SEC Contract Filing

Filing Date: 2015-02-03

Document Content:
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<TYPE>EX-10.A
<SEQUENCE>2
<FILENAME>ldr-20140930ex10a0f158e.htm
<DESCRIPTION>EX-10.A
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 Exhibit 10(a) Landauer Executive Special Severance Plan
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 <a name="_GoBack"></a><font style="display: inline;">LANDAUER, INC.</font><br /><font style="display: inline;">EXECUTIVE SPECIAL SEVERANCE PLAN</font>
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 <font style="display: inline;">This document constitutes an amendment and restatement of the Landauer, Inc. Executive Special Severance Plan (the &#x201C;Plan&#x201D;) and incorporates Amendment One and Amendment Two to the Plan, each dated December 18, 2012.&nbsp;&nbsp;Pursuant to the power of amendment contained in Section 22 of the Plan, effective 120 days after Employees are notified of such amendment, Section 2 of the Plan is amended to provide for &#x201C;double-trigger&#x201D; vesting of equity awards.&nbsp;&nbsp;All other amendments included in this amendment and restatement shall be effective November 12, 2014.&nbsp; </font>
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 <font style="display: inline;">The Plan is intended to secure the continued services and ensure the continued dedication and objectivity of the Employees (as defined in Section 1(g)) in the event of any threat or occurrence of, or negotiation or other action that could lead to, or create the possibility of, a Change in Control (as defined in Section&nbsp;1(d)) of the Company, by providing to such Employees certain protections so that such Employees need not be hindered or distracted by personal uncertainties and risks created by any such possible Change in Control.&nbsp;&nbsp;The purpose of the Plan is to provide benefits to a group of employees of the Company and its participating affiliates that constitutes a &#x201C;select group of management or highly compensated employees&#x201D; within the meaning of Department of Labor Regulation &#xA7;2520.104-24.&nbsp; </font>
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 <font style="display: inline;color:#000000;">1.</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 64.8pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-decoration:underline;">Definitions.</font><font style="display: inline;"> &nbsp;As used in the Plan, the following terms shall have the respective meanings set forth below:</font>
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 <font style="display: inline;color:#000000;">(a)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&#x201C;Average Prior Bonus&#x201D; means the bonus determined by multiplying (A) the average of the percentages of annual base salary representing the Employee&#x2019;s annual bonus for each of the three fiscal years immediately preceding the fiscal year in which the Termination Date occurs by (B) the Employee&#x2019;s highest annual base salary from the Company and its affiliated companies in effect during the 12-month period prior to the Termination Date.</font>
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 <font style="display: inline;color:#000000;">(b)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&#x201C;Board&#x201D; means the Board of Directors of the Company.</font>
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 <font style="display: inline;color:#000000;">(c)</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 61.2pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">&#x201C;Cause&#x201D; means:</font>
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 <font style="text-indent:0pt;margin-left:0pt; padding-right:5pt;"><font style="display: inline;color:#000000;">(1)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">a material breach by an Employee of those duties and responsibilities of the Employee which do not differ in any material respect from the duties and responsibilities of the Employee during the 90-day period immediately prior to a Change in Control (other than as a result of incapacity due to physical or mental illness) which is demonstrably willful and deliberate on the Employee&#x2019;s part, which is committed in bad faith or without reasonable belief that such breach is in the best interests of the Company and which is not remedied in a reasonable period of time after receipt of written notice from the Company spe