Document:

Document

Exhibit 10.2

EXECUTION VERSION

SEVENTH AMENDMENT TO THE
PURCHASE AND SALE AGREEMENT
This SEVENTH AMENDMENT TO THE PURCHASE AND SALE AGREEMENT (this “Amendment”), dated as of July 29, 2022, is entered into by and among the following parties:
(i)DXC TECHNOLOGY COMPANY, as Servicer (the “Servicer”); 
(ii)THE VARIOUS PARTIES LISTED ON THE SIGNATURE PAGES HERETO AS ORIGINATORS (the “Originators”); and 
(iii)DXC RECEIVABLES LLC (F/K/A CSC RECEIVABLES LLC), as Buyer  under the Agreement described below (the “Buyer”).
Capitalized terms used but not otherwise defined herein (including such terms used above) have the respective meanings assigned thereto in the Agreement described below.
BACKGROUND
A.The Originators, the Servicer and the Buyer entered into that certain Purchase and Sale Agreement, dated as of December 21, 2016 (as amended, restated, supplemented or otherwise modified through the date hereof, the “Agreement”).
B.Concurrently herewith, the Servicer, the Buyer, as seller, the Committed Purchasers, the Group Agents and the Administrative Agent are entering into that certain Twelfth Amendment to the Receivables Purchase Agreement, dated as of the date hereof (the “Receivables Purchase Agreement Amendment”).
C.The parties hereto desire to amend the Agreement as set forth herein.
NOW, THEREFORE, with the intention of being legally bound hereby, and in consideration of the mutual undertakings expressed herein, each party to this Amendment hereby agrees as follows:
SECTION 1.Amendment to the Agreement.  Effective as of the date hereof, the Agreement is hereby amended as follows:
(a)Article X of the Agreement is hereby amended by deleting Section 10.15 of the Agreement in its entirety.
(b)Schedule II of the Agreement is replaced in its entirety with the schedule attached hereto as Schedule II. 
(c)Schedule IV of the Agreement is replaced in its entirety with the schedule attached hereto as Schedule IV.

SECTION 2.Representations and Warranties of the Originators.  The Originators hereby represent and warrant to each of the parties hereto as of the date hereof as follows:
									
	748754468 16518096
		Seventh Amendment to 
Purchase and Sale Agreement (DXC)

(d)Representations and Warranties.  The representations and warranties made by such Person in the Agreement and each of the other Transaction Documents to which it is a party are true and correct as of the date hereof (unless such representations or warranties relate to an earlier date, in which case as of such earlier date).
(e)Enforceability.  The execution and delivery by it of this Amendment, and the performance of its obligations under this Amendment, the Agreement (as amended hereby) and the other Transaction Documents to which it is a party are within its organizational powers and have been duly authorized by all necessary action on its part, and this Amendment, the Agreement (as amended hereby) and the other Transaction Documents to which it is a party are (assuming due authorization and execution by the other parties thereto) its valid and legally binding obligations, enforceable in accordance with its terms, except (x) the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws from time to time in effect relating to creditors’ rights, and (y) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.
(f)No Event of Default; No Purchase and Sale Termination Event.  No Event of Termination, Unmatured Event of Termination, Non-Reinvestment Event, Unmatured Non-Reinvestment Event, Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event has occurred and is continuing, or would occur as a result of this Amendment or the transactions contemplated hereby. 
SECTION 3.Effect of Amendment; Ratification.  All provisions of the Agreement and the other Transaction Documents, as expressly amended and modified by this Amendment, shall remain in full force and effect.  After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “this Purchase and Sale Agreement”, “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein.  The Agreement, as amended by this Amendment, is hereby ratified and confirmed in all respects.
SECTION 4.Effectiveness.  This Amendment shall become effective as of the date hereof upon (a) receipt by the Buyer and the Administrative Agent’s receipt of counterparts to this Amendment executed by each of the parties hereto, and (b) the effectiveness of the Receivables Purchase Agreement Amendment.
SECTION 5.Severability.  Any provisions of this Amendment which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  
SECTION 6.Transaction Document.  This Amendment shall be a Transaction Document for purposes of the Receivables Purchase Agreement.
SECTION 7.Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument.  Delivery of an executed counterpart of a signature page to this 
									
