Document:

Form of Performance Phanton Unit Grant Agreement for Officers/Employees

 Exhibit 10.1 
 Long-Term Incentive Plan 
 Performance Phantom Unit Grant Agreement

Grantee:                       
                                    

Grant
Date:                                        
             
 Performance
Period:                                     

  

	1.	Grant of Performance Phantom Units. DCP Midstream GP, LLC (the “Company”) hereby grants to you
            Performance Phantom Units (“PPUs”) under the DCP Midstream Partners, LP Long-Term Incentive Plan (the “Plan”) on the terms and conditions set forth
herein. The number of PPUs has been determined based on the closing price of DCP Midstream Partners, LP Common Units on the Grant Date and includes a tandem distribution equivalent right (“DER”) grant with respect to each PPU. The Company
will establish a DER bookkeeping account for you with respect to each PPU granted that shall be credited with an amount equal to the cash distributions made with respect to the Partnership’s Common Units. Unless otherwise defined herein, terms
used, but not defined, in this Grant Agreement shall have the same meaning as set forth in the Plan. 

  

	2.	Performance Goals and Vesting. The PPUs granted hereunder shall become Vested only if (i) the Performance goals set forth in the Performance Schedule
attached hereto are achieved at the end of the Performance Period and (ii) you have not ceased to be an Employee (“Termination of Service”) prior to the end of the Performance Period, except as provided in Paragraph 3 below. To the
extent the Performance goals are not achieved, the PPUs shall be forfeited automatically at the end of the Performance Period without payment. 

  

	3.	Contingent Vesting Events. You may become “contingently” Vested prior to the end of the Performance Period as provided below, but unless
the Performance goals for the Performance Period are achieved, you will not become entitled to a payment with respect to a PPU. 

  

	 	(a)	Death, Disability or Layoff. If you incur a Termination of Service after the first anniversary of the Grant Date as a result of your: (i) death,
(ii) disability that entitles you to benefits under the Company’s long-term disability plan, or (iii) involuntary termination by the Company for reasons other than “Cause,” as determined by the Company in accordance with its
employment policies, a percentage of your PPUs will become contingently Vested in a pro-rata share (rounded up to the nearest whole PPU) based on the number of days in the Performance Period that have lapsed through the date of your Termination of
Service over the total number of days in the Performance Period. The number of your PPUs that do not become contingently Vested as provided above will be forfeited automatically on the date of your Termination of Service without payment.

  

	 	(b)	Retirement. If your Termination of Service occurs after the first anniversary of the Grant Date due to your retirement on or after attaining age 55 and
completing five (5) continuous years of service with the Company or its Affiliates, you will also become contingently Vested in a pro-rata share of your PPUs. 

 

	 	(c)	Other Terminations of Service. If your Termination of Service occurs prior to the end of the Performance Period for any reason other than as provided in
Paragraphs 3(a) or (b) above, all of your PPUs shall be forfeited without payment automatically upon the date of your Termination of Service. 

	4.	Change of Control. If a Change of Control occurs prior to the end of the Performance Period the following will occur: (i) if there is no change in
job (same status) within twelve (12) months of the Change of Control, PPUs will be replaced with equivalent ownership interests of the new enterprise; however (ii) if you are severed or your job is lower in status within twelve
(12) months of the Change of Control, the Performance Period terminates and all PPUs will become immediately Vested. For purposes of this Agreement, a Change of Control means any person other than DCP Midstream, LLC and/or an affiliate thereof
becomes the beneficial owner of more than 50% of the combined voting power of the Company’s equity interests. 

  

	5.	Payments. 

  

	 	(a)	 PPUs. As soon as administratively practicable after the end of the Performance Period the Committee will determine whether, and the
extent to which, the Performance goals set forth on the Performance Schedule have been achieved and the number of your PPUs that have become Vested as a result of such achievement. The Company will then either pay you cash or issue you DCP Midstream
Partners, LP Common Units, or a combination thereof, at the sole discretion of the Compensation Committee. If payment is made in cash, such payment will be made in a lump sum equal to the then average closing price of your Vested PPUs based on the
last twenty trading days immediately prior to the end of the Performance Period (“Valuation Date”), less any taxes the Company is required to withhold from such payment. If the Compensation Committee decides to settle your PPUs in DCP
Midstream Partners, LP Common Units, the PPUs that have become Vested will be exchanged for a like number of DCP Midstream Partners, LP Common Units, less any taxes the Company is required to withhold from such payment, valuing such PPUs and
applicable tax withholding as of the settlement date. Payment will be made as soon as practicable after the end of the Performance Period, but no later than
2 1/2 months following the end of the Plan year in
which the Performance Period terminates unless deferred into the Executive Deferred Compensation Plan in accordance with Code Section 409A, less all applicable taxes required to be withheld therefrom. 

