Document:

UNANIMOUS CONSENT OF THE

Exhibit 10.1

Quicksilver Resources Inc.

2006 Executive Bonus Program

Section 1.  Eligibility:  This 2006 Executive Bonus Program (the "Program") provides for awards of incentive bonuses to executives of the Company.  Only executives designated by the Compensation Committee are eligible to participate in the Program.  The Compensation Committee is authorized to establish the criteria for determining bonuses under the Program, including performance measures and target incentive amounts.

The portion of an incentive bonus awarded pursuant to the Program to an executive who is designated as a "Covered Employee" by the Compensation Committee that exceeds 25% of the executive's Target Incentive (i.e., the portion awarded for a Quantitative Performance Measure meeting or exceeding 80% of Budget ) is intended to qualify as "performance-based compensation" within the meaning of Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code"), and is granted under the Company's 2006 Equity Plan (the "Equity Plan"), is subject to the terms and conditions thereof and is subject to stockholder approval of the Equity Plan.  The portion of any bonus awarded to a Covered Employee that does not exceed 25% of the executive's Target Incentive (i.e., the portion that would be awarded if a Quantitative Performance Measure did not meet 80% of Budget) and all bonuses awarded to other executives under this Program are not intended to qualify as performance-based compensation, are not made pursuant to the Equity Plan and are not subject to stockholder approval.

Except as provided below, in order to receive a bonus under the Program, an executive must be an active, full-time employee on the last business day of the Plan Year.  The incentive bonus of a newly hired or promoted executive will be pro-rated based on the number of calendar days in the Plan Year that he or she participates in the Program.

If an eligible executive dies or becomes disabled and unable to work during the Plan Year, an award, pro-rated based on the number of calendar days in the Plan Year that he or she participated in the Program before his or her death or disability, will be paid to the executive or his or her beneficiary at the same time and in the same manner as awards for the Plan Year are paid to other executives.  The executive's beneficiary under the Program will be the beneficiary designated for the executive's group life insurance plan.  If no such beneficiary has been designated, the award will be paid to the executive's estate.

Section 2.  Definitions:

Cash Flow from Operations:  The Company's cash flow from operations for the year ended December 31, 2006, as determined in accordance with generally accepted accounting principles.

Earnings Per Share or EPS:  The Company's fully diluted Earnings Per Share as set forth in the Company's Consolidated Statement of Earnings for 2006, as determined in accordance with generally accepted accounting principles.

Plan Year:  January 1, 2006 through December 31, 2006.

Production Growth Rate:  The annual rate of growth in the Company's production for the year ended December 31, 2006.

Qualitative Performance Measures:  Those objective and subjective factors which the Compensation Committee may, in its discretion, consider in determining each eligible executive's award.  Qualitative Performance Measures may include such factors as the Chief Executive Officer's recommendation with respect to an executive's potential award, the Board of Directors' recommendation with respect to the Chief Executive Officer's potential award, and such other factors as the Compensation Committee may elect to consider in its discretion.

Quantitative Performance Goals:  Performance goals based on Quantitative Performance Measures, as set forth in Table 1.

Quantitative Performance Measures:  Cash Flow from Operations, Earnings Per Share, Production and Reserve Growth.

Reserve Growth:  The annual percentage increase in additions of proven reserves, net of revision, for the Plan Year.

Target Incentive:  Each eligible executive is assigned a Target Incentive by the Committee that is a function of his or her position and base salary, which represents the unadjusted bonus the executive would earn if all applicable performance goals for the Plan Year are achieved.

Weighting Factor:  The weighting percentage assigned to each Quantitative Performance Measure, as set forth in Table 1.