	748754468 16518096
	2
	Seventh Amendment to 
Purchase and Sale Agreement (DXC)

Amendment by facsimile or e-mail transmission shall be effective as delivery of a manually executed counterpart hereof.
SECTION 8.GOVERNING LAW AND JURISDICTION.  
(g)THIS AMENDMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF).
(h)EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY NEW YORK STATE OR FEDERAL COURT SITTING IN NEW YORK CITY, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT, AND EACH PARTY HERETO HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT.  THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT THEY MAY EFFECTIVELY DO SO, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING.  THE PARTIES HERETO AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.
SECTION 9.Section Headings.  The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof.

[Signature Pages Follow]

									
	748754468 16518096
	3
	Seventh Amendment to 
Purchase and Sale Agreement (DXC)

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
DXC RECEIVABLES LLC,
as Buyer

By:                 /s/ Ceyhun Cetin                                     
    Name: Ceyhun Cetin
    Title:  President, Treasurer and Secretary

DXC TECHNOLOGY COMPANY,
as Servicer 

By:                /s/ William L. Deckelman, Jr.                    
    Name: William L. Deckelman, Jr.
    Title:  Executive Vice President and
General Counsel

DXC TECHNOLOGY SERVICES LLC,
as an Originator

By:               /s/ Ceyhun Cetin                                        
Name: Ceyhun Cetin
    Title: President, Treasurer and Secretary

ALLIANCE-ONE SERVICES, INC.,
as an Originator

By:                  /s/ Sudhar Krishnamachary                 
    Name:  Sudhar Krishnamachary
    Title: Treasurer and Secretary

COMPUTER SCIENCES CORPORATION,
as an Originator

By:                 /s/ Ceyhun Cetin                                   
    Name:  Ceyhun Cetin
    Title:  President, Treasurer, and Secretary

CSC CONSULTING, INC.,
as an Originator

By:                /s/ Ceyhun Cetin                                    
    Name: Ceyhun Cetin
    Title: President, Treasurer, and Secretary

CSC CYBERTEK CORPORATION,
as an Originator

By:                 /s/ Ceyhun Cetin                                   
    Name: Ceyhun Cetin
    Title: President, Treasurer, and Secretary

MYND CORPORATION,
as an Originator

By:                /s/ Ceyhun Cetin                                      
Name: Ceyhun Cetin
    Title:  President, Treasurer, and Secretary

CSC PUERTO RICO, LLC,
as an Originator

By:                 /s/ Ceyhun Cetin                                
    Name: Ceyhun Cetin
    Title: President, Treasurer, and Secretary

CSC COVANSYS CORPORATION,
as an Originator

By:                 /s/ Ceyhun Cetin                              
    Name: Ceyhun Cetin
    Title: President, Treasurer, and Secretary

TRIBRIDGE HOLDINGS, LLC,
as an Originator

By:                 /s/ Ceyhun Cetin                              
    Name: Ceyhun Cetin
    Title: President, Treasurer, and Secretary

Acknowledged by:
PNC BANK, NATIONAL ASSOCIATION
as Administrative Agent
By:          /s/ Christopher Blaney                        
Name: Christopher Blaney
Title: Senior Vice President
PNC BANK, NATIONAL ASSOCIATION,
as Group Agent for its Purchaser Group

By:       /s/ Christopher Blaney                          
Name: Christopher Blaney
Title: Senior Vice President

[Certain identified information has been excluded from the exhibit because it is both not material and is the type that the registrant treats as private or confidential]

SCHEDULE II
LOCATION OF BOOKS AND RECORDS OF ORIGINATORS

						
	Originator	Location of Books and Records
	Alliance-One Services, Inc.	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	Computer Sciences Corporation	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	CSC Consulting, Inc.	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	CSC Covansys Corporation	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	CSC Cybertek Corporation	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	CSC Puerto Rico, LLC	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	DXC Technology Services LLC	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	Mynd Corporation	20408 Bashan Drive, Suite 231, Ashburn, VA 20147
	Tribridge Holdings, LLC	20408 Bashan Drive, Suite 231, Ashburn, VA 20147

