Document:

Exhibit 10.57

 

CERTAIN CONFIDENTIAL

INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED

AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO

RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

 

January 28, 2003

 

Dr. David Mitchard

Boehringer Ingelheim

International GmBH

Binger Strasse 173

55216 Ingelheim am Rhein

Germany

 

Re:                             Amendment No. 4 to Development and Marketing Agreement

Dated March 23, 2001 (“Agreement”)

 

Dear David:

 

Words and expressions defined

or interpreted in the Agreement shall have the same meanings and

interpretations when used in this letter (the “Amendment”).  The Agreement is hereby amended to insert

the following as Section 2.10:

 

“2.10                   [*]:

 

(a)                                  InterMune

[*] BI a [*] for the [*] of any [*]

(as defined in Section 2.10(b)) of [*]

as follows:  If [*] of any [*] for which it

[*]

                                                then

prior to [*] shall notify [*] in writing, and shall provide [*] with all [*] reasonably necessary for [*]  If [*]

also intends 

                                                such

[*] shall also provide [*] as well as all [*] if any, in its possession and

control.  If [*] after any such notice from [*]  

                                                upon

which [*] then the parties shall [*] 

If the Parties do not [*]

shall have no [*] with respect to

such [*]  provided that if 

                                                the

[*] also would have [*] shall have no [*] with respect to any [*] 

For clarity, [*] as used

herein, specifically [*] including

                                                without

limitation a [*]

 

(b)                                 [*] having as its [*] and which may either be [*]

 

(c)                                  The

Parties acknowledge that (1) [*]

in addition to those [*] and (2)

except as specifically set forth in [*]

in addition to those [*] the

Agreement.

 

(d)                                 [*] the Parties agree that [*] of the Agreement will [*] of the Agreement.

 

(e)                                  The

Parties will [*] prior to [*] in Article 2.10.

 

1

 

If you agree with the above,

please signify your acceptance by signing and returning one original of this

letter.

 

Best regards,

 

	

  InterMune,

  Inc.

  	

  Accepted for

  and on behalf of 

  Boehringer Ingelheim International GmbH

  
	

   

  	

   

  
	

  /s/ John J.

  Wulf

  	

   

  	

   

  
	

   

  	

   

  
	

  John J. Wulf

  	

  By:

  	

    /s/

  Dr. P. Johann

  	

   

  
	

  Sr. Vice

  President of

  	

   

  
	

  Corporate

  Development

  	

  Name:

  	

     Dr.

  P. Johann

  	

   

  
	

   

  	

   

  
	

   

  	

  Title:

  	

  Authorised

  Signatories

  	

   

  
	

   

  	

   

  
	

   

  	

  Date

  	

     January

  31, 2003

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ C. Jesse

  	

   

  
	

   

  	

   

  
	

   

  	

  Name:

  	

     C.

  Jesse

  	

   

  
	

   

  	

   

  
	

   

  	

  Title:

  	

       Authorised

  Signatories

  	

   

  
	

   

  	

   

  
	

   

  	

  Date:

  	

   

  	

   

  
										

 

CERTAIN CONFIDENTIAL

INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED

AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO

RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

 

2Exhibit
10(j)

 

SECRETARIAL
CERTIFICATION

 

INDEPENDENT
SUBCOMMITTEE

OF THE

COMPENSATION/NOMINATING/CORPORATE GOVERNANCE

COMMITTEE

OF

TCF FINANCIAL CORPORATION

January 20, 2003

 

*****************************************************************

 

Following discussion, and
upon motion duly made, seconded and carried, the following resolutions were
adopted:

 

Re: Amendment of TCF Financial Corporation Supplemental
Employee Retirement Plan

 

WHEREAS, the Independent
Subcommittee of the Compensation/Nominating/Corporate Governance Committee
administers the TCF Financial Corporation Supplemental Employee Retirement Plan
(“the Plan”) and has the authority to amend the Plan; and

 

WHEREAS, the Independent
Compensation/Nominating/Corporate Governance Committee has determined it is in
the best interests of the Company to amend the Plan in certain respects:

 

NOW, THEREFORE, IT IS
HEREBY

 

RESOLVED, that Section
IV(c) of the Plan is amended in its entirety, to read as follows:

 

“(c)         Payment of Benefits.  Unless an Eligible Employee has made an
election described in the following paragraph, the Eligible Employee’s
supplemental pension benefit under this Section IV shall be paid in a lump sum
no later than 30 days after the Eligible Employee’s termination of employment.  For purposes of this paragraph (c), a
termination of employment shall not be deemed to occur upon a transfer of
employment between two or more Employers.

