Document:

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EXHIBIT 10.1(J)

COMPUTER NETWORK TECHNOLOGY CORPORATION

1992 STOCK AWARD PLAN

DEFERRED STOCK UNIT

DEFERRED STOCK AWARD ELECTION

(DIRECTOR)

TO: Human Resources Department, Computer Network Technology Corporation (the “Company”)

FROM:                                                                                                                   (Director)

I hereby elect to defer receipt of Common Shares as settlement of the Deferred
Stock Units (“DSU”) I have been granted under the Computer Network Technology
Corporation 1992 Stock Award Plan (the “Plan”). I understand that except as
set forth in this election, my election is irrevocable once made and that the
terms of the Plan (or its successors) will govern my election. I understand
that a deferral election will not be effective unless it is made at least 12
months before the Original Settlement Date or Deferred Settlement Date
(whichever is later) of my DSU. The terms of my election are as follows:

	1.	 	Deferred Settlement Date.

Subject to the terms of the Plan and the DSU Agreement, I will receive Common Shares in settlement of my deferred
DSU within 30 days of the earliest of (i) the Deferred Settlement Date I have elected below, (ii) the date of a
Fundamental Change unless appropriate provision is made for protection of the DSUs under paragraph 3.2 of the DSU
Agreement; (iii) an Event as defined in the Plan; or (iv) my death. A Deferred Settlement Date may be no earlier
than the later of (i) my Original Settlement Date or (ii) twelve months following the date of the election. I
understand that if I elect to have my DSUs settled in substantially equal annual installments then the Deferred
Settlement Date chosen herein will begin the first distribution, and that future distributions will occur on that
anniversary date in each subsequent year (unless settled sooner as described above).

I elect the following Deferred Settlement Date(s):

	 	 	 	 	 
	 	 	For the following portion of my DSUs                                       

the Deferred Settlement Date is                                       .
	 
	 	 	 	 
	

	 	These DSUs will be settled
	 	[_] in a lump sum
	

	 	 	 	[_] in       annual installments (up to 5)
	 
	 	 	 	 
	 	 	For the following portion of my DSUs                                       

the Deferred Settlement Date is                                       .
	 
	 	 	 	 
	

	 	These DSUs will be settled
	 	[_] in a lump sum
	

	 	 	 	[_] in       annual installments (up to 5)
	 
	 	 	 	 
	 	 	For the following portion of my DSUs                                       

the Deferred Settlement Date is                                       .
	 
	 	 	 	 
	

	 	These DSUs will be settled
	 	[_] in a lump sum
	

	 	 	 	[_] in       annual installments (up to 5)
	 
	 	 	 	 
	 	 	For the following portion of my DSUs                                       

the Deferred Settlement Date is                                       .
	 
	 	 	 	 
	

	 	These DSUs will be settled
	 	[_] in a lump sum
	

	 	 	 	[_] in       annual installments (up to 5)

 

 

	2.	 	Change of Settlement Date.

I understand that I may be able to change the Settlement Date(s) chosen herein.
However, such a change must be made at least one (1) year prior to the
original Deferred Settlement Date. I further understand that the new
Settlement Date(s) must be set to occur at least one (1) year after the date on
which the Change of Settlement Date notice is filed. A modification to the
Deferred Settlement Date elected herein will also require the consent of the
Company. I further understand that the ability to change the Deferred
Settlement Date may not be available to me in the future as a result of changes
to the Company’s future policy on changes in elections or any changes to the
applicable tax requirements governing deferred compensation occurring after
this deferral election and any future elections.

	3.	 	Irrevocability of Election.

This Deferred Stock Award Election will become irrevocable when filed.
However, at any time I may elect with the consent of the Company to receive
DSUs in Common Shares by accelerating my Deferred Settlement Date, but not
before the Original Settlement Date. I will receive 90% of the requested DSUs
(rounded down to the nearest whole share), with the balance permanently
forfeited to the Company. I understand that changes in applicable tax
requirements may cause this acceleration to become unavailable in the future.

	4.	 	Awards Unfunded.

I understand that the Company has not formally funded my deferred stock unit
awards. I understand that I am an unsecured creditor of the Company with
respect to my award until I am issued Common Shares in settlement of my award.

	5.	 	Subject to Plan.

This Deferred Stock Award Election is in all respects subject to the terms and
conditions of the Plan. Should any inconsistency exist between this Deferred
Stock Award Election, the Plan, the DSU Agreement, and/or any relevant
regulatory guidance (e.g., the Internal Revenue Code), then the provisions of
either the regulatory guidance or the Plan will control, with the Plan
subordinated to the relevant regulatory guidance.

