Document:

exv10w109

	 	 	 	 	 

Exhibit 10.109

Form of Compuware Executive Incentive Plan – Corporate

	 	 	 
	Participant Name:

	 	«EmployeeName»
	Tier:

	 	«Tier»
	Employee Number:

	 	«EENumber»
	Annual Base Salary:

	 	«BaseSalaryUsed»
	Plan Effective Date:

	 	«effecdate»

Purpose

The purpose of the Executive Incentive Plan (the “Plan”) is to motivate Participants to achieve the
annual business plan while positioning the Company for long-term results, and to provide an
opportunity to share in the Company’s success. The Plan is composed of two parts: an Annual
Incentive and a Long-Term Incentive. The Long-Term Incentive includes both a Performance Cash
Award and a Non-Qualified Stock Option Plan.

Administration

This Plan is administered by the Compensation Committee of the Board of Directors (“Committee”).
The decision to make payouts under this Plan is at the Committee’s discretion, subject to Board
approval.

Participant Eligibility

This Plan, effective April 1, ___, through March 31, ___, supersedes all prior company incentive
plans or arrangements. Participation is limited to pre-identified members of management or other
key employees. Senior management must evaluate Participant’s work performance and the overall
performance of the organization as satisfactory for the Participant to be eligible for incentive
awards under this Plan.

Total Sales Commitments and EPS Performance Targets will not be prorated for partial time in
position. Participants who become eligible for the Plan after April 1, ___, will have any earned
awards prorated from the beginning of the month following eligibility for the Plan. Stock options
will only be issued to Participants in the bonus eligible position on or before April 1, ___. Stock
Option information is included on this document for illustrative purposes only.

Participants who transfer out of the Plan to another Compuware position after April 1, ___, will
be eligible to earn a prorated award based on the number of full months of participation.

 

	I.	 	Annual Incentive
	 
	 	 	The Participant is eligible for an Annual Incentive Award equal to «AnnIncPerc» of base salary
(as of August 1, ___) at target. The Annual Incentive Award is based on Total Sales
Commitments and Company Earnings Per Share “EPS” attainment levels.
	 
	 	 	The following schedule presents the targets for each performance category, percentage of payout
and the Annual Incentive Award. Each performance category is independent of the other(s). Award
amounts will be pro-rated between performance levels:

	 	 	 	 	 	 	 	 	 
	 	 	Total Sales	 	 	 	 	 	 
	%	 	Commitments	 	Award	 	EPS	 	Award
	Payout	 	USD	 	<<Currency>>	 	USD	 	<<Currency>>
	50%
	 	X
	 	«TSCAward50»
	 	X
	 	«EPSAward50»
	100%
	 	X
	 	«TSCAward100»
	 	X
	 	«EPSAward100»
	150%
	 	X
	 	«TSCAward150»
	 	X
	 	«EPSAward150»

	 	 	The EPS target and calculation excludes any restructuring charge for Fiscal Year ___.
	 
	 	 	Total Sales Commitments is defined as the sum of product license and maintenance arrangements
closed during the fiscal year plus professional services revenue (which includes application
services revenue). Product license and maintenance arrangements closed during the year are
calculated by taking GAAP software license fees and maintenance fees and adding or subtracting
the net change in deferred license and deferred maintenance revenue.
	 
	 	 	The Annual Incentive Award will be paid as soon as administratively practical following the
close of the fiscal year.
	 
	II.	 	Long-Term Incentive
	 
	 	 	A.     Long-Term Performance Cash Award
	 
	 	 	The Participant is also eligible for a Long-Term Performance Cash Award equal to «LTPCPerc» of
base salary (as of August 1, ___) at target. The Long-Term Performance Cash Award is based upon
performance consistent with the performance measurements used to calculate the Annual Incentive
award.
	 
	 	 	No portion of this award is earned or payable until the end of the second year following the
year the performance is measured and achieved (called the “Base Year”), and is subject to
forfeiture if the Participant is not employed at the time the award is payable (see Termination
of Employment section).
	 
	 	 	The following schedule presents the targets for each performance category, percentage of payout
and the Long-Term Performance Cash Award. Each performance category is independent of the
other(s). Award amounts will be pro-rated between performance levels:

	 	 	 	 	 	 	 	 	 
	 	 	Total Sales	 	 	 	 	 	 
	%	 	Commitments	 	Award	 	EPS	 	Award
	Payout	 	USD	 	<<Currency>>	 	USD	 	<<Currency>>
	50%
	 	X
	 	«LTTSCAward50»
	 	X
	 	«LTEPSAward50»
	100%
	 	X
	 	«LTTSCAward100»
	 	X
	 	«LTEPSAward100»
	150%
	 	X
	 	«LTTSCAward150»
	 	X
	 	«LTEPSAward150»

 

The Long-Term Performance Cash Award will be paid as soon as administratively practical
following the close of the second fiscal year following the completion of the Base Year.

