Document:

Exhibit 10.2 - 2014 Cash LTI Award Agreement Form

Exhibit 10.2

   
FORM OF 2014 CASH-BASED LONG-TERM INCENTIVE AWARD AGREEMENT

THIS AGREEMENT (the “Agreement”) is between MOMENTIVE SPECIALTY CHEMICALS INC., a New Jersey corporation (the “Company”), and the Participant set forth on the signature page to this Agreement (the “Participant”).

WHEREAS, the Company’s indirect parent, Momentive Performance Materials Holdings LLC, (“MPMH LLC”) maintains the Momentive Performance Materials Holdings LLC  Long-Term Cash Incentive Plan adopted November 25, 2013 (the “Plan”) for the benefit of employees of its subsidiaries, including the Company; and 

WHEREAS, the Company has agreed to grant to the Participant, a cash-based long-term incentive award (the “Award”) pursuant to the Plan on the terms and subject to the conditions set forth in this Agreement and the Plan;

NOW, THEREFORE, in consideration of the promises and of the mutual agreements contained in this Agreement, the parties hereto hereby agree as follows: 
    
Section 1.The Plan.

The terms and provisions of the Plan are hereby incorporated into this Agreement as if set forth herein in their entirety.  In the event of a conflict between any provision of this Agreement and the Plan, the provisions of this Agreement shall control.  A copy of the Plan may be obtained from the Company by the Participant upon request.  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Plan.

Section 2.Grant of Cash-Based Award.

Subject to the conditions of the Plan and this Agreement, the Company hereby grants to the Participant a cash-based long-term incentive award in the amount and currency set forth on the signature page hereto (the “Target Award”), payable based upon the Participant’s continued employment with the Company or one of the Company’s subsidiaries.

Section 3.Conditions to Payment of Award.

Participant’s right to any payment of the award is subject to the requirements described below.

(a)    Subject to Participant not having a prior Termination of Relationship, {$/%} of the Target Award will be payable on [DATE].

(b)    Subject to Participant not having a prior Termination of Relationship, {$/%} of the Target Award will be payable on [DATE].

(c)    In order to be eligible to receive any payment of an award, Participant must be actively employed with the Company or one of the Company’s subsidiaries on the date that payment occurs.

(d)    All payments made under the Plan will be subject to any and all applicable income, employment and other tax withholding requirements.

Section 4.Construction.

It is intended that any amounts payable under this Agreement and the Company’s and the Participant’s exercise of authority or discretion hereunder shall comply with and avoid the imputation of any tax, penalty or interest under Section 409A of the Code.  This Agreement shall be construed and interpreted consistent with that intent.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the first date specified below.

THE COMPANY:
MOMENTIVE SPECIALTY CHEMICALS INC.

By:    _____________________________
Name:    _____________________________
Title:    _____________________________
Date:    _____________________________

FORFEITURE OF PRIOR AWARD UNDER 2012 LTIP

By signing below and accepting this Award, you agree to forfeit any and all payments that could arise from awards granted to you under the 2012 Long-Term Cash Incentive Plan, other than the award scheduled to be paid in April 2015, which is 50% of your target award.

By signing below, you acknowledge having received the Plan document and you further agree to be bound by the terms and conditions of the Plan and this Agreement.

Your participation is contingent upon your acknowledgement and agreement to the provisions of this Plan and Agreement, and to the forfeiture of awards described above, both as  indicated by your signing below and returning the signed Agreement by email to equityadmin@momentive.com by the close of business on {RETURN DATE}.

THE PARTICIPANT:

By:    _____________________________
Name:    _____________________________
Title:    _____________________________
Date:    _____________________________

Last address on the records of the Company:

Target Award:  {AMOUNT} {CURR}CMLS 2014.09.30 - EX - 10.1

Exhibit 10.1

AMENDMENT TO EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement (the “First Amendment”) is made and entered into and is effective as of September 4, 2014 (the “First Amendment Effective Date”) by and between Cumulus Media Inc. (“Company”) and John Dickey (“Employee”) (collectively the "Parties" and individually a "Party").
WHEREAS, the Parties entered into that certain Employment Agreement dated November 29, 2011 (the “Agreement”); 
WHEREAS, the Company has requested an amendment to the Agreement, as described more fully herein, and Employee has agreed to enter into such amendment; 
NOW THEREFORE, in consideration of the mutual obligations contained herein, and for other good and valuable consideration, the sufficiency of which the Parties hereby acknowledge, Employee and the Company agree as follows:
A. The first Recital and Sections 3(a) and 3(b) of the Agreement are hereby amended to delete the references to “Executive Vice President and Co-Chief Operating Officer” and to insert the following in lieu thereof: “Executive Vice President of Content and Programming”.

