Document:

First Amendment to The AMC Long-Term Incentive Plan of 1998

    
      

    

    Exhibit
      10.6

     

    
 

    FIRST
      AMENDMENT TO THE

    AMEREN
      CORPORATION LONG-TERM INCENTIVE PLAN OF 1998

    

    

    WHEREAS,
      Ameren Corporation (“Ameren”) previously adopted the Ameren Corporation
      Long-Term Incentive Plan of 1998 (“Plan”); and

    

    WHEREAS,
      Ameren wishes to amend the Change in Control provision in the Plan effective
      for
      Awards granted after December 31, 2005; 

    

    NOW,
      THEREFORE, effective solely for Awards of Performance Units granted after
      December 31, 2005, Section 9 of the Plan shall not be applicable and the
      provisions of Section 9 are replaced by the following:

    

    SECTION
      9

    CHANGE
      IN CONTROL

    

    (a) Impact
      of Event.
      Notwithstanding any other provision of the Plan to the contrary, in the event
      of
      a Change in Control, all Performance Units shall be administered in the manner
      provided under the Award Agreement.

    

    (b) Definition
      of Change in Control.
      For
      purposes of the Plan, a “Change in Control” shall mean the happening of any of
      the following events:

    

    (i)  The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of
      Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (x)
      the
      then outstanding shares of common stock of the Company (the “Outstanding Company
      Common Stock”) or (y) the combined voting power of the then outstanding voting
      securities of the Company entitled to vote generally in the election of
      directors (the “Outstanding Company Voting Securities”); provided, however, that
      for purposes of this subsection (i), the following acquisitions shall not
      constitute a Change of Control: (A) any acquisition directly from the Company,
      (B) any acquisition by the Company, (C) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company or any
      corporation controlled by the Company or (D) any acquisition by any corporation
      pursuant to a transaction which complies with clauses (A), (B) and (C) of
      paragraph (iii) below; or

     

    (ii)  Individuals
      who, as of the Effective Date of this Plan, constitute the Board (the “Incumbent
      Board”) cease for any reason to constitute at least a majority of the Board;
      provided, however, that any individual becoming a director subsequent to the
      Effective Date whose election, or nomination for election by the Company’s
      shareholders, was approved by a vote of at least a majority of the directors
      then comprising the Incumbent Board shall be considered as though such
      individual were a member of the Incumbent Board, but excluding, for this
      purpose, any such individual whose initial assumption of office occurs as a
      result of (A) an actual or threatened election contest with respect to the
      election or removal of directors or other actual or threatened solicitation
      of
      proxies or consents by or 

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

       

      on
        behalf
        of a Person other than the Board or (B) any agreement intended to avoid or
        settle any election contest; or

    

     

    (iii)  Consummation
      of a reorganization, merger or consolidation or sale or other disposition of
      all
      or substantially all of the assets of the Company or the acquisition of assets
      of another corporation (a “Business Combination”), in each case, unless,
      following such Business Combination, (A) all or substantially all of the
      individuals and entities who were the beneficial owners, respectively, of the
      Outstanding Company Common Stock and Outstanding Company Voting Securities
      immediately prior to such Business Combination beneficially own, directly or
      indirectly, more than 60% of, respectively, the then outstanding shares of
      common stock and the combined voting power of the then outstanding voting
      securities entitled to vote generally in the election of directors, as the
      case
      may be, of the corporation resulting from such Business Combination (including,
      without limitation, a corporation which as a result of such transaction owns
      the
      Company or all or substantially all of the Company’s assets either directly or
      through one or more subsidiaries) in substantially the same proportions as
      their
      ownership, immediately prior to such Business Combination of the Outstanding
      Company Common Stock and Outstanding Company Voting Securities, as the case
      may
      be, (B) no Person (excluding any corporation resulting from such Business
      Combination or any employee benefit plan (or related trust) of the Company
      or
      such corporation resulting from such Business Combination) beneficially owns,
      directly or indirectly, 20% or more of, respectively, the then outstanding
      shares of common stock of the corporation resulting from such Business
      Combination or the combined voting power of the then outstanding voting
      securities of such corporation except to the extent that such ownership existed
      prior to the Business Combination and (C) at least a majority of the members
      of
      the board of directors of the corporation resulting from such Business
      Combination were members of the Incumbent Board at the time of the execution
      of
      the initial agreement, or of the action of the Board, providing for such
      Business Combination; or

