Document:

Embarq Corp Non-Employee Director Compensation Plan

 EXHIBIT 10.13 
 NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM 
 Description of the Non-Employee Director Compensation Program

 Under the Director Compensation Program for non-employee directors (the “Director Compensation Program”) of Embarq
Corporation (“Embarq”), non-employee directors will be paid (1) an annual cash retainer of $50,000, and (2) a fee equal to $1,500 for each meeting of the Board of Directors (the “Board”)(or any meeting of a Board
committee on which a non-employee director is a member or an invited guest) which the eligible director personally attends, and $750 for each such meeting which the eligible director attends by telephone. The Chair of the Board’s Audit
Committee receives an additional annual retainer of $15,000 in recognition of such service and the Chair of any other Board committee (including special committees) receives an additional annual retainer of $10,000 in recognition of such service.
The Board’s Lead Independent Director also receives an additional annual retainer of $20,000. All cash compensation is paid quarterly and all retainers are prorated for the period of service provided during the quarter. 
 In addition to the foregoing cash compensation, the Director Compensation Program provides for each non-employee director to receive: 
  

	 	•	 	 An award of restricted stock units of Embarq (“Embarq RSUs”) with a grant date value of $150,000, in connection with the initial election to the Board,
vesting in full upon the third regular annual meeting of Embarq’s stockholders following the date of grant of such Embarq RSUs and with prorated acceleration of vesting in the event of a change in control, death, disability, retirement, or
involuntary separation from the Board; 

  

	 	•	 	 An award of Embarq RSUs with a grant date value of $75,000, on or about the date of each annual meeting of Embarq’s stockholders, which vest in full upon the
first annual stockholders’ meeting following the grant. With respect to this annual grant of Embarq RSUs, vesting will also be accelerated in full in the event of a change in control, death, disability, retirement, or involuntary separation
from the Board; and 

  

	 	•	 	 An annual telecommunications allowance in the amount of $6,000, which covers services, equipment and tax gross-ups. 

 The Director Compensation Program will remain in effect until changed by the Board.Summary of Embarq Corp 2007 Short-Term Incentive Program

 Exhibit 10.20 
 Embarq Corporation 
 Summary of 2007 Short-Term Incentive Program 
 On February 21 and 22, 2007, the Compensation Committee of our Board of Directors established the performance objectives and other terms of our 2007
Short-Term Incentive program, which we refer to as the 2007 STI program, for our eligible employees, including our executive officers. The 2007 STI program provides for a payment of incentive compensation to our eligible employees, including our
executive officers, based on the weighted achievement of performance objectives during 2007 relating to telecommunications segment services revenue (40% weighting) and operating cash flow (40% weighting), both as adjusted for certain items, and
customer satisfaction improvement (20% weighting). 
 Each performance objective has a threshold, target and maximum payment level at 0%,
100% and 200% of an individual’s target opportunity. An eligible employee’s incentive target opportunity will be multiplied by the weightings and the payment level for each performance objective to calculate the actual STI payment. The
incentive payments paid under the 2007 STI program will be based on our results in 2007 in relation to the established performance objectives, and these payments may be greater or less than the individual target opportunities. The determination of
the amount of payments for certain executive officers is expected to be made so as to comply with Section 162(m) of the Internal Revenue Code.First Amendment to Tradestation Group, Inc.

 Exhibit 10.6 
 FIRST AMENDMENT 
 TO 
 TRADESTATION GROUP, INC. AMENDED AND RESTATED INCENTIVE 
 STOCK PLAN

 FIRST AMENDMENT, dated December 12, 2006, to TradeStation Group, Inc. (the “Company”) Amended and Restated Incentive
Stock Plan (the “Plan”), as authorized and directed by the Board of Directors of the Company at a meeting duly convened and held on December 12, 2006. 
 The Plan is hereby amended as set forth below. Capitalized terms used herein, if not herein defined, shall have the respective meetings ascribed to them in the Plan. 
  

