Document:

Deferred Compensation Plan for Directors

Exhibit 10.14 
 
As Amended and Restated January 16, 2003 
 
BURLINGTON NORTHERN SANTA FE CORPORATION 
DEFERRED COMPENSATION PLAN FOR DIRECTORS 
 
Article I 
 
Purpose 
 

	 1.01	  	 The purpose of this Deferred Compensation Plan (Plan) is to attract and retain highly qualified individuals to serve as members of the Company’s Board of
Directors. 

 
Article II

 
Administration 
 

	 2.01	  	 The Plan shall be administered by the Directors and Corporate Governance Committee of the Board of Directors (the “Committee”). The Committee shall
interpret the Plan, prescribe, amend and rescind the rules relating to it from time to time as it deems proper and in the best interests of the Company, and to take any other action necessary for the administration of the Plan. Any decision or
interpretation adopted by the Committee shall be final and conclusive and shall be binding upon all participants. 

 
Article III 
 
Participation 
 

	 3.01	  	 Participation in this Plan is voluntary. Each director of the Company may elect to participate in the Plan by written notice to the Company upon his election to the
Board of Directors. 

 

	 3.02	  	 The election, which shall be irrevocable, shall remain in effect for one year which shall begin on the day of the annual stockholders’ meeting and shall
terminate the day before the succeeding annual stockholders’ meeting. 

 

	 3.03	  	 The election by a director who is elected to the Board at other than an annual stockholders’ meeting shall remain in effect until the next annual
stockholders’ meeting. 

 
Article IV 
 
Compensation 
 

	 4.01	  	 Each Participant may elect to have all or a specified percentage of his Compensation deferred until he ceases to be a director. 

 

	 4.02	  	 “Compensation” shall mean the annual retainer and meeting fees for Board and Board Committee meetings. 

 

	 4.03	  	 The Company shall establish a memorandum account for each Participant who has elected to defer a portion of his Compensation for any year and shall credit such
account for Compensation on the date payment would otherwise have been made. 

 

	 4.04	  	 Interest on investment returns shall be reflected to each member’s account at the end of each quarter and such other periods as may be determined by the
Committee. The rate of return shall be based upon the investment option selected and the return on such investment option. Such investment options shall be established by the Board with such terms and conditions as they may deem appropriate.

 

	 4.05	  	 Distribution of a Participant’s memorandum account shall be as follows: 

 

	  	 (a)	  	 in a lump sum in cash in January of the year following the year in which the Participant ceases to be a director; or 

 

	  	 (b)	  	 if approved by the Committee and irrevocably elected by the Participant no later than the year before the year in which the distribution of the Participant’s
memorandum account would otherwise occur or commence, in a number of equal annual installments, not to exceed ten, commencing in January of the year following the year in which the Participant ceases to be a director. 

 

	 4.06	  	 Interest shall accrue on the outstanding memorandum account balance to the date of distribution. 

 

	 4.07	  	 If a Participant dies or becomes permanently disabled prior to payment of all amounts due under the Plan, the balance of the amount due shall be payable to the
Participant or his Beneficiary, at the discretion of the Committee, in a lump sum as soon as practicable or in some number of equal annual installments, not to exceed ten, commencing in January of the year following the year in which the Participant
died or became permanently disabled. Beneficiary shall mean any individual, trust or other recipient named by a Participant to receive amounts due hereunder upon his death. Subject to the discretion of the Committee, a Participant may designate the
Beneficiary to receive any amounts due hereunder in the event of the Participant’s death, and to change any such designation. Each such designation of a Beneficiary shall be evidenced by a written instrument filed with the Committee and signed
by the Participant. A Beneficiary designation may be revoked or amended only by the completion of a new Beneficiary designation instrument, provided, however, that if a Participant’s spouse is named as such Participant’s Beneficiary, and
the Participant and such spouse are subsequently divorced, then the designation of the spouse made prior to the divorce shall be null and void. In order to designate a former spouse as a Beneficiary, a new Beneficiary designation instrument must be
completed. If no Beneficiary designation is on file with the 

 

Committee at the time of the death of a Participant, or if for any reason such designation
is defective, then the Participant’s estate shall be deemed to be the Beneficiary. 
 

	 4.08	  	 The Committee shall distribute periodic earnings reports to the Participants under the Plan. 

 
Article V. 
 
General Provisions 
 

	 5.01	  	 The deferred compensation to be paid to the Participants pursuant to this Plan is an unfunded obligation of the Company. Nothing herein contained shall require the
Company to segregate any monies from its general funds, or to create any trusts, or to make any special deposits with respect to this obligation. Title to and beneficial ownership of any funds invested or reinvested, including the income or profits
therefrom, which the Company may make to fulfill its obligations under this Plan shall at all times remain in the Company. A Participant’s right to receive the payment of any deferred compensation may not be assigned, transferred, pledged or
encumbered except by will or by the laws of descent or distribution. 

