Document:

exv10w1

 

Exhibit 10.1

LEAR CORPORATION

LONG-TERM STOCK INCENTIVE PLAN

FORM OF PERFORMANCE SHARE AWARD AGREEMENT

     PERFORMANCE SHARE AWARD AGREEMENT (the “Agreement”) dated as of                      ___, 2006, between Lear
Corporation (the “Company”) and the individual whose name appears on the signature page hereof (the
“Participant”), who is a key employee of the Company or an Affiliate. Any term capitalized herein,
but not defined, shall have the meaning set forth in the Lear Corporation Long-Term Stock Incentive
Plan (the “Plan”).

     1. GRANT. In accordance with the terms of the Plan, the Company hereby grants to the
Participant a Performance Share Award subject to the terms and conditions set forth herein.

     2. PERFORMANCE PERIOD. The Performance Period for this Award shall be the three-year period
commencing on January 1, 2006 and ending on December 31, 2008.

     3. PERFORMANCE MEASURES. There shall be two performance measures, Relative Return to
Shareholders and Return on Invested Capital, as both are defined below.

          a. Relative Return to Shareholders: This performance measure ranks the “Return to
Shareholders” (as defined below) for the Company over the Performance Period in relation to the
Return to Shareholders for the “S&P 500 Companies” (as defined below).

               i. “Return to Shareholders” for each respective company shall mean the quotient of (I) the sum
of (a) the average closing price, as reported on the exchange where the stock of the relevant
company is traded, for the five consecutive trading days preceding January 1, 2009 and (b) the
dividends declared during the period commencing on January 1, 2006 and ending on December 31, 2008,
divided by (II) the average closing price, as reported on the exchange where the stock of the
relevant company is traded, for the five consecutive trading days preceding January 1, 2006.

               ii. “S&P 500 Companies” shall mean the corporations comprising the Standard & Poor’s S&P 500
Index as of the end of the respective periods for which performance is to be measured pursuant to
the terms of the Agreement.

          b. Return on Invested Capital: This performance measure is the compounded improvement on the
Company’s return on invested capital as reported to its shareholders for 2006, 2007, 2008 fiscal
years or as otherwise approved by the Compensation Committee.

 

 

     4. PERFORMANCE GOALS.

          a. Relative Return to Shareholders:

	 	i.	 	Threshold: The Company is ranked
above the 42nd percentile of S&P 500 Companies when comparing
the Company’s Return to Shareholders to the Return to
Shareholders of the S&P 500 Companies during the relevant
period.
	 
	 	ii.	 	Target: The Company is ranked
above the 57th percentile of S&P 500 Companies when comparing
the Company’s Return to Shareholders to the Return to
Shareholders of the S&P 500 Companies during the relevant
period.
	 
	 	iii.	 	Superior: The Company is ranked
above the 85th percentile of S&P 500 Companies when comparing
the Company’s Return to Shareholders to the Return to
Shareholders of the S&P 500 Companies during the relevant
period.

          b. Return on Invested Capital:

	 	i.	 	Threshold: 3% per year average improvement
	 
	 	ii.	 	Target: 5% per year average improvement
	 
	 	iii.	 	Superior: 7% per year average improvement

     5. PERFORMANCE SHARES.

          a. The number of Performance Shares earned by a Participant with respect to each performance
measure during the Performance Period shall be determined under the following chart:

	 	 	 	 	 	 	 	 	 
	 	 	Performance Shares
	Performance At	 	Relative Return to Shareholders	 	Return on Invested Capital
	Threshold
	 	 	                    	 	 	 	                    	 
	Target
	 	 	                    	 	 	 	                    	 
	Superior
	 	 	                    	 	 	 	                    	 

          b. In the event that the Company’s actual performance does not meet threshold for that
performance measure, Performance Shares shall not be earned with respect to that performance
measure.

 

 

          c. If the Company’s actual performance for a performance measure is
between “threshold” and “target,” the Performance Shares earned shall equal the Performance Shares
for threshold plus the number of Performance Shares determined under the following formula:

	 	 	 	 	 	 	 	 	 
	 

	 	(TAS — TS)
	 	x
	 	AP — TP	 	 
	 

	 	 	 	 	 	TAP — TP	 	 

	 	 	 	 	 	 	 
	 

	 	TAS =
	 	The Performance Shares for target.	 	 
	 