Section 3.  Performance Goals and Calculation of Awards:  With respect to each Quantitative Performance Measure, an executive's Target Incentive is multiplied by the "Percent Target Awarded" value corresponding to the actual performance result as set forth in Table 1 for that Quantitative Performance Measure and further multiplied by the Weighting Factor applicable to that Quantitative Performance Measure.  The resulting products for each Quantitative Performance Measure are then summed to obtain an executive's potential award.  The Compensation Committee may, in its discretion, adjust an executive's potential award based on consideration of Qualitative Performance Measures; provided, however, that with respect to an award to a Covered Employee, such discretion may be used only to reduce or eliminate such award.  In no event will the reduction of any executive's potential award have the effect of increasing an award payable to a Covered Employee under this Program.  The Compensation Committee's exercise of discretion to make adjustments in awards and performance measures with respect to Covered Employees is limited as specifically provided in the Equity Plan.

Section 4.  Approval and Payment of Awards:  Upon completion of the annual audit by the Company's independent auditors of the results of the Company's operations for the fiscal year ending December 31, 2006, the Compensation Committee will, in writing, certify to what extent the performance goals for the Plan Year were met and determine the award payable to each eligible executive.  Payment of awards will be made in a lump sum payment in cash, and will be made no later than two and one-half months after the end of the Plan Year.  The Company may deduct from any award such amounts as may be required to be withheld under any federal, state or local tax laws.  It is the Company's intention that any bonus awarded under the Program will not constitute a deferral of compensation within the meaning of Section 409A of the Code.

Section 5.  No Contract:  The Program is not and will not be construed as an employment contract or as a promise or contract to pay awards to Participants or their beneficiaries.  The Program will be approved by the Compensation Committee and may be amended from time to time by the Compensation Committee without notice.  No participant or beneficiary may sell, assign, transfer, discount or pledge as collateral for a loan, or otherwise anticipate any right to payment of an award under this Program.

Section 6.  Administration of the Program.  The Compensation Committee has the full authority and discretion to administer the Program and to take any action that is necessary or advisable in connection with the administration of the Program, including without limitation the authority and discretion to interpret and construe any provision of the Program or of any agreement, notification or document evidencing an award of an incentive bonus.  The interpretation and construction by the Compensation Committee of any such provision and any determination by the Compensation Committee pursuant to any provision of the Program or of any such agreement, notification or document will be final and conclusive.  No member of the Compensation Committee will be liable for any such action or determination made in good faith.

 

 

 

 

Table 1

Quicksilver Resources Inc.

2006 Executive Bonus Program

I.  Quantitative Performance Measures and Weighting Factors

	

Performance

Measure
	

Weighting Factor

	 	 
	

Earnings Per Share (EPS)
	

20%

	

Cash Flow from Operations
	

20%

	

Production Growth Rate
	

35%

	

Reserve Growth
	

25%

II.  Determination of Targets Attained

	

Actual Performance
	

Percent Target Awarded

	

120% of Budget or greater
	

200%

	

100% of Budget but less than 120% of Budget
	

100%

	

80% of Budget but less than 

100% of Budget
	

50%

	

Less than 80% of Budget
	

    25% 1,2

"Budget" represents (i) with respect to Earnings Per Share and Cash Flow from Operations, the applicable performance measure budgeted for 2006 in the Company's 2006 Budget (the "2006 Budget") approved by the Board of Directors on January 30, 2006, (ii) with respect to Production Growth Rate, the annualized rate of growth in production reflected in the 2006 Budget, and (iii) with respect to Reserve Growth, the performance goal established by the Compensation Committee for purposes of the Program on March 31, 2006.

The Quantitative Performance Goals for 2006 will be calculated so as to exclude the effects of any extraordinary or nonrecurring events (including any material restructuring charges, financial or otherwise), or any changes in accounting principles, acquisitions or divestitures, and may be adjusted as otherwise permitted by the Equity Plan, provided that, in the case of a Covered Employee, no such adjustment will be made if the effect of such adjustment would cause the related compensation to fail to qualify as "performance-based compensation."

1  The Percent Target Awarded for Actual Performance less than 80% of Budget may be any percent from 0-25%, at the discretion of the Compensation Committee.

