Document:

Fifth Addendum to Employment Agreement

 EXHIBIT 10.1 
 FIFTH ADDENDUM TO EMPLOYMENT AGREEMENT 
 THIS FIFITH ADDENDUM TO EMPLOYMENT AGREEMENT (the
“Fifth Addendum”) is made effective as of the 13th day of February, 2008, by and between Anworth Mortgage Asset Corporation, a Maryland corporation (“Anworth”), and Joseph E. McAdams (the “Executive”). 
 W I T N E S S E T H : 
 WHEREAS, the
Executive and Anworth Mortgage Advisory Corporation entered into an employment agreement dated January 1, 2002 (as amended to date, the “Agreement”); 
 WHEREAS, the Agreement was assumed by Anworth, and the Executive and Anworth entered into such addendum to such employment agreement dated April 18, 2002 (the “Addendum”), an addendum to such employment
agreement dated June 13, 2002 (the “Second Addendum”), an addendum to such employment agreement dated May 28, 2004 (the “Third Addendum”) and an addendum to such employment agreement dated June 27, 2006 (the “Fourth
Addendum”); 
 WHEREAS, Anworth and the Executive desire to further modify the terms of the Executive’s employment agreement under
the agreement. 
 NOW THEREFORE, the parties hereby covenant and agree as follows: 
 1. Effective Date. This Fifth Addendum shall become effective on the date hereof. 
 2. Compensation (Section 4 of the Agreement). Section 4(a) of the Agreement is hereby amended and restated as
follows: 
 (a) Base Compensation. The Executive’s Base Salary shall equal Seven Hundred Thousand
Dollars ($700,000) per year. The Base Salary shall be payable in equal installments twice monthly consistent with Anworth’s regular business practices. 
 IN WITNESS WHEREOF, this Fifth Addendum to Employment Agreement is executed as of the day and year first written above. 
  

	
	Executive
	
	/s/ Joseph E. McAdams
	Joseph E. McAdams

  

			
	Anworth Mortgage Asset Corporation
		
	By:	 	/s/ Thad M. Brown
		 	 Name: Thad M. Brown
 Title: Chief Financial OfficerThird Addendum to Employment Agreement

 EXHIBIT 10.2 
 THIRD ADDENDUM TO EMPLOYMENT AGREEMENT 
 THIS
THIRD ADDENDUM TO EMPLOYMENT AGREEMENT (the “Third Addendum”) is made effective as of the 13th day of February, 2008, by and between Anworth
Mortgage Asset Corporation, a Maryland corporation (“Anworth”), and Heather U. Baines (the “Executive”). 
 W I
T N E S S E T H : 
 WHEREAS, the Executive and Anworth Mortgage Advisory Corporation entered into an employment agreement dated
January 1, 2002 (as amended to date, the “Agreement”); 
 WHEREAS, the Agreement was assumed by Anworth, and the Executive and
Anworth entered into such addendum to such employment agreement dated April 18, 2002 (the “Addendum”) and an addendum to such employment agreement dated June 27, 2006 (the “Second Addendum”); 
 WHEREAS, Anworth and the Executive desire to further modify the terms of the Executive’s employment agreement under the Agreement. 
 NOW THEREFORE, the parties hereby covenant and agree as follows: 
  

	 	1.	Effective Date. This Third Addendum shall become effective on the date hereof. 

  

	 	2.	Compensation (Section 4 of the Agreement). Section 4(a) of the Agreement is hereby amended and restated as follows: 

 (a) Base Compensation. The Executive’s Base Salary shall equal Sixty Thousand Dollars ($60,000) per year. The Base Salary shall be payable in equal
installments twice monthly consistent with Anworth’s regular business practices. 
 IN WITNESS WHEREOF, this Third Addendum to
Employment Agreement is executed as of the day and year first written above. 
  

	
	Executive
	
	/s/ Heather U. Baines
	Heather U. Baines

  

			
	Anworth Mortgage Asset Corporation
		
	By:	 	/s/ Thad M. Brown
		 	Name: Thad M. Brown
		 	Title: Chief Financial Officer2006 Variable Compensation Plan

	Item 15.	Exhibits, Financial Statement Schedules. 

  
  
  
  
  
  
  
  
 EXHIBIT 10.34 
 CORNING INCORPORATED 
 2006 VARIABLE COMPENSATION PLAN 
 AMENDMENT NO. 1 
 Pursuant to
Section 9 of the Plan, the Board of Directors hereby amends the Corning Incorporated 2006 Variable Compensation Plan (the “Plan”), effective as of January 1, 2008, as follows: 
  

	 	1.	Section 7 is amended by adding the following new sentence after the first sentence of such Section: 

 Unless deferred in accordance with paragraph 8, payments will be made after the end of the fiscal year for which the award is being paid but before
March 15th of the year following the fiscal year for which the award is being paid. 
  

