Document:

EXHIBIT
10.1

 

SEPARATION, NON-COMPETE, NON-SOLICITATION, AND

 NON-DISCLOSURE AGREEMENT
AND GENERAL RELEASE

 

Dear Mark,

 

This Letter Agreement
(the “Agreement”) entered into August 11, 2008 reflects our mutual
understanding with respect to your separation from ACI Worldwide, Inc.
(the “Company” and together with its and their subsidiaries and affiliates, “ACI”)
and sets forth the payments and benefits that you will be eligible to receive
under this Agreement, subject to the terms and conditions set forth herein.

 

1.                                       Your employment with ACI will terminate
effective August 31, 2008 (the “Termination Date”).  Effective as of the Termination Date, you
will cease to be an employee of ACI and you will have no authority to take any
action on behalf of or otherwise bind ACI. 
You also agree to take all actions necessary to resign from any
directorship you may hold with ACI.

 

2.                                       Until the close of business on the
Termination Date, you will continue to receive (a) salary payments at your
current annual base salary rate of $270,000 per annum (less applicable
withholdings and deductions), paid in accordance with ACI’s payroll practices
in the ordinary course and (b) the benefits commensurate with the level
and type of benefits you currently receive.

 

3.                                       In consideration for you entering into
this Agreement, including, you agreeing to comply with the covenants set forth
in Section 5 and executing the attached General Release (which is
incorporated herein), ACI will pay you each year for a period of two years from
the Termination Date in accordance with the Company’s normal pay periods 50% of
your Average Annual Compensation (which shall consist of salary and cash
compensation pursuant to incentive plans) for the three calendar years
preceding the Termination Date (the “Average Annual Compensation”), less
applicable withholdings and deductions (“Additional Payments”).  The Average Annual Compensation equates to
$466,484.00.  In addition to the
Additional Payments, you will be eligible to receive, in full satisfaction of
Company’s obligation to you under the 2008 Executive Management Incentive
Compensation Plan (the “MIC”), an amount equal to the MIC bonus you would have
received on the date of payment for the period from January 1, 2008 to June 30,
2008, such amount to be calculated in a manner similar to the amount calculated
under the MIC for other employees in accordance with the terms of the MIC based
on your achievement level (without regarding to any subsequent adjustments
under the MIC) and will be paid to you on or about August 31, 2008.

 

4.                                       This Agreement sets forth the entire
agreement and understanding relating to your employment relationship with and
termination from ACI, and supersedes all prior discussions, negotiations, and
agreements concerning your employment with ACI and separation therefrom,
including but not limited to, Stock and Warrant Holders’ Agreement among ACI
Holding, Inc and the several stock and warrant holders named in Appendix I
thereto, dated December 30, 1993 and the Change in Control Employment Agreement
between you and the Company, as of

 

 

August 31, 2007; provided that the provisions of
the USSI, Inc. Employee Invention and Confidential Information Agreement (“USSI
Agreement”) dated June 12, 1998, previously executed by you shall remain
in full force and effect to the extent the provisions contained therein are not
inconsistent with the provisions contained in this Agreement.  You agree that the terms of the USSI
Agreement are applied to and for the benefit of ACI Worldwide, Inc. and
its and their subsidiaries and affiliates as if original parties thereto.

 

5.                                       In consideration of the payments and
benefits described in Section 3 above, you hereby:

 

(a)                                  Agree to execute the General Release, and

 

(b)                                 covenant and agree that for a period of
twenty-four (24) months from the Termination Date (the “Non-Compete Period”),
you will not, directly or indirectly, individually or on behalf of any other
person or entity do or suffer any of the following:

 

(i)                                     engage or have an economic interest in
(whether as owner, shareholder, investor, partner, lender, consultant,
employee, agent, director or otherwise) any business which the Company is
engaged or has reasonably firm plans to engage in during twenty-four (24)
months prior to the Termination Date (the “Competing Business”) (including any
successor in interest which has acquired the Competing Business within the
Non-Compete Period); provided, however, that nothing in this subparagraph will
be deemed to prohibit the acquisition or holding of not more than 5% of the
shares or other securities of a publicly traded entity;