     

    (iv)  Approval
      by the shareholders of the Company of a complete liquidation or dissolution
      of
      the Company.

     

    Notwithstanding
      the foregoing, a Change of Control shall not be deemed to occur solely because
      any Person (the “Subject Person”) acquired beneficial ownership of more than the
      permitted amount of the then Outstanding Company Common Stock or the Outstanding
      Company Voting Securities as a result of the acquisition of shares of common
      stock or voting securities by the Company which, by reducing the number of
      shares of Outstanding Company Common Stock or the Outstanding Company Voting
      Securities, increases the proportional number of shares beneficially owned
      by
      the Subject Persons, provided that if a Change of Control would occur (but
      for
      the operation of this sentence) as a result of the acquisition of shares of
      Outstanding Company Common Stock or the Outstanding Company Voting Securities
      by
      the Company, and after such share acquisition by the Company, the Subject Person
      becomes the beneficial owner of any additional shares of Outstanding Company
      Common Stock or the Outstanding Company Voting Securities which increases the
      percentage of the then Outstanding Company Common Stock or the Outstanding
      Company Voting Securities beneficially owned by the Subject Person, then a
      Change of Control shall occur.

     

    

    
      
        
        

      

      
        2Exhibit 10.1

                                ESCROW AGREEMENT

         ESCROW AGREEMENT (this "Agreement") dated as of February 10, 2006, by
and among Natural Health Trends Corp., a Delaware corporation ("Natural
Health"), Mark D. Woodburn ("Woodburn"), Terry L. LaCore ("LaCore"), LaCore and
Woodburn Partnership (together with Woodburn and LaCore, collectively "Woodburn
and LaCore"), and Krage & Janvey, L.L.P. (the "Escrow Agent").

                                    RECITALS
                                    --------

         WHEREAS, Natural Health and Woodburn and LaCore dispute certain
matters; and

         WHEREAS, the Company disputes the validity of certain options issued to
Woodburn and LaCore (the "Options") and the right to Woodburn and LaCore to
retain the Options and the stock issuable upon exercise thereof and other
proceeds thereof; and

         WHEREAS, Woodburn and LaCore desire to exercise the Options before they
terminate, and Natural Health is willing to permit the Options to be exercised
provided that the exercise is effected without prejudice to any claim that
Natural Health may have relating to the validity of the Options or the right to
recover the Options or their proceeds and provided that the terms of this
Agreement are complied with; and

         WHEREAS, the parties have agreed, in an effort to resolve the disputed
matters, to cause the deposit of the Escrowed Shares (as hereinafter defined)
and the Cash Deposit (as hereinafter defined) with the Escrow Agent, in
accordance with the terms of this Agreement and pending the resolution of the
disputed matters.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
representations, warranties, covenants and agreements contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto intending to be legally bound do hereby agree
as follows:

         1.       Appointment of Escrow Agent. Natural Health and Woodburn and
LaCore hereby irrevocably appoint Krage & Janvey, L.L.P. as the Escrow Agent to
receive, hold, administer and deliver the Escrowed Assets (as hereinafter
defined) in accordance with this Agreement, and the Escrow Agent hereby accepts
such appointment, all subject to and upon the terms and conditions set forth
herein.
<PAGE>

