Document:

EX-10.37

 Exhibit 10.37 

ALENCO INC. 
 U.S.
Benefit Plans Administration Committee 
  

Unanimous Written Consent to Action in Lieu of a Meeting 

The undersigned, being all the members of the U.S. Benefit Plans Administration Committee (the “Committee”), of Alenco. Inc. (the
“Company”), are entitled to take action on the matters herein, and hereby unanimously consent to the adoption of the following resolutions: 
  

	 	A.	Amendments to Alenco Inc. Deferred Compensation Plan 

 WHEREAS, the Company
has delegated to the Committee the right to manage the Alenco Inc. Deferred Compensation Plan (the “NQDC Plan”), and to implement amendments to the NQDC Plan consistent with its mandate; and 

WHEREAS, the Committee has determined to clarify and amend the NQDC Plan, as of January 1, 2012, to make certain administrative
changes to the Plan; 
 NOW THEREFORE BE IT RESOLVED THAT: 

The following amendments are made to the NQDC Plan effective January 1, 2012: 

 

	 	•	 	ARTICLE I, 1.5 Participating Employers, add: “Encana Services Inc. is a participating employer as of April 1, 2010. Encana Natural Gas Inc. is a participating employer as of August 1, 2010.”

  

	 	•	 	ARTICLE II, 2.1 Accounts, B., 1., delete the sentence: “However, deferrals during a particular Plan Year intended to be allocated to a Fixed Period Account may be allocated only to one Fixed Period Account with
respect to such Plan Year, and no more than five Fixed Period Accounts with different maturity dates may exist for the Participant at any time. 

  

	 	•	 	ARTICLE IV, 4.1 Election to Defer Compensation, B., delete the sentence: “The Participant may also elect to defer any dollar amount of Base Compensation, in even $1,000 increments and spread evenly over the pay
periods, provided that the total amount deferred may not exceed 50% of Base Compensation.” 

  

	 	•	 	ARTICLE IV, 4.1 Election to Defer Compensation, C., delete the phrase: “...or any dollar amount of such Bonus Compensation (in even $1,000 increments, up to an including 100% of Bonus Compensation)’’

  

	 	•	 	 ARTICLE IV, 4.2 Election as to Form of Payment, replace the sentence: “The Participant may elect to have the
Participant’s balance distributed in (1) a lump sum, (2) in annual installments over a period of 5 years, or (3) in annual installments over a period of 10 years.” with “The Participant may elect to have

  
 1 

	 	•	 	 

	 	the Participant’s balance distributed in (1) a lump sum, or (2) in annual installments for any number of years up to 10.” 

  

	 	B.	Transfer of Trust Assets 

 WHEREAS, the Company has delegated to the
Committee the right to manage the NQDC Plan and the Tom Brown, Inc. Deferred Compensation Plan (discontinued December 1, 2004) (the “TBI NQDC Plan”); and 

WHEREAS, the Committee has determined after consideration, to transfer the Trust Assets of the NQDC Plan and the TBI NQDC Plan from
Bankers Trust to Principal Trust Company, to realize cost savings and administration efficiencies; 
 NOW THEREFORE BE IT RESOLVED THAT: 

The Trust Agreement with Bankers Trust be terminated, and the Assets of the NQDC Plan and the TBI NQDC Plan be transferred to Principal Trust
Company as of January 1, 2013 (or as soon as administratively practicable), upon execution of a Trust Agreement with Delaware Charter Guarantee & Trust Company, conducting business as Principal Trust Company. 

AND BE IT FURTHER RESOLVED THAT: 
 The
Committee hereby authorizes and directs, for and on behalf of the Committee through the Alenco Inc. U.S. Benefit Plans Administration Committee Mandate parts #10 and #13, the Committee Chair to take any action and execute any documents that in his
opinion or in the opinion of the Company’s legal counsel may be necessary or advisable to accomplish the resolutions described above, and that one or more officers of the Company and where appropriate other employees of the Company, are further
authorized to execute such documents and instruments and to take such actions as are necessary or advisable to: (1) effectuate the adoption of these resolutions; (2) implement the provisions of these resolutions; and (3) maintain
compliance of the Plans with applicable laws and regulations including any filings with state or federal government agencies. 
 **** 

This unanimous written consent may be executed in counterparts. 
  

									
	COMMITTEE MEMBERS:	 		 	
			
	/s/ John P. Keplinger	 		 	/s/ Philip J. Coyle
	John P. Keplinger	 		 	Philip J. Coyle
					
	Dated:	 	 1-25-13
	 		 	Dated:	 	 01/25/13

  

									
	/s/ Mary Viviano	 		 	/s/ Christopher J. Casebolt
	Mary Viviano	 		 	 Christopher J. Casebolt

					
	Dated:	 	 1/9/13
	 		 	Dated:	 	 1/9/13

			
	/s/ Nancy Brennan	 		 	/s/ Rob Barclay
	Nancy Brennan	 		 	Rob Barclay
					
	Dated:	 	 01/24/13
	 		 	Dated:	 	 1/24/13

  
 2ex10-1.htm

Exhibit 10.1

 

AMOS KOHN

EXECUTIVE EMPLOYMENT AGREEMENT

AMENDMENT NO. 1

 

THIS AMENDMENT NO. 1 is dated as of February 22, 2017, and amends that certain Executive Employment Agreement dated November 30, 2016, entered into by and between Digital Power Corporation, a California corporation (“Company”), and Amos Kohn (“Executive”). 