	 	1.	Fair Market Value. Section 14 of the Plan is hereby amended and restated in its entirety as follows: 

 “Fair Market Value. For purposes of this Plan and any Awards hereunder, Fair Market Value of Common Shares shall be the closing price
for the Company’s Common Shares as reported on The NASDAQ Stock Market (or such other exchange or consolidated transaction reporting system on which such Common Shares are primarily traded) on the date of grant (or the closing price on the next
trading date if Common Shares were not traded on the date of grant); provided, however, that, if the Company’s Common Shares are not at the applicable time readily tradeable on a national securities exchange or other market system, Fair Market
Value shall mean the amount determined in good faith by the Committee as the fair market value of the Common Shares of the Company.” 
  

	 	2.	Restrictions and Limitations Applicable to Certain Awards. The following is hereby added to the end of Section 4 of the Plan: 

 “With respect to Stock Awards, Performance Shares and Performance Units, in no event shall a sale or any other disposition, in whole or in part, of
the Common Shares contained in the Award (other than in the case of death, disability or retirement, or change in control of the Company) be permitted prior to the first anniversary of the Award (or, if the Award is not a performance-based award,
the third anniversary), and the Company shall have the right and obligation (except there shall be no obligation in the case of death, disability or retirement, or change in control of the Company) to reacquire the Common Shares contained in the
Award, for no consideration, if the Award recipient’s employment or engagement by the Company terminates earlier than the first anniversary of the Award (or, if the Award is not a performance-based award, the third anniversary). With respect to
any eligible Award recipient, the foregoing Award restrictions and limitations may be lessened or not included at all in the Award (an “exception”), provided that the number of Common Shares subject to the exception, when combined with all
other Common Shares that have been subject to an exception, (i) do not exceed 5% of the total number of Common Shares reserved under this Plan and (ii) do not exceed, at the time of the Award, 5% of the Common Shares that remain (inclusive
of the Award) available for issuance under the Plan.” 

	 	3.	Incorporation of Amendments. The foregoing amendments may be seamlessly integrated and incorporated in the applicable sections of all published versions of the Plan,
and this First Amendment may be separately publicly filed or otherwise published or disclosed as required or appropriate to comply with applicable laws, rules and regulations or for any other legitimate purpose. 

  

	 	4.	No Other Amendments. Except as set forth in this First Amendment, the Plan has not been modified (since the date of its amendment and restatement) and remains of full
force and effect. 

 The undersigned, as Secretary of the Company, hereby certifies that this document accurately reflects the
amendments to the Plan authorized and directed to be made by the Board of Directors of the Company on December 12, 2006, as permitted under Section 17 of the Plan, and that the Board unanimously agreed that such amendments, individual and
in the aggregate, are not material amendments and do not require the approval of the Company’s shareholders. 
  

			
		
		 	/s/ Marc J. Stone
		 	Marc J. Stone, Secretary

  

 2TradeStation  Group, Inc. Amended and Restated Nonemployee Director Stock Option

