Document:

EXHIBIT 10.4

 Exhibit 10.4 

2010 Partial Bonus Payments to Executive Officers 

As previously disclosed, on June 18, 2010, the Compensation Committee of the Board of Directors of Sunrise
Senior Living, Inc. (the “Company”) approved partial payments to each of the Company’s current executive officers of 33
 1/3% of their respective target 2010 annual bonus
amounts. For additional information regarding these partial bonus payments, please refer to the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 23, 2010.Corporate Executive Bonus Plan

 Exhibit 10.331 

Corporate Executive Bonus Plan 
  

 
 The Charles
Schwab Corporation 
 Corporate Executive Bonus Plan 

(As Amended and Restated as of February 23, 2005) 

(Approved by Stockholders on May 19, 2005) 

(Amended and Restated December 12, 2007) 

(Amended and Restated October 23, 2008) 

(Amended and Restated December 9, 2009) 

(Approved by Stockholders on May 13, 2010) 
  

 
 SECTION
1.    PURPOSE OF THE PLAN 
 The Charles Schwab Corporation Corporate Executive Bonus Plan
(the “Plan”) is established to promote the interests of The Charles Schwab Corporation and its Subsidiaries (collectively the “Company”), by creating an incentive program to (a) attract and retain employees with outstanding
competencies who will strive for excellence (b) motivate those individuals to exert their best efforts on behalf of the Company by providing them with compensation in addition to their base salaries; and (c) further the identity of
interests of such employees with those of the Company’s stockholders through a strong performance-based reward system. 

SECTION 2.    ADMINISTRATION OF THE PLAN 

The Compensation Committee of the Board of Directors of the Company (the “Committee”) shall administer the
Plan. The Committee shall be composed solely of two or more “outside directors” within the meaning of Treasury Regulations Section 1.162-27 (or any successor regulation) and shall be appointed pursuant to the Bylaws of the Company.
The members of the Committee shall be ineligible for awards under this Plan for services performed while serving on the Committee. The Committee shall have discretionary authority to interpret the Plan, establish rules and regulations to implement
the Plan, and make all determinations deemed necessary or advisable for the 

 
administration of the Plan, in its sole discretion. Decisions of the Committee shall be final and binding on all parties who have an interest in the Plan. 

SECTION 3.    ELIGIBILITY FOR AWARDS 

(a)            Eligibility Requirements. Awards under the
Plan may be granted by the Committee to those Employees holding Executive Vice President or comparable or higher executive-level positions with the Company. Except in the event of retirement, death, or disability, an individual in these positions
shall be eligible to participate in the Plan if he or she is an Employee of the Company on the last day of the performance period. An individual who is on a leave of absence shall remain eligible, but his or her award shall be adjusted as provided
in Section 4(g). 
 (b)            Definition
of Employee. For purposes of the Plan, an individual shall be considered an “Employee” if he or she is employed by the Company or other business entity in which the Company shall directly or indirectly own, at the time of determination,
stock possessing 50% or more of the total combined voting power of all classes of stock or other ownership interest (each a “Subsidiary”). No award may be granted to a member of the Company’s Board of Directors except for services
performed as an employee of the Company. 
 SECTION 4.    BONUS AWARDS 

(a)        Form of Awards. Bonus awards under this Plan shall be paid, less
applicable withholdings and deductions, in cash and/or stock and/or stock-based awards granted under The Charles Schwab Corporation 2004 Stock Incentive Plan. 

(b)        Target Award Amounts. Target award amounts shall be based on a
percentage of each eligible Employee’s annual base salary for each performance period as determined by the Committee in its sole discretion not later than 90 days after the commencement of the performance period, provided that the outcome is
substantially uncertain at the time the Committee actually establishes the goal, or after 25 percent of the performance period (as scheduled in good faith at the time the goal is established) has elapsed. 

(c)        Bonus Formula. The formula used to determine bonus awards for each
eligible Employee shall be determined according to a matrix or matrices that shall be adopted by the Committee not later than 90 days after the commencement of the performance period, provided that the outcome is substantially uncertain at the time
the Committee actually establishes the goal, or after 25 percent of the performance period (as scheduled in good faith at the time the goal is established) has elapsed. The matrix or matrices may be different for each eligible Employee and shall be
based on one or more objective performance criteria to be selected by the Committee from among the following: pre-tax operating profit margin, pre-tax reported profit margin, after-tax operating profit margin, after-tax reported profit margin,
pre-tax operating profits, pre-tax reported profits, cash 
  

