Document:

EXHIBIT 10.1

 

EXHIBIT 10.1

Haights Cross Communications, Inc.

Annual Management/Employee Bonus Plan

     Haights Cross Communications, Inc. (together with its direct and indirect subsidiaries,
“Haights Cross”) provides its managers and employees with an opportunity to earn cash bonuses
pursuant to an incentive bonus plan in effect for each fiscal year known as the “Annual
Management/Employee Bonus Plan” (the “Bonus Plan”). Compensation payouts to participants under the
Bonus Plan are based on a participant’s achievement of defined objectives and such participant’s
applicable Bonus Percentage (as defined below). Qualification to receive a payout under the Bonus
Plan for (i) each employee considered an executive or manager, will be based 60% on the achievement
of certain pre-defined business profit and cash flow goals, and 40% on the completion of
pre-defined, non-quantitative business improvement projects and initiatives, and (ii) for each
employee not considered an executive or manager, will be based 100% on the achievement of certain
pre-defined business profit and cash flow goals. The pre-defined business profit and cash flow
goals, and the pre-defined projects and initiatives, are recommended by Haights Cross senior
management and approved by the board of directors.

     The amount of a participant’s payout under the Bonus Plan is determined as a percentage of the
participant’s annual base compensation (“Bonus Percentage”), with the Bonus Percentage being
different depending upon the participant’s level within the organization. The more senior the
executive or manager, the greater the Bonus Percentage opportunity under the Bonus Plan. Bonus
Percentages for executives and managers range from approximately 15% to approximately 55%, based on
achieving the stated objectives of the Bonus Plan, and Bonus Percentages for employees not
considered executives or managers range from approximately 5% to approximately 10%, based on
achieving the stated objectives of the Bonus Plan. The amount of a participant’s payout under the
Bonus Plan is subject to proportional adjustment in the event actual results are at least 80% of
the stated objectives, and in the event actual results exceed the stated objectives (with a maximum
payout of 1.5 times an employee’s Bonus Percentage). A participant will not receive a payout if
such participant does not achieve at least 80% of the stated objectives.

     Determination of goal achievement and payouts under the Bonus Plan are made upon completion of
the fiscal year audit, generally March following the end of the applicable fiscal year. In certain
cases, new employees hired during a fiscal year must wait until the following fiscal year before
participating in the Bonus Plan.EXHIBIT 10.2

 

EXHIBIT 10.2

Haights Cross Communications, Inc.

2005 Cost Savings Incentive Plan

     For the fiscal year ending December 31, 2005, Haights Cross Communications, Inc. (together
with its direct and indirect subsidiaries, “Haights Cross”) has implemented a special incentive
plan to promote the identification of business improvements that translate into cost savings across
its businesses. Entitled the 2005 Cost Savings Incentive Plan (“Savings Plan”), management and
employees credited with identifying and implementing business improvements leading to future cost
savings will be awarded a cash bonus equal to 20% of the annualized cost savings resulting from the
implemented improvements. The Chief Financial Officer of Haights Cross has full authority over all
determinations of bonuses to be paid under the Savings Plan, including, without limitation, the
authority to (i) determine whether a particular business improvement will have continuing cost
savings in future periods, and (ii) make all calculations of the annualized cost savings upon which
awards under the Savings Plan will be based. With respect to any particular business improvement
for which a bonus is payable under the Savings Plan, approximately 38% of the calculated payout
under the Savings Plan will be made upon the implementation of the business improvement, with the
balance to be paid in March 2006.EX-4.13:

 

Exhibit 4.13

CERTIFICATE OF CORRECTION

TO

CERTIFICATE OF DESIGNATION

OF

SERIES C PREFERRED STOCK

OF

SPANISH BROADCASTING SYSTEM, INC.

FILED IN THE OFFICE OF THE SECRETARY OF STATE OF DELAWARE ON DECEMBER 22, 2004

     The undersigned, an officer of Spanish Broadcasting System, Inc. (the “Corporation”),
a corporation organized and existing under and by virtue of the General Corporation Law of the
State of Delaware (the “DGCL”), in order to correct Annex A of the Certificate of
Designation of Series C Preferred Stock of the Corporation pursuant to Section 151 of the DGCL,
hereby certifies as follows:

     FIRST: The name of the Corporation is Spanish Broadcasting System, Inc.

     SECOND: That a Certificate of Designation of Series C Preferred Stock of the Corporation was
filed by the Secretary of State of the State of Delaware on December 22, 2004 and that said
Certificate requires correction as permitted by Section 103 of the General Corporation Law of the
State of Delaware.

     THIRD: The inaccuracy or defect of said Certificate to be corrected is as follows:

     this Certificate is being filed to correct certain typographical errors.

     FOURTH: The following definitions in Paragraph 2 of the Certificate of Designation of Series C
Preferred Stock of the Corporation are corrected to read as follows:

     ‘“Issue
Date” means December 23, 2004.

     ‘“Merger Agreement” means the merger agreement dated as of October 5, 2004,
by and among, Infinity Media Corporation, Infinity Broadcasting Corporation
of San Francisco, the Company and SBS Bay Area, LLC.

     IN WITNESS WHEREOF, Spanish Broadcasting System, Inc. has caused this Certificate to be signed
by Joseph A. García, its Executive Vice President, Chief Financial Officer and Secretary, this 6th
day of January, 2005.

	 	 	 	 	 
	

	 	SPANISH
	 	BROADCASTING SYSTEM, INC.
	 
