Document:

exv10w4

 

EXHIBIT
10.4

Retention Bonus Plan

Dobson Communications Corporation (the “Company”) desires to put in place a Retention Bonus
Plan (the “Plan”) that will be designed to provide appropriate incentives to employees to
maintain their employment at the Company from the signing of a definitive merger agreement through
the closing of the transaction and a short time thereafter. The key concepts driving the Plan will
be as follows.

	1.	 	The Plan shall be capped at an amount not to exceed $19,401,000. Payments to employees will
be on a two tiered basis. 50% of an employee’s retention bonus will be paid at the closing of
the transaction. The remaining 50% of each employee’s retention bonus will be paid 30 days
after closing.
	 
	2.	 	The driving principles of the Plan will be to ensure that the Company has the necessary
manpower to run the operation of the business and satisfy the terms of Article 6.1 of the
merger agreement. The funds in the Plan will be allocated at the discretion of the Executive
Management of the Company. The Company’s Executive Management will use appropriate fiscal
responsibility in its allocation of these funds to allow the operation of the business to be
conducted in a usual and customary manner. To the extent that the maximum amount of the Plan
is not necessary to accomplish the goal of the Plan, Executive Management will use reasonable
efforts to expend less than the full amount of the Plan authorization.
	 
	3.	 	Everett R. Dobson, Steven P. Dussek, and Bruce R. Knooihuizen will not be eligible for any
payments from the Plan.
	 
	4.	 	Participants will be notified of their retention bonus and the payment procedure by letter.
	 
	5.	 	Participants will receive payments from the Plan if they are employed by the Company on each
payment date. If an employee is terminated without cause prior to either payment date, the
employee will receive the full amount of the retention bonus originally offered to him/her.
An employee who is eligible for payment from the Plan and becomes disabled or dies prior to
either payment date will receive the full amount of the anticipated payment.
	 
	6.	 	Participants will not be eligible for payment under the Plan if, prior to the vesting date,
they voluntarily terminate their employment with the Company or are terminated for cause.
	 
	7.	 	A payment to any employee will not exceed 200% of the sum of that employee’s annual salary
and bonus.exv10w1

 

Exhibit 10.1

THIRD AMENDMENT TO CREDIT AGREEMENT

     THIS AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of July 1, 2007, by
and between COLUMBIA SPORTSWEAR COMPANY, an Oregon corporation (“Borrower”), and WELLS FARGO BANK,
NATIONAL ASSOCIATION (“Bank”).

RECITALS

     WHEREAS, Borrower is currently indebted to Bank pursuant to the terms and conditions of that
certain Credit Agreement between Borrower and Bank dated as of December 16, 2004, as amended from
time to time (“Credit Agreement”).

     WHEREAS, Bank and Borrower have agreed to certain changes in the terms and conditions set
forth in the Credit Agreement and have agreed to amend the Credit Agreement to reflect said
changes.

     NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree that the Credit Agreement shall be amended as follows:

     1.      The definition of “Maturity Date” set forth in Section 1.1 of Article I of the Credit
Agreement is hereby deleted in its entirety and the following substituted therefor:

“‘Maturity Date’ means July 1, 2009.”

     2.      Except as specifically provided herein, all terms and conditions of the Credit Agreement
remain in full force and effect, without waiver or modification. All terms defined in the Credit
Agreement shall have the same meaning when used in this Amendment. This Amendment and the Credit
Agreement shall be read together, as one document.

     3.      Borrower hereby remakes all representations and warranties contained in the Credit
Agreement and reaffirms all covenants set forth therein. Borrower further certifies that as of the
date of this Amendment there exists no Event of Default as defined in the Credit Agreement, nor any
condition, act or event which with the giving of notice or the passage of time or both would
constitute any such Event of Default.

UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BANK CONCERNING LOANS AND
OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY
BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BANK TO BE
ENFORCEABLE.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day
and year first written above.

