Document:

Exhibit 10.20

 Exhibit 10.20 
  
 AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT 
  
 This AMENDMENT (the “Amendment”) to the EXECUTIVE EMPLOYMENT AGREEMENT effective as of February 17, 2003, (the
“Employment Agreement”), by and among MeriStar Hospitality Corporation (the “Company”), and MeriStar Hospitality Operating Partnership, L.P. (the “Partnership”), and Jerome J. Kraisinger (the “Executive”), is
hereby entered into on this 3rd day of March 2005 by and among the parties. 
  
 For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the Executive, the Company, and the Partnership, the parties each agree to amend the Employment Agreement as follows: 
  
 1. Section 5(k) of the Employment Agreement is hereby deleted and replaced, in its entirety, by the following:  
  
 Excise Tax Payments. 
  
 (i) Gross-Up Payment. If it shall be determined that
any payment or distribution of any type to or in respect of the Executive, by the Company, the Partnership, or any other person, whether paid or payable or distributed or distributable pursuant to the terms of the Agreement or otherwise (the
“Total Payments”), is or will be subject to the excise tax imposed by Section 4999 of the Internal Code of 1986, as amended (the “Code”) or any interest or penalties with respect to such excise tax (such excise tax, together with
any such interest and penalties, are collectively referred to as the “Excise Tax”), then the Executive shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the
Executive of all taxes (including any interest or penalties imposed with respect to such taxes) imposed upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Total Payments.

  
 (ii) Determination by Accountant. 
  
 (A) All computations and determinations relevant to this
Section 5(k) shall be made by a national accounting firm selected by the Company from among the five (5) largest accounting firms in the United States (the “Accounting Firm”) which firm may be the Company’s accountants. Such
determinations shall include whether any of the Total Payments are “parachute payments” (within the meaning of Section 280G of the Code). In making the initial determination hereunder as to whether a Gross-Up Payment is required the
Accounting Firm shall determine that no Gross-Up Payment is required, if the Accounting Firm is able to conclude that no “Change of Control” has occurred (within the meaning of Section 280G of the Code) on the basis of “substantial
authority” (within the meaning of Section 6230 of the Code) and shall provide opinions to that effect to both the Company and the Executive. If the Accounting Firm determines that a Gross-Up Payment is required, the Accounting Firm shall

 
provide its determination (the “Determination”), together with detailed supporting calculations regarding the amount of any Gross-Up Payment and
any other relevant matter both to the Company and the Executive by no later than ten (10) days following the Termination Date, if applicable, or such earlier time as is requested by the Company or the Executive (if the Executive reasonably believes
that any of the Total Payments may be subject to the Excise Tax). If the Accounting Firm determines that no Excise Tax is payable by the Executive, it shall furnish the Executive and the Company with a written statement that such Accounting Firm has
concluded that no Excise Tax is payable (including the reasons therefor) and that the Executive has substantial authority not to report any Excise Tax on his federal income tax return. 
  
 (B) If a Gross-Up Payment is determined to be payable, it shall be paid to the Executive within twenty (20)
days after the later of (i) the Determination (and all accompanying calculations and other material supporting the Determination) is delivered to the Company by the Accounting Firm or (ii) the date of the event which leads to the Gross-up Payment.
Any determination by the Accounting Firm shall be binding upon the Company and the Executive, absent manifest error. 
  
 (C) As a result of uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting
Firm hereunder, it is possible that Gross-Up Payments not made by the Company should have been made (“Underpayment”), or that Gross-Up Payments will have been made by the Company which should not have been made (“Overpayments”).
In either such event, the Accounting Firm shall determine the amount of the Underpayment or Overpayment that has occurred. In the case of an Underpayment, the amount of such Underpayment (together with any interest and penalties payable by the
Executive as a result of such Underpayment) shall be promptly paid by the Company to or for the benefit of the Executive. 
  
 (D) In the case of an Overpayment, the Executive shall, at the direction and expense of the Company, take such steps as are reasonably
necessary (including the filing of returns and claims for refund), follow reasonable instructions from, and procedures established by, the Company, and otherwise reasonably cooperate with the Company to correct such Overpayment, provided, however,
that (i) the Executive shall not in any event be obligated to return to the Company an amount greater than the net after-tax portion of the Overpayment that he has retained or has recovered as a refund from the applicable taxing authorities and (ii)
this provision shall be interpreted in a manner consistent with the intent of Section 5(k)(i), which is to make the Executive whole, on an after-tax basis, from the application of the Excise Taxes, it being acknowledged and understood that the
correction of an Overpayment may result in the Executive repaying to the Company an amount which is less than the Overpayment. 
  

 2 

 (E) The Executive shall notify the Company in writing of any claim by the Internal
Revenue Service relating to the possible application of the Excise Tax under Section 4999 of the Code to any of the payments and amounts referred to herein and shall afford the Company, at its expense, the opportunity to control the defense of such
claim. 
  
 2. Any conflict between the terms and conditions of
this Amendment and the Employment Agreement shall be resolved in favor of this Amendment. 
  
