Amendment No. 3 to KAR Auction Services, Inc. Employee Stock Purchase Plan

Summary

KAR Auction Services, Inc. has amended its Employee Stock Purchase Plan, extending the plan's end date from December 31, 2018, to December 31, 2028, and removing Section 2.2(c) from the plan. This amendment is effective as of July 31, 2018, and is executed by the company's Chief Executive Officer. The amendment ensures the plan remains active for an additional ten years and updates its terms accordingly.

EX-10.26D 2 exhibit1026d-esppamendment.htm EXHIBIT 10.26D - AMENDMENT NO. 3 TO ESPP Exhibit

Exhibit 10.26d

AMENDMENT NO. 3

TO THE

KAR AUCTION SERVICES, INC. EMPLOYEE STOCK PURCHASE PLAN

WHEREAS, KAR Auction Services, Inc. (the “Company”) maintains the KAR Auction Services, Inc. Employee Stock Purchase Plan (the “Plan”);

WHEREAS, the Company desires to amend the Plan as set forth below;

NOW, THEREFORE, the Plan is hereby amended, effective July 31, 2018, as follows:


1.	Section 1.5 of the Plan is hereby amended by deleting the date “December 31, 2018” and replacing it with the date “December 31, 2028.”


2.	Section 2.2(c) is hereby deleted in its entirety.

IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date and the year first written above.

KAR AUCTION SERVICES, INC.

/s/ James P. Hallett

By: James P. Hallett

Title: Chief Executive Officer