Parallel Nonqualified Stock Purchase Plan Arrangement between Compuware Corporation and Peter Karmanos, Jr.
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Summary
This agreement allows Peter Karmanos, Jr., the CEO of Compuware Corporation, to buy company shares under the same terms as the Employee Stock Purchase Plan (ESPP), even though he is not a formal participant. However, he does not receive the tax benefits that regular ESPP participants do. Any shares he purchases will count against the total shares available under the ESPP.
EX-10.100 2 k05797exv10w100.txt PARALLEL NONQUALIFIED STOCK PUCHASE PLAN ARRANGEMENT EXHIBIT 10.100 PARALLEL NONQUALIFIED STOCK PURCHASE PLAN ARRANGEMENT Peter Karmanos, Jr., Compuware Corporation's Chief Executive Officer, is permitted to purchase shares from Compuware Corporation on the same terms and conditions as provided in Compuware Corporation's Employee Stock Purchase Plan (the "ESPP") as if he were a participant in the ESPP. Mr. Karmanos is not entitled to the favorable tax treatment afforded to participants in the ESPP. Shares purchased by Mr. Karmanos shall reduce the number of shares reserved for issuance under the ESPP as if Mr. Karmanos were a participant therein.
