Document:

exv10w74

EXHIBIT 10.74

FIRST AMENDMENT TO THE

USEC INC. EXECUTIVE SEVERANCE PLAN

     WHEREAS, the USEC Inc. Executive Severance Plan (the “Plan”) was adopted effective as of July
31, 2008; and

     WHEREAS, an amendment to the Plan is desired in order to make certain changes to the
restrictions in the Plan governing confidentiality, non-solicitation and non-competition by
Participants and to make other minor updates to the Plan;

     NOW THEREFORE, the Plan is amended as follows:

	1.	 	Section 3.6(a) and 3.6(b) of the Plan is amended and restated to read as follows:

	 	“(a)	 	Confidentiality. The Participant shall hold in a
fiduciary capacity for the benefit of the Company all secret, proprietary, or
confidential materials, knowledge, data or any other information relating to
the Company or any of its affiliated companies, and their respective businesses
(“Confidential Information”), which shall have been obtained by the Participant
during the Participant’s employment by the Company or any of its affiliated
companies and that shall not have been or now or hereafter have become public
knowledge (other than by acts by the Participant or representatives of the
Participant in violation of this Section 3.6). While employed by the Company
or an affiliated company and (a) for a period of five years thereafter with
respect to Confidential Information that does not include trade secrets, and
(b) any time thereafter with respect to Confidential Information that does
include trade secrets, the Participant shall not, without the prior written
consent of the Company or as may otherwise be required by law or legal process,
communicate or divulge any Confidential Information to anyone other than the
Company and those designated by it.
	 
	 	(b)	 	Non-Solicitation and Non-Competition. The Participant
shall not, at any time while employed by the Company and during the one-year
period after the Participant’s termination of employment (the “Restriction
Period”), (i) engage or become interested as an owner (other than as an
owner of less than five percent (5%) of the stock of a publicly owned company),
stockholder, partner, director, officer, employee (in an executive capacity),
consultant or otherwise in any business that is competitive with the uranium
enrichment business conducted by the Company or any of its affiliated companies
during the term of the Plan or as of the date of the Participant’s termination
of employment, as applicable; (ii) engage in any activity in competition with
or against the uranium enrichment business conducted by the Company or any of
its affiliated companies during the term of the Plan or as of the date of the
Participant’s termination of employment, as applicable; or (iii) recruit,
solicit

 

 

	 	 	 	for employment, hire or engage any employee or consultant of the
Company or any of its affiliated companies or any person who was an employee
or consultant of the Company or any of its affiliated companies within two
(2) years prior to the date of the Participant’s termination of employment.
For purposes of this Section 3.6, a business that is competitive with the
uranium enrichment business conducted by the Company or any of its
affiliated companies shall include, but not be limited to, Louisiana Energy
Services Inc. (LES), AREVA SA, AREVA, Inc., Urenco Ltd., Urenco, Inc.,
Cogema, Enrichment Technology Company Limited, TENEX, GLE (Global Laser
Enrichment), Cameco, and any subsidiary or affiliate thereof engaged in a
business that is competitive with the uranium enrichment business conducted
by the Company or any of its affiliated companies, and any contractor or
subcontractor to any of these businesses (with respect to activities by such
contractor or subcontractor that are competitive with the uranium enrichment
business conducted by the Company or any of its affiliated companies). The
Participant acknowledges that these provisions are necessary for the
Company’s protection and are not unreasonable, since the Participant would
be able to obtain employment with companies whose businesses are not
competitive with the uranium enrichment business of the Company and its
affiliated companies and would be able to recruit and hire personnel other
than employees of the Company or any of its affiliated companies. The
duration and scope of these restrictions on the Participant’s activities are
divisible, so that if any provision of this paragraph is held or deemed to
be invalid, that provision shall be automatically modified to the extent
necessary to make it valid.”

	2.	 	Section 7.1.6 of the Plan is amended and restated to read as follows:

	 	“7.1.6	 	“Equity Incentive Plan” means the USEC Inc. 1999 Equity Incentive
Plan and/or the USEC Inc. 2009 Equity Incentive Plan, as such plans may be
amended from time to time or any successor plan.”

	3.	 	Except as set forth herein, the Plan shall remain in full force and effect.

Executed as of this 28th day of October, 2009

	 	 	 	 	 
	 	USEC Inc. 
	 