         2.       Establishment of Escrow. The parties agree that common
stock certificates representing an aggregate of 1,081,066 shares of common stock
of Natural Health should be deposited into escrow. As of the date hereof,
Woodburn and LaCore agree, jointly and severally, to deposit with the Escrow
Agent an amount equal to one million two hundred six thousand dollars
($1,206,000) (the "Cash Deposit"). Within five (5) business days following the
date hereof, Natural Health shall forward to the Escrow Agent common stock
certificates representing an aggregate of 1,081,066 shares of common stock of
Natural Health to the Escrow Agent (the "Escrowed Shares", together with the
Cash Deposit shall be referred to as the "Escrowed Assets"). The Escrow Agent
shall promptly acknowledge receipt of the Escrowed Assets in writing to
Woodburn, LaCore and Natural Health. The Escrowed Assets and any and all
additional assets which are from time to time held by the Escrow Agent pursuant
to the terms hereof, and any and all earnings, interest and income earned on the
Escrowed Assets or such additional funds, are referred to herein as the "Escrow
Funds." The Escrow Agent shall hold, release and pay over the Escrow Funds in
accordance with the express provisions of this Agreement, and shall not make, be
required to make or be liable in any manner for its failure to make, any
determination of whether Natural Health, Woodburn, LaCore or the LaCore and
Woodburn Partnership are entitled to delivery of payment of any or all of the
Escrow Funds or to any other rights or remedies hereunder.

         3.       Investment of Escrow Funds by the Escrow Agent. The Escrow
Agent shall invest and reinvest the Cash Deposit (as well as the interest earned
thereon) in one or more Qualified Investments (as defined below). Income earned
with respect to the Cash Deposit shall be allocated for tax-reporting purposes
to the party ultimately receiving the Cash Deposit. The Escrow Agent will have
no liability for any investment loss, including any loss incurred on any
investment required to be liquidated prior to maturity in order to make a
payment required hereunder, made in accordance with this Section 3. The Escrow
Agent shall not issue an Internal Revenue Service Form 1099 to any party for any
reason arising from the subject matter of this Escrow Agreement until such time
as the parties resolve the dispute described herein.

         "Qualified Investments", as used herein, means:

                  (i)      Marketable obligations of the United States in
         registered form and having a maturity of not more than three months
         from the date of acquisition;

                  (ii)     Marketable obligations directly and fully guaranteed
         by the United States in registered form and having a maturity of not
         more than three months from the date of acquisition; and

                  (iii)    Interest-bearing bank accounts, certificates of
         deposit, and other interest-bearing obligations issued by any bank
         organized under the laws of the United States or any state thereof with
         capital, surplus and undivided profits aggregating at least
         $50,000,000, in each case having a maturity of not more than three
         months from the date of acquisition.

                                      -2-
<PAGE>

         4.       Release of Escrow Funds.

                  (a)      Upon the receipt by the Escrow Agent of written
instructions executed by Natural Health and Woodburn and LaCore instructing the
Escrow Agent to release and pay over Escrow Funds to Natural Health, Woodburn
and LaCore or third parties, as the case may be, the Escrow Agent shall promptly
thereafter release and pay over the Escrow Funds in accordance with such written
instructions.

                  (b)      Notwithstanding anything to the contrary in this
Agreement, (i) the Escrow Agent may at any time deposit all or any portion of
the Escrow Funds with the clerk of any court of competent jurisdiction in the
State of Delaware (in accordance with Section 14 below) upon commencement of an
action in the nature of interpleader or in the course of any court proceedings
in the State of Delaware and (ii) if at any time the Escrow Agent receives a
final non-appealable order of a court of competent jurisdiction, together with a
legal opinion in a form reasonably satisfactory to the Escrow Agent regarding
finality and jurisdiction, the Escrow Agent shall comply with such order.

                  (c)      Upon any delivery or deposit of all of the Escrow
Funds as provided in this Section 4, the Escrow Agent shall thereupon be
released and discharged from any and all further obligations thereafter arising
in connection with this Agreement.

