Document:

Exhibit 10.65

 

TOWER INTERNATIONAL, INC. 

PERFORMANCE AWARD AGREEMENT 

This Performance
Award Agreement (the “Agreement” or “Award Agreement”), dated as of the “Award Date” set forth
in the attached Exhibit A, is entered into between Tower International, Inc., a Delaware corporation (the “Company”),
and the individual named in Exhibit A hereto (the “Awardee”). For purposes of this Agreement, the information
referenced in Exhibit A shall be as provided to the Awardee electronically via the website made accessible to the Awardee
to accept the terms and conditions of this Award as set forth herein.

WHEREAS, the Company
desires to provide the Awardee an incentive to participate in the long-term success and growth of the Company; and

WHEREAS, to give
effect to the foregoing intention, the Company desires to make an incentive bonus award to the Awardee that constitutes “qualified
performance-based compensation” under Section 162(m) of the Code pursuant to Section 14 of the Tower International, Inc.
2010 Equity Incentive Plan (the “Plan”).

NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree
as follows:

1.        Award.
The Company hereby awards the Awardee a cash-based award (the “Performance Award”) for the performance period set forth
in Exhibit A (the “Performance Period”) (which, for administrative purposes, the Company may denominate as a
number of units of equivalent notional value). The target amount of the Performance Award is set forth in Exhibit A (the
“Target Award Amount”). The actual dollar amount of the Performance Award paid hereunder is dependent upon the satisfaction
of the performance conditions set forth in Section 2 below and may range from zero to two hundred percent (200%) of the Target
Award Amount. The Performance Award represents an unfunded, unsecured obligation of the Company. The Performance Award shall be
subject to the terms and conditions set forth in this Agreement and the provisions of the Plan, the terms of which are incorporated
herein by reference. Capitalized terms used but not otherwise defined herein shall have the meanings as set forth in the Plan.

2.         Earning
of Performance Award. Fifty percent (50%) of the Performance Award shall be earned based upon the Company Adjusted EPS Growth
Rate (as hereinafter defined) for the Performance Period (as hereinafter defined) (the “EPS Award”), and the remaining
fifty percent (50%) of the Performance Award shall be earned based upon the Company TSR Percentile for the Performance Period (the
“TSR Award”). Subject to Section 4 and Section 5 below, at the end of the Performance Period, the Committee will determine
the Company’s attained levels of performance with respect to the Company Adjusted EPS Growth Rate and TSR Percentile and
determine the total dollar amount of the EPS Award and the TSR Award earned, if any, by the Awardee for the Performance Period
(collectively, the “Earned Performance Award”) by reference to the following performance matrix:

 

    	 

    	 

    

  

	Earned Performance Award
	 	 	Threshold	 	 	Target	 	 	Maximum	 
	Earned EPS Award or TSR Award (as applicable) *	 	 	50	%	 	 	100	%	 	 	200	%
	Company Adjusted EPS Growth Rate	 	 	2	%	 	 	7	%	 	 	12	%
	Company TSR Percentile	 	 	25	th	 	 	50	th	 	 	75	th

 

* As a % of the portion
of the Target Award Amount attributable to the EPS Award or TSR Award, as applicable.

 

If, at the end of the Performance Period, the
threshold, target or maximum level of performance set forth in the performance matrix above has been attained for either or both
of the Company Adjusted EPS Growth Rate or the Company TSR Percentile, the Awardee will be entitled to receive payment pursuant
to Section 3 below for the total amount of the Earned Performance Award, subject to the Awardee’s Continuous Service with
the Company or any of its Subsidiaries through the Payment Date. If the attained level of performance for either performance goal
is between the threshold and target, or between the target and maximum, the total amount of the Earned Performance Award for such
performance goal will be determined by straight-line interpolation. If the attained level of one of the performance goals above
is less than the threshold performance goal, then no portion of the Performance Award subject to that performance goal shall be
earned or paid.

3.         Form and
Timing of Payment. Except as otherwise provided in Sections 4, 5 or 6 below, the total amount of the Earned Performance Award
shall be paid by the Company to the Awardee in cash, less applicable tax withholdings, following certification by the Committee
of the attainment of the performance goals set forth in Section 2 for the Performance Period; provided that the Awardee remains
in the Continuous Service of the Company or any of its Subsidiaries through the date such payment is made (the “Payment Date”);
provided, further, however, that if the Awardee is or becomes Retirement Eligible at any time prior to March 15 of the year following
the expiration of the Performance Period (the “Short-Term Deferral Date”), then the Payment Date shall be no later
than such Short-Term Deferral Date.

 

4.         Termination
of Employment. Notwithstanding the provisions of Section 2 and Section 3 above, in the event that the Awardee’s Continuous
Service with the Company and/or its Subsidiaries is terminated after the completion of the first calendar year of the Performance
Period but prior to the Payment Date: (i) by the Company and/or its Subsidiaries without Cause (as hereinafter defined) or (ii)
due to the Awardee’s death or Disability (as hereinafter defined), not more than two and one-half months after the calendar
year during which the Awardee’s termination date occurs, the Company shall pay the Awardee an amount in cash, less applicable
tax withholdings, equal to the product of: (1) the total amount of the Performance Award that would have been earned had the Performance
Period ended as of the December 31st immediately prior to the date on which the Awardee’s Continuous Service terminated
(determined based on the actual Company Adjusted EPS Growth Rate and the Company TSR Percentile from the beginning of the Performance
Period through such December 31st), and (2) a fraction, of which (x) the numerator is the number of completed calendar
months during the Performance Period that the Awardee is in Continuous Service with the Company or any of its Subsidiaries prior
to the date of termination, and (y) the denominator is thirty-six (36); and the remaining portion of the Performance Award shall
be forfeited. Except as provided above or in Section 5, in the event that the Awardee’s Continuous Service with the Company
or any of its Subsidiaries terminates prior to the Payment Date (which, for the avoidance of doubt, includes any termination that
occurs during the first calendar year of the Performance Period), the entire Performance Award shall be forfeited.

