SEC Contract Filing

Filing Date: 2018-12-20

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d677525dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED COMPENSATION PROTECTION AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS AMENDED AND RESTATED COMPENSATION PROTECTION AGREEMENT (the &#147;<U>Agreement</U>&#148;) is entered into effective as of January&nbsp;1,
2019 (the &#147;<U>Effective Date</U>&#148;) by and among CDW Corporation, a Delaware corporation (the &#147;<U>Company</U>&#148;), CDW LLC, an Illinois limited liability company and wholly owned subsidiary of the Company (&#147;<U>CDW
LLC</U>&#148;), and Christine A. Leahy (the &#147;<U>Executive</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company, CDW LLC and the Executive previously
entered into that certain Compensation Protection Agreement dated January&nbsp;1, 2017 (the &#147;<U>Previous Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, in connection with the Executive&#146;s promotion to President and Chief Executive Officer of the Company as of the Effective Date,
the Company, CDW LLC and the Executive desire to amend and restate in its entirety the Previous Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, subject to
Section&nbsp;8(a) hereof, this Agreement shall continue in effect until the expiration date of the Previous Agreement, which is January&nbsp;1, 2020 (the &#147;<U>Expiration Date</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">For and in consideration of the premises and the mutual covenants and agreements herein contained, the Company, CDW LLC and the Executive
hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. As used in this Agreement, the following terms shall have the
respective meanings set forth below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&#147;Accrued Obligations&#148; means, as of the Date of Termination, the
sum of (i)&nbsp;the Executive&#146;s base salary through the Date of Termination to the extent not theretofore paid, (ii)&nbsp;the amount of any bonus, annual incentive compensation, deferred compensation and other cash compensation accrued by the
Executive as of the Date of Termination to the extent not theretofore paid and (iii)&nbsp;any vacation pay, expense reimbursements and other cash entitlements accrued by the Executive as of the Date of Termination to the extent not theretofore paid.
For the purpose of this Section&nbsp;1(a), amounts shall be deemed to accrue ratably over the period during which they are earned, but no discretionary compensation shall be deemed earned or accrued until it is specifically approved by the Board or
the Compensation Committee in accordance with the applicable plan, program or policy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&#147;Affiliate&#148;
shall mean any corporation or other entity (i)&nbsp;in which the Company has a direct or indirect ownership interest of 50% or more of the total combined voting power of the then outstanding securities of such corporation or other entity entitled to
vote generally in the election of directors or (ii)&nbsp;which has a direct or indirect ownership interest of 50% or more of the total combined voting power of the then outstanding securities of the Company entitled to vote generally in the election
of directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;&#147;Board&#148; means the Board of Directors of the Company. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;&#147;Cause&#148; shall mean one or more of the following:
(i)&nbsp;the Executive&#146;s refusal (after written notice and reasonable opportunity to cure) to perform duties properly assigned which are consistent with the scope and nature of Executive&#146;s position, or (ii)&nbsp;the Executive&#146;s
commission of an act materially and demonstrably detrimental to the financial condition and/or goodwill of the Company or any of its subsidiaries, which act constitutes gross negligence or willful misconduct in the performance of duties to the
Company or any of its subsidiaries, or (iii)&nbsp;the Executive&#146;s commission of any theft, fraud, act of dishonesty or breach of trust resulting in or intended to result in material personal gain or enrichment of the Executive at the direct or
indirect expense of the Company or any of its subsidiaries, or (iv)&nbsp;the Executive&#146;s conviction of, or plea of guilty or nolo contendere to, a felony, (v)&nbsp;a material violation of any restrictive covenant with respect to <FONT
STYLE="white-space:nowrap">non-competition,</FONT> <FONT STYLE="white-space:nowrap">non-solicitation,</FONT> confidentiality or protection of