         5.       Escrow Agent. (a) Natural Health and Woodburn and LaCore
acknowledge and agree that the Escrow Agent (i) shall be obligated only for the
performance of such duties as are specifically set forth in this Agreement; (ii)
shall not be obligated to take any legal or other action hereunder which might
in its judgment involve expense or liability unless it shall have been furnished
with indemnity acceptable to it; (iii) may rely on and shall be protected in
acting or refraining from acting upon any written notice, instruction
(including, without limitation, wire transfer instructions, whether incorporated
herein or provided in a separate written instruction), instrument, statement,
request or document furnished to it hereunder and believed by it to be genuine
and to have been signed or presented by the proper person, and shall have no
responsibility for determining the accuracy thereof; and (iv) shall be obligated
only for the performance of such duties as are expressly and specifically set
forth in this Escrow Agreement on its part to be performed, each of which are
ministerial (and shall not be construed to be fiduciary) in nature, and no
implied duties or obligations of any kind shall be read into this Agreement
against or on the part of the Escrow Agent.

                  (b)      Neither the Escrow Agent nor any of its partners or
employees shall be liable to anyone for any action taken or omitted to be taken
by it or any of partners or employees hereunder except in the case of gross
negligence, bad faith or willful misconduct. Natural Health and Woodburn and
LaCore hereby covenant and agree to jointly but not severally indemnify the
Escrow Agent and hold it harmless without limitation from and against any loss,
liability or expenses and other costs, including but not limited to reasonable
attorney's fees and other costs of defending or preparing to defend against any

                                      -3-
<PAGE>

claim of liability, unless such loss, liability or expense shall be caused by
the Escrow Agent's gross negligence, bad faith or willful misconduct. In no
event shall the Escrow Agent be liable for indirect, punitive, special or
consequential damages. In the event of any payment by Natural Health or Woodburn
and LaCore pursuant to the indemnification obligation set forth in this
paragraph (b), such obligation shall first be satisfied out of the income earned
with respect to the Cash Deposit, and if such income is insufficient to satisfy
such obligation then Natural Health on the one hand and Woodburn and LaCore on
the other, shall pay the remainder of such obligation in two equal shares.

                  (c)      Natural Health on the one hand and Woodburn and
LaCore on the other, agree to reimburse in two equal shares the Escrow Agent for
all reasonable out-of-pocket expenses incurred in connection with the
administration of the escrow created hereby, provided that such expenses shall
not exceed $10,000 in the aggregate. Natural Health and Woodburn and LaCore
agree that the amounts required to be paid pursuant to this paragraph (c) shall
first be satisfied out of the income earned with respect to the Cash Deposit,
and if such income is insufficient to satisfy such amounts then Natural Health
on the one hand and Woodburn and LaCore on the other, shall pay the remainder of
such obligation in two equal shares.

                  (d)      The Escrow Agent may at any time resign as Escrow
Agent hereunder by giving ten (10) days prior written notice of resignation to
the other parties hereto; provided however, that such resignation shall not be
effective until a successor escrow agent has been duly appointed and authorized.
Prior to the effective date of the resignation as specified in such notice,
Natural Health and Woodburn and LaCore will issue to the Escrow Agent a written
instruction authorizing redelivery of the Escrow Funds to a successor escrow
agent that they select. If no successor escrow agent is named by Natural Health
or Woodburn and LaCore, the Escrow Agent may apply to a court of competent
jurisdiction in the State of Delaware (in accordance in the paragraph 14) for
the appointment of a successor escrow agent. The provisions of paragraph (d) of
this Section 5 shall survive the resignation or removal of the Escrow Agent or
the termination of this Escrow Agreement.

         6.       Special Agreements.

                  (a)      Tax Reporting. For tax reporting purposes, Natural
Health shall not issue an Internal Revenue Service Form W-2 or 1099 or any state
law equivalent thereof to LaCore, Woodburn or the LaCore and Woodburn
Partnership associated with the exercise of the Option, unless and until the
dispute relating to the Escrowed Shares has been resolved in favor of LaCore,
Woodburn or the LaCore and Woodburn Partnership and then only to the extent that
such Escrowed Shares are released into custody of LaCore and Woodburn in
resolution of such dispute.

