Document:

MEHC 12.31.11 EX 10.20

EXHIBIT 10.20

REVOLVING LOAN AGREEMENT

This REVOLVING LOAN AGREEMENT is entered into this 6th day of  January, 2012 between MidAmerican Energy Holdings Company ("Borrower"), and BH Finance LLC, ("Lender").

1. Revolving Loan Commitment

Lender shall, on the terms and conditions set forth herein, make loans (each such loan, a "Revolving Loan") to Borrower from time to time on any day in which commercial banks are open for business in New York (a "Business Day") until the Maturity Date (as defined below), in an aggregate amount not to exceed $500,000,000.  Within such aggregate amount, and subject to the other terms and conditions hereof, Borrower may borrow Revolving Loans, continue such Revolving Loans, prepay such Revolving Loans, and reborrow such Revolving Loans up to the Maturity Date.

2. Procedure for Borrowing.

Each borrowing of Revolving Loans (a "Borrowing") shall be made upon the Borrower's written notice delivered to Lender, which notice shall be received at least one Business Day prior to the requested borrowing date (the "Borrowing Date"), specifying: (a) the amount of the Revolving Loan and (b) the requested Borrowing Date, which shall be a Business Day.

Unless otherwise agreed by Borrower and Lender, the proceeds of the Borrowing will be made available to Borrower by wire transfer in accordance with written instructions provided by Borrower.

3. Prepayment of the Revolving Loans.

Borrower may, from time to time, without penalty or premium, upon notice to Lender, prepay any Revolving Loan in whole or in part prior to the Maturity Date provided: (a) Borrower has given to Lender not less than one Business Day prior written notice of the date and amount of the prepayment; and (b) such prepayment is made together with accrued interest on the amount prepaid calculated up to, but not including, the date of prepayment.

4. Maturity Date.

Borrower shall repay to Lender on June 30, 2012 (the "Maturity Date") the aggregate principal amount of Revolving Loans made to Borrower and outstanding on such date. The Maturity Date may be extended upon mutual agreement between Borrower and Lender.

5. Interest.

Each Revolving Loan shall bear interest for each Interest Period (as defined below) at a rate per annum equal to 1.0% above the LlBO Rate (as defined below).

"Interest Period" shall mean the period commencing on the first day following the last Business Day of the prior Interest Period and ending on the last Business Day of each month; provided that with respect to the initial Interest Period for any Revolving Loan, the Interest Period shall commence on the date such Revolving Loan was made. "LlBO Rate" for each Interest Period shall mean the lowest rate per annum  at which dollar deposits are offered in the London interbank market at or about 11:00 a.m., London time, on the first Business Day of such Interest Period, for deposits in an amount approximately equal to the aggregate outstanding Revolving Loans and for a one-month period.

Interest shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed from the date a Revolving Loan was made, and shall be payable on the last Business Day of each month during which any Revolving Loan is outstanding.  Any monthly unpaid interest will be added to Revolving Loan as of the first day of the succeeding month.

6. Place and Time of Payment.

All payments of principal and interest shall be made at such bank and account as Lender may designate.

7. Taxes.

Any and all payments by Borrower to Lender under this Agreement shall be made free and clear of, and without deduction or withholding for, any present or future taxes, levies, assessments, imposts, duties, deductions, fees, withholdings or similar charges, and all liabilities with respect hereto.  Borrower shall pay all present or future stamp, court or documentary taxes or any other excise or property taxes, charges or similar levies which arises from any payment made hereunder or from  the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, this Agreement.

8. General Provisions.

		
	(a)
	This Agreement contains all agreements entered into by the parties on the subject of the Revolving Loan. Amendments and additions to this Agreement must be made in writing and signed by Lender and Borrower.

		
	(b) 
	This agreement shall be subject to the law of the State of Nebraska.

		
	(c) 
	Any notices delivered in connection with this Agreement shall be delivered to the addresses listed on the signature page of this Agreement.

