Document:

Exhibit

Exhibit 10(d)

SENIOR EXECUTIVE ANNUAL BONUS PLAN

AMERICAN FINANCIAL GROUP, INC.

SENIOR EXECUTIVE ANNUAL BONUS PLAN

		
	1.
	PURPOSE

The purpose of the Senior Executive Annual Bonus Plan (the “Plan”) is to further the profitability of American Financial Group, Inc. (the “Company”) to the benefit of the shareholders of the Company through promoting high levels of corporate performance by including performance-based compensation as a component of a Plan participant’s annual compensation.

		
	2.
	DEFINITIONS

When used in the Plan, the following terms have the following meanings.
2.1.    “Board” means the Board of Directors of the Company.

2.2.    “Bonus Year” means a calendar year.

2.3.    “Code” means the Internal Revenue Code of 1986, as amended.

2.4.    “Committee” means the committee appointed by the Board as described under Section 3.

2.5    “Participant" means as to any Bonus Year, the senior executive officers of the Company or a Subsidiary who are designated by the Committee to participate in the Plan for that Bonus Year.

2.6    “Performance Criteria” means the objective targets selected by the Committee to measure performance, the outcome of which is substantially uncertain at the time selected, for a Bonus Year which shall be based upon one or more of the following performance-based business criteria, either on a Company, Subsidiary, division, business unit or line of business basis or in comparison with peer group performance or to an index, as the Committee deems appropriate: net income or operating income; net income per share or operating income per share; aggregate or per-share book value or adjusted book value; written premiums (net or gross); return measures (including, but not limited to, return on assets, investment portfolio, capital, invested capital, equity, sales, or premiums); cash flow (including, but not limited to, operating cash flow, free cash flow, and cash flow return on capital); combined ratios; share price (including, but not limited to, growth measures and total shareholder return); and increase in or maintenance of the Company’s market share.  In the discretion of the Committee at the time of the annual selection of Performance Criteria for the Bonus Year, any Performance Criteria may be calculated after accounting for specified adjustments.

2.7.    “Subsidiary” means a subsidiary of the Company within the meaning of Code Section 424(f).

3.ADMINISTRATION

Bonuses under the Plan are intended to be performance-based compensation for purposes of Section 162(m)(4)(C) of the Code.  Except as otherwise expressly provided in this Plan, the Plan shall be administered by the Compensation Committee or a successor committee or subcommittee of the Board comprised solely of two or more "outside directors" as defined pursuant to Section 162(m) of the Code.  Subject to the provisions of the Plan (and to the approval of the Board where specified in the Plan), the Committee shall have exclusive power to determine the Performance Criteria applicable to bonuses and all other terms and conditions (including performance requirements) to which the payment of the bonuses may be subject and to certify that Performance Criteria are attained.  Subject to the provisions of the Plan, the Committee shall have the authority to interpret the Plan and establish, adopt or revise such rules and regulations and to make all determinations relating to the Plan as it may deem necessary or advisable for the administration of the Plan.  The Committee’s interpretation of the Plan and all of its actions and decisions with respect to the Plan shall be final, binding and conclusive on all parties.

4.PLAN TERM

The Plan shall remain in effect from the date of approval by the Board until terminated or suspended by the Board as provided in Section 11. 

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5.ESTABLISHMENT OF INDIVIDUAL BONUS TARGETS AND PERFORMANCE CRITERIA

The Committee shall approve annually, no later than the 90th day of a Bonus Year, the individual target amount of bonus (the “Bonus Target”) that may be awarded for a Bonus Year to each Participant; the specific Performance Criteria to be used to determine the amount of bonus, if any, to be paid to each Participant for the Bonus Year; and the formula for determining the percentage of a Bonus Target that is payable based upon the achievement of Performance Criteria.  The Performance Criteria may differ from and carry a different weight from Participant to Participant.  The Bonus Target and Performance Criteria for each Participant for each Bonus Year shall be established in writing by the Committee.
The Committee shall establish annually the specific Performance Criteria to be used to determine the amount of bonus, if any, to be paid to each Participant under the Plan.

6.DETERMINATION OF BONUSES AND TIME OF PAYMENT

As soon as practicable after the end of each Bonus Year, the Committee shall determine whether or not the Performance Criteria of each Participant have been attained and shall determine the amount of the bonus, if any, to be awarded to each Participant for such year according to the terms of this Plan.  Such bonus determinations shall be based on achievement of the Performance Criteria for such Bonus Year.  The Committee shall certify in writing that the Performance Criteria have been achieved prior to payment of any bonus under the Plan.  The payment, if any, of a bonus amount shall take place between February 1 and March 15 following any Bonus Year.  The Participant must continue to be employed through the last day of the Bonus Year to be eligible for the bonus.  

