Document:

Letter Agreement dated 12/10/03 between NFS and Joseph Gasper

 Exhibit 10.36.2 
  
 PERSONAL & CONFIDENTIAL 
  
 December 10, 2003 
  
 Joseph Gasper 
 5147 Reserve Drive 
 Dublin, Ohio 43017 
  
 Dear Joe: 
  
 The purpose of this
letter agreement is to set forth the terms of the agreement reached between you and Nationwide Financial Services, Inc. (the “Company”), with respect to your separation from your position with the Company (this “Agreement”).

  

	1.	Termination of Employment. From December 10, 2003 until the Separation Date (the “Working Period”), you shall continue your employment with the Company in your
current position. You will cease employment in your current capacity effective July 1, 2004 (the “Separation Date”) and, as of such date you will no longer be an officer of the Company. 

  

	2.	Employment Agreement. The Employment Agreement, dated July 1, 2000, by and between you and the Company, as amended on August 28, 2002 (the “Employment Agreement”)
shall govern your employment relationship with the Company during the Working Period. 

  

	3.	Retirement Benefits. If you execute and do not revoke the written release substantially in the form attached to the Employment Agreement (the “Release”), the
Company will pay to you as retirement benefits, within 30 days after the Separation Date or the end of the revocation period for the Release, if later, the benefits set forth in Section 2.3(b) of the Employment Agreement. 

 

	4.	Certain Covenants. You agree that the covenants regarding non-competition and non- solicitation contained in Section 7 of the Employment Agreement shall apply to you during
the two-year period following the Separation Date. 

  

	5.	Miscellaneous. 

  

	 	(a)	You agree that you have carefully read this Agreement and know its contents, that it was fully explained to you, and that you sign this Agreement and the Release knowingly and
voluntarily, with a full understanding of its significance, and intending to be bound by its terms. You acknowledge that before signing this Agreement, you were advised to consult with legal counsel of your choice and that any fees or costs
associated with legal advice in this regard are to be paid by you and not the Company. 

  

	 	(b)	This Agreement, the Release and the terms of Employment Agreement (as expressly incorporated into this Agreement) shall constitute the entire agreement among the parties hereto with
respect to the subject matter hereof and shall supersede all prior verbal or written agreements, covenants, communications, understandings, commitments, representations or warranties, whether oral or written, by any party hereto or any of its
representatives pertaining to such subject matter. 

  

	 	(c)	Each party hereto shall execute such additional documents, and do such additional things, as may reasonably be requested by the other party to effectuate the purposes and provisions
of this Agreement. 

  
 Your signature on this
Agreement will signify that you understand and agree completely to the arrangement that is described in this Agreement. 
  

	
	 Sincerely,

	
	 /s/ W. G. Jurgensen

	

	 W. G. Jurgensen

	 Title Chief Executive Officer

  

	
	 Accepted and Agreed as of
 December 10,
2003.

	
	 /s/ Joseph Gasper

	

	 Joseph GasperAmendment 2004-1 to the 2001 Director's Deferred Compensation/Stock Award Plan

 Exhibit 10.27 
  
 AMENDMENT 2004-1 
 TO THE 
  
 UNOCAL CORPORATION 
 2001 DIRECTORS’ DEFERRED COMPENSATION 
 AND STOCK AWARD PLAN 
  
 WHEREAS, Unocal
Corporation (the “Company”) maintains the Unocal Corporation 2001 Directors’ Deferred Compensation and Stock Award Plan, as amended (the “Plan”); 
  
 WHEREAS, the Board of Directors has the authority to amend the Plan, and has determined that it is advisable and in
the best interests of the stockholders of the Company to amend the Plan as set forth herein. 
  
 RESOLVED, that the Plan be, and hereby is, amended, effective on and subject to stockholder approval of the Unocal Corporation 2004 Directors’ Deferred Compensation and Restricted Stock Unit Award Plan
(the “2004 Plan”) at the 2004 annual meeting of stockholders, as follows: 
  

	 	1.	A new Section 14 is hereby added to the Plan to read as follows: 

  
 “14. Transfer of Accounts into 2004 Directors’ Deferred Compensation and Restricted Stock Unit Award Plan. 
  
 Upon stockholder approval of the Unocal Corporation 2004
Directors’ Deferred Compensation and Restricted Stock Unit Award Plan (the “2004 Plan”) at the 2004 annual meeting of the Company’s stockholders, the Stock Units (and dividend equivalents credited with respect thereto) credited
to the Stock Unit Account of each Participant under this Plan shall be transferred and credited to a Stock Unit Account established for such Participant under the 2004 Plan as of such date and shall thereafter be governed by the terms of the 2004
Plan; including, without limitation, the provisions in the 2004 Plan that any deferral election with respect to compensation earned and to be earned in calendar year 2004 filed under this Plan shall be effective for the deferral of such compensation
under the 2004 Plan, and any distribution election and beneficiary designation made by any Participant under this Plan shall apply with respect to such Stock Units (and dividend equivalents credited with respect thereto) and with respect to such
Participant’s participation under the 2004 Plan unless and until the Participant makes a different election in accordance with the terms of the 2004 Plan.” 
  

