Document:

Form of Amendment to Option Agreement under the 2001 Stock Option and Purchase

 Exhibit 10.13 
 LOOPNET, INC. 
 AMENDMENT TO STOCK OPTION AGREEMENT 

This AMENDMENT TO STOCK OPTION AGREEMENT (the “Amendment”) by and between [Optionee Name] (“Optionee”) and
LoopNet, Inc., a Delaware corporation (the “Company” and, together with Optionee, the “Parties”), is entered into as follows: 
 WITNESSETH: 
 WHEREAS, on [Insert Date], the Company granted Optionee a
stock option (the “Option”) to purchase [            ] shares of the Company’s common stock pursuant to the Company’s [2001 Stock Option Plan/2006 Equity
Incentive Plan (the “Plan”)] as evidenced by that certain Stock Option Agreement (the “Option Agreement”); 
 WHEREAS, the Parties desire to amend the Option Agreement to (i) permit payment of the exercise price of the Option by net exercise and payment of the tax withholding obligations by net issuance,
and (ii) allow the Option to be transferable to the maximum extent permitted by Form S-8 under the Securities Act of 1933, as amended. 
 NOW, THEREFORE, for good and valuable consideration, the sufficiency of which the Parties acknowledge and agree to, Optionee and the Company agree to the following: 

1. Net Exercise and Net Issuance. Section 5 of the Option Agreement, entitled “Exercise Mechanics,” is hereby
amended to add the following to the end thereof: 
 “In addition to the foregoing methods of payment, Optionee
may also exercise the Option, by a net exercise arrangement pursuant to which the Company will reduce the number of Shares issued upon exercise by the minimum whole number of Shares with a Fair Market Value sufficient to pay the aggregate exercise
price of the exercised Shares and the minimum tax withholding obligations (if any) in connection with the exercise of the Option. Such net exercise and net issuance may be pursuant to such procedures as the Company may specify from time to time so
as not to result in any adverse financial accounting consequences to the Company.” 
 2. Transferability.
Section 7 of the Option Agreement, entitled “Transferability,” is hereby amended to add the following to the end thereof: 
 “Notwithstanding the foregoing, the Option may also be transferred to the maximum extent permitted by Form S-8 under the Securities Act of 1933, as amended.” 

3. Option Status. Optionee understands and acknowledges that, if the Option previously qualified as an incentive stock option under
Section 422 of the Internal Revenue Code of 1986, as amended, as a result of the modifications to the Option pursuant to this Amendment, the Option will cease to be treated as an incentive stock option under Section 422 of the Internal
Revenue Code of 1986, as amended, and will be treated for tax purposes as a nonstatutory stock option. 

 4. Full Force and Effect. To the extent not expressly amended hereby, the Option
Agreement remains in full force and effect. 
 5. Entire Agreement; Governing Law. This Amendment, together with the Option
Agreement (to the extent not amended hereby) and the Plan, represents the entire agreement of the Parties and shall supersede any and all prior or contemporaneous contracts, arrangements or understandings between the Parties with respect to the
Option. This Amendment may be amended at any time only by mutual written agreement of the Parties hereto. This Amendment will be governed by the laws of the State of Delaware (with the exception of its conflict of laws provisions). 

6. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which,
together, shall constitute one instrument. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, each of the Parties has executed this Amendment, in the case of the
Company, by its duly authorized officer, as of the date set forth below. This Amendment and offer to amend shall only be in effect if accepted by Optionee on or before December 31, 2011 and, if not accepted by such time, this Amendment and
offer to amend shall be null and void and of no force or effective. If accepted on or before December 31, 2011, this Amendment shall be effective as of the latest date set forth below. 

 

							
	 LOOPNET, INC.
	 		 		 	 OPTIONEE

				
		 		 		 	 
	 [Insert
Name]                                        
                    
	 		 		 	[Optionee
Name]                                        
            
	 [Insert Title]
	 		 		 	
		 		 		 	Date:EX-10.12

 Exhibit 10.12 
 FOURTH AMENDMENT TO THE 2006 ITT EDUCATIONAL SERVICES, INC. EQUITY 

COMPENSATION PLAN 
 WHEREAS, the shareholders of ITT Educational Services, Inc. (the “Company”) approved the 2006 ITT Educational Services, Inc. Equity Compensation Plan (the “Plan”) on May 9, 2006;
and 
 WHEREAS, the Plan was subsequently amended by a First Amendment, which was adopted by the Board of Directors of the
Company (the “Board”) on October 24, 2006, in certain respects not requiring shareholder approval; and 

