Document:

Exhibit 10.114

 

FIRST AMENDMENT TO EXECUTIVE RETENTION AGREEMENT

 

This First Amendment to Executive
Retention Agreement (“Amendment”) is entered into as of November 15, 2008,
by and between Meade Instruments Corp. (the “Company”) and Steven L. Muellner (“Executive”).

 

WHEREAS, the Company and Executive have
entered into that certain Executive Retention Agreement, dated as of January 10,
2008 (“Executive Retention Agreement”); and

 

WHEREAS, the Company and Executive desire
to amend the Executive Retention Agreement as set forth below.

 

For good and valuable consideration, the
parties agree as follows:

 

Section 1.               All defined terms not otherwise defined herein shall
have the meanings set forth in the Executive Retention Agreement.

 

Section 2.               The Termination Date set forth in Section 5 of
the Executive Retention Agreement shall be changed to March 31, 2009 and
the Term of the Executive Retention Agreement shall be extended until such
Termination Date.

 

Section 3.               Unless otherwise specifically set forth herein, all
other terms and conditions of the Executive Retention Agreement shall remain as
originally set forth therein.

 

IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date first above written.

 

	
   

  	
  MEADE INSTRUMENTS CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul E. Ross

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Senior Vice President – Finance
  and

  
	
   

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Steven L. MuellnerExhibit 10.115

 

FIRST AMENDMENT TO EXECUTIVE RETENTION AGREEMENT

 

This First Amendment to Executive
Retention Agreement (“Amendment”) is entered into as of November 15, 2008,
by and between Meade Instruments Corp. (the “Company”) and Paul E. Ross (“Executive”).

 

WHEREAS, the Company and Executive have
entered into that certain Executive Retention Agreement, dated as of January 10,
2008 (“Executive Retention Agreement”); and

 

WHEREAS, the Company and Executive desire
to amend the Executive Retention Agreement as set forth below.

 

For good and valuable consideration, the
parties agree as follows:

 

Section 1.               All defined terms not otherwise defined herein shall
have the meanings set forth in the Executive Retention Agreement.

 

Section 2.               The Termination Date set forth in Section 5 of
the Executive Retention Agreement shall be changed to March 31, 2009 and
the Term of the Executive Retention Agreement shall be extended until such
Termination Date.

 

Section 3.               Unless otherwise specifically set forth herein, all other
terms and conditions of the Executive Retention Agreement shall remain as
originally set forth therein.

 

IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date first above written.

 

	
   

  	
  MEADE INSTRUMENTS
  CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven L. Muellner

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  President and

  
	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Paul E. RossExhibit 10.1

 

FIRST AMENDMENT

TO

2004 EQUITY INCENTIVE PLAN

OF

ACTIVIDENTITY CORP.

 

A.                                   The
2004 Equity Incentive Plan of Actividentity Corp. (the “Plan”) as approved by
the Company’s stockholders on August 9, 2004, is hereby further amended by
deleting Section 11.2 in its entirety and substituting in lieu thereof the
following:

 

“11.2                    Director Fee Option Grants

 

(a)                                 Option Grants.  The
Board shall have the sole and exclusive authority to determine the calendar
year or years for which the Director fee option grant program (the ‘Director Fee Option Program’) is to
be in effect.  For each such calendar
year the program is in effect, each Non-Employee Director may elect to apply
all or any portion of the retainer, meeting or other fees otherwise payable in
cash, for his or her service on the Board for that year, to the acquisition of
special Option grants under this Director Fee Option Program.  Such election must be filed with the Company’s
Chief Financial Officer prior to the first day of the calendar year for which
the cash fees which are the subject of that election are otherwise earned.  Each Non-Employee Director who files such a
timely election shall automatically be granted an Option under this Director
Fee Option Program each quarter on the last trading day in such quarter in
which the cash fees which are the subject of that election have been earned,
provided such Non-Employee Director remains on the Board on such date.

 

(b)                                Option Terms.  Each
Option shall be a Nonstatutory Option governed by the terms and conditions
specified below.

 

(i)                                    Exercise Price.

 

A.                                   The
Purchase Price shall be the Fair Market Value per Share on the Option grant
date.

 

B.                                     The
Purchase Price shall become immediately due upon exercise of the Option and
shall be payable in one or more of the alternative forms authorized pursuant to
Section 6.4 of this Plan.  Except to
the extent the sale or remittance procedure specified thereunder is 

 

 

utilized, payment of the
Purchase Price must be made on the date that the Option is exercised.

 

(ii)                                 Number of Options Shares.  The number of Shares subject to the Option
shall be determined pursuant to the following formula (rounded down to the
nearest whole number):

 

X = (A
÷ B) x 3, where

 

X is
the number of Option Shares,

 

A is the portion of the
cash fees subject to the Non-Employee Director’s election, and

 

B is the Fair Market
Value of a Share on the option grant date.