 

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5.         Retirement.
Notwithstanding the provisions of Sections 2, 3 and 4 above, if the Awardee is Retirement Eligible and his or her Continuous Service
with the Company and/or its Subsidiaries terminates after the first year of the Performance Period but prior to the Short-Term
Deferral Date other than by reason of the Awardee’s termination of Continuous Service by the Company or any of its Subsidiaries
for Cause or under any of the circumstances covered by Section 4, then the Awardee shall remain eligible to receive a Performance
Award on the Payment Date to the extent, if any, that such Performance Award is determined by the Committee to be an Earned Performance
Award for the Performance Period pursuant to Section 2; provided, however, that if such Awardee’s Continuous Service with
the Company and/or its Subsidiaries terminates prior to the expiration of the Performance Period, the amount of any such Earned
Performance Award shall be prorated to reflect the portion of the Performance Period during which the Awardee was in the Continuous
Service of the Company and/or its Subsidiaries by multiplying the amount of the Earned Performance Award by a fraction, the numerator
of which is the number of completed calendar months during the Performance Period that the Awardee was in Continuous Service with
the Company or any of its Subsidiaries prior to the date of termination, and the denominator of which is thirty-six (36).

6.         Change in
Control. Notwithstanding the provisions of Section 2 and Section 3 above, if a Change in Control (as hereinafter defined) occurs
during the Performance Period and while the Awardee is in the Continuous Service of the Company or any of its Subsidiaries, not
more than sixty (60) days following the Change in Control, the Company shall pay the Awardee an amount in cash, less applicable
tax withholdings, equal to the product of: (1) the Target Award Amount, and (2) a fraction, of which (1) the numerator is the number
of completed calendar months during the Performance Period prior to the Change in Control, and (2) the denominator is thirty-six
(36); and the remaining portion of the Performance Award shall be forfeited.

7.         Transfer
Restrictions. Neither this Agreement nor the Performance Award may be sold, assigned, pledged or otherwise transferred or encumbered
without the prior written consent of the Committee.

8.         Withholding
Taxes. The Awardee authorizes the Company to withhold from any payment due hereunder, the amount of withholding taxes due any
federal, state or local authority in respect of such payment and to take such other action as may be necessary in the opinion of
the Company to satisfy all obligations for the payment of such withholding taxes.

 

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9.         Awardee
Representations. The Awardee has reviewed with his or her own tax advisors the federal, state, local and foreign tax consequences
of the transactions contemplated by this Agreement. The Awardee is relying solely on such advisors and not on any statements or
representations of the Company or any of its agents, if any, made to the Awardee. The Awardee understands that the Awardee (and
not the Company) shall be responsible for the Awardee’s own tax liability arising as a result of the transactions contemplated
by this Agreement.

10.       Employment.
The Awardee acknowledges and agrees that (i) nothing in this Agreement or the Plan confers on the Awardee any right to continue
an employment, service or consulting relationship with the Company, nor shall it affect in any way the Awardee’s right or
the Company’s right to terminate the Awardee’s employment, service, or consulting relationship at any time, with or
without Cause (as hereinafter defined); and (ii) the Company would not have granted this Award to the Awardee but for these
acknowledgements and agreements.

11.       Definitions.
For purposes of this Agreement, the following terms have the meanings set forth below:

a.          “Cause”
means, as determined by the Company, (i) conviction of or plea of nolo contendere to a felony by the Awardee; (ii) acts of dishonesty
by the Awardee resulting in personal gain or enrichment at the expense of the Company or its Subsidiaries or the affiliates of
the Company and its Subsidiaries; (iii) conduct by the Awardee in connection with his duties to the Company and/or its Subsidiaries
that is fraudulent, unlawful, grossly negligent, disloyal or otherwise contrary to the best interests of the Company and/or its
Subsidiaries; (iv) engaging in inappropriate personal conduct by the Awardee including, but not limited to, harassment discrimination,
or the use or possession at work of any illegal controlled substance; (v) contravention of specific lawful direction from the Board
or supervisor or continuing failure by the Awardee to perform his duties to the Company or its Subsidiaries, or (vi) breach of
any non-disclosure, non-competition, non-solicitation or other similar agreement executed by the Awardee for the benefit of the
Company or any of its Subsidiaries; provided that, at the Company’s discretion, the Awardee may have up to fifteen (15) days
after notice from the Company to cure the deficiency leading to the Cause determination (except with respect to (i) above), if
curable. A termination for “Cause” shall be effective immediately (or on such other date set forth by the Company).

b.       “Change
in Control” shall have the meaning ascribed thereto in the Plan as of the date hereof.

c.      “Company
Adjusted EPS” shall mean the EPS of the Company for a specified period, after adjustments thereto (i) to exclude the
effect of extraordinary, unusual and/or nonrecurring items and (ii) solely to the extent permitted under Section 17 below, to reflect
such other factors as the Committee deems appropriate to fairly reflect earnings per share. For the avoidance of doubt, the Company
Adjusted EPS for each fiscal year is intended to be the same as reported in the Company’s fourth quarter earnings presentation
for the relevant fiscal year.