                  (b)      Dispute Resolution. It is understood and agreed that
should any dispute arise with respect to the delivery, ownership, right of
possession, and/or disposition of the Escrow Funds or should any claim be made
upon any Escrow Funds by a third party, the Escrow Agent upon receipt of a
written notice of such dispute or claim by Natural Health or Woodburn and LaCore

                                      -4-
<PAGE>

hereto or third party, is authorized and directed to retain in its possession
without liability to anyone, all or any of such Escrow Funds until such dispute
shall have been settled either by the mutual agreement of Natural Health and
Woodburn and LaCore, or by a final order, decree or judgment of a court in the
United States of America, the time for perfection of an appeal of such order,
decree or judgment having expired. The Escrow Agent may, but shall be under no
duty whatsoever to, institute or defend any legal proceeding which relates to
Escrow Funds.

         7.       Notices.

                  (a)      Notice Addresses. Any notice permitted or required
hereunder shall be in writing, and shall be sent by personal delivery, overnight
delivery by a recognized courier or delivery service, mailed by registered or
certified mail, return receipt requested, postage prepaid, or by confirmed
telecopy accompanied by mailing of the original on the same day by first class
mail, postage prepaid, in each case the parties at their address set forth below
(or to such other address as any such party may hereafter designate by written
notice to the other parties).

If to Natural Health:

            Natural Health Trends Corp.
            2050 Diplomat Drive
            Dallas, Texas 75234
            Telephone: (972) 241-4080
            Attention:  General Counsel

With a copy to:

            Alan N. Forman
            Brown Rudnick Berlack Israels LLP
            Seven Times Square
            New York, NY 10036

If to Woodburn and LaCore:

            Mark D. Woodburn
            809 Dominion Drive
            Southlake, Texas 76092

            Terry LaCore
            3105 Brookhollow Lane
            Flower Mound, TX 75028

                                      -5-
<PAGE>

With a copy to:

            Laurence K. Gustafson, Esq.
            Christopher E. Kirkpatrick, Esq.
            Haynes And Boone, L.L.P.
            901 Main Street, Suite 3100
            Dallas, Texas 75202-3789

            Edwin J. Tomko
            Jason M. Ross
            McManemin & Smith, P.C.
            600 North Pearl Street, Suite 1600
            Plaza of the Americas - South Tower
            Lock Box No.175
            Dallas, Texas 75201-2809

If to Escrow Agent:

            Krage & Janvey, L.L.P.
            2100 Ross Avenue
            Suite 2600
            Dallas, Texas 75201
            Attention:  Ralph S. Janvey

            8.    Severability. Any provision of this Agreement which may be
determined by competent authority to be prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

            9.    Assignment. This Agreement shall be binding upon and inure
solely to the benefit of the parties hereto and their respective successors and
permitted assigns, and shall not be enforceable by or inure to the benefit of
any third party. No party may assign any of its rights or obligations under this
Agreement without the prior written consent of the other parties, and any
purported assignment without such consent shall be null and void, except that
the Escrow Agent may avail itself of Section 5 hereof.

            10.   Amendments; Waivers. This Agreement may be modified or
terminated, other than according to its terms, only by a writing signed by all
of the parties hereto, and no waiver hereunder shall be effective unless in a
writing signed by the party to be charged. The failure of a party at any time or
times to require performance of any provision hereof shall in no manner affect
the party's right at a later time to enforce the same. No waiver by any party of

                                      -6-
<PAGE>

the breach of any term contained in this Agreement, in any one or more
instances, shall be deemed to be construed as a further or continuing waiver of
any such breach or of the breach of any other terms of this Agreement.

            11.   Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.

            12.   Governing Law. This Agreement shall be governed by and
construed under the laws of the State of Delaware without regard to its conflict
of laws provisions.

