Document:

EXHIBIT 10.8(f)

LIST OF CERTAIN BENEFITS

AVAILABLE TO CERTAIN EXECUTIVE OFFICERS

(As in effect February 1, 2012)

The following benefits are
available to some or all executive officers (among other persons), but not to
all full-time employees of the Corporation.

	
  

 	
  

 
	
 1)

 	
 If the Board has
 authorized a stock repurchase program, an executive may request the
 repurchase of shares of the Corporation at the day’s volume-weighted average
 price with no payment of any fees or commissions if the repurchase of the
 shares is otherwise permissible under the authorized program.

 
	
  

 	
  

 
	
 2)

 	
 The Corporation’s
 disability insurance program generally is available to employees. Persons
 above a certain grade level, including executive officers, receive an
 additional benefit. Executive officers are paid an amount each year intended
 to reimburse premiums associated with the additional benefit.

 
	
  

 	
  

 
	
 3)

 	
 The Corporation makes
 available or pays for tax preparation, tax consulting, estate planning, and
 financial counseling services for executive officers. If a preferred provider
 is used, the Corporation will pay the annual counseling fee ($13,500 for
 2012) per person as well as general engagement fees and expenses which are
 not applied on a per person basis. If an executive chooses to use another provider,
 the Corporation will reimburse actual costs up to the following limits:
 $15,000 per year for the CEO ($22,500 in any year in which a new financial
 counseling firm is engaged); and $5,000 per year for other executives ($7,500
 in any year in which a new financial counseling firm is engaged).

 
	
  

 	
  

 
	
 4)

 	
 On occasion spouses of
 certain employees, including executive officers, are asked by the
 Corporation, for business reasons, to accompany the employee on a business
 trip or function. In those cases the Corporation may pay the travel,
 accommodation, and other expenses of the spouse incidental to the trip or
 function, some or all of which can result in taxable income for the employee.
 Also, on occasion the Corporation may provide or pay for a memento, gift, or
 other gratuity that the employee or spouse receives in connection with the
 business trip or function.

 
	
  

 	
  

 
	
 5)

 	
 The
 Corporation provides a relocation benefit to a wide range of employees,
 including executive officers, under varying circumstances and subject to
 certain constraints. The benefit may be in the form of an allowance or a
 reimbursement of actual expenses, and includes a tax gross up feature.EXHIBIT 10.8(g)

DESCRIPTION OF 2012 SALARIES FOR

2011 NAMED EXECUTIVE OFFICERS

(Updated and restated as of February 14,
2012)

Salaries for
executive officers consist of two components: cash, and salary stock units.
Salary stock units are credited periodically during the year and are paid in
accordance with a written program.

Annualized
salary rates effective January 1, 2012 for the current executive officers of
the Company who are named in the executive compensation disclosures of the
Company’s 2012 proxy statement in relation to fiscal year 2011 (“2011 Named
Executive Officers”) are:

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Officer Name

 	
  

 	
 Cash Salary

 	
  

 	
 Salary Stock Units

 	
  

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 
	
 D. Bryan Jordan

 	
  

 	
 $

 	
 800,000

 	
  

 	
 $

 	
 320,000

 	
  

 
	
 William C. (B.J.) Losch III

 	
  

 	
  

 	
 400,000

 	
  

 	
  

 	
 160,000

 	
  

 
	
 Michael E. Kisber

 	
  

 	
  

 	
 600,000

 	
  

 	
  

 	
 900,000

 	
  

 
	
 David T. Popwell

 	
  

 	
  

 	
 450,000

 	
  

 	
  

 	
 180,000

 	
  

 
	
 Charles T. Tuggle, Jr.

 	
  

 	
  

 	
 475,000

 	
  

 	
  

 	
 190,000

 	
  

 

Salary rates generally continue
in effect until they are changed.ex10-12.htm

Exhibit 10.12

 

 

FIFTH AMENDMENT TO THE

CAMERON INTERNATIONAL CORPORATION

RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective January 1, 2008)

WHEREAS, Cameron International Corporation (the “Company”) and other Employers have heretofore adopted the Cameron International Corporation Retirement Savings Plan (As Amended and Restated Effective January 1, 2008) (the “Plan”); and

 

WHEREAS, in connection with the change of the Plan’s recordkeeper, the Company desires to amend the Plan on behalf of itself and all Employers in certain respects;

 

NOW, THEREFORE, the Plan shall be amended as follows:

 

I.           Effective as of March 3, 2011:

 

1.           The word “written” shall be deleted before the word “request” in each place that it appears in Section 8.1(b) and 8.2 of the Plan.