 

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d.      “Company
Adjusted EPS Growth Rate” shall mean the cumulative Company Adjusted EPS for the specified period divided by the number
of fiscal years in the specified period, stated in terms of a percentage growth rate. For the avoidance of doubt, the Company
Adjusted EPS Growth Rate shall be calculated on the basis of the Company Adjusted EPS for the fiscal year prior to the specified
period.

e.      “Company
TSR Percentile” shall mean the percentile ranking as determined by the Committee on the basis of the Total Shareholder
Return for each of the Peer Group Companies, including the Company.

f.      “Continuous
Service” shall mean the absence of any interruption or termination of service as an employee, director, consultant, advisor
or other individual service provider; provided, however, that periods of absence to the extent permitted by Company policies due
to vacations, holidays, sick days, short term disability and other approved absences, will not be considered to be an interruption
or termination of service hereunder. Changes in status between service as an employee, director, consultant, advisor or other individual
service provider to the Company or any of its Subsidiaries will not constitute an interruption of service.

g.      “Disability”
shall have the meaning ascribed thereto in the Plan as of the date hereof. Notwithstanding the foregoing, if the Awardee and the
Company or any of its Subsidiaries have entered into an employment agreement, consulting agreement, advisory agreement or other
similar agreement that specifically defines “disability,” then “Disability” shall have the meaning defined
in that employment agreement, consulting agreement, advisory agreement or other agreement.

h.      “EPS”
shall mean the diluted earnings per share from continuing operations for the Company.

i.       “Peer
Group Companies” shall mean the Company and American Axle & Manufacturing Holdings, Inc., Autoliv, Inc., Borg Warner,
Inc., Dana Holding Corporation, Delphi Automotive, PLC, Gentex Corporation, Harman International Industries, Incorporated, Johnson
Controls, Inc., Lear Corporation, Magna International, Inc., Martinrea International Inc., Meritor, Inc., Shiloh Industries, Inc.,
Tenneco Inc. and Visteon Corporation.  If, prior to the end of the Performance Period, any Peer Group Company ceases
to be a public reporting company for any reason, then such company shall not be considered a Peer Group Company.

j.        “Retirement
Eligible”, for purposes of this Agreement only, shall mean the Awardee has either (i) attained age 65 and completed at
least five (5) full years of Continuous Service with the Company and/or its Subsidiaries, or (ii) attained age 591⁄2 and whose
combined age and full months and years of Continuous Service with the Company and/or its Subsidiaries equals or exceeds 85.

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k.      “Total
Shareholder Return” shall mean, with respect to a specified period, the total percentage return per share of common stock,
assuming contemporaneous reinvestment of all dividends and other distributions on the date such dividend or other distribution
was paid, and based on the average stock price over the first twenty (20) trading days of the Performance Period and the average
stock price over the last twenty (20) trading days of the Performance Period. If necessary, the measurement of Total Shareholder
Return shall be adjusted to reflect stock splits or similar changes in capitalization which occur during a specified period.

12.        Notices.
Notices or communications to be made hereunder shall be in writing and shall be delivered in person, by registered mail, by confirmed
facsimile or by a reputable overnight courier service to the Company at its principal office or to the Awardee at his or her address
contained in the records of the Company. Alternatively, notices and other communications may be provided in the form and manner
of such electronic means as the Company may permit.

13.        Entire
Agreement; Governing Law. The Plan is incorporated herein by reference. The Plan and this Award Agreement constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements
of the Company and the Awardee with respect to the subject matter hereof, and may not be modified adversely to the Awardee’s
interest except by means of a writing signed by the Company and the Awardee. In the event of any conflict between this Award Agreement
and the Plan, the Plan shall be controlling. This Award Agreement shall be construed under the laws of the State of Delaware, without
regard to conflict of laws principles.

14.       Opportunity
for Review. Awardee and the Company agree that this Award is granted under and governed by the terms and conditions of the
Plan and this Award Agreement. The Awardee has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity
to obtain the advice of counsel prior to accepting this Award Agreement and fully understands all provisions of the Plan and this
Award Agreement. The Awardee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee
upon any questions relating to the Plan and this Award Agreement. The Awardee further agrees to notify the Company upon any change
in Awardee’s residence address.

15.       Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the Company and the Awardee and their respective permitted
successors, assigns, heirs, beneficiaries and representatives.

16.       Section 409A
Compliance. To the extent that this Agreement and the Performance Award hereunder are or become subject to the provisions of
Section 409A of the Code, the Company and the Awardee agree that the Performance Award may be amended or modified by the Company
as appropriate to maintain compliance with the provisions of Section 409A of the Code.

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17.       Section
162(m) Compliance. Notwithstanding anything in this Agreement to the contrary, if the Awardee is a “covered employee”
within the meaning of Section 162(m) of the Code and this Performance Award is not exempt from the deduction limitation under Section
162(m) of the Code by virtue of the exception under Treas. Reg. Sec. 1.162-27(f), (i) no amounts shall be paid under this Agreement
unless the material terms of the performance goals hereunder are approved by the stockholders of the Company in accordance with
Section 162(m) of the Code, (ii) prior to the payment of any amounts under this Agreement, the Committee must certify in writing
that the applicable performance goals and all other material terms and conditions to payment were in fact satisfied, and (iii)
the Committee shall not exercise discretion to adjust any component of the performance goals hereunder or the amount of the Performance
Award in a manner that is precluded by Section 162(m) of the Code.

