Document:

COPT 06.30.2014 EX 10.2

SECOND AMENDMENT
TO
EMPLOYMENT AGREEMENT
This Second Amendment to Employment Agreement (“Amendment”) is made and entered into as of June 20, 2014, by and between CORPORATE OFFICE PROPERTIES, L.P. (the “Employer”), CORPORATE OFFICE PROPERTIES TRUST (the “Company”) and WAYNE H. LINGAFELTER (the “Executive”).
WHEREAS, the Employer, the Company and the Executive are parties to an Employment Agreement, dated as of December 31, 2008, as amended (the “Agreement”); and
WHEREAS, the parties hereto desire to amend the Agreement pursuant to Section 11(b) of the Agreement; and
WHEREAS, capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Agreement.
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:
1.Section 4(a) of the Agreement is hereby amended to extend the period pursuant to which the Executive or the Employer may provide notice that the Agreement will terminate at the end of the Basic Term, such that either party may provide such notice at any time on or prior to August 1, 2014.  Pursuant to such amendment, if either the Executive or the Employer gives such written notice to the other party on or prior to such date, the Agreement shall terminate at the end of the Basic Term.

2.All other provisions of the Agreement shall remain in full force and effect according to their respective terms, and nothing contained herein shall be deemed a waiver of any right or abrogation of any obligation otherwise existing under the Agreement except to the extent specifically provided for herein.

3.The validity, interpretation, construction and performance of this Amendment shall be governed by the laws of the State of Maryland.

4.This Amendment may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
	
		
	“Executive”

/s/ Wayne H. Lingafelter
______________________________
Wayne H. Lingafelter

	 

	“Employer”
Corporate Office Properties L.P., a Delaware limited partnership
By: Corporate Office Properties Trust, a Maryland real estate investment trust

/s/ Roger A. Waesche, Jr.
By:  ______________________________
Name: Roger A. Waesche, Jr.
Title: President and Chief Executive Officer
	 

	“Company”
Corporate Office Properties Trust, a Maryland real estate investment trust

/s/ Roger A. Waesche, Jr.
By:  ______________________________
Name: Roger A. Waesche, Jr.
Title: President and Chief Executive OfficerEX-10.1

 Exhibit 10.1 
 

 
 TERMS OF DEFERRED STOCK UNIT AWARDS 

 

	1.	Generally. This document sets forth the terms and conditions under which an award (an “Award”) of Common Stock units (“Deferred Stock Units”) corresponding to shares of Ferro Common Stock is
made to non-employee Directors of the Company (“Recipients”) under Section 4(e) of the 2013 Omnibus Incentive Plan (the “Plan”), which was approved by Ferro Corporation shareholders on May 22, 2013. (A Director who
receives an Award is called a “Recipient” below. The term “Ferro” below includes Ferro Corporation and its subsidiary and affiliated companies.) 

 

	2.	Precedence of the Plan. The terms of this document are in all events subject to the terms and conditions of the Plan. If there is any inconsistency between this document and the Plan, then the Plan, and not this
document, will govern. The Compensation Committee of the Board of Directors (or such other committee as the Board may from time to time designate) (the “Committee”) administers awards under the Plan and has the authority to determine the
terms and conditions, not inconsistent with the provisions of the Plan, of any Award granted under this Plan. In this capacity, the Committee also has the authority to construe and interpret the provisions of the Plan and all awards under the Plan
and to establish, amend, and rescind rules and regulations for the administration of the Plan, all of which will be binding on the Recipient. 

  

	3.	Basic Award Terms. The name of the Recipient, the date of the Award and the number of Deferred Stock Units being awarded are set forth separately in Exhibit A to an award letter from Ferro to the Recipient which
refers expressly to this document. 

  

	4.	Deferred Stock Units. Each Deferred Stock Unit represents one share of Ferro Common Stock. The Deferred Stock Units vest immediately at the time of the Award; however, the Deferred Stock Units will be held for
the account of the Recipient and will not be converted into shares of Ferro Common Stock until the Recipient ceases to serve as a Director of the Company (the “Holding Period”). Upon cessation of Recipient’s service as a Director, one
share of Ferro Common Stock will be delivered for each Deferred Stock Unit held. During the Holding Period, the Recipient will not be entitled to exercise any voting rights with respect to the shares of Ferro Common Stock that correspond to the
Deferred Stock Units, but the Recipient will be entitled to receive a cash payment equivalent to any cash distributions or dividends paid on Ferro Common Stock with respect to the Deferred Stock Units during the Holding Period. 

 

	5.	Conversion. As soon as practicable after the end of the Holding Period, Ferro will deliver to the Recipient the number of shares of Ferro Common Stock that correspond to the number of Deferred Stock Units.

