Document:

Amendment to Convergys Executive Deferred Compensation Plan

 Exhibit 10.25 
  
 AMENDMENT TO 
 CONVERGYS CORPORATION 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
  
 The Convergys Corporation Executive Deferred Compensation Plan is hereby
amended in the following respects, effective as of February 24, 2004: 
  
 1. Section 3.1.2 is amended to read as follows: 
  
 3.1.2 Subject to such rules as the Committee may prescribed, a Key Employee may elect prior to January 1 of a calendar year (or such earlier date as may be prescribed by the Committee) to defer up to 100% (subject to
applicable withholding) or a specific dollar amount (not less than $1,000) of (i) any Annual Cash Incentive Award and/or (ii) any award granted under the Convergys 1998 Long Term Incentive Plan (the “1998 LTIP”) which is payable in the
form of cash (e.g., performance units payable in cash), otherwise payable during the calendar year pursuant to procedures established by the Committee. For purposes of the Plan, “Annual Cash Incentive Award” means the annual incentive
award or bonus payable in cash to a Key Employee by a Convergys Entity. 
  
 2. Section 3.1.3 is amended to read as follows: 
  
 3.1.3 Subject to such rules as the Committee may prescribe, a Key Employee who has received a Restricted Stock Award may elect to surrender any of the restricted Convergys Shares (or in case of an award of restricted
stock units, may elect to forfeit his right to receive in the future all or a portion of the Convergys Shares subject to such award) as of any date permitted by the Committee (not later than six months prior to the date on which the restrictions
otherwise applicable to such shares would lapse (or, in the case of restricted stock units, the date on which the Convergys Shares would have otherwise been issued) in exchange for a credit to the Key Employee’s Restricted Stock Account
pursuant to Section 4.2. For purposes of the Plan, “Restricted Stock Award” means an award of Convergys Shares under the 1998 LTIP that is in the form of restricted stock, restricted stock units or performance shares. 
  
 3. Section 4.1 is amended to add the following to the end thereof:

  
 Any amount credited to such Account as a result of an
election to defer an element of Basic Salary that is otherwise subject to forfeiture in the event that certain conditions are not satisfied (e.g., deferral of a hiring bonus that is forfeitable in the event the employee does not remain employed for
some specified period of time) shall be subject to forfeiture to the same 

  

 
extent such amount would have been if such amount had not been deferred. 
  
 4. The first two sentences of Section 4.2 are hereby amended to read as follows: 
  
 4.2 Restricted Stock Accounts. There shall be
established for each Key Employee who has elected to surrender or forfeit all or a portion of a Restricted Stock Award under Section 3.1.3 a separate Account, called a Restricted Stock Account, which shall reflect the value of the Convergys Shares
surrendered or forfeited by the Key Employee under Section 3.1.3 and the assumed investment thereof. Subject to such rules as the Committee may prescribed, an amount equal to the value of the Convergys Shares surrendered by the Key Employee under
Section 3.1.3 (or, in the case of restricted stock units, an amount equal to the number of Convergys Shares that the Key Employee has elected to forfeit his right to receive) shall be credited to the Key Employee’s Restricted Stock Account as
of the day on which the Convergys Shares (or right to receive Convergys Shares) are surrendered to Convergys (or forfeited), except in the case of Restricted Stock Awards that are conditioned upon the satisfaction of certain objective performance
criteria, in which case the credit shall be made once it has been determined to what extent such objective performance criteria has been satisfied and the amount of shares with respect to which restrictions would have otherwise lapsed (or, in the
case of restricted stock units, the amount of Convergys Shares that would have otherwise been issued). 
  
 IN WITNESS WHEREOF, the Convergys Corporation Compensation & Benefits Committee has caused its name to be subscribed as of the effective date.

  

			
	 CONVERGYS CORPORATION

	 COMPENSATION & BENEFITS COMMITTEE

		
	By	 	 /s/ Steven C. MasonShare Transfer Agreement

 Exhibit 10.g 
  
 SHARE TRANSFER AGREEMENT 
  
 This Share Transfer Agreement (the “Agreement”) is dated as of August 1, 2004, by and among Texas Instruments Incorporated, a Delaware
corporation (“TI”), MEMC Electronic Materials, Inc., a Delaware corporation (“MEMC Inc.”) and MEMC Southwest Inc., a Delaware corporation (“MEMC SW”). 
  