 

 (ii)                               seek or accept employment with, or call
on, or solicit the business of, or sell to, or service (directly or indirectly,
on your own behalf or in association with any other individual or entity), any
of the Company’s Client’s with whom you did business and had personal contact
while employed by Company except to the extent such activities are unrelated
to, and not competitive with, the business, products and/or services that you
offered or provided on behalf of the Company and cannot adversely affect the
Company’s relationship or volume of business with such customers;

 

(iii)                               solicit any business pertaining to the
Company Business or request, induce, or advise any Company Client to withdraw,
curtail, or cancel such Company Business with ACI; or knowingly accept any
business pertaining to the Company Business from any Company Client; or

 

(iv)                              solicit (on behalf of any individual or
entity other than the Company) for employment any current employee of the
Company with whom you actually worked and had personal contact while employed
by the Company, except to the extent such solicitation for employment is for an
enterprise that is not competitive with the business, products or services
offered or provided on behalf of the Company and cannot adversely affect the
Company’s relationship or volume of business with its customers.  You specifically acknowledge, without
limitation, that any employee who was employed at the Company’s facility at
which your primary office was located, and who worked at such facility while
you were employed by the Company, should be considered an “employee of the
Company with whom you actually worked and had personal contact while employed
by the Company,”

 

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unless you can
prove otherwise.   For purposes of this Section 5(b),
the term “solicit” includes, but is not limited to, (A) initiating
communications with an Employee relating to possible employment and (B) offering
bonuses or additional compensation to encourage an Employee to terminate his or
her employment; or hiring, engaging, or retaining (or arranging to have any
other person do so) any Employee to work for any Company Client or Competing
Business.

 

(v)                                 You acknowledge that during the course of
your 23 years with the Company that you held high-level executive positions and
as a result you acquired unique and valuable information about the operations,
customers and personnel of the Company which comprises part of the Company’s
customer goodwill.  You specifically
acknowledge that the restrictions in Section 5(b) are necessary and
reasonable for the protection of the Company’s customer goodwill, and that such
restrictions will not prevent you from being gainfully employed following
termination of employment with the Company because you will be free to engage
in any occupation as long as you honor the restrictions contained in such
paragraphs.

 

6.                                       (a)                                  You agree not to disclose, at any time, to any person
not employed by ACI, or not engaged to render services to ACI, except with the
prior written consent of the Board any confidential information of ACI obtained
by you while in the employ of ACI, including, without limitation, information
relating to the finances, strategy, organization, operations, inventions,
processes, formulae, plans, devices, compilations of information, methods of
distribution, customers, supplies, client relationships, marketing strategies
or trade secrets of ACI; provided, however, that this provision shall not
preclude you from use or disclosure of information known generally to the
public or of information not considered confidential by persons engaged in the
business conducted by ACI or from disclosure required by law or court order if,
in the case of such required disclosure, you have given ACI reasonable prior
notice in order to permit ACI to take steps to protect the information from
public disclosure.  You agree that your
agreement in this Section 6 shall be in addition to, and not in limitation
or derogation of, any obligations otherwise imposed by law upon you in respect
of confidential information and trade secrets of ACI.

 

(b)                                 You agree that you will not take with
you, without the prior written consent of an officer authorized to act in the
matter by the Board, and will surrender to ACI prior to the Termination Date,
any record, list, drawing, blueprint, specification or other document or
property of ACI, together with any copy and reproduction thereof, mechanical or
otherwise, which is of a confidential nature relating to ACI, including without
limitation, relating to its finances, strategy, organization, operations,
inventions, processes, formulae, plans, devices, compilations of information,
methods of distribution, customers, suppliers, client relationships, marketing
strategies or trade secrets, which was obtained by you or entrusted to you
during the course of your employment with ACI.