	 
	 	By:  	                                              /s/ W. Lance Wright
 	 
	 	 	W. Lance Wright 	 
	 	 	Title:  	Senior Vice President, Human Resources and
Administration 	 
	 

-2-Exhibit 10.1

Exhibit 10.1

Summary of 2009 Cash Bonuses

	 	 	 	 	 
	Name and Title	 	2009 Cash Bonuses	 
	Stephen H. Capp
	 	$	450,000	 
	Executive Vice President and Chief Financial Officer
	 	 	 	 
	John A. Godfrey
	 	$	350,000	 
	Executive Vice President, General Counsel and Secretary
	 	 	 	 
	Carlos Ruisanchez
	 	$	350,000	 
	Executive Vice President of Strategic Planning and Development
	 	 	 	 
	Alain Uboldi
	 	$	300,000	 
	Chief Operating OfficerExhibit 10.2

EXHIBIT 10.2

GRANT OF

OTHER STOCK UNIT AWARDS UNDER THE

PINNACLE ENTERTAINMENT, INC.

2005 EQUITY AND PERFORMANCE INCENTIVE PLAN

The Compensation Committee of the Board of Directors (the “Committee”) of Pinnacle
Entertainment, Inc., a Delaware corporation (the “Company”) hereby makes this Grant of Other Stock
Unit Awards, effective as of
 _____ 

, to
 _____ 

(the “Grantee”)
under the Pinnacle Entertainment, Inc. 2005 Equity and Performance Incentive Plan, as amended (the
“Plan”), with reference to the following facts:

A. The Company has adopted the Plan to encourage high levels of performance by employees,
directors and consultants who are key to the success of the Company, by granting Awards to such
persons.

B. The Plan provides that Awards shall be granted by the Committee.

C. Article VIII of the Plan provides that the Committee may grant Other Stock Unit Awards,
with the identity of the grantees, terms and conditions, number of Shares, and consideration for
such Other Stock Unit Awards to be determined by the Committee in its sole discretion.

D. The Grantee is a ____________ of the Company.

E. The Committee has determined that it is in the best interests of the Company to grant Other
Stock Unit Awards to the Grantee on the terms and conditions set forth below.

NOW, THEREFORE, Other Stock Unit Awards covering   Shares are hereby
granted to Grantee on the following terms and conditions:

1. The Other Stock Unit Awards shall vest in two equal annual installments on first and second
anniversaries of the date of grant; provided, however, that if the employment of the Grantee is
terminated for “Cause” (as such term is defined in the Plan) before the transfer of the Shares to
the Grantee, the Other Stock Unit Awards shall never vest, but shall be forfeited in full. The
Other Stock Unit Awards shall not be entitled to Dividend Equivalents under Section 12.5 of the
Plan, but shall be subject to adjustment in accordance with Section 12.2 of the Plan.

2. The Shares corresponding to the vested portion of the Other Stock Unit Awards shall be
transferred to the Grantee within 90 days following the second anniversary of the grant date, or,
if earlier (but subject to the provisions of Section 3 hereof) within 90 days following the
termination of the Grantee’s employment by the Company without Cause or within 90 days following
the termination by the Grantee of his employment with the Company for “Good Reason” (as such term
is defined in the Grantee’s employment or consulting agreement with the Company).

3. In the event that any compensation with respect to the Grantee’s separation from service is
“deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as
amended, and the regulations thereunder (“Section 409A”), the stock of the Company or any affiliate
is publicly traded on an established securities market or otherwise, and the Grantee is determined
to be a “specified employee,” as defined in Section 409A(a)(2)(B)(i) of the Code, transfer of the
Shares covered by vested Other Stock Unit Awards shall be delayed as required by Section 409A.
Such delay shall last six months from the date of the Grantee’s separation from service, except in
the event of Executive’s death.

4. The Grantee’s service as a ____________ on the first and second
anniversaries of the date of grant of the Other Stock Unit Awards shall be the sole consideration
for the Other Stock Unit Awards.

 

 

 

5. Until the transfer of Shares under Section 2 hereof, the Other Stock Unit Awards shall
represent only an unsecured and unfunded promise to deliver the Shares in the future, and the
rights of the Grantee against the Company shall be only those of an unsecured creditor.

6. The Other Stock Unit Awards granted hereunder shall be subject to the terms and provisions
of the Plan including without limitation Sections 13.1 (relating to tax withholding) and 13.5
(relating to stop transfer orders) of the Plan, and all capitalized terms not otherwise defined
herein shall have the meaning ascribed to them in the Plan.

[SIGNATURES APPEAR ON FOLLOWING PAGE]

 

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IN WITNESS WHEREOF, this Other Stock Unit Award has been executed on behalf of the Company, to
be effective as of the date first above written.

	 	 	 	 	 
	 	 	PINNACLE ENTERTAINMENT, INC.

A Delaware Corporation
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	 	 	(printed name)
	 
	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	GRANTEE	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	Name:
	 

	 	 	 	 
	 

	 	 	 	(printed name)

 

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