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Exhibit 10.12    
    

 
 

DIRECTOR COMPENSATION    
    

        The following compensation arrangements have been established for the Board of Directors of the Company: All outside directors will receive an annual retainer of
$25,000. The chairpersons of the Audit Committee, the Compensation Committee, the Risk Oversight Committee, and the Nominating/Governance Committee will for this service receive retainers of $10,000,
of $7,000, of $5,000, and of $5,000 respectively. Outside directors also receive a meeting fee of $1,000 for each Board and Committee meeting attended. Outside directors also receive an annual grant
of $40,000 of restricted stock, which stock has 3-year cliff vesting. Directors have the option to receive their $25,000 annual retainer in the form of stock at a 25% premium
(i.e., $31,250 of stock) if they agree to hold the stock for at least one year. No separate compensation is paid to directors who are also employees of the Company. 

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Exhibit 10.12

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Exhibit 10.13    
    

 
 

NAMED EXECUTIVE OFFICER COMPENSATION    
    

        The following are adjustments to base salary, cash bonus payments for 2007 work, and grants of incentive stock were approved for the Company's CEO and the persons
expected to be named executive officers in its Proxy Statement for the 2008 Annual Meeting of Shareholders. Adjustments to salary are effective as of March 1, 2008. Cash bonuses are paid on or
about March 5, 2008. 

	Executive Officer
 
	 	Title
	 	2008

Salary
	 	2007

Cash Bonus
	 	Shares of

Non-Qualified

Stock Options
	 	Restricted

Stock Award
	 
	Dominic Ng	 	Chairman of the Board, President

and Chief Executive Officer	 	$	800,000	 	$	1,208,000	 	174,964	 	54,676	(1)
	Julia Gouw	 	Executive Vice President and Chief

Financial Officer	 	$	306,748	 	$	320,000	 	18,966	 	4,742	 
	Wellington Chen	 	Executive Vice President and

Director of Corporate Banking	 	$	245,705	 	$	162,000	 	13,276	 	3,319	 
	Doug Krause	 	Executive Vice President, Chief

Risk Officer, General Counsel, and

Secretary	 	$	231,509	 	$	225,000	 	14,225	 	3,556	 
	Donald Chow	 	President of Desert Community

Bank	 	$	224,957	 	$	142,000	 	8,535	 	2,134	 

	(1)
	Performance
restricted stock vesting in 2 years. Number of shares that will vest depends on meeting performance criteria. The restricted share awards represent the maximum
number of shares that will be granted if pre-established earnings per share performance goals are met. 

        Stock
options are all non-qualified options issued under the 1998 Stock Incentive Plan of the Company; the restricted stock is also issued under the 1998 Stock Incentive Plan
of the Company. Options vest over 4 years as follows: 1/3 after 2 years, 1/3 after 3 years, and 1/3 after 4 years. The
restricted stock of the named officers other than the CEO vests 50% after 4 years and 50% after 5 years. 

        The
Company also approved performance goals for the CEO. The CEO's goals are set under the Performance-Based Bonus Plan approved by shareholders in 2002 and are based on earnings per
share and return on equity; the bonus award will range from 0% to 250% of base salary. 

        The
Company will provide additional information regarding the compensation paid to the named executive officers for the 2007 fiscal year in its Proxy Statement for the 2008 Annual
Meeting of Shareholders. 

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Exhibit 10.13

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Exhibit 10(a)(15)    
    

AMENDMENT TWO TO THE

AQUILA, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

(Amended and Restated Effective as of January 1, 2005)  

        This Amendment is made by Aquila, Inc., a Delaware corporation (the "Company"). 

        WHEREAS,
the Company maintains the Aquila, Inc. Supplemental Executive Retirement Plan (the "Plan") the benefit of a select group of management or highly compensated employees;
and 

        WHEREAS,
the Plan was most recently amended and restated in its entirety on July 31, 2007 and amended by Amendment One dated November 7, 2007, and the Company now desires
to further amend the Plan to clarify the manner in which a participant's benefit is computed; 

        NOW,
THEREFORE, the Plan is amended as follows: 

        A.    The
third paragraph under the introductory "History and Purpose" section is amended to read as follows: 

        Notwithstanding
any provision in this document to the contrary, in no event shall a Participant's combined benefit under this Plan and the Retirement Income Plan be less than his
combined benefit as of December 31, 2004. 

        B.    The
definition of "Projected Credited Service" under Section 1.14 is amended by deleting the reference to: "..., for purposes of computing a Participant's
Supplemental SERP Benefit,..." 

        C.    Section 3.02
is amended by deleting the reference to "a Participant's" and inserting "an active employee's" in lieu thereof. 