[Certain identified information has been excluded from the exhibit because it is both not material and is the type that the registrant treats as private or confidential]

SCHEDULE IV
NOTICE ADDRESSES

If to DXC Technology Company:

DXC Technology Company
20408 Bashan Drive, Suite 231
Ashburn, Virginia 20147
Attention: William L. Deckelman, Jr., Executive Vice President and General Counsel
Telephone: 
Email: 

With a copy to:

Attn:  Corporate Treasury
Email:  

If to any other Originator:

c/o DXC Technology Company
20408 Bashan Drive, Suite 231
Ashburn, Virginia 20147
Attention: William L. Deckelman, Jr., Executive Vice President and General Counsel
Telephone: 
Email: 

With a copy to:

Attn:  Corporate Treasury
Email:  

Schedule IIEX-10.5

  Brightview HOLDINGS, INC.

  PERFORMANCE STOCK UNIT GRANT 

  		THIS PERFORMANCE STOCK UNIT GRANT (this “Agreement”), is made effective as of the date set forth on the Company signature page (the “Signature Page”) attached hereto (the “Date of Grant”), by and between BrightView Holdings, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), and the participant identified on the Signature Page attached hereto (“Participant”).

  R E C I T A L S:

  		WHEREAS, the Company has adopted the BrightView Holdings, Inc. 2018 Omnibus Incentive Plan (the “Plan”), the terms of which Plan are incorporated herein by reference and made a part of this Agreement, and capitalized terms not otherwise defined herein shall have the same meaning as in the Plan; and

  		NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties hereto agree as follows:

   

  1.Performance Stock Units.

  (a)Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement and effective as of the Date of Grant, the Company hereby grants the target number of performance-based Restricted Stock Units (“Performance Stock Units” or “PSUs”) set forth on the Signature Page hereto (the “Target PSUs”). 

  (b)The number of Performance Stock Units earned (the “Earned PSUs”) shall be determined based on the level of achievement of the Performance Criteria set forth on Schedule I attached hereto (the “Performance Conditions”) over the performance period set forth on the Signature Page hereto (the “Performance Period”). 

  (c)If Participant’s employment or service with the Company Group is terminated at any time before the last day of the Performance Period (the “Vesting Date”), all unvested Performance Stock Units shall automatically and immediately be forfeited and canceled (after giving effect to any acceleration of vesting or other terms set forth in Schedule I attached hereto).

   

  2.Settlement of Earned PSUs.

  (a)As promptly as practicable (and, in no event more than two and one-half (2-1/2) months) following the Vesting Date, the Committee shall determine (i) whether and to what extent the Performance Conditions has been achieved and (ii) the number of Earned PSUs, if any.  The Earned PSUs, if any, shall become vested as of the Vesting Date, subject to Participant’s continued employment or service with the Company Group through such date.

  (b)Upon the settlement of an Earned PSU, the Company shall pay to Participant an amount equal to one share of Common Stock (a “Share”). As determined by the Committee, the Company shall pay such amount in (x) cash, (y) Shares or (z) any combination thereof. Any fractional Shares may be settled in cash.

  

  (c)Notwithstanding anything in this Agreement to the contrary, the Company shall not have any obligation to issue or transfer any Shares as contemplated by this Agreement unless and until such issuance or transfer complies with all relevant provisions of law. As a condition to the settlement of any Earned PSUs, Participant may be required to deliver certain documentation to the Company.

  3.Restrictive Covenants. 

  (a)Restrictive Covenants. Participant acknowledges and recognizes the highly competitive nature of the businesses of the Company Group, that Participant will be allowed access to confidential and proprietary information (including, but not limited to, trade secrets) about those businesses, as well as access to the prospective and actual customers, suppliers, investors, clients and partners involved in those businesses and the goodwill associated with the Company Group and accordingly agrees, in Participant’s capacity as an investor and equity holder in the Company, to the provisions of Appendix A to this Agreement (the “Restrictive Covenants”). Participant acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of any of the Restrictive Covenants would be inadequate and the Company would suffer irreparable damages as a result of such breach or threatened breach. In recognition of this fact, Participant agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond, shall be entitled to forfeit without payment any outstanding Shares subject to this Agreement and otherwise cease making any payments or providing any benefit otherwise required by this Agreement and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. For the avoidance of doubt, the Restrictive Covenants contained in this Agreement are in addition to, and not in lieu of, any other restrictive covenants or similar covenants or agreements between Participant and the Company Group. For purposes of this Agreement, “Restrictive Covenant Violation” shall include Participant’s breach of any of the Restrictive Covenants or any similar provision applicable to Participant.