	 	 	 	 	 	 	 	 	 
	COLUMBIA SPORTSWEAR	 	 	 	WELLS FARGO BANK,
	COMPANY	 	 	 	NATIONAL ASSOCIATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Bryan L. Timm
	 	 	 	By:
	 	/s/ James L. Franzen
	 

	 	 
	 	 	 	 	 	 
	Title:

	 	VP/Chief Financial Officer
	 	 	 	 	 	James L. Franzen, Vice Presidentexv10w66

 

Exhibit
10.66 

January 24, 2007

Christopher Nordquist

3875 17th Street

San Francisco, CA 94114

Re: Employment Terms

Dear Christopher:

This letter amends and restates the terms of your offer letter from RedEnvelope, Inc. (the
“Company”) dated October 7, 2003 (the “Original Offer Letter”) regarding your employment as the
Company’s General Counsel.

You will report directly to the Chief Executive Officer, and will work in our San Francisco office.
The position of General Counsel is exempt from any overtime pay. Your primary duties in this
position will be to provide strategic direction and guidance in all legal and regulatory matters
for the Company. You will also be responsible for any other projects or assignments as directed by
the Chief Executive Officer. At all times during employment with the Company, you will devote your
full energies, abilities and productive business time to the performance of your job for the
Company and will not engage in any activity that would in any way interfere or conflict with the
full performance of any of your duties for the Company.

Effective January 15, 2007, you will receive an annualized salary of $285,000, less applicable
payroll deductions and all required withholdings, in accordance with the Company’s regular payroll
practices.

You will continue to be eligible to participate in the Company’s standard benefits package. You
will also continue to be eligible for the Company’s standard PTO and holiday benefits. The Company
may modify or cancel benefits from time to time as it deems appropriate in its sole discretion.

In accordance with the terms of the Original Offer Letter, on October 7, 2003 the Board of
Directors of the Company (“Board”) granted you an option to purchase 40,000 shares of the Company’s
common stock. The specific characteristics, terms and conditions of the options mentioned above,
including the strike price and applicable vesting schedule, are set forth in the option plan and
grant documentation.

Your employment with the Company is for no specified duration and may be terminated either by you
or the Company at any time and for any reason whatsoever, with or without Cause (as defined below)
or advance notice. The Company also retains the right to make all other decisions concerning your
employment (e.g., changes to your position, title, level, responsibilities, compensation, job
duties, reporting structure, work location, work schedule, goals or any other managerial decisions)
at any time, with or without cause or advance notice, as it deems appropriate in its sole
discretion. This at-will employment relationship cannot be changed except in writing signed by you
and the Company’s Chief Executive Officer.

 

 

Christopher Nordquist

January 24, 2007

Page 2

If the Company terminates your employment without Cause or you resign with Good Reason (as defined
below), in exchange for your signing a general release of any and all claims, the Company will (i)
pay you severance in the total amount of six months of your base salary, less applicable payroll
deductions and all required withholdings, in one lump sum payment on your date of termination and
(ii) reimburse you for six months of premiums to continue your and your dependents’ health care
insurance coverage under COBRA, if you elect to continue such coverage.

In the alternative, in the event that the Company undergoes a Change of Control (as defined below)
and within the period commencing on the earlier of a) the date the Company executes definitive
documentation contemplating a Change of Control (provided that the Change of Control is
consummated) or b) 90 days prior to the closing of a Change of Control, and ending one year
following the closing of the Change of Control, the Company terminates your employment without
Cause or you resign for Good Reason, in exchange for your signing a general release of any and all
claims, you will be entitled to severance in the total amount of 12 months of your base salary and
a Pro-Rated Bonus, less applicable payroll deductions and all required withholdings. The salary
portion of the severance, less applicable payroll deductions and all required withholdings, will be
paid in one lump sum payment on the later of the termination date of your employment or the closing
of the Change of Control. In the event the Company undergoes a Change of Control and within the
period ending one year following the closing of the Change of Control, you resign for other than
Good Reason, in exchange for your signing a general release of any and all claims, you will be
entitled to severance in the total amount of six months of your base salary and 50% of your
Pro-Rated Bonus, less applicable payroll deductions and all required withholdings. The salary
portion of the severance, less applicable payroll deductions and all required withholdings, will be
paid in one lump sum payment on the later of the termination date of your employment or the closing
of the Change of Control. The Company will pay you the portion of the Pro-Rated Bonus, as
applicable, under this paragraph at the same time that the Company makes payments, if any, to other
participants in the bonus plan. In addition to the severance described in this paragraph, the
Company will reimburse you for the number of months of premiums to continue your and your
dependents’ health care insurance coverage under COBRA, if you elect to continue such coverage,
equal to the number of months of your salary that you receive as severance hereunder.