 

(iii)                              Exercise
and Term of Options.  The
Option shall be immediately exercisable.

 

(iv)                             Termination of Board Service.  Should the Awardee cease Board service for
any reason (other than death or permanent disability) while holding one or more
Options under this Director Fee Option Program, then each such Option shall
remain exercisable, for any or all of the Shares for which the Option is
exercisable at the time of such cessation of Board service, until the earlier
of (x) the expiration of the ten (10)-year Option term or (y) the
expiration of the three (3)-year period measured from the date of such
cessation of Board service.

 

(v)                                Death or Permanent Disability.  Should the Awardee’s service as a Board
member cease by reason of death or permanent disability, then each Option held
by such Awardee under this Director Fee Option Program may be exercised until
the earlier of (x) the expiration of the ten (10)-year Option term or (y) the
expiration of the three (3)-year period measured from the date of such
cessation of Board service.

 

Should
the Awardee die after cessation of his or her Board service but while holding
one or more Options under this Director Fee Option Program, then each such
Option may be exercised, for any or all of the shares for which the Option is
exercisable at the time of the Awardee’s cessation of Board service (less any
Shares subsequently purchased by the Awardee prior to death), by the personal
representative of the Awardee’s estate or by the person or persons to whom the
Option is transferred pursuant to the Awardee’s will or in accordance with the
laws of descent and distribution or by the designated beneficiary or
beneficiaries of 

 

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such Option.  Such right of exercise shall lapse, and the
Option shall terminate, upon the earlier of (xx) the expiration of the ten
(10)-year Option term or (yy) the expiration of the three (3)-year period
measured from the date of such cessation of Board service.”

 

B.                                     Except
as amended herein, the Plan is confirmed in all other respects.

 

3Exhibit 10.2

 

ACTIVIDENTITY
CORP.

 

NON-EMPLOYEE DIRECTORS’

EQUITY COMPENSATION PROGRAM

 

I.                                      INTRODUCTION

 

The Actividentity
Corp. Non-Employee Directors’ Equity Compensation Program (the “Program”),
effective January 1, 2009, is established pursuant to the 2004 Equity
Incentive Plan of Actividentity Corp. (the “Plan”) and permits a Director who
is not an employee of the Company (a “Non-Employee Director”) to elect to
receive some or all of his or her cash retainer and meeting fees (“Fees”) from
the Company in the form of Options pursuant to Section 11.2 of the Plan
and/or Stock Awards pursuant to Section 8.2 of the Plan.  Capitalized terms not otherwise defined
herein shall have the same meaning as defined in the Plan.

 

II.                                  ADMINISTRATION

 

The Program shall
be administered by the Board of Directors of the Company (the “Board”).  The Board shall have complete discretion and
authority with respect to the Program and its application, except as expressly
limited by the Program.

 

III.                              ELIGIBILITY

 

All Non-Employee Directors
are eligible to participate in the Program.

 

IV.                             CONVERSION OF FEES

 

A.                                   Election.  A Non-Employee Director may elect in advance
to receive some or all of his or her Fees from the Company in the form of
Options pursuant to Section 11.2 of the Plan and/or Stock Awards pursuant
to Section 8.2 of the Plan.  To make
such an election, the Non-Employee Director must execute and deliver to the
Company’s Chief Financial Officer an election form specifying the percentage of
his or her Fees he or she wishes to receive in the form of Options and/or Stock
Awards.  Except with respect to a newly
elected or appointed 

 

 

Non-Employee Director,
any election under this paragraph shall apply only to Fees that are earned with
respect to services to be performed beginning on or after the start of the next
calendar year after such receipt and acceptance.  A newly elected or appointed Non-Employee
Director, may, within 30 days of becoming a Non-Employee Director, file an
election which shall apply only to Fees that are earned with respect to
services to be performed subsequent to the election.  An election shall remain in effect from year
to year, until a new election becomes effective with respect to Fees payable in
the next calendar year.  A Non-Employee
Director may revoke his or her election with respect to Fees that are payable
for services to be performed in the calendar year beginning after receipt and
acceptance by the Company’s Chief Financial Officer of his or her written
revocation.

 

B.                                     Options.  To the extent a Non-Employee Director’s Fees
are payable in the form of Options, such grants shall be made pursuant to the
provisions of Section 11.2 of the Plan.

 

C.                                     Stock
Awards.  The Company shall maintain a
deferred account (“Account”) for each Non-Employee Director who has elected to
receive all or a portion of his or her Fees in the form of Stock Awards.  As of the last trading day of each calendar
quarter, a Non-Employee Director’s Account shall be credited with a number of
whole and fractional stock units determined by dividing the Fees subject to the
Stock Award election for the calendar quarter by the Fair Market Value of a
Share on such date, provided such Non-Employee Director remains on the Board on
such date.

