Document:

Summary of Terms of the Board of Directors' 2006 Compensation Program

 Exhibit 10w. 
  
 BRISTOL-MYERS SQUIBB 
  
 SUMMARY OF 2006 BOARD OF DIRECTORS’ COMPENSATION PROGRAM 
  
 CASH COMPENSATION PROGRAM  
  

				
	 Annual Retainer
	  	$	45,000
	 Board Meeting Fee
	  	$	2,000
	 Committee Meeting Fee
	  	$	2,000
	 Committee Chairman Annual Retainer
	  	$	10,000

  
 STOCK-BASED PROGRAM  
  
 As of the date of the Annual
Meeting of Shareholders, each Director receives a 2,500 share option grant. The grant vests 25% per year. On February 1, each Director also receives an annual grant of 2,000 share units that are credited to a deferred compensation account
until the Director ceases to serve as a Director. The value of the grant is determined by the value of Bristol-Myers Squibb Company Stock. 
  
 DEFERRED COMPENSATION PROGRAM  
  
 Twenty-five percent of the annual retainer will be deferred into a deferred share unit account until the director has met the ownership guidelines of 5,000 shares or
deferred units. Additionally, all or a portion of compensation may be deferred until retirement or a date specified by the Director. The election to defer is made in the preceding calendar year in which the compensation is earned. A Director may
elect for deferred funds to be paid in a lump sum or in a number of installments. 
  
 The investment options are: 
  

	 	•	 	a 6-month U.S. Treasury bill equivalent fund 

  

	 	•	 	a fund based on the return of the Company’s invested cash 

  

	 	•	 	deferred share units which are based on the return of Bristol-Myers Squibb common stock 

  
 CHARITABLE CONTRIBUTION PROGRAM  
  
 This program provides for a $1 million death benefit for each active or
retired Director covered. Upon the death of a Director, the Company donates half of the benefit to one or more charitable organizations designated by the Director. The remaining half is contributed to the Bristol-Myers Squibb Foundation. 

 
 RETIREMENT PROGRAM  
  
 As of March 5, 1996, the Board ended future accruals under the
Retirement Plan for Non-Employee Directors and vested eligible directors regardless of their years of service in retirement benefits accrued to date.Exhibit 10.17

 EXHIBIT 10.17 
  
 WRITTEN DESCRIPTION OF ORAL AGREEMENT BETWEEN DR. DAVID C. COLLINS AND 
 LEARNING TREE INTERNATIONAL INC. 
  
 As announced in the Company’s Form 8-K filed on September 27, 2005, Dr. David C. Collins will remain as Chairman of the Board with an
annual compensation of one dollar per year. 
  
 The Chairman is
expected to spend approximately 25% of his time on his duties, which include special projects and overseeing (with the concurrence of the Nominating and Governance Committee of the Company’s Board of Directors) a charitable budget for Learning
Tree of $200,000. Prior to October 2005, the Chairman was employed on a full time basis as the Chief Executive Officer of Learning Tree.Letter Agreement between ModusLink Corporation and William R. McLennan

 Exhibit 10.1 
  
 

 
  

			
	 	  	 Corporate Offices
 1100 Winter Street
 Suite 4600
 Waltham, MA 02451
 United States
 Tel: 781.663.5000
 Fax: 781.663.5100

  
 Via Federal Express

  
 January 9, 2006 
  
 Mr. William R. McLennan 
 c/o ModusLink PTE LTD 
 51 Ubi Avenue 3 
 Singapore 408858 
  
 Dear Bill: 
  
 Congratulations on your taking on your new role as President of International Business of ModusLink Corporation (“ModusLink” or
the “Company”). In this capacity you will continue to report to Joseph C. Lawler, President and Chief Executive Officer of ModusLink. 
  
 This letter will serve to memorialize certain changes to your compensation arrangements with the Company. 
  
 Effective as of December 1, 2005, your salary will be $14,426.08 bi-weekly, which is
equivalent to an annualized base salary of $375,000. You will also continue to be eligible to receive a bonus for fiscal year 2006 based on a target annualized bonus equal to 60% of your base salary earned during fiscal 2006. The actual bonus
payment you receive will be based on the Company’s and CMGI’s successful satisfaction of fiscal year 2006 business objectives pursuant to the terms and conditions of the CMGI FY2006 Executive Management Incentive Plan. 
  