As used in this letter agreement, “Cause” shall mean material nonperformance or misconduct in the
performance of your duties and responsibilities as an employee, an indictment for or entry of a
guilty pleading to a felony or another crime involving fraud or dishonesty, or theft or
misappropriation of assets of the Company having more than nominal value.

For purposes of this letter agreement “Change of Control” means:

	 	(1)	 	a sale of all or substantially all of the Company’s assets; or
	 
	 	(2)	 	any merger, consolidation or other business combination transaction of the
Company with or into another corporation, entity or person, other than a transaction in
which the holders of at least a majority of the shares of voting capital stock of the
Company outstanding immediately prior to such transaction

 

 

Christopher Nordquist

January 24, 2007

Page 3

	 	 	 	continue to hold (either by
such shares remaining outstanding or by their being converted into shares of voting
capital stock of the surviving entity) a majority of the total voting power represented
by the shares of voting capital stock of the Company (or the surviving entity)
outstanding immediately after such transaction; or
	 
	 	(3)	 	the direct or indirect acquisition (including by way of a tender or exchange
offer) by any person, or persons acting as a group, of beneficial ownership or a right
to acquire beneficial ownership of shares representing a majority of the voting power
of the then outstanding shares of capital stock of the Company; or
	 
	 	(4)	 	the election to the Board, following the date of this letter agreement, of
individuals who were neither elected nor nominated for election by a majority of the
members of the Board (such directors being referred to herein as “Triggering
Directors”) such that the number of Triggering Directors constitutes a majority of the
Board; provided, however, that any director elected or nominated for election as a
result of a written agreement with a stockholder or a group of stockholders having the
power to vote 5% of more of the Company’s then outstanding shares to elect such new
director shall be considered a Triggering Director.

For purposes of this letter agreement “Good Reason” means the occurrence of one or more of the
following without your express written consent: (i) a material diminution in your title, duties,
responsibilities or authority with the Company; (ii) a material reduction in your salary, bonus,
benefits or other compensation other than a reduction generally applicable to all
similarly-situated employees of the Company; (iii) the Company’s failure to pay you any
compensation due to you under this letter agreement, which failure is not cured within 30 days’
after written notice by you to the Company of such failure; (iv) relocation of the Company’s
headquarters more than 50 miles from San Francisco, California; or (v) a material breach by the
Company of its obligations under this letter agreement, which breach is not cured within 30 days’
after written notice by you to the Company of such breach.

For purposes of this letter agreement, “Pro-Rated Bonus” means an amount equal to the “target”
bonus for the fiscal year in which you are terminated that you would have earned had you been
employed at the time bonuses are determined for other participants under the Company’s bonus plan,
prorated for the number of days in such year in which you were actually employed by the Company.

Your employment with the Company is contingent on your having signed the Company’s standard
employee confidentiality and invention assignment agreement prior to your start date, providing
satisfactory proof of your right to work in the United States as required by law, and on the
Company’s verification of your qualifications, background, experience and references. You
agree that you will comply at all times with all Company policies, rules and procedures as they may
be established, stated and/or modified from time to time at the Company’s sole discretion.

You acknowledge that prior to your first day of work with the Company, you have previously returned
any confidential, proprietary or trade secret information belonging to any prior

 

 

Christopher Nordquist

January 24, 2007

Page 4

employer, and you
will not use such information in your employment with the Company. You will also strictly adhere
to the terms of any lawful restrictive covenants entered into between you and any prior employers.

