Document:

Retention Bonus Letter to James P. Dietz

 Exhibit 10.9 
  

							
	

	  	 	    	 

		 	
	 

  
 

	  	 	    	 JERRY L. STARKEY
 President and CEO  
  
 August 14, 2007
  
 Mr. James P. Dietz
 Chief Financial Officer
 WCI Communities, Inc.
 24301 Walden Center Dr.
 Bonita Springs, FL 34134
  
 Dear Jim:
  
 In recognition of your pivotal role in meeting the Company’s financial reporting obligations and in order to encourage your sustained efforts to achieve critical
financial reporting milestones in the face of substantial staff attrition in our financial and accounting areas, on August 9, 2007, the Executive Compensation Committee approved a special retention bonus to you of up to $100,000, provided that you
sign this agreement and follow all its terms. To receive this bonus, you must be actively employed by the Company on the applicable vesting date for each payment, as described below. One half of the bonus ($50,000) will be earned and vested upon the
filing with the SEC of the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2007. The second half of the bonus ($50,000) will be earned and vested upon the filing with the SEC of the Company’s Annual Report on
Form 10-K for the year ending December 31, 2007. The retention bonus installments are payable within 10 business days after the applicable vesting dates. This retention bonus will be in addition to any other compensation or benefits which you may
otherwise be eligible to receive.
  
 This retention bonus should be viewed as an
indication of the Company’s confidence in and appreciation of your abilities, and as an additional form of compensation to meet a special need. It is not a permanent or recurring element of your compensation, nor will it impact any other
element of compensation for which you may otherwise be eligible.
  
 Jim, we appreciate
your dedicated service during this challenging time.
  
 Sincerely,
  
 /s/ Jerry L. Starkey
 Jerry L. Starkey
 Chief Executive Officer
 WCI Communities, Inc.
  

		 		
	  
 

  
 

  
	  	 	    	 Accepted this 14th day of August,
2007
  
 /s/ James P. Dietz
 James P. Dietz
	 	
	  	    	  
 The Experience Is
Everything.SMexhibit4_1.htm

     

    Exhibit
      4.1

    

     

    FORM
      OF RIGHTS CERTIFICATE

     

    Certificate
      No.
      R-___________         ___________Rights
      in respect of Class __ Common Stock

     

    NOT
      EXERCISABLE AFTER DECEMBER 31, 2008 OR EARLIER IF REDEEMED, EXCHANGED OR
      AMENDED.  THE RIGHTS ARE SUBJECT TO REDEMPTION, EXCHANGE AND AMENDMENT
      AT THE OPTION OF THE COMPANY, ON THE TERMS SET FORTH IN THE RIGHTS
      AGREEMENT.  UNDER CERTAIN CIRCUMSTANCES SPECIFIED IN THE RIGHTS
      AGREEMENT, RIGHTS THAT ARE OR WERE BENEFICIALLY OWNED BY AN ACQUIRING PERSON
      OR
      AN AFFILIATE OR AN ASSOCIATE OF AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED
      IN THE RIGHTS AGREEMENT) OR A TRANSFEREE THEREOF MAY BECOME NULL AND
      VOID.

     

    RIGHTS
      CERTIFICATE

     

    Charter
      Communications, Inc.

     

    This
      certifies that _________________, or registered assigns, is the registered
      owner
      of the number of Rights set forth above, each of which entitles the owner
      thereof, subject to the terms, provisions, and conditions of the Rights
      Agreement (including without limitation Section 11(a)(ii)), (the
“Rights Agreement”), by and between Charter
      Communications, Inc., a Delaware corporation (the
“Company”), and Mellon Investor Services LLC, a New
      Jersey limited liability company (the “Rights Agent”),
      dated as of August 14, 2007, to purchase from the Company at any time after
      the
      Distribution Date (as such term is defined in the Rights Agreement) and prior
      to
      5:00 p.m. (New York time) on the Expiration Date (as such term is defined in
      the
      Rights Agreement) at the office or offices of the Rights Agent designated for
      such purpose, one one-thousandth of a fully paid nonassessable share of Series
      B
      Junior Preferred Stock, par value $0.001 per share (the “Preferred
      Shares”), of the Company, at a purchase price of $25.00 per one
      one-thousandth of a Preferred Share (the “Purchase
      Price”), upon presentation and surrender of this Rights
      Certificate with the Form of Election to Purchase and related Certificate duly
      executed.  If this Rights Certificate is exercised in part, the holder
      will be entitled to receive upon surrender hereof another Rights Certificate
      or
      Rights Certificates for the number of whole Rights not exercised.  The
      number of Rights evidenced by this Rights Certificate (and the number of one
      one-thousandths of a Preferred Share which may be purchased upon exercise
      thereof) set forth above, and the Purchase Price set forth above, are the number
      and Purchase Price as of the date of the Rights Agreement, based on the
      Preferred Shares as constituted at such date.  Terms used herein with
      initial capital letters and not defined herein are used herein with the meanings
      ascribed thereto in the Rights Agreement.

