Document:

exv10w1wa

Exhibit 10.1(a)

FIRST AMENDMENT TO SUPPLY AGREEMENT 

          THIS FIRST AMENDMENT TO SUPPLY AGREEMENT (this “Amendment”) is made and entered into
as of the 25th day of April, 2011, by and between GATX Corporation, a corporation
organized under the laws of the State of New York (“Buyer”), and Trinity Rail Group, LLC, a
limited liability company organized under the laws of the State of Delaware (“Seller”)
(collectively, the “Parties”, and each individually, a “Party”).

W I T N E S S E T H:

          WHEREAS, Buyer and Seller are parties to that certain Supply Agreement, dated as of March 14,
2011 (the “Supply Agreement”); and

          WHEREAS, Buyer and Seller wish to amend the Supply Agreement as more specifically provided
herein.

          NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as
follows:

     1. Capitalized Terms. Capitalized terms used, but not defined, herein, shall have the
meanings ascribed to such terms in the Supply Agreement.

     2. Amendments to the Supply Agreement.

          (a) Section 9.6.5 of the Supply Agreement is hereby deleted and replaced in its
entirety with the following:

     “Except to the extent the Parties otherwise mutually agree in a writing signed
by an officer of each Party, if any term or condition in Buyer’s Order, Seller’s
Order Confirmation, or other documentation by or from either Party relating to the
subject matter of the Order or of this Agreement conflicts with or adds to or
supplements a term or condition of this Agreement, the terms or conditions of this
Agreement shall control and the conflicting, additional or supplemental term or
condition, as the case may be, shall be without force or effect with respect to such
subject matter or Order.”

     3. Miscellaneous.

          (a) Except as expressly amended and supplemented by this Amendment, the provisions of the
Agreement (including all Schedules and Exhibits thereto) are made effective or are ratified and
confirmed and remain in full force and effect, whichever the case may be.

          (b) This Amendment may be executed in several counterparts and via facsimile (or other form of
electronic transmission, including email), all of which taken together shall constitute one single
agreement between the Parties hereto.

[Signature Page Follows]

 

 

               IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed by their
respective duly authorized officers as of the date first above written.

	 	 	 	 	 
	 	GATX CORPORATION

 	 
	 	By:  	/s/
Thomas A. Ellman 	 
	 	 	Name:  	Thomas A. Ellman 	 
	 	 	Title:  	Vice
President and Chief Commercial Officer 	 
	 
	 	TRINITY RAIL GROUP, LLC

 	 
	 	By:  	/s/
Eric Marchetto 	 
	 	 	Name:  	Eric Marchetto 	 
	 	 	Title:  	Vice
President and Chief Financial Officer 	 
	 

[Signature Page to First Amendment to Supply Agreement]exv10w2

Exhibit 10.2

2010 MIP Award

GATX CORPORATION

2004 EQUITY INCENTIVE COMPENSATION PLAN

RESTRICTED STOCK UNIT AGREEMENT

     THIS AGREEMENT, is entered into as of February 25, 2011 (the “Grant Date”), by and
between the Participant and GATX Corporation (the “Company”).

     WHEREAS, the Company maintains the GATX Corporation 2004 Equity Incentive Compensation Plan
(the “Plan”), which is incorporated into and forms a part of this Agreement, and the
Participant has been selected by the Compensation Committee of the Board of Directors of the
Company (the “Committee”), which has been charged with the responsibility of administering
the Plan, to receive a Restricted Stock Unit Award (which is a Full Value Award) under the Plan;

     NOW, THEREFORE, IT IS AGREED, by and between the Company and the Participant, as follows:

	1.	 	Defined Terms. Capitalized terms used in this Agreement are defined in paragraph 12
or elsewhere herein. Capitalized terms used but not defined herein shall have the meanings
ascribed thereto in the Plan.
	 
	2.	 	Award. Subject to the terms of the Plan and this Agreement, the Participant is
hereby granted the number of Restricted Stock Units set forth on the MSSB Benefit Access
website (https://www.benefitaccess.com), as approved by the Committee in accordance with
paragraph 3.1 of the Plan. Each Restricted Stock Unit entitles the Participant to receive one
share of Stock subject to the terms and conditions of this Agreement.
	 
	3.	 	Voting Rights and Dividends. Restricted Stock Units are not shares of Stock and the
Participant shall not have any rights as a shareholder of the Company, including the right to
vote, until shares of Stock are actually issued to the Participant in accordance with
paragraph 4.
	 