	 	 	 	 	 	 
	 

	 	TS =
	 	The Performance Shares for threshold.	 	 
	 
	 	 	 	 	 	 
	 

	 	AP =
	 	The Company’s actual performance.	 	 
	 
	 	 	 	 	 	 
	 

	 	TP =
	 	The threshold performance goal.	 	 
	 
	 	 	 	 	 	 
	 

	 	TAP =
	 	The target performance goal.	 	 

          d. If the Company’s actual performance for a performance measure is between “target” and
“superior,” the Performance Shares earned shall equal the Performance Shares for target plus the
number of Performance Shares determined under the following formula:

	 	 	 	 	 	 	 	 	 
	 

	 	(SS — TAS)
	 	x
	 	AP — TAP	 	 
	 

	 	 	 	 	 	SP — TAP	 	 

	 	 	 	 	 	 	 
	 

	 	SS =
	 	The Performance Shares for superior.	 	 
	 
	 	 	 	 	 	 
	 

	 	TAS =
	 	The Performance Shares for target.	 	 
	 
	 	 	 	 	 	 
	 

	 	AP =
	 	The Company’s actual performance.	 	 
	 
	 	 	 	 	 	 
	 

	 	TAP =
	 	The target performance goal.	 	 
	 
	 	 	 	 	 	 
	 

	 	SP =
	 	The superior performance goal.	 	 

          e. If the Company’s actual performance for performance measure exceeds “superior,” the
Performance Shares earned shall equal the Performance Shares for superior.

          f. As an alternative to the calculation of the amount of Performance Shares earned pursuant to
Section 4 and Sections 5(a) through 5(e) above and in order for the potential Performance Share
Award to be “banked” on a year-by-year basis, Participant shall earn an amount of Performance
Shares equal to the total of Performance Shares earned in each of the three calendar years of the
Performance Period as if the Company’s actual performance had

 

 

been measured at the end of each such year with one-third (1/3) of the Performance Shares being
earned if, and to the extent that, the respective Performance Goal has been met for such year (with
such calculations and goals herein applied as if each separate calendar year were a Performance
Period). This Section 5(f) shall operate and Performance Shares will be earned hereunder if and
only if the Participant would earn more Performance Shares as a result hereof than otherwise earned
pursuant to this Agreement.

     6. TIMING AND FORM OF PAYOUT. Except as hereinafter provided, after the end of the
Performance Period, the Participant shall be entitled to receive a number of shares of the
Company’s common stock, par value $.01 per share (“Common Stock”), equal to his total number of
Performance Shares determined under Section 5. Delivery of such shares of Common Stock shall be
made as soon as administratively feasible after the Committee certifies the actual performance of
the Company during the Performance Period. Notwithstanding the foregoing, any delivery of shares
of Common Stock under this Section may be irrevocably deferred by the Participant with the
Committee’s consent; provided, that the Participant’s election to defer occurs prior to the
expiration of the second year of the Performance Period. Notwithstanding anything herein to the
contrary, the Committee may defer delivery of any shares of Common Stock to the Participant under
this Section if the delivery of such shares of Common Stock would constitute compensation to the
Participant that is not deductible by the Company or an Affiliate due to the application of Code
Section 162(m); provided, that such shares of Common Stock deferred pursuant to this sentence shall
be delivered to the Participant on or before the January 15 of the first year in which the
Participant is no longer a “covered employee” of the Company (within the meaning of Code Section
162(m)) following the end of the Performance Period or, if later, the deferred delivery date
elected by the Participant in accordance with the preceding sentence. Notwithstanding anything in
this Section 6 to the contrary, an election to defer hereunder shall comply with the requirements
of Section 409A of the Code or it will not be a valid election.

