EMPLOYMENT AGREEMENTEmployment Agreement • May 1st, 2009 • Asset Acceptance Capital Corp • Short-term business credit institutions • Michigan
This EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into this 21st day of January, 2009, to be effective as of January 1, 2009, between ASSET ACCEPTANCE, LLC, a Delaware limited liability company (the “Company”), a wholly owned subsidiary of Asset Acceptance Capital Corp., a Delaware corporation (“AACC”), and RION B. NEEDS (the “Executive”).
ASSET ACCEPTANCE CAPITAL CORP. (as amended and restated effective October 29, 2008) Restricted Stock Unit Award Agreement (Time-Based) Award No.2004 Stock Incentive Plan • May 1st, 2009 • Asset Acceptance Capital Corp • Short-term business credit institutions • Michigan
You are hereby awarded Restricted Stock Units (the “RSUs”) subject to the terms and conditions set forth in this Restricted Stock Unit Award Agreement (the “Award Agreement” or “Award”), and in the Asset Acceptance Capital Corp. 2004 Stock Incentive Plan, as amended and restated effective October 29, 2008 (the “Plan”). A copy of the Plan is attached as Annex A and a summary of the Plan appears in its prospectus, which is attached as Annex B. The Plan shall control over the prospectus in the event of any conflict or inconsistency between them. You should carefully review these documents, and consult with your personal financial advisor, in order to fully understand the implications of this Award Agreement, including your tax alternatives and their consequences.
