Document:

Letter Agreement with Peter Dorsman dated April 4, 2006

  
 Exhibit 10.1

  

			
	

		  	1700 South Patterson Boulevard
		  	Dayton, Ohio 45479

PERSONAL AND CONFIDENTIAL 
 April 4, 2006 
 Mr. Peter Dorsman 

3 Secretariat Lane 
 Saratoga, NY 12866

 Dear Peter: 
 I am delighted to
extend to you an offer of employment with NCR Corporation as the Vice President & General Manager, Systemedia, with an anticipated Start Date of April 17, 2006 (“Start Date”). As you know, this offer is contingent on the
approval of NCR’s Board of Directors. In this position, you will be based in Dayton, report directly to me and be a member of the NCR leadership team. Other details of the offer are as set forth below. 

Annual Base Salary – Your annual base salary will be Three Hundred Thousand Dollars ($300,000) per year,
commencing as of your effective Start Date. You will be paid on a bi-weekly pay schedule, one week in arrears. 

Incentive Award – You will be eligible to participate in NCR Corporation’s Management Incentive Plan for
Executive Officers (“MIP”), which provides year-end incentive awards based on the success of NCR Corporation in meeting annual performance objectives. For 2006, which has a payout in March 2007, you will be eligible for a target incentive
award of 60% of your base salary, with a maximum potential payout of 2x target, pro-rated for the number of months in which you are employed with NCR Corporation in 2006. In addition, for 2006, you will be eligible for a special “stretch”
bonus equal to 25% of your base salary based on the achievement of the performance goals set forth on Schedule A to this letter. You will also be eligible for a 10% incentive opportunity based on the achievement of specific diversity metrics in
2006, as determined by the Compensation & Human Resources Committee of the NCR Board of Directors. 
 Your annual
performance and compensation, including any future equity awards, will be assessed and determined in Q1 of each year by the Compensation & Human Resources Committee, and is subject to approval by the NCR Board of Directors. 

Hiring Grant – You will receive an equity grant with a value of $500,000, which will be delivered as follows:
50% in performance-based restricted shares and 50% in NCR Corporation Stock Options: 
 Performanced-based restricted shares:
Effective as of your Start Date, NCR Corporation will grant you performance-based restricted shares with a value of $250,000. The actual number of shared will be determined by taking the value of the award, or $250,000, and dividing it by the
average of the high and low prices of NCR stock as of your effective Start Date. The performance-based restricted shares will be subject to standard terms and conditions determined by the NCR Corporation Compensation & Human Resource
Committee. The performance-based restricted shares are based on NCR Corporation’s 

 Peter Dorsman 
 April 4, 2006 
  Page
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performance over a 3-year term, as determined through the achievement of NCR Corporation’s cumulative net operating profit. Based on actual company performance, participants can earn between
0% and 150% of the targeted number of shares at the end of the 3-year cumulative time period. 
 Stock Options: Effective
as of your Start Date, NCR Corporation will grant you nonqualified options to purchase shares of NCR Corporation common stock (the “Options”), with a value of $250,000. The actual number of options will be determined by taking the value of
the award, or $250,000, and dividing it by the Black-scholes value, or 39.9%, of the average of the high and low prices of NCR stock as of your effective Start Date. The options will be subject to standard terms and conditions determined by the NCR
Corporation Compensation & Human Resource Committee. The options will vest in 25% increments on each of the first four anniversaries of the Start Date, subject to your continued employment with the Company on each such anniversary date, and
will have an expiration of 10-years. 
 Hiring Bonus: You will receive a Twenty-five
Thousand Dollar ($25,000) gross hiring bonus, paid to you within thirty days of your effective Start Date. All applicable taxes will be withheld from this award. Your hiring bonus will not be treated as compensation for purposes of determining
employee benefits. In the event of a voluntary separation within 12 months from the effective Start Date of your employment, you will be required to reimburse NCR in full for the amount previously disbursed as your hiring bonus. 