WHEREAS, the Plan was further amended by a Second Amendment, which was adopted by the Board on July 24, 2007, in certain respects
not requiring shareholder approval; and 
 WHEREAS, the Plan was further amended by a Third Amendment, which was adopted by the
Board on November 24, 2010, except for Sections 8, 10 and 11 which were adopted by the Board on January 17, 2011, in certain respects not requiring shareholder approval; and 

WHEREAS, the Compensation Committee of the Board has made a final binding determination regarding the proper interpretation of the
definition of “Change in Control” under the Plan with respect to the impact of certain types of transactions and has recommended that the Board adopt an amendment to the Plan reflecting such determination; and 

WHEREAS, the Board now desires to further amend the Plan in certain respects that do not require shareholder approval. 

NOW, THEREFORE, the Plan is hereby amended as follows: 
 1. Section 2(g)(i) of the Plan is hereby amended to read as follows: 
 (g) “Change in Control” means the occurrence of one or more of the following: 
 (i) (A) The acquisition by any person (within the meaning of Section 13(d) of the Exchange Act), other than the Company, a Subsidiary or any employee benefit plan sponsored by the Company or a
Subsidiary, of a beneficial ownership directly or indirectly of 20 percent or more of the outstanding common shares of the Company; provided, however, that an increase in the percentage of the outstanding common shares of the Company
beneficially owned by any person (within the meaning of Section 13(d) of the Exchange Act) solely as a result of a reduction in the number of shares of the Company’s common stock then outstanding due to the repurchase by the Company of
such common stock shall not constitute a Change in Control; provided further that, for the avoidance of doubt, any subsequent acquisition of shares of Company common stock by any person (within the meaning of Section 13(d) of the
Exchange Act) as a result of which immediately following such acquisition such person beneficially owns 

 
(within the meaning of Section 13(d) of the Exchange Act) 20 percent or more of the outstanding common shares of the Company shall constitute a Change in Control; or (B) the purchase by
any person (within the meaning of Section 13(d) of the Exchange Act), other than the Company, a Subsidiary or any employee benefit plan sponsored by the Company or a Subsidiary, of shares pursuant to a tender offer or exchange offer to acquire
common stock of the Company (or securities convertible into common stock) for cash, securities or any other consideration, provided that after consummation of the offer, the person in question is the beneficial owner (as such term is defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of 15 percent or more of the outstanding common stock of the Company (calculated as provided in paragraph (d) of Rule 13d-3 under the Exchange Act in the case of rights to acquire common
stock); 
 2. This Fourth Amendment to the Plan shall become effective upon its adoption by the Board. 

 

			
	 Adopted by the Board of the Directors of ITT
 Educational Services, Inc. on January 23, 2012EX-10.15

 Exhibit 10.15 
 2006 ITT EDUCATIONAL SERVICES, INC. 
 EQUITY COMPENSATION PLAN

 NONQUALIFIED STOCK OPTION AGREEMENT 
 This Agreement (“Agreement”), effective as of the              day of
                     , 2             (“Grant Date”), is by
and between ITT Educational Services, Inc. (“Company”) and              (“Grantee”). 
 The Grantee now serves the Company or a Subsidiary as either an Employee or a Non-Employee Director, and in recognition of the Grantee’s valued services, the Company, through the Committee, desires
to provide an opportunity for the Grantee to increase his or her stock ownership in the Company pursuant to the provisions of the 2006 ITT Educational Services, Inc. Equity Compensation Plan (“Plan”). 

In consideration of the terms and conditions of this Agreement and the Plan, the terms of which are incorporated as a part of this
Agreement, the parties agree as follows: 
 1. Grant of Option. As of the date indicated above, the Company hereby grants
to the Grantee the right and option (“Option”) to purchase all or any part of an aggregate of              Shares. 

