SEC Contract Filing

Filing Date: 2016-08-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>3
<FILENAME>inin-2016630xchangeincontr.htm
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
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<div><a name="s42932c064c374f9e96b3be04f483e98a"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.8</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">INTERACTIVE INTELLIGENCE GROUP, INC.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM OF NON-EMPLOYEE DIRECTOR CHANGE OF CONTROL AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS NON-EMPLOYEE DIRECTOR CHANGE OF CONTROL AGREEMENT (&#8220;Agreement&#8221;) is effective as of May 19, 2016, by and between ______ (the &#8220;Director&#8221;) and Interactive Intelligence Group, Inc., an Indiana corporation (the &#8220;Corporation&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Recitals</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">A.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">The board of directors of the Corporation has determined that it is in the best interests of the Corporation and its shareholders to assure that the Corporation will have the continued dedication and objectivity of the Director, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Corporation.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">B.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">In order to accomplish the foregoing objective, the board of directors has directed the Corporation, upon execution of this Agreement by the Director, to amend the terms of all outstanding stock option awards, unvested restricted stock unit awards and any other unvested or restricted equity or equity-based awards granted to the Director under the Corporation&#8217;s 2006 Equity Incentive Plan, as amended, assigned and assumed (the &#8220;2006 Plan&#8221;) as of the date hereof and thereafter (the &#8220;Plan Awards&#8221;) to the extent set forth below.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">C.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">Capitalized terms used in the Agreement and not defined herein have the respective meanings ascribed to them in the 2006 Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[D. This Agreement shall replace in its entirety and supersede that certain Non-Employee Director Change of Control Agreement by and between the Company and the Director entered into prior to the date hereof.]</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In consideration of the mutual covenants herein contained, and in consideration of the continuing association of the Director with the Corporation, the parties agree as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">1.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">Acceleration of Vesting of Plan Awards. If the Director&#8217;s service on the board of directors is terminated, for whatever reason, pursuant to a transaction resulting in a Change in Control of the Corporation, any and all outstanding Plan Awards granted under the 2006 Plan then held by the Director will vest on a pro rata monthly basis, including full credit for partial months elapsed; </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">provided, however</font><font style="font-family:inherit;font-size:10pt;">, that for purposes of determining the vested portion of the Plan Awards, the Director shall be credited with one additional month of service for each month of service completed by the Director, up to a maximum of twenty-four (24) additional months of service credit.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following examples illustrate the effect of this grant of additional service credit:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Example 1:</font