Document:

exhibit10-36.htm

    
       

       

    

    Exhibit
10.36

    

    Form of
Amendment to Restricted Stock Unit Award Agreement

    

    

    

    THIS
AMENDMENT TO RESTRICTED STOCK UNIT AWARD AGREEMENT (“Amendment”), dated as of
January 21, 2010, is between IntegraMed America, Inc., a
Delaware corporation (the “Company”), and _________________., an
individual resident of the State of _______________
(“Employee”).  This Amendment amends, in part, the terms and
conditions of a January 2, 2009 restricted stock unit award (the “Agreement”)
granted under the Company’s 2007 Long-Term Compensation
Plan.  Capitalized terms that are not defined in this Amendment shall
have the meaning ascribed to such terms in the Plan or the
Agreement.

     

    RECITALS:

     

    The
Agreement granted to Employee an award of Restricted Stock Units (the “Units”)
for the right to receive shares of the Company’s common stock, par value $.01,
(the “Shares”) on the terms and subject to the conditions set forth in the
Agreement.

     

    The
Agreement provided for the Units to vest and become the right to receive the
Shares in the event the Company’s 2009 Earnings Before Income Taxes,
Depreciation and Amortization are greater than $17,140,768.00 as reflected in
the audited financial statements for the Company’s 2009 fiscal year (the
“Triggering Event”).

     

    The
Agreement provided that in case the Triggering Event resulted in the Units being
converted to the Shares, Employee would vest in the Shares upon receipt;
however, the parties which to change the vesting schedule for such Shares
providing for the Shares to vest over a 36-month period.

     

    NOW,
THEREFORE, in consideration of the premises and mutual covenants herein
contained, the parties hereto agree as follows:

     

    1.           Section
3 of the Agreement is hereby deleted in its entirety and restated as
follows:

     

    3.           Vesting.

     

    (a)           Subject to the terms and conditions
of this Agreement, the Restricted Stock Units awarded hereunder to Employee
shall vest and become the right to receive Shares in the event the Company’s
2009 Earnings Before Income Taxes, Depreciation and Amortization is greater than
$17,140,768.00 as reflected in the audited financial statements for the
Company’s 2009 fiscal year.

     

    (b)           Employee
shall vest in the Shares at a rate of 8.33% every 90 days over a 36-month period
(the “Divestiture Period”) so that Employee is fully vested in the Shares three
years from the date of confirmation that the Company’s audited financial
statements for the Company’s 2009 fiscal year
show that Earnings Before Income Taxes, Depreciation and Amortization are
greater than $17,140,768.00. If Employee’s Date of Termination occurs during the
Divestiture Period, Employee shall be obligated to return a pro-rata portion of
the Shares based on a vesting in the Shares at the rate of 8.33% each 90-day
period during the Divestiture Period. Notwithstanding the foregoing, Employee
shall become owner of the Shares free of all restrictions otherwise imposed by
this Agreement, prior to the end of the Divestiture Period, as
follows:

    

    (i)           Employee
shall become fully vested in the Shares as of Employee’s Date of Termination
prior to the date the Shares would otherwise become fully vested, if Employee’s
Date of Termination occurs by reason of Employee’s death or
disability.

    

    (ii)           Employee
shall become fully vested in the Shares as of the date of a “Change in Control,”
if the “Change in Control” occurs prior to the end of the Divestiture Period,
and Employee’s Date of Termination does not occur before the “Change of Control”
date.

    

    (iii)           The
Compensation Committee of the Board of Directors, in its sole discretion, may
accelerate the vesting of some or all unvested Shares in the event Employee’s
employment is terminated for reasons other than “cause.” For purposes of this
Agreement “cause” means termination because Employee (A) is indicted for
committing a felony or a decision or determination is rendered by any court or
governmental authority that Employee has committed any act involving fraud,
dishonesty, breach of trust or moral turpitude, (B) willfully breaches
Employee’s duty of loyalty to, or commits an act of fraud or dishonesty, upon
the Company, one of its Subsidiaries or affiliates, including a Fertility
Centers Division Partner or a Vein Clinic, (C) demonstrates gross negligence,
willful misconduct or insubordination, (D) in the reasonable judgment of the
Board of Directors, engages in personal misconduct of such a material nature as
to render Employee’s presence as an executive of the Company detrimental to the
Company and its reputation, (E) commits a material breach of or default under
Employee’s employment duties, and Employee fails to cure such breach or default
within ten (10) days after prior written notice thereof from
the  Company, or (F) commits a material breach of, or default under,
any non-disclosure, confidentiality, non-competition, non-enticement of
Executives (including non-solicitation, non-employment, non-retention or
non-engagement of Executives) or similar agreement, obligation or covenant
heretofore or hereafter entered into with or for the benefit of the
Company.