Once the bonus is so determined for each Participant, it shall be paid in cash.  The maximum amount which may be awarded to any Participant for any Bonus Year shall be $5,000,000.

7.TERMINATION OF EMPLOYMENT

Notwithstanding the requirement to be employed on the last day of the Bonus Year in order to be eligible for payment of the Bonus Amount described in Section 6, if a Participant’s employment with the Company is terminated during a Bonus Year for which Performance Criteria have been attained for any reason other than discharge for “cause,” the Committee, in its sole discretion, may determine that the Participant is entitled to a portion of the Bonus Amount that is determined at the end of the Bonus Year and payable at the time specified in Section 6.  This provision only provides discretion in determining whether to waive the employment requirement.  In the event the employment requirement is waived, the bonus amount payable shall be a pro rata amount based on the number of months of the Participant’s employment during the Bonus Year with the month of termination counting as a full month of employment.  For purposes of the Plan, “cause” shall mean: (i) a Participant’s failure or refusal to materially perform his duties; (ii) a Participant’s failure or refusal to follow material directions of the Board or any other act of material insubordination on the part of Participant; (iii) the commission by a Participant of an act of fraud or embezzlement against the Company; or (iv) any conviction of, or plea of guilty or nolo contendere to, a felony by a Participant.

In the event of a Participant’s discharge for cause from the employment of the Company or a Subsidiary, as the case may be, he shall not be entitled to any amount of bonus.

8.COMPLIANCE WITH SECTION 409A OF THE CODE

It is intended that this Plan shall either be exempt from the application of, or comply with, the requirements of Section 409A of the Code.  This Plan shall be construed, administered, and governed in a manner that reflects such intent, and the Committee shall not take any action that would be inconsistent with such intent.  Without limiting the foregoing, bonus amounts shall not be deferred, accelerated, extended, paid out, settled, adjusted, substituted, exchanged or modified in a manner that would cause the award to fail to satisfy the conditions of an applicable exception from the requirements of Section 409A of the Code or otherwise would subject the Participant to the additional tax imposed under Section 409A of the Code.  The amounts payable pursuant to this Agreement are intended to be separate payments that qualify for the “short-term deferral” exception to Section 409A of the Code to the maximum extent possible.

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9.RECOUPMENT

In the event of a restatement of materially inaccurate financial results, the Committee has the discretion to recover bonus awards that were paid under the Plan to a Participant with respect to the period covered by the restatement.  If the payment of a bonus award would have been lower had the achievement of applicable financial performance targets been calculated based on such restated financial results, the Committee may, if it determines appropriate in its sole discretion, to the extent permitted by law, recover from the Participant the portion of the bonus award paid in excess of the payment that would have been made based on the restated financial results.  The Company will not seek to recover bonus awards paid more than three years after the date the Company files the report with the Securities and Exchange Commission that contained the incorrect financial results.  This Section 9 is in addition to, and not in lieu of, any requirements under any applicable law or regulation, including but not limited to the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer Protection Act and shall apply notwithstanding anything to the contrary in the Plan.
10.MISCELLANEOUS

10.1.    Government and Other Regulations.  The obligation of the Company to make payment of bonuses shall be subject to all applicable laws, rules and regulations and to such approvals by governmental agencies as may be required.

10.2.    Tax Withholding.  The Company or a Subsidiary, as appropriate, shall have the right to deduct from all bonuses paid in cash any federal, state or local taxes required by law to be withheld with respect to such cash payments.

10.3.    Claim to Bonuses and Employment Rights.  Neither this Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ of the Company or a Subsidiary.

10.4.    Beneficiaries.  Any bonuses awarded under this Plan to a Participant who dies prior to payment shall be paid as specified in Section 6 to the beneficiary designated by the Participant on a form filed with the Company.  If no such beneficiary has been designated or survives the Participant, payment shall be made to the Participant’s legal representative.  A beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation is filed with the Company.  If the Participant dies during a Bonus Year and while employed, the payment shall be made at the end of the Bonus Year at the time specified in Section 6 and shall be a pro rata amount based on the Participant’s months of employment during the Bonus Year prior to death with the month of death counting as a full month of employment.