	 	 	An account shall be established for the Participant, to which shall be credited dividend
equivalents equal to the product of (a) the number of the Participant’s Restricted Stock
Units and (b) the dividend declared on a single share of Stock. To the extent the
Participant becomes vested in the Restricted Stock Units, the Participant shall be entitled
to a distribution of the dividend equivalents credited to his or her account at the same
time as the shares of Stock are issued with respect to the Restricted Stock Units so
vesting. All dividend equivalents paid will be considered ordinary income and will be
subject to supplemental withholding rates for federal, state and applicable FICA taxes.

 

 

	4.	 	Vesting, Transfer and Forfeiture of Restricted Stock Units.

	 	(a)	 	Except as otherwise provided in paragraph 4(b), the Participant shall vest in
the Restricted Stock Units which have been granted to the Participant (as set forth in
paragraph 2 hereof) according to the following schedule:

	 	 	 

	INSTALLMENT

	 	DISTRIBUTION DATE
	50% of Restricted Stock Units

	 	February 25, 2012
	50% of Restricted Stock Units

	 	February 25, 2013

	 	 	 	For purposes of this Agreement, the term “Distribution Date” shall mean the
date(s) set forth in the above schedule with respect to the number of Restricted
Stock Units vesting on such date. Following a Distribution Date, the applicable
Restricted Stock Units shall be converted and exchanged for an equal number of
shares of Stock to be issued to the Participant no later than the tenth
(10th) business day following such Distribution Date.
	 
	 	 	 	Notwithstanding the foregoing, if the Participant’s Date of Termination occurs prior
to a Distribution Date, the Participant shall forfeit all non-vested Restricted
Stock Units unless the Participant’s Date of Termination occurs as a result of the
elimination of his or her job position, or by reason of the Participant’s death,
Retirement or Disability, in which case the Restricted Stock Units that have been
granted to the Participant (as set forth in paragraph 2 hereof) shall be vested on
such Date of Termination, but the Restricted Stock Units shall not be cancelled or
exchanged for shares of Stock until the applicable Distribution Date in accordance
with this Agreement.
	 
	 	(b)	 	Notwithstanding the provisions of paragraph 4(a), the Participant shall become
vested in the Restricted Stock Units, and shall become owner of an equal number of
shares of Stock thereof free of all restrictions otherwise imposed by this Agreement,
as follows:

	 	(i)	 	Subject to the provisions of paragraph 4.2(f) of the Plan
(relating to the adjustment of shares of Stock), if a Change in Control occurs
prior to a Participant’s Date of Termination and before the Distribution Date
for each Restricted Stock Unit and, within one (1) year after the occurrence of
the Change in Control, the Participant’s Date of Termination occurs by reason
of discharge by the Participant’s employer without Cause or the Participant
resigns from employment with the employer for Good Reason, the Participant
shall, except as provided in subparagraph (ii), become fully vested in all
Restricted Stock Units granted prior to the Change in Control and held by the
Participant as of the Date of Termination.

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	 	(ii)	 	For purposes of subparagraph (i), if, as a result of a Change
in Control described in paragraph 5(e) of the Plan, the Participant’s employer
ceases to be a Subsidiary (and the Participant’s employer is or becomes an
entity that is separate from the Company), and the Participant is not,
immediately following the Change in Control, employed by the Company or an
entity that is then a Subsidiary, then the occurrence of the Change in Control
shall be treated as the Participant’s Date of Termination caused by the
Participant being discharged by the employer without Cause.
	 
	 	(iii)	 	Following the vesting of the Restricted Stock Units under to
subparagraph (i) or (ii), Restricted Stock Units shall be converted to an
equal number of shares of Stock and issued no later than the tenth
(10th) business day following the Date of Termination as determined
in accordance with subparagraphs (i) and (ii); provided, however, that in the
event the Participant qualifies for Retirement, then:

	 	(A)	 	If such Participant’s Date of Termination
(under either subparagraph (i) or (ii) above) is a result of a
“separation from service” as determined in accordance with Treas. Reg.
§1.409A-1(h) and any interpretation thereof adopted by the Company (a
“Separation from Service”) and the Participant is a “specified
employee” within the meaning of Section 409A of the Code and the
regulations issued thereunder, the Restricted Stock Units shall be
converted to an equal number of shares of Stock and issued to the
Participant on the earlier of (1) the Distribution Date for the
Restricted Stock Units or (2) the tenth (10th) business day
following the six (6)-month anniversary of the Date of Termination.
	 
	 	(B)	 	If such Participant’s Date of Termination is
under subparagraph (i) above, but is not as a result of a Separation
from Service, the Restricted Stock Units shall be converted to an equal
number of shares of Stock and issued to the Participant on the earlier
of (1) the Distribution Date for such Restricted Stock Units or (2) the
tenth (10th) business day following the date the Participant
has a Separation from Service.
	 