	 	2.	A new Section 15 is added to the Plan to read as follows: 

  
 “15. No Additional Grants. 
  
 Effective upon stockholder approval of the 2004 Plan, no additional awards of stock options or credits of stock units will be made under
this Plan; provided, however, 

  

 
that, pursuant to Section 3, the Plan and the Committee’s authority hereunder shall continue in effect until all matters relating to outstanding awards
have been completed.” 
  
 In the event stockholder approval
of the 2004 Plan is not obtained, this Amendment shall have no force and effect. 
  
 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to confirm the adoption of this Amendment by the Board as of the 10th day of February, 2004. 
  

			
	

	By:	 	 
	 Its:
	 	 

  

 2Form of Nonqualified Stock Option Agreement (Initial Grant)

 Exhibit 10.28 
  
 UNOCAL CORPORATION 
 (“Company”) 
  
 NONQUALIFIED STOCK OPTION
AGREEMENT 
 (Initial Grant) 
  
 THIS OPTION AGREEMENT is between the Company and the Optionee named below and evidences the Company’s grant to the Optionee of a Nonqualified Stock Option to
purchase authorized but unissued or treasury shares of the Company’s Common Stock. The Option is granted pursuant to and subject to the Company’s 2001 Directors’ Deferred Compensation and Stock Award Plan (the “2001
Plan”) and the Terms and Conditions for Stock Options Granted Under the 2001 Plan (the “Terms”), incorporated herein by this reference. 
  

									
	Optionee:	  	______________________  
	  	 	  	 Exercise Price
 Per
Share:
	  	$                1
					
	Number of Shares:	  	______________________1	  	 	  	 	  	 
					
	Grant Date:	  	___________ ___, ______	  	 	  	Expires:	  	___________ ___, _____2

  

							
	Vesting Schedule: 1, 2	 	% Vesting

	 	Date of Vesting2

	 	No. of Shares

	 	 	33 1/3%	 	___________ ___, ______	 	_________
	 	 	33 1/3%	 	___________ ___, ______	 	_________
	 	 	33 1/3%	 	___________ ___, ______	 	_________

	1	Subject to adjustment under Sections 5(g) and 9 of the 2001 Plan. 

  

	2	Subject to early termination if the Optionee’s service as a director terminates or in certain other circumstances. See Sections 3 through 5 of the Terms and
Sections 5(e) and 5(f) of the 2001 Plan for exceptions and additional details regarding possible early termination of the Option. 

 Optionee accepts the Option and agrees to (and acknowledges receipt of a copy of) the 2001 Plan and the Terms. Optionee understands and agrees that the Option will be
rescinded if stockholders approve the Company’s 2004 Directors’ Deferred Compensation and Restricted Stock Unit Award Plan (the “2004 Plan”) in 2004. 
  

									
	 UNOCAL CORPORATION
 (a Delaware corporation)
	 	 	 	AGREED AND ACKNOWLEDGED:
				
	By:	 	 	 	 	 	 
	 	 	
	 	 	 	

	 	 	 	 	 	 	(Optionee’s Signature)
	Its:	 	 	 	 	 	 
	 	 	
	 	 	 	

	 	 	 	 	 	 	(Address)
				
	 	 	 	 	 	 	 
	 	 	 	 	 	 	

	 	 	 	 	 	 	(City, State, Zip Code)

  

 CONSENT OF SPOUSE 
  
 In consideration of the execution of the foregoing Stock Option Agreement by the Company, I, the spouse of the Optionee
named above, join with my spouse in executing this Agreement and agree to be bound by all of the terms and provisions of this Agreement and of the 2001 Plan. 
  

									
				
	 Date:
                                
	 	 	 	 	 	 
	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	Signature of Spouse

  

 2 

 TERMS AND CONDITIONS FOR 
 NONQUALIFIED STOCK OPTIONS 
 GRANTED UNDER THE 
 2001 DIRECTORS’ DEFERRED COMPENSATION AND STOCK AWARD PLAN 
  
 1. Exercisability of Option. Subject to earlier rescission pursuant to Section 12 hereof, the Option shall
vest and become exercisable as set forth on the facing page of this Option Agreement. The Option may be exercised only to the extent the Option is exercisable and vested, and, during the Optionee’s lifetime, only by the Optionee, with
limited exception pursuant to Section 8(d) of the 2001 Plan. 
  
 (a) Cumulative Exercisability. To the extent the Optionee does not in any year purchase all the shares that the Optionee may then exercise, the Optionee has the right thereafter to purchase such
remaining shares until the Option terminates or expires. 
  