 

RECITALS

 

Whereas, Executive and the Company previously entered into an Executive Employment Agreement dated November 30, 2016; and 

 

Whereas, Executive and the Company wish to amend the Employment Agreement to clarify certain portions of Executive’s compensation.

 

NOW, THEREFORE, in consideration of the promises and the covenants set forth in this Agreement and for other valuable consideration, the parties hereby agree as follows.

 

Section 4.(b)(i) of the Executive Employment Agreement is deleted in its entirety and replace as follows:

 

	 	
4.
	
(b) Equity Participation. Executive shall be entitled to received equity participation as follows:

 

(i)           Warrant Grant: Executive shall be entitled to receive a ten-year warrant to purchase 317,460 shares of the Company's Common Stock (the "Warrant Grant"), at an exercise price of $0.01 per share subject to vesting. The Warrant Grant shall be subject to vesting of which warrants to purchase 39,682 shares shall vest beginning on January 1, 2017, and on the first date of each quarter thereafter (i.e., April 1, July 1, and October 1) through July 1, 2018, with warrants to purchase 39,686 shares to vest on October 1, 2018.

 

The remaining terms of the Executive Employment Agreement shall remain in full force and effect.

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

 

DIGITAL POWER CORPORATION

 

 

By:  /s/ Robert Smith                                                                                     

Name:    Robert Smith

Title:      Director

 

EXECUTIVE:

 

By:   /s/ Amos Kohn                                           

Name:     Amos KohnEX-10.7

 Exhibit 10.7 
  

 
 POST OFFICE BOX 90808 

LAFAYETTE, LOUISIANA 70509 USA 

TELEPHONE: 337 235 2452 
 Lance F. Bospflug 

President & Chief Operating Officer 

February 6, 2017 
 Mr. Jamie Hinch 

28152 Emerald Oaks 
 Magnolia, TX 77354 

Dear Jamie: 
 On behalf of PHI, Inc., I am
pleased to confirm our offer of employment on the following terms and conditions. 
 Your position will be Chief Administrative
Officer for PHI, Inc. (“PHI”), reporting to me, and your employment will begin on February 13, 2017. Your base salary will be $25,000.00 per month (or if you choose to convert this to an annual salary, $300,000 per
year). 
 In recognition of your acceptance of PHI’s offer and to help offset some of your equity and/or cash bonus you will lose from
your current employer, when you report to work in February 2017, PHI will grant you a one-time Restricted Share Unit award of $46,750. The actual number of shares will be calculated by dividing $46,750 by the
average January 2017 share price. Additionally, you will receive a one-time cash bonus of $46,750, one-half payable when you report to work for PHI in February 2017, and
the other half payable at completion of six (6) months of employment. With Board of Director approval in February 2017, you will also be designated as a Named Officer of PHI. 

You will be eligible for an annual Senior Management Bonus at a level of up to 97.5% of your year-end
annual salary, the amount of which will be based on corporate earnings and safety performance (a description of how the plan worked for 2016 is attached). 

You will also be eligible for participation in PHI’s Long-Term Incentive Plan (LTIP), with a Performance-based Restricted Share Unit
(RSU) award based on achievement of certain financial performance at a level of 75% of your annual salary, and a Time-vested LTIP award at a level of 100% of your annual base salary. Both the Performance-based and Time-vested awards cliff-vest over
a 3-year period. So long as PHI’s Board of Directors approves continuation of the LTIP, you will receive an annual Performance-based award based on achievement of certain financial goals over a 3-year average (currently EBITDA divided by revenue), and a new Time-vested award once you vest in your prior Time-vested award (a copy of the Plan is attached). Finally, you will receive an annual performance and
salary review, generally in the August time frame. 

 Jamie Hinch Offer Letter 

February 6, 2017 
  Page
 2
 
  

 You will be eligible for PHI-paid relocation from
your residence in Magnolia, TX to Lafayette, LA in accordance with the attached management relocation policy. PHI will extend the time allowed for you to complete you relocation to Lafayette, LA for a twenty-four (24) month period beginning on
your date of hire. Your location of employment will be Lafayette, LA; however frequent travel will be required to other locations to meet the requirements of our business. 

As a result of your employment with PHI, you will also be eligible to participate in all employee benefits programs such as PHI’s health
insurance, dental, 401(k), life insurance, sick leave, holidays, vacation, etc. As a Senior Manager with PHI, you will be immediately eligible for three weeks of paid sick leave and four (4) weeks of paid vacation each year. Paid sick leave and
vacation thereafter will accrue to you each January 1, the amounts of which are defined in the attached Senior Management Sick Leave and Vacation Corporate Policies. 

Your location of employment will be Lafayette, Louisiana; however, periodic travel to other locations will be required to meet our business
needs. You must provide PHI a copy of your college degree(s) and you must successfully pass PHI’s required pre-employment drug test and Background Screening. 

Jamie, we look forward to having you join the PHI team and becoming an integral part of our management group. After you have had a chance to
review this offer of employment, I would appreciate you indicating acceptance by signing in the space provided below, and returning this letter to me as soon as available. If you have any questions regarding this offer, please contact me at (337) 272-4299 or by email lbospflug@phihelico.com. 
 Sincerely, 

/s/ Lance F. Bospflug 

POST OFFICE BOX 90808    LAFAYETTE, LOUISIANA 70509-0808    TELEPHONE
337-272-4547    FAX 337-272-4232

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