18.       Recoupment.
In the event the Company restates its financial statements due to material noncompliance with any financial reporting requirements
under applicable securities laws, any payments pursuant to this Performance Award for or in respect of the year that is restated,
or the prior three years, may be recovered to the extent the payments made exceed the amount that would have been as a result of
the restatement. In addition and without limitation of the foregoing, any amounts paid hereunder shall be subject to recoupment
in accordance with The Dodd–Frank Wall Street Reform and Consumer Protection Act and any implementing regulations thereunder,
any clawback policy adopted by the Company or as is otherwise required by applicable law or stock exchange listing conditions.

19.       Electronic
Acceptance. The Awardee shall be deemed to have accepted and agreed to the terms and conditions of this Agreement (and the
applicable terms of the Plan) unless the Awardee rejects this Award Agreement within 90 days of the Award Date by such electronic
means as the Company may permit. If the Awardee rejects the Award Agreement, the Performance Award that would otherwise have been
made to the Awardee under this Award Agreement shall be null and void and the Performance Award will be cancelled.

 

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TOWER INTERNATIONAL, INC. 

PERFORMANCE AWARD AGREEMENT 

EXHIBIT A 

  

	1.	(a)	Awardee’s Name: _________________________________________
	 	 	 
	 	(b)	Award Date: ____________________
	 	 	 
	 	(c)	Target Award Amount: $______________
	 	 	 
	 	(d)	Performance Period: January 1, 2015 - December 31, 2017

  

    	-8-BOKF-2014.12.31-EX 10.4.8 (a)

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

June 15, 2013

This Amended and Restated Employment Agreement (“Agreement”) is made this 15th day of June, 2013 (the “Agreement Date”) between the following parties (“Parties”):

		
	(i)
	BOK Financial Corporation, an Oklahoma corporation (“BOK Financial”); and,

		
	(ii)
	Donald T. Parker, an individual currently residing in Tulsa, Oklahoma (the “Executive”).

BOK Financial and Executive, in consideration of the promises and covenants set forth herein (the receipt and adequacy of which are hereby acknowledged) and intending to be legally bound hereby, agree as follows:

		
	(1)
	Purpose of This Agreement.  The purpose of this Agreement is as follows:

		
	(a)
	BOK Financial is a financial holding company, subject to regulation by the Board of Governors of the Federal Reserve System.  The subsidiaries of BOK Financial include BOKF, NA, a national association engaged in banking and BOSC, Inc., a registered broker-dealer.

		
	(b)
	The Executive has extensive prior experience in financial services and banking and is currently employed as an Executive Vice-President of BOK Financial and BOKF, NA, reporting to the Chief Executive Officer. 

		
	(c)
	The purpose of this Agreement is to set forth the terms and conditions on which BOK Financial shall employ the Executive and the Executive shall serve as an officer of BOK Financial, BOKF, NA, and other of their affiliates. 

		
	(2)
	Prior Agreement Superseded.  This agreement supersedes, from and after the Effective Date, any employment agreement between Executive and BOK Financial and/or BOKF, NA (excluding, for avoidance of doubt, any rights of Executive arising under the BOK Financial 2003 Stock Option Plan, the BOK Financial 2009 Omnibus Incentive Plan, and the BOK Financial 2011 True-Up Plan).

		
	(3)
	Employment.  Effective as of the Agreement Date, BOK Financial hereby employs the Executive, and the Executive hereby accepts employment with  BOK Financial, on the following terms and conditions:

		
	(a)
	Executive shall serve as Executive Vice-President, Chief Information Officer of BOK Financial and BOKF, NA.  Executive shall be responsible for those divisions and business lines of BOK Financial and BOKF, NA as the Chief Executive has heretofore established and as may hereafter be established by the Chief Executive Officer from time to time.

		
	(b)
	Executive shall devote all time and attention reasonably necessary to the affairs of BOK Financial and BOKF, NA and shall serve BOK Financial and BOKF, NA diligently, loyally, and to the best of his ability. 

		
	(c)
	Executive shall serve in such other or additional positions as an officer and/or director of BOK Financial and BOKF, NA or any of their affiliates as the Chief Executive Officer of BOK Financial may reasonably request; provided, however, Executive’s residence and place of work shall be in the Tulsa, Oklahoma area.

		
	(d)
	Notwithstanding anything herein to the contrary, Executive shall not be precluded from engaging in any charitable, civic, political or community activity or membership in any professional organization.

		
	(4)
	Compensation.  As the sole, full and complete compensation to the Executive for the performance of all duties of Executive under this Agreement and for all services rendered by Executive to BOK Financial and/or to any affiliate of BOK Financial:

		
	(a)
	BOK Financial shall pay the Executive an annual salary (the “Annual Salary”) equal to Executive’s Annual Salary in effect as of the Agreement Date during the Term (as hereafter defined).  The Annual Salary shall be payable in installments in arrears, less usual and customary payroll deductions for FICA, federal and state withholding, and the like, at the times and in the manner in effect in accordance with the usual and customary payroll policies generally in effect from time to time at BOK Financial. 

		
	(b)
	The Annual Salary shall not be decreased at any time during the Term of this Agreement. The Annual Salary may be increased annually in accordance with BOK Financial’s compensation review practices in effect from time to time for senior executives.

		
	(c)
	BOK Financial shall pay and provide to Executive pension, thrift, medical insurance, disability insurance plan benefits, and other fringe benefits, on the same terms and conditions generally in effect for senior executive employees of the BOK Financial and its affiliates (the “Additional Benefits”).  