	 	 	 	 	 
	Dated:
	 	 	 	 
	

	 	

	 	

	

	 	 	 	Signature

Received by CNT’s Human Resources Department

	 	 	 	 	 
	 	 	 	 	 
	Dated:
	 	 	 	 
	

	 	

	 	

	

	 	 	 	Signatureexv10wxcy

 

AMENDMENT

TO

THE TORO COMPANY

SUPPLEMENTAL MANAGEMENT RETIREMENT PLAN

     This Amendment is made to The Toro Company Supplemental Management
Retirement Plan, as most recently amended and restated effective July 27, 1998
(the “Plan”). All terms defined in the Plan shall have the same meanings when
used herein. This amendment is effective January 1, 2005. All provisions of
the Plan not amended by this Amendment shall remain in full force and effect.

1.  The definition of “Compensation” in Article I is amended by adding a
sentence at the end thereof to read as follows:

	 	 	Effective for periods beginning on or after January 1, 2005, Compensation
shall include only amounts paid or deferred in connection with the
Company’s annual base salary and the annual cash incentive plans.

2.  Section 4.1 is amended by supplementing the end of clause (a) thereof to
read as follows:

	 	 	; provided, however, that, effective for all periods beginning on
or after January 1, 2005, the determination of the amount that the
Participant would have been entitled to receive under the Pension
Plan and such other defined benefit plans shall be made without
regard to any compensation paid or accrued in connection with the
Company’s stock option, performance share and other stock-based
compensation plans or agreements, and

3.   Section 5.1 is amended by supplementing the end of clause (a) thereof to
read as follows:

	 	 	; provided, however, that, effective for all periods beginning on
or after January 1, 2005, the determination of the amount that the
Participant would have been entitled to receive under the Pension
Plan and such other qualified defined benefit plans shall be made
without regard to any compensation paid or accrued in connection
with the Company’s stock option, performance share and other
stock-based compensation plans or agreements, and

 

 

	 	 	The Company has caused this Amendment to be executed on the date indicated
below.

	 	 	 
	

	 	THE TORO COMPANY
	 
	 	 
	Dated: 7/22/04

	 	By   /s/ J. Lawrence McIntyre
	 
	 	 
	

	 	Its   Vice President

-2-exv10w1

 

Exhibit 10.1

FIRST AMENDMENT

TO

STAY BONUS AGREEMENT

          This First Amendment (this “Amendment”) is made as of June 21, 2004, to
the Stay Bonus Agreement dated as of April 5, 2004 (the “Agreement”) by and
between Wilsons The Leather Experts Inc., a Minnesota corporation (hereinafter,
“Wilsons”) and Peter G. Michielutti (hereinafter, the “Executive”).

RECITALS

          A.       Wilsons has determined that it is in the best interests of Wilsons to
retain the services of the Executive under the terms of the Agreement as
modified by this Amendment, and

          B.       Wilsons and the Executive desire to modify certain terms of the
Agreement, and

          C.       By signing this Amendment, the Executive is accepting such modified
terms and conditions of the Agreement.

          NOW, THEREFORE, the parties agree as follows:

          1.       The first sentence of paragraph 2(a) of the Agreement is hereby amended
and restated in its entirety to read as follows:

	 	“a.	 	The Executive will be entitled to payment of $100,000 if (i)
the performance criteria contained in subparagraph 2(a)(i) is
achieved by August 15, 2004 and the performance criteria contained
in subparagraph 2(a)(ii) below (collectively, the “Summer
Performance Criteria”) is achieved on or before August 15, 2004 and
Executive is employed by Wilsons on the day on which the Summer
Performance Criteria are achieved or (ii) the Executive is
terminated by Wilsons without Cause prior to August 15, 2004.”

          2.       All references in the Agreement to the “June Performance Criteria”
shall hereby be deemed to be references to the “Summer Performance Criteria.”

          3.       All references in the Agreement and the Amendment to this “Agreement,”
the “Agreement,” “hereunder,” “herein,” or “hereof” shall hereby be deemed to
be references to the Agreement, as amended by this Amendment and so hereafter
amended by any other amendment adopted in accordance with paragraph 9 of the
Agreement.

          IN WITNESS HEREOF, the parties have executed this Amendment effective as
of the date set forth above.

	 	 	 
	EXECUTIVE

	 	WILSONS THE LEATHER EXPERTS INC.
	 
	 	 
	/s/ Peter G. Michielutti

	 	By /s/ David L. Rogers
	
 

	 	
 
	Peter G. Michielutti

	 	Its
Presidentexv10w2

 

EXHIBIT 10.2

UNQUALIFIED RELEASE AGREEMENT

Agreement made this 13th day of July, 2004, by and between Jenele C. Grassle,
an individual, on behalf of herself, her heirs, and anyone else who has or
obtains legal rights through her (hereafter referred to as “I”, “me” or
“Releasor”) and River Hills Wilsons, Inc., a Minnesota corporation, and any
organization related to River Hills Wilsons, Inc. in the past or present, and
past or present officers, directors, employees (with the exception of
Releasor), shareholders, committees, insurors, agents, successors and assigns
of River Hills Wilsons, Inc. or any past or present related organization or
entity (hereafter referred to as “Wilsons”).

