Document:

BTH-12.31.2013-EX10.13

PERSONAL & CONFIDENTIAL

February 24, 2014

[Name]
[Address 1]
[Address 2]

Dear [Name],

As we have discussed, ViSalus, Inc. (the “Company”) is offering you participation in a Long-Term Incentive Program (“LTIP”) in exchange for your agreement to defer your receipt of a portion of your 2014 salary until March 15, 2015, as described below. If you agree to the terms of this letter agreement, please complete the deferral election box below and sign where indicated below on or before February 28, 2014. The LTIP is subject to the approval of the boards of directors of the Company and Blyth, and will be requested in early March. If the boards approve the LTIP, the amount of base salary you elect to defer below (“your Deferred Amount”) will be paid to you on March 15, 2015. 

If you elect to make a deferral and agree to the Benefit Reduction (defined below), in addition to being repaid your Deferred Amount, you will be granted an award under the LTIP (subject to board approval). The LTIP award is a performance award payable in cash. The amount of your LTIP award will depend on your Deferred Amount. If you elect to defer under 50% of your base salary during the deferral period, the LTIP award will equal your Deferred Amount. If you elect to defer 50% or more of your base salary during the deferral period, the LTIP award will equal two (2) times your Deferred Amount. The LTIP award will be paid if the Company attains the Performance Target (described below) and you continue to be employed by the Company through the LTIP payment date. The LTIP payment will occur as soon as practicable after the Company attains, and calculates, the Performance Target (which will be the same date for all participants in the LTIP).

The “Performance Target” means the trailing twelve month EBIT (earnings of the Company before interest expenses and taxes) of $20 million or more, calculated based on the Company’s pro-forma financial statements prepared in accordance with GAAP. 

Deferral Election:

		
	•
	I elect to defer __% of the Base Salary (as defined in my Employment Agreement) payable to me for services performed from March 24, 2014 through September 19, 2014 excluding health and wellness benefit premiums. Initial here:  _____

Benefit Reduction

You agree that you will not be eligible to earn an Annual Bonus in respect to calendar year 2014 and that matching contributions will not be made to your account under the ViSalus, Inc. 401(k) Plan for the remainder of the 2014 plan year effective with the salary deferral (collectively, the “Benefit Reduction”).  

Please note that this letter agreement does not give you any right to employment or continued employment with the Company or any of its affiliates for any period of time.  You acknowledge and agree that, notwithstanding any provision to the contrary in your Employment Agreement, entered as of June 26, 2013, by and between you and the Company (the “Employment Agreement”), (a) the amounts deferred hereunder will be paid in accordance with the terms hereof, and (b) the Benefit Reduction shall not constitute grounds for your resignation for Good Reason (as defined in the Employment Agreement) nor a breach of Sections 5(b) and 5(d) of the Employment Agreement, and you will not claim otherwise. This letter agreement may not be changed orally but only by an agreement in writing signed by you and the Company.

{01787047; 2; 8421-1 }        

PERSONAL & CONFIDENTIAL

 
The Board of Directors of the Company shall have the power to interpret and administer this letter agreement and to make any determination and take any action that the Board deems necessary for the administration of this letter agreement, and any such interpretation, determinations or action shall be binding on all persons.

It is intended that your Deferred Amount will be exempt from Section 409A of the Internal Revenue Code of 1986, as amended. 

If you have any questions about this program, please contact me.

Sincerely yours,

Tyler P. Schuessler
Chief Administrative Officer

Acknowledged and Agreed:

________________________Date: February ___, 2014
[Name]

{01787047; 2; 8421-1 }BTH-12.31.2013-EX10.15a

THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST PURSUANT TO RULE 24B-2. REDACTED MATERIAL IS MARKED WITH [***] AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

AMENDMENT
TO UNITY PLATFORM SOFTWARE AND HOSTING AGREEMENT

This Amendment to Unity Platform Software Licensing and Hosting Agreement (this “Amendment”) is made as of February 5, 2014 (the “Effective Date”), between Visalus, Inc., a Nevada corporation (“Client”), and iCentris, Inc., a Utah corporation (“iCentris”).

WHEREAS, iCentris and Client are Parties to the Unity Platform Software and Hosting Agreement dated April 20, 2010, as amended on September 30, 2010, March 15, 2011, and June 1, 2012 (collectively, “Agreement”); 

WHEREAS, the Parties desire to amend the Agreement, as set forth in this Amendment, to extend the term of the Agreement through June 1, 2016 and update the licensing fee for the Unity Platform.

ACCORDINGLY, the Parties agree as follows:

1.Definitions.  All terms defined in the preamble or within this Amendment have their assigned meanings, and all other capitalized terms have the meaning assigned to them in the Agreement.

2.Amendments.

2.1.    Section 4 of the amendment to the Agreement dated June 1, 2012 is amended by deleting “the term of this Agreement shall be for a period of two (2) years beginning on the Effective Date and ending on the second anniversary of the Effective Date (the “Initial Term”)” and inserting in its place “the term of this Agreement shall be for a period of four (4) years beginning on the Effective Date and ending on the fourth anniversary of the Effective Date (the “Initial Term”).”