		
	(d)
	BOK Financial may, from time to time in BOK Financial’s sole discretion consistent with the practices generally in effect for senior executive employees of the BOK Financial and its affiliates, pay or provide, or agree to pay or provide Executive a bonus, stock option, restricted stock, other incentive or performance based compensation.  

		
	(i)
	BOKF Financial shall provide annual incentive and long term incentive awards to Executive in accordance with BOK Financial’s Executive Incentive Compensation Plan as adopted by the BOK Financial’s Board of Directors from time to time and BOK Financial’s existing True-Up Plan. 

		
	(ii)
	All such bonus, stock option, restricted stock, or other incentive or performance based compensation, regardless of its nature (hereinafter called “Performance Compensation”) shall not constitute Annual Salary.

		
	(e)
	BOK Financial shall reimburse Executive for reasonable and necessary entertainment, travel and other expenses in accordance with BOK Financial’s standard policies in general effect for senior executives of BOK Financial.

		
	(f)
	Executive shall be allowed vacation, holidays, and other employee benefits not described above in accordance with BOK Financial’s standard policy in general effect for BOK Financial’s senior executives. Executive shall be entitled to four weeks paid vacation each year.

		
	(g)
	BOK Financial shall permit Executive to participate in a deferred compensation plan on the terms and conditions established by BOK Financial for senior executives.

		
	(h)
	Executive hereby agrees to accept the foregoing compensation as the sole, full and complete compensation to Executive for the performance of all duties of Executive under this Agreement and for all services rendered by Executive to BOK Financial or any affiliate of BOK Financial.

		
	(5)
	Term of Employment.  The term (the “Term”) of Executive’s employment (“Employment”) pursuant to this Agreement shall commence on the Agreement Date (the “Commencement”) and shall continue thereafter provided that upon ninety days prior written notice, either Party may terminate this Agreement.

		
	(6)
	Termination of Employment.  Notwithstanding the provisions of paragraph 5 of this Agreement, the Employment may be terminated on the following terms and conditions:

		
	(a)
	Termination by BOK Financial Without Cause.  In the event BOK Financial terminates Employment of Executive without cause during the Term or upon termination of this Agreement as provided in Paragraph 5:

		
	(i)
	BOK Financial shall forthwith upon such termination (A) pay to Executive BOK Financial’s standard severance pay for senior executives in effect at the time of termination and, in addition, an amount equal to Executive’s then Annual Salary payable in one lump sum payment, (B) the Executive shall be entitled to receive any Additional Benefits accrued through, but not beyond the effective date of such termination which are payable under the terms and provisions of benefit plans then in effect in accordance with paragraph 4(c) above, (C) Executive shall be entitled to receive pay for vacation in accordance with BOK Financial’s then existing policy for terminating senior executives, (D) options held by Executive under the BOKF 2003 Stock Option Plan and the BOKF 2009 Omnibus Incentive Plan shall vest shall be exercisable for a period of ninety days following such termination as provided in such plans, (E) Restricted stock held by Executive shall continue to be owned by the Executive, but shall remain subject to all restrictions applicable to the restricted stock as provided under the Executive Incentive Plan and the 2009 Omnibus Incentive Plan, and (F) Executive shall be entitled to receive those amounts due Executive pursuant to paragraph 8(b) and shall be bound by the Non-Solicitation Agreement (as hereafter defined).

		
	(ii)
	If Executive is terminated for any reason other than for cause following a Change of Control (as hereafter defined), BOK Financial shall pay Executive upon such termination in one lump sum payment an amount equal to two times Executive’s then Annual Salary at the time of termination in addition to an amount equal to Executive’s then Annual Salary through, but not beyond the effective date of the termination.  This payment shall be in lieu of any payment that would otherwise be paid pursuant to paragraph 6(a)(i)(A), but Executive shall be entitled to the benefit of the other provisions of paragraph 6(a)(i).   As used herein, a Change of Control shall be deemed to have occurred if, and only if: 

		
	(A)
	George B. Kaiser, affiliates of George B. Kaiser, George B. Kaiser Foundation, George Kaiser Family Foundation, and/or members of the family of George B. Kaiser collectively cease to own more shares of the voting capital stock of BOK Financial than any other shareholder (or group of shareholders acting in concert to control BOK Financial to the exclusion of George B. Kaiser, affiliates of George B. Kaiser, George B. Kaiser Foundation, George Kaiser Family Foundation, and/or members of the family of George B. Kaiser); or,

		
	(B)
	BOK Financial shall cease to own directly and indirectly more than fifty percent (50%) of the voting capital stock of BOKF, NA.

		
	(b)
	Termination by BOK Financial for Cause.  BOK Financial may terminate the Employment  for cause on the following terms and conditions:

		
	(i)
	BOK Financial shall be deemed to have cause to terminate Executive’s Employment only in one or more of the following events:

		
	(A)
	The Executive shall fail to substantially perform his obligations under this Agreement (except as a result of Executive’s incapacity due to physical or mental illness) after having first received notice of such failure and thirty days within which to correct the failure;

		
	(B)
	The Executive commits any act which is reasonably deemed to have been intended by Executive to injure BOK Financial or any of its affiliates;

		
	(C)
	The Executive is charged, indicted or convicted of any criminal act or act involving moral turpitude which BOK Financial reasonably deems adversely affects the suitability of Executive to serve BOK Financial or any of its affiliates;

		
	(D)
	The Executive commits any dishonest or fraudulent act which BOK Financial reasonably deems material to BOK Financial or any of its affiliates, including the reputation of BOK Financial or any of its affiliates; or,

		
	(E)
	Any refusal by Executive to obey orders or instructions of the Chief Executive Officer of BOK Financial or BOKF, NA, unless such instructions would require Executive to commit an illegal act, could subject Executive to personal liability, would require Executive to violate the terms of this Agreement, are inconsistent with recognized ethical standards, or would otherwise be inconsistent with the duties of an officer of a bank.