     7. TERMINATION OF EMPLOYMENT DUE TO DEATH, RETIREMENT, OR DISABILITY. If a Participant ceases
to be an employee prior to the end of the Performance Period by reason of death, retirement or
disability, the Participant (or in the case of the Participant’s death, the Participant’s
beneficiary) shall be entitled to receive shares of Common Stock equal to the number of shares of
Common Stock the Participant would have been entitled to under Section 6 if he or she had remained
employed until the last day of the Performance Period multiplied by a fraction, the numerator of
which shall be the number of full calendar months during the period of January 1, 2006 through the
date of the Participant’s employment terminated and the denominator of which shall be thirty-six.
The delivery of such shares of Common Stock shall be made as soon as administratively feasible
after the end of the Performance Period, whether or not the Participant had elected under Section 6
above to defer receipt of Common Stock deliverable under this Award.

          Any distribution made with respect to a Participant who has died shall be paid to the
beneficiary designated by the Participant pursuant to Article 11 of the Plan to receive the
Participant’s shares of Common Stock under this Award. If the Participant’s beneficiary predeceases
the Participant or no beneficiary has been properly designated, distribution of the Participant’s
shares of Common Stock under this Award shall be made to the Participant’s
surviving spouse and if none, to the Participant’s estate.

 

 

     8. TERMINATION OF EMPLOYMENT FOR ANY OTHER REASON. Except as provided in Section 7, the
Participant must be an employee of the Company and/or an Affiliate continuously from the date of
this Award until the last day of the Performance Period to be entitled to receive any shares of
Common Stock with respect to any Performance Shares he may have earned hereunder.

     9. ASSIGNMENT AND TRANSFERS. The rights and interests of the Participant under this Award may
not be assigned, encumbered or transferred except, in the event of the death of the Participant, by
will or the laws of descent and distribution.

     10. WITHHOLDING TAX. The Company and any Affiliate shall have the right to retain shares of
Common Stock that are distributable to the Participant hereunder to the extent necessary to satisfy
the minimum required withholding taxes, whether federal, state or local, triggered by the
distribution of shares of Common Stock under this Award.

     11. NO LIMITATION ON RIGHTS OF THE COMPANY. The grant of this Award shall not in any way
affect the right or power of the Company to make adjustments, reclassification, or changes in its
capital or business structure, or to merge, consolidate, dissolve, liquidate, sell or transfer all
or any part of its business or assets.

     12. PLAN AND AGREEMENT NOT A CONTRACT OF EMPLOYMENT. Neither the Plan nor this Agreement is a
contract of employment, and no terms of employment of the Participant shall be affected in any way
by the Plan, this Agreement or related instruments except as specifically provided therein.
Neither the establishment of the Plan nor this Agreement shall be construed as conferring any legal
rights upon the Participant for a continuation of employment, nor shall it interfere with the right
of the Company or any Affiliate to discharge the Participant and to treat him or her without regard
to the effect that such treatment might have upon him or her as a Participant.

     13. PARTICIPANT TO HAVE NO RIGHTS AS A STOCKHOLDER. The Participant shall not have any rights
as a stockholder with respect to any shares of Common Stock subject to this Award prior to the date
on which he or she is recorded as the holder of such shares of Common Stock on the records of the
Company.

     14. NOTICE. Any notice or other communication required or permitted hereunder shall be in
writing and shall be delivered personally, or sent by certified, registered or express mail,
postage prepaid. Any such notice shall be deemed given when so delivered personally or, if mailed,
three days after the date of deposit in the United States mail, in the case of the Company to 21557
Telegraph Road, Southfield, Michigan, 48034, Attention: General Counsel and, in the case of the
Participant, to its address set forth on the signature page hereto or, in each case, to such other
address as may be designated in a notice given in accordance with this Section.

 

 

     15. GOVERNING LAW. This Agreement shall be construed and enforced in
accordance with, and governed by, the laws of the State of Michigan, determined without regard to
its conflict of law rules.

     16. PLAN DOCUMENT CONTROLS. The rights herein granted are in all respects subject to the
provisions set forth in the Plan to the same extent and with the same effect as if set forth fully
herein. In the event that the terms of this Agreement conflict with the terms of the Plan document,
the Plan document shall control.

[signature page follows]

 

 

IN WITNESS WHEREOF, the Company and the Participant have duly executed this Agreement as of the
date first written above.

