Document:

Exhibit 10.1

 

AMENDMENT
NUMBER TWO

TO
THE ALLIANCE GAMING CORPORATION

AMENDED
AND RESTATED

2001
LONG TERM INCENTIVE PLAN

 

WHEREAS,
Bally Technologies, Inc., a Nevada corporation formerly known as Alliance
Gaming Corporation (the “Company”), adopted the Alliance Gaming Corporation
Amended and Restated 2001 Long Term Incentive Plan (the “Plan”), which Plan was
originally approved by the stockholders of the Company on December 11,
2001 and was amended and restated on June 30, 2004;

 

WHEREAS,
the Company has determined that an
amendment should be made to the Plan to increase the number of shares of common
stock of the Company, par value $0.10 per share (the “Common Stock”), issuable
thereunder to 10,550,000 shares, which increase was approved by affirmative
vote of the holders of a majority of the shares of Common Stock present and
entitled to vote at the annual meeting of stockholders held on March 6,
2006;

 

WHEREAS,
the Company has determined that an amendment should be made to the Plan to
change the name thereof from the Alliance Gaming Corporation Amended and
Restated 2001 Long Term Incentive Plan to the Bally Technologies, Inc.
Amended and Restated 2001 Long Term Incentive Plan; and

 

WHEREAS,
the Company is authorized to amend the Plan pursuant to Section 18 thereof.

 

NOW, THEREFORE,
the Plan is hereby amended as follows:

 

1.                                       That the
title of the Plan is amended by replacing Alliance
Gaming Corporation with Bally
Technologies, Inc., so that the title, as amended, reads in its
entirety as follows:

 

The Bally Technologies, Inc. Amended and
Restated 2001 Long Term Incentive Plan

 

2.                                       That the
first sentence of the introduction to the Plan is amended by replacing Alliance Gaming Corporation with Bally Technologies, Inc., so that the
first sentence of the introduction, as amended, reads in its entirety as
follows:

 

The 2001 Long Term Incentive Plan was originally
established by the Board of Directors (the “Board”) of Bally Technologies, Inc.
(the “Company”) and was approved by shareholders of the Company on December 11,
2001.

 

3.                                       That the
first sentence of section 1 of the Plan is amended by replacing Alliance Gaming Corporation with Bally Technologies, Inc., so that the
first sentence of section 1, as amended, reads in its entirety as follows:

 

 

The Bally Technologies, Inc. Amended and
Restated 2001 Long Term Incentive Plan (the “Plan”) is intended to encourage
stock ownership by directors, employees and designated paid consultants of the
Company and its subsidiaries (collectively, the “Subsidiaries” and individually,
a “Subsidiary”), in order to increase their proprietary interest in the success
of the Company and to encourage them to remain in the employ of the Company or
a Subsidiary.

 

4.                                       That
the first sentence of section 3 of the Plan is amended by replacing 10,000,000 with 10,550,000, so that the first sentence of section 3, as
amended, reads in its entirety as follows:

 

“Limitation
on Number of Shares. The number of shares which may at any
time be made subject to options or Stock Appreciation Rights, or which may be
issued upon the exercise of options or Stock Appreciation Rights granted under
the Plan or made subject to grants of restricted stock or restricted stock
units, is limited to an aggregate of 10,550,000 shares of the common stock,
$.10 par value, of the Company (the “Stock”).

 

5.                                       That the third
sentence of section 13 of the Plan is amended by replacing 600,000 with 900,000, so that the third sentence of section 13, as
amended, reads in its entirety as follows:

 

No more than 900,000 shares of Stock may be
granted as Awards of restricted stock or restricted stock units.

 

6.                                       That the third sentence under the heading “The
Plan” is amended by replacing (702) 270-7600
with (702) 584-7700,
and by replacing Alliance Gaming Corporation
with Bally Technologies, Inc.,
so that the third sentence under the heading “The Plan”, as amended, reads in
its entirety as follows:

 

Additional information about the Committee may be
obtained by calling the office of the Secretary of the Company at (702)
584-7700, or by writing the Company’s Secretary at Bally Technologies, Inc.,
6601 South Bermuda Road, Las Vegas, Nevada 89119-3605.