  (b)Repayment of Proceeds. If a Restrictive Covenant Violation occurs, Participant shall be required, in addition to any other remedy available (on a non-exclusive basis), to pay to the Company, within 10 business days of the Company’s request to Participant therefor, an amount equal to the aggregate after-tax proceeds (taking into account all amounts of tax that would be recoverable upon a claim of loss for payment of such proceeds in the year of repayment) Participant received either in cash in respect of the settlement of any Earned PSUs, or upon the sale or other disposition of, or dividends or distributions in respect of, Shares received upon the settlement of any Earned PSUs.

  4.Book Entry; Certificates. Upon the settlement of any Earned PSUs in Shares pursuant to this Agreement, the Company shall recognize Participant’s ownership of such Shares through uncertificated book entry. If elected by the Company, certificates evidencing the Shares may be issued by the Company and any such certificates shall be registered in Participant’s name on the stock transfer books of the Company promptly after the date hereof, but shall remain in the physical custody of the Company or its designee at all times prior to the later of (a) the settlement of any Earned PSUs pursuant to this Agreement and (b) the expiration of any transfer restrictions set forth in this Agreement or otherwise applicable to the Shares. As soon as practicable following such time, any certificates for the Shares shall be delivered to Participant or to Participant’s legal guardian or representative along with the stock powers relating thereto. However, the Company shall not be liable to Participant for damages relating to any delays in issuing the certificates (if any) to Participant, any loss by Participant of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. 

  5.Legend. To the extent applicable, all book entries (or certificates, if any) representing the Shares delivered to Participant as contemplated by Section 4 above shall be subject to the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which such 

  

  Shares are listed, and any applicable Federal or state laws, and the Company may cause notations to be made next to the book entries (or a legend or legends put on certificates, if any) to make appropriate reference to such restrictions. Any such book entry notations (or legends on certificates, if any) shall include a description to the effect of the restrictions set forth in Sections 1 and 7 hereof.

  6.No Right to Continued Employment or Service. Neither the Plan nor this Agreement nor Participant’s receipt of the Performance Stock Units hereunder shall impose any obligation on the Company or any Affiliate to continue the employment or engagement of Participant. Further, the Company or any Affiliate (as applicable) may at any time terminate the employment or engagement of Participant, free from any liability or claim under the Plan or this Agreement, except as otherwise expressly provided herein.

  7.Assignment Restrictions. 

  (a)The Performance Stock Units granted hereunder may not be Assigned and any such purported Assignment shall be void and unenforceable against the Company or any Affiliate; provided, that the designation of a beneficiary shall not constitute an Assignment.

  (b)“Assign” or “Assignment” shall mean (in either the noun or the verb form, including with respect to the verb form, all conjugations thereof within their correlative meanings) with respect to any security, the gift, sale, assignment, transfer, pledge, hypothecation or other disposition (whether for or without consideration, whether directly or indirectly, and whether voluntary, involuntary or by operation of law) of such security or any interest therein.

  8.Withholding. Participant may be required to pay to the Company or any Affiliate and the Company shall have the right and is hereby authorized to withhold, any applicable withholding taxes in respect of any Earned PSUs, their vesting or settlement or any payment or transfer with respect to any Earned PSUs at the minimum applicable statutory rates, and to take such action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes. The Committee may, in its sole discretion, permit Participant to satisfy such withholding tax obligations, in whole or in part, by delivering Shares, including Shares received upon settlement of any Earned PSUs pursuant to this Agreement.

  9.Securities Laws; Cooperation. Upon the vesting of any unvested Performance Stock Units, Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws, the Plan or this Agreement. Participant further agrees to cooperate with the Company in taking any action reasonably necessary or advisable to consummate the transactions contemplated by this Agreement.

