SEC Contract Filing

Filing Date: 2020-08-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.25
<SEQUENCE>2
<FILENAME>ex1025officerseverance.htm
<DESCRIPTION>EX-10.25
<TEXT>
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<title>Document</title></head><body><div id="i8d19fe9dd9e949e089ba4322d0cc49cb_1"></div><div style="min-height:72pt;width:100%;"><div style="text-align:right;"><font><br></font></div><div style="text-align:right;"><font><br></font></div><div style="text-align:right;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">EXHIBIT 10.25</font></div></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">AMENDMENT NUMBER ONE</font></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">TO THE</font></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">BROADRIDGE FINANCIAL SOLUTIONS, INC.</font></div><div style="text-align:center;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;">OFFICER SEVERANCE PLAN </font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, Broadridge Financial Solutions, Inc. (the &#8220;Company&#8221;) maintains the Broadridge Financial Solutions, Inc. Officer Severance Plan, as amended (the &#8220;Plan&#8221;)&#59; and</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, pursuant to Section VII.B. of the Plan, the Board of Directors (the &#8220;Board&#8221;) may amend the Plan, except that in the event an amendment is determined by the Board to be, in the aggregate, material and adverse to an Eligible Employee (taking into account any aspects of such amendment that are beneficial to the Eligible Employee), the Board shall provide 6 months&#8217; advance notice to the Eligible Employee of such amendment&#59; and</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;WHEREAS, the Company wishes to amend the Plan as set forth below, effective six months after notice is provided in accordance with Section VII.C of the Plan to Eligible Employees&#59; and</font></div><div><font><br></font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;NOW, THEREFORE, effective six months after notice is provided in accordance with Section VII.C of the Plan to the applicable Eligible Employee, the Plan is hereby amended as follows&#58;</font></div><div style="padding-left:36pt;"><font><br></font></div><div style="text-indent:-18pt;padding-left:36pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">1.</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt;">The second sentence of Section IV of the Plan is hereby amended to read in its entirety as follows&#58;</font></div><div style="text-indent:-22.5pt;padding-left:63pt;"><font><br></font></div><div style="padding-left:36pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#8220;For purposes of this Plan, &#8220;Cause&#8221; shall mean&#58; (1) the Eligible Employee is convicted of, or pleads nolo contendere to, a felony&#59; (2) willful misconduct by the Eligible Employee resulting in material harm to the Company or a subsidiary&#59; (3) the Eligible Employee commits an act constituting fraud, embezzlement, theft, or dishonesty against the Company or a subsidiary&#59; (4) continuing failure by the Eligible Employee to perform his or her duties after written notice thereof from the Company or a subsidiary&#59; (5) material breach by the Eligible Employee of any term of any confidentiality, non-solicitation and&#47;or non-competition agreements with the Company or a subsidiary&#59; or (6) the Eligible Employee has violated the Company&#8217;s Code of Business Conduct and Ethics.&#8221;</font></div><div><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div><div style="text-indent:-18pt;padding-left:36pt;"><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;">2.</font><font style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;padding-left:9pt;">Section VIII