	 	2.	Section 8 is amended by adding the following to the end thereof: 

 In the event the Committee mandates and/or permits the deferral of all or a portion of any payment earned under the Plan that results in a deferral of compensation subject to Code Section 409A, such arrangement
shall comply with the requirements of Code Section 409A, including the requirements for electing any permissive deferrals, and shall be evidenced by a written deferred compensation agreement with the Participant. 
 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this Amendment
No. 1 on its behalf this 3rd day of October, 2007. 
  

			
	CORNING INCORPORATED
		
	By:	 	 /s/ John P. MacMahon

		 	John P. MacMahon
	Title:	 	Senior Vice President – Global Compensation and Benefits

  

 159GoalSharing Plan

 EXHIBIT 10.35 
 Corning Incorporated 
 GoalSharing Plan 
  

	1.	PURPOSE 

 The purpose of the Corning Incorporated
GoalSharing Plan (the “Plan”) is to motivate and reward the performance of key employees of Corning Incorporated (“Corning” or the “Corporation”). 
  

	2.	EFFECTIVE DATE AND TERM 

 The Plan shall be effective for
Corning’s 2008 fiscal year and each subsequent fiscal year thereafter until terminated by the Corporation. 
  

	3.	PARTICIPANTS 

 The Corporation shall designate which
employees are eligible to participate in the Plan. The Corporation reserves, in its sole discretion, the right to remove participants from the Plan, and participation in one year does not guarantee participation in subsequent years. 
  

	4.	COMMITTEE ADMINISTRATION 

 The Plan shall be administered
by a committee appointed by the Corporation’s Board of Directors (the “Committee”). The Committee shall have the sole authority and discretion to administer, interpret and establish rules for the Plan. Such authority shall include
selection of the performance criteria for any applicable fiscal year and the individual participants. Decisions of the Committee shall be final, conclusive and binding on all parties including the Corporation, its stockholders and participants, and
their personal representatives, beneficiaries and heirs. 
  

	5.	PERFORMANCE CRITERIA 

 The Plan is a cash bonus plan
designed to reward employees for meeting key business objectives. Generally, the Corporation will review and establish plan goals and objectives in the first quarter of each year. Plan goals and objectives shall be communicated to focus each
business unit on the key actions that individuals and departments can take to drive results. Throughout the year, employees and departments will be provided with information as to their progress towards plan goals and objectives. 
  

	6.	PAYMENTS 

 After each fiscal year, the Committee shall ascertain an individual’s, department’s or business unit’s progress towards the attainment of performance goals and objectives. Based on this analysis, the Committee shall
determine, in its sole discretion, the appropriate award to pay each participant (if any). Plan payments are targeted at 5% of base pay, with an opportunity range of 0% to 10% of base pay. The Committee, in its sole discretion, may reduce the amount
of payment below that determined using the applicable performance criteria or formulae for a given participant. Payments will be made in lump sum cash payment and will be paid after the end of the fiscal year for which the award is being paid but
before March 15th of the year following the fiscal year for which the award is being paid. 
  

	7.	PAYMENT DEFERRALS 

 Notwithstanding the forgoing, the
Committee may mandate and/or permit the deferral of all or a portion of any payment earned under the Plan. All such deferrals shall be made under a deferred compensation plan of the Corporation that satisfies the requirements of Section 409A of
the Internal Revenue Code of 1986, as amended (“Section 409A”). In the event the Committee mandates and/or permits the deferral of all or a portion of any payment earned under the Plan that results in a deferral of compensation subject to
Section 409A, such arrangement shall comply with the requirements of Section 409A, including the requirements for electing any permissive deferrals, and shall be evidenced by a written deferred compensation agreement with the Participant.

  

	8.	AMENDMENT; TERMINATION 

 The Corporation may, in its sole
discretion, amend, modify or terminate the Plan at any time. 
  

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	9.	NO TRUST 

 The Plan shall not create or be construed to
create a trust or separate fund of any kind or a fiduciary relationship between the Corporation and any affiliate and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Corporation or any
affiliate pursuant to this Plan, such right shall not be greater than the right of any unsecured general creditor of the Corporation or of any affiliate. 
  

	10.	EMPLOYMENT RIGHT 

 This Plan shall not constitute an
express or implied contract of employment between the Corporation and any participant and shall not confer upon any participant any right to continued employment. The Corporation retains the right to dismiss any participant with or without cause or
notice and for any reason at anytime. 
  

	11.	WITHHOLDING FOR TAXES 

 The Corporation shall have the
right to deduct from all payments under this Plan any federal or state taxes or other employment-related withholdings required by law to be withheld with respect to such payments. 
  

	12.	GOVERNING LAW 

 The validity, construction and effect of
the Plan and any agreements or other instruments issued under it shall be determined in accordance with the laws of New York without reference to the principles of conflict of laws. 
  

	13.	SEVERABILITY 

 If any portion of this Plan is deemed to be
void, that portion of the Plan, and that portion only, will be deemed void. All other provisions of the Plan will remain in effect. 
  

			
	CORNING INCORPORATED
		
	By:	 	 /s/ John P. MacMahon

		 	John P. MacMahon
	Title:	 	Senior Vice President – Global Compensation and Benefits
		
	Date:	 	10/3/07

  

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