 WHEREAS, MEMC Inc. and TI formed MEMC SW as a joint venture for the purpose
of manufacturing and selling silicon wafers; 
  
 WHEREAS, MEMC
Inc. owns 80% of the issued and outstanding shares of common stock of MEMC SW and TI owns 20% of the issued and outstanding shares of common stock of MEMC SW; and 
  
 WHEREAS, TI has agreed to transfer its 20% interest in MEMC SW to MEMC Inc. and MEMC Inc. has agreed to accept the transfer
of such shares in consideration for the agreements and covenants contained herein). 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, TI, MEMC Inc. and MEMC SW hereby agree as follows: 
  
 Article 1 
 Definitions 
  
 1.1
“Closing” means the consummation of the transactions described in Article 2 of this Agreement. 
  
 1.2 “Closing Date” means August 1, 2004. 
  
 1.3 “Shareholders’ Agreement” means that certain Shareholders’ Agreement, dated as of May 16, 1995, by and between MEMC Inc. and TI, which was
accepted and ratified by MEMC SW on May 30, 1995, as amended by the First Amendment to Shareholders’ Agreement dated as of April 20, 1999, the Second Amendment to Shareholders’ Agreement dated as of April 1, 2000 and the Third Amendment to
Shareholders’ Agreement dated as of December 6, 2001. 
  
 1.4 “Supply
Letter of Intent” means that certain Supply Letter of Intent attached hereto as Exhibit A. 
  
 1.5 “Technology Transfer Agreement” means that certain Technology Transfer Agreement, dated as of June 30, 1995, by and among TI, MEMC SW and MEMC Inc. 
  
 1.6 “TI Certificate” means MEMC SW stock certificate no. 2 issued to TI for
2,000 shares of MEMC SW common stock. 
  

 1.7 “TI Consent Letters” means, collectively: (i) that certain letter agreement, dated as of November
13, 2001, by and among MEMC Inc., TI and MEMC SW, (ii) that certain letter agreement, dated as of December 21, 2001, by and among MEMC Inc., TI and MEMC SW, and (iii) that certain letter agreement, dated as of March 5, 2002, by and among MEMC Inc.,
TI and MEMC SW. 
  
 1.8 “TI Purchase Agreement” shall mean that
certain TI Purchase Agreement by and among TI, MEMC SW and MEMC Inc., dated as of June 30, 1995, as amended by the First Amendment to Purchase Agreement dated as of April 1, 2000. 
  
 Article 2 
 Share Transfer 
  
 2.1 Share Transfer. In consideration for
the agreements and covenants contained herein and in the Supply Letter of Intent, TI agrees to transfer and assign to MEMC Inc. on the Closing Date and MEMC Inc. agrees to accept from TI on the Closing Date, all of the shares of MEMC SW common stock
owned by TI. 
  
 2.2 Closing Deliveries. On the Closing Date, TI agrees
that it will deliver to MEMC Inc.: (i) the TI Certificate, registered in the name of TI and accompanied by a stock power duly signed by TI and (ii) a signed letter of resignation from TI’s representative on the MEMC SW Board of Directors. If
the Closing has not occurred by August 31, 2004, then MEMC Inc. or TI may terminate this Agreement effective upon written notice to the other. 
  
 Article 3 
 Termination of Existing
Agreements 
  
 3.1 Termination of TI Purchase Agreement. The parties
hereto agree that the TI Purchase Agreement shall terminate effective upon the Closing, subject to the provisions of the following sentences. The parties agree that the following terms and conditions of the TI Purchase Agreement shall survive
termination: (i) those terms and conditions specifically referred to in Section 2.6 of the Supply Letter of Intent and (ii) Article XI - Warranties and Representations, Article XIV - Default and Mediation, Article XX - Export Control and Section
22.05 - No Incidental or Consequential Damages. The parties further agree that termination of the TI Purchase Agreement shall not terminate the parties’ obligations and liabilities that have accrued thereunder as of the date of termination,
except for obligations and claims released pursuant to Sections 5.2 and 5.4, hereof. 
  