	 	 	 	 	 
	 

	 	LEAR CORPORATION	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 

Roger A. Jackson
	 	 
	 
	 	 	 	 
	 

	 	Its: Senior Vice President, Human Resources	 	 
	 
	 	 	 	 
	 

	 	 

[Participant’s Signature]
	 	 
	 
	 	 	 	 
	 

	 	Participant’s Name and Address for notices
hereunderexv10w1

 

Exhibit 10.1

Form of Employee Restricted Stock Award Letter under the TODCO 2005 Long Term Incentive Plan

[Date]

[insert name]

[insert address]

Dear                                         :

Effective as of                     , 200                     (the “Award Date”), TODCO (the “Company”) hereby grants to you                                         
restricted shares (“Restricted Stock”) of the Company’s Class A Common Stock in accordance with
the TODCO 2005 Long Term Incentive Plan (the “Plan”). Your award is more fully described in the
attached Appendix A, Terms and Conditions of Employee Restricted Stock Award (which together with
this letter is the “Award Letter”).

Unless
otherwise provided in the attached Appendix A, the restrictions
on
one-                    
(1/       ) of your
shares of Restricted Stock will lapse and such shares will vest on each one (1)-year anniversary of
the Award Date, such that all of your shares of Restricted Stock will no longer be subject to
forfeiture and will be 100% vested as of the                      (                    ) anniversary of the Award Date. Except as
otherwise expressly provided in Appendix A, the Restricted shares will vest and the restrictions
will lapse in accordance with the foregoing sentence provided that you are and have been
continuously employed by the Company from the Award Date through the date of vesting and the lapse
of restrictions (the “Vesting Date”). Except as expressly provided in Appendix A, all shares of
Restricted Stock as to which the restrictions thereon have not previously lapsed and are unvested
will automatically be forfeited upon your termination of employment for any reason (temporarily or
permanently) prior to the Vesting Date. In the event that a Vesting Date is a Saturday, Sunday or
holiday, such particular installment of shares will instead vest on the first business day
immediately following the Vesting Date.

Your Restricted Stock is subject to the terms and conditions set forth in the enclosed Plan, this
Award Letter, the Prospectus for the Plan, and any rules and regulations adopted by the Executive
Compensation Committee of the Company’s Board of Directors.

This Award Letter, the Plan and any other attachments hereto should be retained in your files for
future reference.

Very truly yours,

Jan Rask

President and Chief Executive Officer

Enclosures

 

 

Appendix A

Terms and Conditions of

Employee Restricted Stock Award

[Date]

The restricted shares (“Restricted Stock”) granted to you by TODCO (the “Company”) of Class A
Common Stock of the Company are subject to the terms and conditions set forth in the TODCO 2005
Long Term Incentive Plan (the “Plan”), any rules and regulations adopted by the Executive
Compensation Committee of the Company’s Board of Directors (the “Committee”), this Award Letter and
the Prospectus for the Plan. Any terms used and not defined in the Award Letter have the meanings
set forth in the Plan. In the event there is an inconsistency between the terms of the Plan and
this Award Letter, the terms of the Plan will control.

1. Lapse of Risk of Forfeiture and Vesting

The Restricted Stock granted pursuant to your Award Letter will no longer be subject to forfeiture
on the Vesting Dates as set forth in your Award Letter. In certain circumstances described below,
the possibility of forfeiture of your Restricted Stock may lapse and the shares may become 100%
vested before the scheduled Vesting Date.

2. Restrictions on the Restricted Stock

Until the restrictions on your Restricted Stock have lapsed and your shares have become vested in
accordance with this Award Letter, you may not sell, transfer, assign or pledge the shares. Stock
certificates representing your Restricted Stock will be registered in your name as of the Award
Date, but will be held by the Company on your behalf until the restrictions on such shares lapse.
Each such stock certificate shall bear the following legend:

The transferability of this certificate and the shares of stock represented
hereby are subject to the restrictions, terms and conditions (including forfeiture
and restrictions against transfer) contained in the Award Letter for such Restricted
shares entered into between the registered owner of such shares and TODCO. A copy
of the Award Letter is on file in the office of the Secretary of TODCO, located at
2000 W. Sam Houston Parkway South, Suite 800, Houston, Texas 77042.

When the restrictions on shares of your Restricted Stock lapse and the shares become vested, a
certificate representing such shares will be delivered to you (or, in the event of your death, to
your beneficiary in accordance with the Plan.

