Document:

Freescale Semiconductor, Inc. 2008 Incentive Performance Plan

 EXHIBIT 10.1 
 FREESCALE SEMICONDUCTOR, INC. 
 2008 INCENTIVE PERFORMANCE PLAN 
 EFFECTIVE AS OF September 24, 2008 
 1. Purpose of the
Plan 
 The purpose of the Freescale Semiconductor, Inc. 2008 Incentive Performance Plan is to reinforce corporate, organizational and
business-development goals; to promote the achievement of short-term and long-range financial and other business objectives; and to reward the performance of individual employees in fulfilling their personal responsibilities for long-range
achievements. 
 2. Definitions 
 The following terms, as
used herein, will have the following meanings: 
 (a) “Affiliate” means, any corporation or other entity that is an
“Affiliate” of the Company within the meaning of the Investors Agreement. 
 (b) “Award” means an incentive
compensation award, granted pursuant to the Plan, which is contingent upon the attainment of Performance Goals with respect to a Performance Period. 
 (c) “Board of Directors” means the Board of Directors of the Company. 
 (d) “Change
in Control” means any of the following: (i) a Change of Control within the meaning of the Investors Agreement; (ii) directly or indirectly a sale, transfer or other conveyance of all or substantially all of the assets of the
Company, on a consolidated basis, to any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act, whether or not applicable), as an entirety or substantially as an entirety in one
transaction or series of related transactions; (iii) any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act, whether or not applicable), other than one or more Qualified
Institutional Investors, is or becomes the “beneficial owner” (as that term is used in Rules 13d-3 and 13d-5 under the Exchange Act, whether or not applicable), directly or indirectly, of more than 50% of the total voting power of all
Voting Stock then outstanding of the Company, provided that for so long as (x) the Partnership and its subsidiaries own more than 50% of the total voting power of all Voting Stock of the Company and (y) one or more Qualified Institutional
Investors own more than 50% of the total voting power of all Voting Stock of the general partner of the Partnership, such Qualified Institutional Investors will be deemed to beneficially own the Company Voting Stock owned by the Partnership and its
subsidiaries; or (iv) during any period of 24-consecutive months, individuals who at the beginning of such period constituted the board of directors of the Company (together with any 

  

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new directors whose election by such board of directors or whose nomination for election by the stockholders of the Company was approved by a vote of a
majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the board of directors
of the Company then in office. 
 (e) “Code” means the U.S. Internal Revenue Code of 1986, as from time to time amended and
in effect, or any successor statute as from time to time in effect. 
 (f) “Committee” means the Compensation and Leadership
Committee of the Board of Directors. 
 (g) “Company” means Freescale Semiconductor, Inc., a Delaware corporation, and its
Affiliates. 
 (h) “Effective Date” means the date the Board of Directors adopts the Plan. 
 (i) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (j) “Family Member” includes any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, sister-in-law, including adoptive relationships, a trust in which these persons or the Participant have more than a fifty percent beneficial interest, a foundation in
which these persons or the Participant control the management of assets, and any other entity in which these persons or the Participant own more than fifty percent voting interest. 
 (k) “Investors Agreement” means the Investors Agreement by and among Freescale Holdings L.P., Freescale Holdings (Bermuda) I, Ltd.,
Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings (Bermuda) III, Ltd., Freescale Acquisition Holdings Corp., Freescale Holdings (Bermuda) IV, Ltd., Freescale Acquisition Corporation and certain Freescale Holdings L.P. Investors and certain
stockholders of Freescale Holdings (Bermuda) I, Ltd. dated as of December 1, 2006. 
 (l) “Participant” includes any
employee of the Company or any of its Affiliates. Designation of an employee as a Participant in any year will not require the Committee to designate that person to receive a benefit in any other year or to receive the same type or amount of benefit
as granted to the Participant in any other year or as granted to any other Participant in any year. The Committee will consider all factors that it deems relevant in selecting Participants and in determining the type and amount of their respective
benefits. 
 (m) “Partnership” means Freescale Holdings L.P., a Cayman Islands exempted limited partnership, together with
any successor thereto. 
 (n) “Performance Goals” means performance goals based on one or more of the following criteria:
(i) earnings including operating income, earnings before or after taxes, earnings before or after interest, depreciation, amortization, or extraordinary or special items or book value per share (which may exclude nonrecurring items);
(ii) pre-tax income or after-tax income; (iii) earnings per common share (basic or diluted); (iv) operating profit; (v) revenue, 