    

     

    2.           All
other provisions of the Agreement, not in conflict with this Amendment remain in
full force and effect.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto executed  this Agreement on the
day and year first above written.

     

    

    

    IntegraMed
America, Inc.

    

    

    

    
      	
              By:

            	 
      
	 
      	
              Claude
      E. White, Vice President

            

    

    

    

    

    
      	
              Employee:Unassociated Document

    Exhibit
10.1

    

    AMENDMENT
NO. 3 TO THE

    3-YEAR
CREDIT AGREEMENT

    

    Dated as of January 22,
2010

    

    AMENDMENT NO. 3 TO THE 3-YEAR CREDIT
AGREEMENT (this “Amendment”) dated as
of January 22, 2010 among The Interpublic Group of Companies, Inc., a Delaware
corporation (the “Company”), the banks,
financial institutions and other institutional lenders parties to the Credit
Agreement referred to below (collectively, the “Lenders”) and
Citibank N.A., as administrative agent (the “Agent”) for the
Lenders.

    

    PRELIMINARY STATEMENTS:

    

    (1)           The
Company, the Lenders and the Agent have entered into a 3-Year Credit Agreement
dated as of July 18, 2008 and amended as of May 13, 2009 and as of June 5, 2009
(as so amended, the “Credit
Agreement”).  Capitalized terms used in this Amendment and not
otherwise defined in this Amendment shall have the same meanings as specified in
the Credit Agreement.

    

    (2)           The
Company, the Required Lenders and the Agent have agreed to amend the Credit
Agreement as hereinafter set forth.

    

    SECTION
1. Amendments to the Credit
Agreement.  The Credit Agreement is, effective as of the date
set forth above and subject to the satisfaction of the conditions precedent set
forth in Section 2, hereby amended as follows:

     

    
      	(a) 	
               

            	
              Section
      5.03(b) is deleted in its entirety and replaced by the
      following:

            

    

    

    “(b)           Leverage
Ratio.  Maintain, as of the end of the fiscal quarter ended
September 30, 2008 and as of the end of each fiscal quarter thereafter, a
Leverage Ratio of not greater than the ratio set forth opposite such fiscal
quarter below:

    

    
      	
              Fiscal Quarter Ending

            	
              Ratio

            
	
              September
      30, 2008

            	
              3.50
      to 1

            
	
              December
      31, 2008

            	
              3.50
      to 1

            
	
              March
      31, 2009

            	
              3.25
      to 1

            
	
              June
      30, 2009

            	
              3.25
      to 1

            
	
              September
      30, 2009

            	
              3.25
      to 1

            
	
              December
      31, 2009

            	
              3.75
      to 1

            
	
              March
      31, 2010

            	
              3.75
      to 1

            
	
              June
      30, 2010

            	
              3.50
      to 1

            
	
              September
      30, 2010 and thereafter

            	
              3.25
      to 1

            

    

    

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

    
      	(b)	
               

            	
              

                Section
      5.03(c) is amended by adding the following proviso to the end
      thereof:

              

            

    

    

    “; provided further that such
Consolidated EBITDA may as of the end of the fiscal quarters ended December 31,
2009 and March 31, 2010 be less than $550,000,000 but shall not be less than
$520,000,000.”

    

    SECTION
2. Conditions of
Effectiveness.  This Amendment shall become effective as of the
date first above written when, and only when, the Agent shall have received
counterparts of this Amendment executed by the Company and the Required Lenders
or, as to any of the Lenders, advice satisfactory to the Agent that such Lender
has executed this Amendment.

     

    SECTION
3. Representations and
Warranties of the Company.  The Company represents and warrants
as follows:

     

    (a) The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware, and has all corporate powers and all
material governmental licenses, authorizations, consents and approvals required
to carry on its business.