Definitions. All the words in this Unqualified Release Agreement (“Release”)
have their meaning in ordinary English.

Payments and Promises. In exchange for my Promises, as set forth below,
Wilsons has promised to do the following things for me:

	 	1.	 	Pay me the gross amount of $215,769.18, less all applicable federal and
state tax deductions and other applicable deductions, which net amount
shall be paid in a lump sum at such time as all required revocation and
rescission periods have passed without my revoking or rescinding this
Release in whole or in part). Regular salary payments shall be made until
and including August 13, 2004
	 
	 	2.	 	Reimburse me for the employer portion of the premium(s) for COBRA
continuation of the medical and/or dental coverage for which I am eligible
and currently enrolled (if any) as of my termination date, which I
acknowledge and agree shall be August 13, 2004 (resulting in insured
benefits coverage through August 31, 2004) for forty-four (44) weeks of
COBRA coverage. I understand and agree that this reimbursement agreement
is contingent upon my timely and properly electing COBRA coverage to be
effective September 1, 2004, and I understand and agree that I will pay
the full amount of each monthly premium and will then submit a copy of the
COBRA invoice to Brad Green, Director of Compensation and Benefits,
Wilsons Leather, 7401 Boone Avenue North, Brooklyn Park, MN 55428, for
reimbursement of the employer portion of the premium(s). I acknowledge
and agree that if I fail to timely and properly elect COBRA coverage, or
if I fail to timely pay the COBRA invoices or fail to submit copies of the
invoices to Wilsons for reimbursement, Wilsons shall not be responsible
for any lapse in medical and/or dental coverage or COBRA coverage, nor for
any failure to reimburse amounts otherwise payable pursuant to this
provision of this Release; and
	 
	 	3.	 	Provide me with executive level outplacement assistance through Right
Management or other outplacement services provider designated by Wilsons.

 

 

Release

Page 2

Payments Contingent on Release. I understand and agree that I would not
receive the Payments and Promises set forth above as item numbers 1, 2 and/or 3
except for my execution of this Release and the fulfillment of my Promises as
set forth herein.

Releasor’s Claims. The claims I am releasing below include all rights to any
relief of any kind to date, including but not limited to:

	 	1.	 	all claims I now have against Wilsons, whether or not now known;
	 
	 	2.	 	all claims I have against Wilsons for alleged discrimination against me
under any federal, state or local law, including but not limited to Title
VII of the Civil Rights Act of 1964, as amended (“Title VII”), 42 U.S.C.
§1981, the Civil Rights Act of 1991, the Fair Labor Standards Act
(“FLSA”), the Americans with Disabilities Act (“ADA”), Executive Order
11246, the Age Discrimination in Employment Act, as amended (“ADEA”) or
the Minnesota Human Rights Act, as amended (“MHRA”);
	 
	 	3.	 	all claims arising out of the hiring process used by Wilsons or arising
out of my termination, including but not limited to, any alleged breach of
contract, defamation or intentional infliction of emotional distress;
	 
	 	4.	 	all claims for attorneys’ fees; and
	 
	 	5.	 	all claims for any other alleged unlawful employment practices arising
out of or relating to my employment or the termination of my employment.

My Promises. In exchange for receiving the payments and other consideration
set forth in this Release, I hereby promise to fully and finally release, give
up and otherwise relinquish all my claims against Wilsons, including but not
limited to claims under Title VII, 42 U.S.C. §1981, the Civil Rights Act of
1991, FLSA, ADA, Executive Order 11246, ADEA and MHRA. I promise that I have
not filed and will not file any charges, complaints or civil actions against
Wilsons with any court, arbitration board or administrative agency and that I
will not bring any lawsuits or make any other demands against Wilsons except if
necessary to enforce the provisions of this Release. The payments and other
consideration I will receive as set forth in this Release is full and fair
payment for the release of all my claims. Wilsons does not owe me anything in
addition to what I will receive under this Release. I further promise to return
all company property to Wilsons, including but not limited to company-provided
credit card(s) and security card(s), any company equipment and any proprietary
company documents and/or information that may be in my possession. Further, I
promise that I will continue to meet the reporting requirements for an officer
of a publicly held company, and comply with all applicable laws and regulations
and with company policy with regard to my officer status through my termination
date of August 13, 2004, and thereafter comply with securities laws and
regulations as applicable.