2. Nonqualified Status. This Option is a nonqualified stock option and is not intended to qualify as an incentive stock option
under Code Section 422. 
 3. Exercise Price. The Exercise Price of each Share covered by this Option is
$             per Share. 
 4. Vesting of Option.
Subject to the terms of the Plan and this Agreement, including paragraphs 5 and 6 below, the Grantee will vest in and be entitled to exercise this Option at the time the Committee selects below: 

            (a) this Option shall become exercisable as to
             [insert fraction, such as 1/3] of the Shares on a cumulative basis, on each of the
             [insert anniversary dates, such as first, second, and third] anniversaries of the Grant Date (time-based vesting (graded) –at least one year from the Grant
Date); 
             (b) on
                            ,
2             (time-based vesting (cliff) – at least one year from the Grant Date); 
             (c) on the date or dates the Grantee achieves the Performance Measures, as specified in Attachment A to this Agreement
(performance-based vesting – at least one year from the Grant Date). 
 5. Term of Option. This Option expires at
the close of business on             , 2             (not to exceed seven years from the Grant Date), unless it
expires earlier pursuant to the following rules: 
 (a) Upon termination by the Company of the Grantee’s
employment or service without Cause, or upon termination of employment or service by the Grantee for a reason other than death or Disability (i) the Grantee will forfeit all of the Shares subject to this Option that had not yet become
exercisable as of the date of his or her termination, and (ii) Shares subject to this Option that were exercisable as of the date of the Grantee’s termination will remain exercisable until the earlier of (A) the date 90 days after the
date of termination, or (B) the date this Option otherwise expires in accordance with the terms of the Plan and this Agreement; and 

  
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 (b) Upon termination of the Grantee’s employment or service for Cause,
the Grantee will immediately forfeit this Option entirely, to the extent it remains unexercised (including as to those Shares subject to this Option that are otherwise exercisable as of the date of his or her termination). 

6. Termination for Death or Disability. The effect of the Grantee’s termination of employment or service for death or
Disability depends on whether this Option is subject to a time-based or performance-based vesting schedule (as specified in paragraph 4 of this Agreement): 
 (a) Time-Based Vesting Schedule. Upon the Grantee’s death or Disability, all of the Grantee’s Options with time-based vesting provisions will become immediately exercisable and will
remain exercisable until the earlier of (i) the date three years after the date of the Grantee’s death or Disability; or (ii) the date the Options expire in accordance with their terms. 

(b) Performance-Based Vesting Schedule. Upon the Grantee’s death or Disability, all of the Grantee’s
Options with performance-based vesting provisions are subject to the following two rules: (i) the Grantee will forfeit all such Options that are not exercisable as of the date of the Grantee’s death or Disability; and (ii) Options
that were exercisable as of the date of the Grantee’s death or Disability will remain exercisable until the earlier of (A) the date three years after the date of the Grantee’s death or Disability, or (B) the date the Options
expire in accordance with their terms. 
 7. Exercise. The Grantee may exercise this Option, to the extent vested, by
delivering a written notice to the Company, or the Company’s designee, as the Company specifies in writing to the Grantee. The Grantee’s written notice must: (i) set forth the number of Shares for which he or she is exercising the
Option, and (ii) specify the method of payment for the Exercise Price. The Grantee may pay the Exercise Price by any of the following means: 
 (a) in cash or its equivalent; 
 (b) by tendering (either actually
or constructively by attestation) Shares having an aggregate Fair Market Value at the time of exercise equal to the Exercise Price that the Grantee has held for at least
            (            ) months; 

(c) Cashless Exercise; or 
 (d) by a combination of any of the permitted methods of payment in subparagraphs (a), (b), and (c) above. 
 8. Non-Assignability. Except as provided in the Plan or this Agreement, the Option is not assignable or transferable by the Grantee otherwise than by will or by the laws of descent and distribution
and is exercisable, during the Grantee’s lifetime, only by the Grantee. 
 9. Change in Control. As provided in
Section 19 of the Plan, upon the occurrence of a Change in Control, this Option may become exercisable prior to time provided for under the vesting schedule in paragraph 4. 

10. Withholding. Prior to the delivery of any Shares pursuant to this Option, the Company has the right and power to deduct or
withhold, or require the Grantee to remit to the Company, an amount sufficient to satisfy all applicable tax withholding requirements. The Company will require the Grantee to satisfy all or part of the tax withholding obligations in connection with
this Option by (a) having the Company withhold otherwise deliverable Shares, or (b) delivering to the Company Shares already owned for a period of at least six (6) months (or such longer or shorter period as may be required to avoid a
charge to earnings for financial accounting purposes), in each case having a value equal to the amount to be withheld, which shall not exceed the amount determined by the applicable minimum statutory tax withholding rate (or such other rate as will
not result in a negative accounting impact). For these purposes, the value of the Shares to be withheld or delivered will be equal to the Fair Market Value as of the date that the taxes are required to be withheld. 