 

	 5.02	  	 The Board of Directors may from time to time amend, suspend or terminate the Plan, in whole or in part, and if the Plan is suspended or terminated, the Board may
reinstate any or all of its provisions.Supplemental Retirement Plan for Charles Schultz

Exhibit 10.30 
 
BURLINGTON NORTHERN SANTA FE CORPORATION 
 
AMENDMENT OF THE BURLINGTON NORTHERN SANTA FE 
SUPPLEMENTAL RETIREMENT PLAN FOR CHARLES L. SCHULTZ 
 
Recommend adoption of the following resolution by the Board of Directors: 
 
AMENDMENT OF THE BURLINGTON NORTHERN SANTA FE 
SUPPLEMENTAL RETIREMENT PLAN FOR CHARLES L. SCHULTZ 
 
WHEREAS, Burlington Northern Santa Fe Corporation (the “Company”) maintains the Burlington Northern Santa Fe Retirement Plan
(the “Plan”) and the Burlington Northern Santa Fe Supplemental Retirement Plan (the “Supplemental Plan”) to provide pension benefits to the salaried employees of the Company and certain of its affiliated companies; 
 
WHEREAS, pursuant to Section 3.1 of the Supplemental Plan, the
Company provides certain supplemental pension benefits as set forth on Schedule A to the Supplemental Plan; 
 
WHEREAS, the Company wishes to provide Mr. Charles L. Schultz, Executive Vice President and Chief Marketing Officer, with certain pension
benefits as described in the attached Exhibit D to the Minutes of the Compensation and Development Committee dated December 11, 2002, by amending the Supplemental Plan to provide for such benefits; 
 
NOW THEREFORE IT IS RESOLVED, that Mr. Charles L. Schultz be
provided with supplemental pension benefits calculated in the manner described in Exhibit D to the Minutes of the Compensation and Development Committee dated December 11, 2002; 
 
FURTHER RESOLVED, that the Vice President-Human Resources is authorized and directed to prepare a Retirement
Benefit Agreement for Mr. Schultz on substantially the terms and conditions indicated in Exhibit D to the Minutes of the Compensation and Development Committee dated December 11, 2002; 
 
FURTHER RESOLVED that the Supplemental Plan be amended by adding “Retirement Benefit Agreement between
Burlington Northern Santa Fe Corporation and Mr. Charles L. Schultz” at the end of Schedule A; 
 
FURTHER RESOLVED, that each of the Secretary and other officers of the Company are authorized and empowered by and on behalf and in the
name of the Company to do and perform, or cause to be done and performed, all such acts, deeds and things and to make, execute and deliver, or cause to be made, executed and delivered, all such agreements, undertakings, documents, instruments or
certificates, as each such officer may deem necessary or appropriate to effectuate or carry out fully the purpose and intent of the foregoing resolutions. 
 
 
Fort Worth, Texas 
December 12, 2002Approval of Vesting and Extension of Stock Awards

Exhibit 10.31 
 
BURLINGTON NORTHERN SANTA FE CORPORATION 
COMPENSATION AND DEVELOPMENT COMMITTEE 
 
December 11, 2002 
 
APPROVAL OF VESTING AND EXTENSION OF STOCK AWARDS 
FOR CHARLES L.
SCHULTZ 
 
Recommend approval of the following
resolution. 
 
VESTING AND EXTENSION OF STOCK AWARDS

 
WHEREAS, Burlington Northern Santa Fe
Corporation (the “Company”) deems it is in the best interest of the Company to provide certain stock benefits to Charles L. Schultz as Executive Vice President and Chief Marketing Officer of the Company to encourage his continued service;
and 
 
WHEREAS, the Compensation and Development
Committee (the “Committee”) wishes to exercise its authority under Section 11.8 of the BNSF Corporation 1996 Stock Incentive Plan and the BNSF Corporation 1999 Stock Incentive Plan (the “Plans”) pursuant to which the
Committee may determine that a participant’s termination will not result in a forfeiture or other termination of the stock award; 
 
NOW THEREFORE, IT IS RESOLVED, that pursuant to the authority granted under the Plans, the Committee hereby determines that all
outstanding awards of Mr. Schultz under the Plans granted prior to the date of this resolution shall vest upon termination of employment (without proration), provided, however, that the performance criteria with respect to any performance-based
restricted stock shall continue to apply, and provided, further, that if termination occurs prior to June 30, 2003, such vesting must be approved by the Chairman of the Committee; and 
 
FURTHER RESOLVED, that all Option Awards of Mr. Schultz outstanding immediately prior to his date of
termination, except for those with an expiration date of May 25, 2003, or those Non-Qualified Stock Options with a grant date of January, 2000, which are not exercised within the existing post-employment exercise window of three (3) months or three
(3) years following the date of termination shall remain in effect until the earlier of the award expiration date which would have applied but for the date of termination or the fifth (5th) anniversary of the date of termination; provided however
that Incentive Stock Options not exercised prior to the date of termination shall be deemed to be Non-Qualified Stock Options on the day following the date of termination; and 
 
FURTHER RESOLVED, that the officers of the Company are authorized and empowered by and on behalf and in the
name of the Company to do and perform, or cause to be done and performed, all such acts, deeds and things and to make, execute, and deliver, or cause to be made, executed, and delivered, all such agreements, undertakings, documents, instruments, or
certificates and to pay all such fees and expenses as each such officer may deem necessary or appropriate to effectuate or carry out fully the purpose and intent of the foregoing resolutions. 
 
 
Compensation and Development Committee 
Fort Worth, Texas 
December 11, 2002

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