 

2

 

Executed this
8th day of May, 2006, to be effective as of March 6, 2006.

 

 

	
   

  	
  Mark Lerner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Mark
  Lerner

  	
   

  
	
   

  	
  Senior Vice President, General Counsel

  
	
   

  	
  and Secretary

  

 

3Exhibit 10.21

 

 

 

May 8, 2006

 

Mr, David B, Arney

1007 Linden Avenue

Wilmette, IL 60091

 

Re: Offer letter of Employment with Click Commerce

 

Dear David:

 

It is with pleasure that I extend this offer of employment to you on
behalf of Click Commerce, Inc. (“Click”). I am confident that with your skills,
hard work and dedication we can significantly grow the Click business to be the
nation’s leading Business-to-Business E-Commerce Company.

 

This letter sets forth Click’s offer of employment to you on the following
terms:

 

	
  1. Position:

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
  2. Reporting Manager:

  	
   

  	
  Michael W. Ferro, Jr.

  
	
   

  	
   

  	
   

  
	
  3. Compensation:

  	
   

  	
  $200,000 annual salary, currently being paid equally over 24 payment
  periods. In addition, subject to 

  
	
  Board approval, you will be awarded 40,000 Click Commerce stock
  options, vesting over a three year period in equal parts and which will be
  subject to the Click stock option plan.

  
	
   

  
	
  4. Annual Bonus Plan:

  	
   

  	
  50% Paid annually and subject to Company performance and individual
  performance.

  
	
   

  	
   

  	
   

  
	
  5. Start Date:

  	
   

  	
  May 8, 2006

  
	
   

  	
   

  	
   

  
	
  6. Benefits Summary:

  	
  You will become eligible on your first day of employment for the
  benefits set forth below:

  

•                  Medical, dental,
and vision insurance

•                  $50,000 of life
insurance, short-term and long-term disability insurance

•                  Three weeks
vacation each calendar year, with the first year’s accrual prorated to your
start date

•                  401K Plan
(Company does not currently match employee contributions)

 

7.  Contingencies:
This offer is contingent upon your (a) signing of an Employee Confidentiality
Agreement and (b) the outcome of a background and reference check. (Please see
enclosed application)

 

Click reserves the right to withdraw this employment offer if not
accepted by you within five (5) calendar days of the date of this letter or if
Click, in its sole and absolute discretion, cannot verify any representations
made by you (education, experience, prior employment).

 

	
  Click Commerce,
  Inc.      •      233
  N. Michigan Ave., 22nd Floor      •      Chicago,
  Illinois 60601

  
	
  312.482.9006
    phone      •      312.482.8557
    fax      •      www.clickcommerce.com

  

 

 

8. Employment at Will: This offer of
employment does not constitute an employment agreement, but sets forth the
general terms upon which you will be offered employment by Click. Your
employment will be “at-will” and both Click and you retain the right to
terminate the employment relationship at any time without cause.

 

9. No Restrictions: By executing this offer,
you warrant that you are not under any other employment obligations and are not
contractually prohibited or precluded from accepting an employment offer from
Click

 

I want to welcome you to Click and tell you how excited I am for the
growth possibilities that we have at Click. If the above terms are satisfactory,
please email your acceptance to you manager Michael.Ferro at Michael
Ferro@clickcommerce.com or to Svea Christensen, Human Resources Director, at
svea.christensen@clickcommerce.com If you have any questions regarding this
offer please contact Svea Christensen at (312) 377-7146.

 

The undersigned agrees that no representations, warranties, conditions
or agreements, oral or written, express or implied, have been made except as
expressly provided herein. This offer contains the entire terms and conditions
of employment by Click and supersedes and cancels any and all prior or
contemporaneous oral or written understandings, negotiations and agreements.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  /s/ John Tuhey

  	
   

  	 

	
   

  	
  John Tuhey

  
	
   

  	
  General CounselExhibit 10.1

STOCK
APPRECIATION RIGHT AGREEMENT

(For Stock-Settled SAR’s)

UNDER
ANIKA THERAPEUTICS, INC.

