Document:

First Amendment to Senior Management Employment Agreement

 Exhibit 10.73 
  
 SHURGARD STORAGE CENTERS, INC. 
 FIRST AMENDMENT TO SENIOR MANAGEMENT EMPLOYMENT AGREEMENT 
  
 This First Amendment to the Senior Management Employment Agreement (the “Amendment”) is made as of January 17, 2006, by and
between Shurgard Storage Centers, Inc., a Washington corporation (the “Company”), and David K Grant (“Executive”). 
  
 WHEREAS, the Company and Executive are parties to a Senior Management Employment Agreement dated as of
December 17, 2003 (the “Employment Agreement”); 
  
 WHEREAS, the Company and the Executive desire to amend the Employment Agreement. 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Section 4(a) shall be amended in its entirety to read as follows: 
  
 “(a) Termination Payment. Subject to Section 4(b)(i), in recognition of past services to the Company by
Executive, the Company shall make a lump sum payment in cash to Executive as severance pay within ten (10) business days following the date of Termination equal to two and one-half (2 1/2) times the sum of: (i) Executive’s annual base
salary in effect immediately prior to the date that either a Business Combination shall occur or such date of Termination, whichever salary is higher; plus (ii) the greater of, (a) Executive’s target bonus in effect immediately prior
to the date of a Business Combination, or (b) Executive’s target bonus in effect immediately prior to the date of Termination.” 
  
 2. Section 8(b) shall be renumbered as Section 8(d). 
  
 3. A new Section 8(b) shall be added to read as follows: 
  
 “(b) Notwithstanding anything to the contrary herein, in the event that, prior to a Business Combination, Executive’s employment with the
Company is terminated by the Company for Cause, voluntarily by Executive other than for Good Reason or due to Executive’s death or Disability, then this Agreement shall automatically terminate without any payments or other benefits hereunder.
In the event that Executive is rehired by the Company after Executive’s employment is terminated with the Company for any reason, the Board, in its sole discretion, shall determine whether it is appropriate and in the best interests of the
Company to enter into a new Senior Management Employment Agreement or other similar agreement with Executive.” 
  
 4. A new Section 8(c) shall be added to read as follows: 
  
 “(c) In the event that, upon Executive’s written request, the Board grants Executive a leave of absence, this Agreement shall automatically
terminate upon commencement of Executive’s leave of absence and be of no further force or effect, unless (i) the Company and Executive agree, in writing, that this Agreement shall continue in effect during Executive’s leave of absence
or (ii) such a termination of this Agreement would violate any applicable laws.” 

 5. Section 9(d) shall be amended in its entirety to read as follows: 
  
 “(d) Legal Expenses. The Company shall pay all of
Executive’s reasonable costs and expenses in connection with any litigation, arbitration or similar proceeding, whether or not instituted by the Company or Executive, with respect to the interpretation or enforcement of any provision of this
Agreement, including reasonable attorneys’ fees and disbursements, in connection with such litigation, arbitration or similar proceeding; provided, however, that Executive shall pay all of Executive’s costs and expenses in
connection with any litigation, arbitration or similar proceeding with respect to the interpretation or enforcement of any provision of this Agreement if a court or arbitrator determines that Executive’s suit was frivolous or brought in bad
faith. The Company shall pay prejudgment interest on any money judgment obtained by Executive as a result of such proceedings, calculated at the published commercial interest rate of Bank of America, N.A., for its best customers, as in effect from
time to time from the date that payment should have been made to Executive under this Agreement.” 
  
 6. Section 9(i) shall be renumbered as Section 9(k). 
  
 7. A new Section 9(i) shall be added to read: 
  
 “(i) Entire Agreement. This Agreement represents the entire agreement between the Company and Executive concerning the subject matter herein
and supersedes any and all negotiations, prior discussions and agreements (oral or written) between the Company and Executive with respect to the subject matter herein.” 
  
 8. A new Section 9(j) shall be added to read: 
  
 “(j) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original and all of which together shall be considered one and the same agreement.” 
  
 9. Subparagraph (d) of the definition of “Business Combination” set forth in Schedule A shall be amended such that each reference therein to “corporation” shall be changed to
“entity”. 
  
 10. Employment Agreement. To the
extent not amended hereby, the Employment Agreement shall continue with full force and effect in accordance with its terms. 
  
 11. Counterparts. This Amendment may be executed in counterparts, and each counterpart shall have the same force and effect as an original and
shall constitute an effective, binding agreement on the part of each of the undersigned. Execution and delivery of this Amendment by exchange of facsimile copies bearing the facsimile signature of a party shall constitute a valid and binding
execution and delivery of the Amendment by such party. Such facsimile copies shall constitute enforceable original documents. 
  
 12. Headings. All captions and section headings used in this Amendment are for convenient reference only and do not form a part of this Amendment.

  
 13. Governing Law. This Amendment will be governed by
the laws of the State of Washington (with the exception of its conflict of laws provisions). 
  

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 IN WITNESS WHEREOF, this Amendment has been entered into as of the date first set forth above.