Vacation: In recognition of your role and prior experience, you will be eligible for four weeks
of paid vacation. 
 NCR Benefits: On your first day of employment with NCR, you will automatically receive
core benefit coverage for yourself. NCR core benefit coverage includes: healthy care coverage, dental care coverage, short-term and long-term disability coverage, life insurance coverage, and accidental death and dismemberment insurance coverage.
You will have the opportunity to design your own personalized benefit elections through the company’s flexible benefits program. Upon receipt of your signed offer letter and employment documentation, NCR will establish your payroll record which
notifies the NCR Benefits Service Center to send a Benefits New Hire Package to your home address. You will have thirty (30) days from the date your benefits package is mailed to make your benefit elections. You also have this same thirty
(30) day period to enroll eligible dependents, whose coverage will be made retroactive to your Start Date. Open enrollment is conducted in the Fall of each calendar year. At that time, you will have an opportunity to make benefits elections for
the following year. 
 Additionally, you will be eligible to participate in the NCR Savings Plan (401(k)) and the NCR
Employee Stock Purchase Plan. Information about each program will be provided in the Benefits New Hire Package. 
 Please note
that based on your prior 18 years of service with AT&T/NCR Corporation, upon re-entering the NCR Savings Plan, you will be fully vested for all company contributions going forward. In addition, your prior employment with the company will count
towards vacation, short-term disability (STD), and reduction-in-force (RIF) benefit calculations and service awards. 

 Peter Dorsman 
 April 4, 2006 
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 Executive
Medical Exam Program – You will be eligible to participate in the Executive Medical Exam Program, which provides up to $5,000 on an annual basis for progressive diagnostic analysis by NCR Corporation’s provider of choice.
Additional information and specifics will be provided following your Start Date. This program is subject to amendment or termination by NCR. 
 Executive Financial Planning Program – You will be eligible to receive an annual payment of $12,000, less all applicable taxes, toward your individual financial planning needs.
NCR Corporation does not require you to utilize a specific financial institution or individual financial planner and is not liable for any events or circumstances related to the satisfaction or financial consequence of this plan. Prior to
disbursement of the pre-tax amount of $12,000, you will be required to sign a release statement provided by NCR Corporation confirming this release of responsibility and accountability. This program is subject to amendment or termination by NCR.

 Change in Control – Subject to approval by the Compensation and Human Resource Committee of the NCR
Board of Directors, you are eligible to participate in the NCR Corporation CIC Plan effective as of your Start Date. The plan is subject to amendment or termination by NCR. 
 This offer of employment is contingent on your agreement to the Conditions of Employment outlined in Attachment B, including the requirement of a negative drug screen. By signing this letter, you agree to
such Conditions. 
 This Agreement reflects the entire agreement regarding the terms and conditions of your employment. Accordingly, it
supersedes and completely replaces any prior oral or written communication on this subject. This Agreement is not an employment contract, and should not be construed or interpreted as containing any guarantee of continued employment or employment
for a specific term. The employment relationship at NCR is by mutual consent (employment-at-will), and the Company or you may discontinue your employment with or without cause at any time and for any reason or no reason. 

Peter, I am excited about the contributions, experience and knowledge you can bring to NCR. We are positioned to be extremely successful and I look
forward to you joining my senior management team and contributing to that success. 
  

	
	Sincerely
	
	/s/ William Nuti
	  
 William R. Nuti,

	President & Chief Executive Officer
	
	Agreed and accepted this 8th day of April, 2006.
	
	 /s/Peter Dorsman

	Peter Dorsman

 Peter Dorsman 
 April 4, 2006 
  Page
 4
 
  

  
 Schedule A

 Stretch Bonus Performance Goal 
 $21M in Systemedia two-sided Thermal printing license revenue for 2006 vs. the 2006 target level of $15M. 