2003 STOCK OPTION AND INCENTIVE PLAN

Name of Grantee:________________________________

No. of Stock
Appreciation Rights:_____________________________

Exercise Price per
Share:____________________

Grant
Date:______________________________

Expiration Date:_________________________________

Pursuant to the Anika
Therapeutics, Inc. 2003 Stock Option and Incentive Plan, as amended
through the date hereof (the “Plan”), Anika Therapeutics, Inc. (the “Company”)
hereby grants to the Grantee named above the number of Stock Appreciation
Rights (as defined in the Plan) specified above (the “SAR’s”). Each of the SAR’s
granted herein relates to one share of Common Stock, par value $0.01 per share
(the “Stock”), of the Company. This Agreement shall give the Grantee the right
to exercise on or prior to the Expiration Date specified above all or part of
the number of SAR’s specified above at the Exercise Price per Share specified above
and to receive shares of Stock as payment therefor in accordance with paragraph
2 of this Agreement, subject to the terms and conditions set forth herein and
in the Plan.

1.             Exercisability Schedule. No SAR’s may be
exercised until they have become exercisable. Except as set forth below, and
subject to the discretion of the Administrator (as defined in Section 2 of
the Plan) to accelerate the exercisability schedule hereunder, these SAR’s
shall be exercisable with respect to the following number of Shares on the
dates indicated: 

	
  

  	
  Number of

  SAR’s Exercisable

  	
   

  	
   

  	
   

  	
   

  	
  Exercisability Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  0

  	
   

  	
  (0

  	
  %)

  	
  [Grant Date]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  _____________

  	
   

  	
  (25

  	
  %)

  	
  ____________

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  _____________

  	
   

  	
  (50

  	
  %)

  	
  ____________

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  _____________

  	
   

  	
  (75

  	
  %)

  	
  ____________

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  _____________

  	
   

  	
  (100

  	
  %)

  	
  ____________

  	
   

  

Once exercisable, these
SAR’s shall continue to be exercisable at any time or times prior to the close
of business on the Expiration Date, subject to the provisions hereof and of the
Plan.

 

Upon
the occurrence of a Change of Control as defined in Section 17 of the
Plan, each Stock Appreciation Right granted hereunder shall automatically
become fully exercisable.

2.             Manner of Exercise.

(a)   The Grantee may exercise any exercisable SAR’s
only in the following manner:  from time
to time on or prior to the Expiration Date of the SAR’s, the Grantee may give
written notice to the Administrator of his or her election to exercise some or
all of the SAR’s exercisable at the time of such notice. This notice shall
specify the number of SAR’s to be exercised.

The delivery of certificates representing the SAR
Shares will be contingent upon any agreement, statement or other evidence that
the Company may require to satisfy itself that the issuance of Stock to be delivered
pursuant to the exercise of SAR’s under the Plan and any subsequent resale of
the shares of Stock will be in compliance with applicable laws and regulations.

(b)   The Grantee shall thereupon receive a payment
equal to the product of (i) the Fair Market Value of a share of Stock on
the date of exercise less the Exercise Price per Share specified in this
Agreement, multiplied by (ii) the number of SAR’s exercised. Such payment
shall be in the form of shares of Stock valued at the Fair Market Value of a
share of stock on the date of exercise. Any fractional shares shall be paid in
cash.

Certificates for shares of Stock shall be issued and
delivered to the Grantee upon compliance to the satisfaction of the
Administrator with all requirements under applicable laws or regulations in
connection with such issuance and with the requirements hereof and of the Plan.
The determination of the Administrator as to such compliance shall be final and
binding on the Grantee. The Grantee shall not be deemed to be the holder of, or
to have any of the rights of a holder with respect to, any shares of Stock
subject to the SAR’s unless and until such SAR’s shall have been exercised
pursuant to the terms hereof, the Company shall have issued and delivered the
shares to the Grantee or a nominee designated by the Grantee, and the Grantee’s
name or the name of such Grantee’s nominee shall have been entered as the
stockholder of record on the books of the Company. Thereupon, the Grantee shall
have full voting, dividend and other ownership rights with respect to such
shares of Stock.

(c)   The minimum number of SAR’s that may be
exercised at any one time shall be 100, unless the number of SAR’s being
exercised is the total number of SAR’s subject to exercise under this Agreement
at the time.

