Document:

exv10w1

 

Exhibit 10.1

2007 Administrative Guidelines for the

Copano Energy, L.L.C.

Management Incentive Compensation Plan

The Copano Energy, L.L.C. Management Incentive Compensation Plan (the “Plan”) is established by the
Board of Directors of Copano Energy, L.L.C. (the “Company”) to encourage and reward significant
contributions to the successful and profitable operation of the enterprise by (i) management
employees of the Company or a subsidiary thereof or (ii) employees of an Affiliate who performs
services in a management capacity on behalf of the Company or a subsidiary thereof. The
Compensation Committee of the Board, which oversees executive compensation matters on behalf of the
Board, approves the Administrative Guidelines for the Plan each Plan Year. Terms capitalized in
these Administrative Guidelines but not defined herein shall have the meaning attributed to such
terms in the Plan.

Participation

Participants eligible for the Plan effective January 1, 2007 for the 2007 Plan Year shall be those
employees of the Company and its Affiliates named in Exhibit A to these Guidelines. Upon the
recommendation of the CEO, the Committee may approve the entry of additional Participants in the
Plan effective on the first day of any month of the Plan Year following their promotion or
employment date. Participants who enter the Plan during the Plan Year shall be eligible for an
Award under the Plan but, in the discretion of the CEO and Committee Chairman, may only be eligible
for an Award calculated pro rata based upon the period of actual service during the Plan Year.

Bonus Opportunities

The 2007 Target Bonus level for each proposed Participant is set forth in Exhibit A. The Target
Bonus is defined as a specific percentage of the Participant’s base salary as of July 1 of the Plan
Year that may be earned if, in the opinion of the Committee, the objectives upon which the
opportunity is contingent are fully achieved.

Each Participant’s 2007 bonus is contingent upon 1) the Financial Objectives specified in Exhibit B
to these Guidelines, and 2) the Participant’s Personal Objectives, as established in accordance
with these Guidelines. The CEO and the Committee shall assess the relative significance of the
Financial Objectives and each Participant’s Personal Objectives and shall assign to each objective
a percentage so that for each Participant, the percentages assigned to the Financial Objectives
shall equal fifty percent (50%) of the Target Bonus and the percentages assigned to the Personal
Objectives shall equal fifty percent (50%) of the Target Bonus.

 

 

Financial Objectives

For each Financial Objective, the Committee and the CEO shall approve the following performance
levels: 1) a Threshold Level, 2) a Target Level, and 3) a Maximum Level, which levels shall be
subject to final approval by the Board.

	 	A.	 	If performance is less than the Threshold Level, the amount of the Target Bonus
contingent upon that objective will not be paid.
	 
	 	B.	 	If performance is equal to the Threshold Level, fifty percent (50%) of the amount of
the Target Bonus contingent upon that objective will be paid.
	 
	 	C.	 	If performance equals the Target Level, one hundred percent (100%) of amount of the
Target Bonus contingent upon that objective will be paid.
	 
	 	D.	 	If performance equals or exceeds the Maximum Level, one hundred and fifty percent
(150%) of the amount of the Target Bonus contingent upon that objective will be paid.
	 
	 	E.	 	When performance falls between the Threshold Level and the Target Level or between the
Target Level and the Maximum Level, the amount of the bonus shall be determined by
straight-line interpolation.
	 
	 	F.	 	In no circumstances will any bonus be paid from this Plan if the per unit cash
distribution paid to unitholders of the Company in regard to any quarter of the Plan Year
is less than the Minimum Quarterly Distribution set forth in the Company’s Second Amended
and Restated Limited Liability Company Agreement of Copano Energy, L.L.C. dated as of
November 15, 2004, as amended.

When the Committee and the CEO deem it appropriate but subject to Board approval, the Threshold
Level, Target Level, and Maximum Level of any Financial Objective approved at the beginning of the
Plan Year may be adjusted to reflect significant changes in the operational environment or in the
strategic direction of the Company or such other factors as the Committee and the CEO may
determine.

