Document:

First Amendment to Union Drilling, Inc. 2005 Stock Option Plan

 Exhibit 10.2 
 FIRST AMENDMENT TO UNION DRILLING, INC. 2005 STOCK OPTION PLAN AND 
 ITS ACCOMPANYING FORM OF STOCK
OPTION AGREEMENT 
 This First Amendment (the “First Amendment”) to each of the Union Drilling, Inc. 2005 Stock Option Plan and
its accompanying Form of Stock Option Agreement, entered into to be effective as of November 27, 2007 (the “Effective Date”), amends each of that certain 2005 Stock Option Plan and Form of Stock Option Agreement, adopted as of
August 3, 2005 (the “Plan”) by Union Drilling, Inc. (the “Company”) and that certain Form of Stock Option Agreement accompanying the Plan (the “Agreement”). 
 WHEREAS, the Board desires to amend certain provisions contained in the Plan and the Agreement; 
 NOW, THEREFORE, the Plan and the Agreement, as applicable, shall be amended as provided for below: 
 1. Capitalized terms used but not defined herein shall have the same meanings as set forth in the Plan and/or the Agreement. 
 2. Section 2 of the Plan is hereby amended to add the following defined term in appropriate alphabetical order: 
 “Ten Percent Stockholder” means an Employee who, at the time of grant of an Option to him or her, owns stock possessing more
than 10 percent of the total combined voting power of all classes of stock of the Company.” 
 3. The last sentence of the definition of
the term “Fair Market Value” is hereby amended by adding the phrase “by reasonable application of a reasonable valuation method in accordance with Section 409A of the Code.” in place of the phrase “for all
purposes.” 
 4. The last sentence of Paragraph 3(a) of the Plan is hereby amended by inserting the following phrase at the conclusion
of the sentence “; provided, however, that for purposes of meeting the requirements of Section 162(m) of the Code, no Employee who is a covered employee under Section 162(m) of the Code shall receive a grant of options in excess of
the amount specified under Section 4(a)(iv)(C) below, computed as if any Option which is canceled reduced the maximum number of shares of Stock available under the Plan.” 
 5. Paragraphs 4(c) and 4(e) of the Plan are hereby deleted in their entirety and shall be amended to read in their entirety as set forth below:

 (c) The Option exercise price per share shall be determined by the Board at the time the Option is granted and shall be at
least equal to the par value of one share of Stock if the Stock has a par value; provided, however, that the exercise price for an Option (other than a Substitute Option) shall be not less than the Fair Market Value of the Stock on the date of
grant, or in the case of an incentive stock option granted to a Ten Percent Stockholder, 110 percent of the Fair Market Value on the date of grant all as provided in the Option Agreement. 
  

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 (e) (i) If an Employee who has been granted an Option Retires, his or her Options
may be exercised, to the extent that the Employee shall have been entitled to do so on the date of his or her Retirement, at any time, or from time to time, within three months after the date of the Employee’s Retirement or within such other
period, and subject to such terms and conditions, as the Board may specify, but no later than the earlier of the initial term of the Option as provided in the Option Agreement and the expiration date specified in Section 4(b) above. 

(ii) If the Employee’s employment by a Participating Company terminates because of his or her death or Disability, he or she may
exercise his or her Options (or such Options may be exercised by his or her Beneficiary in the case of his or her death, including, if applicable, his or her executors or administrators), to the extent that he or she shall have been entitled to do
so at the date of the termination of his or her employment, at any time, or from time to time, within twelve months after the date of the termination of his or her employment or within such other period, and subject to such terms and conditions, as
the Board may specify, but not later than the earlier of the initial term of the Option as provided in the Option Agreement and the expiration date specified in Section 4(b) above. 
 (iii) If an Employee’s employment by a Participating Company voluntarily terminates or if his or her employment terminates because of
involuntary termination of employment by the Participating Company with cause (as determined by the Board in its sole discretion either before or after such termination of employment), all outstanding Options shall be forfeited as of the date of
termination or at such later date, and subject to such terms and conditions, as the Board may specify, but not later than the earlier of the initial term of the Option as provided in the Option Agreement and the expiration date specified in
Section 4(b) above. 
 (iv) If an Employee’s employment terminates because of involuntary termination of employment
by the Participating Company without cause (as determined by the Board in its sole discretion) he or she may exercise his or her Options to the extent that he or she shall have been entitled to do so at the date of the termination of his or her
employment, at any time, or from time to time, within three months after the date of the termination of his or her employment, or within such other period, and subject to such terms and conditions, as the Board may specify, but not later than the
earlier of the initial term of the Option as provided in the Option Agreement and the expiration date specified in Section 4(b) above. 
 6. Article IV, Section 2, of the Agreement is hereby amended to update the Company’s office address for notices to the following office address: 4055 International Plaza, Suite 610, Fort Worth, TX 76109, Attention: Chief Executive
Officer. 
  

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 7. All terms and conditions of the Plan and the Agreement, each as amended hereby, remain in full force
and effect. 
 IN WITNESS WHEREOF, the Company has executed this First Amendment as of the Effective Date. 
  

