Document:

Exhibit 10.13

 

Exhibit 10.13

Mylan
Laboratories Inc.

Arrangements
for Director Compensation

In Effect as of
February 9, 2005

In accordance with guidance
provided by the staff of the Division of Corporation Finance of the Securities
and Exchange Commission (the “SEC”) in late November 2004, Mylan
Laboratories Inc. (the “Company”) is providing a written description
of the oral compensation arrangements that the Company currently has with its
Board of Directors (“Board”), which the SEC may deem to be material
definitive agreements with the directors.

Effective as of July 30,
2004, non-employee directors receive $50,000 per year in cash compensation for
their service on the Board. Prior to July 30, 2004, the annual retainer paid to
such persons was $36,000, as disclosed in the Company’s Proxy Statement for
its 2004 Annual Meeting of Shareholders (the “2004 Proxy Statement”).
In addition, Milan Puskar receives an additional $200,000 per year for his
service as Chairman (as disclosed in the 2004 Proxy Statement). Non-employee
directors are also reimbursed for actual expenses relating to meeting attendance
and, at the discretion of the full Board, are eligible to receive stock options
or other awards under the Company’s 2003 Long-Term Incentive Plan (each as
disclosed in the 2004 Proxy Statement). In July 2004, an immediately-exercisable
option to purchase 10,000 shares of common stock, at an exercise price of $14.82
per share, was awarded to each of the non-employee directors, as reported in the
applicable Statements of Changes in Beneficial Ownership on Form 4 filed with
the SEC. Directors who are also employees of the Company do not receive any
consideration for their service on the Board.

On February 9, 2005, the Board approved the following arrangements:

	•	
Effective February 10, 2005, non-employee directors (other than Mr. Puskar) will
receive fees for each Board meeting they attend (other than any Board meeting held primarily
to consider board compensation matters). The fee is $1,500 for each meeting
attended in person and $1,000 for each meeting attended by phone.

	•	
Effective February 10, 2005, non-employee directors will receive fees for each
Board Committee meeting they attend (other than: (i) Committee meetings held in
conjunction with Board meetings; (ii) any Committee meetings held primarily to
consider board compensation matters; and (iii) meetings of the Finance Committee
or of the Executive Committee). The fee is $750 for each meeting attended in
person and $500 for each meeting attended by phone.

	•	
Effective January 1, 2005, the Chairperson of the Audit Committee will receive
an additional fee of $10,000 per year.

	•	
Effective January 1, 2005, the Chairpersons of the Compensation Committee, the
Governance and Nominating Committee, and the Compliance Committee each will
receive an additional fee of $5,000 per year.exv10w1

 

Exhibit 10.1

AMENDMENT TO THE

CAPSTONE TURBINE CORPORATION

AMENDED AND RESTATED 2000 EQUITY INCENTIVE PLAN

     THIS AMENDMENT to the Capstone Turbine Corporation Amended and Restated 2000 Equity Incentive
Plan (the “Plan”) is made by Capstone Turbine Corporation (the “Company”) on this ___day of
February, 2005.

RECITALS:

     WHEREAS, the Company established the Plan as an equity incentive plan and, pursuant to
authorization of the Company’s shareholders, completely amended and restated the Plan effective
September 10, 2004; and

     WHEREAS, the Company has undertaken a review of its compensation arrangements and, upon advice
of counsel, desires to conform the terms of the Plan with regard to a change in control of the
Company with the other severance and compensation arrangements maintained by the Company;

     NOW, THEREFORE, pursuant to authorization of the Company’s board of directors, the Plan is
hereby amended as follows effective January 31, 2005:

	1.  	Section 2(a) of the Plan is restated as follows:

          (a) “Acquisition” means, unless specified otherwise in an Agreement,

          (i) the successful acquisition by a person or related group of persons, (other than the
Company or a person that directly or indirectly controls, is controlled by or is under
common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3
of the Exchange Act) of securities possessing more than 50% of the total combined voting
power of the Company’s outstanding securities pursuant to a transaction or series of related
transactions which the Board does not at any time recommend the Company’s stockholders to
accept or approve;

          (ii) the first date within any period of 12 consecutive months or less on which there
is effected a change in the composition of the Board such that a majority of the Board
ceases, by reason of one or more contested elections for Board membership, to be comprised
of individuals who either (A) have been members of the Company’s Board continuously since
the beginning of such period or (B) have been elected or nominated for election as Board
members during such period by at least a majority of the Board members described in clause
(A) who were still in office at the time such election or nomination was approved by the
Board;

          (iii) a merger or consolidation in which the Company is not the surviving entity,
except for a transaction the principal purpose of which is to change the state in which the
Company is incorporated;

 

 

          (iv) the sale, transfer or other disposition of all or substantially all of the assets
of the Company in complete liquidation or dissolution of the Company;

          (v) any reverse merger in which the Company is the surviving entity but in which
securities possessing more than 50% of the total combined voting power of the Company’s
outstanding securities are transferred to a person or persons different from the persons
holding those securities immediately prior to such merger; or

          (vi) the issuance by the Company to a single person or related group of persons (other
than the Company or a person that directly or indirectly controls, is controlled by or is
under common control with, the Company) of securities possessing more than 50% of the total
combined voting power of the Company’s outstanding securities (determined after such
issuance) in a single transaction or a series of related transactions.