  10.Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to Participant at the address appearing in the personnel records of the Company for such Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

  11.Choice of Law; Jurisdiction; Venue. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware applicable to contracts made and performed wholly within the State of Delaware, without giving effect to the conflict of laws provisions thereof. Any suit, action or proceeding with respect to this Agreement (or any provision incorporated by reference), or any judgment entered by any court in respect of any thereof, shall be brought in any court of competent jurisdiction in the State of New York or the State of Delaware, and each of Participant, the Company, and any transferees who hold Performance Stock Units pursuant to a valid Assignment, hereby submits to the 

  

  exclusive jurisdiction of such courts for the purpose of any such suit, action, proceeding, or judgment. Each of Participant, the Company, and any transferees who hold Performance Stock Units pursuant to a valid Assignment hereby irrevocably waives (a) any objections which it may now or hereafter have to the laying of the venue of any suit, action, or proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in the State of Delaware or the State of New York, (b) any claim that any such suit, action, or proceeding brought in any such court has been brought in any inconvenient forum and (c) any right to a jury trial. 

  12.Performance Stock Units Subject to Plan; Amendment. By entering into this Agreement, Participant agrees and acknowledges that Participant has received and read a copy of the Plan. The Performance Stock Units granted hereunder are subject to the Plan. The terms and provisions of the Plan, as it may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate this Agreement, but no such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination shall materially adversely affect the rights of Participant hereunder without the consent of Participant.

  13.Section 409A. This Agreement is intended to be exempt from or otherwise comply with the provisions of Section 409A of the Code and should be interpreted accordingly. Nonetheless, the Company does not guarantee the tax treatment of the Performance Stock Units. 

  14.Electronic Delivery and Acceptance. This Agreement may be executed electronically and in counterparts. The Company may, in its sole discretion, decide to deliver any documents related to the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

  15.Acceptance and Agreement by Participant; Forfeiture upon Failure to Accept. The grant of Performance Stock Units hereunder will lapse ninety (90) days from the Date of Grant, and the Performance Stock Units granted hereunder will be forfeited on such date if Participant has not accepted this Agreement by such date. For the avoidance of doubt, Participant’s failure to accept this Agreement will not affect Participant’s continuing obligations under any other agreement between the Company and Participant.

  16.No Advice Regarding Grant. Notwithstanding anything herein to the contrary, Participant acknowledges and agrees that the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan or Participant’s acquisition or sale of the underlying Shares received upon settlement of the Performance Stock Units. Participant is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.

  17.Imposition of Other Requirements. The Company reserves the right to impose other requirements on Participant’s participation in the Plan, and on any Shares received upon settlement of Performance Stock Units under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

  18.Waiver. Participant acknowledges that a waiver by the Company of breach of any provision of this Agreement will not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by Participant or any other participant in the Plan.

  

  [Signatures on next page.]

  

   

  	IN WITNESS WHEREOF, Participant acknowledges and accepts the terms of this Agreement which shall be effective as of the date set forth below and countersignature by the Company.

   

  		
	Participant
 
 
 

	 

	 

	Name: 
	 

	 
	 

	Dated: 
	 

   

   

   

  

  Agreement acknowledged and confirmed:

   

  		
	BrightView Holdings, Inc.
 
 

	 

	By:
	__________________________________

	 
	Name: Amanda Orders

	 
	Title: Chief Human Resources Officer

   

   

  Equity Schedule

  Name: 

  Date of Grant: 

  Performance Period: 

  Target Number of Performance Stock Units Granted: 

  

  Schedule I

  Vesting Terms

   

  Vesting Terms

   

  1.Vesting Based on Performance. The portion of the Target PSUs that become earned and vested (if any) will be determined based on performance during the Performance Period against the following Performance Conditions:

  (a)Performance Conditions.

  [Applicable Performance Conditions Included Here]

   

  (b)Performance Result Determinations.