2.2.    The first sentence of Section 1.1 of Exhibit A contained in the amendment dated June 1, 2012 is deleted in its entirety and replaced with the following:

Client shall pay to iCentris a licensure fee each calendar month of the Term on or before the 15th day of each calendar month (“Licensure Fee”), as follows: 
(1) Beginning on the Effective Date of this Agreement and ending the month of
December 2013, the monthly Licensure Fee is *** Dollars ($***); (2) Beginning in January 2014 and ending the month of June 2014, the monthly Licensure Fee is *** Dollars ($***); 
(3) Beginning in July 2014 and ending the month of June 2015, the monthly Licensure Fee is *** Dollars ($***); and (4) Beginning in July 2015 and ending the month of June 2016, the monthly Licensure Fee is *** Dollars ($***).

3.Continuation of Agreement.  Except for the modifications expressly made by this Amendment, the Agreement remains unchanged and in full force and effect.
[Signature page follows]

IN WITNESS WHEREOF, the Parties have executed this Amendment by their duly authorized representatives as of the Effective Date. 

	
	
	ICENTRIS, INC., a Utah corporation

/s/ Peter Benedict   
By: Peter Benedict
Its: CEO

	

	VISALUS, INC., a Nevada corporation

/s/ John Tolmie   
By: John Tolmie
Its: CFODLTR-2014-02-01-10K-Ex 10.53

Exhibit 10.51

POST-RETIREMENT BENEFITS AGREEMENT
This POST-RETIREMENT BENEFITS AGREEMENT (the “Agreement”) is made this 4th day of November, 2013, by and between Dollar Tree, Inc., on behalf of itself and its affiliated companies (collectively “Dollar Tree” or “Company”) and J. Douglas Perry (“Mr. Perry”).  
WHEREAS, Mr. Perry has been actively involved in Dollar Tree’s business since its inception as a founder, stockholder, officer, and director; and
WHEREAS, Mr. Perry has retired from active employment with Dollar Tree but continues to serve as a director; and
WHEREAS, Dollar Tree desires to reward Mr. Perry for his past services by providing him with non-discretionary retirement benefits that do not depend upon future service to Dollar Tree. 
NOW, THEREFORE, in consideration of the premises and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
		
	1.
	Post-Retirement Benefits.  In consideration of Mr. Perry’s past services to Dollar Tree, the Company hereby agrees to 

		
	a.
	pay a post-retirement benefit to Mr. Perry in the gross amount of $30,000.00 per annum during his lifetime.  Such amount shall be paid in equal quarterly installments or as otherwise agreed upon between the parties.  Mr. Perry acknowledges that taxes including, without limitation, state and federal income taxes, social security and Medicare, shall be withheld from this amount to the extent required by law.  

		
	b.
	permit Mr. Perry and his spouse to be fully eligible to participate in the group health insurance maintained by the Company, currently the Dollar Tree UnitedHealthcare Choice Plus Plan and any successor insurance coverage that may be offered by the Company from time to time, so long as Mr. Perry and/or his spouse pay the full cost of such insurance coverage on an after-tax basis.  Notwithstanding the foregoing, in the event that providing Mr. Perry and his spouse continued eligibility under the Company's group health plan (the "continuation coverage") is determined to be discriminatory pursuant to Section 105(h) of the Internal Revenue Code of 1986, as amended (the "Code"), or Section 2716 to the Public Health Service Act or to otherwise violate applicable law, then the parties shall use their best efforts to amend the Agreement such that the continuation coverage is not discriminatory or complies with applicable law.

		
	2.
	Termination.  This Agreement may only be terminated by written agreement of Mr. Perry and Dollar Tree.

		
	3.
	Successors in Interest.  This Agreement shall be binding upon and shall inure to the benefit of any and all successors and assigns of the Company.  The rights and interests of Mr. Perry and his spouse under this Agreement are personal and not assignable.  

63

		
	4.
	Code Section 409A.  All payments made and benefits provided under this Agreement are intended to comply with Code Section 409A and the regulations promulgated thereunder, and the provisions of this Agreement shall be interpreted and construed as necessary to comply with such intent.  To the extent any provision of this Agreement does not comply with Code Section 409A, such provisions shall be deemed amended to comply.

		
	5.
	Miscellaneous.  This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia.  This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereto and specifically replaces the Consulting Agreement between the parties dated February 1, 2005.  No amendment, modification, or supplement hereto shall be of any force or effect unless it is in writing and signed by all of the parties hereto.  Mr. Perry’s spouse is an intended third party beneficiary of this Agreement.  

WITNESS the following signatures and seals, effective as of the day and year first above written.  

Dollar Tree, Inc.

/s/ Bob Sasser_______________________
By: _Bob Sasser ___________________
Its: _Chief Executive Officer__________

J. Douglas Perry

_/s/ J. Douglas Perry_________________

64

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}]]