	2.  	Section 2(e) is restated as follows:

     (e) “Cause” means the commission of any act of fraud, embezzlement, theft or
dishonesty by a Holder, any unauthorized use or disclosure by a Holder of confidential information
or trade secrets of the Company (or any parent or subsidiary thereof), or any other intentional
misconduct by a Holder adversely affecting the business or affairs of the Company (or any parent or
subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of
all the acts or omissions which the Company (or any parent or subsidiary) may consider as grounds
for the dismissal or discharge of any Holder.

	3.  	Section 15(e) is restated as follows:

     (e) In the event the Company undergoes an Acquisition and any surviving corporation or entity
or acquiring corporation or entity, or affiliate of such corporation or entity, does assume any
Options, Stock Purchase Rights or Restricted Stock outstanding under the Plan (or substitutes
similar stock awards, including an award to acquire the same consideration paid to the stockholders
in the transaction described in this subsection 15(e), for those outstanding under the Plan), then,
with respect to each stock award held by participants in the Plan then performing services as
Employees or Directors, the vesting of each such stock award (and, if applicable, the time during
which such stock award may be exercised) shall be accelerated and such stock award shall
immediately become fully vested and exercisable, if any of the following events occurs within 12
months after the effective date of the Acquisition:

          (i) the Employee status or Director status, as applicable, of the participant holding such
stock award is terminated by the Company without Cause; or

          (ii) the Employee holding such stock award terminates his or her Employee status following (A)
a change in position with the Company or any reduction in his or her level of responsibility; (B)
any reduction in his or her level of compensation (including base salary, fringe benefits,
participation in any plans and target bonuses under any corporate-performance based bonus or
incentive programs); or (C) a relocation of the place of employment of the Employee by more than 50
miles; provided and only if such change, reduction or relocation is effected without such
individual’s consent.

2

 

     IN WITNESS WHEREOF, the undersigned officer of the Company has executed this First Amendment
to the Plan pursuant to authorization from the Company on the date first written above.

	 	 	 	 	 
	 	 	CAPSTONE TURBINE CORPORATION
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Its:	 	 
	

	 	 	 	 

3exv10w2

 

Exhibit 10.2

AMENDMENT TO THE

CAPSTONE TURBINE CORPORATION

RESTRICTED STOCK PURCHASE AGREEMENT

     THIS AMENDMENT to the Agreement for the purchase of stock between Capstone Turbine Corporation
(the “Company”) and John Tucker (“Purchaser”), dated August 4, 2003, is made on this ___day of
February, 2005.

RECITALS:

     WHEREAS, the Company granted to Purchaser on August 4, 2003 an award of its common stock
subject to the terms and restrictions stated in the Agreement, including terms for the payment of a
purchase for such common stock; and

     WHEREAS, the Company and Purchaser desire to clarify and correct the terms that are stated in
the Agreement for vesting of the restricted stock shares subject thereto in the event of a change
in control of the Company;

     NOW, THEREFORE, the Agreement is hereby amended by restating Section 4 in the manner set forth
below, as authorized by the board of directors of the Company to be effective January 31, 2005:

     4. VESTING.

     The Shares shall vest and be released from the Company’s Repurchase Option (as hereinafter
defined) in accordance with the following provisions:

     (a) 25% of the Shares (rounded down to the next whole number of shares) shall vest one year
after the “Vesting Commencement Date” (as defined below), and 1/48th of the Shares (rounded down to
the next whole number of shares) shall vest each month thereafter on the date corresponding to the
Vesting Commencement Date, so that all of the Shares shall be vested on the 48th month anniversary
of the Vesting Commencement Date, subject to, with respect to each vesting date, Purchaser
continuing to be either an Employee or a Consultant of the Company on such vesting date.

     (b) Vesting under this Section shall cease in the event that Purchaser ceases to be either an
Employee or a Consultant; provided, however, that if Purchaser is terminated by the Company other
than for Cause (as such term is defined in the Company’s Amended and Restated 2000 Equity Incentive
Plan) prior to the one-year anniversary of the Vesting Commencement Date, 1/48th of the
Shares (rounded down to the next whole number of shares) shall be deemed to have vested on the
one-month anniversary of the Vesting Commencement Date and on each monthly anniversary thereafter
until the date of such termination. At such times, the repurchase provisions of Section 5 hereof
shall apply to all Shares that are Unvested Shares as of the date of such termination.

 

 

     (c) The Vesting Commencement Date shall be August 1, 2003.

     (d) Notwithstanding anything herein to the contrary, in the event of an “Acquisition” of the
Company, as defined in the Capstone Turbine Corporation Amended and Restated 2000 Equity Incentive
Plan, the vesting of the Shares shall be governed by the terms of such plan relating to an
Acquisition.

     IN WITNESS WHEREOF, the undersigned officer of the Company has executed this Amendment
pursuant to authorization from the Company and the Purchaser has set his hand hereto on the date
first written above.

	 	 	 	 	 
	 	 	CAPSTONE TURBINE CORPORATION
	 
	 	 	 	 
	 
	 	 	 	 
	

	 	By:	 	 
	 

	 	 	 	 
	John Tucker
	 	 	 	 
	 
	 	 	 	 
	

	 	Its:	 	 
	

	 	 	 	 

2

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