 

(c)                                  You agree that you shall not at any time,
directly or indirectly, make or cause to be made any statement or criticism
which is adverse to the interests of ACI or their clients or customers; nor
will you take any action that may reasonably cause ACI or its clients or
customers significant embarrassment, humiliation, or otherwise cause or
contribute to ACI or their clients or customers being held in disrepute by the
public or ACI’s clients, customers, or

 

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employees, except as required by law.

 

7.                                       You agree to cooperate fully with ACI’s
counsel in connection with any present or future actual or threatened
litigation or administrative proceeding involving ACI that relates to events,
occurrences or conduct occurring (or claimed to have occurred) during the
period of your employment with ACI.  You
agree that this cooperation by you will include, but not be limited to: (i) making
yourself reasonably available for interviews and discussions with ACI’s counsel
as well as for depositions and trial testimony; (ii) if depositions or
trial testimony are to occur, making yourself reasonably available and
cooperating in the preparation therfor as and to the extent that ACI or ACI’s
counsel reasonably requests; (iii) refraining from impeding in any way ACI’s
prosecution or defense of such litigation or administrative proceeding; and (iv) cooperating
fully in the development and presentation of ACI’s prosecution or defense of
such litigation or administrative proceeding. 
ACI acknowledges that your availability shall be subject to your
business and personal schedule; provided, however, that you agree that you
shall not unreasonably withhold your availability for such cooperation,
consultation and advice.  ACI agrees that
it will reimburse you for your reasonable expenses incurred while giving such
cooperation.  ACI further agrees that in
the event the time required for you to fulfill your obligations under this
paragraph 7 exceeds five full working days within a 52 week period, ACI will
compensate you for your time in excess of 5 days at the rate of $739.73 (base
salary divided by 365) per 8-hour work day.

 

8.                                       The parties agree and acknowledge that if
any provision or subpart (collectively “provision”) of this Agreement or the
application of any provision hereof to any person or circumstances is held
invalid, unenforceable or otherwise illegal, the remainder of this Agreement
and the application of such provision to any other person or circumstances will
not be affected, and the provision so held to be invalid, unenforceable or
otherwise illegal will be reformed to the extent (and only to the extent)
necessary to make it enforceable, valid or legal.  To the extent any provisions held to be
invalid, unenforceable or otherwise illegal cannot be reformed, such provisions
are to be stricken and the remainder of this Agreement will be binding on the
parties and their successors and assigns as if such invalid or illegal
provisions were never included in this Agreement from the first instance.

 

9.                                       The parties further acknowledge and agree
that the covenants contained in Section 5 are reasonable under the
circumstances, and further agree that if in the opinion of any court of
competent jurisdiction or arbitrator that any such covenant is not reasonable
in any respect, such court or arbitrator will have the right, power and
authority to sever or modify any provision or provisions of such covenants as
to the court or arbitrator will appear not reasonable and to enforce the
remainder of the covenants as so amended. 
You acknowledge and agree that the remedy at law available to ACI for
breach of any of your obligations under Section 5 would be inadequate and
that damages flowing from such a breach may not readily be susceptible to being
measured in monetary terms.  Accordingly,
you acknowledge, consent and agree that, in addition to any other rights or
remedies that ACI may have at law, in equity or under this Agreement, ACI will
be entitled to immediate injunctive relief and may obtain a temporary or
preliminary order restraining any threatened or further breach, without the
necessity of proof of actual damage and without posting bond.  Without limiting the applicability of this Section 9
or in any way affecting the right of ACI to seek equitable remedies and damages
hereunder, you agree that in the event you breach any of the provisions of Section 5
or engage in any activity that would constitute a

 

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breach under Section 5, but the provisions of Section 5
cannot be enforced as determined by a court of competent jurisdiction or an
arbitrator as a matter of law, then ACI’s obligation to pay any sums not yet
paid to you pursuant to Section 3 above shall be terminated, and you shall
owe and return all sums paid under Section 3 above less 5%.  In addition, without limiting the
applicability of any part of this Section 9,  you agree that if you threaten to or engage
in any activity that would constitute a breach under Section 5, then ACI’s
obligation to pay any sums not yet paid to you pursuant to Section 3 above
shall be immediately terminated, and that ACI may set off against or recoup
from any amounts due under this Agreement or paid under this Agreement to the
extent of any losses incurred by ACI as a result of any breach by you of the
provisions;  this provision does not
limit ACI’s rights to seek damages in excess of any amounts due or paid under
this Agreement.