     

    As
      provided in the Rights Agreement, the Purchase Price and/or the number and/or
      kind of shares of Preferred Stock (or other securities, as the case may be)
      which may be purchased upon the exercise of the Rights evidenced by this Rights
      Certificate are subject to adjustment upon the occurrence of certain
      events.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    This
      Rights Certificate is subject to all of the terms, provisions and conditions
      of
      the Rights Agreement, which terms, provisions and conditions are hereby
      incorporated herein by reference and made a part hereof and to which Rights
      Agreement reference is hereby made for a full description of the rights,
      limitations of rights, obligations, duties and immunities of the Rights Agent,
      the Company and the holders of the Rights Certificates, which limitations of
      rights include the temporary suspension of the exercisability of the Rights
      under the circumstances specified in the Rights Agreement.  Copies of
      the Rights Agreement are on file at the principal executive offices of the
      Company and can be obtained from the Company without charge upon written request
      therefor.

     

    Pursuant
      to the Rights Agreement, from and after the occurrence of a Flip-in Event,
      any
      Rights that are Beneficially Owned by (i) any Acquiring Person (or any Affiliate
      or Associate of any Acquiring Person), (ii) a transferee of any Acquiring Person
      (or any such Affiliate or Associate) who becomes a transferee after the
      occurrence of a Flip-in Event or (iii) a transferee of any Acquiring Person
      (or
      any such Affiliate or Associate) who became a transferee prior to or
      concurrently with the Flip-in Event pursuant to either (a) a transfer from
      an
      Acquiring Person to holders of its equity securities or to any Person with
      whom
      it has any continuing agreement, arrangement or understanding regarding the
      transferred Rights or (b) a transfer which the Board of Directors of the Company
      has determined is part of a plan, arrangement or understanding which has the
      purpose or effect of avoiding certain provisions of the Rights Agreement, and
      subsequent transferees of any of such Persons, will be void without any further
      action and any holder of such Rights will thereafter have no rights whatsoever
      with respect to such Rights under any provision of the Rights
      Agreement.  From and after the occurrence of a Flip-in Event, no
      Rights Certificate will be issued that represents Rights that are or have become
      void pursuant to the provisions of the Rights Agreement, and any Rights
      Certificate delivered to the Rights Agent that represents Rights that are or
      have become void pursuant to the provisions of the Rights Agreement will be
      canceled.

     

    This
      Rights Certificate, with or without other Rights Certificates, may be
      transferred, split up, combined or exchanged for another Rights Certificate
      or
      Rights Certificates entitling the holder to purchase a like number of one
      one-thousandths of a Preferred Share (or other securities, as the case may
      be)
      as the Rights Certificate or Rights Certificates surrendered entitled such
      holder (or former holder in the case of a transfer) to purchase, upon
      presentation and surrender hereof at the office or offices of the Rights Agent
      designated for such purpose, with the Form of Assignment (if appropriate) and
      the related Certificate duly executed.

     

    Subject
      to the provisions of the Rights Agreement, the Rights evidenced by this
      Certificate may be redeemed by the Company at its option at a redemption price
      of $0.001 per Right or may be exchanged in whole or in part.  The
      Rights Agreement may be supplemented and amended by the Company, as provided
      therein.

     

    The
      Company is not required to issue fractions of Preferred Shares (other than
      fractions which are integral multiples of one one-thousandth of a Preferred
      Share, which may, at the option of the Company, be evidenced by depositary
      receipts) or other securities issuable, as the case may be, upon the exercise
      of
      any Right or Rights evidenced hereby.  If pursuant to an exchange in
      accordance with the terms of the Rights Agreement, a registered holder of
      any

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Rights
      Certificate is entitled to receive shares of Class A Common Stock or Class
      B
      common stock in a principal amount that is not a whole number, the Company
      will
      round downward the amount of shares of Class A common stock or Class B common
      stock, as the case may be, so issued to the nearest whole number.

     

    No
      holder
      of this Rights Certificate, as such, will be entitled to vote or receive
      dividends or be deemed for any purpose the holder of the Preferred Shares or
      of
      any other securities of the Company which may at any time be issuable upon
      the
      exercise of the Right or Rights represented hereby, nor will anything contained
      herein or in the Rights Agreement be construed to confer  upon the
      holder hereof, as such, any of the rights of a stockholder of the Company or
      any
      right to vote for the election of directors or upon any matter submitted to
      stockholders at any meeting thereof, or to give or withhold consent to any
      corporate action, or to receive notice of meetings or other actions affecting
      stockholders (except as provided in the Rights Agreement), or to receive
      dividends or subscription rights, or otherwise, until the Right or Rights
      evidenced by this Rights Certificate have been exercised in accordance with
      the
      provisions of the Rights Agreement.

     

    This
      Rights Certificate will not be valid or obligatory for any purpose until it
      has
      been countersigned by the Rights Agent.

     

    

     

    [Remainder
      Of Page Left Intentionally Blank]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    WITNESS
      the facsimile signature of the proper officers of the Company and its corporate
      seal.  Dated as of ___________, ______________.

     

    

     

    CHARTER
      COMMUNICATIONS, INC.