 3.2 Termination of Technology Transfer Agreement. The parties hereto agree that the Technology Transfer Agreement shall terminate effective upon the Closing. 
  
 3.3 Termination of TI Consent Letters. The parties hereto agree that each of the TI Consent Letters shall terminate effective upon
the Closing. 
  
 3.4 Survival of Shareholders’ Agreement Provisions.
The parties hereto agree that the following provisions of the Shareholders’ Agreement shall survive the Closing: (i) Section 11.03 - Nonsolicitation, and (ii) Article 27 - Indemnification. 
  

 Article 4 
 Ongoing Business Relationship 
  
 The parties hereto intend to engage in an ongoing business relationship after the Closing Date as set forth in the Supply Letter of Intent attached hereto as Exhibit A. 
  
 Article 5 
 Representations, Warranties and Releases 
  
 5.1 TI
Representations and Warranties. TI makes the following representations and warranties to MEMC Inc. and MEMC SW, each of which is true and correct on the date hereof and shall be true and correct on the Closing Date: 
  
 (a) It is a corporation duly organized, existing and in good standing under
the laws of the State of Delaware, and has all requisite corporate power and authority to execute and deliver this Agreement and other documents required to be executed and delivered hereunder and to perform its obligations hereunder and thereunder.

  
 (b) This Agreement has been duly and validly authorized,
executed and delivered by it and constitutes the legal, valid and binding obligation of it, enforceable against it in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency or other similar laws
affecting creditors rights generally, or (ii) general principles of equity. 
  
 (c) The execution, delivery and performance by it of this Agreement does not (i) violate or conflict with its articles of incorporation, or (ii) result in any material breach of, or constitute a material default under
any contract to which it is a party. 
  
 (d) The execution,
delivery and performance by it of this Agreement does not require the consent of any governmental authority. 
  
 (e) It is the legal owner of 2,000 shares of MEMC SW common stock, as evidenced by the TI Certificate, free and clear of any liens or encumbrances, and
has the full power and authority to transfer such shares as provided herein. Such shares represent the entire interest of TI in the issued share capital of MEMC SW. 
  
 5.2 TI Releases. TI hereby releases and discharges all past, existing and future claims or demands, known or unknown, against MEMC
Inc. and/or MEMC SW arising out of or in relation to TI’s past ownership of shares of MEMC SW stock and/or service by a TI representative on the board of directors of MEMC SW. TI also hereby releases and discharges all claims related to past
business transactions with MEMC Inc. or MEMC SW (except claims related to the quality of silicon material sold to TI by MEMC Inc. or MEMC SW). 
  
 5.3 MEMC Representations and Warranties. Each of MEMC Inc. and MEMC SW makes the following representations and warranties to TI, each of which is true and correct
on the date hereof and shall be true and correct on the Closing Date: 
  
 (a) It is a corporation duly organized, existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to execute and deliver this Agreement and other documents required to be
executed and delivered hereunder and to perform its obligations hereunder and thereunder. 
  

 (b) This Agreement has been duly and validly authorized, executed and delivered by it and constitutes the
legal, valid and binding obligation of it, enforceable against it in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency or other similar laws affecting creditors rights generally, or (ii) general
principles of equity. 
  
 (c) The execution, delivery and
performance by it of this Agreement does not (i) violate or conflict with its articles of incorporation, or (ii) result in any material breach of, or constitute a material default under any contract to which it is a party. 
  
 (d) The execution, delivery and performance by it of this Agreement does not
require the consent of any governmental authority. 
  
 5.4 MEMC Releases.
MEMC Inc. and MEMC SW hereby individually, jointly and severally release and discharge all past, existing and future claims or demands, known or unknown, against TI and its current and past officers, directors and employees arising out of or in
relation to TI’s past ownership of shares of MEMC SW stock and/or service by a TI representative on the board of directors of MEMC SW. MEMC Inc. and MEMC SW also hereby individually, jointly and severally release and discharge all claims
against TI related to past business transactions with MEMC Inc. or MEMC SW (except claims related to payment for silicon material (i) which has been purchased by TI from MEMC Inc. or MEMC SW on or prior to the Closing Date or (ii) which is on order
by TI from MEMC Inc. or MEMC SW as of the Closing Date). 
  