(d)   Notwithstanding any other
provision hereof or of the Plan, no SAR shall be exercisable after the
Expiration Date thereof.

3.             Termination
of Employment. If the Grantee’s employment with the Company or a Subsidiary
(as defined in the Plan) is terminated, the period within which to exercise the
SAR’s may be subject to earlier termination as set forth below.

(a)   Termination Due to Death.
If the Grantee’s employment terminates by reason of death, any SAR’s held by
the Grantee shall become fully exercisable and may 

 2
 

 

thereafter be exercised by the Grantee’s legal
representative or legatee for a period of 12 months from the date of death or the
Expiration Date, if earlier.

(b)   Termination Due to
Disability. If the Grantee’s employment terminates by reason of disability
(as determined by the Administrator), any SAR’s held by the Grantee shall
become fully exercisable and may thereafter be exercised by the Grantee for a
period of 12 months from the date of termination or until the Expiration Date, if
earlier. The death of the Grantee during the 12-month period provided in
this Section 3(b) shall extend such period for another 12 months from
the date of death or until the Expiration Date, if earlier.

(c)   Termination for Cause. If the Grantee’s
employment terminates for Cause, any SAR’s held by the Grantee shall terminate
immediately and be of no further force and effect. For purposes hereof, “Cause”
shall have the definition applied under the common law of the Commonwealth of
Massachusetts.

(d)   Other Termination. If
the Grantee’s employment terminates for any reason other than death, disability
or Cause, and unless otherwise determined by the Administrator, any SAR’s held
by the Grantee may be exercised, to the extent exercisable on the date of
termination, for a period of three months from the date of termination or until
the Expiration Date, if earlier. Any SAR that is not exercisable at such time
shall terminate immediately and be of no further force or effect.

The Administrator’s determination of the reason for
termination of the Grantee’s employment shall be conclusive and binding on the Grantee
and his or her representatives or legatees.

(e)   If these SAR’s are granted
in tandem with a Stock Option, then notwithstanding anything contained in this
Paragraph 3, the SAR’s shall terminate and no longer be exercisable if and to
the extent that the related Stock Option is terminated or is no longer
exercisable.

4.             Incorporation of Plan. Notwithstanding
anything herein to the contrary, these SAR’s shall be subject to and governed
by all the terms and conditions of the Plan, including the powers of the
Administrator set forth in  Section 2(b) of
the Plan. Capitalized terms in this Agreement shall have the meaning specified
in the Plan, unless a different meaning is specified herein.

5.             Transferability. This
Agreement is personal to the Grantee, is non-assignable and is not transferable
in any manner, by operation of law or otherwise, other than by will or the laws
of descent and distribution. These SAR’s are exercisable, during the Grantee’s
lifetime, only by the Grantee, and thereafter, only by the Grantee’s legal
representative or legatee.

6.             Tax Withholding. The Grantee
shall, not later than the date as of which the exercise of these SAR’s becomes
a taxable event for Federal income tax purposes, pay to the Company or make
arrangements satisfactory to the Administrator for payment of any Federal,
state, and local taxes required by law to be withheld on account of such
taxable event. The Grantee may elect to have the minimum required tax
withholding obligation satisfied, in whole or in part, by (i) authorizing
the Company to withhold from shares of Stock to be issued, or (ii) 

 3
 

 

transferring to the Company, a number of shares of
Stock with an aggregate Fair Market Value that would satisfy the withholding
amount due.

7.             Miscellaneous.

(a)   Notice hereunder shall be
given to the Company at its principal place of business, and shall be given to
the Grantee at the address set forth below, or in either case at such other
address as one party may subsequently furnish to the other party in writing.

(b)   This SAR Agreement does not
confer upon the Grantee any rights with respect to continuance of employment by
the Company or any Subsidiary.

(c)   Pursuant to Section 15 of
the Plan, the Administrator may at any time amend or cancel any outstanding
portion of these SAR’s, but no such action may be taken which adversely affects
the Grantee’s rights under this Agreement without the Grantee’s consent.

	
  

  	
   

  	
  ANIKA THERAPEUTICS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

The foregoing Agreement is hereby accepted and the
terms and conditions thereof hereby agreed to by the undersigned.

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Grantee’s Signature

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Grantee’s name and address:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 4

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