  

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revenue growth or rate of revenue growth; (vi) return on assets (gross or net), return on investment, return on capital, or return on equity;
(vii) returns on sales or revenues; (viii) operating expenses; (ix) stock price appreciation; (x) cash flow, free cash flow, cash flow return on investment (discounted or otherwise), net cash provided by operations, or cash flow
in excess of cost of capital; (xi) implementation or completion of critical projects or processes; (xii) economic value created; (xiii) cumulative earnings per share growth; (xiv) operating margin, profit margin, production or
earnings before interest, taxes and depreciation margin; (xv) common stock price or total stockholder return; (xvi) cost targets, reductions and savings, productivity and efficiencies; (xvii) strategic business criteria, consisting of
one or more objectives based on meeting specified market penetration, geographic business expansion, product quality measurements, customer satisfaction, employee satisfaction, human resources management, supervision of litigation, information
technology, and goals relating to acquisitions, divestitures, joint ventures and similar transactions, and budget comparisons; (xviii) personal professional objectives, including any of the foregoing performance goals, the implementation of
policies and plans, the negotiation of transactions, the development of long-term business goals, formation of joint ventures, research or development collaborations, and the completion of other corporate transactions; (xix) other measurable
business drivers; and (xx) any combination of, or a specified increase in, any of the foregoing. Where applicable, the Performance Goals may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a
percentage increase or decrease in the particular criteria, and may be applied to one or more of the Company, a subsidiary or Affiliate, or a division or strategic business unit of the Company, or may be applied to the performance of the Company
relative to a market index, a group of other companies or a combination thereof, all as determined by the Committee. The Performance Goals may include a threshold level of performance below which no payment will be made (or no vesting will occur),
levels of performance at which specified payments will be made (or specified vesting will occur), and a maximum level of performance above which no additional payment will be made (or at which full vesting will occur). Each of the foregoing
Performance Goals will be determined in accordance with generally accepted accounting principles, if applicable, and will be subject to certification by the Committee; provided that, the Committee will have the authority to make equitable
adjustments to the Performance Goals in recognition of unusual or non-recurring events affecting the Company or any subsidiary or Affiliate or the financial statements of the Company or any subsidiary or Affiliate, in response to changes in
applicable laws or regulations, or to account for items of gain, loss or expense determined to be extraordinary or unusual in nature or infrequent in occurrence or related to the disposal of a segment of a business or related to a change in
accounting principles. 
 (o) “Performance Period” means the Company’s fiscal year or other period set by the
Committee. 
 (p) “Person” means any individual, firm, corporation, partnership, limited liability company, trust,
incorporated or unincorporated association, joint venture, joint stock company, governmental body or other entity of any kind. 
 (q)
“Plan” means this Freescale Semiconductor, Inc. 2008 Incentive Performance Plan. 
 (r) “Qualified Institutional
Investors” as defined in the Investors Agreement. 
  

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 (s) “Voting Stock” means all classes of capital stock or shares then outstanding and
normally entitled to vote in elections of directors. 
 3. Administration  
 The Plan will be administered by the Committee. The Committee will have the authority in its sole discretion, subject to and not inconsistent with the
express provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either specifically granted to it under the Plan or necessary or advisable in the administration of the Plan, including, without limitation, the
authority to grant Awards; to determine the persons to whom and the time or times at which Awards will be granted; to determine the terms, conditions, restrictions and performance criteria, including Performance Goals, relating to any Award; to
determine whether, to what extent, and under what circumstances an Award may be settled, cancelled, forfeited, or surrendered; to make adjustments in the Performance Goals in recognition of unusual or non-recurring events affecting the Company or
the financial statements of the Company, or in response to changes in applicable laws, regulations, or accounting principles, or for any other reason; to construe and interpret the Plan and any Award; to prescribe, amend and rescind rules and
regulations relating to the Plan; and to make all other determinations deemed necessary or advisable for the administration of the Plan. 
 The Committee may delegate to one or more of its members or to one or more agents any administrative duties it may deem advisable, and the Committee or any person to whom it has delegated duties may employ one or more persons to render
advice with respect to any responsibility the Committee or the person may have under the Plan. All decisions, determinations and interpretations of the Committee will be final and binding on all persons, including the Company, the Participant (or
any person claiming any rights under the Plan from or through any Participant) and any shareholder. 
 No member of the Board of Directors or
the Committee will be liable for any action taken or determination made in good faith with respect to the Plan or any Award granted hereunder. 
 4.
Eligibility 
 Awards may be granted to officers and other employees of the Company in the sole discretion of the Committee. In
determining the persons to whom Awards will be granted and the Performance Goals relating to each Award, the Committee will take into account any factors the Committee deems relevant in connection with accomplishing the purposes of the Plan.

