Document:

exv10w13

 

Exhibit 10.13

CAL DIVE INTERNATIONAL, INC.

Summary of

2007

Executive Officer Cash Compensation

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Bonus Opportunity	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	Base	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total	 	 	Base and	 
	 	 	Salary	 	 	Performance	 	 	Group	 	 	Corporate	 	 	Bonus	 	 	Bonus	 
	Executive Management Team	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Quinn J. Hébert

President and CEO
	 	$	438,864	 	 	$	287,071	 	 	$	287,071	 	 	$	143,535	 	 	$	717,677	 	 	$	1,156,541	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Scott T. Naughton

Executive VP and COO
	 	 	286,965	 	 	 	170,488	 	 	 	170,488	 	 	 	85,244	 	 	 	426,220	 	 	 	713,185	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	G. Kregg Lunsford

Exec VP, CFO and Treasurer
	 	 	227,982	 	 	 	108,919	 	 	 	108,919	 	 	 	54,459	 	 	 	292,297	 	 	 	520,279	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lisa M. Buchanan

VP, General Counsel and Secretary
	 	 	190,000	 	 	 	87,114	 	 	 	87,114	 	 	 	43,557	 	 	 	217,784	 	 	 	407,784exv4w17

 

Exhibit 4.17

PACIFIC ENERGY PARTNERS, L.P.

PACIFIC ENERGY FINANCE CORPORATION

And

the Guarantors named herein

 

7 1/8 % SENIOR NOTES DUE 2014

 

 

FORM OF SUPPLEMENTAL INDENTURE

AND AMENDMENT — SUBSIDIARY GUARANTEE

DATED AS OF SEPTEMBER 23, 2005

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

Trustee

 

 

 

     This SUPPLEMENTAL INDENTURE, dated as of September 23, 2005. is among Pacific Energy
Partners, L.P., a Delaware limited Partnership (the “Company”), Pacific Energy Finance
Corporation, a Delaware corporation (“Finance Corp.” and, together with the Company, the
“Issuers”), each of the parties identified under the caption “Guarantors” on the signature
page hereto (the “Guarantors”) and Wells Fargo Bank, National Association, a New York
banking corporation, as Trustee.

RECITALS

     WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into an Indenture, dated
as of June 16, 2004 (the “Indenture”), pursuant to which the company has issued
$250,000,000 in aggregate principal amount of 7 1/8% Senior Notes due 2014 (the “Notes”);

     WHEREAS, Section 9.01(g) of the Indenture provides that the Issuers, the Guarantors and the
Trustee may amend or supplement the Indenture in order to comply with Section 4.13 or 10.03
thereof, without the consent of the Holders of the Notes; and

     WHEREAS, all acts and things prescribed by the Indenture, by law and by the Certificate of
Incorporation and the Bylaws (or comparable constituent documents) of the Issuers, of the
Guarantors and of the Trustee necessary to make this Supplemental Indenture a valid instrument
legally binding on the Issuers, the Guarantors and the Trustee, in accordance with its terms, have
been duly done and performed;

     NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the
above premises, the Issuers, the Guarantors and the Trustee covenant and agree for the equal and
proportionate benefit of the respective Holders of the Notes as follows:

ARTICLE 1

     Section 1.01. This Supplemental Indenture is supplemental to the Indenture and does and shall
be deemed to form a part of, and shall be construed in connection with and as part of, the
Indenture for any and all purposes.

     Section 1.02. This Supplemental Indenture shall become effective immediately upon its
execution and delivery by each of the Issuers, the Guarantors and the Trustee.

ARTICLE 2

     From this date, in accordance with Section 4.13 or 10.03 and by executing this Supplemental
Indenture, the Guarantors whose signatures appear below are subject to the provisions of the
Indenture to the extent provided for in Article 10 thereunder.

ARTICLE 3

     Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all
respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in
accordance with their terms with all capitalized terms used herein without definition having the
same respective meanings ascribed to them as in the Indenture.

 

 

     Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this
Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject
to all the terms and conditions set forth in the Indenture with the same force and effect as if
those terms and conditions were repeated at length herein and made applicable to the Trustee with
respect hereto.

