Document:

KLAC 10Q EX 10.41 093012

Exhibit 10.41

NOTE: Portions of this Exhibit are the subject of a Confidential Treatment Request by KLA-Tencor Corporation to the Securities and Exchange Commission (the “SEC”). Such portions have been redacted and are marked with a “**” in place of the redacted language. The redacted information has been filed separately with the SEC.

FY13 EXECUTIVE INCENTIVE PLAN
(Annual Executive Bonus)

Plan Summary
This KLA-Tencor Executive Incentive Plan (this “Plan”) is intended to motivate senior executives to achieve short-term and long-term corporate objectives by providing a competitive bonus for target performance and potential upside for outstanding performance.  

Plan Period
This Plan is effective for the fiscal year period from July 1, 2012 through June 30, 2013 (the “Plan Period”).  Newly eligible employees (e.g., employees promoted to an incentive-eligible position for the first time or a new hire) must be in an eligible position on or before April 1, 2013 and recorded in the HR system in order to qualify for participation in this fiscal year.

Eligible Positions
The Company's Chief Executive Officer (“CEO”) and employees holding a position at the X02 level and above (collectively, with the CEO, “Executives”) are eligible to participate in the Plan.

Program Payments
Bonus payments, based on performance during the Plan Period, will be paid within 90 days following June 30, 2013.  Bonus calculations are based on paid base salary for the applicable Plan Period.  Paid base salary includes base salary and seasonal bonuses paid in some countries if the seasonal bonus is considered a component of the employee's annual salary.  Paid base salary does not include relocation allowances and reimbursements, tuition reimbursements, car/transportation allowances, expatriate allowances, commissions, long-term disability payments, or bonuses paid during the fiscal year.  A participant must be a regular, active employee of the Company on the date of the payout in order to receive payment.  Employees who are promoted or hired into an eligible position during the year (on or before April 1) will have their payouts calculated on paid salary from the effective date of the promotion or hire. If an employee's target bonus changes during the year, the payout will be prorated.

Target Bonus
A target bonus is established as a percent of base salary for each Plan participant.

Effective July 1, 2012

Funding Threshold
Total available funding for the Plan will be determined by performance against a threshold level as measured by Balanced Scorecard and Operating Margin percentage (“OM”)* performance for the fiscal year.  The Plan will be fully funded (equivalent to the sum, for all Plan participants in the aggregate, of 3.00 times the product of each Plan participant's target bonus percentage and base salary during the Plan Period) upon achievement of Operating Margin Performance of **%.  This performance threshold constitutes the performance threshold for purposes of Section 162(m) of the Internal Revenue Code (“Section 162(m)”).  This fully funded amount represents the maximum bonus opportunity for all Plan participants in the aggregate and the maximum total cost of the Plan.

Performance Matrix and Determination of Funding Available for Bonus Payments
The level of funding available for payment to participating Executives will be based on performance as measured against the Corporate Balanced Scorecard and OM performance, as provided in the table (“Final FY13 Executive Bonus Payout Table”) below.  Amounts in the table represent the multiple of each participating Executive's target bonus available for allocation of bonus payments, subject to any positive or negative adjustment based on such Executive's IPM (as defined below).
	
												
	FY13 Executive Bonus Payout Table

	Balanced Scorecard Performance
	Operating Margin Performance

	<**
	**
	**
	**
	**
	**
	**
	**
	**
	**

	Exceptional
	5
	—%
	25%
	38%
	50%
	100%
	113%
	119%
	125%
	188%
	375%

	 
	4+
	—%
	22%
	33%
	44%
	88%
	99%
	105%
	110%
	165%
	330%

	 
	4
	—%
	20%
	30%
	40%
	80%
	90%
	95%
	100%
	150%
	300%

	 
	3+
	—%
	18%
	27%
	36%
	72%
	81%
	86%
	90%
	135%
	270%

	Primarily Meets Expectations
	3
	—%
	16%
	24%
	32%
	64%
	72%
	76%
	80%
	120%
	240%

	 
	3-
	—%
	14%
	21%
	28%
	56%
	63%
	67%
	70%
	105%
	210%

	 
	2+
	—%
	12%
	18%
	24%
	48%
	54%
	57%
	60%
	90%
	180%

	 
	2
	—%
	10%
	15%
	20%
	40%
	45%
	48%
	50%
	75%
	150%

	 
	1+
	—%
	8%
	12%
	16%
	32%
	36%
	38%
	40%
	60%
	120%

	Opportunity for Improvement
	1
	—%
	6%
	9%
	12%
	24%
	27%
	29%
	30%
	45%
	90%

	 
	 
