SEC Contract Filing

Filing Date: 2016-02-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>amendedchangeincontrolplan.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<a name="s6C48D1F8CC6ADA0D820C9EE490E08AD1"></a><div></div><br><div style="line-height:120%;text-align:left;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"><br></font></div><div style="line-height:120%;padding-top:5px;text-align:right;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#282828;font-weight:bold;">EXHIBIT 10.1</font></div><div style="line-height:120%;padding-top:5px;text-align:center;padding-left:160px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#282828;font-weight:bold;">THE ULTIMATE SOFTWARE GROUP, INC.</font></div><div style="line-height:232%;text-align:center;padding-left:69px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#282828;font-weight:bold;">AMENDED AND RESTATED CHANGE IN CONTROL BONUS PLAN FOR EXECUTIVE OFFICERS</font></div><div style="line-height:120%;padding-top:1px;text-align:center;padding-left:158px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#282828;font-weight:bold;">EFFECTIVE AS OF February 1, 2016</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#282828;font-weight:bold;">Section 1.&#160;&#160;&#160;&#160;Purpose</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:46px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#282828;">The purpose of The Ultimate Software Group, Inc. Amended and Restated Change in Control Bonus Plan for Executive Officers is to provide cash bonus payments to certain executive officers of the Company upon a Change in Control of the Company. The Plan is designed to promote the interests of the Company and its shareholders by providing an additional incentive to management to maximize the value of the Company's business and its common stock.</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;font-size:11.5pt;"><font style="font-family:inherit;font-size:11.5pt;color:#282828;font-weight:bold;">Section 2.&#160;&#160;&#160;&#160;Definitions</font></div><div style="line-height:120%;text-align:left;font-size:10.5pt;"><font style="font-family:inherit;font-size:10.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:46px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#282828;">The following capitalized words as used herein shall have the following meanings:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:8px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;color:#282828;padding-right:46px;">(a)</font><font style="font-family:inherit;font-size:12pt;color:#282828;text-decoration:underline;">"Award"</font><font style="font-family:inherit;font-size:12pt;color:#282828;">&#32;means the contingent right of a Participant to receive a cash payment under the Plan upon a Change in Control of the Company, subject to such terms and conditions as the Committee may establish under the terms of the Plan.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:102px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:54px;"><font style="font-family:inherit;font-size:12pt;color:#282828;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#282828;text-decoration:underline;">"Board"</font><font style="font-family:inherit;font-size:12pt;color:#282828;">&#32;means the Board of Directors of the Company.</font></div></td></tr></table><div style="line-height:120%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:8px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;color:#282828;padding-right:46px;">(c)</font><font style="font-family:inherit;font-size:12pt;color:#282828;text-decoration:underline;">"Change in Control"</font><font style="font-family:inherit;font-size:12pt;color:#282828;">&#32;shall have the same meaning as the term "Change of Control," as set forth in the Company's Amended and Restated 2005 Equity and Incentive Plan, as it may be amended from time to time.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;pad