  (i)General.  Each Performance Condition shall be separately determined based on its weighting, and the total Earned PSUs shall be the sum of the three separately determined results.  For performance results below “Threshold,” no portion of the applicable Target PSUs shall be earned.  For performance results between the achievement levels specified for each Performance Condition above “Threshold,” the number of Earned PSUs for that portion of the Award shall be determined by interpolating results on a straight-line basis.

  (ii)Determination. All determinations as to whether the Performance Conditions have been achieved, the number of Earned PSUs (if any) by the Participant, and all other matters related to this Agreement and Schedule I shall be made by the Committee in its sole discretion. Except as provided in Section 2 below, promptly following completion of the Performance Period (and, in no event later than two and one-half (2-1/2) months following the Vesting Date), the Committee will review and determine (A) whether, and to what extent, the Performance Conditions for the Performance Period have been achieved, and (B) the number of Earned PSUs, if any, based on such performance (and subject to the service-vesting requirements and other terms and conditions of the Plan and Agreement). Such determination shall be final, conclusive and binding on the Participant, and on all other persons, to the maximum extent permitted by law.

  (iii)Adjustments.  Notwithstanding any provision herein to the contrary, the Committee may determine the extent to which measurement of Performance Conditions may exclude the impact of charges for restructuring, discontinued operations, debt redemption or retirement, asset write downs, litigation or claim judgments or settlements, acquisitions or divestitures, foreign exchange gains and losses, and other unusual, non-recurring or unbudgeted items, and the cumulative effects of tax or accounting changes.

  19.Vesting Based on Continued Service.  Except as provided by Sections 2(a) and 2(b) below, Participant must remain in continuous service with the Company Group through the Vesting Date to be entitled to payment for any Earned PSUs.

  (a)Exception for Death or Disability. Notwithstanding any provisions of this Agreement to the contrary, if Participant’s employment or service with the Company Group is terminated due to Participant’s death or Disability prior to the Vesting Date, then for purposes of determining the number of Earned PSUs as of Participant’s death or Disability, the achievement of each Performance Condition shall be deemed achieved at “Target” in accordance with Section 1 of this Schedule I, and Participant shall receive a Pro-rated Portion of the Earned PSUs. In this case, (x) the Company may elect to cause the Earned PSUs to be settled in cash or in Shares based on the Fair Market Value of a Share as of the time of Participant’s death 

  

  or Disability, and (y) any Earned PSUs shall be paid or delivered as soon as administratively practicable (but no more than 30 days) after the Performance Stock Units become vested as specified in this Section 2(a). 

  (b)Exception for a Change in Control. In the event of a Change in Control prior to the Vesting Date, any unvested Performance Stock Units will vest in accordance with this Section 2(b), subject to Participant’s continued employment or service with the Company Group through the Change in Control Date.

  (i)To the extent the Performance Stock Units are assumed, converted or replaced by the resulting entity in the Change in Control, if within two (2) years after the Change in Control Date the Participant’s service with the Company Group or its successor is terminated either (A) by the Company other than for Cause or (B) by the Participant for Good Reason, then the number of Earned PSUs as of the Participant’s termination date shall be determined in accordance with this Section 2(b)(i) and shall vest as of the date of such termination of service:

  (A)The number of Earned Financial Performance PSUs shall be determined based upon the greater of: (A) an assumed achievement of the EPS CAGR and Revenue CAGR Performance Conditions at their “Target” level, or (B) the actual level of achievement of the EPS CAGR and Revenue CAGR Performance Conditions during the Change in Control Financial Performance Period.

  (B)The number of Earned rTSR PSUs shall be determined based upon on the greater of: (A) an assumed achievement of the rTSR Performance Condition at its “Target” level, or (B) the actual level of achievement of the rTSR Performance Condition during the Change in Control rTSR Performance Period.

  (ii)To the extent the Performance Stock Units are not assumed, converted or replaced by the resulting entity in the Change in Control, then the number of Earned PSUs as of the Change in Control Date shall be determined in accordance with this Section 2(b)(ii) and shall vest as of the Change in Control Date:

  (A)The number of Earned Financial Performance PSUs shall be determined based upon the greater of: (A) an assumed achievement of the EPS CAGR and Revenue CAGR Performance Conditions at their “Target” level, or (B) the actual level of achievement of the EPS CAGR and Revenue CAGR Performance Conditions during the Change in Control Financial Performance Period.