 Exhibit 10.8 
 TRADESTATION GROUP, INC. 
 AMENDED AND RESTATED 
 NONEMPLOYEE DIRECTOR STOCK OPTION PLAN 
 1. Purpose. The purpose of the Plan is to attract and retain outstanding individuals to serve as members of the Board of Directors of TradeStation Group, Inc. (the “Company”) by providing such persons opportunities
to acquire common stock, $.01 par value, of the Company (“Common Shares”), thereby strengthening the mutuality of interest between such persons and the Company’s shareholders. 
 2. Shares Reserved under the Plan. There is hereby reserved for issuance under the Plan an aggregate of Three Hundred Fifty Thousand
(350,000) Common Shares, which shall be authorized but unissued shares, reduced by an aggregate amount of shares of common stock, $.01 par value, of Omega Research, Inc., the predecessor of the Company (“Omega Research”), issued by
Omega Research prior to December 29, 2000 pursuant to the exercise of options granted under the Plan. If there is a lapse, expiration, termination or cancellation of any option granted under the Plan by the Company or Omega Research, all
unissued shares subject to or reserved for such option may again be used for new options granted under the Plan. 
 3.
Participation. Participation in the Plan is limited to members of the Board of Directors who are not salaried officers or employees of the Company or any of its direct or indirect subsidiaries (a “Nonemployee Director” or
“Participant”). 
 4. Options to be Granted under the Plan. Effective on or about the date of a Nonemployee
Director’s initial election to the Board of Directors (which initial election shall be deemed to have occurred when elected by the Board of Directors of either the Company, Omega Research or onlinetradinginc.com corp.), each Nonemployee
Director may be awarded nonqualified stock options to purchase up to a maximum of Seventy-Five Thousand (75,000) Common Shares (the “Initial Option”). The actual number of stock options awarded to each Nonemployee Director comprising
the Initial Option shall be determined by the Board of Directors as it deems necessary or advisable and in the best interests of the Company in order to attract and obtain outstanding and highly qualified candidates to serve on the Company’s
Board of Directors. Upon each re-election of such Nonemployee Director to the Board of Directors at the Company’s annual meeting of shareholders (“Annual Meeting”) commencing with the Annual Meeting held on June 18, 2001, each
Nonemployee Director shall automatically be awarded an additional nonqualified stock option (the “Additional Option”) to purchase Seven Thousand (7,000) Common Shares, provided, however, that, unless the Nonemployee Director has been
elected as a director at the Company’s previously-held, regularly-scheduled Annual Meeting (in which case the following exception is not intended to, and shall not, apply), such Nonemployee Director shall not be granted such Additional Option
upon such re-election if such Nonemployee Director was granted an Initial Option in the immediately preceding twelve (12)-month period upon his or her initial election to the Board of Directors in accordance with this Section 4. The Company is
authorized to provide the Participant with a stock option agreement consistent with the terms of the Plan. 

 5. Option Exercise Price. Each option granted under the Plan shall be exercisable at an
option price equal to 100% of the Fair Market Value (as defined in Section 10 hereof) of the Common Shares on the date of grant hereunder. 
 6. Limitations on Exercise. Any option granted under the Plan may be exercised (in accordance with Section 7 hereof) in whole or in part, from time to time after the date granted, subject to the following limitations:

 (a) No option granted hereunder may be exercised during the first year following the date such option was granted.
Thereafter, each option may be exercised: 
 (i) to a maximum cumulative extent of one-third (1/3) of the total shares
covered by the option on or after the first anniversary of the date the option was granted; 
 (ii) to a maximum cumulative
extent of two-thirds (2/3) of the total shares covered by the option on or after the second anniversary of the date the option was granted; and 
 (iii) to a maximum cumulative extent of 100% of the total shares covered by the option on or after the third anniversary of the date the option was granted. 
 Notwithstanding the limitations of Section 6(a) above, any option granted under the Plan shall become fully exercisable upon the death of the
Nonemployee Director while serving on the Board of Directors or upon the Retirement (as hereinafter defined in this Section 6(b)) of the Nonemployee Director if such death or Retirement occurs on or after the first anniversary of the date such
option was issued. For these purposes, “Retirement” means a Nonemployee Director’s termination of service as a member of the Board of Directors after age 70 or at any time with the consent of the Board of Directors. Further,
notwithstanding the limitations of Section 6(a) above, any option granted under the Plan shall become fully exercisable upon a Change in Control. For these purposes, a “Change in Control” means the occurrence of any of the following:
(A) any person or entity unaffiliated with the Company is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Securities Act of 1933, as amended), directly or indirectly, of securities of the Company representing
more than fifty (50%) of the combined voting power of the Company’s then outstanding securities; (B) a merger or consolidation of the Company with any other corporation or other entity, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of
the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, provided, however, that a merger or consolidation effected to implement a reorganization or
recapitalization of the Company (or similar transaction) in which no person or entity acquires more than fifty (50%) of the combined voting power of the Company’s then outstanding securities shall not constitute a Change in Control of the
Company; or (C) the consummation of the sale or disposition by the Company, directly or indirectly, of all or substantially all of the Company’s assets or accounts other than (x) the sale or disposition of all or substantially all of
the assets of the Company to a subsidiary of the Company or to a person or persons who beneficially own, directly or indirectly, at least fifty percent (50%) or more of the combined voting power of the outstanding voting securities of the
Company at the time of the sale or (y) pursuant to a spin-off type transaction, directly or indirectly, of such assets to the stockholders of the Company. 
  

