Document:

WEX 2014.12.31 EX 10.32

Exhibit 10.32

WEX Inc. Special Incentive Plan

To:        George Hogan
From:        Melissa Smith
Date:        May 12, 2014
Re:        Special Incentive Plan

In recognition of the critical role you play in the achievement of the organizational goals for International and your new role as SVP, International, WEX Inc. will pay you the following special incentive based upon your satisfactory completion of the following deliverables: 

		
	1.
	 Achievement of 2014 International Revenue target of $50m

In addition to the deliverables above being met and approved by Melissa Smith, you must also have a “meets” or higher performance rating at the time of payout and not be under any written performance improvement plan.

Provided you are employed by WEX when achievement of the deliverable has been verified and approved, the following payouts will be made in addition to the ordinary compensation earned by you during the performance period or under any other Company incentive plan:   $50,000.00 (Fifty Thousand Dollars) gross incentive. 

Note: All payouts dates are subject to revision and no payout shall be made before the associated deliverable is completed.

The Incentive shall be payable at the next regular pay period following satisfactory completion, verification and approval of the performance achievement.  If you voluntarily leave the company prematurely, or are terminated for poor performance or other cause prior to any of the above deliverable dates, you will not receive any pending Special Incentive payout as outlined.  If you are terminated involuntarily without cause and provided you have made satisfactory progress on the performance milestones and objectives at the time of your termination and provided further you execute a general release of claims against the Company, you shall be entitled to receive a prorated portion of the Special Incentive Plan ("Prorated Special Incentive").  The Prorated Special Incentive shall be equal to the number of days you worked on the project divided by the total number of days in this Period, times the Special Incentive payout specified above.   The Prorated Special Incentive shall be made at the next regular pay period.  If the objectives are not reached, no Special Incentive payout or Prorated Special Incentive shall be paid under this agreement.
 
YOU agree not to disclose, either directly or indirectly, any information whatsoever regarding the existence or substance of this Agreement.  This nondisclosure includes, but is not limited to, members of the media, present and former employees of the Company, and other members of the public. In the 

CONFIDENTIAL AND PROPRIETARY, WEX Inc.
ActiveUS 132730491v.1

event of disclosure, this Agreement will be considered null and void and the Company has the right to institute an action against you for the return of all monies paid pursuant to this Agreement, plus the reimbursement of attorneys’ fees and court costs.

This memorandum is not intended to create a contract of employment, and the Company reserves all rights with respect to the terms of your continued employment other than as expressly set forth in this memorandum.

Acknowledged and Agreed                 

/s/ Melissa D. Smith                    /s/George Hogan
Melissa D. Smith                    George Hogan

ActiveUS 132730491v.1Exhibit 4.1 2014 10-K

EXHIBIT 4.1

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2014

PEOPLES BANCORP INC.
138 Putnam Street
Marietta, OH  45750
(740) 373-3155

February 26, 2015 

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C.  20549

RE:  Peoples Bancorp Inc. - Annual Report on Form 10-K for the fiscal year ended December 31, 2014 

Ladies and Gentlemen:

Peoples Bancorp Inc., an Ohio corporation, is today filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the “Form 10-K”), as executed on February 26, 2015.

Pursuant to the provisions of Item 601(b)(4)(iii) of SEC Regulation S-K, Peoples Bancorp Inc. hereby agrees to furnish to the SEC, upon request, copies of instruments and agreements defining (i) the rights of holders of Peoples Bancorp Inc.'s long-term debt or (ii) the rights of holders of the long-term debt of one of its consolidated subsidiaries, not being filed or incorporated by reference as an exhibit to the Form 10-K.  Such long-term debt does not exceed 10% of the total assets of Peoples Bancorp Inc. and its subsidiaries on a consolidated basis.

Very truly yours,
            
Peoples Bancorp Inc.

/s/ EDWARD G. SLOANE 
Edward G. Sloane
Executive Vice President,
Chief Financial Officer and TreasurerExhibit 4.8 2014 10-K

EXHIBIT 4.8

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 2014

THIRD AMENDMENT TO REVOLVING CREDIT NOTE

		
	Cincinnati, Ohio
	December 18, 2014 (the “Effective Date”)

On or as of December 18, 2012, PEOPLES BANCORP INC., an Ohio corporation (“Borrower”), executed and delivered a Revolving Credit Note to U.S. BANK NATIONAL ASSOCIATION, a national banking association ("Lender"), in the maximum principal amount of $5,000,000 (as previously, now or hereafter amended, the “Note”) in connection with and pursuant to the terms and conditions set forth in a certain Loan Agreement by and between Borrower and Lender dated as of December 18, 2012 (as previously, now or hereafter amended, the “Loan Agreement”).  Pursuant to an amendment to the Note dated August 4, 2014, the maximum principal amount of the Note was increased to $10,000,000.  Borrower and Lender desire to again amend the Note.

		
	1.
	Amendment.  By this Third Amendment to Revolving Credit Note (the “Amendment”), the Note hereby is amended as follows:

		
	1.1
	The maturity date of the Note is extended to December 16, 2015. Any references in the Note or the Loan Agreement to the Revolving Credit Loan Maturity Date shall mean December 16, 2015.

2.    General.

		
	2.1
	Capitalized terms used herein and not otherwise defined will be given the definitions set forth in the Loan Agreement and the Note.