 

2.           A new subparagraph (c) shall be added to Section 8.1 of the Plan as follows:

 

	
  

	
“(c)

	
file a request with the Committee in the form and within the time period prescribed by the Committee for a withdrawal of his Rollover Contributions (along with any earnings and net of any losses attributable thereto).”

 

3.           The third sentence of subparagraph (a) of Section 13.3 of the Plan shall be deleted and the following shall be substituted therefor:

 

“In determining the net worth of the Funds hereunder, the Trustee shall include as a liability such amounts as in the Committee’s judgment shall be necessary to pay all expenses in connection with the termination of the Trust and the liquidation and distribution of the Trust property, as well as other expenses, whether or not accrued, and shall include as an asset all accrued income.”

 

4.           Notwithstanding anything in the contrary in the Plan, from and after March 3, 2011, periodic installment distributions shall be eliminated as a form of distribution available under the Plan.

 

II.           As amended hereby, the Plan is specifically ratified and reaffirmed.

 

IN WITNESS WHEREOF, the parties have caused these presents to be executed this   1st__ day of ___February____, 2011, effective for all purposes as provided above.

 

 

 

	  	
CAMERON INTERNATIONAL CORPORATION

 

	  	
By:                                       /s/                                                                

	  	
Name:    Roslyn R. Larkey                                                      

	  	
Title:      Vice President, Human Resources                                                                           

  

  

  

SIXTH AMENDMENT TO THE

 

CAMERON INTERNATIONAL CORPORATION

 

RETIREMENT SAVINGS PLAN

 

(As Amended and Restated Effective January 1, 2008)

 

WHEREAS, Cameron International Corporation (the “Company”) and other Employers have heretofore adopted the Cameron International Corporation Retirement Savings Plan (As Amended and Restated Effective January 1, 2008) (the “Plan”); and

 

WHEREAS, the Company desires to amend the Plan on behalf of itself and all Employers in certain respects;

 

NOW, THEREFORE, the Plan shall be amended as follows:

 

I. Effective as of September 1, 2010:

 

1. Section 1.1(9B) of the Plan shall be deleted and the following shall be substituted therefor:

 

“(9B)           The term ‘Committee’ shall mean the Cameron Benefits Committee.”

 

2. The phrase “Cameron International Corporation Plans Administration Committee” in Article XIV of the Plan shall be deleted and the word “Committee” shall be substituted therefor.

 

II. Effective as of January 1, 2011, a new Section 1.1(14(D) shall be added to the Plan as follows:

 

	
  

	
“(D)

	
Notwithstanding anything to the contrary herein, the Compensation of a Member shall include payments of regular compensation for services during the Member’s regular working hours, compensation for services outside the Member’s regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments that are paid to the Member following his Severance Date (except to the extent specifically excluded above) but which would have been paid to the Member prior to such date if he had continued in employment with the Employer, provided that such payments are paid by the later of two and one-half  months following the Member’s Severance Date or the end of the Limitation Year that includes such Severance Date.”

 

III. Effective as of March 3, 2011:

 

1. The Addendum for Employees of Cooper Cameron Valves Division Plant at Little Rock, Arkansas shall be amended by deleting from the fifth paragraph thereof the phrase “provided, however, that such Members may only exercise such withdrawal rights once during every six-month period of a calendar year”.

 

2. The Addendum for Employees of Cooper Energy Services Division Plan at Ponca City, Oklahoma (Nickles) shall be amended by deleting from the last paragraph thereof the phrase “provided however, that withdrawal made pursuant to this sentence may be made in any amount and may be made up to two times in any 12 month period.”

 

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IV. Effective as of July 1, 2011:

 

1. A new Section 1.1(7B) shall be added to the Plan, as follows:

 

“(7B)           The term ‘Bonus Compensation’ shall mean any and all Compensation that is cash annual bonus paid to a Member under the Employer’s incentive compensation plans and designated as ‘bonus’ in the Employer’s payroll system, which, for the avoidance of doubt, will exclude any amounts classified in the Employer’s payroll system as a sign on bonus, patent award, merit lump sum or special compensation with benefits.”