3. Dividends and Voting

You will have the right to vote your Restricted Stock, even if it remains subject to forfeiture
until it is forfeited. From the Award Date, all cash dividends payable with respect to your
Restricted Stock will be paid directly to you at the same time dividends are paid with respect to
all other shares of Common Stock unless and until any shares of the Restricted Stock are forfeited.

 

 

4. Termination of Employment

(a) Forfeiture
and Vesting. Except as provided in this Section 4 and Section 5, if your employment
is terminated your unvested shares of Restricted Stock for which the restrictions have not lapsed
shall be immediately forfeited. Any shares of Restricted Stock forfeited hereunder shall
automatically revert to the Company and become cancelled shares and shall be again subject to the
Plan as provided in Section 1.4 of the Plan.

(b) Death or Disability. If your employment is terminated by reason of death or disability (as
determined by the Committee), all of your shares of Restricted Stock will no longer be subject to
the possibility of future forfeiture and will be 100% vested.

(c)Convenience of the Company. If your employment is terminated by the Company for the
convenience of the Company (as determined by the Committee) or if you retire for the convenience of
the Company (as determined by the Committee), all of your shares of Restricted Stock will no longer
be subject to the possibility of future forfeiture and will be 100% vested.

(d) Other Termination of Employment. If your employment terminates for any reason other than those
provided in paragraphs (b) and (c) above, any of your shares of Restricted Stock as to which the
risk of forfeiture has not previously lapsed and are unvested prior to your termination of
employment will be forfeited, unless otherwise determined by the Committee in its sole discretion.

(e) Adjustments by the Committee. The Committee may, in its sole discretion, exercised before or
after your termination of employment, eliminate the risk of future forfeiture and accelerate the
vesting of all or any portion of your shares of Restricted Stock.

(f)Committee Determinations. The Committee shall have absolute discretion to determine the date
and circumstances of termination of your employment, and its determination shall be final,
conclusive and binding upon you.

5. Change in Control

Acceleration of Lapse of Restrictions. All of your shares of Restricted Stock will no longer be
subject to forfeiture immediately and will be 100% vested upon a Change in Control of the Company.
A Change in Control of the Company shall be deemed to have occurred as of the first day any one or
more of the following conditions shall have been satisfied:

(a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Exchange Act (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of shares representing 20% 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 (the “Outstanding Company Voting Securities”); provided, however, that for purposes of
this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any
acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition
by any employee benefit plan (or related trust) sponsored or maintained by the Company or any
corporation or other entity controlled by the Company, or (iv) any acquisition by any corporation
or other entity pursuant to a transaction which complies with clauses (i), (ii) and (iii) of
Section 5 (c); or

(b)Individuals who, as of the effective date of the Plan (as defined in the Plan), are members of
the Board of Directors of the Company (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board of Directors of the Company; provided, however, that for purposes of
this paragraph of this Section 5., any individual becoming a director subsequent to the date hereof
whose election, or nomination for election by the Company’s shareholders, was approved by a vote of
at least a majority of the directors then comprising the Incumbent Board, shall be considered as
though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors
of the Company; or

(c) Consummation of a reorganization, merger, conversion or consolidation or sale or other
disposition of all or substantially all of the assets of the Company (a “Business Combination”), in
each case, unless, following such Business Combination, (i) all or substantially all of the
individuals and entities who were the beneficial owners,

 

 

respectively, of the Outstanding Company Voting Securities immediately prior to such Business
Combination beneficially own, directly or indirectly, more than 50% of the then outstanding
combined voting power of the then outstanding voting securities entitled to vote generally in the
election of directors of the corporation or other entity resulting from such Business Combination
(including, without limitation, a corporation or other entity which as a result of such transaction
owns the Company or all or substantially all of the Company’s assets either directly or through one
or more subsidiaries) in substantially the same proportions as their ownership, immediately prior
to such Business Combination of the Outstanding Company Voting Securities, (ii) no Person
(excluding any corporation or other entity resulting from such Business Combination or any employee
benefit plan (or related trust) of the Company or such corporation or other entity resulting from
such Business Combination) beneficially owns, directly or indirectly, 20% or more of the combined
voting power of the then outstanding voting securities of the corporation or other entity resulting
from such Business Combination except to the extent that such ownership existed prior to the
Business Combination and (iii) at least a majority of the members of the board of directors of the
corporation or other entity resulting from such Business Combination were members of the Incumbent
Board at the time of the execution of the initial agreement, or of the action of the Board of
Directors of the Company, providing for such Business Combination; or

(d)Approval by the shareholders of the Company of a complete liquidation or dissolution of the
Company other than in connection with the transfer of all or substantially all of the assets of the
Company to an affiliate or a Subsidiary of the Company.

