Document:

Exhibit 10.17

 Exhibit 10.17 
  
 PAETEC CORP. 
  
 Description of Non-Employee Director Compensation 
  
 Non-employee directors of PAETEC Corp. (the “Company”), other than directors designated for nomination for election or for appointment to the
board of directors by Madison Dearborn Partners or The Blackstone Group, receive cash and receive equity-based fees pursuant to the PAETEC Corp. Seventh Amended Stock Option and Incentive Plan (the “Stock Incentive Plan”). Non-employee
directors also are entitled to reimbursement for reasonable out-of-pocket expenses they incur to attend board and committee meetings. 
  
 The policy is to pay each non-employee director, other than directors designated for nomination for election or for appointment to the board of directors
by Madison Dearborn Partners or The Blackstone Group, an annual fee for service on the board of directors of $50,000 in cash, which is payable in four equal quarterly installments in arrears, and annual awards of options to purchase 10,000 shares of
Class A common stock or, in the case of each director that serves as a chairman of any board committee, options to purchase 20,000 shares of Class A common stock. These annual awards are made on each anniversary of the director’s initial
election or appointment. Each of these non-employee directors also is entitled to receive options to purchase 75,000 shares of Class A common stock upon that director’s initial election or appointment to the board of directors. In connection
with the Company’s contemplated initial public offering of common stock, each of these non-employee directors also will be entitled to receive options to purchase 40,000 shares of Class A common stock and a number of shares of restricted Class
A common stock that is equal to 49,375 shares, with respect to James A. Kofalt, or 39,375 shares, with respect to Betsy S. Atkins and William R. McDermott. 
  
 Annual option awards typically vest with respect to all of the shares subject to such option on the first anniversary of the date of grant. Options
awarded upon a non-employee director’s initial election or appointment to the board of directors typically vest and become exercisable in four equal annual installments beginning on the first anniversary of the date of grant. Shares
representing 50% of each award made in connection with the contemplated initial public offering will vest on each of the first two anniversaries of the date of grant. Upon the termination of a director’s service, the director typically will
have the right, at any time within a specified period after the date of termination of service and prior to termination of the options, to exercise any options that are vested as of the service termination date. Options that are unvested as of the
service termination date are not exercisable. 
  
 In the event
that the Class A common stock is reclassified, the number of shares subject to options previously awarded, and the number of shares to which non-employee directors will be entitled in accordance with the foregoing policies, generally will be
equitably and proportionately adjusted.Exhibit 10.18

 Exhibit 10.18 
  
 PAETEC CORP. 
  
 Description of Management Compensatory Plans and Arrangements 
  
 Components of Executive Compensation 
  
 The 2005 executive compensation program of PAETEC Corp. includes a base salary, the potential for semi-annual cash bonuses
in accordance with our annual bonus plan and long-term incentive compensation in the form of stock options and potentially other equity-based awards that are authorized for issuance under the PAETEC Corp. Sixth Amended 2001 Stock Option and
Incentive Plan. Our executive officers also are eligible to participate in our 401(k) plan and health plans, each of which is available to all of our regular employees. 
  
 The Compensation Committee of the Board of Directors makes determinations concerning all compensation for Arunas A. Chesonis
and for all equity-based compensation for Bradford M. Bono, Edward J. Butler and Keith M. Wilson. Following consideration of recommendations made by Mr. Chesonis, the Compensation Committee also makes determinations concerning all other compensation
for Messrs. Bono, Butler and Wilson. Mr. Chesonis makes determinations concerning all compensation for Joseph D. Ambersley, Christopher Bantoft, John P. Baron, Richard J. Padulo, Daniel J. Venuti, Timothy J. Bancroft and Jeffrey L. Burke. All
executive compensation determinations are based on an evaluation of the executive officer’s responsibilities, performance, experience and knowledge, and the competitive marketplace for executive talent. 
  
 2005 Compensation for Executives 
  
 We have not entered into written employment agreements with any of our
executive officers. All of our executive officers have entered into a Non-Solicitation, Non-Compete and Confidentiality Agreement in substantially the form filed as Exhibit 10.6 to this Registration Statement on Form S-1. 
  
 For 2005, each executive officer is entitled to receive the base salary set
forth beside the name of such executive officer in the table below. 
  

						
	 Executive Officer

	  	 Title

	  	 2005 Base Salary
 (as of July 11, 2005)

	Arunas A. Chesonis	  	Chairman of the Board, President and Chief Executive Officer	  	$	500,000
			
	Bradford M. Bono	  	Executive Vice President and Director	  	$	330,000

						
	 Executive Officer

	 	 Title

	  	 2005 Base Salary
 (as of July 11, 2005)

	Edward J. Butler, Jr.	 	Executive Vice President	  	$	330,000
			
	Keith M. Wilson	 	Executive Vice President and Chief Financial Officer	  	$	330,000
			
	Joseph D. Ambersley	 	Executive Vice President	  	$	230,000
			
	Christopher Bantoft	 	Executive Vice President	  	$	230,000
			
	John P. Baron	 	Executive Vice President	  	$	250,000
			
	Richard J. Padulo	 	Executive Vice President	  	$	210,000
			
	Daniel J. Venuti	 	Executive Vice President, Secretary and General Counsel	  	$	250,000
			