	 	 	 	 
	

	 	By:
	 	/s/ Joseph A. García
	

	 	 	 	 
	

	 	 	 	Name: Joseph A. García

Title:   Executive Vice President, Chief Financial

            Officer and Secretaryexv10wxb6y

 

Exhibit 10 (b6-1)

AMENDMENT TO THE

CAPITOL BANCORP LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 18

     The Capitol Bancorp Ltd. Employee Savings and Stock Ownership Plan is hereby
amended effective January 27, 2004 adding the following participating employer at the end of the list contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Bank of

	 	Bank
	 	California
	 	1/1/2004
	Escondido
	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: January 27, 2004

	 	By:
	 	/s/ Joseph D. Reid	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Joseph D. Reid	 	 
	

	 	 	 	Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF ESCONDIDO	 	 
	 
	 	 	 	 	 	 
	Dated: January 27, 2004

	 	By:
	 	/s/ Michael R. Peters	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Michael R. Peters	 	 
	

	 	 	 	President	 	 

 

 

Exhibit 10 (b6-2)

AMENDMENT TO THE

CAPITOL BANCORP LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 19

     The Capitol Bancorp Ltd. Employee Savings and Stock Ownership Plan is hereby amended effective
January 26, 2004 adding the following participating employer at the end of the list contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	First California

	 	Bank Holding
	 	California
	 	7/1/2003
	Southern Bancorp

	 	Company	 	 	 	 

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: January 26, 2004

	 	By:
	 	/s/ Joseph D. Reid	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Joseph D. Reid	 	 
	

	 	 	 	Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	FIRST CALIFORNIA SOUTHERN BANCORP	 	 
	 
	 	 	 	 	 	 
	Dated: January 26, 2004

	 	By:
	 	/s/ Scott R. Andrews	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Scott R. Andrews	 	 
	

	 	 	 	President	 	 

 

 

Exhibit 10 (b6-3)

AMENDMENT TO THE

CAPITOL BANCORP LTD.

EMPLOYEE SAVINGS AND STOCK OWNERSHIP PLAN

AMENDMENT NUMBER 20

     The Capitol Bancorp Ltd. Employee Savings and Stock Ownership Plan is hereby amended effective
July 28, 2004 adding the following participating employer at the end of the list contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	First Carolina

	 	Bank
	 	North Carolina
	 	7/1/2004
	State Bank
	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LIMITED	 	 
	 
	 	 	 	 	 	 
	Dated: July 28, 2004

	 	By:
	 	/s/ Joseph D. Reid	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Joseph D. Reid	 	 
	

	 	 	 	Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	FIRST CAROLINA STATE BANK	 	 
	 
	 	 	 	 	 	 
	Dated: July 28, 2004

	 	By:
	 	/s/ David A. Parker	 	 
	

	 	 	 	 	 	 
	

	 	 	 	David A. Parker	 	 
	

	 	 	 	Presidentexv10wxd6y

 

Exhibit 10 (d6)

EIGHTH AMENDMENT TO THE

CAPITOL BANCORP LTD.

EMPLOYEE STOCK OWNERSHIP PLAN

     The Capitol Bancorp Ltd. Employee Stock Ownership Plan is hereby amended effective January 1,
2004 by adding the following participating employers at the end of the list therein contained:

	 	 	 	 	 	 	 
	Name of	 	Type of	 	State of	 	Date of
	Employer	 	Entity	 	Organization	 	Participation
	Yuma Community Bank

	 	Banking Corp.
	 	Arizona
	 	Jan. 1, 2004
	Desert Community Bank

	 	Banking Corp.
	 	Nevada
	 	Jan. 1, 2004
	Red Rock Community Bank

	 	Banking Corp.
	 	Nevada
	 	Jan. 1, 2004
	Black Mountain Community Bank

	 	Banking Corp.
	 	Nevada
	 	Jan. 1, 2004
	Goshen Community Bank

	 	Banking Corp.
	 	Indiana
	 	Jan. 1, 2004

	 	 	 	 	 	 	 
	 	 	CAPITOL BANCORP LTD.	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2004

	 	By:
	 	/s/ Joseph D. Reid	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Joseph D. Reid	 	 
	

	 	 	 	Chairman and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	YUMA COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2004

	 	By:
	 	/s/ Katherine Brandon	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Katherine Brandon	 	 
	

	 	 	 	President	 	 
	 
	 	 	 	 	 	 
	 	 	DESERT COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2004

	 	By:
	 	/s/ James Howard	 	 
	

	 	 	 	 	 	 
	

	 	 	 	James Howard	 	 
	

	 	 	 	President	 	 
	 
	 	 	 	 	 	 
	 	 	RED ROCK COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2004

	 	By:
	 	/s/ Thomas Mangione	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Thomas Mangione	 	 
	

	 	 	 	President and CEO	 	 
	 
	 	 	 	 	 	 
	 	 	BLACK MOUNTAIN COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2004

	 	By:
	 	/s/ Peter Atkinson	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Peter Atkinson	 	 
	

	 	 	 	President	 	 
	 
	 	 	 	 	 	 
	 	 	GOSHEN COMMUNITY BANK	 	 
	 
	 	 	 	 	 	 
	Dated: December 1, 2004

	 	By:
	 	/s/ Douglas Johnston	 	 
	

	 	 	 	 	 	 
	

	 	 	 	Douglas Johnston	 	 
	

	 	 	 	President

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