        D.    The
first paragraph of Section 4.01, Basic SERP Benefit, is amended to read as follows: 

        Subject
to Section 3.01(a) and Section 6.02, a Participant's Basic SERP Benefit, as adjusted pursuant to Section 4.04, shall be equal to (A) minus (B), where: 

	(A) =	An amount equal to the sum of (i) plus (ii) plus (iii), multiplied by (iv), where:
	

 	

(i) =	

Eighty-five hundredths percent (.85%) of the Participant's average monthly base pay multiplied by his years of Projected Credited Service up to thirty (30);
	

 	

(ii) =	

Four tenths percent (.40%) of the Participant's average monthly base pay in excess of his Covered Compensation multiplied by his years of Projected Credited Service up to thirty (30);
	

 	

(iii) =	

Forty-five hundredths percent (.45%) of the Participant's average monthly base pay multiplied by his years of Credited Service prior to January 1, 1989;
	

 	

(iv) =	

The ratio of the Participant's actual years of Credited Service to his Projected Credited Service; and
	

(B) =	

the benefit actually payable to or on behalf of such Participant under the Retirement Income Plan.

        E.    The
first paragraph of Section 4.02, Bonus SERP Benefit, is amended to read as follows 

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        Subject to Section 3.01(b) and Section 6.02, a Participant's Bonus SERP Benefit, as adjusted pursuant to Section 4.04, shall be equal to (A)
minus (B) minus (C), where: 

	(A) =	An amount equal to the sum of (i) plus (ii) plus (iii), multiplied by (iv), where:
	

 	

(i) =	

Eighty-five hundredths percent (.85%) of the Participant's average monthly total pay multiplied by his years of Projected Credited Service up to thirty (30);
	

 	

(ii) =	

Four tenths percent (.40%) of the Participant's average monthly total pay in excess of his Covered Compensation multiplied by his years of Projected Credited Service up to thirty (30);
	

 	

(iii) =	

Forty-five hundredths percent (.45%) of the Participant's average monthly total pay multiplied by his years of Credited Service prior to January 1, 1989;
	

 	

(iv) =	

The ratio of the Participant's actual years of Credited Service to his Projected Credited Service;
	

(B) =	

the benefit actually payable to or on behalf of such Participant under the Retirement Income Plan; and
	

(C) =	

the Participant's Basic SERP Benefit payable under this Plan.

        F.     Section 4.04(b)(ii)
is to read as follows: 

         (ii)  if
the lump sum present value of a Participant's Non-Grandfathered Benefit does not exceed $10,000, then such Non-Grandfathered Benefit shall be
paid in a single lump sum within 30 days following the Participant's separation from service (as defined in Code Section 409A and the regulations issued thereunder). 

[Signature page to follow] 

2

 

        IN
WITNESS WHEREOF, this Amendment is adopted this 29th day of February 2008, but effective as of January 1, 2005. 

	 	By:	 	/s/ Leo Morton

	 	Title:	 	Senior Vice President & Chief Administrative Officer

3

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Exhibit 10.21.1    
    

 
  Compensatory Arrangements of Certain Officers    
    

        On February 27, 2007, the Compensation Committee of the Board of Directors (the "Committee") of Genzyme Corporation ("Genzyme") determined 2007 incentive
bonuses for Genzyme's named executive officers. Prior to the beginning of 2007, the Committee had established a bonus target for each named executive officer. 

        For
each of the named executive officers, the bonus target includes both a corporate performance component and an individual performance component, which components are weighted on an
individual basis. The corporate performance component is payable based on the extent to which Genzyme achieves the operating income goals approved by the Board of Directors in connection with setting
the 2007 annual budget. The current corporate performance bonus formula allows for 100% payment when 100% of the target is met. If the performance target is exceeded, for every 1% above the target,
2.5% is added to the bonus payment, up to a maximum of 150% payment for achievement of 120% or more of the target. If the performance target is not met, for every 1% below the target, 1.5% is reduced
from the bonus payment. No corporate bonus is paid if less than 86% of the target is met. For 2007, Genzyme exceeded the operating income goals by 12% and, in accordance with the formula, the
Committee awarded the corporate performance component at 130% of target. The Committee also evaluated the individual performance of each of the named executive officers. The Committee awarded to the
named executive officers the individual performance component at 90% to 105% of target. For 2007, the Committee awarded to the named executive officers aggregate total bonuses ranging from 120% to
124% of target. 

        The
2007 base salaries and incentive bonuses for Genzyme's named executive officers are listed below. Additional information regarding compensation of the Company's named executive
officers will be included in Genzyme's proxy statement to be filed in connection with its Annual Meeting of Shareholders to be held on May 22, 2008. 

	Named Executive Officer
 
	 	2007 Base Salary
	 	2007 Bonus

	Henri A. Termeer

Chief Executive Officer	 	$	1,505,000	 	$	2,142,000
	

Earl M. Collier, Jr.

Executive Vice President	
 	
$	

537,000	
 	
$	

555,000
	

Alan Smith

Senior Vice President & Chief Science Officer	
 	
$	

490,000	
 	
$	

436,000
	

Peter Wirth

Executive Vice President; Chief Legal Officer	
 	
$	

706,000	
 	
$	

560,000
	

Michael S. Wyzga

Executive Vice President; Chief Financial Officer	
 	
$	

490,000	
 	
$	

560,000

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Exhibit 10.21.1

Compensatory Arrangements of Certain Officers

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