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 Notwithstanding the foregoing, in no event shall a Change in Control be deemed to have occurred, with
respect to a Nonemployee Director, if the Nonemployee Director is part of a purchasing group which consummates a transaction causing a Change in Control. A Nonemployee Director shall be deemed “part of a purchasing group” for purposes of
the preceding sentence if the Nonemployee Director is a direct or indirect equity participant in the purchasing company or group; provided however, that the Nonemployee Director shall not be considered part of a purchasing group if the Nonemployee
Director owns, directly or indirectly, 1% or less of the outstanding securities of the purchasing company or group. 
 For stock options
issued prior to March 8, 2007, the definitions of Change in Control and Sale of the Company in effect under the Plan and used in the stock option agreements issued for those grants shall continue to apply, and the definition above shall apply
to grants on or after March 8, 2007. 
 (b) Any option granted under the Plan shall not be exercised after the earliest
to occur of any of the following events: 
 (i) more than ninety (90) days after termination of any Nonemployee
Director’s service as a member of the Board of Directors for any reason other than death or Retirement (and then only to the extent that such Nonemployee Director could have exercised such option on the date of termination); 
 (ii) more than one hundred eighty (180) days after a Nonemployee Director’s Retirement from the Board of Directors (and then
only to the extent that such Nonemployee Director could have exercised such option on the date of Retirement, after giving effect to Section 6(b) above); 
 (iii) more than twelve (12) months after death of a Nonemployee Director (and then only to the extent that such Nonemployee Director
could have exercised such option on the date of death, after giving effect to Section 6(b) above); or 
 (iv) more than
ten (10) years from the date the option is granted. 
 7. Method and Time of Exercise: Delivery of Certificates. Any
option granted under the Plan shall be deemed exercised on the date written notice of exercise is received by the Secretary of the Company at the Company’s corporate headquarters. Such notice shall be accompanied by: (a) a check payable to
the Company for the purchase price of the shares to be purchased; or (b) delivery of Common Shares owned by the Participant for at least six (6) months whose Fair Market Value on the date of exercise equals the purchase price of the shares
to be purchased; or (c) any combination of the foregoing. 
 8. Nontransferability. Any option granted under this Plan
shall not be transferable other than as required by law or by will or the laws of descent and distribution, and shall be exercisable, during the Participant’s lifetime, only by the Participant or the Participant’s guardian or legal
representative. If a Nonemployee Director dies during the option period, any option granted to such Participant may be exercised by his estate or the person to whom the option passes by will or the laws of descent and distribution, but only in
accordance with Section 6 above. Notwithstanding the foregoing, an option shall automatically become transferable to the Participant’s “immediate family members” or trusts or family partnerships for the benefit of such persons.
For purposes of this Section 8, “immediate family members” shall mean the Participant’s spouse and lineal descendants. 
  