 5. Terms of Awards  
 The Committee
will specify with respect to a Performance Period the Performance Goals applicable to each Award. Performance Goals may include a level of performance below which no payment will be made and levels of performance at which specified percentages of
the Award will be paid. Award levels for any Performance Period may be expressed as a dollar amount or as a percentage of the Participant’s earnings or other measure as determined by the Committee. Unless otherwise determined by the Committee,
all payments in respect of Awards granted under this Plan will be made, in cash, within a reasonable period after the Performance Period, but in no event later than 75 days following the end of the Performance Period. 
  

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 6. Change in Control. 
 Except as otherwise determined by the Committee at the time of grant of an award, upon a Change in Control, all performance goals will be deemed achieved at target levels and all other terms and conditions met; all
performance cash awards will be paid out as promptly as practicable; all annual management incentive awards will be paid out based on the consolidated operating earnings of the immediately preceding year or any other method of payment as may be
determined by the Committee at the time of award or thereafter but prior to the Change in Control. 
 7. General Provisions 
 (a) Compliance with Legal Requirements. The Plan and the granting and payment of Awards, and the other obligations of the Company under the Plan
are subject to all applicable federal and state laws, rules and regulations, and to any approvals by any regulatory or governmental agency as may be required. 
 (b) Nontransferability. Unless otherwise determined by the Committee, an Award is not transferable or assignable by the Participant. 
 (c) No Right To Employment or Awards. The granting of an Award under the Plan imposes no obligation on the Company or any of its Affiliates to
continue the employment of a Participant and does not lessen or affect the Company’s or its Affiliates’ rights to terminate the employment of the Participant. No Participant or other Person has any claim to be granted any Award, and there
is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect
to each Participant (whether or not the Participants are similarly situated). 
 (d) Withholding Taxes. Where a Participant or other
person is entitled to receive a cash payment pursuant to an Award hereunder, the Company will have the right to require the Participant or other person to pay to the Company the amount of any taxes that the Company may be required to withhold before
delivery to the Participant or other person of the payment. 
 (e) Amendments or Termination of the Plan. The Board or the Committee
may at any time and from time to time alter, amend, suspend, or terminate the Plan in whole or in part. Notwithstanding the foregoing, no amendment will affect adversely any of the rights of any Participant, without the Participant’s consent,
under any Award theretofore granted under the Plan. 
 (f) Unfunded Status of Awards. The Plan is intended to constitute an
“unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award will give any such Participant any rights that are greater
than those of a general creditor of the Company. 
 (g) Governing Law. The Plan will be governed by and construed in accordance with
the laws of the State of Delaware, without regard to conflicts of laws. 
  

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 (h) Effective Date and Term of Plan. The Plan will be effective as of the Effective Date and will,
unless otherwise terminated pursuant to Section 7(e), remain effective through the fifth anniversary of the Effective Date. No Awards will be granted pursuant to the Plan on or after the fifth anniversary of the Effective Date, but Awards
theretofore granted may extend beyond that date. 
 (i) Beneficiary. A Participant may file with the Committee a written designation
of a beneficiary on a form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate will
be deemed to be the grantee’s beneficiary. 
 (j) Compliance with Section 409A of the Code. To the extent applicable, it is
intended that this Plan and any grants made hereunder comply with the provisions of Section 409A of the Code. The Plan and any grants made hereunder will be administrated in a manner consistent with this intent, and any provision that would
cause the Plan or any grant made hereunder to fail to satisfy Section 409A of the Code will have no force and effect until amended to comply with Section 409A of the Code (which amendment may be retroactive to the extent permitted by
Section 409A of the Code and may be made by the Company without the consent of participants). Any reference in this Plan to Section 409A of the Code will also include any proposed, temporary or final regulations, or any other guidance,
promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue Service. 
  