 

	 	(b)	 DERs. As soon as administratively practicable after the end of the Performance Period (but no later than 2 1/2 months following the end of the Plan year in which the Performance
Period terminates), the Company shall pay you, with respect to each PPU that became Vested at the end of the Performance Period, an amount of cash equal to the DERs credited to your DER account during the Performance Period with respect to such
Vested PPUs less all applicable taxes required to be withheld therefrom. 

  

	6.	Limitations Upon Transfer. All rights under this Agreement shall belong to you alone and may not be transferred, assigned, pledged, or hypothecated by you
in any way (whether by operation of law or otherwise), other than by will or the laws of descent and distribution or by a beneficiary designation form filed with the Company in accordance with the procedures established by the Company for such
designation, and shall not be subject to execution, attachment, or similar process. Upon any attempt by you to transfer, assign, pledge, hypothecate, or otherwise dispose of such rights contrary to the provisions in this Agreement or the Plan, or
upon the levy of any attachment or similar process upon such rights, such rights shall immediately become null and void. 

  

	7.	Binding Effect. This Agreement may be assigned to any successor or successors of the Company and is binding upon and inures to the benefit of any person
lawfully claiming under you. 

  

	8.	Entire Agreement. This Agreement along with the Plan constitutes the entire agreement of the parties with regard to the subject matter hereof, and
contains all the covenants, promises, representations, warranties and agreements between the parties with respect to the PPUs granted hereby. Without limiting the scope of the preceding sentence, all prior understandings and agreements, if any,
among the parties hereto relating to the subject matter hereof are hereby null and void and of no further force and effect. 

  
 -2-

	9.	Modifications. Any modification of this Agreement shall be effective only if it is in writing and signed by both you and an authorized officer of the
Company. 

  

	10.	Governing Law. This grant shall be governed by, and construed in accordance with, the laws of the State of Colorado, without regard to conflicts of laws
principles thereof. 

  

	11.	Plan Controls. By accepting this Grant, you acknowledge and agree that the PPUs are granted under and governed by the terms and conditions of this
Agreement and the Plan, a copy of which has been furnished to you. In the event of any conflict between the Plan and this Agreement, the terms of the Plan shall control. All decisions or interpretations of the Committee upon any questions relating
to the Plan or this Agreement are binding, conclusive and final on all persons. 

  

			
	DCP MIDSTREAM GP, LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 

			
	Grantee Acknowledgement and Acceptance
		
	By:	 	  

		
	Name:	 	  

  
 -3-

 Performance Schedule 
 The Performance Period is                      through
                    . Vesting for Performance Phantom Units will range from 0% - 200% with no payout if threshold performance is not achieved
as determined by the Compensation Committee of the Board of Directors in its sole and absolute discretion. 
 The measure
determining the number of performance units that vest over the Performance Period will be total shareholder return (TSR). The peer group for measuring TSR is set forth in Attachment A. If the TSR ranking over the Performance Period is equal or less
than the 25th percentile, 0% to 50% of the performance
units will vest, as determined by the Compensation Committee. If the TSR ranking over the Performance Period is greater than the 25th percentile but less than or equal to the 50th percentile, 50% to 100% of the performance units will vest, as determined by the Compensation Committee. If the TSR
ranking over the Performance Period is greater than the
50th percentile but less than or equal to the 75th percentile, 100% to 150% of the performance units will vest, as
determined by the Compensation Committee. If the TSR ranking over the Performance Period is greater than the
75th percentile, 150% to 200% of the performance units
will vest, as determined by the Compensation Committee. TSR is computed by using data obtained from Bloomberg for the attached peer group and will incorporate the average closing prices of the twenty trading days ending on December 31,
         and December 31,         . In addition: 
  

	 	•	 	 If any company originally named to the TSR peer group becomes insolvent during the Performance Period, it will remain a member of the peer group for
purposes of ranking peer group TSR, but it will drop to the bottom of the TSR ranking. 