 

10.                                 (a)                                  You and ACI agree that this Agreement is performable
in whole or in part in the State of Nebraska and is executed in whole or in
part in the State of Nebraska.  It shall
be governed by and construed and interpreted in accordance with the laws of the
State of Nebraska (without regard to principles of conflicts of laws), and all
questions relating to the validity and performance hereof and remedies
hereunder shall be determined in accordance with such law.  Except as provided for in Section 10(b),
the parties consent to the exclusive jurisdiction of the state and federal
courts within Douglas County, Nebraska for the enforcement, interpretation or
resolution of any matter relating to this Agreement, and you expressly waive
any objection to personal jurisdiction and venue within Douglas County,
Nebraska.

 

(b)                                 You and ACI agree that any dispute, claim
or controversy arising out of or relating to this Agreement, including without
limitation any dispute, claim or controversy concerning validity,
enforceability, breach or termination hereof, shall be finally settled through
arbitration by a single arbitrator selected under the rules of the
American Arbitration Association for arbitration of employment disputes
conducted in Douglas County, Nebraska. You agree that the arbitration shall be
held in Omaha, Douglas County, Nebraska. The arbitration shall be governed by
the AAA Employment Rules and Mediation Procedures.  The parties agree that:  each party will be entitled to present
evidence and argument to the arbitrator; the arbitrator will have the right
only to interpret and apply the provisions of this Agreement and may not change
any of its provisions, except as expressly provided in Section 8); and the
arbitrator will permit reasonable pre-hearing discovery of facts, to the extent
necessary to establish a claim or a defense to a claim, subject to supervision
by the arbitrator.    The parties agree
that the determination of the arbitrator will be conclusive and binding upon
the parties and judgment upon the same may be entered in any court having
jurisdiction thereof.  The arbitrator
will give written notice to the parties stating the arbitrator’s determination,
and will furnish to each party a signed copy of such determination.  The parties agree that the expenses of
arbitration including filing fees will be borne equally by you and ACI or as
the arbitrator equitably determines consistent with the federal law; provided,
however, that your share of such expenses will not exceed the maximum permitted
by law.  The parties agree that any
arbitration or action pursuant to this Section 10 will be governed by and
construed in accordance with the substantive laws of the State of Nebraska and,
where applicable, federal law, without giving effect to the principles of
conflict of laws of such State.

 

5

 

(c)                                  Notwithstanding Section 10(b), you
agree and acknowledge that, ACI will not be required to seek or participate in
arbitration regarding any actual or threatened breach of your covenants in Section 5
but may pursue its remedies, including injunctive relief, for such breach in a
court of competent jurisdiction in Douglas County, Nebraska, or in the sole
discretion of ACI, in a court of competent jurisdiction where you have
committed or are threatening to commit a breach of your covenants, and no
arbitrator may make any ruling inconsistent with the findings or rulings of
such court.

 

11.                                 The parties agree that this Agreement
will be administered in accordance with Section 409A of the Internal
Revenue Code of 1986, as amended, and the rules and regulations
promulgated there under (the “Code”). 
The parties agree that this Agreement will be amended as may be
necessary to fully comply with Section 409A of the Code and any Treasury
pronouncements relating thereto in order to preserve the payments and benefits
provided hereunder to the extend possible without additional cost to the
Company.