	Represents target level of performance
	 
	 
	 

	 
	% of Plan
	**
	**
	**
	**
	**
	**
	**
	**
	**
	**

	 
	Multiple cannot exceed 300% regardless of performance 
	 
	 

Individual Performance and Determination of Executive Bonus Payments
The actual bonus payment amount for each individual Executive (other than the CEO) will be based on the CEO's assessment of the Executive's performance for the year and determination of an Individual Performance Multiplier (“IPM”) ranging from 80-120%.  The IPM is multiplied by the Executive's target bonus and the multiple achieved from the Performance Matrix above to determine the actual bonus payment amount (see bonus calculation below).  Each Executive's performance will be evaluated based on how effectively they led their organization as demonstrated against the key Balanced Scorecard measures and objectives for the Executive's respective organization.  The IPM and final bonus payments for each Plan participant who is an executive officer of the Company for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, with the exception of the CEO, will be recommended by the CEO and reviewed and approved by the Compensation Committee.  The IPM and final bonus payment for the CEO will be determined and approved by the Company's Board of Directors. 

____________________________
** This information has been omitted pursuant to a request for confidential treatment and has been filed separately with the SEC.

Effective July 1, 2012

Bonus Calculation
The formula for a participant's bonus calculation is:

Participant's paid base salary for the Plan Period
x Participant's target bonus percentage
x Payout multiple from the Executive Bonus Payout Table
x Participant's Individual Performance Multiplier (IPM)

In no event can an individual bonus payment to a participant exceed 3.00 times such participant's target bonus (i.e., 3.00 times the product of (a) the participant's paid base salary for the Plan Period times (b) the Participant's target bonus percentage).

General Provisions
The Compensation Committee (or the independent members of the Company's Board of Directors, within the meaning set forth in Section 162(m) (the “Independent Directors”)) shall be the Plan Administrator.  The Compensation Committee (or the Independent Directors) shall make such rules, regulations, interpretations and computations and shall take such other action to administer the Plan as it may deem appropriate.  The establishment of the Plan shall not confer any legal rights upon any employee or other person for a continuation of employment, nor shall it interfere with the rights of the Company to discharge any employee and to treat him or her without regard to the effect which that treatment might have upon him or her as a participant in the Plan.

This Plan shall be construed, administered and enforced by the Compensation Committee (or the Independent Directors), in its sole discretion.  The laws of the State of California will govern any legal dispute involving the Plan.  The Compensation Committee (or the Independent Directors) may at any time alter, amend or terminate the Plan, subject to the requirements of Section 162(m).

This Plan is adopted pursuant to the KLA-Tencor Performance Bonus Plan and sets forth the terms and conditions for the fiscal year 2013 annual incentive program. 

*  References in this Plan to Operating Margin refer to the Company's calculation of non-GAAP Operating Margin

Effective July 1, 2012CA-EX10.1_2012.9.30-Q2

Exhibit 10.1

CA, Inc. 

Description of Amended Financial Planning Benefit 

 Effective August 1, 2012, the Compensation and Human Resources Committee (the “Compensation Committee”) of the Board of Directors of CA, Inc. (the “Company”) amended the Company’s financial planning benefit available to certain executive officers of the Company, which was originally approved by the Compensation Committee effective January 1, 2010. A third-party service provider retained by the Company will continue to provide the following services to certain executive officers of the Company:  
 
		
	1.
	Tax planning and tax preparation;

		
	2.
	Estate planning;

		
	3.
	Investment planning;

		
	4.
	Insurance planning;

		
	5.
	Retirement planning; and

		
	6.
	Compensation and benefit planning.

In addition, the amended financial planning benefit now provides that certain executive officers who are non-U.S. residents may be reimbursed for comparable services obtained through their own financial advisors. The annual cost to the Company for each executive officer participating in this benefit continues to be approximately $18,000 plus reimbursement to the third-party service provider for certain incidental expenses.Assignment and Assumption Agreement