  

	 	•	 	 If any member of the peer group is acquired by a company outside of the peer group, it will fall out of the peer group. 

 

	 	•	 	 If there is a combination of any of the peer group companies during the Performance Period, the performance of the surviving entities will be used

  

	 	•	 	 No new companies will be added to the peer group during the Performance Period (including a non-peer group company that acquires a member of the peer
group). 

  
 -4-

					
		  		  	Attachment A
			
		  	Ticker	  	
	1	  	CPNO	  	Copano
	2	  	CMLP	  	Crestwood Midstream Partners
	3	  	DPM	  	DCP Midstream Partners
	4	  	DEP	  	Duncan Energy Partners
	5	  	EEP	  	Enbridge Energy Partners
	6	  	EPD	  	Enterprise Products Partners
	7	  	NYGY	  	Inergy
	8	  	MWE	  	MarkWest
	9	  	OKS	  	ONEOK Partners
	10	  	PVR	  	Penn Virginia Resources
	11	  	RGNC	  	Regency
	12	  	NGLS	  	Targa Resources
	13	  	WES	  	Western Gas Partners
	14	  	WPZ	  	Williams Partners

  
 -5-Seventh Supplemental Indenture to the Floating Senior Indenture

 Exhibit 4.1h 
 SEVENTH SUPPLEMENTAL INDENTURE, dated as of July 27, 2010 (this “Supplemental Indenture”), among Insurance Auto Auctions Tennessee LLC, a Tennessee limited liability company (the
“Subsidiary Guarantor”), KAR Auction Services, Inc. (formerly known as KAR Holdings, Inc.), a Delaware corporation (the “Company,” which term includes its successors and assigns), each other then existing Guarantor
under the Indenture referred to below (the “Existing Guarantors” and, together with the Subsidiary Guarantor, the “Guarantors”), and Wells Fargo Bank, National Association, as trustee (the
“Trustee”) under the Indenture referred to below. 
 WITNESSETH: 

WHEREAS, the Company, the Existing Guarantors and the Trustee have heretofore become parties to an Indenture, dated as of April 20,
2007 (as amended, supplemented or otherwise modified, the “Indenture”), providing for the issuance of Floating Rate Senior Notes due 2014 of the Company (the “Notes”); 

WHEREAS, Section 1308 of the Indenture provides that the Company is required to cause the Subsidiary Guarantor to execute and
deliver to the Trustee a supplemental indenture pursuant to which the Subsidiary Guarantor shall guarantee the Company’s Subsidiary Guaranteed Obligations under the Notes pursuant to a Subsidiary Guarantee on the terms and conditions set forth
herein and in Article XIII of the Indenture; 
 WHEREAS, the Subsidiary Guarantor desires to enter into such supplemental
indenture for good and valuable consideration, including substantial economic benefit in that the financial performance and condition of the Subsidiary Guarantor is dependent on the financial performance and condition of the Company, the obligations
hereunder of which the Subsidiary Guarantor has guaranteed, and on the Subsidiary Guarantor’s access to working capital through the Company’s access to revolving credit borrowings under the Senior Credit Agreement; and 

WHEREAS, pursuant to Section 901 of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental
Indenture to amend the Indenture, without the consent of any Holder; 
 NOW, THEREFORE, in consideration of the foregoing and
for other good and valuable consideration, the receipt of which is hereby acknowledged, the Subsidiary Guarantor, the Company, the Existing Guarantors and the Trustee mutually covenant and agree for the benefit of the Holders of the Notes as
follows: 
 1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble
or recital hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and
not to any particular Section hereof. 

 2. Agreement to Guarantee. The Subsidiary Guarantor hereby agrees, jointly and
severally with the other Guarantors, irrevocably, fully and unconditionally, to guarantee the Subsidiary Guaranteed Obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in Article XIII of the
Indenture and to be bound by (and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a Subsidiary Guarantor. 
 3. Termination, Release and Discharge. The Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and the Subsidiary Guarantor shall be released and
discharged from all obligations in respect of the Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture. 
 4. Parties. Nothing in this Supplemental Indenture is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under
or in respect of the Subsidiary Guarantor’s Subsidiary Guarantee or any provision contained herein or in Article XIII of the Indenture. 
 5. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRUSTEE, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE
NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS SUPPLEMENTAL INDENTURE. 
 6. Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture
for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the
accuracy of the recitals to this Supplemental Indenture. 
 7. Counterparts. The parties hereto may sign one or more
copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement. 
 8.
Headings. The Section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

[Remainder of this page intentionally left blank] 

  
 2 

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

					
	 INSURANCE AUTO AUCTIONS TENNESSEE LLC,
 as Subsidiary Guarantor

		
	By 	 	/s/ Sidney L. Kerley
		 	Name:	 	Sidney L. Kerley
		 	Title:	 	Vice President, General Counsel and Secretary
	
	KAR AUCTION SERVICES, INC.
		