  
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 11. Notices. All notices and other communications required or permitted under this
Agreement shall be written and delivered personally or sent by registered or certified first-class mail, postage prepaid and return receipt required, addressed as follows: if to the Company, to the Company’s executive offices in Carmel,
Indiana, and if to the Grantee or his or her successor, to the address last furnished by the Grantee to the Company. Notwithstanding the foregoing, though, the Company may authorize notice by any other means it deems desirable or efficient at a
given time, such as notice by facsimile or electronic mail (e-mail). 
 12. No Employment Rights. Neither the Plan nor
this Agreement confers upon the Grantee any right to continue in the employ or service of the Company or a Subsidiary or interferes in any way with the right of the Company or a Subsidiary to terminate the Grantee’s employment or service at any
time. 
 13. Defined Terms. All of the defined terms, or terms that begin with capital letters and have a special meaning
for purposes of this Agreement, have the meaning ascribed to them in this Agreement. All defined terms to which this Agreement does not ascribe a meaning have the meaning ascribed to them in the Plan. 

14. Plan Controlling. The terms and conditions set forth in this Agreement are subject in all respects to the terms and conditions
of the Plan, which are controlling. All determinations and interpretations of the Committee are binding and conclusive upon the Grantee and his or her legal representatives. The Grantee agrees to be bound by the terms and provisions of the Plan. The
Grantee further acknowledges and agrees that, as consideration for this Option, the term “Change in Control” applicable to all Awards (as defined in the Plan) held by the Grantee and issued or granted prior to the date hereof shall have
the meaning set forth in the Plan as of the date hereof. 
 The Company and the Grantee have executed this Agreement as of the
date first above written. 
  

			
		
		 	 
		 	[GRANTEE SIGNATURE]
		
		 	Print
Name:                                        
    

  

					
	ITT EDUCATIONAL SERVICES, INC.
		
	By:	 	 
	Print Name:	 	 
	Title:	 	 

  
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 ATTACHMENT A 
 TO 
 NONQUALIFIED STOCK OPTION AGREEMENT 

PERFORMANCE-BASED VESTING 
  

	I.	Performance Measures and Beginning of Performance Period 

 Pursuant to the terms of the Plan and paragraph 4 of this Agreement, the Grantee will vest in this Option only upon the achievement, under the terms applicable in part II below and within the Performance
Period that begins on the date specified in this part I, of the following Performance Measures: [specify the applicable Performance Measures and the first day of the Performance Period]: 

 
  

 
  

 
  

 
  

 
  

 
  

 

	II.	Performance Period (Vesting Schedule) 

 The Performance Period, or vesting schedule, that the Committee selects below applies to the Grantee’s Option: 
  

	 	___1.	        Prorated Vesting. The Performance Period for this Option is
            years (at least one), beginning on the date specified in part I above. After the Performance Period expires, the Committee will determine the percentage of achievement for the
Performance Measures in part I above. Based upon that determination, the Grantee will vest in a percentage of Shares subject to this Option in accordance with the following schedule [below is an example]: 

 

					
	 PERCENTAGE ACHIEVEMENT OF

PERFORMANCE MEASURES
	  	PERCENTAGE OF SHARES
THAT
VEST	 
	 Below 85%
	  	 	0	% 
	 At least 85% but less than 90%
	  	 	25	% 
	 At least 90% but less than 95%
	  	 	50	% 
	 At least 95% but less than 100%
	  	 	75	% 
	 At least 100%
	  	 	100	% 

  

	 	___2.	        Graded Vesting. The Performance Period for this Option is
             years (more than one), with the first year beginning on the date specified in part I above and each subsequent year beginning on its anniversary. After each year of the
Performance Period, as specified below, the Committee will determine whether the Performance Measures applicable to the period were achieved, as specified in part I above. Based upon that determination, the Committee will determine whether the
Grantee vested in the correlating fraction of this Option for that period, all in accordance with the following schedule [below is an example]: 

  
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	 YEAR OF THE PERFORMANCE

PERIOD
	  	FRACTION OF SHARES
THAT
VEST
	 The first year
	  	1/3
	 The second year
	  	1/3
	 The third year
	  	1/3

  

	 	___3.	        Cliff Vesting. The Performance Period for this Option is
             years (at least one), beginning on the date specified in part I above. After the Performance Period expires, the Committee will determine whether the Performance
Measures specified in part I above were achieved. If the Performance Measures were achieved in full, the Grantee will vest in this entire Option. If the Performance Measures were not achieved in full, the Grantee will forfeit this entire Option.

  
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