  (B)The number of Earned rTSR PSUs shall be determined based upon on the greater of: (A) an assumed achievement of the rTSR Performance Condition at its “Target” level, or (B) the actual level of achievement of the rTSR Performance Condition during the Change in Control rTSR Performance Period.

  (iii)The Company may elect to cause any Earned Financial Performance PSUs and/or Earned rTSR PSUs to be settled in cash or in Shares (subject to any adjustment to the Shares in connection with the Change in Control).  Any Earned PSUs shall be paid or delivered as soon as administratively practicable (but no more than 30 days) after the Performance Stock Units become vested as specified in this Section 2(b).

  20.Definitions. For purposes of this Schedule I, the following terms shall have the following meanings:

  [Applicable Definitions Included Here]

   

  

  Appendix A

   

  Restrictive Covenants

   

  2.Generally. If Participant’s final place of employment is in the State of California, the covenants contained in Section 2(a)(i) and 2(a)(ii)(A) below will not apply.

  21.Non-Competition; Non-Solicitation. 

  (a)Participant acknowledges and recognizes the highly competitive nature of the businesses of the Company and its Subsidiaries and accordingly agrees as follows:

  (i)Non-Compete. For the period of one (1) year after the date on which Participant’s employment or service to the Company Group (as defined below) is terminated for any reason, Participant shall not, within the Geographic Area (as defined below), directly or indirectly own, manage, operate, finance, or be connected as an officer, director, employee, partner, agent or consultant with any business or enterprise which, directly or through an affiliated subsidiary organization, provides services or performs any business activities that are competitive with the business, activities, products or services of the type conducted, authorized, offered, or provided by the Company or any of its direct or indirect Subsidiaries (collectively, the “Company Group”) as of the date of such termination, or with respect to which the Company Group has spent significant time or resources analyzing for the purposes of assessing expansion opportunities by the Company Group, during the twenty-four (24) month period prior to the date of termination (a “Competitive Business”). For purposes of this Agreement, the term “Geographic Area” means any state in which any member of the Company Group is maintaining a business office as of the date on which Participant’s employment or service is terminated.

  (ii)Non-Solicit. For the period of one (1) year after the date on which Participant’s employment or service to the Company Group is terminated for any reason, Participant will not, either directly or indirectly:

  (A)call on or solicit any person, firm, corporation or other entity who or which at the time of such termination was, or within one year prior thereto had been, a customer or provider of the Company Group within the Geographic Area in connection with any of the business activities referred to above; or

  (B)solicit the employment of any person who was employed by the Company Group on a full or part time basis as of the date of such termination unless such person was involuntarily discharged or voluntarily left his or her employment relationship prior to Participant’s termination of employment.

  (iii)Remedies. Participant acknowledges that the provisions set forth in this Appendix A are reasonable and necessary to protect the legitimate interests of the Company or its direct or indirect Subsidiaries, and that a violation of any of those provisions will cause irreparable harm to the Company Group. Participant acknowledges that any member of the Company Group may seek injunctive relief for Participant’s violation of such provisions. Participant represents that Participant’s experience and capabilities are such that the provisions contained in this Appendix A will not prevent Participant from obtaining employment or otherwise earning a living at the same general level of economic benefit as earned with the Company Group. In the event that any of the provisions of this Agreement should ever be adjudicated to exceed the time, geographic, product or service, or other limitations permitted by applicable law in any jurisdiction, then the affected provisions shall be deemed reformed in such jurisdiction to the maximum time, geographic, product or service, or other limitations permitted by applicable law.

  

  (iv)Assignment. The rights and protections of the Company hereunder shall extend and may be assigned to any successors of any member of the Company Group.

  (v)Similar Provisions. Participant acknowledges that any other agreement between Participant and the Company or its direct or indirect Subsidiaries that contains restrictive covenants shall not be superseded by this Agreement, shall remain in full force and effect in accordance with its terms, and such restrictive covenants shall be in addition to, and not superseded by, the provisions of this Appendix A to the extent the provisions of this Appendix A are applicable to Participant.

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