	 	(C)	 	If such Participant’s Date of Termination is
under subparagraph (ii), is not as a result of a Separation from
Service, and the Change in Control does not constitute a “change in
control event” within the meaning of Treasury Regulation
§1.409A-3(i)(5)(i), the Restricted Stock Units shall be converted to an
equal number of shares of Stock and issued to the Participant on the earlier of (1) the

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	 	 	 	Distribution Date for such Restricted Stock Units or (2) the tenth
(10th) business day following the date the Participant has
a Separation from Service.

	 	(c)	 	Restricted Stock Units may not be sold, assigned, transferred, pledged or
otherwise encumbered.

	5.	 	Withholding. The granting, vesting and settlement of Restricted Stock Units under
this Agreement are subject to withholding of all applicable taxes. Subject to such rules and
limitations as may be established by the Committee from time to time, the Participant may
satisfy his or her withholding obligations through (i) payment of cash to the Company equal to
the amount of taxes required to be withheld, (ii) contemporaneously withholding from other
sources of income otherwise payable to the Participant by the Company or any Subsidiary, or
(iii) the surrender of shares of Stock which the Participant already owns, or to which the
Participant is otherwise entitled under the Plan or this Agreement; provided, however, that,
except as otherwise provided by the Committee, shares of Stock otherwise payable under this
Agreement may not be used to satisfy more than the Company’s minimum statutory withholding
obligation (based on minimum statutory withholding rates for Federal and state tax purposes,
including payroll taxes, that are applicable to such supplemental taxable income). In the
event that the withholding obligation arises during a period in which the Participant is
prohibited from trading in the Stock pursuant to the Company’s insider trading policy, or
otherwise by applicable law, then unless otherwise elected by the Participant during a period
when he/she was not so restricted from trading, the Company shall automatically satisfy the
Participant’s withholding obligation by withholding from shares of Stock otherwise deliverable
under this Agreement.
	 
	6.	 	Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit
of, the Company and its successors and assigns, and upon any person acquiring, whether by
merger, consolidation, purchase of assets or otherwise, all or substantially all of the
Company’s assets and business. If any rights of the Participant or benefits distributable to
the Participant under this Agreement have not been exercised or distributed, respectively, at
the time of the Participant’s death, such rights shall be exercisable by the Designated
Beneficiary, and such benefits shall be distributed to the Designated Beneficiary, in
accordance with the provisions of this Agreement and the Plan. If a deceased Participant
fails to designate a beneficiary, or if the Designated Beneficiary does not survive the
Participant, any rights that would have been exercisable by the Participant and any benefits
distributable to the Participant shall be exercised by or distributed to the legal
representative of the estate of the Participant. If the Designated Beneficiary survives the
Participant but dies before the exercise of all rights or the complete distribution of
benefits under this Agreement, then any remaining rights and any remaining benefit
distribution shall be exercisable by or distributed to the legal representative of the estate
of the Designated Beneficiary.

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	7.	 	Administration. The authority to manage and control the operation and administration
of this Agreement shall be vested in the Committee, and the Committee shall have all powers
with respect to this Agreement as it has with respect to the Plan. Any interpretation of the
Agreement by the Committee and any decision made by it with respect to the Agreement shall be
final and binding on all persons.
	 
	8.	 	Plan Governs. Notwithstanding anything in this Agreement to the contrary, the terms
of this Agreement shall be subject to the terms of the Plan, a copy of which may be obtained
by the Participant from the Director, Compensation of the Company. This Agreement is subject
to all interpretations, amendments, rules and regulations promulgated by the Committee from
time to time pursuant to the Plan.
	 
	9.	 	Not an Employment Contract. The Award will not confer on the Participant any right
with respect to continuance of employment or other service with the Company or any Subsidiary,
nor will it interfere in any way with any right the Company or any Subsidiary would otherwise
have to terminate or modify the terms of such Participant’s employment or other service at any
time.
	 
	10.	 	Notices. Any written notices provided for in this Agreement or the Plan shall be
provided in accordance with paragraph 10(a) or 10(b), as applicable and, if provided to the
Company, shall be addressed as follows:

GATX Corporation

222 West Adams Street

Chicago, IL 60606-5314

U.S.A.

	 	(a)	 	Any notice required by the Participant pursuant to the definition of Good
Reason, as described below, shall be in writing given by hand delivery or by registered
or certified mail, return receipt requested, postage prepaid, addressed to the Senior
Vice President, Human Resources and shall be effective when actually received.
	 
