Document:

EX-10.2

 

EXHIBIT 10.2

FIRST AMENDMENT TO AGREEMENT

     THIS FIRST AMENDMENT TO AGREEMENT IS MADE AND ENTERED INTO at Cleveland, Ohio this
9th day of November, 2006 by and between FOREST CITY ENTERPRISES, INC., an Ohio
corporation, of Terminal Tower, 50 Public Square, Suite 1100, Cleveland, Ohio 44113-2267,
hereinafter referred to as “Company”, and CHARLES A. RATNER of 16980 South Park Boulevard,
Shaker Heights, Ohio, hereinafter referred to as “Employee”.

     WHEREAS, the Company and the Employee desire to amend the Employment Agreement dated July
20, 2005 as specifically stated herein:

     NOW, THEREFORE, for good and valid consideration, the company and Employee agree to amend
the Agreement dated July 20, 2005, and effective as of February 1, 2005, as follows:

     The following new paragraph number 7 is added to the Agreement:

“ 7. Noncompetition: The Company acknowledges that the Employee owns and will
continue to own,
alone or in conjunction with others, certain retail and residential properties which
have not been
transferred to the Company. These properties may be managed, developed, expanded,
operated
and sold by the owners, independently of the business of the Company. Should Employee
sell property, Employee may purchase additional property, to effectuate a Section 1031
tax free exchange under the Internal Revenue Code, with the prior approval of the Audit
Committee. Except for this property, and any potential purchase of property to effect a
tax deferred transaction, Employee will engage in all business activities of the type
conducted by the Company only through and on behalf of the Company, as long
as he is employed by the Company. Employee further agrees to update the disclosure of
real estate holdings on an annual basis in connection with the Company’s annual conflict
of interest questionnaire distributed to management, as required by the Audit Committee
of the Board of Directors.

Employee may invest in commercial, industrial and residential real estate properties or
projects as a passive investor holding directly and indirectly, up to 10 percent (10%)
of the equity of any such entity, as long as such ownership interest is not deemed a
majority or controlling interest in the entity. For purposes of this provision,
Employee will be deemed to be a passive investor in an entity only if he does not,
directly or indirectly, participate in or control either the day to day or strategic
management of the entity.”

     All other terms and conditions of the Agreement, except as modified herein, shall remain
unchanged by this First Amendment.

     IN WITNESS WHEREOF, the parties hereto have set their hands the day and year first above
written.

	 	 	 	 	 	 	 
	 	 	FOREST CITY ENTERPRISES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ ALBERT B. RATNER	 	 
	 	 	 	 	 	 	 
	 	 	 	 	ALBERT B. RATNER, Co-Chairman of the Board	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ THOMAS G. SMITH	 	 
	 	 	 	 	 	 	 
	 	 	 	 	THOMAS G. SMITH, Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ CHARLES A. RATNER	 	 
	 	 	 	 	 
	 	 	CHARLES A. RATNER, EmployeeEX-10.3

 

EXHIBIT 10.3

FIRST AMENDMENT TO AGREEMENT

     THIS FIRST AMENDMENT TO AGREEMENT IS MADE AND ENTERED INTO at Cleveland, Ohio this
9th day of November, 2006 by and between FOREST CITY ENTERPRISES, INC., an Ohio
corporation, of Terminal Tower, 50 Public Square, Suite 1100, Cleveland, Ohio 44113-2267,
hereinafter referred to as “Company”, and JAMES A. RATNER of 19750 Shaker Boulevard, Shaker
Heights, Ohio, hereinafter referred to as “Employee”.

     WHEREAS, the Company and the Employee desire to amend the Employment Agreement dated July
20, 2005 as specifically stated herein:

     NOW, THEREFORE, for good and valid consideration, the company and Employee agree to amend
the Agreement dated July 20, 2005, and effective as of February 1, 2005, as follows:

     The following new paragraph number 7 is added to the Agreement:

“ 7. Noncompetition: The Company acknowledges that the Employee owns and will
continue to own,
alone or in conjunction with others, certain retail and residential properties which
have not been
transferred to the Company. These properties may be managed, developed, expanded,
operated
and sold by the owners, independently of the business of the Company. Should Employee
sell property, Employee may purchase additional property, to effectuate a Section 1031
tax free exchange under the Internal Revenue Code, with the prior approval of the Audit
Committee. Except for this property, and any potential purchase of property to effect a
tax deferred transaction, Employee will engage in all business activities of the type
conducted by the Company only through and on behalf of the Company, as long
as he is employed by the Company. Employee further agrees to update the disclosure of
real estate holdings on an annual basis in connection with the Company’s annual conflict
of interest questionnaire distributed to management, as required by the Audit Committee
of the Board of Directors.