10.5.    Nontransferability.  A person’s rights and interests under the Plan may not be assigned, pledged or transferred except, in the event of a Participant’s death, to his designated beneficiary as provided in the Plan or, in the absence of such designation, by will or the laws of descent and distribution.

10.6.    Indemnification.  Each person who is or shall have been a member of the Committee or of the Board shall be indemnified and held harmless by the Company (to the extent permitted by the Articles of Incorporation and Code of Regulations of the Company and applicable law) against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by him in connection with or resulting from any claim, action, suit or proceeding to which he may be a party or in which they may be involved by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by him in settlement thereof, with the Company’s approval, or paid by him, in satisfaction of judgment in any such action, suit or proceeding against him.  He shall give the Company an opportunity, at its own expense, to handle and defend the same before he undertakes to handle and defend it on his own behalf.  The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person may be entitled under the Company’s Articles of Incorporation or Code of Regulations, as a matter of law or otherwise or of any power that the Company may have to indemnify him or hold him harmless.

10.7.    Reliance on Reports.  Each member of the Committee and each member of the Board shall be fully justified in relying or acting in good faith upon any report made by the independent certified public accountants of the Company or of its Subsidiaries or upon any other information furnished in connection with the Plan by any officer or director of the Company or any of its Subsidiaries.  In no event shall any person who is or shall have been a member of the Committee or of the Board be liable for any determination made or other action taken or any omission to act in 

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reliance upon any such report or information or for any action taken, including the furnishing of information, or failure to act, if in good faith.

10.8.    Expenses.  The expenses of administering the Plan shall be borne by the Company and its subsidiaries in such proportions as shall be agreed upon by them from time to time.

10.9    Pronouns.  Masculine pronouns and other words of masculine gender shall refer to both men and women.

10.10.    Titles and Headings.  The titles and headings of the sections in the Plan are for convenience of reference only, and, in the event of any conflict between any such title or heading and the text of the Plan, such text shall control.

11.AMENDMENT AND TERMINATION

The Board may at any time terminate the Plan.  The Board may at any time, or from time to time, amend or suspend and, if suspended, reinstate the Plan in whole or in part.  Notwithstanding the foregoing, the Plan shall continue in effect to the extent necessary to settle all matters relating to the payment of bonuses awarded prior to any such termination or suspension.

 4Exhibit

TERADATA
MANAGEMENT INCENTIVE PLAN
(As amended and restated on February 20, 2018)

ARTICLE I

Definitions
		
	1.1
	Affiliate means any person that directly, or through one or more intermediaries, controls, or is controlled by, or under common control with, the Company.

		
	1.2
	Award means an award of incentive compensation pursuant to the Plan.

		
	1.3
	Code means the Internal Revenue Code of 1986, as amended.

		
	1.4
	Committee means the Compensation and Human Resource Committee of the Board of Directors of the Company, or a subcommittee thereof consisting of members appointed from time to time by the Board of Directors of the Company, and, to the extent necessary for Awards granted hereunder prior to November 2, 2017 to be treated as “qualified performance-based compensation” for purposes of Section 162(m) of the Code,  shall be composed solely of “outside directors” within the meaning of Section 162(m) of the Code.  

		
	1.5
	Company means Teradata Corporation, a Delaware corporation.

		
	1.6
	Disability means a total and permanent disability that causes a Participant to be eligible to receive long term disability benefits from the Teradata Corporation Long Term Disability Plan or another long-term disability plan sponsored by the Company or an affiliate.

		
	1.7
	Executive Officers means Board-appointed officers of the Company who are designated by the Board as “Section 16 officers.”

		
	1.8
	Participant means an Executive Officer or other employee of the Company or an Affiliate who is selected by the Committee to participate in the Plan.

		
	1.9
	Performance Objectives mean the measurable or subjective performance objective or objectives established pursuant to this Plan for Participants who have received Awards. Performance Objectives may be described in terms of Company-wide objectives or objectives that are related to the performance of a subsidiary, division, business unit, department, region or function within the Company or subsidiary in which the Participant is employed (i.e., “financial objectives”) or in terms of the performance of the individual Participant (i.e., “individual objectives”) and, without limiting the Committee’s authority to establish Performance Objectives based on other criteria, may be based on one or more 