Personal Objectives

Prior to or immediately following the commencement of any Plan Year, the CEO may require that one
or more Participants (and the Committee may require that the CEO) propose such Personal Objectives
for Committee approval that will determine the extent to which the percentage of the Target Bonus
contingent upon Personal Objectives has been earned by such Participant. To the extent practical,
the Personal Objectives will be specific, measurable, and represent the contributions required of
the Participant if the Company is to meet or achieve its business plan. During the Plan Year,
Personal Objectives will be reviewed routinely and may be revised by the Committee and the CEO to
reflect changes in job responsibilities or business objectives.

2

 

At the end of the Plan Year, the degree to which each Participant accomplished his or her Personal
Objectives will be reviewed by the CEO (or, in the case of the CEO, by the Committee), and a score
of 0% to 150% will be assigned based upon the CEO’s subjective opinion of the performance of the
Participant with respect to the Personal Objectives and upon other factors that the CEO may deem
relevant and appropriate. The percentage that represents the Participant’s score on Personal
Objectives shall be multiplied by the weight assigned to the Personal Objective component of the
Target Bonus to determine the amount of the bonus earned through the Personal Objectives component
of the opportunity.

Bonus Determinations

The Participant’s Financial Objectives result will be combined with the Participant’s Personal
Objectives result to determine the amount of his or her Award. The CEO’s recommendations for award
payments will be presented to the Committee at its first meeting immediately following the end of
the applicable Plan Year, at which time the Committee shall review performance and consider and
approve bonuses, if any, for all Participants, including the CEO. Awards shall be paid as soon as
reasonably practicable following the Committee’s approval of awards, but in no case shall awards be
paid later than March 15.

Participant’s Termination

Participants who terminate their employment by reason of death, disability (as determined by the
Committee in its sole discretion) or retirement on or after reaching age 65 or, if prior to age 65,
if approved by the Committee, and Participants whose employment with the Company or an Affiliate is
terminated without “cause” shall be eligible for an award based on a pro rata portion of their
Target Bonus and payable at the same time as all other award payments for the applicable Plan Year.
The pro rata portion of such Target Bonus shall be equal to the amount of the Participant’s Target
Bonus multiplied by a fraction, the numerator of which is the number of full weeks the participant
was actively employed during the Plan Year and the denominator of which is 52.

Notwithstanding anything to the contrary herein, in the event of (i) the termination of a
Participant’s employment by the Company or an Affiliate without “cause” or (ii) the termination of
employment by the Participant for Good Reason, in either case within one year of a Change of
Control, such Participant shall be entitled to a pro rata portion of his or her Target Award based
upon the termination date and payable within 30 days following termination.

If a Participant’s employment terminates for any other reason, he or she will not be entitled
to any portion of a Target Award. Participants who voluntarily terminate employment or are
terminated for “cause” before the payment date of awards earned in a prior Plan Year shall forfeit
such Awards.

3

 

Conflicts

Any conflicts between the Plan and these Administrative Guidelines shall be resolved in favor of
the Plan. Notwithstanding the preceding sentence, it is the intention
of the Board and the Committee that the Plan shall be construed broadly to accommodate the provisions and
concepts embodied in these Administrative Guidelines to the extent reasonably possible.

4

 

Exhibit A

Copano Energy, L.L.C.

2007 MICP

List of Participants and Target Awards(1)

	 	 	 	 	 
	 	 	 	 	Target
	Participant	 	Position	 	%
	Assiff, Matthew J.
	 	Senior Vice President and Chief Financial Officer	 	50%
	Bopp, Ronald W.
	 	Senior Vice President, Corporate Development	 	50%
	Coleman, Thomas A.
	 	Vice President, Engineering, Mid-Continent	 	35%
	DeYoung, Kathryn S.
	 	Vice President, Government and Regulatory Affairs	 	25%
	Eckel, Jr., John R.
	 	Chairman of the Board and Chief Executive Officer	 	65%
	Eckhart, Brian D.
	 	Senior Vice President, Transportation and Supply	 	35%
	Fiegener, Lee R.
	 	Vice President, Operations, Mid-Continent	 	35%
	Gibson, III, James J.
	 	Vice President, Processing	 	30%
	Harrison, Wayne S.
	 	Vice President and Chief Information Officer	 	30%
	Lawing, Douglas L.
	 	Vice President, General Counsel and Secretary	 	45%
	Luna, Carl A.
	 	Vice President, Finance	 	35%
	Northcutt, R. Bruce
	 	President and Chief Operating Officer	 	55%
	Paradee, Lari
	 	Vice President and Controller	 	35%
	Raber, John A.
	 	President and Chief Operating Officer, Mid-Contintent	 	50%
	Robinson, Sharon J.
	 	Vice President, Commercial Activities, Mid-Continent	 	35%
	Roderick, Bruce A.
	 	Vice President, Accounting and Administration, Mid-Continent	 	35%
	White, James T.
	 	Vice President, Operations	 	30%