		
	2.2
	Borrower represents and warrants that Borrower has no claims, counterclaims, setoffs, actions or causes of actions, damages or liabilities of any kind or nature whatsoever whether at law or in equity, in contract or in tort, whether now accrued or hereafter maturing (collectively, “Claims”) against Lender, its direct or indirect parent corporation or any direct or indirect affiliates of such parent corporation, or any of the foregoing’s respective directors, officers, employees, agents, attorneys and legal representatives, or the heirs, administrators, successors or assigns of any of them (collectively, “Lender Parties”) that directly or indirectly arise out of, are based upon or are in any manner connected with any Prior Related Event.  As an inducement to Lender to enter into this Amendment, Borrower on behalf of itself, and all of its successors and assigns hereby knowingly and voluntarily releases and discharges all Lender Parties from any and all Claims, whether known or unknown, that directly or indirectly arise out of, are based upon or are in any manner connected with any Prior Related Event.  As used herein, the term “Prior Related Event” means any transaction, event, circumstance, action, failure to act, occurrence of any sort or type, whether known or unknown, which occurred, existed, was taken, permitted or begun at any time prior to the Effective Date (as defined above) or occurred, existed, was taken, was permitted or begun in accordance with, pursuant to or by virtue of any of the terms of the Note, the Loan Agreement or any documents executed in connection with the Note or the Loan Agreement or which was related to or connected in any manner, directly or indirectly to the extension of credit represented by the Note or the Loan Agreement.

		
	2.3
	Except as extended hereby, the Note shall remain in full force and effect and is hereby ratified and confirmed as the obligations of Borrower.  Nothing contained herein shall affect or impair any rights, remedies, or powers of Lender under the Note or the Loan Agreement.  The execution and delivery of this Amendment shall not constitute a novation of the loan evidenced by the Note.

		
	2.4
	Nothing contained herein nor any prior written or oral representations by Lender shall be construed as obligating Lender to grant any further extensions of the maturity date of the Note, it being the express agreement of the parties that the Note will be paid, in full, on or the Revolving Credit Loan Maturity Date, as amended hereby, and no later.  Time is of the essence.

		
	2.5
	Borrower agrees to execute and deliver, or cause to be executed and delivered, any other documents or instruments deemed necessary by Lender to perfect or continue the perfection of any security interest.

2.6    Borrower reaffirms the waiver of jury trial provision contained the Note.

PEOPLES BANCORP INC.

By:                     
Name: Charles W. Sulerzyski
Title: President and Chief Executive Officer

ACCEPTED:

U.S. BANK NATIONAL ASSOCIATION

By:                          
Print Name: Brad Clark
Title: Vice PresidentExhibit 10.16 2014 10-K

EXHIBIT 10.16

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K 
FOR FISCAL YEAR ENDED DECEMBER 31, 2014

SUMMARY OF PERQUISITES FOR EXECUTIVE OFFICERS
OF PEOPLES BANCORP INC.

Peoples maintains an Executive Health Program which provides an opportunity for each executive officer to participate on a voluntary basis in a comprehensive medical screening annually at the expense of Peoples.  Participation in this program is voluntary.  The objective of the Executive Health Program is the early identification of potential health problems and the prompt, expert treatment of any medical problems detected, thereby mitigating the negative potential impact on Peoples' financial performance or current management succession plans.  Some of the executive officers participate in a program under which Peoples offers a limited reimbursement for fitness club memberships.  This program is available to all employees, and is part of an overall wellness initiative at Peoples.  In 2014, all of the named executive officers participated in a wellness incentive program, available to all Peoples medical plan participants, which provided up to a one-time $1,250 payment to a Health Savings or Flexible Spending Account, depending upon individual compliance with the program’s requirements, which include wellness related activities.

Based on business need, on a case-by-case basis, the Compensation Committee has granted the use of a company-paid automobile and/or country club membership to certain executive officers to further business development on behalf of Peoples and our shareholders.  Personal use of a company-paid automobile is reported as income to the executive officer.  Expenses relating to personal use of the country club amenities are either reimbursed to Peoples or paid by the named executive officer.
On a case-by-case basis, the Compensation Committee pays or reimburses executive officers for moving expenses and temporary housing as part of the executive's recruitment package.  Peoples maintains an Excessive or Luxury Expenditures Policy that is subject to review and approval by the full Board.

On July 25, 2013, the Peoples Board approved the Peoples Bancorp Inc. Nonqualified Deferred Compensation Plan (the “NQDC Plan”).  On November 20, 2013, the Committee again approved the 2013 Plan for continuation in 2014.  Participation in the NQDC Plan is limited to a select group of management and highly-compensated employees designated annually by the Compensation Committee.  The NQDC Plan is offered for the purpose of providing a vehicle for the deferral of compensation in excess of statutory limits under the Peoples' 401(k) Plan for those participating in the NQDC Plan.  Participants may elect to defer base salary, annual bonus and other compensation such as commissions, but not equity-based awards.  After the applicable deadline, a deferral election is irrevocable for that plan year unless otherwise permitted under the NQDC Plan.  Generally, a participant must submit a deferral election by December 31 of the year before services are to be performed.  The deferred compensation, if any, is credited to a bookkeeping account maintained on behalf of the participant.  The participant is fully vested in the bookkeeping account which will be credited with earnings and losses based on the performance of the investment selections made by the participant for the account.  The Compensation Committee determines the deemed investments with which participants may direct that their bookkeeping accounts be credited.

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