 3. Other than as modified herein, all the terms and provisions of the Employment Agreement shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to Executive Employment Agreement. 
  

							
	 EXECUTIVE:
	 	MERISTAR HOSPITALITY CORPORATION
				
	 By:
	 	 /s/ Jerome J. Kraisinger

	 	By:	 	 /s/ Paul W. Whetsell

	 	 	Jerome J. Kraisinger	 	Name:	 	Paul W. Whetsell
	 	 	 	 	Title:	 	Chairman and Chief Executive Officer
			
	 	 	 	 	MERISTAR HOSPITALITY OPERATING PARTNERSHIP, L.P.
				
	 	 	 	 	 By:
	 	MeriStar Hospitality Corporation, its general partner
				
	 	 	 	 	 By:
	 	 /s/ Paul W. Whetsell

	 	 	 	 	 Name:
	 	Paul W. Whetsell
	 	 	 	 	 Title:
	 	Chairman and Chief Executive Officer

  

 3LTI Stock Option and Restricted Stock Unit Plan

 Exhibit 10.18 
  
 FORM OF 
 BAXTER INTERNATIONAL INC.

 LTI Stock Option and Restricted Stock Unit Plan 
  

	1.	 	Purpose 

  
 This Stock Option and Restricted Stock Unit Plan (the “Plan”) is adopted by the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Baxter International
Inc. 
  

	2.	 	Participants 

  
 Participants in this Plan (a “Participant”) shall be employees of Baxter International Inc. or its subsidiaries (the “Company”) who have been selected by the Committee and to whom the Committee
makes awards of Stock Options (an “Option”) and Restricted Stock Units under this Plan. 
  

	3.	 	Awards 

  
 Each Option and Restricted Stock Unit shall be granted pursuant to and for the purposes stated in the Baxter International Inc. 1998 Incentive Compensation Program or 2000 Incentive Compensation Program or 2001
Incentive Compensation Program or 2003 Incentive Compensation Program (the “Program”), as specified by the Committee. The purchase price for each share of Common Stock (as defined in the Program “Common Stock”) subject to an
Option shall be the Fair Market Value of a share of Common Stock on the date that the Option is awarded (the “Grant Date”); provided, however, that for employees of the Company’s subsidiaries in Italy the purchase price will be the
greater of the “Normal Value” or the “Fair Market Value” on the Grant Date. The “Normal Value” is defined as the arithmetic average of the share price of Common Stock in the month preceding the Grant Date. The terms of
each Option and Restricted Stock Unit will be as set forth in these terms and conditions. To the extent that any of the terms and conditions contained in this Plan are inconsistent with the terms of the applicable Program, the terms of the
applicable Program shall govern. Unless otherwise indicated, terms defined in the applicable Program shall have the same meaning in these terms and conditions. The Option is not intended to qualify as an Incentive Stock Option within the meaning of
section 422 of the United States Internal Revenue Code, as amended (the “Code”). The Company has not selected any country as its home member state under the European Union Directive 2003/71/EC, and the grant of Options pursuant to this
Plan is simultaneous. 
  

	4.	 	Options 

  

	4.1	 	 Subject to Section 11.10 of the applicable Program, Options shall first become exercisable on the third anniversary of the Grant Date. After an Option
becomes exercisable and until it expires, it may be exercised in whole or in part, in the manner specified by the Company. Under no circumstances may an Option be 

 
exercised after it has expired. Shares of Common Stock may be used to pay the purchase price for shares of Common Stock to be acquired upon exercise of an
Option or fulfill any tax withholding obligation, subject to any requirements or restrictions specified by the Company. 
  

	4.2	 	Except as otherwise set forth in Sections 4.3 and 4.4 and the following sentence, if a Participant’s employment with the Company terminates before his or her Option
becomes exercisable, the Option will expire when the Participant’s employment with the Company terminates. If a Participant is rehired by the Company within 90 days of termination, the Participant shall be construed to have been continuously
employed by the Company for purposes of vesting and exercise. 

  

	4.3	 	If the employment with the Company of a Participant who is at least 50 years of age and has completed 15 or more years of employment with the Company is terminated (other
than by reason of his or her death or disability) before his or her Option becomes exercisable, the Option will continue to become exercisable for one year from the date on which employment with the Company is terminated. Subject to Section 4.8, the
Option will expire on the fifth anniversary of the termination date. 

  

	4.4	 	If the employment with the Company of a Participant is terminated due to death or disability more than one year after the date on which the Option is granted, but before his
or her Option becomes exercisable, the Option will immediately become exercisable and, subject to Section 4.8, the Option will expire on the first anniversary of the date that it becomes exercisable. 

  

	4.5	 	Except as otherwise set forth in Sections 4.6 and 4.7, if a Participant’s employment with the Company terminates after his or her Option becomes exercisable, the Option
will not expire immediately but will remain exercisable. Subject to Section 4.8, the Option will expire three months after the Participant’s employment with the Company terminates. If the participant dies or becomes disabled during the
three-month period, the option will expire on the first anniversary of the termination date. 