Employee may invest in commercial, industrial and residential real estate properties or
projects as a passive investor holding directly and indirectly, up to 10 percent (10%)
of the equity of any such entity, as long as such ownership interest is not deemed a
majority or controlling interest in the entity. For purposes of this provision,
Employee will be deemed to be a passive investor in an entity only if he does not,
directly or indirectly, participate in or control either the day to day or strategic
management of the entity.”

     All other terms and conditions of the Agreement, except as modified herein, shall remain
unchanged by this First Amendment.

     IN WITNESS WHEREOF, the parties hereto have set their hands the day and year first above
written.

	 	 	 	 	 	 	 
	 	 	FOREST CITY ENTERPRISES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ CHARLES A. RATNER	 	 
	 	 	 	 	 	 	 
	 	 	 	 	CHARLES A. RATNER, President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ THOMAS G. SMITH	 	 
	 	 	 	 	 	 	 
	 	 	 	 	THOMAS G. SMITH, Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ JAMES A. RATNER	 	 
	 	 	 	 	 
	 	 	JAMES A. RATNER, EmployeeEX-10.4

 

EXHIBIT 10.4

FIRST AMENDMENT TO AGREEMENT

     THIS FIRST AMENDMENT TO AGREEMENT IS MADE AND ENTERED INTO at Cleveland, Ohio this
9th day of November, 2006 by and between FOREST CITY ENTERPRISES, INC., an Ohio
corporation, of Terminal Tower, 50 Public Square, Suite 1100, Cleveland, Ohio 44113-2267,
hereinafter referred to as “Company”, and RONALD A. RATNER of 17300 Parkland Drive, Shaker
Heights, Ohio, hereinafter referred to as “Employee”.

     WHEREAS, the Company and the Employee desire to amend the Employment Agreement dated July
20, 2005 as specifically stated herein:

     NOW, THEREFORE, for good and valid consideration, the company and Employee agree to amend
the Agreement dated July 20, 2005, and effective as of February 1, 2005, as follows:

     The following new paragraph number 7 is added to the Agreement:

“ 7. Noncompetition: The Company acknowledges that the Employee owns and will
continue to own,
alone or in conjunction with others, certain retail and residential properties which
have not been
transferred to the Company. These properties may be managed, developed, expanded,
operated
and sold by the owners, independently of the business of the Company. Should Employee
sell property, Employee may purchase additional property, to effectuate a Section 1031
tax free exchange under the Internal Revenue Code, with the prior approval of the Audit
Committee. Except for this property, and any potential purchase of property to effect a
tax deferred transaction, Employee will engage in all business activities of the type
conducted by the Company only through and on behalf of the Company, as long
as he is employed by the Company. Employee further agrees to update the disclosure of
real estate holdings on an annual basis in connection with the Company’s annual conflict
of interest questionnaire distributed to management, as required by the Audit Committee
of the Board of Directors.

Employee may invest in commercial, industrial and residential real estate properties or
projects as a passive investor holding directly and indirectly, up to 10 percent (10%)
of the equity of any such entity, as long as such ownership interest is not deemed a
majority or controlling interest in the entity. For purposes of this provision,
Employee will be deemed to be a passive investor in an entity only if he does not,
directly or indirectly, participate in or control either the day to day or strategic
management of the entity.”

     All other terms and conditions of the Agreement, except as modified herein, shall remain
unchanged by this First Amendment.

     IN WITNESS WHEREOF, the parties hereto have set their hands the day and year first above
written.