            13.   Reproduction of Documents. This Escrow Agreement and all
documents relating thereto, including, without limitation, (a) consents, waivers
and modifications which may hereafter be executed, and (b) certificates and
other information previously or hereafter furnished, may be reproduced by any
photographic, photostatic, microfilm, optical disk, micro-card, miniature
photographic or other similar process. The parties hereto agree that any such
reproduction shall be admissible in evidence as the original itself in any
judicial or administrative proceeding, whether or not the original is in
existence and whether or not such reproduction was made by a party in the
regular course of business, and that any enlargement, facsimile or further
reproduction shall likewise be admissible in evidence.

            14.   Consent to Jurisdiction and Service. Each of the parties
hereto hereby absolutely and irrevocably consent and submit to the exclusive
jurisdiction of the courts of the State of Delaware in connection with any
actions or proceedings brought by or against them arising out of or relating to
this Agreement. In any such action or proceedings, each of the parties hereto
hereby absolutely and irrevocably waive personal service of any summons,
complaint, declaration or other process and hereby absolutely and irrevocably
agree that service thereof may be made by certified or registered first class
mail directed to such party, as the case may be, at their respective addresses
in accordance with Section 7 hereof.

            15.   Reservation of Rights. Natural Health and Woodburn and LaCore
have asserted a number of claims against each other. Notwithstanding the
execution and delivery of this Agreement, Natural Health and Woodburn and LaCore
each reserve any and all rights, claims, defenses and causes of actions
whatsoever and regarding any matter that each may have presently, or may have at
any time in the future, against the other, including without limitation, the
right to contest the validity of the Escrowed Shares and/or the options
exercised in connection with the issuance of the Escrowed Shares. Natural Health
and Woodburn and LaCore, and their respective affiliates, shall each be estopped
from asserting that the exercise of the Options results in any election of
remedies, waiver or release of any claims, or estoppel to assert any claims.

            16.   Entire Agreement. This Agreement sets forth the entire
agreement and understanding of the parties in respect of the subject matter
hereof and supersedes all prior agreements, arrangements, presentations and
understandings relative to the subject matter hereof, whether written or oral,

                                      -7-
<PAGE>

express or implied. No oral or written statement, representation, warranty or
promise made prior to or contemporaneously with the execution of this Agreement
shall be binding upon any party with respect to the subject matter hereof or
shall otherwise affect the enforceability of this Agreement in accordance with
its terms.

            17.   Proxy. As a condition to the Company depositing the Escrowed
Shares with the Escrow Agent, the Company shall receive from the Escrow Agent an
irrevocable proxy with respect to the Escrowed Shares in form and substance
reasonably satisfactory to the Company.

         [The remainder of this page has been intentionally left blank]

                                      -8-
<PAGE>

                      [Signature Page to Escrow Agreement]

         IN WITNESS WHEREOF, the parties hereto have executed this Escrow
Agreement as of the day and year first above written.

ESCROW AGENT:                              NATURAL HEALTH:

KRAGE & JANVEY, L.L.P.                     NATURAL HEALTH TRENDS CORP.

By: /s/ RALPH S. JANVEY                    By: /s/ GARY C. WALLACE
    ---------------------------------          --------------------------------

Name:  Ralph S. Janvey                     Name:   Gary C. Wallace
     --------------------------------           -------------------------------

Its:   Partner                             Its:    General Counsel
    ---------------------------------          --------------------------------

MARK D. WOODBURN                           TERRY L. LACORE

/s/ MARK D. WOODBURN                       /s/ TERRY L. LACORE
-------------------------------------      ------------------------------------
Mark D. Woodburn                           Terry L. LaCore

LACORE AND WOODBURN PARTNERSHIP

By: /s/ MARK D. WOODBURN
    --------------------------------
           Mark D. Woodburn

By: /s/ TERRY L. LACORE
    --------------------------------
           Terry L. LaCore

                                      -9-

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