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EX-99.1 - EX-99.1 - THOMAS GROUP INCa11-14868_1ex99d1.htm
8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - THOMAS GROUP INCa11-14868_18k.htm

Exhibit 10.1

 

CANCELLATION OF

 

PERFORMANCE SHARE AWARD

 

UNDER THE

 

2008 OMNIBUS STOCK AND INCENTIVE PLAN

 

for

 

THOMAS GROUP, INC.

 

WHEREAS, I received an award of 60,000 shares of Restricted Stock Units dated March 15, 2011 (the “Award”) under the 2008 Omnibus Stock and Incentive Plan for Thomas Group, Inc.,

 

WHEREAS, under the terms of the Award 15,000 shares were to vest on the last day of each calendar quarter during 2011,

 

WHEREAS, as of June 9, 2011 45,000 shares remain unvested,

 

WHEREAS, the Thomas Group, Inc. desires to cancel the 2008 Omnibus Stock and Incentive Plan for Thomas Group, Inc.,

 

NOW, THEREFORE effective as of June 9, 2011, I, Michael E. McGrath (the “Holder”), for good and valuable consideration received, do hereby consent to the cancellation of the unvested 45,000 shares of the (the “Award”).

 

 

/s/ Michael E. McGrath

 

 

 

Michael E. McGrath

 

 

 

 

 

Confirmed:

 

 

 

 

 

/S/ John T. Chain, Jr.

 

 

 

John T. Chain, Jr.

 

Chairman, Compensation and Corporate Governance Committee