	By	 	/s/ Rebecca Polak
		 	Name:	 	Rebecca Polak
		 	Title:	 	Executive Vice President, General Counsel and Secretary

 [Signature Page to Seventh Supplemental Indenture—Floating Rate Notes] 

 ADESA, INC. 
 ADESA CORPORATION, LLC 
 A.D.E. OF ARK-LA-TEX, INC. 

A.D.E. OF KNOXVILLE, LLC 
 ADESA ARK-LA-TEX, LLC 
 ADESA ARKANSAS, LLC 

ADESA ATLANTA, LLC 
 ADESA BIRMINGHAM, LLC 
 ADESA CALIFORNIA, LLC 

ADESA CHARLOTTE, LLC 
 ADESA COLORADO, LLC 
 ADESA DEALER SERVICES, LLC 

ADESA DES MOINES, LLC 
 ADESA FLORIDA, LLC 
 ADESA IMPACT TEXAS, LLC 

ADESA INDIANAPOLIS, LLC 
 ADESA LANSING, LLC 
 ADESA LEXINGTON, LLC 

ADESA MEXICO, LLC 
 ADESA MINNESOTA, LLC 
 ADESA MISSOURI, LLC 

ADESA MISSOURI REDEVELOPMENT CORPORATION 
 ADESA NEW JERSEY, LLC 
 ADESA NEW YORK, LLC 

ADESA OHIO, LLC 

ADESA OKLAHOMA, LLC 
 ADESA PENNSYLVANIA, LLC 
 ADESA PHOENIX, LLC 

ADESA SAN DIEGO, LLC 
 ADESA-SOUTH FLORIDA, LLC 
 ADESA SOUTHERN INDIANA, LLC 

ADESA TEXAS, INC. 
 ADESA VIRGINIA, LLC 
 ADESA WISCONSIN, LLC 

AFC CAL, LLC 

ADS ASHLAND, LLC 
 ADS PRIORITY TRANSPORT LTD. 
 ASSET HOLDINGS III, L.P. 

AUTO DEALERS EXCHANGE OF CONCORD, LLC 
 AUTO DEALERS EXCHANGE OF MEMPHIS, LLC 
 AUTO DISPOSAL SYSTEMS, INC. 

AUTO PORTFOLIO SERVICES, LLC 
 AUTOMOTIVE FINANCE CONSUMER DIVISION, LLC 
 AUTOMOTIVE FINANCE CORPORATION

 [Signature Page to Seventh Supplemental Indenture—Floating Rate Notes] 

 AUTOMOTIVE RECOVERY SERVICES, INC. 

AUTOVIN, INC. 

AXLE HOLDINGS, INC. 
 CARBUYCO, LLC 
 DENT DEMON, LLC 

INSURANCE AUTO AUCTIONS, INC. 
 INSURANCE AUTO AUCTIONS CORP. 
 IAA ACQUISITION CORP. 

IAA SERVICES, INC. 
 LIVEBLOCK AUCTIONS INTERNATIONAL, INC. 
 PAR, INC. 

SALVAGE DISPOSAL COMPANY OF GEORGIA 
 SIOUX FALLS AUTO AUCTION, INC. 
 TRI-STATE AUCTION CO., INC. 

ZABEL & ASSOCIATES, INC. 
  

					
	By 	 	/s/ Eric M. Loughmiller
		 	Name:	 	Eric M. Loughmiller
		 	Title:	 	Authorized Signatory

 [Signature
Page to Seventh Supplemental Indenture—Floating Rate Notes] 

 
					
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee

		
	By 	 	/s/ Gregory S. Clarke
		 	Name:	 	Gregory S. Clarke
		 	Title:	 	Vice President

 [Signature Page to
Seventh Supplemental Indenture—Floating Rate Notes]

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