B.  Section 3(b) is further amended to insert the following at the end of the section:

Executive’s primary responsibilities will include, without limitation, (a) developing and managing content to be broadcast on Company’s owned and operated radio stations, the Westwood One, Inc. radio network and the Rdio platform; (b) developing and expanding the Rdio initiative and platform; (c) identifying,  negotiating and managing the Company’s third party content partnerships; (d) developing and managing the NASH brand across all media platforms, including video and non-broadcast initiatives; (e) responsibility for the management and development of the ratings of Company owned and operated radio stations and network distributed programs; (f) identifying, negotiating and implementing broadcast and non-broadcast initiatives to increase Company revenue, including live events, award shows, concerts and other entertainment-based activities, and (g) responsibility for identifying, negotiating and implementing any other of the Company’s non-traditional radio ("NTR”) initiatives.  
C.  As of the First Amendment Effective Date, the term “Agreement” shall mean the original Agreement, as well as this First Amendment thereto.

D.  All capitalized terms used, but not defined, herein shall have the meanings ascribed to them in the original Agreement.

E.  Except as expressly amended herein, all terms and conditions of the original Agreement remain and shall remain unchanged and unaltered and in full force and effect.

IN WITNESS WHEREOF, Company’s duly authorized representative and Employee have executed this First Amendment, which is effective as of the First Amendment Effective Date.    

Company:

Cumulus Media Inc.

By: ___________________
Signature

Printed Name: _____________________

Title: ______________________________
   

Employee:

By: ________________________________
John DickeyEx101to3Q1410-QFormofStockOptionAgreement

Exhibit 10.1

NAVIDEA BIOPHARMACEUTICALS, INC.
5600 Blazer Parkway, Suite 200, Dublin, Ohio 43017-7550

«Date_of_Grant»

«Employee»
«Address»
«CityState»

Congratulations. You have been granted a Nonqualified Stock Option under Navidea Biopharmaceuticals, Inc.’s 2014 Stock Incentive Plan (the “Plan”) on the following terms:

		
	1.
	Number of Shares. The number of Shares of Common Stock of Navidea Biopharmaceuticals, Inc. that you may purchase under this Option is:  «Shares».

		
	2.
	Exercise Price. The exercise price to purchase Shares under this Option is:  $_______ per Share.

		
	3.
	Vesting.  One fourth (1/4) of the Shares originally subject to this Option will vest and become exercisable on each anniversary of the date of grant (“Date of Grant”) if you have been an Employee of the Company continuously from the date of this Agreement shown above through the date when such portion of the Option vests.  In addition, should you be terminated by the Company without cause as defined by the Plan, all outstanding options will become vested immediately.  Should you terminate service for any other reason before the occurrence of any otherwise applicable vesting date, you shall forfeit any interest in Shares subject to this option that have not yet vested.

		
	4.
	Lapse. This Option will lapse and cease to be exercisable upon the earliest of:

		
	a.
	the expiration of 10 years from the date of this Agreement shown above,

		
	b.
	the expiration of one year from the date that you cease to be an Employee because of your death, disability, or retirement,

		
	c.
	90 days after your employment with Navidea or any Subsidiary is terminated by Navidea or such Subsidiary without cause, or

		
	d.
	immediately upon termination of your employment with Navidea or any Subsidiary for a reason other than your death, disability or retirement or by Navidea for cause. 

		
	5.
	Taxation. This Option is a Nonqualified Option.  You will have taxable income upon the exercise of this Option. At that time, you must pay to Navidea an amount equal to the required federal, state and local tax withholding less any withholding otherwise made from your salary or bonus. If, for any reason, Navidea is unable to withhold all or any portion of the amount required to be withheld, then you (or any person who may exercise this Option) agree to pay an amount equal to the withholding required to be made less the amount actually withheld by Navidea. You must satisfy any relevant withholding requirements before Navidea issues Shares to you.

		
	6.
	Exercise. This Option may be exercised by the delivery of this Agreement with the notice of exercise attached hereto properly completed and signed by you to the Treasurer of the Company, together with the aggregate Exercise Price for the number of Shares as to which the Option is being exercised, after the Option has become exercisable and before it has ceased to be exercisable. The Exercise Price must be paid  (i) in cash, (ii) by authorizing a third party with which you have a brokerage or similar account to sell the Shares (or a sufficient portion of such Shares) acquired upon the exercise of the Option and remit to Navidea a portion of the sale proceeds sufficient to pay the entire Exercise Price to Navidea, (iii) by delivering Shares that have an aggregate Fair Market Value on the date of exercise equal to the Exercise Price; (iv) by authorizing Navidea to withhold from the total number of Shares as to which the Option is being exercised the number of Shares having a Fair Market Value on the date of exercise equal to the aggregate Exercise Price for the total number of Shares as to which the Option is being exercised, or (v) by any combination of (i), (ii), (iii), and (iv).  In the case of an election pursuant to (i) above, cash shall mean cash or check made payable to Navidea Biopharmaceuticals, Inc.  In the case of payment pursuant to (ii) or (iii) above, your authorization must be made on or prior to the date of exercise and shall be irrevocable.  