  

	4.6	 	If the employment with the Company of a Participant who is at least 50 years of age and has completed 15 or more years of employment with the Company is terminated (other
than by reason of his or her death or disability) after his or her Option becomes exercisable, the Option will not expire immediately but will remain exercisable. Subject to Section 4.8, the Option will expire on the fifth anniversary of the
termination date. 

  

	4.7	 	If the employment with the Company of a Participant is terminated due to death or disability after his or her Option becomes exercisable, the Option will not expire
immediately but will remain exercisable. Subject to Section 4.8, the Option will expire on the first anniversary of the date of death or disability of the Participant. 

  

	4.8	 	 Options that have not previously expired will expire at the close of business on the tenth anniversary of the Grant Date; provided, however, that Options
granted to employees residing in Switzerland on the Grant Date shall expire on the eleventh anniversary of the Grant Date. If an Option would expire on a date that 

 
is not a business day, it will expire at the close of business on the last business day preceding that date. A business day is any day on which the Common
Stock is traded on the New York Stock Exchange. 
  

	4.9	 	An exercisable Option may only be exercised by the Participant, his or her legal representative, or a person to whom the Participant’s rights in the Option are
transferred by will or the laws of descent and distribution. 

  

	4.10	 	A transfer of employment among Baxter and its subsidiaries will not constitute a termination of employment within the meaning of the Plan. 

  

	4.11	 	A transfer of employment to a company that assumes an Option or issues a substitute option in a transaction to which Section 424 of the Code applies will not constitute a
termination of employment within the meaning of the Plan. 

  

	4.12	 	Except to the extent that it would cause the Option to be subject to Section 409(A) of the Internal Revenue Code, the Committee may, in its sole discretion and without
receiving permission from any Participant, substitute stock appreciation rights (“SARs”) for any or all outstanding Options. Upon the grant of substitute SARs, the related Options replaced by the substitute SARs shall be cancelled. The
grant price of the substitute SAR shall be equal to the Option Price of the related Option, the term of the substitute SAR shall not exceed the term of the related Option, and the terms and conditions applicable to the substitute SAR shall otherwise
be substantially the same as those applicable to the related Option replaced by the substitute SAR. 

  

	5.	 	Restricted Stock Units 

  

	5.1	 	Subject to Section 11.10 of the applicable Program, the Restricted Stock Unit is subject to being earned and vested in accordance with the following vesting dates (as
applicable, the “Vesting Date”): 

  

	 	•	 	One-third of the total number of units (rounded) on the first anniversary of the Grant Date 

  

	 	•	 	One-third of the total number of units (rounded) on the second anniversary of the Grant Date 

  

	 	•	 	The remaining number of units on the third anniversary of the Grant Date 

  
 The Company shall deliver to a Participant, not later than 2 1⁄2 months following the applicable Vesting Date, one share of Common Stock for each
Restricted Stock Unit that vests. 
  

	5.2	 	Except as otherwise set forth in Sections 5.3 and 5.4 and the following sentence, if a Participant’s employment with the Company terminates before the Vesting Date, any
unvested Restricted Stock Units shall be forfeited on the effective date of termination. If the Company rehires a Participant within 90 days of termination, the Participant shall be construed to have been continuously employed by the Company for
purposes of vesting. 

	5.3	 	If the employment with the Company of a Participant who is at least 50 years of age and has completed 15 or more years of employment with the Company is terminated (other
than by reason of his or her death or disability), the Restricted Stock Unit will continue to become vested for one year from the date on which employment with the Company is terminated. 

  

	5.4	 	If the employment with the Company of a Participant is terminated due to death or disability, all Restricted Stock Units shall vest on the effective date of the termination.

  

	5.5	 	The Restricted Stock Unit shall not be transferable and may not be sold, assigned, pledged, hypothecated or otherwise encumbered. 

  

	5.6	 	A transfer of employment between Baxter and its subsidiaries will not constitute a termination of employment within the meaning of the Plan. 

  

	6.	 	Ownership and Dividends 

  

	6.1	 	During the restriction period in which the Restricted Stock Unit is subject to forfeiture and restrictions on transfer as set forth above, the Participant shall not be treated as a
shareholder as to those shares of Common Stock underlying the Restricted Stock Unit and shall only have a contractual right to receive them upon vesting, unsecured by any assets of the Company. The Participant shall not be permitted to vote the
Restricted Stock Units. The Participant shall be permitted to receive cash payments equal to the dividends and distributions paid on shares of stock to the same extent as if each Restricted Stock Unit was a share of stock, and those shares were not
subject to the restrictions imposed by this Plan; provided, however, that no dividends or distributions shall be payable to or for the benefit of the Participant with respect to the record dates for such dividends or distributions occurring on or
after the date, if any, on which the Participant has forfeited the Restricted Stock Units. 

  

	7.	 	Amendment 

  

	7.1	 	Subject to the limitations contained in Section 11.9 of the applicable Program, the Board or the Committee may, at any time and in any manner, amend, suspend, or terminate
the Plan or any outstanding Options or Restricted Stock Units under the Plan.

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