 The provisions of your offer letter dated February 1, 2005 (the “Offer
Letter”) relating to your ability to request that the Company transfer you to an Equal or Greater Position (as defined in the Offer Letter) in the United States at the conclusion of two years of employment (should you remain employed for such
amount of time) shall no longer be applicable to your employment. 
  
 In addition,
you will be granted an option to purchase 100,000 shares of CMGI common stock under CMGI’s 2004 Stock Incentive Plan or 2000 Stock Incentive Plan. This option will be priced at the closing price of CMGl’s common stock (during normal
trading hours) on the date hereof. Provided you remain employed by the Company on each vesting date, this option will vest in five equal annual installments (each relating to 20% of the shares covered by the option), on each of the first five
anniversary dates of the date of grant, so that the option becomes fully vested and exercisable on the fifth anniversary of the date of grant. The option shall have a seven (7) year term. 
  
 On or as soon as practicable after the third business day following the public release of the
results of operations of CMGI for the fiscal year ending July 31, 2006 (provided that you remain employed by ModusLink through such reporting date), should CMGI meet or exceed certain financial targets set by 
  
 www.moduslink.com 

 Mr. William R. McLennan 
 Page Two 
 January 9, 2006 
  
 the Board of Directors of CMGI, Inc., you will
be granted an option to purchase 100,000 shares of CMGI common stock under CMGI’s 2004 Stock Incentive Plan or 2000 Stock Incentive Plan. This option will be priced at the closing price of CMGI’s common stock (during normal trading hours)
on the date of grant. Provided you remain employed by the Company on each vesting date, this option will vest in five equal annual installments (each relating to 20% of the shares covered by the option), on each of the first five anniversary dates
of the date of grant, so that the option becomes fully vested and exercisable on the fifth anniversary of the date of the grant. The option shall have a seven (7) year term. 
  
 The options described above shall each be subject to all terms, limitations, restrictions and termination provisions set for the in the Plan
and in the separate option agreements (which shall be based upon the Company’s standard form of option agreement) that shall be executed to evidence the grant of such option. 
  
 Except as expressly modified hereby, the agreements set forth in the Offer Letter shall remain in full force and effect. 
  

	
	 Sincerely,

	
	/s/    JAMES J. HERB        
	James J. Herb
	Senior Vice President, Human Resources

  

					
	 Agreed and accepted:
	 	 	 	 
			
	/s/    WILLIAM R.
MCLENNAN        	 	 	 	            1/9/06                       
 
	William R. McLennan	 	 	 	 DateForm of Notation of Guarantee

 Exhibit 4.3 
 Form of Notation of Guarantee 
  
 NOTATION OF GUARANTEE 
  
 For
value received, each Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of
July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors (as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment
of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue
principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful (subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to
the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when
due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the
Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such
provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such purpose. 
  
 IN WITNESS HEREOF, the undersigned Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 Chaparral Steel Investments, Inc.

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 Chaparral (Virginia) Inc.

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 American Materials Transport, Inc.

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 Chaparral Steel Holdings, LLC

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 Chaparral Steel Texas, LLC

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 Chaparral Steel Midlothian, LP
 By: Chaparral Steel Texas, LLC, its general partner

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 TXI Star Recycling LP
 By: Chaparral Steel Texas, LLC, its general partner

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:
	 	 

 NOTATION OF GUARANTEE 
  
 For value received, each Guarantor (which term includes any successor Person under the Indenture) has,
jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 6, 2005 (the “Indenture”) among Chaparral Steel Company, the other Guarantors
(as defined in the Indenture) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes (as
defined in the Indenture), whether at maturity, by acceleration, redemption or otherwise, and the due and punctual payment of interest on overdue principal premium, if any, and interest and Liquidated Damages, if any, on the Notes, if lawful
(subject in all cases to any applicable grace period provided herein), and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and the Notes and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby
made to the Indenture for the precise terms of the Note Guarantee. Each Holder of a Note, by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the Trustee attorney-in-fact of such Holder for such
purpose. 
  
 IN WITNESS HEREOF, the undersigned
Guarantor has caused this Notation of Guarantee to be signed manually or by facsimile by its duly authorized officer. 
  

			
	 Chaparral Steel Trust

		
	 By:
	 	 

			
	 Name:
	 	 

			
	 Title:

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