			
	UNION DRILLING, INC.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

 3Letter Agreement

 Exhibit 10.1 
 November 26, 2007 
 Mr. Pierre Monahan 
 184
Deschamps Avenue 
 Repentigny, Quebec J6A 2X9 
 Dear Pierre:

 The purpose of this letter is to confirm the separation arrangements that we have agreed upon in connection with the termination of your
employment by Bowater Incorporated and Bowater Canadian Forest Products Inc. (the “Company”). Your employment will be terminated as of November 24, 2007, at the expiration of the thirty-day notice period. 
 Severance. In accordance with Section 8 of your employment agreement, you are entitled to severance pay equal to twenty-four
(24) months of your current base salary, plus 35/12ths of the last annual bonus paid to you. The total amount due is C$1,581,023, which will be paid within ten business days following your termination. You will also be paid for your accrued and
unused vacation time at that time. Because the severance amount includes an amount as a replacement for the 2007 Annual Incentive Award, you will not receive an award under the 2007 Annual Incentive Plan. 
 Retirement. Bowater Canadian Forest Products Inc. has agreed to (i) pay your nonregistered retirement benefits in a lump sum
calculated so that there is no additional cost to the company and (ii) compute such benefits as if you had already met the 15-year service threshold, in exchange for an acceptable Final Release agreement in the form attached to this letter. The
calculation of the amount due is also attached to this letter and to the Final Release. By signing the Final Release you confirm that you have accepted and approved those calculations. 
 Company-Leased Car. In accordance with the company’s customary practice, you may purchase your car on your last paid day of work at
the wholesale value projected twelve months forward. 
 Annual Perquisite Allowance. The company has agreed to pay for a
perquisite allowance of $30,000 for 2008, to allow you to phase out your involvement in sports and business clubs and to cover any professional financial or tax planning services. 

 Pierre Monahan 
 Page 2

 November 26, 2007 
  
 Equity Awards. The Board of Directors decided to accelerate the vesting of the outstanding equity awards for employees who are involuntarily
terminated so all of your awards are 100% vested as of your last day of employment. Since you are retiring, your option and Equity Participation Right (“EPR”) awards will expire upon the earlier of (i) the original expiration date, or
(ii) five years from the date of your retirement. You should coordinate the exercise of your option and EPR awards with AST Equity Plan Solutions, Inc., telephone number 877-828-0483. Your preclearance and filing obligations will continue for
six months after you cease serving as an officer of Bowater Incorporated. 
 Change in Control Agreement. Your Change in
Control Agreement is canceled as of November 23, 2007. 
 Continuing Obligations. As part of the consideration for the
severance benefits, you are subject to certain obligations described in Sections 6 and 7 of your employment agreement. Specifically, you are subject to a one-year noncompete covenant and a continuing nondisclosure obligation. 
 The above summary is merely an overview of your benefits. More details are contained in the applicable formal documentation. 
 If you agree with the terms outlined above, please sign a copy of this letter and return it to me. Best wishes for success in your future endeavors.

  

	
	Very truly yours,
	
	 

	Jim T. Wright

  

	
	Accepted and Agreed:
	
	 /s/ Pierre Monahan

	Pierre MonahanFinal Release

 Exhibit 10.2 
 FINAL RELEASE 
 IN CONSIDERATION of the additional retirement benefits outlined in a letter
dated November 26, 2007 and the severance and other benefits promised therein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, I, Pierre Monahan (hereinafter called the Releasor), for
myself and for my heirs, executors, successors and assigns do hereby remise, release and forever discharge BOWATER INCORPORATED, BOWATER CANADIAN FOREST PRODUCTS INC., and ABITIBIBOWATER INC. their subsidiaries, affiliated and
associated corporations and the respective officers, directors, servants, agents, employees, successors and assigns of such corporations and the heirs, executors, administrators and assigns of those officers, directors, servants, agents and
employees (hereinafter called the Releasees) from any and all actions, causes of action, claims, complaints, demands, suits, debts, dues, accounts, bonds, covenants, statutory rights and obligations and contracts whatsoever, whether presently known
or unknown, as against the said Releasees or any of them, that I ever had, now have or hereinafter can, shall or may have by reason of or arising from: 
 Any fact, cause, matter or thing existing up to the present time, including, without limitation, any such fact, cause, matter or thing arising from the Releasor’s employment by the Releasees, the termination of
such employment, and all rights under any retirement plan, program, arrangement, or accompanying obligation, relating to the Releasee’s employment by the Releasor. 
 AND THE RELEASOR HEREBY DECLARES AND ACKNOWLEDGES that he has received all amounts due to him from the Releasees in respect of any rights, payments or obligations under the Employment Standards Act (and, in
particular, to the right to receive vacation pay, notice of termination, termination pay or severance pay hereunder) and that he has no further claim against the Releasees with respect to any such rights, payments or obligations. 
 THE RELEASOR FURTHER UNDERSTANDS AND AGREES that the fact of the compromise settlement reflected herein, the fact of this Final Release and the contents
thereof and all matters and things herein referred to shall be kept by the Releasor in strict confidence unto himself and the Releasor undertakes and agrees to use all reasonable efforts to have such confidentiality maintained and observed by all
others. 
 AND I HEREBY DECLARE that I fully understand the terms of this settlement, that the amounts (i.e., retirement benefits, severance
benefits and perquisites) stated herein are the sole consideration for this Release and that I voluntarily accept this sum for the purpose of making full and final compromise, adjustment and settlement of all matters aforesaid. 
 Signed in Montreal this 26th day of November 2007. 
  

	
	 /s/ Pierre Monahan

	Pierre Monahan

  

	
	SIGNED, SEALED AND DELIVERED
	In the presence of
	
	 /s/ Georges Cabana

 Witness

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