 

 

	
   

  	
   

  	
  /s/ Mark Vipond

  
	
   

  	
   

  	
  Mark Vipond

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ACI Worldwide, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Philip G. Heasley

  
	
   

  	
  Its:

  	
  President and Chief Executive Officer

  

 

6

 

GENERAL
RELEASE

 

In exchange for the payments and benefits set forth in
the letter agreement between ACI Worldwide, Inc. (the “Company”) and me
dated August 11, 2008 (the “Letter Agreement”), and to be provided
following the Effective Date of this General Release which is August 11,
2008 and subject to the terms of the Letter Agreement, and my execution and
delivery of this General Release after the Termination Date (as defined in the
Letter Agreement):

 

1.                                       On behalf of myself, my agents,
assignees, attorneys, heirs, executors, and administrators, I hereby release
the Company and its predecessors, successors and assigns, its and their current
and former parents, affiliates, subsidiaries, divisions and joint ventures
including but not limited to (individually and collectively, “ACI”); and all of
their current and former officers, directors, employees, and agents
(individually and collectively, “Releasees”) from any and all controversies,
claims, demands, promises, actions, suits, grievances, proceedings, complaints,
charges, liabilities, damages, debts, taxes, allowances, and remedies of any
type, including but not limited to those arising out of my employment with the
Company (individually and collectively, “Claims”) that I may have by reason of
any matter, cause, act or omission.  This
release applies to Claims that I know about and those I may not know about
occurring at any time on or before the date of execution of this General
Release.

 

2.                                       This General Release includes a release
of all rights and Claims under, as amended, Title VII of the Civil Rights Act
of 1964, the Age Discrimination in Employment Act of 1967, the Rehabilitation
Act of 1973, the Civil Rights Acts of 1866 and 1991, the Americans with
Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974,
the Equal Pay Act of 1963, the Family and Medical Leave Act of 1993, the Fair
Labor Standards Act of 1938, the Older Workers Benefit Protection Act of 1990,
the Occupational Safety and Health Act of 1970, the Worker Adjustment and
Retraining Notification Act of 1989, the Sarbanes-Oxley Act of 2002, the
Nebraska Fair Employment Practice Act, the Nebraska Act Prohibiting Unjust
Discrimination in Employment Because of Age, Nebraska Wage and Hour Act, as
well as any other federal, state, or local statute, regulation, or common law
regarding employment, employment discrimination, termination, retaliation,
equal opportunity, or wage and hour.  I
specifically understand that I am releasing Claims based on age, race, color,
sex, sexual orientation or preference, marital status, religion, national origin,
citizenship, veteran status, disability, and other legally protected
categories.

 

3.                                       This General Release also includes a
release of any Claims for breach of contract, any tortious act or other civil
wrong, attorneys’ fees, and all compensation and benefit claims including
without limitation Claims concerning salary, bonus, severance and any award(s),
grant(s), or purchase(s) under any equity and incentive compensation plan
or program or the Stock and Warrant Holders’ Agreement among ACI Holding, Inc
and the several stock and warrant holders named in appendix I thereto, dated December 30,
1993 and the Change in Control Employment Agreement between you and ACI
Worldwide, Inc. dated as of August 31, 2007.

 

4.                                       In addition, I am waiving my right to
pursue any Claims against the Company and Releasees under any applicable
dispute resolution procedure, including any arbitration policy.

 

	
   

  	
   

  	
  /s/ Mark Vipond

  
	
   

  	
   

  	
  Mark VipondExhibit 10.1

 

 

AMENDMENT NO. 4 TO

OPERATING AGREEMENT

 

                THIS AMENDMENT NO. 4 TO
OPERATING AGREEMENT is made and entered into as of August 12, 2008 by and
between Daimler Trucks North America LLC, F/K/A Freightliner Corporation and
Freightliner LLC (“DTNA”), on the one hand and TA Operating LLC (successor by
conversion to TA Operating Corp.) (“TA Operating”),  TA Franchise Systems LLC (successor by
conversion to TA Franchise Systems Inc. (“TA Franchise”) and Petro Stopping
Centers, L.P. (“Petro”) on the other hand.