 

			
	(1)	 	Does not include non-officer participants

 

Exhibit B

Copano Energy, L.L.C.

2007 Management Incentive Compensation Plan

Financial Objective

     The financial objective approved by the Board of Directors<PAGE>

                                                                     Exhibit 4.1

           NUMBER                                                  SHARES

CWA

                               (CLEARWIRE(R) LOGO)

                              CLEARWIRE CORPORATION

    CLASS A COMMON STOCK                                    CLASS A COMMON STOCK

INCORPORATED UNDER THE LAWS                                    SEE REVERSE FOR
OF THE STATE OF DELAWARE                                     CERTAIN DEFINITIONS

                                                              CUSIP 185385 30 9

This Certifies that
                                   SAMPLE
________________________________________________________________________________

is the owner of

________________________________________________________________________________

   FULLY PAID AND NONASSESSABLE SHARES OF THE CLASS A COMMON STOCK OF THE PAR
                            VALUE OF $0.0001 EACH OF

                            --CLEARWIRE CORPORATION--

transferable on the books of the Corporation by the holder hereof in person or
by duly authorized attorney on surrender of this certificate properly endorsed.

This certificate is not valid until countersigned and registered by the Transfer
Agent and Register.

WITNESS the facsimile signatures of its duly authorized officers.

Dated:
       ------------------------------

-------------------------------------   ----------------------------------------
SECRETARY                               PRESIDENT

COUNTERSIGNED AND REGISTERED:
AMERICAN STOCK TRANSFER & TRUST COMPANY
(New York, NY)
TRANSFER AGENT AND REGISTRAR

BY:
    ---------------------------------
    AUTHORIZED SIGNATURE
<PAGE>

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

                                          UNIF GIFT MIN ACT --
TEN COM -- as tenants in common
TEN ENT -- as tenants by the entireties     ________ Custodian ________
JT TEN  -- as joint tenants with right       (Cust)             (Minor)
           of survivorship and not as       under Uniform Gifts to Minors
           tenants in common                Act _________________________
                                                          (State)

                                          UNIF TRF MIN ACT --

                                            _______ Custodian (until age ______)
                                             (Cust)
                                            __________ under Uniform Transfers
                                             (Minor)
                                            to Minors Act ______________________
                                                                 (State)

     Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED, _________________________________ hereby sell, assign and
transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE

______________________________________

________________________________________________________________________________
  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________

__________________________________________________________________________Shares
of the Class A common stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint

________________________________________________________________________Attorney
to transfer the said stock on the books of the within named Corporation with
full power of substitution in the premises.

Dated
      -------------------------------

                                        X
                                           -------------------------------------

                                        X
                                           -------------------------------------

                                        NOTICE: THE SIGNATURE(S) TO THIS
                                                ASSIGNMENT MUST CORRESPOND WITH
                                                THE NAME(S) AS WRITTEN UPON THE
                                                FACE OF THE CERTIFICATE IN EVERY
                                                PARTICULAR, WITHOUT ALTERATION
                                                OR ENLARGEMENT OR ANY CHANGE
                                                WHATEVER.

-------------------------------------
Signature(s) Guaranteed

By
   ----------------------------------
THE SIGNATURE(S) MUST BE GUARANTEED
BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT
TO S.E.C. RULE 17Ad-15.

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