	 	 	 	 	 	 	 
	 	 	FOREST CITY ENTERPRISES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ CHARLES A. RATNER	 	 
	 	 	 	 	 	 	 
	 	 	 	 	CHARLES A. RATNER, President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ THOMAS G. SMITH	 	 
	 	 	 	 	 	 	 
	 	 	 	 	THOMAS G. SMITH, Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ RONALD A. RATNER	 	 
	 	 	 	 	 	 	 
	 	 	RONALD A. RATNER, Employeeexv10w1

 

Exhibit 10.1

AMENDMENT NO. 1 TO

CONSULTING AND NON-COMPETITION AGREEMENT

     This AMENDMENT NO. 1 TO CONSULTING AND NON-COMPETITION AGREEMENT (this “Amendment”),
dated November ___, 2006, is made by and between Western Refining, Inc., a Delaware corporation
(the “Company”), and Fred L. Holliger (“Consultant”). Capitalized terms used but
not defined in this Amendment shall have the same meanings therefore as set forth in the Consulting
Agreement (as defined below).

RECITALS

     WHEREAS, the Company and Consultant entered into that certain Consulting and Non-Competition
Agreement, dated as of August 26, 2006 (the “Consulting Agreement”); and

     WHEREAS, the parties to the Consulting Agreement desire to amend certain provisions thereof as
set forth in this Amendment;

     NOW, THEREFORE, in consideration of the foregoing, and of the representations, warranties,
covenants and agreements contained herein, the parties agree as follows:

          1. Amendments.

     (a) Services. Section 2.2(b) of the Consulting Agreement is hereby amended to
read in its entirety as follows: “Consultant shall be available to render the Services to
the Company for not more than forty (40) hours during any month during the first year of the
Consulting Period, not more than thirty (30) hours during any month during the second year
of the Consulting Period, and not more than twenty (20) hours during any month during the
remainder of the Consulting Period.”

     (b) No Aircraft Allowance. Section 2.5 of the Consulting Agreement is hereby
deleted in its entirety.

     (c) Annual Compensation. Section 5.1 of the Consulting Agreement is hereby
amended by replacing the “$730,000” Consulting Payment set forth therein with the following
amount: “$440,000.”

          2. Continued Effectiveness of Consulting Agreement. Except as specifically amended by
this Amendment, the Consulting Agreement shall continue in full force and effect in accordance with
the provisions thereof as in existence on the date hereof and is hereby ratified and confirmed in
all respects.

          3. Entire Agreement. This Amendment and the Consulting Agreement constitute the
entire agreement of the parties with regard to the subject matter hereof and thereof and contain
all of the covenants, promises, representations, warranties and agreements between the parties with
respect to such subject matter. Any modification of this Amendment will be effective only if it is
in writing and signed by the party to be charged.

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          4. Applicable Law; Jurisdiction. This Amendment is entered into under, and shall be
governed for all purposes by, the laws of the State of Arizona, without reference to its choice of
law provisions. The parties agree that any disputes arising out of or related in any way to this
Amendment, including a breach of this Amendment, shall be filed exclusively in the state or federal
courts in Maricopa County, Arizona. The parties consent and agree to the jurisdiction of the
Arizona courts. Neither party will argue or contend that it is not subject to the jurisdiction of
the Arizona courts or that venue in Maricopa County, Arizona, is improper. The parties understand
that they are giving up valuable legal rights under this provision, and that they voluntarily and
knowingly waive those rights.

          5. Counterparts. This Amendment may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which together will constitute one and the same
agreement.

          6. Headings. The paragraph headings have been inserted for purposes of convenience
and shall not be used for interpretive purposes.

          7. Severability. Any provision in this Amendment which is prohibited or unenforceable
in any jurisdiction by reason of applicable law shall, as to such jurisdiction, be ineffective only
to the extent of such prohibition or unenforceability without invalidating or affecting the
remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

[SIGNATURE PAGE FOLLOWS]

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     IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the
date set forth above.

	 	 	 
	 

	 	THE COMPANY:
	 
	 	 
	 

	 	Western Refining, Inc.
	 
	 	 
	 

	 	By: /s/ Paul L. Foster
	 

	 	Name: Paul L. Foster
	 

	 	Title: President and Chief Executive Officer
	 
	 	 
	 

	 	CONSULTANT:
	 
	 	 
	 

	 	/s/ Fred L. Holliger

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