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 9. Other Provisions; Securities Registration. The grant of any option under the Plan may
also be subject to other provisions as counsel to the Company deems appropriate, including, without limitation, such provisions as may be appropriate to comply with federal or state securities laws and stock listing requirements. 
 10. Definition of Fair Market Value. For purposes of the Plan and any options granted hereunder, Fair Market Value of Common Shares shall
be the closing price for the Company’s Common Shares as reported on The NASDAQ Stock Market (or such other exchange or consolidated transaction reporting system on which such Common Shares are primarily traded) on the date of grant (or the
closing price on the next trading date if Common Shares were not traded on the date of grant); provided, however, that, if the Company’s Common Shares are not at the applicable time readily tradable on a national securities exchange or other
market system, Fair Market Value shall mean the amount determined in good faith by the Board of Directors as the fair market value of the Common Shares of the Company. 
 11. Adjustment Provisions. If the Company shall at any time change the number of issued Common Shares without new consideration to the Company (such as by stock dividend or stock split), the total number
of shares reserved for issuance under the Plan and the number of shares covered by each outstanding option and the exercise price thereunder shall be automatically adjusted so that the aggregate consideration payable to the Company and the value of
each option shall not be changed. If, during the term of any option granted under the Plan, the Common Shares shall be changed into another kind of stock, securities, cash or other property, whether as a result of reorganization, sale, merger,
consolidation, or other similar transaction, the Board of Directors shall cause adequate provision to be made whereby all Participants shall thereafter be entitled to receive, upon the due exercise of any outstanding options, the stock, securities,
cash or other property such Participants would have been entitled to receive immediately prior to the effective date of any such transaction for Common Shares which could have been acquired through the exercise of such options. 
 12. Amendment or Discontinuation of Plan. The Board of Directors may amend the Plan at any time or suspend or discontinue the Plan at any
time, but no such action shall adversely affect any outstanding option. 
 13. Governing Law. The Plan and any options granted
hereunder shall be governed and construed in accordance with the laws of the State of Florida (regardless of the law that might otherwise govern under applicable Florida principles of conflicts of laws). 
 14. Shareholder Approval. The Plan was originally adopted by the Board of Directors of Omega Research and approved by the shareholders of
Omega Research on July 24, 1997. On January 2, 1998, Omega Research’s Board of Directors amended the Plan to increase the number of options that may be awarded to such individuals upon their initial election to the Board of Directors.
The Plan was then assumed as of December 29, 2000 by the Company pursuant to the Agreement and Plan of Merger and Reorganization dated as of January 19, 2000 among Omega Research, onlinetradinginc.com corp., the Company, Omega Acquisition
Corporation and Onlinetrading Acquisition Corporation, and, in connection therewith, the Plan was further amended by the Company’s Board of Directors on December 22, 2000 to be effective as of December 29, 2000 (the effective time of
the merger pursuant to the foregoing 

  

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Plan of Merger and Reorganization (the “Effective Time”)), to reflect, among other things, the Company’s assumption of the Plan as of the
Effective Time and to provide that all shares issuable after the Effective Time upon exercise of any options granted under the Plan will be shares of $.01 par value common stock of the Company. The Plan in such amended form was approved by the
Company’s shareholders on December 22, 2000, to be effective as of the Effective Time. On May 17, 2001, the Company’s Board of Directors approved an amendment to the Plan, subject to the approval of the Company’s
shareholders, to increase the number of Common Shares reserved for issuance under the Plan from 175,000 to 350,000 and to increase the number of Common Shares included in the options automatically granted to a nonemployee director upon each annual
reelection from 3,000 to 7,000. Such amendment was approved by the Company’s shareholders on June 18, 2001. The Plan was subsequently amended by the Company’s Board of Directors, effective as of January 30, 2002, to clarify that
the options granted under the Plan will become fully exercisable upon a Change in Control or a Sale of the Company. The Plan was subsequently amended by the Company’s Board of Directors, effective as of June 6, 2006, to clarify that a
Nonemployee Director is to automatically receive an Additional Option if the Initial Option was received in connection with being elected at the last Annual Meeting, even if the current Annual Meeting date is fewer than twelve months from that
preceding Annual Meeting date in connection with which the Original Option was granted. The Plan was subsequently amended by the Company’s Board of Directors, effective as of March 8, 2007, to make non-material amendments to the definition
of Fair Market Value and Sale of the Company/Change in Control under Sections 10 and 6, respectively, of the Plan. Accordingly, the Plan represents the original 1997 Nonemployee Director Stock Option Plan as restated and amended through
March 8, 2007. 
  

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