 

2. A new Section 1.1(52A) shall be added to the Plan, as follows:

 

“(52A)                      The term ‘Regular Compensation’ shall mean Compensation other than a Member’s Bonus Compensation.

 

3. A new Section 1.1(14)(E) shall be added to the Plan, as follows:

 

“(E)           For purposes of facilitating a Member’s election to reduce his Compensation in order to make Basic Contributions under the Plan, the Compensation of a Member shall include his Regular Compensation and his Bonus Compensation, as such terms are defined herein.”

 

4. Section 3.1 of the Plan shall be deleted and the following shall be substituted therefor:

 

“3.1           Basic Contributions.

 

Commencing with the date as of which he becomes a Member, each Member may elect to defer (a) an integral percentage of from 1% to 50% (or such lesser percentage as may be prescribed from time to time by the Company) of his Regular Compensation for a Plan Year, and (b) an integral percentage of from 1% to 50% (or such lesser percentage as may be prescribed from time to time by the Company) of his Bonus Compensation for a Plan Year, by having his Employer contribute the amounts so deferred to the Plan.  In restriction of the Members’ elections provided in Section 2.3, this Section, and Section 4.10, and except to the extent permitted under Section 3.6 and Section 414(v) of the Code, the Basic Contributions and the elective deferrals (within the meaning of Section 402(g)(3) of the Code) under all other plans, contracts and arrangements of the Employer on behalf of any Member for any calendar year shall not exceed the dollar limitation contained in Section 402(g) of the Code in effect for such calendar year.  If a Member elects to have such Basic Contributions made on his behalf, his Compensation shall be reduced by the percentage(s) he elects pursuant to the terms of the Compensation reduction authorization described in Section 2.3 or 4.10.  Unless specifically provided otherwise in the Plan, each Member who is an Eligible Employee may elect to have Basic Contributions made on his behalf to the Plan.  Notwithstanding the foregoing provisions of this Section 3.1, (x) Basic Contributions made with respect to a Plan Year on behalf of Highly Compensated Employees shall not exceed the limitations set forth in Section 4.1 and (y) notwithstanding anything to the contrary herein, the provisions of the Plan permitting separate elections as to Regular Compensation and Bonus Compensation shall be made available to eligible Members when applicable payroll and administrative procedures have been implemented, as determined by the Committee in its discretion and, until such time, a Member’s election to defer Compensation under the Plan shall apply to all his Compensation (subject to the applicable Plan and Code-based limitations on such deferrals).”

 

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5.           Section 4.10 of the Plan shall be deleted and the following shall be substituted therefor:

 

“4.10           Changes in Reduction and Deduction Authorizations.

 

Effective as of any payroll period, any Member who is eligible to make Basic Contributions under the Plan may suspend his Basic Contributions or change (a) the percentage of his Regular Compensation which is contributed as Basic Contributions or (b) the percentage of his Bonus Compensation which is contributed as Basic Contributions in accordance with the procedures and within the time period prescribed by the Plan Administrator.  Notwithstanding the foregoing, any Member who makes such change(s) shall be limited to the percentage of his Compensation that does not exceed the applicable limitations set forth in Section 3.1, and, if applicable, Section 3.6.  If the Committee determines that a reduction of Compensation deferral elections made pursuant to Sections 2.3, 3.1, and this Section 4.10 is necessary to insure that the restrictions set forth in Sections 3.1 or 16.3 are met for any Plan Year, the Committee may reduce the elections of affected Members on a temporary and prospective basis in such manner as the Committee shall determine.”

 

6.           Section 10.2(b)(3)(vi) of the Plan (referring to the level income annuity option) shall be deleted.

 

V. As amended hereby, the Plan is specifically ratified and reaffirmed.

 

IN WITNESS WHEREOF, the parties have caused these presents to be executed this   9th_ day of ____June____, 2011, effective for all purposes as provided above.

 

 

 

	  	
CAMERON INTERNATIONAL CORPORATION

 

	  	
By:                                       /s/                                                                

	  	
Name:    Roslyn R. Larkey                                                      

	  	
Title:      Vice President, Human Resources                                                                           

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