  

					
	SHURGARD STORAGE CENTERS, INC.	 	EMPLOYEE
			
	  	 	 	 	  
	 By:
	 	 	 	 Signature

	 Title:
	 	 	 	 
			
	  	 	 	 	  
	 	 	 	 	 Printed Name

  
 Signature Page of
First Amendment To Senior Management Employment Agreement 
  

 -3-Amendment to the Company's 2000 Long-Term Incentive Plan

 Exhibit 10.74 
  
 FIRST AMENDMENT TO THE 
 SHURGARD STORAGE CENTERS, INC. 
 2000 LONG-TERM INCENTIVE PLAN 
  
 WHEREAS, Shurgard Storage Centers, Inc. (the “Company”), maintains
and sponsors the Shurgard Storage Centers, Inc. 2000 Long-Term Incentive Plan (the “Plan”) for the benefit of its eligible employees and the eligible employees of its subsidiaries; and 
  
 WHEREAS, the Board of Directors of the Company (the “Board”) has
the authority to amend the Plan at any time pursuant to Section 18.1 of the Plan; and 
  
 WHEREAS, the Board has determined that it is in the best interests of the Company to amend the Plan. 
  
 NOW, THEREFORE, the Plan is hereby amended as follows: 
  
 1. A new Section 2.6(d) shall be added to state: 
  
 “(d) The occupying of a majority of the seats (other than vacant seats) on the Board by individuals who
were neither nominated or appointed by a majority of the Incumbent Directors; or” 
  
 2. A new Section 2.6(e) shall be added to state: 
  
 “(e) The acquisition, directly or indirectly, by any Person of beneficial ownership of 15% or more of
the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors, which acquisition is not approved in advance by a majority of the Incumbent Directors.” 
  
 3. “Incumbent Director” shall be defined as
follows: 
  
 “INCUMBENT DIRECTOR 

 
 “Incumbent Director” means a member of the
Board who has been either (a) nominated by a majority of the directors of the Company then in office, or (b) appointed by directors so nominated, but excluding, for this purpose, any such individual whose initial assumption of office
occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board.” 
  
 4.
“Person” shall be defined as follows: 
  
 “PERSON 
  
 “Person”
means any individual, entity or group (as such term is used in Section 13(d)(3) or 14(d)(2) of the Exchange Act).” 

 5. Governing Law. This First Amendment shall be construed and governed by the laws
of the State of Washington, without giving effect to conflicts of laws principles thereof which might refer such interpretations to the laws of a different state or jurisdiction. 
  
 6. Full Force and Effect of the Plan. Except as specifically amended herein, all other provisions of
the Plan shall remain in full force and effect in accordance with its terms. All references in the Plan to “the Plan” shall be deemed to refer to the Plan as amended by this First Amendment. 
  

 - 2 -Amendment to the Company's 2004 Long-Term Incentive Plan

 Exhibit 10.75 
  
 FIRST AMENDMENT TO THE 
 SHURGARD STORAGE CENTERS, INC. 
 2004 LONG-TERM INCENTIVE PLAN 
  
 WHEREAS, Shurgard Storage Centers, Inc. (the “Company”), maintains
and sponsors the Shurgard Storage Centers, Inc. 2004 Long-Term Incentive Plan (the “Plan”) for the benefit of its eligible employees and the eligible employees of its subsidiaries; and 
  
 WHEREAS, the Board of Directors of the Company (the “Board”) has
the authority to amend the Plan at any time pursuant to Section 18.1 of the Plan; and 
  
 WHEREAS, the Board has determined that it is in the best interests of the Company to amend the Plan. 
  
 NOW, THEREFORE, the Plan is hereby amended as follows: 
  
 1. A new Section 2.6(d) shall be added to state: 
  
 “(d) The occupying of a majority of the seats (other than vacant seats) on the Board by individuals who
were neither nominated or appointed by a majority of the Incumbent Directors; or” 
  
 2. A new Section 2.6(e) shall be added to state: 
  
 “(e) The acquisition, directly or indirectly, by any Person of beneficial ownership of 15% or more of
the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors, which acquisition is not approved in advance by a majority of the Incumbent Directors.” 
  
 3. “Incumbent Director” shall be defined as
follows: 
  
 “Incumbent Director 

 
 “Incumbent Director” means a member of the
Board who has been either (a) nominated by a majority of the directors of the Company then in office, or (b) appointed by directors so nominated, but excluding, for this purpose, any such individual whose initial assumption of office
occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board.” 
  
 4.
“Person” shall be defined as follows: 
  
 “Person 
  
 “Person”
means any individual, entity or group (as such term is used in Section 13(d)(3) or 14(d)(2) of the Exchange Act).” 

 5. Governing Law. This First Amendment shall be construed and governed by the laws
of the State of Washington, without giving effect to conflicts of laws principles thereof which might refer such interpretations to the laws of a different state or jurisdiction. 
  
 6. Full Force and Effect of the Plan. Except as specifically amended herein, all other provisions of
the Plan shall remain in full force and effect in accordance with its terms. All references in the Plan to “the Plan” shall be deemed to refer to the Plan as amended by this First Amendment. 
  

 - 2 -

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