B. Non-Qualified Stock Options (NQSOs)

Each Participant will also receive a number of Non-Qualified Stock Options (NQSOs) in an amount
equal to «NQSOPerc» of his/her base salary (as of August 1, ___) divided by 5. The actual
number of stock options granted to you is «nqsooptions» and may be adjusted as a result of
future stock splits that may occur. The ultimate value of the stock options will depend upon
the performance of the company stock over the option term as well as when the options are
exercised. Stock options will only be issued to Participants in the bonus eligible position on
or before April 1, ___.

The FY’___option grant will be at the strike price of $ x as determined by the closing price
of Compuware common stock on the last stock exchange trading day immediately preceding the grant
date as directed by the Committee. The specific terms and conditions of the stock option grant
will be set forth in a Stock Option Plan and a Stock Option Agreement that you will receive
separately.

Termination of Employment

In the event that Compuware or the Participant voluntarily or involuntarily terminates the
employment of the Participant prior to the payment of the Annual Incentive award or, under the
Long-Term Performance Cash Award prior to the end of the Base Year, the Participant will not
receive any portion of the Annual Incentive award or the Long-Term Performance Cash Award.

If, under the Long-Term Performance Cash Award, the Participant terminates employment before payout
of the award but after the end of the Base Year, no portion of the Long-Term Performance Cash Award
will be paid unless the termination is due to retirement, death, total disability, or reduction in
force. The Executive Vice-President of Human Resources will have the responsibility to interpret
this provision for determining eligibility for payout.

Entitlement to or vesting of option grants, if any, in connection with termination of employment
will be governed by the applicable Stock Option Plan and Stock Option Agreement.

Extraordinary Items

The Committee has the discretion to include or exclude any extraordinary items (i.e. acquisitions,
divestitures, significant changes in accounting, etc.) in the calculation of the Company’s
performance as it applies to the Performance Award.

The appropriate crediting for each transaction will be determined based on United States Generally
Accepted Account Principles (“US GAAP”). Any questions will be resolved by the Finance department.

General

The Plan, together with any subsequent correspondence issued by the Committee, shall constitute the
entire agreement between Compuware and the Participant and supersedes all contradictory terms,
representations or claims, whether written or oral. Awards will be paid only if the Participant
signs a copy of the Plan and returns it to Compuware. Compuware reserves the right to change or
discontinue this Plan for business or economic reasons at any time without prior notice. Nothing
in the Plan is intended to confer upon the Participant any right to continued employment.

 

If any dispute arises concerning payments to the Participant under the terms of this Plan, the
Participant agrees not to initiate legal action until he or she has first presented such concerns
directly to the Committee in writing, and until the Committee has a reasonable time in which to
review and address those concerns. No legal action arising out of this Plan may be brought by
either party more than one year after the cause of action has occurred. This Plan shall be
construed, interpreted, and governed by the laws of «country». In the event of legal action, the
prevailing party shall be entitled to receive from the opposing party the costs incurred in such
legal action, including but not limited to reasonable attorney’s fees.

Accepted:

	 	 	 	 	 
	 
	«EmployeeName»
	 	Date
	 
	 	 	 	 
	 
	 
	 
	Laura Fournier
	 	Date
	CFO & Executive Vice President, Human Resources
	 	 	 	 

 

	 	 	 
	Participant Name:

	 	«EmployeeName»
	Annual Base Salary:

	 	«BaseSalaryUsed»
	NQSO Granted:

	 	«nqsooptions»
	 

	 	(must be a Participant as of April 1, ___to be eligible for FY’___NQSO)

Annual Awards

Target Annual Component Value (Total Sales Commitments): «TSCAward100»

Target Annual Component Value (EPS): «EPSAward100»

	 	 	 	 	 	 	 
	 	 	If Minimum Attainment	 	If Target Attainment	 	If Maximum
	 	 	Achieved	 	Achieved	 	Attainment Achieved
	 	 	50% of Target	 	100% of Target	 	150% of Target
	 	 	Component Value is paid	 	Component Value is paid	 	Component Value is paid
	Total Sales Commitment
	 	«TSCAward50»	 	«TSCAward100»	 	«TSCAward150»
	 
	 	 	 	 	 	 
	EPS
	 	«EPSAward50»	 	«EPSAward100»	 	«EPSAward150»
	 
	 	 	 	 	 	 
	Total Annual Award
	 	«TotalAnnAmt50»	 	«TotalAnnAmt100»	 	«TotalAnnAmt150»

Long-Term Awards

Target Long-Term Component Value (Total Sales Commitments): «LTTSCAward100»