		
	(d)
	This Agreement may be executed in any number of separate counterparts, each of which, when so executed, shall be deemed an original, and all of said counterparts taken together shall be deemed to constitute but one and the same instrument.

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and signed as of the day and year first above written.

	
			
	MidAmerican Energy Holdings Company
	 
	BH Finance LLC

	 
	 
	 

	/s/ Patrick J. Goodman
	 
	/s/ Marc D. Hamburg

	Name: Patrick J. Goodman
	 
	Name: Marc D. Hamburg

	Title: SVP & CFO
	 
	Title: President

	 
	 
	 

	 
	 
	 

	Address:
	 
	Address:

	666 Grand Ave
	 
	3555 Farnam Street

	Des Moines, IA 50309
	 
	Omaha, Nebraska 68131MEHC 12.31.11 EX 10.21

EXHIBIT 10.21

SUMMARY OF KEY TERMS OF COMPENSATION ARRANGEMENTS
 WITH MIDAMERICAN ENERGY HOLDINGS COMPANY
 NAMED EXECUTIVE OFFICERS AND DIRECTORS

MidAmerican Energy Holdings Company's ("MEHC") continuing named executive officers each receive an annual salary and participate in health insurance and other benefit plans on the same basis as other employees, as well as certain other compensation and benefit plans described in MEHC's Annual Report on Form 10-K. 

The named executive officers are also eligible to receive a cash incentive award under MEHC's Performance Incentive Plan ("PIP"). The PIP provides for a discretionary annual cash award that is determined on a subjective basis and paid in December. In addition to the PIP, the named executive officers are eligible to receive discretionary cash performance awards periodically during the year to reward the accomplishment of significant non-recurring tasks or projects. Mr. Gregory E. Abel has not been granted discretionary cash performance awards in the past five years. Messrs. Patrick J. Goodman and Douglas L. Anderson and Ms. Maureen E. Sammon are participants in MEHC's Long-Term Incentive Partnership Plan ("LTIP"). Mr. Abel does not participate in the LTIP. A copy of the LTIP is attached as Exhibit 10.9 to the MEHC Annual Report on Form 10-K. Mr. Abel is a participant in MEHC's Incremental Profit Sharing Plan ("IPSP"). Messrs. Goodman and Anderson and Ms. Sammon do not participate in the IPSP. A copy of Mr. Abel's IPSP is attached as Exhibit 10.2 to the MEHC Annual Report on Form 10-K. 

Base salary for continuing named executive officers for MEHC's fiscal year ending December 31, 2012, is shown in the following table:

	
				
	Name and Title
	Base Salary

	Gregory E. Abel
Chairman, President and Chief Executive Officer
	$
	1,000,000
	

	Patrick J. Goodman
Senior Vice President and Chief Financial Officer
	$
	367,500
	

	Douglas L. Anderson
Senior Vice President and General Counsel
	$
	315,000
	

	Maureen E. Sammon
Senior Vice President and Chief Administrative Officer
	$
	230,000
	

Mr. Abel is a director of MEHC, but does not receive additional compensation for his service as a director other than what he receives as an employee of MEHC. The other members of the MEHC board of directors do not receive compensation for their service as directors.CHTR EX - 10.21

EXHIBIT 10.21

CHARTER COMMUNICATIONS, INC.

EXECUTIVE INCENTIVE PERFORMANCE PLAN

Article I.  Establishment And Purpose

1.1    Establishment of the Plan.  Charter Communications, Inc. (the "Company") hereby establishes the Charter Communications, Inc. Executive Incentive Performance Plan (the "Plan").

1.2    Purpose.  Section 162(m) of the Internal Revenue Code of 1986 limits to $1,000,000 the amount of an employer's deduction for a fiscal year relating to compensation for certain executive officers, with exceptions for specific types of compensation such as performance-based compensation.  
    