2  Bonuses paid to Covered Employees in amounts up to the floor percentage of 25% of Target Incentive are not intended to qualify as performance-based compensation.  Only the portion of a bonus in excess of 25% of a Covered Employee's Target Incentive is intended to qualify as performance-based compensation.Fourth Amendment to Loan and Security Agreement

 Exhibit 10.77 
  
 FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT 
  
 This Fourth Amendment (this “Amendment”) is made as of the 30th day of March, 2006 to that certain Loan and
Security Agreement dated December 14, 2004, as previously amended by First Amendment to Loan and Security Agreement dated March 16, 2005 and by Second Amendment to Loan and Security Agreement dated as of October 31, 2005 and by Third
Amendment to Loan and Security Agreement dated December 27, 2005 (the “Loan Agreement”) among CITIZENS BANK OF MASSACHUSETTS (the “Bank”) and each of VIISAGE TECHNOLOGY, INC., a Delaware corporation, TRANS DIGITAL
TECHNOLOGIES CORPORATION, a Delaware corporation, IMAGING AUTOMATION, INC., a Delaware corporation and BIOMETRICA SYSTEMS, INC., a New Hampshire corporation (hereinafter individually and collectively referred to as the “Borrower”).
Capitalized terms used and not defined in this Amendment shall have the meanings ascribed to them in the Loan Agreement. 
  
 RECITALS 
  
 Borrower has requested that Bank agree to again amend the Minimum EBITDA covenant contained in Section 15(c) of the Loan Agreement for the discrete
fiscal quarter ended March 31, 2006. 
  
 Bank is amenable to
amending the Minimum EBITDA covenant, but only on the terms and conditions set forth in the Loan Agreement as amended hereby. 
  
 AGREEMENT 
  
 In consideration of the foregoing, of the undertakings of Borrower and Bank herein and for other good and valuable consideration, receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 1. The Minimum EBITDA covenant contained in Section 15(c) of the Loan Agreement is hereby amended to provide that, for the discrete reporting period ending March 31, 2006 only, Borrower’s EBITDA shall
not be less than $750,000.00. The foregoing amendment is effective only for the discrete reporting period ended March 31, 2006, and Bank’s agreement to modify this covenant for such period shall not constitute an agreement by Bank to
modify or amend this or any other covenant contained in the Loan Agreement for any other reporting period. 
  
 2. Borrower represents and warrants that all of the representations and warranties made by Borrower in the Loan Agreement and other Loan
Documents are and continue to be true and correct on the date hereof, except to the extent that any of such representations and warranties relate by their terms solely to a date prior to date of this Amendment. Except to the extent modified by this
Amendment, Borrower hereby ratifies and confirms all of its covenants and agreements under the Loan Agreement, including without limitation the covenant contained in Section 15 of the Loan Agreement, as modified by Paragraphs 1 above.

  
 3. Borrower further represents and warrants
that this Amendment is a valid and binding obligation of each Borrower, enforceable against each Borrower in accordance with its terms, except as may be affected by bankruptcy and other similar laws of general application affecting the rights and
remedies of creditors. 
  
 4. Borrower shall
promptly execute and deliver such further documents, instruments and agreements and take such further action as Bank may reasonably request, in its sole discretion, to effect the purposes of this Amendment and the Loan Agreement and other Loan
Documents, including, but not limited to the execution and delivery of all documents necessary or reasonably required by Bank to ensure that Bank has perfected liens on all assets of Borrower to the extent originally provided under the Loan
Agreement and the 

  

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other Loan Documents. Borrower hereby appoints any officer or agent of Bank as Borrower’s true and lawful attorney in fact, with power of substitution
to endorse the name of Borrower or any of their officers or agents in such regard, exercisable by Bank during the continuance of an Event of Default. 
  
 5. Except as otherwise expressly provided in this Amendment, nothing in this Amendment shall extend to or affect in any way any of the
Obligations or any of the rights and remedies of Bank arising under the Loan Agreement and other Loan Documents, and Bank shall not be deemed to have waived any or all of such rights and remedies with respect to any Event of Default or event or
condition which, with notice or the lapse of time, would become an Event of a Default and which, upon Borrower’s execution and delivery of this Amendment, might otherwise exist or which might hereafter occur. 
  
 6. By execution of this Amendment, each Borrower
acknowledges and confirms that it does not, as of the date of this Amendment, have any offsets, defenses or claims against Bank or any of its officers, agents, directors or employees whether asserted or unasserted to their respective Obligations.