     

    (b) The
execution, delivery and performance by the Company of this Amendment and the
Credit Agreement and each of the Notes, as amended hereby, are within the
Company’s corporate powers, have been duly authorized by all necessary corporate
action, and do not contravene, or constitute a default under, any provision of
applicable law or regulation or of the certificate of incorporation of the
Company or of any judgment, injunction, order, decree, material agreement or
other instrument binding upon the Company or result in the creation or
imposition of any Lien on any asset of the Company or any of its Consolidated
Subsidiaries.

     

    (c) No
authorization or approval or other action by, and no notice to or filing with,
any governmental authority or regulatory body or any other third party is
required for the due execution, delivery and performance by the Company of this
Amendment or the Credit Agreement and the Notes, as amended hereby.

     

    (d) This
Amendment has been duly executed and delivered by the Company.  This
Amendment and each of the Credit Agreement and the Notes, as amended hereby, are
legal, valid and binding obligations of the Company, enforceable against the
Company in accordance with their respective terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting the
rights of creditors generally and subject to general principles of
equity.

     

    (e) There is
no action, suit, investigation, litigation or proceeding pending against, or to
the knowledge of the Company, threatened against the Company or any of its
Consolidated Subsidiaries before any court or arbitrator or any governmental
body, agency or official in which there is a significant probability of an
adverse decision that (i) would have a 

      
        
           

        

        
          2

          
            

          

        

        
           

        

      
Material Adverse Effect or (ii) purports to affect the
legality, validity or enforceability of this Amendment, the Credit Agreement or
any Note or the consummation of the transactions contemplated
hereby.

     

    
      	 
      

    

    SECTION
4. Reference to and Effect on
the Credit Agreement and the Notes.

     

    (a)           On
and after the effectiveness of this Amendment, each reference in the Credit
Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import
referring to the Credit Agreement, and each reference in the Notes to “the
Credit Agreement”, “thereunder,” “thereof” or words of like import referring to
the Credit Agreement, shall mean and be a reference to the Credit Agreement, as
amended by this Amendment.

     

    (b)           The
Credit Agreement and the Notes, as specifically amended by this Amendment, are
and shall continue to be in full force and effect and are hereby in all respects
ratified and confirmed.

     

    (c)           The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any Lender or the Agent under the Credit Agreement, or constitute a waiver of
any provision of the Credit Agreement.

     

    

     

    SECTION
5. Costs and
Expenses.  The Company agrees to pay on demand all reasonable
costs and expenses of the Agent in connection with the preparation, execution,
delivery and administration, modification and amendment of this Amendment and
the other instruments and documents to be delivered hereunder (including,
without limitation, the reasonable fees and expenses of counsel for the Agent)
in accordance with the terms of Section 9.04 of the Credit
Agreement.

     

    SECTION
6. Execution in
Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.  Delivery of an
executed counterpart of a signature page to this Amendment by telecopier shall
be effective as delivery of a manually executed counterpart of this
Amendment.

     

    SECTION
7. Governing
Law.  This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York without giving effect to
conflicts of law provisions that might require the application of the laws of a
different jurisdiction.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
      IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by
their respective officers thereunto duly authorized, effective as of the date
first above written.

       

      THE INTERPUBLIC GROUP OF COMPANIES,
INC.

      

      By: /s/ Ellen
Johnson

      Title:  Senior Vice
President and Treasurer

      

      CITIBANK, N.A.,

          as Agent, as
Lender and as Issuing Bank

      

      By: /s/ Shannon
Sweeney

      Title:  Vice
President

      

      JPMORGAN CHASE BANK, N.A.

      

      

      By: /s/ Michelle Cipriani

      Title:  Vice
President

      

      HSBC BANK, USA, NATIONAL
ASSOCIATION

      

      

      By: /s/ Thomas T.
Rogers

      Title:  Senior Vice
President

      

      MORGAN STANLEY BANK

      

      

      By: /s/ Ryan
Vetsch

      Title:  Authorized
Signatory

      

      UBS LOAN FINANCE LLC

      

      

      By: /s/ Irja
Otsa

      Title:  Associate
Director

      

      By: /s/ Mary E. Evans

      Title:  Associate
Director

      

      ING CAPITAL FINANCE

      

      

      By: /s/ Bill
James

      Title:  Managing
Director

    
      
         

      

      
        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]