Second Amendment to Change in Control Enhancement Agreement between Broadridge Financial Solutions, Inc. and John Hogan
This amendment, effective September 19, 2013, updates the existing change in control enhancement agreement between Broadridge Financial Solutions, Inc. and John Hogan. The main change is the removal of the executive's right to receive a tax equalization payment related to excise taxes under Section 4999 of the Internal Revenue Code. All other terms of the original agreement, as previously amended, remain unchanged.
Exhibit 10.2
AMENDMENT NUMBER TWO
TO
ENHANCEMENT LETTER
AMENDMENT (Amendment) made on September 19, 2013 to the change in control enhancement agreement dated as of March 29, 2007 (the Enhancement Agreement), previously amended effective December 31, 2008, between Broadridge Financial Solutions, Inc., a Delaware corporation (the Company), and John Hogan (the Executive).
WHEREAS, the Company and the Executive have previously entered into the Enhancement Agreement; and
WHEREAS, the Enhancement Agreement was previously amended effective December 31, 2008; and
WHEREAS, the Company and the Executive desire to amend the Enhancement Agreement in a manner intended to delete the Executives right to a tax equalization payment provided in the Enhancement Agreement which would have placed the Executive in the same after-tax position as if the excise tax under Section 4999 of the Internal Revenue Code did not apply;
NOW, THEREFORE, effective September 19, 2013, the Enhancement Agreement is hereby amended as follows:
1. Section 2 of the Enhancement Agreement, as amended effective December 31, 2008, is hereby deleted in its entirety and replaced with the words Reserved.
2. Except as expressly amended hereby, the Enhancement Agreement, as amended effective December 31, 2008, shall continue in full force and effect.
[Remainder of Page Left Intentionally Blank]
IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed this 19th day of September, 2013.
EXECUTIVE | ||
/s/ John Hogan | ||
John Hogan | ||
BROADRIDGE FINANCIAL SOLUTIONS, INC. | ||
By: | /s/ Adam D. Amsterdam | |
Name: | Adam D. Amsterdam | |
Title: | Vice President, General Counsel and Secretary |