 Peter Dorsman 
 April 4, 2006 
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 ATTACHMENT B

 CONDITIONS OF EMPLOYMENT 
 NCR requires employment candidates to successfully complete various employment documentation and processes. This offer of employment is conditioned upon your satisfying and agreeing to the criteria which
follow: drug screening test, education and employment verification, U.S. employment eligibility, NCR mutual agreement to arbitrate all employment related claims, NCR consent to collection of personal data, and non-competition and protection of trade
secrets. You assume any and all risks associated with terminating any prior or current employment, or making any financial or personal commitments based upon NCR’s conditional offer. 

 

	1.	Drug Screening Test: 

This offer of employment is conditioned upon your taking a urine drug screen test and our receipt of negative results from that test. By
accepting this offer and these conditions, you are giving NCR permission to release the results to NCR designated officials. 
  

	2.	Education and Employment Verification: 

 This offer of employment is conditioned upon the completion of full reference checks, verification of your education and employment history, and our satisfaction with the results. Depending on job
responsibilities, some positions may require that other aspects of your background be verified, such as criminal convictions and driving record. 
  

	3.	Employment Eligibility: 

NCR can only hire employees if they are legally entitled to work and remain in the country of the job location. In the United States, NCR
abides by the Immigration and Control Act of 1986. 
  

	4.	NCR Mutual Agreement to Arbitrate all Employment Related Claims: 

 As a condition of employment for any NCR position, you must read, understand and agree to the NCR Mutual Agreement to Arbitrate All Employment Related Claims. This document will be provided to you
by provided to you by your Human Resource Consultant. 
  

	5.	NCR Consent to Collection of Personal Data: 

 As a condition of employment you must read, understand and agree to the NCR Consent to Collection of Personal Data. The NCR Consent to Collection of Personal Data apprises you of NCR
personal data collection practices. This document will be provided to you by your Human Resource Consultant. 
  

	6.	Non-competition and Protection of Trade Secrets: 

 By accepting and signing NCR’s offer of employment, you certify to NCR that you are not subject to a non-competition agreement with any company which would preclude or restrict you from performing
the NCR position being offered in this letter. We also advise you of NCR’s strong policy of respecting the intellectual property rights of other companies. You should not bring with you to your NCR position any documents or materials designated
as confidential, proprietary or trade secret by another company, nor in any other way disclose trade secret information which employed by NCR.Reassignment No. 7 of Receivables in Removed Asset Pool One Accounts

  
 Exhibit 10.1

 REASSIGNMENT NO. 7 OF RECEIVABLES IN REMOVED ASSET POOL ONE 

ACCOUNTS 

REASSIGNMENT NO. 7 OF RECEIVABLES IN REMOVED ASSET POOL ONE ACCOUNTS (this “Reassignment”), dated as of October 28, 2010,
by and between CHASE ISSUANCE TRUST, (the “Trust”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Collateral Agent”), pursuant to the Asset Pool One Supplement referred to below. 

W I T N E S S E T H: 

WHEREAS, the Trust and the Collateral Agent are parties to the Second Amended and Restated Asset Pool One Supplement, dated as of
December 19, 2007, to the Third Amended and Restated Indenture, dated as of December 19, 2007, (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One
Supplement”); 
 WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to remove from Asset Pool One all
Asset Pool One Receivables in certain designated Asset Pool One Accounts (the “Removed Asset Pool One Accounts”) and to cause the Collateral Agent to reassign the Asset Pool One Receivables of such Removed Asset Pool One Accounts, whether
now existing or hereafter created, from the Collateral Agent to the Trust; and 
 WHEREAS the Collateral Agent is willing to
accept such designation and to reconvey the Asset Pool One Receivables in the Removed Asset Pool One Accounts subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Owner Trustee, on behalf of the Trust, and the Collateral Agent hereby agree as follows: 
  

	1.	Defined Terms. All terms defined in the Asset Pool One Supplement and the Third Amended and Restated Transfer and Servicing Agreement, dated as of
December 19, 2007, as amended by the First Amendment to the Third Amended and Restated Transfer and Servicing Agreement, dated as of May 8, 2009, and used herein shall have such defined meanings when used herein, unless otherwise defined
herein. 

