Document:

Exhibit

FORESCOUT TECHNOLOGIES, INC.
AMENDMENT ONE TO THE FORESCOUT TECHNOLOGIES, INC EMPLOYMENT AGREEMENT 

This Amendment  to the Forescout Technologies, Inc. Employment Agreement (“Amendment ”) is made and entered into as of January 1, 2020 (“Effective Date”) by and between Forescout Technologies, Inc., a Delaware corporation having its principal offices at 190 West Tasman Drive, San Jose, CA 95134 (“Forescout”) and Darren Milliken, having his principal offices at 190 West Tasman Drive, San Jose, CA 95134 (“Darren Milliken”). Forescout and Darren Milliken are collectively or individually referred to herein as “Party” or “Parties,” as applicable. 

WHEREAS, the Parties entered into the Forescout Technologies, Inc. Employment Agreement on January 1, 2017 in which Darren Milliken agreed to continue employment with Forescout pursuant to the terms of the Agreement, as may have been amended, amended and restated, supplemented or otherwise modified from time to time in accordance with its provisions (collectively, the “Agreement”). All capitalized terms used herein but not defined shall have the meaning ascribed to them in the Agreement;

WHEREAS, the Initial Employment Term of the Agreement will expire on December 31, 2019. 

WHEREAS, Forescout and Darren Milliken desire to amend the term of the Agreement to renew the term through December 31, 2022. 

WHEREAS, Forescout and Darren Milliken desire to amend the Agreement to reflect Mr. Milliken’s current total compensation.

NOW THEREFORE, the Parties now agree to amend the Agreement as follows:

		
	1.
	In Section 1.1, Term, the following language:

As of the Effective Date, Executive agrees to continue employment with the Company pursuant to the terms of this Agreement. This Agreement shall have an initial term beginning on the Effective Date and expiring on December 31, 2019 (the “Initial Employment Term”). On the last day of the Initial Employment Term, this Agreement will renew automatically for additional, successive one year terms (each, a “Renewal Term”) unless one Party provides the other Party with written notice of non-renewal at least 30 days prior to the date of automatic renewal, in which case this Agreement will expire at the end of the Initial Employment Term or Renewal Term, as applicable (the Initial Employment Term and any successive Renewal Terms during which this Agreement remains in effect, collectively, the “Term”). Non‐renewal at the end of the Initial Employment Term or a Renewal Term shall constitute neither a termination without Cause (as defined below) nor a resignation for Good Reason (as defined below) under this Agreement.

shall be replaced with

As of the Effective Date, Executive agrees to continue employment with the Company pursuant to the terms of this Agreement. This Agreement shall have an initial term beginning on the Effective Date and expiring on December 31, 2019 (the “Initial Employment Term”) and a subsequent term beginning on January 1, 2020 and expiring on December 31, 2022 (the “Current Employment Term”). On the last day of the Current Employment Term, this Agreement will renew automatically for additional, successive one year terms (each, a “Renewal Term”) unless one Party provides the other Party with written notice of non-renewal at least 30 days prior to the date of automatic renewal, in which case this Agreement will expire at the end of the Current Employment Term or Renewal Term, as applicable (the Current Employment Term and any successive Renewal Terms during which this Agreement remains in effect, collectively, the “Term”). Non‐renewal at the end of the Current Employment Term or a Renewal Term shall constitute neither a termination without Cause (as defined below) nor a resignation for Good Reason (as defined below) under this Agreement.

2.   In Section 2.1, Base Salary, the following language:

During the Term, Executive’s initial base salary shall be $304,000.

shall be replaced with

During the Term, Executive’s initial base salary shall be $341,500 USD.

3.    In the case of a direct conflict between the terms contained in this Amendment  and the Agreement, the applicable terms of this Amendment  shall prevail. 

4.    Except as specifically modified and amended herein, all of the terms and conditions contained in the Agreement remain in full force and effect. 

5.    This Amendment , together with the Agreement, constitute the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements, understandings and negotiations, both written and oral, between the Parties with respect to the subject matter contained in this Amendment . No waiver, amendment, or modification of any provision of this Amendment  shall be enforceable against the Parties unless it is in writing and signed by the Parties.

IN WITNESS WHEREOF, the Parties have executed this Amendment Two as of the Effective Date by their duly authorized representatives.

	
					
	 
	 
	 
	 
	 

	Forescout Technologies, Inc.
	 
	Darren J. Milliken

	 
	 
	 
	 
	 

	By:
	/s/ Michael DeCesare
	 
	By:
	/s/ Darren J. Milliken

	Name:
	Michael DeCesare
	 
	Name:
	Darren J. Milliken

	Title:
	Chief Executive Officer
	 
	Title:
	SVP, General Counsel, Corp Secretary & Chief Compliance OfficerExhibit

SUMMARY of 2019 BONUS PLAN
The 2019 Bonus Plan (the “2019 Bonus Plan”) of Forescout Technologies, Inc. (the “Company”) provides for cash bonuses payable semiannually based on the achievement of company performance goals and individual performance goals established by the Company’s board of directors and compensation committee for fiscal year 2019. The company performance goals and individual performance goals are measured over two, semiannual performance periods during 2019. For the fiscal year 2019 performance period, with bonuses payable semiannually, a progress payment may become payable at the end of the first half of fiscal 2019, based on specified levels of achievement of the performance goals for such semiannual period. Any such bonus amount for the first half-portion of the year is capped at 100% of the participant’s target bonus opportunity for such half-year. If the participant exceeds his or her performance goals for the first semiannual performance period, he or she will not receive more than 100% of his or her bonus target for the first semiannual performance period; rather, if a participant exceeds his or her performance goals for the first semiannual performance period, such portion greater than 100% will be taken into account in determining whether the participant’s performance goals were met in the second semiannual performance period. 