		
	7.
	No Transfer. This Option may not be sold, pledged nor otherwise transferred other than by will or the laws of descent and distribution; and it may only be exercised during your lifetime by you. Notwithstanding the foregoing, you may transfer this Option either (a) to members of your immediate family (as defined in Rule 16a-1 under the Securities Exchange Act of 1934, as amended), to one or more trusts for the benefit of such family members, or to partnerships or other entities in which such family members are the only partners or owners, provided that you do not receive any consideration for the transfer, or (b) with the prior written approval of the committee appointed by the Board of Directors to administer the Plan.  Any option held by a transferee remains subject to the same terms and conditions that applied immediately prior to transfer based on the transferor’s continuing relationship with the Company.  This Agreement is neither a negotiable instrument nor a security (as such term is defined in Article 8 of the Uniform Commercial Code).

		
	8.
	Not An Employment Agreement. This Agreement is not an employment agreement and nothing contained herein gives you any right to continue to be employed by or provide services to Navidea or affects the right of Navidea to terminate your employment or other relationship with you.

		
	9.
	Forfeiture Conditions.  Notwithstanding any provision herein to the contrary, in the event of termination of your employment for Cause, the breach of any non-competition or confidentiality restrictions applicable to you, or your participation in an activity that is deemed by the Committee to be detrimental to the Company, (i) your right to exercise any unexercised portion of the Option shall immediately terminate and all rights thereunder shall cease, (ii) your right to receive an issuance of Shares upon settlement of the Option shall immediately terminate, and, (iii) if the Option has been exercised, in whole or in part, then either (A) the Shares issued upon exercise of the Option shall be forfeited and returned to the Company and you shall be repaid the lesser of (x) the then-current Fair Market Value per Share or (y) the Exercise Price paid for such Option Shares, or (B) you will be required to pay to the Company in cash an amount equal to the gain realized by you from the exercise of such Option (measured by the difference between the Fair Market Value of the Option Shares on the date of exercise and the Exercise Price paid by you).

		
	10.
	Plan Controls. This Agreement is an Award Agreement (as such term is defined in the Plan) under Article 5 of the Plan. The terms of this Agreement are subject to, and controlled by, the terms of the Plan, as it is now in effect or may be amended from time to time hereafter, which are incorporated herein as if they were set forth in full. Any words or phrases defined in the Plan have the same meanings in this Agreement.  A copy of the Plan is attached to this Agreement.  You should read the entire Plan to familiarize yourself with its terms and conditions. 

		
	11.
	Miscellaneous. This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof and it supersedes and discharges all prior agreements (written or oral) and negotiations and all contemporaneous oral agreements concerning such subject matter. This Agreement may not be amended or terminated except by a writing signed by the party against whom any such amendment or termination is sought. If any one or more provisions of this Agreement shall be found to be illegal or unenforceable in any respect, the validity and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby. This Agreement shall be governed by the laws of the State of Delaware.

Please acknowledge your acceptance of this Agreement by signing the enclosed copy in the space provided below and returning it promptly to Navidea.

	
		
	

	

NAVIDEA BIOPHARMACEUTICALS, INC.

	 
	

   By:   _______________________________

	

	

           Brent L. Larson    
           Executive Vice President & CFO

	 
	 

	Accepted and Agreed to as of
the date first set forth above:
	 

	

____________________________________
	 

	Employee Signature
	 

OPTION EXERCISE FORM

The undersigned hereby exercises the right to purchase ____________________ shares of Common Stock of Navidea Biopharmaceuticals, Inc. pursuant to the Award Agreement dated ______________under the Navidea Biopharmaceuticals, Inc. 2014 Stock Incentive Plan.

Approved by (President, CEO or
EVP/CFO):

____________________________________        _____________________________________
Employee Signature                    Date            Signature                                Date

Sign and complete this Option Exercise Form and deliver it to:

Navidea Biopharmaceuticals, Inc.
Attn: Chief Financial Officer
5600 Blazer Parkway
Suite 200
Dublin, Ohio 43017-7550

together with the option price in cash (i) in cash, (ii) by authorizing a third party with which you have a brokerage or similar account to sell the Shares (or a sufficient portion of such Shares) acquired upon the exercise of the Option and remit to Navidea a portion of the sale proceeds sufficient to pay the entire Exercise Price to Navidea, (iii) by delivering Shares that have an aggregate Fair Market Value on the date of exercise equal to the Exercise Price; (iv) by authorizing Navidea to withhold from the total number of Shares as to which the Option is being exercised the number of Shares having a Fair Market Value on the date of exercise equal to the aggregate Exercise Price for the total number of Shares as to which the Option is being exercised, or (v) by any combination of (i), (ii), (iii), and (iv).  

COLUMBUS/1714194v.2

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