 

RECITALS

 

                A.            DTNA, TA Operating, and TA Franchise are parties to that
certain Operating Agreement dated July 21, 1999, as previously amended by
that certain Amendment No. 1 to Operating Agreement dated November 9,
2000, that certain Amendment No. 2 to Operating Agreement dated April 15,
2003, and that certain Amendment No. 3 to Operating Agreement dated July 26,
2006 (all collectively referred to herein as the “Operating Agreement”).

 

                B.            The parties have agreed to amend the Operating Agreement
in accordance with Section 8.5 thereof, as set forth herein.

 

THEREFORE,
FOR GOOD AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY
ACKNOWLEDGED, THE PARTIES HEREBY AGREE AS FOLLOWS:

 

1.             All references in the Operating
Agreement to “Freightliner” or “Freightliner Corporation” or “Freightliner LLC”
are hereby deemed to be to Daimler Trucks North American LLC.  The parties acknowledge and understand that
this is a change of name only and has no legal effect on the validity of the
contract or otherwise.

 

                2.             The parties desire to add Petro as a party to the
Operating Agreement. Petro has become an affiliate of TA Operating and TA
Franchise, and Petro, TA Operating and TA Franchise are all wholly-owned
subsidiaries of TravelCenters of America LLC. 
All references in the Operating Agreement to “TA Operations” are hereby
deemed to refer collectively to TA Operating, TA Franchise and Petro.

 

3.             The parties agree that, as of the
date hereof, Petro shall become a party to the Operating Agreement and the
following defined terms in the Operating Agreement shall have the following
meaning:

 

“TravelCenters
Locations”, “COCOs” and “FE Locations” shall be deemed to include the stopping
center sites with repair facilities which are owned or leased by Petro and
operated by Petro or TA under the “Petro” trademark.

 

 

 

 

4.             Section 6.1 of the Operating
Agreement is hereby replaced and amended to read in its entirety:

 

                                6.1          Term.  This Agreement shall have an initial term of
twenty years and thereafter shall be terminable upon six months’ advance notice
given by either party to the other.  For
purposes of clarification, the initial term shall expire on July 20,
2019.  This Agreement shall also be
terminable by either party in accordance with Section 6.2 or by DTNA in
accordance with Section 8.4.  Except
as otherwise provided in Section 6.2 or Section 8.4, any notice of
termination may be given no earlier than the date six months prior to the
expiration date of the initial term and the effective date of termination shall
be the date six months after the date of the giving of such notice.  Until an effective notice of termination is
given by either party and the effective date of the termination is reached,
this Agreement shall continue in full force and effect.”

 

                5.             The parties acknowledge that the Stockholders’ Agreement
(as such term is defined in the Operating Agreement) is no longer in effect.

 

                6.             DTNA acknowledges that TA Operating contemplates merging
with Petro (with TA Operating as the surviving entity) and that DTNA’s consent
is not required for any such merger.

 

7.             Except as amended hereby, the
Operating Agreement shall remain in full force and effect.

 

                IN WITNESS WHEREOF, the parties
hereto, have caused their duly authorized representative to execute this
Amendment No. 4 to Operating Agreement as of the date first hereinabove
written.

 

	
   

  	
  DAIMLER TRUCKS NORTH
  AMERICA LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jack Conlan

  
	
   

  	
  Name:

  	
  Jack Conlan

  
	
   

  	
  Title:

  	
  Sr. Vice President

  

 

	
   

  	
  TA OPERATING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas M. O’Brien

  
	
   

  	
  Name:

  	
  Thomas M. O’Brien

  
	
   

  	
  Title:

  	
  President and CEO

  

 

 

 

 

	
   

  	
  TA FRANCHISE SYSTEMS LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas M. O’Brien

  
	
   

  	
  Name:

  	
  Thomas M. O’Brien

  
	
   

  	
  Title:

  	
  President and CEO

  

 

	
   

  	
  PETRO STOPPING CENTERS,
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas M. O’Brien

  
	
   

  	
  Name:

  	
  Thomas M. O’Brien

  
	
   

  	
  Title:

  	
  President and CEO

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