 

“An Eligible Employee may
elect to have benefits from this Article IV distributed in one of the following
forms, provided that such election is in writing and is executed and delivered
to TCF Financial, or to its Corporate Secretary (or designee) on behalf of TCF
Financial, no later than one year (365 days) before such Eligible Employee’s
termination of employment: (i) distribution in five annual installments, (ii)
distribution in ten annual installments, or (iii) distribution of $10,000.00
annually until all of the Eligible Employee’s benefits from this 

 

Article IV have
been distributed.  Installment payments
shall commence on the 15th day of the first calendar quarter immediately
following the Eligible Employee’s termination of employment, with succeeding
installments paid on each January 15th thereafter.  The amount of each installment under (i) and (ii) shall be
determined by dividing the undistributed portion of the Eligible Employee’s
benefit under this Article IV by the number of installments remaining to be
paid, including the current installment. 
For the purposes of determining the amount of each installment under (i)
and (ii) and for the purpose of determining when an Eligible Employee’s benefit
has been fully distributed, the undistributed portion of an Eligible Employee’s
benefit under this Article IV shall include interest thereon at the rate
determined under Section IV(a)(ii), commencing on the date such benefit would
otherwise have been distributed in a lump sum.

 

“If the Eligible Employee
is deceased, the distribution shall be payable to the beneficiary or survivor
of the Eligible Employee in the form payable to the Eligible Employee
hereunder.

 

“Notwithstanding the
foregoing, if the lump sum value of an Eligible Employee’s benefit under this
Article IV is less than $15,000.00 at the time of the Eligible Employee’s
termination of employment, then such amount shall be distributed to the
Eligible Employee in a lump sum payment no later than 30 days after the
Eligible Employee’s termination of employment.”

 

FURTHER RESOLVED, that
this amendment shall be effective as of the date on which it is approved by the
Independent Subcommittee of the Personnel/Shareholder Relations Committee, and
it shall apply to the following Plan participants:

 

(1)                                  The
portion of the amendment that eliminates the twelve-month delay for
commencement of distributions shall apply to Plan participants whose
termination of employment occurred prior to its effective date, as well as to
Plan participants whose termination of employment occurs on or after such
effective date, except that nothing herein shall accelerate a participant’s entitlement
to a distribution to a date that is earlier than as soon as practicable after
the effective date of the amendment.

 

(2)                                  The
remainder of the amendment shall only apply to Plan participants whose
termination of employment occurs at least one year (365 days) after its
effective date.

 

I, Gregory J. Pulles,
Secretary of TCF Financial Corporation, do hereby certify that the foregoing is
a true and correct copy of an excerpt of minutes of the meeting of the
Compensation/Nominating/Corporate Governance Committee of the TCF Financial
Corporation Board of Directors held on January 20, 2003 and that the minutes
have not been modified or rescinded as of the date hereof.

 

 

	
   

  	
  /s/ Gregory J.
  Pulles

  
	
   

  	
  Gregory J.
  Pulles

  
	
   

  	
   

  
	
   

  	
   

  
	
  (Corporate Seal)

  	
   

  
	
   

  	
   

  
	
  Dated: April 7,
  2003Exhibit
10(o)

TCF
FINANCIAL CORPORATION

2003
MANAGEMENT INCENTIVE PLAN - EXECUTIVE

 

1.     Eligibility - Each
Participant shall be given a copy of this 2003 Management Incentive Plan for
Executives (the “Plan”) and required to sign an acknowledgment of its terms.  The participants in the Plan are those
approved by the Compensation/Nominating/Corporate Governance Committee (the
“Committee”).