Target Long-Term Component Value (EPS): «LTEPSAward100»

	 	 	 	 	 	 	 
	 	 	If Minimum Attainment	 	If Target Attainment	 	If Maximum Attainment
	 	 	Achieved	 	Achieved	 	Achieved
	 	 	50% of Target	 	100% of Target	 	150% of Target
	 	 	Component Value is paid	 	Component Value is paid	 	Component Value is paid
	Total Sales Commitment
	 	«LTTSCAward50»	 	«LTTSCAward100»	 	«LTTSCAward150»
	 
	 	 	 	 	 	 
	EPS
	 	«LTEPSAward50»	 	«LTEPSAward100»	 	«LTEPSAward150»
	 
	 	 	 	 	 	 
	Total Long-Term Award
	 	«TotalLTAmt50»	 	«TotalLTAmt100»	 	«TotalLTAmt150»

For illustrative purposes only

Note: Stock options will only be issued to Participants in the bonus eligible position on or before
April 1, ___.EX-10.1

Exhibit 10.1

EXECUTION COPY

[PEABODY]

FIFTH AMENDMENT TO AMENDED AND RESTATED

RECEIVABLES PURCHASE AGREEMENT

     THIS FIFTH AMENDMENT TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Amendment”), dated as of April 11, 2008, is entered into among P&L RECEIVABLES COMPANY,
LLC (the “Seller”), PEABODY ENERGY CORPORATION, (the “Servicer”), the various
Sub-Servicers listed on the signature pages hereto (the “Sub-Servicers”), Market Street
Funding LLC (as successor to Market Street Funding Corporation, the “Issuer”), all LC
Participants listed on the signature pages hereto (the “LC Participants”), and PNC BANK,
NATIONAL ASSOCIATION, as Administrator (the “Administrator”) and as LC Bank (the “LC
Bank”).

RECITALS

     1. The parties hereto are parties to the Amended and Restated Receivables Purchase Agreement,
dated as of September 30, 2005 (as amended, amended and restated, supplemented or otherwise
modified through the date hereof, the “Agreement”); and

     2. The parties hereto desire to amend the Agreement as hereinafter set forth.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

     SECTION 1. Certain Defined Terms. Capitalized terms that are used but not defined
herein shall have the meanings set forth in the Agreement.

     SECTION 2. Amendments to the Agreement.

     (a) The definition of “Monthly Settlement Date” set forth in Exhibit I to the
Agreement is hereby amended and restated in its entirety as follows:

     “Monthly Settlement Date” means (a) for any calendar month other than
the calendar months of November 2007, December 2007, January 2008, February 2008,
March 2008 or April 2008, the twenty-first day of such calendar month (or the next
succeeding Business Day if such day is not a Business Day), beginning March 21, 2002
and (b) for each of the calendar months of November 2007, December 2007, January
2008, February 2008, March 2008 and April 2008, the twenty-fifth day of such
calendar month (or the next succeeding Business Day if such day is not a Business
Day).

     SECTION 3. Representations and Warranties. Each of the Seller, the Servicer and the
Sub-Servicers hereby represents and warrants to the Administrator and the Purchasers as follows:

(a) Representations and Warranties. The representations and warranties made by it in
the Transaction Documents are true and correct as of the date hereof (unless stated to relate

 

solely to an earlier date, in which case such representations or warranties were true and correct
as of such earlier date).

(b) Enforceability. The execution and delivery by such Person of this Amendment, and
the performance of each of its obligations under this Amendment and the Agreement, as amended
hereby, are within each of its corporate powers and have been duly authorized by all necessary
corporate action on its part. This Amendment and the Agreement, as amended hereby, are such
Person’s valid and legally binding obligations, enforceable in accordance with its terms.

(c) No Default. Both before and immediately after giving effect to this Amendment and
the transactions contemplated hereby, no Termination Event or Unmatured Termination Event exists or
shall exist.

     SECTION 4. Effect of Amendment. All provisions of the Agreement, 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
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.

     SECTION 5. Effectiveness. This Amendment shall become effective as of the date hereof
upon receipt by the Administrator of:

(a) counterparts of this Amendment executed by each of the other parties hereto (including
facsimile or electronic copies); and

(b) such other documents and instruments as the Administrator may reasonably request.

     SECTION 6. 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.

     SECTION 7. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of Illinois.

     SECTION 8. 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.

[Signatures begin on next page]

- 2 -

 

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

	 	 	 	 	 	 	 
	 	 	P&L RECEIVABLES COMPANY, LLC, as Seller	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 

/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 

	 	Name:	 	Walter L. Hawkins, Jr.	 	 
	 

