Document:

exv10w16

 

Exhibit
10.16

ASSIGNMENT AND ASSUMPTION AGREEMENT

TO

CHANGE IN CONTROL AND NONCOMPETITION AGREEMENT

     This Assignment and Assumption Agreement (this “Assignment”) is made and entered as of January
1, 2008, by and among AMB Property, L.P., a Delaware limited partnership (“Assignor”), AMB Property
III, LLC, a Delaware limited liability company (“Assignee”), and ____________ (“Executive”).

RECITALS:

     WHEREAS, Assignor and Executive have entered into that certain Amended and Restated Change in
Control and Noncompetition Agreement, dated as of September 27, 2007 (the “Change in Control
Agreement”);

     WHEREAS, Assignee is an affiliate of Assignor;

     WHEREAS, the Executive’s employment has been transferred from Assignor to Assignee as of
January 1, 2008;

     WHEREAS, Assignor desires to assign all of its rights, title, interest, liabilities and
obligations under the Change in Control Agreement to Assignee, and Assignee desires to accept such
assignment and assume all liabilities and obligations thereunder;

     WHEREAS, Assignor agrees to remain liable for any liabilities and obligations under the Change
in Control Agreement to the extent that Assignee does not perform its obligations thereunder;

     WHEREAS, Executive consents to such assignment, as provided for herein;

     NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements
herein contained, and intending to be legally bound hereby, each party hereto agrees as follows:

     1. Definitions. Capitalized terms used in this Assignment without definition shall
have the meanings ascribed to them in the Change in Control Agreement.

     2. Assignments and Assumptions. Assignor hereby assigns and transfers to Assignee all
of its right, title and interest in and to the Change in Control Agreement, including all
liabilities and obligations thereunder, and Assignee hereby accepts such assignment and assumes all
liabilities and obligations of Assignor under such Change in Control Agreement and agrees to
perform all duties and obligations of Assignor thereunder. Notwithstanding the foregoing, Assignor
agrees to remain liable for any liabilities and obligations of Assignor and Assignee under the
Change in Control Agreement to the extent that Assignee does not perform its obligations
thereunder.

 

 

Executive hereby consents to such assignment and assumption on the terms and conditions provided
herein. Except as expressly provided herein, the Change in Control Agreement is unchanged and
remains in full force and effect.

     3. Headings. The headings contained herein are for reference purposes only and shall
not in any way affect the meaning or interpretation of this Assignment.

     4. Entire Agreement. This Assignment and the Change in Control Agreement constitute
the entire understanding between the parties with respect to the subject matter hereof and all
prior agreements or understandings shall be deemed merged herein. No representations, warranties
and certifications, express or implied, shall exist as between the parties except as stated herein.

     5. Severability. The invalidity or unenforceability of any provision or provisions of
this Assignment shall not affect the validity or enforceability of any other provision of this
Assignment, which shall remain in full force and effect.

     6. Counterparts. This Assignment may be executed in several counterparts, each of
which shall be deemed to be an original but all of which together will constitute one and the same
instrument.

     7. Governing Law. This Assignment shall be construed, interpreted and enforced in
accordance with the laws of the State of California without giving effect to the principles of
conflict of laws thereof.

[Remainder of page left intentionally blank.]

 

 

     IN WITNESS WHEREOF, the parties have caused this Assignment to be duly executed as of the date
first written above.

	 	 	 	 	 
	 	AMB PROPERTY, L.P.

 	 
	 	By:  	AMB Property Corporation, its general partner
 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	Nancy Hemmenway 	 
	 	 	Title:  	SVP, Director of Human Resources 	 
	 
	 	AMB PROPERTY III, LLC

 	 
	 	By: 
AMB Property, L.P., its managing member	
 

	 	 	 	 	 
	 	By: 
     AMB Property Corporation, its general partner	
 

	 	 	 	 	 
	 	By:  	
 	 
	 	 	Name:  	Thomas S. Olinger 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	EXECUTIVE

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:exv10w1

 

EXHIBIT
10.1

SECOND AMENDMENT

TO

EMPLOYMENT AGREEMENT

     This Second Amendment to Employment Agreement (“Second Amendment”) is effective February
28, 2008, and serves to modify only those certain terms of the Employment Agreement (“Agreement”)
dated and effective December 1, 2004, as amended by the First Amendment to Employment Agreement
(“First Amendment”) dated and effective May 8, 2006, between Intervoice, Inc. (“Intervoice”) and
Robert E. Ritchey (the “Executive”), as stated herein.

1.     Paragraph 3 of the Agreement is amended by adding the following provisions at the end of the
original text:

An additional period of six months’ employment (the “Supplemental Employment Period”) shall
commence on March 1, 2008, and expire at the close of business on August 31, 2008. The
Supplemental Employment Period shall be part of the Employment Term as earlier defined in
this Paragraph 3, and the expiration of the Supplemental Employment Period shall have the
same effect in all regards as is specified above with respect to the expiration of the third
Annual Period.