 

2.             All participants
will be initially evaluated by the Chairman of TCF Financial (the  “Chairman”) who will forward all recommendations
to the Committee for approval.  The
Committee evaluates the performance of the Chairman.  The Committee will consider the diluted Earnings per Share
(“EPS”) and shall also evaluate all other matters it deems appropriate in its
sole discretion, subject to limits imposed on such discretion under the
Performance-Based Plan.  Evaluations
will be performed pursuant to the terms of the TCF Performance-Based
Compensation Policy for Covered Executive Officers (the “Performance-Based
Plan”) in the case of Covered Executive Officers (as defined in that Plan).

 

3.             The criteria for
awards (subject to paragraph 4) is as follows: 
The amount of incentive payable to a participant shall be determined by
the achievement of EPS financial goals on Exhibit A attached.  EPS will be calculated as provided in the
Performance-Based Plan, using diluted GAAP EPS, rounded to the nearest
cent.  The bonus percentage shall be
calculated, in the case of EPS achievement which falls between goals, by
interpolation as follows:  The amount by
which the EPS achievement exceeds the goal shall be divided by the amount
between the EPS goal exceeded and the next EPS goal.  The result shall be stated in the form of a percentage which
shall be multiplied by the total bonus percentage points between EPS
goals.  The result shall be added to the
bonus percentage corresponding to the EPS goal that was exceeded.  The maximum bonus shall be 200%, even if
achievement exceeds $3.60 EPS.

 

4.     The Committee may in its
discretion, reduce, defer or eliminate the amount of the incentive determined
under paragraph 3 of this Agreement for a Covered Executive Officer in the
Performance-Based Plan.  In addition,
for participants who are not subject to the Performance-Based Plan, the
Committee may in its discretion increase the amount of the incentive calculated
under paragraph 3 of this Agreement. 
The Committee has authority to make interpretations under this Plan and
to approve the calculations under Paragraph 3. 
Incentive compensation will be paid in cash as soon as possible
following approval of awards by the Compensation/Nominating/Corporate
Governance Committee.  Except for
Covered Executive Officers, the participant must be employed by TCF Financial
(or the same subsidiary as employed by on the date of this Acknowledgment) on
the date the incentive is paid in the same job position as the position for
which the incentive was earned in order to receive the incentive payment.  However, where the participant has transferred
to another position within TCF, the Committee may in its discretion determine
to pay part, none, or all of the incentive based on any factors the Committee
considers relevant.

 

5.             The Committee may
amend this Plan from time to time as it deems appropriate, except that any such
amendment shall be in writing and signed by both TCF Financial and the
executive and no amendment may contravene requirements of the Performance-Based
Plan.  This Plan shall not be construed
as a contract of employment, nor shall it be considered a term of employment,
nor as a binding contract to pay awards. 
The undersigned acknowledges he/she is employed “at will”.

 

6.             This Plan is
effective for service on or after January 1, 2003, and supersedes and replaces
the prior Management Incentive Compensation Plan and any other prior incentive
arrangements with respect to executives in this Plan.

 

Acknowledgment

 

I have received, read, and acknowledge the terms of the foregoing plan.

 

	
   

  	
   

  	
   

  
	
  Date

  	
   

  	
  Signature

  

 

 

Exhibit
A

 

2003 EPS Goals for Executive MIP

 

	
  EPS(1)

  	
   

  	
  $

  	
  3.15

  	
   

  	
  $

  	
  3.35

  	
   

  	
  $

  	
  3.40

  	
   

  	
  $

  	
  3.50

  	
   

  	
  $

  	
  3.60

  	
   

  
	
  % of Salary Bonus

  	
   

  	
  0

  	
  %

  	
  50

  	
  %

  	
  100

  	
  %

  	
  150

  	
  %

  	
  200

  	
  %

  

 

Maximum Bonus = 200%

Bonus percentages will be interpolated between goals.

 

(1)  Diluted GAAP EPS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]