6. Tax Consequences and Income Tax Withholding

You should review the Plan Prospectus for a general summary of the federal income tax consequences
of your shares of Restricted Stock based on currently applicable provisions of the Code and related
regulations. The summary does not discuss state and local tax laws, which may differ from the
federal tax law. Neither the Company nor the Committee guarantees the tax consequences of your
Award Letter. You are advised to consult your own tax advisor regarding the application of tax
laws to your particular situation.

This Award Letter is subject to your satisfaction of the income tax withholding requirements.
Unless the Committee in its sole discretion determines otherwise, to satisfy any applicable
federal, state or local withholding tax liability arising from the grant of or lapse of the risk of
forfeiture on your Restricted Stock, the Company will retain a certain number of shares of Common
Stock having a value equal to the amount of your minimum statutory withholding obligation from the
shares otherwise deliverable to you upon your Restricted Stock becoming fee of the risk of
forfeiture. As a condition of this award, you agree to waive your right to make an election under
Code Section 83(b). Accordingly, no such election will be recognized by the Company.

7. Restrictions on Resale

Other than the restrictions referenced in Section 2., there are no restrictions imposed by the Plan
on the resale of Common Stock acquired under the Plan. However, under the provisions of the
Securities Act of 1933 (the “Securities Act”) and the rules and regulations of the Securities and
Exchange Commission (the “SEC”), resales of shares acquired under the Plan by certain officers and
directors of the Company who may be deemed to be “affiliates” of the Company must be made pursuant
to an appropriate effective registration statement filed with the SEC, pursuant to the provisions
of Rule 144 issued under the Securities Act, or pursuant to another exemption from registration
provided in the Securities Act. At the present time, the Company does not have a currently
effective registration statement pursuant to which such resales may be made by affiliates. There
are no restrictions imposed by the SEC on the resale of shares acquired under the Plan by persons
who are not affiliates of the Company; provided, however, that all employees and the grant of
Restricted Stock and any Common Stock deliverable hereunder are subject to the Company’s policies
against insider trading (including black-out periods during which no sales are permitted), and to
other restrictions on resale that may be imposed by the Company from time to time if it determines
said restrictions are necessary or advisable to comply with applicable law.

8. Effect on Other Benefits

Income recognized by you as a result of your Restricted Stock award will not be included in the
formula for calculating benefits under any of the Company’s retirement and disability plans or any
other benefit plans.

 

 

9. Compliance with Laws

This Award Letter and the Restricted Stock and any Common Stock deliverable hereunder shall be
subject to all applicable federal and state laws and the rules of the exchange on which shares of
the Company’s Common Stock are traded.

10. Miscellaneous

(a) Not an Agreement for Continued Employment or Services. This Award Letter shall not, and no
provision of this Award Letter shall be construed or interpreted to, create any right to be
employed by or to provide services to or continue your employment with or provide services to the
Company, the Company’s affiliates, parent, subsidiary or their affiliates.

(b) Community Property. Each spouse individually is bound by, and such spouse’s interest, if any,
in the grant of Restricted Stock or in any shares of Common Stock is subject to, the terms of this
Award Letter. Nothing in this Award Letter shall create a community property interest where none
otherwise exists.

If you have any questions regarding your Restricted Stock award or would like to obtain additional
information about the Plan, please contact the Company’s General Counsel, TODCO, 2000 W. Sam
Houston Parkway South, Suite 800, Houston, Texas 77042 (telephone (713) 278-6000). Your Award
Letter and all attachments should be retained in your files for future reference.

This Award Letter has been executed and delivered as of the Award Date.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]