Additional Agreements and Understandings. I acknowledge that Wilsons’ position
is that even though it has paid me to release my claims, Wilsons does not admit
that it is responsible or legally obligated to me and, in fact, Wilsons denies
any wrongdoing or legal obligation to me.

 

 

Release

Page 3

Confidentiality. I agree not to disclose any information regarding the
existence or substance of this Release or the payments and other consideration
given in exchange for the Release except to my spouse, a financial advisor and
an attorney or attorneys with whom I may choose to consult regarding my
consideration of this Release. It shall be a condition of any disclosure to
any such individuals that they also maintain the confidentiality of the
Release.

Rights to Counsel, Consider, Revoke and Rescind. I understand that I am
advised by Wilsons to consult an attorney prior to signing this Release. I have
read this Release carefully and understand all of its terms. I have had the
opportunity to discuss this Release with my own attorney. In agreeing to sign
this Release, I have not relied on any statements or explanations made by
Wilsons, its agents or its attorneys, other than Wilsons’ promises as set forth
in this Release.

I further understand that I have twenty-one (21) days to consider my release of
rights and waiver of claims beginning the date on which I receive this Release.
I agree that any changes in this Release made prior to signing, whether
material or not, do not restart or otherwise affect the 21-day period for
consideration. If I sign this Release, I understand that I am entitled to
revoke my release of rights or claims of age discrimination under the ADEA
within seven (7) days of executing it, and it shall not become legally binding
or enforceable until the seven-day period has expired. Any revocation within
this period must be submitted in writing to Corrine G. Lapinsky, Director of
Legal Services, Wilsons Leather, 7401 Boone Avenue No., Brooklyn Park, MN
55428. The revocation must be either personally delivered or mailed and
postmarked within seven (7) days of execution of the Unqualified Release
Agreement.

I further understand that, pursuant to Minnesota law as set forth below, I may
rescind this Release for a period of fifteen (15) days following the date I
sign this Agreement. Any rescission within this period must be submitted in
writing to Corrine G. Lapinsky, Director of Legal Services, Wilsons Leather,
7401 Boone Avenue No., Brooklyn Park, Minnesota 55428, and the rescission must
state, “I hereby rescind my acceptance of the Unqualified Release Agreement.”
The rescission must be either personally delivered or mailed and postmarked
within fifteen (15) days of execution of the Unqualified Release Agreement.
This Unqualified Release Agreement shall not become effective or enforceable
until the rescission period has expired. If the last day of the rescission
period is a Saturday, Sunday or legal holiday in Minnesota, then the rescission
period shall not expire until the next following day which is not a Saturday,
Sunday or legal holiday.

Releasor is further specifically advised pursuant to Minnesota Statutes Section
363.031 that Releasor has the right to rescind this Agreement within fifteen
(15) calendar days of its execution. To be effective, the rescission must be
in writing and delivered to Wilsons either by hand delivery or by mail,
properly addressed to Corrine G. Lapinsky at the address given above and sent
by certified mail, return receipt requested, within said fifteen (15) day
period.

 

 

Release

Page 4

IN WITNESS WHEREOF, the parties have signed this Release on this 13th day of
July, 2004.

Jenele C. Grassle (on behalf of herself, her heirs, successors and assigns)

	 	 	 	 	 
	 
	/s/   Jenele C. Grassle 	                           	7-13-04
	Jenele C. Grassle
	 	Date

	 	 	 
	 

	 	 	 	 	 
	STATE OF MINNESOTA

COUNTY OF HENNEPIN

	 	)

)

)
	 	ss.

On this 13th day of July, 2004, personally appeared before me, a Notary Public
within and for said County, Jenele C. Grassle, known to be the person named in
and who executed the foregoing Unqualified Release Agreement and who
acknowledged such execution to be her free act and deed for the purposes
therein expressed.

	 	 	 	 	 

	(Stamp or Seal)	/s/ John M. Mulligan
 	 
	 	 	 	Notary Public 	 
	 	 	 
	 

River Hills Wilsons, Inc. (on behalf of itself, its parent, subsidiary and
affiliated corporations, concerns, successors and assigns)

	 	 	 	 	 
	 	 
	By:  	/s/ Betty Goff
 	 
	 	Betty Goff 	 
	 	Vice President, Human Resources 	 
	 

	 	 	 	 	 
	STATE OF MINNESOTA

COUNTY OF HENNEPIN

	 	)

)

)
	 	ss.

On this 15th day of July, 2004, personally appeared before me, a Notary Public
within and for said County, Betty Goff, Vice President Human Resources, of
River Hills Wilsons, Inc., known to be the person named in and who executed the
foregoing Unqualified Release Agreement and who acknowledged that she executed
the same as her free act and deed for the purposes therein expressed.

	 	 	 	 	 
	(Stamp or Seal)	/s/ Debra J. Marcus
 
	 	 	Notary Public

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