    
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of the following criteria: revenues; revenue growth; product revenue growth; earnings (including earnings before taxes, earnings before interest and taxes or earnings before interest, taxes, depreciation and amortization); earnings per share; operating income; pre- or after-tax income (before or after allocation of corporate overhead and bonus); cash flow (before or after dividends); cash flow per share (before or after dividends); gross margin; return on equity; return on capital (including return on total capital or return on invested capital); cash flow return on investment; return on assets or operating assets; economic value added (or an equivalent metric); stock price appreciation; total stockholder return (measured in terms of stock price appreciation and dividend growth); cost control; gross profit; operating profit; cash generation; unit volume; stock price; market share; new account wins; capital structure; sales; asset quality; product and services quality or delivery goals; cost saving levels; marketing-spending efficiency; core non-interest income; debt reductions; stockholder equity; regulatory achievements; implementation, completion or attainment of measurable objectives with respect to strategy, research, development, products or projects; business transformation objectives; recruiting and maintaining personnel; or change in working capital.  Performance Objectives may be made relative to the performance of other corporations or entities.
		
	1.10
	Performance Period means the Company’s fiscal year or such other time period, as determined by the Committee in its discretion, during which the achievement of the performance goals is to be measured.

		
	1.11
	Plan means this Teradata Management Incentive Plan, as amended and restated.

		
	1.12
	Retirement means termination of employment with the Company or an affiliated company when a Participant is age 55 or older.

ARTICLE II    
Eligibility and Participation
		
	2.1
	Eligibility and Participation.  The Committee shall select Executive Officers of the Company and other employees of the Company or an Affiliate who are eligible to receive Awards under the Plan, and who shall be Participants in the Plan during any Performance Period in which they may earn an Award.

ARTICLE III    
Terms of Awards
		
	3.1
	Calculation of Prior Awards.  Any Awards payable under the Plan for Performance Periods beginning prior to November 2, 2017 shall be calculated in accordance with the provisions of Sections 3.1 and 3.2 of the Plan, as in effect immediately prior to the amendment and restatement of the Plan on February 20, 2018, and Sections 3.2 (Performance Period and Performance Objectives) and 3.3 (Adjustments) of the Plan as amended and restated on February 20, 2018 shall not apply to any such Awards.

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	3.2
	Performance Period and Performance Objectives.  Within the first 90 days of each Performance Period beginning after November 2, 2017 (or in the event of such a Performance Period that is shorter than a full fiscal year of the Company, before the expiration of 25% of such Performance Period), or by such other date as the Committee may determine, in its sole discretion, the Committee will establish each Award opportunity and the applicable Performance Objective(s) for such Performance Period.

		
	3.3
	Adjustments.  The Committee may in its sole discretion modify the Performance Objectives, the target levels or the related levels of achievement, in whole or in part, as the Committee deems appropriate and equitable, without the consent of any Participant, (i) to reflect a change in the business, operations, corporate structure or capital structure of the Company or its subsidiaries or the manner in which the Company conducts its business; (ii) in the event that a Participant’s responsibilities materially increase, decrease or otherwise change during a Performance Period or the Participant is transferred to a position that is not designated or eligible to participate in the Plan; or (iii) in such other circumstances as the Committee may determine, in its sole discretion.  Moreover, notwithstanding anything in this Plan to the contrary, the Committee may, in its sole discretion, reduce the resulting Award otherwise payable to any Participant for a particular Performance Period, regardless of the level of attainment of the Performance Objectives, at any time prior to the payment of the Award opportunity, in light of the Participant’s individual performance during the Performance Period, the quality of the Company’s financial results, or such other factors as the Committee deems relevant, including changed or special circumstances that may arise during the Performance Period.

		
	3.4
	Form of Payment.  Each Award under the Plan shall be paid in cash or its equivalent.  The Committee in its discretion may determine that all or a portion of an Award shall be paid in stock, restricted stock, stock options, or other stock-based or stock denominated units, which shall be issued pursuant to the Company’s equity compensation plans in existence at the time of the grant.

		
	3.5
	Timing of Payment.  Payment of Awards will be made as soon as practicable following determination of and certification of the Award, but in no event more than two and a half months after the end of the calendar year with respect to which such Award was earned, unless the a Participant has submitted a valid election to defer receipt of the Award pursuant to a deferred compensation plan approved by the Committee.

		
	3.6
	Certification.  Following the close of each Performance Period and prior to payment of any amount to any Participant under the Plan, the Committee will certify in writing as to the attainment of the performance goals and the amount of the Award.