2.     Paragraph 4(a) of the Agreement is amended by restatement in its entirety to read as follows:

(a)   During the Supplemental Employment Period, the Executive shall serve as the Chief
Executive Officer of Intervoice. In such capacity, the Executive, subject to the ultimate
control and direction of the Board, shall have and exercise direct charge of and general
supervision over the business and affairs of Intervoice. In addition, the Executive shall
have such other duties, functions, responsibilities, and authority as are from time to time
delegated to the Executive by the Board; provided, however, that such duties, functions,
responsibilities, and authority are reasonable and customary for a person serving in the
same or similar capacity of an enterprise comparable to Intervoice. The Executive shall
report and be accountable to the Board.

3.     Paragraph 7(e)(i)(B) of the Agreement is amended by restatement in its entirety, and a new
Paragraph 7(e)(i)(C) is added, to read respectively as follows:

(B)   If the Executive is found guilty or enters into a plea agreement, consent decree, or
similar arrangement with respect to any felony criminal offense or any violation of federal
or state securities laws, or has any civil enforcement action brought against him by any
regulatory agency, for actions or omissions related to his employment with Intervoice or any
of its Affiliates, or if Intervoice reasonably believes that the Executive has committed any
act or omission that would have entitled Intervoice to terminate his employment for Cause,
whether such act or omission was committed during his employment with Intervoice or any of
its Affiliates or thereafter, (1) Intervoice’s obligation to make payments to the Executive
under this Paragraph 7(e) shall immediately end, and (2) the Executive shall repay to
Intervoice any amounts paid to him pursuant to this Paragraph 7(e) within 30 days after a
written request to do so by Intervoice; and

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT Page 1 of 3

 

 

(C)   Intervoice may delay any payment to the Executive under this Paragraph 7(e) if
Intervoice reasonably anticipates that the making of the payment will violate federal
securities laws or other applicable law; provided that the payment is made at the earliest
date at which Intervoice reasonably anticipates that the making of the payment will not
cause such violation and, provided further, that Intervoice treats all payments to similarly
situated individuals on a reasonably consistent basis. For purposes of this subparagraph,
the making of a payment that would cause inclusion in gross income or the application of any
penalty provision or other provision of the Code is not treated as a violation of applicable
law.

4.     Paragraph 7(e)(ii) of the Agreement is amended by restatement in its entirety to read as
follows:

Subject to Paragraph 7(i), the Base Salary payments provided for under this Paragraph 7(e)
shall be paid at the time and in the manner such Base Salary would have been paid as of the
Employment Termination Date had there been no termination of employment, provided that such
payments shall begin on the first payroll date after the later of the Executive’s Separation
from Service or the Employment Termination Date.

5.     So much of the first sentence of Paragraph 7(f)(i) of the Agreement as reads “ . . . the
Executive’s employment with Intervoice or an Affiliate or successor of Intervoice is terminated for
any reason . . . ” is amended by inserting the words “by the employer” after the word “terminated.”

6.     Paragraph 7(i) of the Agreement is amended by restatement in its entirety to read as follows:

     Compliance with Code Section 409A. Any provision of this Agreement to the
contrary notwithstanding, all compensation payable pursuant to this Agreement that is
determined by Intervoice in its sole judgment to be subject to Section 409A of the Code
shall be paid in a manner that Intervoice in its sole judgment determines meets the
requirements of Section 409A of the Code and any related rules, regulations, or other
guidance. If Intervoice determines that the Executive is a specified employee within the
meaning of Section 409A of the Code on the date of the Executive’s separation from service
(as defined in accordance with Section 409A of the Code), then, notwithstanding any
provision of this Agreement to the contrary, no payment of compensation under this Agreement
shall be made to the Executive during the period lasting six months from the date of the
Executive’s separation from service unless Intervoice determines that there is no reasonable
basis for believing that making such payment would cause the Executive to suffer adverse tax
consequences pursuant to Section 409A of the Code and the regulations and other guidance
thereunder. If any payment to the Executive is delayed pursuant to the foregoing sentence,
such amount instead shall be paid on the earliest date that payment can be made to the
Executive under Section 409A of the Code and the regulations and other guidance thereunder.

7.     Except and only as expressly provided herein, all provisions of the Agreement, as amended by the
First Amendment, shall remain unchanged and continue in full force and effect, and are hereby
ratified by the parties hereto. The provisions of this Second Amendment shall be read, construed,
and interpreted together with the provisions of the Agreement and the First Amendment, and not in
isolation; and are subject to all other terms of the Agreement as amended by the First Amendment.
Paragraphs 21-27 of the

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT Page 2 of 3

 

 

Agreement, as amended by the First Amendment, are incorporated by reference herein, and shall fully
apply to any actions brought on this Second Amendment, and to this Second Amendment’s
enforceability, construction, interpretation, change, execution, and other conditions or
requirements stated therein.

     IN WITNESS WHEREOF, Intervoice has caused this Second Amendment to be executed on its behalf
by its duly authorized officer, and the Executive has executed this Amendment, effective as of the
date first set forth above.

	 	 	 	 
	INTERVOICE, INC.

	 	ROBERT E. RITCHEY
	 
	 	 
	 
	 	 
	By:
	 /s/ David W. Brandenburg	 	 /s/ Robert Ritchey
	 	 

	 	 
	 
	 	 
	 David W. Brandenburg
	 	 
	 
	 	 
	Printed Name
	 	 
	 
	 	 
	 Chairman of the Board
	 	 
	 
	 	 
	Title	 	 

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT Page 3 of 3

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