This Plan is intended to provide for the payment of qualified performance-based compensation in the form of bonuses that is not subject to the Section 162(m) deduction limitation.

1.3    Effective Date.  The effective date of the Plan is January 1, 2011, subject to approval of the material terms of the Plan by the Company's shareholders.  

Article II.  Definitions

2.1    Definitions.  Whenever used herein, the following terms will have the meanings set forth below, unless otherwise expressly provided.  When the defined meaning is intended, the term is capitalized.

(a)    "Board" means the Board of Directors of the Company.

(b)    "Code" means the Internal Revenue Code of 1986, as amended.

(c)    "Committee" means the Section 162(m) Committee of the Board, or another committee appointed by the Board to serve as the administrator for the Plan, which committee at all times consists of persons who are "outside directors" as that term is defined in the regulations promulgated under Section 162(m) of the Code.

(d)    "Company" means Charter Communications, Inc.

(e)    "Employer" means the Company and any entity that is a subsidiary or affiliate of the Company.

(f)    "Participant" for a Performance Period means an officer or other key employee who is designated  by the Committee as a participant in the Plan for that Performance Period in accordance with Article III.

(g)    “Target Award” shall mean the maximum amount that may be paid to a Participant as a bonus for a Performance Period if certain performance criteria are achieved in the Performance Period. 

 (h)    “Performance Period” shall mean the fiscal year of the Company; or any other period 

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designated as a Performance Period by the Committee.

2.2.    Severability.  In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provision had not been included.

Article III.  Eligibility And Participation

3.1    Eligibility.  The Participants in this Plan for any Performance Period shall be comprised of each employee of the Company who is a “covered employee” for purposes of Section 162(m) of the Code, or who may be such a covered employee as of the end of a tax year for which the Company would claim a tax deduction in connection payment of compensation to such employee, during such Performance Period and who is designated individually or by class to be a Participant for such Performance Period by the Committee at the time a Target Award is established for such employee.

3.2    Participation.  Participation in the Plan will be determined annually by the Committee.  Employees approved for participation will be notified of their selection as soon after approval as practicable.

3.3    Termination of Approval.  The Committee may withdraw approval for a Participant's participation at any time.  In the event of such withdrawal, the Employee concerned will cease to be a Participant as of the date of such withdrawal.  The Employee will be notified of such withdrawal as soon as practicable following the Committee's action.  A Participant who is withdrawn from participation under this Section will not receive any award for the Performance Period under this Plan.

Article IV.  Performance Criteria

4.1    Target Awards.  The Committee shall establish objective performance criteria for the Target Award of each Participant for each Performance Period in writing.  Such formula shall be based upon one or more of the following criteria, individually or in combination, as determined by the Committee in its discretion shall determine: (a) adjusted EBITDA; (b) adjusted EBITDA less capital expenditures; (c) revenue; (d) pre-tax or after-tax return on equity; (e) earnings per share; (f) pre-tax or after-tax net income, as defined by the Committee; (g) business unit or departmental pre-tax or after-tax income; (h) book value per share; (i) market price per share; (j) relative  performance to peer group companies; (k) expense management;  (l) total return to stockholders; and (m) customer experience and customer service metrics, as the Committee in its discretion may approve.  Such formula shall be sufficiently detailed and objective so that a third party having knowledge of the relevant performance results could calculate the bonus amount to be paid to the Participant pursuant to such Target Award formula.  

Such Target Award shall be established in writing by the Committee no later than 90 days after the beginning of such Performance Period (but no later than the time prescribed by Section 162(m) of the Code or the regulations thereunder in order for the level to be considered pre-established).  

4.2    Payment of Bonus.  As a condition to the right of a Participant to receive any bonus under this Plan, the Committee shall first be required to certify in writing, by resolution of the Committee or other appropriate action, that the performance criteria of the Target Award have been achieved and that the bonus amount of such Target Award has been accurately determined in accordance with the provisions of this Plan.  For this purpose, approved minutes of a meeting of the Committee in which the certification is made shall be treated as written certification.