	 	Title:	 	Treasurer & VP	 	 
	 
	 	 	 	 	 	 
	 
	 	 	PEABODY ENERGY CORPORATION, as Servicer

 
	 	 	By:  /s/ Walter L.
Hawkins, Jr.
 

	 	 	Name: 	Walter L. Hawkins, Jr.
	 	 	Title: 	Treasurer & VP
	 

					
	 	 	 	 	 
	 
	 	 	 	Fifth Amendment to A&R RPA (Peabody)

S-1

 

	 	 	 	 	 	 	 
	 	 	ARCLAR COMPANY, LLC,

as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 	 	Name:  Walter
L. Hawkins, Jr.	 	
	 	 	Title:    Treasurer & VP	 	
	 
	 	 	 	 	 	 
	 	 	BLACK BEAUTY COAL COMPANY, LLC	 	 
	 	 	as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 

	 	
 
	 	 
	 	 	Name:  Walter
L. Hawkins, Jr.	 	 
	 	 	Title:   
Treasurer &  VP	 	 
	 
	 	 	 	 	 	 
	 	 	CABALLO COAL COMPANY,	 	 
	 	 	as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 	 	Name:  Walter
L. Hawkins, Jr.	 	 
	 	 	Title:   
Treasurer & VP	 	 

					
	 	 	 	 	 
	 
	 	 	 	Fifth Amendment to A&R RPA (Peabody)

S-2

 

	 	 	 	 	 	 	 
	 	 	COALSALES, LLC,	 	 
	 	 	as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 	 	Name:  Walter L. Hawkins, Jr.	 	 
	 	 	Title:   
Treasurer & VP	 	 
	 
	 	 	 	 	 	 
	 	 	COALSALES II, LLC,	 	 
	 	 	as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 	 	Name:  Walter L. Hawkins, Jr.	 	 
	 	 	Title:   
Treasurer & VP	 	 
	 
	 	 	 	 	 	 
	 	 	COALTRADE, LLC,	 	 
	 	 	as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 	 	Name:  Walter L. Hawkins, Jr.	 	 
	 	 	Title:   
Treasurer & VP	 	 
	 
	 	 	 	 	 	 
	 	 	COALTRADE INTERNATIONAL, LLC,	 	 
	 	 	as Sub-Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Walter L. Hawkins, Jr.	 	 
	 
	 	
 
	 	 
	 	 	Name:  Walter L. Hawkins, Jr.	 	 
	 	 	Title:   
Treasurer & VP	 	 

					
	 	 	 	 	 
	 
	 	 	 	Fifth Amendment to A&R RPA (Peabody)

S-3

 

	 	 	 	 	 
	 	PEABODY HOLDING COMPANY, LLC, 

as Sub-Servicer

 	 
	 	By:  /s/ Walter L.
Hawkins, Jr.
 
	 
	 	Name:  Walter L.
Hawkins, Jr.	 	 	 
	 	Title:    Treasurer &  VP	 
	 
	 	PEABODY WESTERN COAL COMPANY, 

as Sub-Servicer

 	 
	 	By:  /s/ Walter L.
Hawkins, Jr.
 
	 
	 	Name:  Walter L.
Hawkins, Jr.	 	 	 
	 	Title:    Treasurer &  VP	 
	 
	 	POWDER RIVER COAL, LLC 

as Sub-Servicer

 	 
	 	By:  /s/ Walter L.
Hawkins, Jr.
 
	 
	 	Name:  Walter L.
Hawkins, Jr.	 	 	 
	 	Title:    Treasurer &  VP	 
	 
	 	TWENTYMILE COAL COMPANY, 

as Sub-Servicer

 	 
	 	By:  /s/ Walter L.
Hawkins, Jr.
 
	 
	 	Name:  Walter L.
Hawkins, Jr.	 	 	 
	 	Title:    Treasurer &  VP	 
	 

					
	 	 	 	 	 
	 
	 	 	 	Fifth Amendment to A&R RPA (Peabody)

S-4

 

	 	 	 	 	 
	 	MARKET STREET FUNDING LLC, as Issuer

 	 
	 	By:  /s/ Doris J. Hearn
 
	 
	 	Name:  	 	Doris J. Hearn 	 
	 	Title:  	 	Vice President	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION, 

as Administrator

 	 
	 	By:  /s/ William P. Falcon
 
	 
	 	Name:  	 	William P. Falcon	 
	 	Title:  	 	Vice President	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION, 

as the LC Bank and as an LC Participant

 	 
	 	By:  /s/ Richard C.
Munsick
 
	 
	 	Name:  	 	Richard C.
Munsick	 
	 	Title:  	 	Sr. Vice President	 
	 

					
	 	 	 	 	 
	 
	 	 	 	Fifth Amendment to A&R RPA (Peabody)

S-5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00145-of-00352.parquet"}]]