  Exhibit 10.4
 ASSIGNMENT AND ASSUMPTION AGREEMENT
 This Assignment and Assumption Agreement (the “Agreement”) is made as of October 22, 2012 (the “Effective Date”), by and between Real Estate Associates Limited IV, a California limited partnership (“Assignor”); Terrace House, LLC a Connecticut limited liability company (“Terrace House”); W. Matthew Harp as executor for the Estate of Wendell C. Harp (the “Estate”); W. Matthew Harp, an individual (“Harp”); and John D. Prete, an individual (“Prete”), each a “Party“ and, as the context requires, any two or more, collectively, “Parties”), with reference to the following:
 A.         The Branford Group Limited Partnership (the “Partnership”) was formed as a limited partnership under the laws of the State of Connecticut and is being governed pursuant to an Agreement and Certificate of Limited Partnership, dated as of February 25, 1982 (the “Partnership Agreement”).
 B.         Prete is the surviving sole operating general partner of the Partnership and Assignor is the limited partner of the Partnership.
 C.        Wendell C. Harp, who is now deceased, was a co-operating general partner of the Partnership, and upon his death, his general partnership interest was converted to a special limited partner interest.
 D.        Assignor has agreed to assign all of its limited partnership interest in the Partnership to Terrace House and to the “Operating General Partner,” as defined herein, and withdraw from the Partnership, Terrace House has agreed to acquire such limited partnership interest of Assignor and the Operating General Partner has consented to such assignment and assumption, all pursuant to the terms of this Agreement.
 E.         The Parties hereto have agreed to admit Harp as a co-operating general partner in exchange for consideration set forth herein.  
 F.         Harp and Prete shall collectively be referred to as the “Operating General Partner”.
 NOW THEREFORE, in consideration of the mutual promises and for such other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
 1.            Assignment and Assumption.
 1.1          Effective as of the “Closing” (as hereinafter defined):
 (a)          Assignor hereby assigns to Terrace House 2% of Assignor’s interest in the Partnership, 49% of Assignor’s interest in the Partnership to John D. Prete and 49% of the Assignor’s interest in the Partnership to W. Matthew Harp, as the executor of the estate of Wendell C. Harp, including, without limitation, all Profits and Losses, Cash From Operations, Net Refinancing Cash, Cash from Disposition or Partial Disposition and other Partnership distributions, other Partnership funds and assets, and any reimbursements of expenses, repayments of any loans made by the Withdrawing Limited Partner or any Affiliate to the Partnership (collectively, the “Interest”), and
 (b)          Terrace House and the Operating General Partner, jointly and severally, assume and agree to perform all of the obligations of Assignor under the Partnership Agreement.
 1.2          In consideration of Assignor’s assignment of the Interest, at the Closing Terrace House shall pay to Assignor an amount (the “Payment”) equal to $1,530,000.00 payable in cash and Harp shall pay to Assignor $1.00. Assignor covenants and agrees that such sums shall be received in full satisfaction of all obligations and liabilities due Assignor in connection with or in any manner arising out of the Partnership, the Project or any other assets owned by the Partnership.
 2.            Closing.
 2.1          The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur no later than  October 31, 2012 (the “Closing Date”).
 2.2          At the Closing:
 (a)          As provided in Section 1.2, Terrace House shall pay the Payment; and
 (b)          Assignor, Terrace House, and the Operating General Partner shall execute and exchange countersigned counterparts of the First Amendment to Amended and Restated Agreement of Limited Partnership of the Partnership in the form attached hereto as Exhibit A (the “Amendment”).
 3.            Conditions to Closing.
 3.1         Each of the Parties acknowledges that the consents of the Governmental Agencies to the transfer of the Interest, as contemplated by this Agreement is  required. Terrace House and the Operating General Partner shall use commercially reasonable efforts to obtain the same, and Assignor, at no cost, expense or liability to it, will cooperate to provide the Authority with such information and executed documents which the Authority may reasonably require in order to evaluate such transfer and it shall be a condition precedent to Closing that the Authority’s consent is received prior to Closing. Terrace House, on the one hand, and Assignor, on the other, shall each provide the other with copies of any correspondence from the Authority that it receives in connection with their review of the proposed transfer of the Interest.
 3.2         It shall be a condition precedent to Closing that all representations, warranties set forth herein shall be true and correct in all material respects, and all covenants set forth herein shall have been fully complied with in all material respects as of the Closing.
 3.3         Notwithstanding anything to the contrary contained or implied in this Agreement, there are no other conditions to the obligation of the Parties to close the transaction contemplated by this Agreement except as expressly set forth in this Section 3.