  

	6.	Death. If a Recipient’s service ceases by reason of the Director’s death, the person who is entitled by will or the applicable laws of descent and distribution will be eligible to receive at the number
of shares of Common Stock of the Company that correspond to the number of Deferred Stock Units held by such Recipient. 

  

	7.	Legal Restrictions on Issuance of Shares. No shares of Ferro Common Stock will be issued in respect of an Award if and to the extent such issuance would violate: 

 

	 	A.	Any applicable state securities law; 

  

	 	B.	Any applicable registration or other requirements under the Securities Act of 1933 (the “1933 Act”), as amended, the Securities Exchange Act of 1934, as amended, or the listing requirements of any stock
exchange; or 

  

	 	C.	Any applicable legal requirement of any other government authority. 

  

	 	Ferro	 will make reasonable efforts to comply with the foregoing laws and requirements so as to

	 	
permit the issuance of shares of Ferro Common Stock in respect of Awards. Furthermore, if a Registration Statement with respect to the shares to be issued in respect of an Award is not in effect
or if counsel for Ferro deems it necessary or desirable in order to avoid possible violation of the 1933 Act, then Ferro may require, as a condition to its issuance and delivery of certificates for the shares, the delivery to Ferro of a commitment
in writing by the person to whom the shares are being issued that at the time of such exercise it is his or her intention to acquire such shares for his or her own account for investment only and not with a view to, or for resale in connection with,
the distribution thereof; that such person understands the shares may be “restricted securities” as defined in Rule 144 of the Securities and Exchange Commission; and that any resale, transfer or other disposition of said shares will be
accomplished only in compliance with Rule 144, the 1933 Act, or the other Rules and Regulations there under. Ferro may place on the certificates evidencing such shares an appropriate legend reflecting the aforesaid commitment and the Company may
refuse to permit transfer of such certificates until it has been furnished evidence satisfactory to it that no violation of the 1933 Act or the Rules and Regulations there under would be involved in such transfer. 

 

	8.	Withholding. All amounts paid to or on behalf of the Recipient in respect of Deferred Stock Units will be subject to withholding as required by law. 

 

	9.	Transferability. No Deferred Stock Units are transferable by the Recipient other than by will or by the laws of descent and distribution. 

 

	10.	Adjustments on Changes in Capitalization. If at any time during the Holding Period, the shares of Ferro Common Stock are changed or Ferro makes an “extraordinary distribution” or effects a “prorata
repurchase” of Common Stock as described in Section 7 of the Plan or takes any other action described in that section, then the shares issuable in respect of an Award will be appropriately adjusted as provided in such section.

  
 - 2 -WEX 2014.06.30 Exhibit 10.1

Exhibit 10.1
Confidential Materials omitted and filed separately with the
Securities and Exchange Commission. Double asterisks denote omissions.

        

WEX Inc. Special Incentive Plan

To:        George Hogan
From:        Melissa Smith
Date:        May 16, 2014
Re:        Special Incentive Plan

In recognition of the critical role you play in the achievement of the organizational goals for International and your new role as SVP, International, WEX Inc. will pay you the following special incentive based upon your satisfactory completion of the following deliverables:

		
	1.
	 Achievement of 2014 International Revenue target of $[**]

In addition to the deliverables above being met and approved by Melissa Smith, you must also have a “meets” or higher performance rating at the time of payout and not be under any written performance improvement plan.

Provided you are employed by WEX when achievement of the deliverable has been verified and approved, the following payouts will be made in addition to the ordinary compensation earned by you during the performance period or under any other Company incentive plan:   $50,000.00 (Fifty Thousand Dollars) gross incentive. 

Note: All payouts dates are subject to revision and no payout shall be made before the associated deliverable is completed.

The Incentive shall be payable at the next regular pay period following satisfactory completion, verification and approval of the performance achievement.  If you voluntarily leave the company prematurely, or are terminated for poor performance or other cause prior to any of the above deliverable dates, you will not receive any pending Special Incentive payout as outlined.  If you are terminated involuntarily without cause and provided you have made satisfactory progress on the performance milestones and objectives at the time of your termination and provided further you execute a general release of claims against the Company, you shall be entitled to receive a prorated portion of the Special Incentive Plan ("Prorated Special Incentive").  The Prorated Special Incentive shall be equal to the number of days you worked on the project divided by the total number of days in this Period, times the Special Incentive payout specified above.   The Prorated Special Incentive shall be made at the next regular pay period.  If the objectives are not reached, no Special Incentive payout or Prorated Special Incentive shall be paid under this agreement.
 
This memorandum is not intended to create a contract of employment, and the Company reserves all rights with respect to the terms of your continued employment other than as expressly set forth in this memorandum.

Acknowledged and Agreed                 

/s/ Melissa D. Smith                /s/ George Hogan
Melissa D. Smith                    George Hogan

CONFIDENTIAL AND PROPRIETARY, WEX Inc.
ActiveUS 132730555v.1

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