		
	(ii)
	BOK Financial shall be deemed to have cause to terminate Executive’s Employment only when a majority of the members of the Board of Directors of BOK Financial finds that, in the good faith opinion of such majority, the Executive committed one or more of the acts set forth in clauses (A) through (E) of the preceding subparagraph, such finding to have been made after at least twenty (20) business days’ notice to the Executive and an opportunity for the Executive, together with his counsel, to be heard before such majority.  The determination of such majority, made as set forth above, shall be binding upon BOK Financial and the Executive.

		
	(iii)
	The effective date of a termination for cause shall be the date of the action of such majority finding the termination was with cause.  In the event BOK Financial terminates Executive’s Employment for cause, (A) BOK Financial shall pay Executive the Executive’s then Annual Salary through, but not beyond, the effective date of the termination and (B) the Executive shall receive those Additional Benefits accrued through but not beyond the effective date of such termination which are payable under the terms and provisions of benefit plans then in effect in accordance with paragraph 4(c) above, (C) BOK Financial shall pay the Executive for vacation in accordance with BOK Financial’s then existing policy for senior executives, and (D)Executive shall be entitled to receive those amounts due Executive pursuant to paragraph 8(b) and Executive shall be bound by the provisions of the Non-Solicitation Agreement.

		
	(7)
	Provisions Respecting Illness and Death.  In the event Executive becomes disabled as defined in Section 409A(a)(2)(C) of the Internal Revenue Code, BOK Financial may terminate Executive’s Employment without further or additional compensation being due the Executive from BOK Financial except Annual Salary accrued through the date of termination, Additional Benefits accrued through the date of such termination under benefit plans then in effect in accordance with paragraph 4(c) above, and vacation in accordance with BOK Financial’s then existing policy for senior executives,  and the provisions of paragraph 8 shall apply. Without limiting the generality of paragraph 4(c), Executive shall upon such termination receive those benefits provided in BOK Financial’s long term disability policy then in effect. In the event of the death of the Executive, the Employment of the Executive shall automatically terminate as of the date of death without further or additional compensation being due the Executive, except BOK Financial shall pay to the estate of the Executive the Annual Salary in effect on the date of death and accrued through the date of termination and the Additional Benefits accrued through the date of such termination under benefit plans then in effect 

in accordance with paragraph 4(c) above.  BOK Financial shall make the payments due Executive in one lump sum within forty-five days following the date of termination.

		
	(8)
	Agreement Not to Solicit.  The provisions of this paragraph are hereafter called the “Non-Solicitation Agreement”. 

		
	(a)
	Executive agrees that, for a period of two (2) years following any termination of the Employment for cause, and for a period of one (1) year following any termination of the Employment for any reason other than cause (including expiration of the Term), Executive shall not directly or indirectly (whether as an officer, director, employee, partner, stockholder, creditor or agent, or representative of other persons or entities) contact or solicit, in any manner indirectly or directly, individuals or entities who were at any time during the original or any extended Term clients of BOK Financial or any of its affiliates for the purpose of providing banking, trust,  investment, or other services provided by BOK Financial or any of its affiliates during the Term or contact or solicit employees of BOK Financial or any affiliates of BOK Financial to seek employment with any person or entity except BOK Financial and its affiliates. This Non-Solicitation Agreement shall not apply to ownership by Executive of up to ten percent (10%) of the common stock of a corporation traded on the facilities of a national securities exchange engaged in the banking business of which Executive is not a director, officer, employee, agent or representative.

		
	(b)
	BOK Financial shall pay Executive, in addition to any other amounts which may be due Executive, during each year in which the Non-Solicitation Agreement is in effect, $3,000 payable in installments in arrears, less usual and customary payroll deductions for FICA, federal and state withholding, and the like, at the times and in the manner in effect in accordance with the usual and customary payroll policies generally in effect from time to time at BOK Financial.  Notwithstanding the foregoing, the amounts due for the first six months of the Non-Competition Agreement shall be paid in a lump sum as soon administratively possible following such six month period if Executive is determined to be a "specified employee as defined in Section 409A(a)(2)(B)(i).

		
	(c)
	Executive agrees that the Non-Solicitation Agreement and all the restrictions set forth in this Non-Solicitation Agreement are fair and reasonable.

		
	(d)
	Executive agrees that (i) any remedy at law for any breach of this Non- Agreement would be inadequate, (ii) in the event of any breach of this Non-Solicitation Agreement, the terms of this Non-Solicitation Agreement shall constitute incontrovertible evidence of irreparable injury to BOK Financial, and (iii) BOK Financial shall be entitled to both immediate and permanent injunctive relief without the necessity of establishing or posting any bond therefor to preclude any such breach (in addition to any remedies of law to which BOK Financial may be entitled).

		
	(9)
	Confidential Information.  All references in this Section 9 to BOK Financial shall include BOK Financial’s affiliates.