 

D.                                    Dividend
Equivalent Amounts.  Whenever dividends
(other than dividends payable only in Shares) are paid by the Company, each
Account shall be credited with a number of whole and fractional stock units
determined by multiplying the dividend value per Share by 

 

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the stock unit balance of
the Account on the record date and dividing the result by the Fair Market Value
of a Share on the dividend payment date.

 

E.                                      Distribution.  Stock certificates (“Certificates”)
evidencing a one-for-one conversion (adjusted as provided in the Plan) of stock
units into Shares shall be issued and registered in the Non-Employee Director’s
name as of the earlier of a Change of Control or Fundamental Transaction that
also constitutes a change in the ownership or effective control of the Company,
or in the ownership of a substantial portion of the assets of the Company,
within the meaning of Section 409A of the Internal Revenue Code of 1986,
as amended, and the regulations promulgated thereunder (“Section 409A”),
or when the Non-Employee Director ceases to serve on the Board for any
reason.  Certificates will be delivered
to the Non-Employee Director within 90 days thereafter.  In the case of the death of the Non-Employee
Director before delivery of any Certificates, Certificates shall be delivered
to the Non-Employee Director’s beneficiary or estate within 30 days after the
Non-Employee Director’s death.  Any
fractional share shall be paid in cash. 
In lieu of Certificates, Shares may also be issued on an electronic
basis.

 

F.                                      Designation
of Beneficiary.  A Non-Employee
Director may designate one or more beneficiaries to receive payments from his
or her Account in the event of his or her death.  A designation of beneficiary shall apply to a
specified percentage of a Non-Employee Director’s entire interest in his or her
Account.  Such designation, or any change
therein, must be in writing and shall be effective upon receipt by the
Company.  If there is no effective
designation of beneficiary, or if no beneficiary survives the Non-Employee
Director, the estate of the Non-Employee Director shall be deemed to be the
beneficiary.  All payments to a
beneficiary or estate shall be made in a lump sum in Shares, with any
fractional share paid in cash.

 

3

 

V.                                   AMENDMENT OR TERMINATION OF PROGRAM

 

The Company
reserves the right to amend or terminate the Program at any time, by action of
its Board, provided that no such action shall adversely affect a Non-Employee
Director’s right to receive compensation earned before the date of such action
or his or her rights under the Program with respect to amounts credited to his
or her Account before the date of such action. 
In no event shall the distribution of Accounts to Non-Employee Directors
be accelerated by virtue of any amendment or termination of the Program except
to the extent permitted by Section 409A of the Code.

 

VI.                               MISCELLANEOUS PROVISIONS

 

A.                                   Notices.  Any notice required or permitted to be given
by the Company or the Board pursuant to the Program shall be deemed given when
personally delivered or deposited in the United States mail, registered or
certified, postage prepaid, addressed to the Non-Employee Director at the last
address shown for the Non-Employee Director on the records of the Company.

 

B.                                     Nontransferability
of Rights.  During a Non-Employee
Director’s lifetime, any payment from his or her Account shall be made only to
him or her.  No sum or other interest
under the Program shall be subject in any manner to anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance or charge, and any attempt by a
Non-Employee Director or any beneficiary under the Program to do so shall be
void; provided, however, that with the consent of the Board, a Non-Employee
Director may transfer his or her Options to a family member or trusts for the
benefit of himself or herself and/or family members.  No interest under the Program shall in any
manner be liable for or subject to the debts, contracts, liabilities,
engagements or torts of a Non-Employee Director or beneficiary entitled thereto
other than a domestic relations order.

 

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C.                                     Company’s
Obligations to Be Unfunded and Unsecured. 
The Accounts maintained under the Program shall at all times be entirely
unfunded, and no provision shall at any time be made with respect to
segregating assets of the Company (including Shares) for payment of any amounts
hereunder.  No Non-Employee Director or
other person shall have any interest in any particular assets of the Company
(including Shares) by reason of the right to receive payment under the Program,
and any Non-Employee Director or other person shall have only the rights of a
general unsecured creditor of the Company with respect to any rights under the
Program.

 

D.                                    Governing
Law.  The terms of the Program shall
be governed, construed, administered and regulated in accordance with the laws
of the State of Delaware.  In the event
any provision of this Program shall be determined to be illegal or invalid for
any reason, the other provisions shall continue in full force and effect as if
such illegal or invalid provision had never been included herein.

 

E.                                      Effective
Date of Program.  The Program shall
become effective as of January 1, 2009.

 

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