 Article 6 
 Notices 
  
 All notices required hereunder shall be in writing and shall be sent by a overnight courier service, or may be sent via facsimile, subject to confirmation via overnight
courier service, and shall be addressed to the parties at their addresses set forth below or to such other address(es) as may be furnished by written notice in the manner set forth herein. Notices shall be deemed to have been served when delivered
or, if delivery is not performed as a result of the addressee’s fault, when tendered. 
  

			
	 If to TI:
	  	Texas Instruments Incorporated
	 	  	Office of the General Counsel
	 	  	7839 Churchill Way, MS 3999
	 	  	Dallas, TX. 75251
	 	  	Attention: Kent Johnson, Esq.
		
	 	  	Fax No.: 972-917-5347
		
	 If to MEMC Inc. or MEMC SW:
	  	MEMC Electronic Materials, Inc.
	 	  	501 Pearl Drive
	 	  	St. Peters, MO 63376
	 	  	Attn: General Counsel
		
	 	  	Fax No.: 636-474-5158

  

 Article 7 
 Miscellaneous 
  
 7.1 Entire
Agreement. This Agreement and the exhibits hereto constitute the entire agreement between TI, MEMC Inc. and MEMC SW relating to the subject matter hereof and supersede all prior agreements, oral or written, and all other communications between
the parties with respect to the subject matter hereof. 
  
 7.2 Governing
Law. This Agreement shall be governed by the laws of the State of Texas, without regard to any conflicts of law principles that may require the application of the laws of any other jurisdiction. 
  
 7.3 Severability. If any provision of this Agreement shall be held illegal or
unenforceable, that provision shall be limited or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect and enforceable. 
  
 7.4 Further Acts, Instruments. Each party hereto agrees to execute, acknowledge and deliver such further instruments, and to do all
such other acts, as may be necessary or appropriate in order to carry out the purposes and intent of this Agreement. 
  
 7.5 Waivers. No waiver by either party with respect to any breach or default or of any right or remedy and no course of dealing or performance shall be deemed to
constitute a continuing waiver of any other right or remedy, unless such waiver be expressed in writing signed by the party to be bound. 
  
 7.6 Counterparts. This Agreement may be executed in any number of counterparts and when so executed and delivered shall have the same force and effect as though
all signatures appeared on one document. 
  
 7.7 Captions and Headings.
Section and paragraph captions and headings are inserted for convenience only and in no way are to be construed to define, limit or affect the construction or interpretation hereof. Furthermore, the use of the various terms defined in this Agreement
in the singular or plural shall in no way be construed to define, limit or affect the construction or interpretation hereof. 
  
 7.8 Modifications. This Agreement may not be modified by any oral agreement or representation or by other than any instrument in writing of subsequent date,
executed by the parties by their duly authorized representatives. 
  
 7.9
Indemnification. Each party shall indemnify, defend and hold harmless the other parties and their directors, officers, employees and agents from and against all claims or liabilities asserted against, imposed upon or incurred by such party or
its subsidiaries or joint ventures or any of their directors, officers, employees or agents to the extent such claims or liabilities directly or indirectly arise out of, result from or relate to the breach by the indemnifying party of any
representation, warranty or covenant made by it pursuant to this Agreement. 
  

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written and the
terms herein shall be effective as of that date. 
  

									
	 MEMC ELECTRONIC MATERIALS, INC.
	 	 	 	 TEXAS INSTRUMENTS INCORPORATED

					
	 By:
	 	/s/    NABEEL GAREEB        	 	 	 	 By:
	 	/s/    ROB SIMPSON        
	 Name:
	 	Nabeel Gareeb	 	 	 	 Name:
	 	Rob Simpson
	 Title:
	 	CEO	 	 	 	 Title:
	 	 Vice President, Worldwide
 Procurement & Logistics

			
	 MEMC SOUTHWEST INC.
	 	 	 	 
					
	 By:
	 	/s/    KENNETH L. YOUNG        	 	 	 	 	 	 
	 Name:
	 	Kenneth L. Young	 	 	 	 	 	 
	 Title:
	 	Treasurer

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