		
	(a)
	Executive acknowledges that, during the Term and prior to the Term, Executive has had and will have access to Confidential Information (as hereinafter defined), all of which shall be made accessible to Executive only in strict confidence; that unauthorized disclosure of Confidential Information will damage BOK Financial’s business;  that Confidential Information would be susceptible to immediate competitive application by a competitor of BOK Financial; that BOK Financial’s business is substantially dependent on access to and the continuing secrecy of Confidential Information; that Confidential Information is unique to BOK Financial and known only to Executive and certain key employees and contractors of BOK Financial;  that BOK Financial shall at all times retain ownership and control of all 

Confidential Information; and that the restrictions contained in this  Section 9 are reasonable and necessary for the protection of BOK Financial’s business.
		
	(b)
	All documents or other records containing or reflecting Confidential Information (“Confidential Documents”) prepared by or to which Executive has access are and shall remain the property of BOK Financial.  Executive shall not copy or use any Confidential Document for any purpose not relating directly to Executive’s Employment on BOK Financial’s behalf, or use or disclose any Confidential Document to any party other than BOK Financial or its employees and shall not sell Confidential Documents to any party.  Upon the termination of this Agreement or upon BOK Financial’s request before or after such termination, Executive shall immediately deliver to BOK Financial or its designee (and shall not keep in Executive’s possession or deliver to anyone else) all Confidential Documents and all other property belonging to BOK Financial.  This paragraph shall not bar Employee from complying with any subpoena or court order, provided that Executive shall at the earliest practicable date provide a copy of the subpoena or court order to BOK Financial’s  Chief Executive Officer.

		
	(c)
	During the Term and for a period of four (4) years thereafter, regardless of the reason for termination of Executive’s employment, (i) Executive shall not disclose any Confidential Information to any third party and (ii) Executive shall use Confidential Information only in connection with and in furtherance of Executive’s Employment by BOK Financial and on behalf of its affiliates.

		
	(d)
	As used herein, Confidential Information means all nonpublic information concerning or arising from BOK Financial’s business, including particularly but not by way of limitation trade secrets used, developed or acquired by BOK Financial in connection with its business; information concerning the manner and details of BOK Financial’s operations, organization and management; financial information and/or documents and nonpublic policies, procedures and other printed or written material generated or used in connection with BOK Financial’s business; BOK Financial’s business plans and strategies; electronic files or documents prepared by BOK Financial or Executive containing the identities of BOK Financial’s customers (including their addresses and telephone numbers), the nature and amounts of their assets and liabilities, and the specific individual customer needs being addressed by BOK Financial; the nature of fees and charges assessed by BOK Financial; nonpublic forms, contracts and other documents used in BOK Financial’s business; the nature and content of any proprietary computer software used in BOK Financial’s business, whether owned by BOK Financial or used by BOK Financial under license from a third party; and all other nonpublic information concerning BOK Financial’s concepts, prospects, customers, employees, contractors, earnings, products, services, equipment, systems, and/or prospective and executed contracts and other business arrangements. Confidential Information shall not include (i) general skills and general knowledge of the industry obtained by reason of Executive’s association with BOK Financial; (ii) information that is or becomes public knowledge through no fault or action of Executive; (iii) any information received from an independent third party who is under no duty of confidentiality with respect to the information; or (iv) any information that, on advice of counsel, Executive is required to disclose by law or regulation.

		
	(10)
	Surrender of Records and Property.  Upon termination of Executive’s employment with BOK Financial for whatever reason, in addition to Executive’s obligations pursuant to Paragraph 9(b), Executive shall deliver promptly to BOK Financial all records, manuals, books, blank forms, documents, letters, memoranda, notes, notebooks, reports, data, tables, calculations or copies thereof that relate in any way to the business, products, practices or techniques of BOK Financial or any of its affiliates, and all other information of BOK Financial or any of its affiliates, including, but not 

limited to, all documents that in whole or in part contain any information which is defined in this Agreement as Confidential Information and which is in the possession or under the control of Executive.

		
	(11)
	Compliance with Section 409A.  This Agreement is subject to the following provisions in order to ensure compliance with Section 409A of the Internal Revenue Code of 1986, as amended (Section 409A”).

		
	(a)
	If any payment, compensation or other benefit provided to the Executive in connection with his employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Executive is a specified employee as defined in Section 409A(2)(B)(i), no part of such payments shall be paid before the day that is six (6) months plus one (1) day after the date of termination.  

		
	(b)
	The Parties acknowledge and agree that Section 409A and its application, if any, to the terms of this Agreement may be subject to change as additional guidance and regulations become available.  Anything to the contrary herein notwithstanding, all benefits or payments provided by the Company to the Executive that would be deemed to constitute “nonqualified deferred compensation” within the meaning of Section 409A are intended to comply with Section 409A.  If, however, any such benefit or payment is deemed to not comply with Section 409A, the Company and the Executive agree to renegotiate in good faith any such benefit or payment (including, without limitation, as to the timing of any severance payments payable hereof) so that either (i) Section 409A will not apply or (ii) compliance with Section 409A will be achieved.

		
	(c)
	All payments required to be made by Bank hereunder to the Executive may be adjusted to the withholding of such amounts, if any, relating to tax and other payroll deductions as the Bank may reasonably determine should be withheld pursuant to any applicable law or regulation.