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flow, revenues, revenue growth, operating revenue growth, client net new asset growth, return on assets, return on equity, return on investment, stockholder return and/or value, earnings per
share, conversions of and/or increase in client assets, sales (of products, offers, or services) and changes between years or periods that are determined with respect to any of the above-listed performance criteria. Performance criteria may be
measured solely on a corporate, subsidiary, enterprise or business unit basis, or a combination thereof. Further, performance criteria may reflect absolute entity performance or a relative comparison of entity performance to the performance of a
peer group of entities or other external measure of the selected performance criteria. The formula for any such award may include or exclude items to measure specific objectives, such as losses from discontinued operations, extraordinary gains or
losses, the cumulative effect of accounting changes, acquisitions or divestitures, foreign exchange impacts and any unusual, nonrecurring gain or loss, and will be based on accounting rules and related Company accounting policies and practices in
effect on the date the formula is approved by the Committee. Awards shall be determined by applying the bonus formula to the target award amount of each eligible Employee. Except in the case of the Chief Executive Officer, payouts described in this
subsection shall be calculated and paid on the basis of a quarterly or annual performance period, or a combination thereof, as determined by the Committee in its sole discretion. In the case of the Chief Executive Officer, payouts described in this
subsection shall be made on an annual basis, based on the Company’s results for the full year. Bonus awards for any eligible Employee shall not be provided under this Plan if such awards are separately determined under an employment agreement
or other arrangement. 
 (d)        Maximum Award Amounts. The maximum
award that may be paid to any eligible Employee (other than the Chief Executive Officer) under this Plan for any calendar year shall not exceed $8 million as calculated by the Committee at the end of the performance period. The maximum award that
may be paid to the Chief Executive Officer under this Plan for any calendar year shall not exceed $15 million as calculated by the Committee at the end of the performance period. 

(e)        Power to Reduce Bonus Amounts. Notwithstanding anything to the
contrary contained in this Plan, the Committee shall have the power, in its sole discretion, to reduce the amount payable to any eligible Employee including the Chief Executive Officer (or to determine that no amount shall be payable to such
eligible Employee) with respect to any award prior to the time the amount otherwise would have become payable hereunder. Such reductions may be based upon the recommendations of the Chief Executive Officer. In the event of such a reduction, the
amount of such reduction shall not increase the amounts payable to other eligible Employees under the Plan. 

(f)        Entitlement to Bonus. No eligible Employee shall earn any portion of a
bonus award under the Plan until the last day of the relevant performance period and only if the Committee has approved the bonus award and, to the extent required by section 162(m) of the Internal Revenue Code of 1986, as amended (the
“Code”), has certified that the applicable performance criteria have been satisfied. 
  

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 (g)        Termination of Employment
and Leaves of Absence. Except in the event of retirement, death, or disability, if an Employee ceases to be employed by the Company for any reason on or before the date when the bonus is earned, then he or she shall not earn or receive any bonus
under the Plan. If an eligible Employee is on an unpaid leave of absence for a portion of the relevant performance period, the Committee may award a bonus at the end of the performance period based on the achievement of the performance criteria, and
such bonus shall be prorated to reflect only the time when he or she was actively employed and not any period when he or she was on leave. In the event of death or disability before the last day of the relevant performance period, the Committee
shall have the sole discretion to award any bonus at the end of the performance period based on the achievement of the performance criteria. In the event of retirement before the last day of the relevant performance period, the Committee shall have
the sole discretion to waive the requirement of being employed on the last day of the relevant performance period and award a bonus at the end of the performance period based on the achievement of the performance criteria. For all purposes of the
Plan, “retirement” will mean any termination of employment with the Company and its subsidiaries for any reason other than death at any time after the Employee has attained age 55, but only if, at the time of termination, the Employee has
been credited with at least ten (10) Years of Service under the Schwab Plan Retirement Savings and Investment Plan. 

SECTION 5.    PAYMENT OF BONUS AWARDS 

Bonus awards shall be paid to each eligible Employee on or after
January 1st and on or before
March 15th of the calendar year immediately following
the end of the fiscal year on which the award is based, regardless of whether the individual has remained in Employee status through the date of payment. 

SECTION 6.    GENERAL PROVISIONS 

(a)        Plan Amendments. The Board of Directors of the Company or the
Committee may at any time amend, suspend or terminate the Plan, provided that it must do so in a written resolution and such action shall not adversely affect rights and interests of Plan participants to individual bonuses allocated prior to such
amendment, suspension or termination. Stockholder approval shall be obtained for any amendment to the extent necessary and desirable to qualify the awards hereunder as performance-based compensation under section 162(m) of the Code and to comply
with applicable laws, regulations or rules. 
 (b)        Benefits
Unfunded. No amounts awarded or accrued under this Plan shall be funded, set aside or otherwise segregated prior to payment. The obligation to pay the bonuses awarded hereunder shall at all times be an unfunded and unsecured obligation of the
Company. Eligible Employees shall have the status of general creditors and shall look solely to the general assets of the Company for the payment of their bonus awards. 

(c)        Benefits Nontransferable. No eligible Employee shall have the right to
alienate, pledge or encumber his or her interest in this Plan, and such interest shall not (to 
  

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the extent permitted by law) be subject in any way to the claims of the Employee’s creditors or to attachment, execution or other process of law. 

(d)        No Employment Rights. No action of the Company in establishing the
Plan, no action taken under the Plan by the Committee and no provision of the Plan itself shall be construed to grant any person the right to remain in the employ of the Company or its subsidiaries for any period of specific duration. Rather, each
Employee will be employed “at will,” which means that either such Employee or the Company may terminate the employment relationship at any time and for any reason, with or without cause or notice. Only the Chief Executive Officer has the
authority to enter into an agreement on any other terms, and he or she can only do so in a writing signed by him or her. No Employee shall have the right to any future award under the Plan. 

(e)        Exclusive Agreement. This Plan document is the full and complete
agreement between the eligible Employees and the Company on the terms described herein. 

(f)        Governing Law. The Plan and any actions taken in connection herewith
shall be governed by and construed in accordance with the laws of the state of Delaware (without regard to applicable Delaware principles of conflict of laws). 
  

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