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The Committee shall have the right to reduce the amount payable pursuant to a Target Award of a Participant in its sole discretion at any time and for any reason before the bonus is payable to the Participant, based on such criteria as it shall determine.  Notwithstanding any contrary provision of this Plan, the Committee may not adjust upwards the amount payable pursuant to a Target Award subject to this Plan, nor may it waive the achievement of the performance criteria established pursuant to this Plan for the applicable Performance Period.

The bonus amount so determined by the Committee shall be paid to the Participant as soon as administratively practical after the amount of the bonus had been determined and documented as provided above.  The bonus payable under this Plan shall be the sole bonus payable to each Participant with respect to a Performance Period.

The amount payable pursuant to Target Award may be paid in the form of cash, an award of Restricted Stock or other benefit under the Charter Communications, Inc. Amended and Restated 2009  Stock Incentive Plan, or any other form of payment approved by the Committee; provided that the value of such payments at the time the payment, credit or award is made, does not exceed the dollar amount of the Target Award.   
        
4.3    Maximum Bonus.  The maximum bonus amount payable to each Participant for any calendar year Performance Period shall be $10,000,000.  

The Committee shall have the power to impose such other restrictions on Target Awards and bonuses subject to this Plan as it may deem necessary or appropriate to ensure that such bonuses satisfy all requirements for “performance-based compensation” within the meaning of Section 162(m) of the Code, the regulations promulgated thereunder, and any successors thereto.

Article V.  Rights Of Participation

5.1.    Employment.  Nothing in this Plan will interfere with or limit in any way the right of the Employer to terminate a Participant's employment at any time, nor confer upon any Participant any right to continue in the employ of an Employer.

5.2    Nontransferability.  No right or interest of any Participant in this Plan will be assignable or transferable or subject to any lien or encumbrance, whether directly or indirectly, by operation of law or otherwise, including without limitation execution, levy, garnishment, attachment, pledge, and bankruptcy.

5.3    No Funding.  Nothing contained in this Plan and no action taken hereunder will create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant or beneficiary or any other person. Amounts due under this Plan at any time and from time to time will be paid from the general funds of the Company.  To the extent that any person acquires a right to receive payments hereunder, such right shall be that of an unsecured general creditor of the Company.

5.4    No Rights Prior to Award Approval.  No Participant will have any right to payment of a bonus pursuant to this Plan unless and until it has been determined and approved under Section 4.2.

Article VI.  Administration

6.1    Administration.  This Plan will be administered by the Committee according to any rules that it may establish from time to time that are not inconsistent with the provisions of the Plan.

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6.2    Expenses of the Plan.  The expenses of administering the Plan will be borne by the Company.

Article VII.  Requirements Of Law

7.1    Governing Law.  The Plan will be construed in accordance with and governed by the laws of the State of Missouri.

7.2    Withholding Taxes.  The Company has the right to deduct from all payments under this Plan any Federal, State, or local taxes required by law to be withheld with respect to such payments.

Article VIII.  Amendment And Termination

8.1    Amendment and Termination.  The Committee, in its sole and absolute discretion may modify or amend any or all of the provisions of this Plan at any time and from time to time, without notice, and may suspend or terminate it entirely. 

Article IX.  Shareholder Approval

9.1    Shareholder Approval.  This Plan shall be subject to approval by the affirmative vote of a majority of the shares cast in a separate vote of the shareholders of the Company at the 2011 Annual Meeting of Shareholders, and such shareholder approval shall be a condition to the right of a Participant to receive any bonus hereunder.

The undersigned hereby certifies that this Plan was duly adopted by the Board at its meeting on December 15, 2010 and as amended as of February 22, 2012.

By:    ____________________________________
Richard R. Dykhouse, Senior Vice     
President, General Counsel and     
Corporate Secretary
                        

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