		
	(12)
	Miscellaneous Provisions.  The following miscellaneous provisions shall apply to this Agreement:

		
	(a)
	All notices or advices required or permitted to be given by or pursuant to this Agreement, shall be given in writing.  All such notices and advices shall be (i) delivered personally or (ii) delivered for overnight delivery by a nationally recognized overnight courier service.  Such notices and advices shall be deemed to have been given (i) the first business day following the date of delivery if delivered personally or (ii) on the date of receipt if delivered for overnight delivery by a nationally recognized overnight courier service.  All such notices and advices and all other communications related to this Agreement shall be given as follows:

If to BOK Financial:        
BOK Financial Corporation
Attn: Stanley A. Lybarger
Bank of Oklahoma Tower
P.O. Box 2300
Tulsa, Oklahoma 74192
Telephone No.: (918) 588-6000
Facsimile No.: (918) 295-6379
slybarger@mail.bok.com

and

Chief Human Resources Officer
Attn:  Stephen D. Grossi
Bank of Oklahoma Tower
P.O. Box 2300
Tulsa, Oklahoma 74192
Telephone No. 918- 595-3153

With a Copy to:    Frederic Dorwart
Old City Hall
124 East Fourth Street
Tulsa, OK 74103-5010
Telephone No.: (918) 583-9945
Facsimile No.: (918) 583-8251
FDorwart@FDLaw.com

If to Executive:    Donald T. Parker
5609 East 114th Street
Tulsa, Oklahoma 74137
Telephone No.: (918) 619-1275
dparker@mail.bok.com
                        
or to such other address as the Party may have furnished to the other Parties in accordance herewith, except that notice of change of addresses shall be effective only upon receipt.

		
	(b)
	This Agreement is made and executed in Tulsa, Oklahoma and all actions or proceedings with respect to, arising directly or indirectly in connection with, out of, related to or from this Agreement, shall be litigated in courts having situs in Tulsa, Oklahoma.

		
	(c)
	This Agreement shall be subject to, and interpreted by and in accordance with, the laws of the State of Oklahoma without regard to its conflict of law provisions.

		
	(d)
	This Agreement is the entire Agreement of the Parties respecting the subject matter hereof.  There are no other agreements, representations or warranties, whether oral or written, respecting the subject matter hereof, except as stated in this Agreement.

		
	(e)
	This Agreement, and all the provisions of this Agreement, shall be deemed drafted by all of the Parties hereto.

		
	(f)
	This Agreement shall not be interpreted strictly for or against any Party, but solely in accordance with the fair meaning of the provisions hereof to effectuate the purposes and interest of this Agreement.

		
	(g)
	Each Party hereto has entered into this Agreement based solely upon the agreements, representations and warranties expressly set forth herein and upon her or his own knowledge and investigation. Neither Party has relied upon any representation or warranty of any other Party hereto except any such representations or warranties as are expressly set forth herein.

		
	(h)
	Each of the persons signing below on behalf of a Party hereto represents and warrants that he or she has full requisite power and authority to execute and deliver this Agreement on behalf of the Parties for whom he or she is signing and to bind such Party to the terms and conditions of this Agreement.

		
	(i)
	This Agreement may be executed in counterparts, each of which shall be deemed an original.  This Agreement shall become effective only when all of the Parties hereto shall have executed the original or counterpart hereof.  This Agreement may be executed and delivered by a facsimile transmission of a counterpart signature page hereof.

		
	(j)
	In any action brought by a Party hereto to enforce the obligations of any other Party hereto, the prevailing Party shall be entitled to collect from the opposing Party to such action such Party’s reasonable litigation costs and attorneys fees and expenses (including court costs, reasonable fees of accountants and experts, and other expenses incidental to the litigation).

		
	(k)
	This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective heirs, personal representatives, successors and assigns. 

		
	(l)
	This is not a third party beneficiary contract, except BOK Financial (including each affiliate thereof) shall be a third party beneficiary of this Agreement. 

		
	(m)
	This Agreement may be amended or modified only in a writing, as agreed to by the Parties hereto, which specifically references this Agreement.

		
	(n)
	A Party to this Agreement may decide or fail to require full or timely performance of any obligation arising under this Agreement. The decision or failure of a Party hereto to require full or timely performance of any obligation arising under this Agreement (whether on a single occasion or on multiple occasions) shall not be deemed a waiver of any such obligation. No such decisions or failures shall give rise to any claim of estoppel, laches, course of dealing, amendment of this Agreement by course of dealing, or other defense of any nature to any obligation arising hereunder.

		
	(o)
	In the event any provision of this Agreement, or the application of such provision to any person or set of circumstances, shall be determined to be invalid, unlawful, or unenforceable to any extent for any reason, the remainder of this Agreement, and the application of such provision to persons or circumstances other than those as to which it is determined to be invalid, unlawful, or unenforceable, shall not be affected and shall continue to be enforceable to the fullest extent permitted by law.

		
	(p)
	None of the compensation or other payments to Executive provided for in, or that may be made pursuant to, this Agreement are intended by the Parties to be deferred compensation within the meaning of Section 409A.  If, however, the Executive is a " specified employee" as defined in Section 409A(a)(2)(B)(i), then the other provisions of this Agreement notwithstanding, no compensation that is "deferred compensation" within the meaning of Section 409A shall be paid to Executive sooner than six months and one day following the date of Executive s separation from service from the Company, as such date is determined in accordance with Section 409A.

Dated as of the Agreement Date.
	
		
	 
	BOK Financial Corporation

	 
	 

	 
	/s/ Stanley A. Lybarger

	 
	Name: Stanley A. Lybarger

	 
	Title: President and Chief Executive Officer 
           
      

	 
	Executive

	 
	 

	 
	/s/ Donald T. Parker

	 
	Individually

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