     

    By:                                                                           

    Name:

    Title:

     

    

     

    Countersigned:

     

    MELLON
      INVESTOR SERVICES LLC

     

    By:  _________________________________

    Name:

    Title:

    

    
      
              

                  Signature
            page for Rights
            Certificate      
    

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Form
      of
      Reverse Side of Rights Certificate

     

    FORM
      OF ASSIGNMENT

    +(To
      be
      executed by the registered holder if such holder desires to transfer the Rights
      Certificate)

     

    FOR
      VALUE
      RECEIVED, _______________________ hereby sells, assigns and transfers
      unto

     

     

    _____________________________________________________________________________

    (Please
      print name and address of transferee)

     

    this
      Rights Certificate, together with all right, title and interest therein, and
      does hereby irrevocably constitute and appoint Attorney, to transfer the within
      Rights Certificate on the books of the within-named Company, with full power
      of
      substitution.

     

    Dated
      :  __________, __________________

     

    _________________________________________

    Signature

     

    Signature(s)
      Guaranteed:

     

    SIGNATURE(S)
      SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS,
      SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
      SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE
      17Ad-15.

     

    _________________

     

    The
      undersigned hereby certifies that the Rights evidenced by this Rights
      Certificate are not beneficially owned by an Acquiring Person or an Affiliate
      or
      Associate thereof (as defined in the Rights Agreement).

     

    __________________________________________

                                    Signature

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    CERTIFICATE

     

    The
      undersigned hereby certifies by checking the appropriate boxes
      that:

     

    (1)           the
      Rights evidenced by this Rights Certificate q are q
      are not being sold,
      assigned, transferred, split up, combined or exchanged by or on behalf of a
      Person who is or was an Acquiring Person or an Affiliate or Associate of any
      such Person (as such terms are defined in the Rights Agreement);
      and

     

    (2)           after
      due inquiry and to the best knowledge of the undersigned, it q did q
      did not acquire the
      Rights evidenced by this Rights Certificate from any Person who is, was or
      became an Acquiring Person or an Affiliate or Associate of an Acquiring
      Person.

     

    Dated:  _________,
      ___________________

     

    __________________________________________

                                    Signature

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Form
      of
      Reverse Side of Rights Certificate – continued

     

    FORM
      OF ELECTION TO PURCHASE

     

    (To
      be
      executed if holder desires to exercise the Rights Certificate)

     

    To
      Charter Communications, Inc.:

     

    The
      undersigned hereby irrevocably elects to exercise ________________ Rights
      represented by this Rights Certificate to purchase the one one-thousandths
      of a
      Preferred Share or other securities issuable upon the exercise of such Rights
      and requests that certificates for such securities be issued in the name of
      and
      delivered to:

     

    Please
      insert social security or other identifying
      number:  _________________________

     

    ______________________________________________________________________________

    (Please
      print name and address)

     

    If
      such
      number of Rights is not all the Rights evidenced by this Rights Certificate,
      a
      new Rights Certificate for the balance remaining of such Rights will be
      registered in the name of and delivered to:

     

    Please
      insert social security or other identifying
      number:  _______________________________

     

    ______________________________________________________________________________

    (Please
      print name and address)

     

     

    Dated:  ___________,
      __________________

     

                                    __________________________________________

                                                                    Signature

     

    Signature(s)
      Guaranteed:

     

    SIGNATURE(S)
      SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS,
      SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
      SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE
      17Ad-15.

     

    _________________

     

    The
      undersigned hereby certifies that the Rights evidenced by this Rights
      Certificate are not beneficially owned by an Acquiring Person or an Affiliate
      or
      Associate thereof (as defined in the Rights Agreement).

                                    __________________________________________

                                    Signature

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    CERTIFICATE

     

    The
      undersigned hereby certifies by checking the appropriate boxes
      that:

     

    (1)           the
      Rights evidenced by this Rights Certificate q are q
      are not being exercised
      by or on behalf of a Person who is or was an Acquiring Person or an Affiliate
      or
      Associate of any such Person (as such terms are defined pursuant to the Rights
      Agreement); and

     

    (2)           after
      due inquiry and to the best knowledge of the undersigned, it q did q
      did not acquire the
      Rights evidenced by this Rights Certificate from any Person who is, was, or
      became an Acquiring Person or an Affiliate or Associate of an Acquiring
      Person.

     

    Dated:  ______________,
      _____________

     

                                    __________________________________________

                                                             Signature

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    NOTICE

     

    Signatures
      on the foregoing Form of Assignment and Form of Election to Purchase and in
      the
      related Certificates must correspond to the name as written upon the face of
      this Rights Certificate in every particular, without alteration or enlargement
      or any change whatsoever.

     

    In
      the event the certification set forth above in the Form of Assignment or the
      Form of Election to Purchase, as the case may be, is not completed, the Company
      and the Rights Agent will deem the beneficial owner of the Rights evidenced
      by
      this Rights Certificate to be an Acquiring Person or an Affiliate or Associate
      thereof (as defined in the Rights Agreement) and such assignment or election
      purchase will not be honored.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]