 “Removal Cut Off Date” shall mean, with respect to the Removed Asset Pool One Accounts,
September 30, 2010. 

  
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 “Removal
Date” shall mean, with respect to the Removed Asset Pool One Accounts designated hereby, October 28, 2010. 

“Removal Notice Date” shall mean, with respect to the Removed Asset Pool One Accounts, October 20, 2010. 

 

	2.	Designation of Removed Asset Pool One Accounts. No later than five Business Days after the Removal Date, or as otherwise agreed upon between the Trust and the
Collateral Agent, the Trust will deliver to the Collateral Agent a computer file containing a true and complete list of all Removed Asset Pool One Accounts identified by account number and the aggregate amount of Asset Pool One Principal Receivables
in each Removed Asset Pool One Account as of the Removal Cut Off Date, which computer file shall as of the Removal Date modify and amend and be made part of the Asset Pool One Supplement. 

 

	3.	Conveyance of Receivables. The Collateral Agent does hereby reassign to the Trust, without recourse, on and after the Removal Date, all right, title and interest
of the Collateral Agent in, to and under the Asset Pool One Receivables now existing and hereafter created from time to time in the Removed Asset Pool One Accounts identified on Schedule 1 to this Reassignment, all Interchange and Recoveries
related thereto, all monies due or to become due (including all Asset Pool One Finance Charge Collections) and all amounts received or receivable with respect thereto and all proceeds (as defined in the UCC as in effect in the applicable
jurisdiction) thereof (the “Removed Collateral”). 

  

	4.	Conditions Precedent. The reassignment hereunder of the Asset Pool One Receivables in the Removed Asset Pool One Accounts and the amendment of the Asset Pool One
Supplement pursuant to Section 7 of this Reassignment are each subject to the satisfaction, on or prior to the Removal Date, of the conditions set forth in Section 2.5(b) of the Asset Pool One Supplement. 

 

	5.	Representations and Warranties. The Trust hereby represents and warrants to the Collateral Agent as of the Removal Date: 

 

	 	(a)	Legal Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust, in accordance
with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except
as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity); and 

  
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	 	(b)	List of Removed Asset Pool One Accounts. The list of Removed Asset Pool One Accounts is and will be true and complete in all material respects when delivered
pursuant to subsection 2.5(b)(ii) of the Asset Pool One Supplement. 

  

	6.	Representations and Warranties of the Servicer. No selection procedures believed by the Servicer to be materially adverse to the interests of the Noteholders
were utilized in selecting the Removed Asset Pool One Accounts to be removed from the Trust and either (I) a random selection procedure was used by the Servicer in selecting the Removed Asset Pool One Accounts and only one such removal of
randomly selected Asset Pool One Accounts shall occur in the then current Monthly Period, (II) the Removed Asset Pool One Accounts arose pursuant to an affinity, private-label, agent-bank, co-branding or other arrangement with a third party that has
been cancelled by such third party or has expired without renewal and which by its terms permits the third party to repurchase the Removed Asset Pool One Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party
has exercised such repurchase right or (III) the Removed Asset Pool One Accounts were selected using another method that will not preclude transfers from being accounted for as sales under generally accepted accounting principles or prevent the
Trust from continuing to qualify as a qualifying special purpose entity in accordance with SFAS No. 140. 

  

	7.	Amendment of the Asset Pool One Supplement. The Asset Pool One Supplement is hereby amended to provide that all references therein to the “Asset Pool One
Supplement,” to “this Asset Pool One Supplement” and “herein” shall be deemed from and after the Removal Date to be a dual reference to the Asset Pool One Supplement as supplemented by this Reassignment. All references
therein to the Asset Pool One Accounts shall be deemed not to include the Removed Asset Pool One Accounts designated hereunder and all references to Asset Pool One Receivables shall be deemed not to include the Asset Pool One Receivables reassigned
hereunder. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and shall remain, in full force and effect in
accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Asset Pool One Supplement.