 6China Nutrifruit Group Ltd.: Exhibit 10.1 - Prepared by TNT Filings Inc.

  

Exhibit 10.1

AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT

THIS
AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT, dated as of September 25, 2008
(this “Amendment”), is entered into by and among China Nutrifruit
Group Limited (formerly known as Fashion Tech International, Inc.), a Nevada
corporation (the “Company”), and the purchaser identified on the
signature page hereto (the “Purchaser”).  Capitalized terms used
herein but not otherwise defined herein shall have the respective meanings set
forth in the Securities Purchase Agreement (as defined below).

W I T N E S S E T H

WHEREAS,
the Company and the Investors (including the Purchaser) are parties to that
certain Securities Purchase Agreement, dated as of August 14, 2008 (the
“Securities Purchase Agreement”); and 

WHEREAS,
the parties to the Securities Purchase Agreement wish to amend certain
provisions of the Securities Purchase Agreement; and

WHEREAS,
Section 6.4 of the Securities Purchase Agreement provides that no provision of
the Securities Purchase Agreement may be waived or amended except in a written
instrument signed by the Company and the Investors holding a majority of the
Shares subscribed for by Investors (excluding any Investors that are Affiliates
of the Company);

NOW,
THEREFORE, in consideration of the foregoing and the respective covenants and
agreements set forth herein, the parties hereto agree as follows:

ARTICLE I

AMENDMENTS

SECTION
1.1.   Amendment.  The parties hereto agree that the
Securities Purchase Agreement shall be amended as set forth in this Section
1.1.

(a)

The
definition of “Outside Date” under Section 1.1 is hereby amended and restated in
its entirety as follows:  

“Outside
Date” means the sixtieth (60th) calendar day (if such calendar day is a Trading
Day and if not, then the first Trading Day following such sixtieth (60th)
calendar day) following the date of this Agreement. 

(b)

Section
4.2(a) is hereby amended and restated in its entirety as follows:  

“4.2
Registration Obligation.   

(a)
   The Company shall file a registration statement as soon as
commercially reasonable, but in any event within sixty (60) days (if such
calendar day is a Trading Day and if not, then the first Trading Day following
such sixtieth (60th) calendar day) of the Closing Date, on Form S-1, or such
other form that is appropriate, covering the resale of the Shares.  The
Company shall file a registration statement as soon as commercially reasonable,
but in any event within forty-five (45) days (if such calendar day is a Trading
Day and if not, then the first Trading Day following such forty-fifth (45th)
calendar day) of the date the 2009 Make Good Shares or 2010 Make Good Shares, as
applicable, are issuable to Investors, on Form S-1, or such other form that is
appropriate, covering the resale of the, the 2009 Make Good Shares and the 2010
Make Good Shares, as applicable.”  

1

SECTION
1.2.   Full Force and Effect.  For the avoidance of doubt,
all other provisions of the Securities Purchase Agreement shall remain in full
force and effect.  

ARTICLE II

MISCELLANEOUS

SECTION
2.1.   Governing Law.  This Amendment shall be governed by
and construed in accordance with the laws of the State of New York. 

SECTION 2.2.   Entire Agreement. This Amendment
along with the Securities Purchase Agreement and the other Transaction Documents
contains the entire understanding of the parties with respect to the subject
matter hereof and supersedes all prior agreements, understandings, discussions
and representations, oral or written, with respect to such matters, which the
parties acknowledge have been merged into this Amendment.

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

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed by their respective authorized signatories as of the date first
indicated above.

	 	CHINA NUTRIFRUIT GROUP
    LIMITED
	 	 
	 	
      By:       /s/ Jinglin
      Shi                              
      
Name:

      Jinglin Shi

      Title:

      Chief Executive Officer

	 	
       
	 	
      THE PURCHASERS HOLDING A  MAJORITY OF SHARES
      SUBSCRIBED BY THE INVESTORS AS OF AUGUST 14, 2008

 

 

 

 

Signature Page to the Amendment to SPA

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