	 	(b)	 	All other notices shall be in writing and shall be deemed sufficiently given if
either hand delivered or if sent by fax or overnight courier, or by postage paid first
class mail. Any such notice sent by mail shall be deemed received three business days
after mailing, but in no event later than the date of actual receipt and shall be
directed, if to the Participant, at the Participant’s address indicated by the
Company’s records, or if to the Company, to the attention of the Director,
Compensation.

	11.	 	Amendment. This Agreement may be amended in accordance with the provisions of the
Plan, and may otherwise be amended by written agreement of the parties.

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	12.	 	Definitions. For purposes of this Agreement, the terms used in this Agreement shall
be subject to the following:
	 
	 	 	Cause. The term “Cause” shall mean (i) the willful and continued failure of the
Participant to perform the Participant’s duties with the Company or one of its affiliates
(other than any such failure resulting from incapacity due to physical or mental illness),
or (ii) the willful engaging by the Participant in illegal conduct or gross misconduct in
the course of his or her discharge of duties for the Company. For purposes of this
provision, no act or failure to act, on the part of the Participant, shall be considered
“willful” unless it is done, or omitted to be done, by the Participant in bad faith or
without reasonable belief, that the Participant’s action or omission was in the best
interests of the Company.
	 
	 	 	Change in Control. The term “Change in Control” shall have the meaning ascribed to
it in Section 5 of the Plan.
	 
	 	 	Date of Termination. The term “Date of Termination” means the first day occurring
on or after the Grant Date on which the Participant is not employed by the Company or any
Subsidiary, regardless of the reason for the termination of employment; provided that a
termination of employment shall not be deemed to occur by reason of a transfer of the
Participant between the Company and a Subsidiary or between two Subsidiaries; and further
provided that the Participant’s employment shall not be considered terminated while the
Participant is on an approved leave of absence from the Company.
	 
	 	 	Designated Beneficiary. The beneficiary or beneficiaries designated by the
Participant in a writing filed with the Committee in such form and at such time as the
Committee shall require.
	 
	 	 	Disability. Except as otherwise provided by the Committee, the Participant shall be
considered to have a “Disability” during the period in which the Participant is considered
to be “disabled” as that term is defined in the Company’s long term disability plan.
	 
	 	 	Good Reason. The term “Good Reason” shall mean the occurrence of one or more of the
following conditions without the consent of the Participant:

	 	(a)	 	A material diminution in the Participant’s base compensation,
compared with the Participant’s base compensation in effect immediately prior
to the consummation of a Change in Control.
	 
	 	(b)	 	A material diminution in the Participant’s authority, duties,
or responsibilities, compared with the authority, duties, and
responsibilities of the Participant immediately prior to the consummation of
a Change in Control.
	 
	 	(c)	 	The Participant is required to report to a supervisor with
materially less authority, duties, or responsibilities than the authority,
duties, 

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	 	 	 	and responsibilities of the supervisor who had the greatest such
authority, duties, and responsibilities at the time the Participant was
required to report to such supervisor during the 120-day period immediately
preceding the consummation of a Change in Control.
	 
	 	(d)	 	A material diminution in the budget over which the Participant
retains authority, compared with the most significant budget, if any, over
which the Participant had authority at any time during the 120-day period
immediately preceding the consummation of a Change in Control.
	 
	 	(e)	 	A material change in the geographic location at which the
Participant must perform services.
	 
	 	(f)	 	Any other action or inaction by the Company that constitutes a
material breach of any change of control agreement between the Company and the
Participant that is in effect when a Change in Control occurs.

	 	 	If (I) the Participant provides written notice to the Company of the occurrence of Good
Reason within a reasonable time (not more than 90 days) after the Participant has knowledge
of the circumstances constituting Good Reason, which notice specifically identifies the
circumstances which the Participant believes constitute Good Reason; (II) the Company fails
to notify the Participant of the Company’s intended method of correction within a reasonable
period of time (not less than 30 days) after the Company receives the notice, or the Company
fails to correct the circumstances within a reasonable period of time after such notice
(except that no such opportunity to correct shall be applicable if the circumstances
constituting Good Reason are those described in paragraph (e) above, relating to
relocation); and (III) the Participant resigns within a reasonable time after receiving the
Company’s response, if such notice does not indicate an intention to correct such
circumstances, or within a reasonable time after the Company fails to correct such
circumstances (provided that in no event may such termination occur more than one year after
the initial existence of the condition constituting Good Reason); then the Participant shall
be considered to have terminated for Good Reason.
	 
	 	 	Retirement. “Retirement” of the Participant shall mean retirement on a “Retirement
Date,” as that term is defined in the GATX Corporation Non-Contributory Pension Plan for
Salaried Employees (the “Pension Plan”).

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