 3.4         If on or before Closing any condition set forth in Section 3.1 or 3.2 has not been satisfied, this Agreement shall terminate and be of no further force or effect.
 4.            Representations, Warranties and Covenants.
 4.1          As a material inducement to Terrace House and the Operating General Partner entering into this Agreement, Assignor hereby represents and warrants to Terrace House the following are true and correct as of the Effective Date, shall be true and correct as of the Closing Date, and shall survive the Closing and the withdrawal of Assignor from the Partnership:
 (a)          Assignor is the owner of the Interest and the Interest is not subject to any lien, pledge or encumbrance of any nature whatsoever and Terrace House and the Operating General Partner shall acquire the same free of any rights or claims thereto by any other party claiming by, through or under Assignor.
 (b)          The execution and delivery of this Agreement by Assignor and the performance of the transactions contemplated herein have been duly authorized by all requisite partnership proceedings and, assuming the due and proper execution and delivery by Terrace House and Operating General Partner, this Assignment is binding upon and enforceable against Assignor in accordance with its terms.
 4.2          As a material inducement to Assignor entering into this Agreement, Terrace House and the Operating General Partner each hereby represents and warrants to Assignor the following are true and correct as of the Effective Date, shall be true and correct as of the Closing Date, and shall survive the Closing and the withdrawal of Assignor from the Partnership:
 (a)          The execution and delivery of this Agreement by Terrace House and the Operating General Partner and the performance of the transactions contemplated herein have been duly authorized by all requisite corporate and partnership proceedings.
 (b)          Assuming the due and proper execution and delivery by Assignor, this Assignment is binding upon and enforceable against Terrace House and the Operating General Partner in accordance with its terms.
 (c)  No proceeding before any federal, state, municipal or other governmental department, commission, board or agency is pending against Terrace House or the Operating General Partner, or, to the knowledge of Terrace House and the Operating General Partner, threatened against Terrace House or the Operating General Partner pursuant to which an unfavorable judgment would restrain, prohibit, invalidate, set aside, rescind, prevent or make unlawful this Agreement or the transactions contemplated hereunder, nor does Terrace House know of any reason to believe any such proceeding will be instituted.
 (d)  Terrace House and the Operating General Partner is each aware of the restrictions on transfer or encumbrance of the Interest under the Partnership Agreement, as well as the transfer restrictions imposed by the Securities Act of 1933, as amended, and applicable state securities laws (the “Securities Laws”).  Terrace House and the Operating General Partner is each able to bear the economic risk of its respective investment in the Interest, is aware that it must hold the Interest for an indefinite period and that the Interest has not been registered under the applicable Securities Laws and may not be sold or otherwise transferred unless permitted by the terms of the Partnership Agreement and the Interest is registered, or an exemption from the registration requirements is available with respect thereto, under the Securities Laws.  Each of Terrace House and the Operating General Partner is acquiring its portion of the Interest for its own account and not with a view to resell, transfer or otherwise dispose thereof.
 (e)          Terrace House is an affiliate of the Operating General Partner and, knows, therefore, at least as much about the Partnership as Assignor. Terrace House is experienced in financial transactions such as ownership of the Interest and understands the business and operations of the Partnership.  Terrace House has had an opportunity to ask questions about and seek information about the Partnership and the Project, and has not relied upon any express or implied representations or warranties from Assignor with regard to the Interest, the Partnership or the Project, except as expressly provided herein.
 (f)           Terrace House covenants to Assignor that on or before Closing, the Partnership will have obtained all necessary consents and approvals for the transactions contemplated by this Agreement, including, but not limited to, the consents, to the extent required, of all holders of all Mortgages and of all Governmental Agencies.
 4.3          Except as expressly provided in this Section 4, no Party has made any other representation or warranty concerning the Interests, the Apartment Complex, the Partnership or any other matter.
 5.            Miscellaneous.