	Timothy J. Bancroft	 	Executive Vice President and Treasurer	  	$	200,000
			
	Jeffrey L. Burke	 	Executive Vice President	  	$	250,000

  
 Each executive officer
also is eligible for semi-annual cash bonuses in accordance with the terms of our annual bonus plan and, at the discretion of the Compensation Committee or Mr. Chesonis, as applicable, for long-term incentive compensation pursuant to the 2001 Stock
Option and Incentive Plan. In connection with our contemplated initial public offering of common stock, each executive officer is entitled, subject to stockholder approval of an amendment to the 2001 Stock Option and Incentive Plan to increase the
number of shares of Class A common stock issuable thereunder and to the completion of the initial public offering, to receive the long-term incentive compensation set forth opposite the name of such executive officer in the table below. Each of such
awards will vest with respect to 25% of the shares of common stock subject to such awards on each of the first four anniversaries of the date of grant, which will be on or about the day we sign a purchase agreement for the initial public offering.
The exercise price of all options shown will equal the fair market value on the date of grant. 
  

					
	 Executive Officer

	  	Value of
options($)(2)

	  	 Value of
 Restricted Shares($)(2)

	 Arunas A. Chesonis
	  	750,000	  	250,000
			
	 Bradford M. Bono
	  	375,000	  	125,000
			
	 Edward J. Butler, Jr.
	  	225,000	  	75,000
			
	 Keith M. Wilson
	  	375,000	  	125,000
			
	 Joseph D. Ambersley
	  	84,375	  	28,124
			
	 Christopher Bantoft
	  	112,500	  	37,500
			
	 John P. Baron
	  	112,500	  	37,500
			
	 Richard J. Padulo
	  	84,375	  	28,124
			
	 Daniel J. Venuti
	  	225,000	  	75,000
			
	 Timothy J. Bancroft
	  	112,500	  	37,500
			
	 Jeffrey L. Burke
	  	84,375	  	28,124

	 	

	 	(1)	The number of options to purchase common stock will equal the amounts shown divided by the product of (x) .50 multiplied by (y) the initial public offering price.

	 	(2)	The number of restricted shares will equal the amounts shown divided by the initial public offering price per share of common stock. 

  
 In addition, upon completion of the initial public offering and subject to
the stockholder approval described above, Keith M. Wilson is entitled to receive an additional award of restricted shares of common stock that will be equal to 41,184 shares. All of such shares will vest on the third anniversary of the date of
grant. 
  

 2Amendment, effective as of June 22, 2005, to the Employement Agrement

 Exhibit 10.1 
  
 AMENDMENT 
  
 Reference is made to that certain employment agreement dated as of October 8, 2004 between Kristina Leslie and DreamWorks Animation SKG, Inc. (the
“Agreement”). Except as provided to the contrary, all capitalized terms herein shall have the same meanings as under the Agreement. 
  
 For good and valuable consideration, the receipt and the sufficiency of which is hereby acknowledged, the parties agree to delete the first sentence of
Paragraph 2.b. of the Agreement and replace it with the following sentence: 
  
 “During the Employment Term you shall render your exclusive full time business services to Studio and/or its divisions, subsidiaries or affiliates in accordance with the reasonable directions and instructions of
the Chief Executive Officer and the Chairman of the Board of Directors of Studio, all as hereinafter set forth.” 
  
 Except as expressly modified herein, the Agreement is not modified or amended in any respect and, as modified herein, the Agreement is hereby ratified and
confirmed in all respects. 
  
 Effective as of June 22, 2005.

  
 ACCEPTED AND AGREED TO: 
  

							
	 	 	 	 	DREAMWORKS ANIMATION SKG, INC.
				
	 By:
	 	/s/    KRISTINA LESLIE	 	By:	 	/s/    JEFFREY KATZENBERG
	 	 	
	 	 	 	

	 	 	KRISTINA LESLIE	 	Its:	 	Chief Executive OfficerAmendment, effective as of June 22, 2005, to the Employment Agreement

 Exhibit 10.2 
  
 AMENDMENT 
  
 Reference is made to that certain employment agreement dated as of October 8, 2004 between Katherine Kendrick and DreamWorks Animation SKG, Inc. (the
“Agreement”). Except as provided to the contrary, all capitalized terms herein shall have the same meanings as under the Agreement. 
  
 For good and valuable consideration, the receipt and the sufficiency of which is hereby acknowledged, the parties agree to delete the first sentence of
Paragraph 2.b. of the Agreement and replace it with the following sentence: 
  
 “During the Employment Term you shall render your exclusive full time business services to Studio and/or its divisions, subsidiaries or affiliates in accordance with the reasonable directions and instructions of
the Chief Executive Officer and the Chairman of the Board of Directors of Studio, all as hereinafter set forth.” 
  
 Except as expressly modified herein, the Agreement is not modified or amended in any respect and, as modified herein, the Agreement is hereby ratified and
confirmed in all respects. 
  
 Effective as of June 22, 2005.

  
 ACCEPTED AND AGREED TO: 
  

							
	 	 	 	 	DREAMWORKS ANIMATION SKG, INC.
				
	 By:
	 	/s/    KATHERINE KENDRICK	 	By:	 	/s/    JEFFREY KATZENBERG
	 	 	
	 	 	 	

	 	 	KATHERINE KENDRICK	 	Its:	 	Chief Executive Officer

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