ARTICLE IV    
New Hires, Promotions and Terminations

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	4.1
	New Participants During the Performance Period.  If an individual is newly hired or promoted during a calendar year into a position eligible for participation in the Plan, he or she shall be eligible for an Award under the Plan for the Performance Period, prorated for the portion of the Performance Period following the date of eligibility for the Plan, subject to the discretion of the Committee.

		
	4.2
	Retirement, Disability or Death.  A Participant who terminates employment with the Company during a Performance Period due to Retirement, Disability or death shall be eligible to receive an Award prorated for the portion of the Performance Period prior to termination of employment, unless otherwise determined by the Committee.  Awards payable in the event of death shall be paid to the Participant’s estate.

		
	4.3
	Termination of Employment.  If a Participant terminates employment with the Company for a reason other than Retirement, Disability or death prior to the end of a Performance Period, then unless otherwise determined by the Committee, no Award shall be payable with respect to the Performance Period in which such termination occurs.

ARTICLE V    
Miscellaneous
		
	5.1
	Withholding Taxes.  The Company shall have the right to make payment of Awards net of any applicable federal, state, local and other taxes required to be withheld, or to require the Participant to pay such withholding taxes.  If the Participant fails to make such tax payments as required, the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Participant or to take such other action as may be necessary to satisfy such withholding obligations.

		
	5.2
	Nontransferability.  No Award may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, including assignment pursuant to a domestic relations order, during the time in which the requirement of continued employment or attainment of performance objectives has not been achieved.  Each Award shall be paid during the Participant’s lifetime only to the Participant, or, if permissible under applicable law, to the Participant’s legal representatives.  No Award shall, prior to receipt thereof by the Participant, be in any manner liable for or subject to the debts, contracts, liabilities, or torts of the Participant.

		
	5.3
	Administration.  The Committee shall administer the Plan, interpret the terms of the Plan, amend and rescind rules relating to the Plan, and determine the rights and obligations of Participants under the Plan.  The Committee may delegate any of its authority as it solely determines.  In administering the Plan, the Committee may at its option employ compensation consultants, accountants and counsel and other persons to assist or render advice to the Committee, all at the expense of the Company.  All decisions of the Committee shall be final and binding upon all parties including the Company, its stockholders, and the Participants.  The provisions of this Plan are intended to ensure that all Awards granted hereunder prior to November 2, 2017 may be treated as “qualified 

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performance-based compensation” for purposes of Section 162(m) of the Code, and this Plan shall be interpreted and operated consistent with that intention with respect to such Awards, provided that nothing herein shall require the Committee to administer the Plan in accordance with Section 162(m) of the Code with respect to any other Awards. 
		
	5.4
	Severability.  If any provisions of the Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of the Plan or the Award, such provision will be stricken as to such jurisdiction, and the remainder of the Plan or Award shall remain in full force and effect.

		
	5.5
	No Fund Created.  Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and a Participant or any other person.  To the extent that any person acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company.

		
	5.6
	Employment at Will.  Neither the adoption of the Plan, eligibility of any person to participate, nor payment of an Award to a Participant shall be construed to confer upon any person a right to be continued in the employ of the Company.  The Company expressly reserves the right to discharge any Participant whenever in the sole discretion of the Company its interest may so require.

		
	5.7
	Amendment or Termination of the Plan.  The Board of Directors of the Company reserves the right to amend or terminate the Plan at any time with respect to future Awards to Participants.  

		
	5.8
	Non-Exclusivity of Plan.  Neither the adoption of the Plan by the Board of Directors nor the submission of the Plan to stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board of Directors or the Committee to adopt such other incentive arrangements as either may deem desirable, including, without limitation, cash or equity-based compensation arrangements, either tied to performance or otherwise.

		
	5.9
	Governing Law.  The Plan and any Award agreements or arrangements hereunder shall be interpreted in accordance with the laws of the State of Delaware (without regard to its conflict of law provisions) and applicable federal law.

		
	5.10
	Compensation Recovery Policy.  Any Award granted to a Participant and any amount paid hereunder shall be subject to forfeiture or repayment pursuant to the terms of any applicable compensation recovery policy adopted by the Company, including any such policy that may be adopted to comply with the Dodd-Frank Wall Street Reform and 

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Consumer Protection Act or any rules or regulations issued by the Securities and Exchange Commission rule or applicable securities exchange.

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IN WITNESS WHEREOF, the Company has caused this Plan, as amended and restated, to be executed effective as of this 20th day of February, 2018.

FOR TERADATA CORPORATION
By:      
Name:      
Title:      

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