 5.1          All notices, demands, requests and other communications required pursuant to the provisions of this Agreement (“Notice”) shall be in writing and shall be deemed to have been properly given or served for all purposes (i) if sent by Federal Express or any other nationally recognized overnight carrier for next business day delivery, on the first business day following deposit of such Notice with such carrier, (ii) if personally delivered, on the actual date of delivery, (iii) if sent by certified mail, return receipt requested postage prepaid, on the fifth (5th) business day following the date of mailing, or (iv) sent by confirmed facsimile transmission or electronic delivery with an original copy thereof transmitted to the recipient by one of the means described in subsections (i) through (iii) no later than three (3) business days thereafter.  All notices shall be sent to the addressee at its address set forth following its name below: addressed as follows:
 (a)          If to Assignor:
 Aimco
 80 International Drive, Suite 130
 Greenville SC 29615
 Attention: Eric Mathis
 and:
 Aimco
 4582 South Ulster Street Parkway 
 Suite 1100
 Denver, CO  80237
 Attention:  Ken Diamond, Esq.
 Facsimile:  720-200-6882
 with a copy to:
 Law Offices of Peter H. Alpert, Inc.
 601 S. Figueroa Street, Suite 2330
 Los Angeles, CA 90017
 Attention: Peter H. Alpert
 Facsimile: 213-687-1511
 (b)          If to Terrace House or the Operating General Partner, to the intended recipient at:
 W. Matthew Harp
 300 Whaley Avenue
 New Haven, Connecticut 
 Facsimile:                                              
 and:
 John Prete
 300 Wentworth Court
 Naples, Florida 34104
 Facsimile:                                              
 with a copy to: 
 Susman, Duffy & Segaloff, PC 
 Laura M. Sklaver, Esq. 
 59 Elm Street, Fifth Floor 
 New Haven, Connecticut  06510
 Facsimile 203-562-8430
 Any of the Parties may designate a change of address by Notice in writing to the other Parties. Whenever in this Agreement the giving of Notice by mail or otherwise is required, the giving of such Notice may be waived in writing by the person or persons entitled to receive such Notice.
 5.2   If any provision of this Agreement is held to be illegal, invalid, or unenforceable under present or future laws, such provision shall be fully severable. This Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable provision had never comprised a part of this Agreement, and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its severance from this Agreement.
 5.3  This Agreement may be signed in any number of counterparts, each of which shall be an original for all purposes, but all of which taken together shall constitute only one agreement. The production of any executed counterpart of this Agreement shall be sufficient for all purposes without producing or accounting for any other counterpart thereof.
 5.4  This Agreement shall be binding upon and inure to the benefit of the heirs, executors, administrators, legal representatives and permitted successors and assigns of the Parties hereto. This Agreement shall be interpreted in accordance with the laws of the state in which the Project is located.
 5.5  Nothing herein shall be construed to be for the benefit of or enforceable by any third party including, but not limited to any creditor of either Assignor.
 5.6  The Parties shall execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purposes of this Agreement.
 5.7  All article and section titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the text of this Agreement.
 5.8  In the event that any court or arbitration proceedings is brought under or in connection with this Agreement, the prevailing party in such proceeding (whether at trial or on appeal) shall be entitled to recover from the other party all costs, expenses, and reasonable attorneys’ fees incident to any such proceeding. The term “prevailing party” as used herein shall mean the party in whose favor the final judgment or award is entered in any such judicial or arbitration proceeding.
 5.9  This Agreement constitutes the sole agreement of the Parties with respect to the matters herein, all prior oral or written agreements being merged herein. This Agreement may only be modified by a writing signed by all of the Parties hereto and time is of the essence of this Agreement.
 5.10               In interpreting this Agreement it shall be presumed that the Agreement was jointly drafted and no presumption shall arise against any Party in the event of any ambiguity.
 5.11               Whenever herein the singular number is used, the same shall include the plural where appropriate, and words of any gender shall include each other gender where appropriate.
  
  
  
  
  
 [Signatures on following page(s)]

  IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the date set forth above.
 ASSIGNOR:                                                          REAL ESTATE ASSOCIATES LIMITED IV,
 a California limited partnership
 By National Partnership Investments, LLC,
 a California limited liability company,
 its general partner
 By   Bethesda Holdings I, LLC,
 a Delaware limited liability company,
 its member
 By   AIMCO/Bethesda Holdings, Inc.,
 a Delaware corporation,
 its member
 By  /s/John Bezzant
 Name: John Bezzant
 Title: Executive Vice President
 ASSIGNEE:                                                           TERRACE HOUSE, LLC,
 a Connecticut limited liability company
 By  /s/John D. Prete
 Name: John D. Prete
 Title: Partner
 OPERATING GENERAL PARTNER:                  /s/W. Matthew Harp
 W. MATTHEW HARP, as executor for the Estate of Wendell C. Harp
  
 /s/John D. Prete
 JOHN D. PRETE

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