 (b) No Fractional Shares. Fractional share interests shall be disregarded, but may be cumulated. 
  
 (c) Minimum Exercise. No fewer than 100 shares may be purchased at any one time, unless the number purchased is the total
number at the time exercisable under the Option. 
  
 2.
Method of Exercise of Option. To the extent exercisable, the Option may be exercised by the Optionee’s delivery to the Company of a properly completed and executed exercise form as from time to time approved by the Committee
stating the number of shares to be purchased pursuant to the Option and accompanied by payment in one or a combination of the following methods: 
  
 (a) by cash or by check payable to the order of the Company, in the full amount of the purchase price of the shares and amounts required
to satisfy any applicable withholding taxes; 
  
 (b) by the delivery of shares that have been held by the Optionee for at least six months, in accordance with Section 5(d) of the 2001 Plan; and 
  
 (c) by “cashless exercise” through a broker if authorized by the Committee. 
  
 Other payment methods may be permitted only if expressly authorized by the Committee with
respect to this Option or all options under the 2001 Plan. 
  
 3.
Continuance of Service Required. The vesting schedule requires continued service through each applicable vesting date as a condition to the vesting of the applicable installment and rights and benefits under this Agreement. Partial
service, even if substantial, during any vesting period will not entitle the Optionee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of service as provided in Section 4 below or
under the 2001 Plan, except as otherwise expressly provided in the 2001 Plan. 
  

 3 

 4. Effect of Termination of Directorship. If the Optionee’s services as a director
terminate, the Option and all other rights and benefits under this Agreement terminate except that the Optionee may, at any time within the following periods after the date of termination of service (the “Termination Date”), and provided
that the Optionee was not terminated for Cause, exercise the Option but only to the extent the Option was vested and exercisable on the Termination Date and has not otherwise expired: 
  

	 	•	If the Optionee has served on the Board for three years or more and his or her services terminate for any reason other than Cause, the Optionee will have until the date that is
three years after the Termination Date to exercise his or her Option; 

  

	 	•	If the Optionee has served on the Board for less than three years and his or her services terminate for any reason other than Cause, the Optionee will have until the date that is
two years after the Termination Date to exercise his or her Option; 

  

	 	•	If the Optionee’s services are terminated for Cause, the Option, to the extent vested and unvested shall immediately terminate on the Termination Date.

  

	Options	vesting by acceleration as of the Termination Date are deemed vested. 

  
 5. Leaves of Absence. Absence from service caused by military service, authorized sick leave or other leave approved in writing by the
Company or the Committee shall not be considered a termination of service by the Company for purposes of Section 4, provided such leave is for a period of not more than 90 days. 
  
 6. Optionee not a Stockholder. Neither the Optionee nor any other person entitled to exercise the Option shall
have any of the rights or privileges of a stockholder of the Company as to any shares of Common Stock until the issuance and delivery to him or her of the shares acquired upon exercise of the Option. No adjustment will be made for dividends or other
rights as to a stockholder for which a record date is prior to such date of delivery. 
  
 7. Notices. Any notice to be given shall be in writing and addressed to the Company at its principal office, to the attention of the Corporate Secretary, and to the Optionee at his or her last address of
record, or at such other address as either party may hereafter designate in writing to the other for purposes of notices in respect of the Option. 
  
 8. Effect of Award Agreement. The Option Agreement shall be binding upon and inure to the benefit of any successor or successors of the
Company, except to the extent the Committee determines otherwise. 
  
 9. Choice of Law. The construction, interpretation, performance and enforcement of the Option Agreement and the Option shall be governed by the laws of the State of Delaware. 
  
 10. Defined Terms. Capitalized terms used herein and not
otherwise defined herein shall have the meaning assigned by the 2001 Plan. 
  

 4 

 11. 2001 Plan. The Option and all rights of Optionee thereunder are subject to, and the
Optionee agrees to be bound by, all of the terms and conditions of the provisions of the 2001 Plan. Unless otherwise expressly provided in these Terms and Conditions, provisions of the 2001 Plan that confer discretionary authority on the Committee
do not (and shall not be deemed to) create any additional rights in the Optionee not expressly set forth in the Optionee’s Option Agreement or in a written amendment thereto. If there is any conflict or inconsistency between the terms and
conditions of this Option Agreement and of the 2001 Plan, the terms and conditions of the 2001 Plan shall govern. The Participant acknowledges receipt of a complete copy of the 2001 Plan and agrees to be bound by its terms. 
  
 12. Effect of 2004 Plan on Option. The Option and all rights of
the Optionee thereunder shall be rescinded, without any further action by the Committee, immediately upon the approval of the 2004 Plan by the Company’s stockholders at the 2004 annual meeting of stockholders. 
  

 5

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