  
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	8.	Release. 

  

	 	(a)	The Collateral Agent hereby expressly terminates, relinquishes, releases, discharges and renders ineffective any and all security interests, liens, mortgages and
encumbrances, as against the Trust, any transferee of the Trust and any person claiming title to or an interest in the Removed Collateral through any such person, or any successor or assign of any of the foregoing (all such persons and entities
being referred to individually as a “Transferee” and collectively as the “Transferees”), any and all right, title, benefit, interest or claim whatsoever, present or future, actual or contingent (collectively, “Rights”),
owned or held by the Collateral Agent to, against or in respect of the Removed Collateral. 

  

	 	(b)	In case any provision of this Reassignment shall be rendered invalid, illegal or unenforceable in any jurisdiction, the Collateral Agent hereby acknowledges that its
interest in the Removed Collateral is subordinate and junior to the security interest of any Transferee and hereby expressly agrees that any security interest it may have in any Removed Collateral is and shall remain subordinate and junior to all
security interests granted by a Transferee, regardless of the time of the recording, perfection or filing thereof or with respect thereto. 

  

	 	(c)	The Collateral Agent acknowledges and agrees that the Transferees and their representatives are expressly entitled to rely on the provisions of this Section 8, it
being the intent of the Collateral Agent that the Transferees will acquire title to the Removed Collateral purchased by them free of any Rights owned or held by the Collateral Agent to, against or in respect of the Removed Collateral.

  

	9.	Counterparts. This Reassignment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an
original, but all of which shall constitute one and the same instrument. 

  

	10.	GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS,
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

  

	11.	 Limitation of Liability. Notwithstanding any other provision herein or elsewhere, this Reassignment has been executed and delivered by
Wilmington 

  
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Trust Company on behalf of the Trust, not in its individual capacity, but solely in its capacity as Owner Trustee, in no event shall Wilmington Trust Company in its individual capacity have any
liability in respect of the representations, warranties, or obligations of the Trust hereunder or under any other document, as to all of which recourse shall be had solely to the assets of the Trust, and for all purposes of this Reassignment and
each other document, the Owner Trustee (as such or in its individual capacity) shall be subject to, and entitled to the benefits of, the terms and provisions of the Trust Agreement. 

 

	12.	Authorization. The Collateral Agent hereby authorizes Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”) to file any financing statements or
continuation statements, and amendments to financing statements, in any jurisdictions and with any filing offices as Skadden may determine, in its sole discretion, are necessary or advisable to reflect the reassignment to the Trust pursuant to
Section 3 hereof. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as Skadden may determine,
in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Trust in connection herewith, including, without limitation, describing such property as “all
assets” or “all personal property.” 

  
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 IN WITNESS WHEREOF,
the Owner Trustee, on behalf of the Trust, and the Collateral Agent have caused this Reassignment to be duly executed by their respective officers as of the day and year first above written. 

 

							
	CHASE ISSUANCE TRUST
		
	By:	 	 WILMINGTON TRUST COMPANY,
 not in its individual capacity but solely as Owner Trustee on behalf of the Trust

			
		 	By:	 	             /s/ Jennifer A.
Luce

			
		 		 	Name: Jennifer A. Luce
		 		 	Title: Assistant Vice President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Collateral
Agent,

			
		 	By:	 	             /s/ Cheryl
Zimmerman

		 		 	Name: Cheryl Zimmerman
		 		 	Title: Vice President

Chase Issuance Trust Reassignment No. 7 – APO 
 Reassignment No. 7 of Receivables in Removed Asset Pool One Accounts 

  
 Schedule 1

 REMOVED ASSET POOL ONE ACCOUNTS 
 [Delivered to the Collateral Agent] 

  
 7

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