Except as specified below, to the fullest extent allowed by law, any and all disputes, claims or
controversies of any kind arising out of or related in any way to hiring, employment or the
termination of employment with the Company (including without limitation any statutory or common
law claims against the Company or any of its agents or employees) shall be fully and finally
resolved through binding arbitration, before a neutral arbitrator, pursuant to the California
Arbitration Act, California Code of Civil Procedure section 1280, et seq. You and the Company
therefore waive any right to a jury trial on any such claims or matters. Any arbitration between
the parties will be conducted before the American Arbitration Association (“AAA”) in San Francisco,
California, under the AAA’s then existing national rules for the resolution of employment disputes,
as modified in any respect necessary to comply with the requirements of California law for
enforcement of arbitration agreements regarding employment-related disputes. This arbitration
provision shall not apply to any claims for injunctive or other similar equitable relief. Before
commencing any arbitration proceedings, any dispute between you and the Company or any of its
agents or employees shall first be submitted, in writing, to the Company’s Human Resource Officer
(or if none, to the head of Finance & Accounting) for a good faith attempt at resolution.

You agree that you are responsible for any applicable taxes of any nature (including any penalties
or interest that may apply to such taxes) that the Company reasonably determines apply to any
payment made to you hereunder (or any arrangement contemplated hereunder), that your receipt of any
benefit hereunder is conditioned on your satisfaction of any applicable withholding or similar
obligations that apply to such benefit, and that any cash payment owed to you hereunder will be
reduced to satisfy any such withholding or similar obligations that may apply thereto.

If as of the relevant date(s), the Company in good faith determines that you are a “specified
employee” and that the benefits hereunder constitute “deferred compensation” (in each case as such
terms are defined under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)
or other later-issued IRS or Treasury guidance), no severance amount shall be payable to you
pursuant hereto prior to the earlier of (i) your death following termination of employment, or (ii)
the date that is six months following the date of your “separation from service” with the Company
(within the meaning of Code Section 409A); provided however that if final Section 409A regulations
(or other later-issued IRS or Treasury guidance) provide an exemption for severance amounts to be
paid hereunder from being subject to Section 409A or a means for complying with Section 409A that
does not involve a delay of payment as provided above, then this sentence shall be automatically
reformed to provide for payment in the manner otherwise specified in this letter agreement or in a
manner that complies with such alternative
method of compliance, as applicable. In addition, to the extent that (and notwithstanding the
execution of the preceding sentences in this paragraph, if applicable) this letter agreement and
the benefits it provides are or become subject to Section 409A(a)(1), you and the Company agree to
cooperate to make such amendments to the terms of this letter agreement as may be necessary

 

 

Christopher Nordquist

January 24, 2007

Page 5

to
avoid the imposition of penalties and additional taxes under Section 409A of the Code; provided
however, that you and the Company agree that any such amendment shall not (i) materially increase
the cost to, or liability of, the Company with respect to any payments under this letter agreement,
or (ii) materially decrease the value of benefits provided to you under this letter agreement.

This letter agreement sets forth the entire agreement between you and the Company on the terms of
your employment with the Company and supersedes the Original Offer Letter and any prior
representations, understandings, promises or agreements, whether oral or written, by anyone
regarding your employment with the Company. The employment terms in this letter may only be
modified in a writing signed by both you and the Company’s Chief Executive Officer.

If you wish to continue employment with the Company under the terms described above, please sign
and date this letter and return it to me at your earliest convenience.

Christopher, we are excited at the prospect of your continuing on our team and look forward to
continuing to work with you.

Sincerely,

RedEnvelope, Inc.

	 	 	 	 	 
	By: 

Title:

	 	/s/ Kenneth Constable
 

CEO
	 	 

ACCEPTED AND AGREED:

CHRISTOPHER NORDQUIST

	 	 	 	 	 	 	 
	/s/ Christopher Nordquist

	 	 	 	01/29/2007	 	 
	 

Signature

	 	 
	 	 

Date

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