  
 7. To the extent possible and except for the
specific changes to the Loan Agreement effected hereby, this Amendment shall be construed to be consistent with the provisions of the Loan Agreement. In the event of any inconsistency between the provisions of this Amendment and any other document
(including, without limitation, any Loan Document), instrument, or agreement entered into by and between Bank and Borrower, the provisions of this Amendment shall govern and control. This Amendment shall be binding upon Bank and Borrower, and their
representatives, successors, and assigns, and shall inure to the benefit of Bank and Borrower and their respective successors and assigns. This Amendment and all documents, instruments, and agreements executed in connection herewith incorporate all
of the discussions and negotiations between Borrower and Bank, either expressed or implied, concerning the matters included herein and in such other documents, instruments and agreements, any statute, custom, or usage to the contrary
notwithstanding. No such discussions or negotiations shall limit, modify, or otherwise affect the provisions hereof. No modification, amendment, or waiver of any provision of this Amendment, or any provision of any other document, instrument, or
agreement between any Borrower and Bank shall be effective unless executed in writing by the party to be charged with such modification, amendment, or waiver. 
  

8. Borrower acknowledges and agrees that it shall immediately pay to Bank the full amount of all reasonable out-of-pocket costs and
expenses of Bank incurred by Bank in preparation and documentation of this Amendment and all documents ancillary hereto or incurred by Bank after the date of this Amendment in connection with administration of the Obligations or enforcement of any
rights of Bank under the Loan Agreement and other Loan Documents or otherwise in respect of any of the Obligations. 
  
 9. If any clause or provision of this Amendment is determined to be illegal, invalid or unenforceable under any present or future law by
the final judgment of a court of competent jurisdiction, the remainder of this Amendment will not be affected thereby. It is the intention of the parties that if any such provision is held to be invalid, illegal or unenforceable, there will be added
in lieu thereof an enforceable provision as similar in terms to such provision as is possible, and that such added provision will be legal, valid and enforceable. 
  
 10. This Amendment is delivered to Bank in The Commonwealth of Massachusetts and it is the desire and
intention of the parties that this Amendment and the Loan Documents be in all respects interpreted according to the laws of The Commonwealth of Massachusetts. Borrower each specifically and irrevocably consents to the personal and subject matter,
jurisdiction and venue of any court of The Commonwealth of Massachusetts sitting in the counties of Suffolk or Middlesex or in the District Court of the United States for the District of Massachusetts with respect to all matters concerning this
Amendment or the Loan Documents or the enforcement of any of the foregoing. 
  
 11. This Amendment may be executed in one or more counterparts, each of which will be deemed an original document, but all of which will constitute a single document. This Amendment will not be binding on or
constitute evidence of a contract between the parties until such time as a counterpart of this document has been executed by each of the parties and delivered to Bank. 
  

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 WITNESS our hands and seals as of March 30, 2006. 
  

							
	 WITNESS (to all)
	 	 	 	 BORROWERS:
 VIISAGE TECHNOLOGY, INC.

				
	/s/    Elliot J. Mark        	 	 	 	By:	 	/s/    Bradley T. Miller        
	 	 	 	 	 duly authorized

			
	 	 	 	 	 TRANS DIGITAL TECHNOLOGIES CORPORATION

				
	 	 	 	 	By:	 	/s/    Bradley T. Miller        
	 	 	 	 	 duly authorized

			
	 	 	 	 	 IMAGING AUTOMATION, INC.

				
	 	 	 	 	By:	 	/s/    Bradley T. Miller        
	 	 	 	 	 duly authorized

			
	 	 	 	 	 BIOMETRICA SYSTEMS, INC.

				
	 	 	 	 	By:	 	/s/    Bradley T. Miller        
	 	 	 	 	 duly authorized

			
	 	 	 	 	 BANK:
 CITIZENS BANK OF MASSACHUSETTS

				
	 	 	 	 	By:	 	/s/    Kevin Barton        
	 	 	 	 	 	 	 

  

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