For the bonuses paid to employees, other than the CEO and senior vice presidents, the bonus pool will be funded for the performance period when the Company achieves a minimum of 80% for each of revenue, total expense, and balanced scorecard related performance goals. For the bonuses paid to the CEO and senior vice presidents, the bonus pool will be funded for the performance period when the Company achieves a minimum of 85% for each of revenue, total expense, and balanced scorecard related company performance goals. Achievement of all three corporate goals at 100% will fund the bonus pool at the target level. 

Following the end of fiscal year 2019, the Company’s board of directors (or its authorized committee) reviews achievements against each annual performance metric and determines the bonus pool funding based on the Company’s achievements against the performance metrics. The semiannual bonus payments for each of the Company’s named executive officers were calculated based on these determinations and, for any participant that was employed for part of fiscal year 2019, pro-rated based on the time of employment with the Company during fiscal year 2019. The 2019 Bonus Plan requires continued employment through the bonus payment date in order to receive a bonus for the applicable performance period.Exhibit

Exhibit 4.8

NICOLET BANKSHARES, INC.
DESCRIPTION OF REGISTERED SECURITIES

The following description summarizes the material provisions of the Registered Securities we offer. This description is not complete and is subject to, and is qualified in its entirety by reference to our Articles of Incorporation and our Bylaws, each of which is incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this exhibit is a part. We encourage you to read our Articles of Incorporation and our Bylaws, and any amendments thereto, and the applicable provisions of the Wisconsin Business Corporation Law, as amended (the “WBCL”), for additional information.
As of December 31, 2019, our authorized capital stock consisted of 30,000,000 shares of common stock, par value $0.01 per share and 10,000,000 shares of preferred stock, no par value. 
Common Stock 
Each outstanding share of common stock is entitled to one vote on all matters submitted to a vote of shareholders, except that directors are elected by cumulative voting, which means that the number of votes each shareholder may cast is determined by multiplying the number of shares he, she or it owns by the number of directors to be elected. Those votes may be cumulated and cast for a single candidate or may be distributed among two or more candidates in the manner selected by the shareholder. Our Board of Directors is not classified and each director is elected annually. 
All of our outstanding shares of common stock are fully paid and non-assessable. Holders of our common stock do not have preference, conversion, exchange or preemptive rights. Our common stock has no sinking fund or redemption provisions.  We may issue additional shares of authorized common stock without shareholder approval, subject to applicable rules of any stock exchange on which our common stock may be listed.
Computershare, Inc. is the registrar and transfer agent for our common stock. Our common stock is traded on the Nasdaq Capital Market under the symbol “NCBS.”
Preferred Stock
Under our charter, our board of directors has the authority to authorize from time to time, without further shareholder action, the issuance of shares of our preferred stock, in one or more series as the board of directors shall deem appropriate, and to fix the rights, powers and restrictions of the preferred stock by resolution and the filing of an amendment to our charter. 
Certain Effects of Authorized but Unissued Stock
We may issue additional shares of common stock or preferred stock without shareholder approval, subject to applicable rules of any stock exchange on which our stock may be listed, for a variety of corporate purposes, including raising additional capital, corporate acquisitions and employee benefit plans. The existence of unissued and unreserved common and preferred stock may enable us to issue shares to persons who are friendly to current management, which could discourage an attempt to obtain control of the Company through a merger, tender offer, proxy contest or otherwise, and protect the continuity of management and possibly deprive you of opportunities to sell your shares at prices higher than the prevailing market prices. We could also use additional shares to dilute the stock ownership of persons seeking to obtain control of the Company.
Approval of Mergers and Acquisitions
Our Articles of Incorporation currently provide that if our shareholders are required under the WBCL to approve any merger or share exchange of Nicolet with or into any other entity or any sale, lease, exchange or other disposition of substantially all of its assets to any other person or entity, the transaction will require the approval of either: (i) two-thirds of our directors then in office and a majority of our issued and outstanding shares entitled to vote; or (ii) a majority of our directors then in office and two-thirds of our issued and outstanding shares entitled to vote. This provision makes it more difficult for a proposed acquirer to gain control of Nicolet in a transaction that is not supported by two-thirds of our board of directors.

Dividend Rights
Subject to the rights of holders of outstanding shares of preferred stock, if any, all shares of our common stock participate equally in dividends payable to holders of our common stock when and as declared by our Board of Directors in its discretion out of funds legally available for the payment of dividends.  
Liquidation Rights
Subject to the rights of holders of outstanding shares of preferred stock, if any, all shares of our common stock participate equally in net assets legally available for distribution to holders of our common stock on liquidation or dissolution.

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