     Section 3.03. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

     Section 3.04. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of such executed copies together shall represent the same
agreement.

[NEXT PAGE IS SIGNATURE PAGE]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first written above.

	 	 	 	 	 
	 	 	PACIFIC ENERGY PARTNERS, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,

Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	PACIFIC ENERGY FINANCE CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,

Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	GUARANTORS:
	 
	 	 	 	 
	 	 	PACIFIC ATLANTIC TERMINALS LLC
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Group LLC,

its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Partners, L.P.,
its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP, LP,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,
Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	PACIFIC ENERGY GROUP LLC
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Partner, L.P.,
its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP, LP,

its general partner

 

 

	 	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,
Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	PEG CANADA GP LLC
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Partners, L.P.
its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP, LP,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,
Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	PEG CANADA, L.P.
	 
	 	 	 	 
	 

	 	By:
	 	PEG Canada GP LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President
Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	ROCKY MOUNTAIN PIPELINE SYSTEM LLC
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Group LLC

its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Partners, L.P.,
its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP, LP,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,
Chief Financial Officer and Treasurer

 

 

	 	 	 	 	 
	 
	 	 	 	 
	 	 	RANCH PIPELINE LLC
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Group LLC,

its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Partners, L.P.,
its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP, LP,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,
Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	PACIFIC MARKETING AND TRANSPORTATION LLC
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Group LLC,

its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Partners, L.P.,
its sole member
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy GP, LP,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	Pacific Energy Management LLC,

its general partner
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Gerald A. Tywoniuk
	 

	 	 	 	 
	 

	 	 	 	Gerald A. Tywoniuk, Senior Vice President,

Chief Financial Officer and Treasurer
	 
	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Maddy Hall
	 

	 	 	 	 
	 

	 	 	 	Name: Maddy Hall

Title: Assistant Vice Presidentexv10w22

 

Exhibit 10.22

Director Compensation Summary

     Each director of our general partner who is not an employee of our general partner is
reimbursed for any travel, lodging and other out-of-pocket expenses related to meeting attendance
or otherwise related to service on the board (including, without limitation, reimbursement for
continuing education expenses). Each non-employee director is currently paid an annual retainer fee of $45,000. Mr.
Armstrong is otherwise compensated for his services as an employee and therefore receives no
separate compensation for his services as a director. In addition to the annual retainer, each
committee chairman (other than the chairman of the audit committee) receives $2,000 annually. The
chairman of the audit committee receives $30,000 annually, and the other members of the audit
committee receive $15,000 annually, in each case, in addition to the annual retainer. Mr. Petersen
assigns any compensation he receives in his capacity as a director to EnCap Energy Capital Fund
III, L.P. (EnCap III), which is controlled by EnCap Investments L.P., of which Mr. Petersen is a
Managing Director. Mr. Capobianco assigns any compensation he receives in his capacity as a
director to Vulcan Capital.

     Our non-employee directors receive LTIP awards or cash equivalent awards as part of their
compensation. The LTIP awards vest annually in 25% increments and have an automatic re-grant feature
such that as they vest, an equivalent amount is granted. The three non-employee directors who
serve on our audit committee each received a grant of 10,000 units (vesting 2,500 units per year),
and Mr. Sinnott received a grant of 5,000 units (vesting 1,250 units per year). For Mr. Petersen
and Mr. Capobianco, a cash payment equivalent in value to the annual vesting of Mr. Sinnott’s award
will be made to EnCap III and Vulcan Capital, respectively. All LTIP awards held by a director
will vest in full upon the next vesting date after the death or disability (as determined in good
faith by the board) of the director. For any “independent” directors (as defined in the GP LLC
Agreement, and currently including Messrs. Goyanes, Smith and Symonds), the units will also vest in
full if such director (i) retires (no longer with full-time employment and no longer serving as an
officer or director of any public company) or (ii) is removed from the Board or is not reelected to
the Board, unless such removal or failure to reelect is for “good cause,” as defined in the letter
granting the phantom units.

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