Document:

exv10w4

Exhibit 10.4

2010 AMENDMENT TO

2009 PERFORMANCE UNITS AGREEMENT

     This 2010 Amendment (the “Amendment”) is entered into effective March 17, 2010, and further
amends the Performance Units Agreement dated January 5, 2009 (the “Grant Agreement”) between
Peabody Energy Corporation (the “Company”) and Gregory H. Boyce (the “Grantee”).

RECITALS

     WHEREAS, the Board of Directors of the Company deems it appropriate and in the best
interests of the Company and the Grantee to further amend the Grant Agreement as described herein,
effective on the date set forth above;

     NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING, the parties hereby agree as follows:

     1. Section 1.7 of the Grant Agreement is revised to read in its entirety as follows:

     Section 1.7 — “Determination Date” shall mean the earlier to occur of
(i) December 31, 2011 and (ii) a Change of Control.

     2. Section 3.2 of the Grant Agreement, which sets forth vesting and termination
conditions for the award, is revised so paragraph (a) reads in its entirety as follows:

     (a) upon a Termination of Employment on account of the Grantee’s death or
Disability, all of the Performance Units shall become immediately vested and the
Grantee shall become entitled to the Incentive Amount calculated and payable
pursuant to Article IV hereof with respect to such vested Performance Units;

     3. Section 4.2(b) of the Grant Agreement is revised to read in its entirety as
follows:

     (b) Specified Employee. If a distribution to the Grantee is
triggered by a Termination of Employment other than due to death and the Grantee is
a “specified employee” (as such term is defined in Section 409A, but generally
meaning one of the Company’s key employees within the meaning of Code Section
416(i)), the Incentive Amount shall be paid to the Grantee six (6) months after the
distribution date that otherwise would apply.

     4. In all other respects, the Grant Agreement shall remain unchanged and in full
force and effect.

[SIGNATURE PAGE FOLLOWS]

 

 

     IN WITNESS WHEREOF, this Amendment has been executed and delivered by the parties hereto
on the date first set forth above.

	 	 	 	 	 	 	 

	 	 	PEABODY ENERGY CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sharon D. Fiehler
 

	 	 
	 
	 

	 	Name:
	 	Sharon D. Fiehler

Executive Vice President and Chief

Administrative Officer	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ Gregory H. Boyce
 

GREGORY H. BOYCE
	 	 

2exv10w1

Exhibit 10.1

WGL HOLDINGS, INC.

DIRECTORS’ STOCK COMPENSATION PLAN,

as amended and restated

ARTICLE I

DEFINITIONS

     1.01 Affiliate means any “subsidiary” or “parent” corporation of the Company (as such terms
are defined in section 424 of the Code).

     1.02 Board means the Board of Directors of the Company.

     1.03 Code means the Internal Revenue Code of 1986, as amended.

     1.04 Common Stock means the common stock of the Company.

     1.05 Company means WGL Holdings, Inc. and includes any predecessor or successor in interest.

     1.06 Date of Award means each January 1 or such other date as determined by the Board during
the term of the Plan.

     1.07 Participant means a member of the Board who satisfies the requirements of Article IV.

     1.08 Plan means the WGL Holdings, Inc. Directors’ Stock Compensation Plan, as amended and
restated.

ARTICLE II

PURPOSES

     The Plan is intended to assist the Company in promoting a greater identity of interest between
the Company’s non-employee directors and its shareholders, and to assist the Company in attracting
and retaining non-employee directors by affording Participants an opportunity to share in the
future success of the Company.

ARTICLE III

ADMINISTRATION

     The Plan shall be administered by the Human Resources Committee of the Board, or such other
person or group as the Board may designate, in a manner that is consistent with the provisions of
this Plan. The person or group administering the Plan shall not be liable for any act done in good
faith with respect to this Plan. All expenses of administering this Plan shall be borne by the
Company and its Affiliates.

ARTICLE IV

ELIGIBILITY

     Each member of the Board who is not an employee of the Company or an Affiliate, and who has
not been employed by the Company or any of its Affiliates during the twelve months preceding the
Date of Award will participate in the Plan during his or her service on the Board.

 

 

ARTICLE V

AWARDS

     Shares of Common Stock will be awarded to each Participant as of each Date of Award. Subject
to Article VIII’s limitation on the number of shares of Common Stock which may be issued under the
Plan, on each Date of Award each Participant will be awarded
1,800 shares of common stock, as may be adjusted under Article VIII. The Board may from time
to time increase or decrease the number of shares to be awarded to individual Participants under
the Plan. The Board may grant a proportionate award to a Participant who joins the Board or becomes
eligible for an award during any year.

ARTICLE VI

VESTING OF SHARES

     The shares of Common Stock awarded under the Plan will be immediately vested and
nonforfeitable. Subject to the requirements of Article IX, the shares awarded under the Plan may be
sold or transferred by the Participant at any time.

ARTICLE VII

SHAREHOLDER RIGHTS

     Participants will have all the rights of shareholders with respect to shares of Common Stock
awarded under the Plan. Accordingly, Participants will be entitled to vote the shares and receive
dividends.

ARTICLE VIII

SHARES AUTHORIZED

     Up to one hundred fifty-six thousand nine hundred eighty-three (156,983) shares of Common
Stock may be awarded under the Plan. If the Company effects one or more stock dividends, stock
split-ups, subdivisions, reclassifications, or consolidations of shares, or other similar changes
in capitalization after the Plan’s adoption by the Board, the maximum number of shares that may be
awarded under the Plan shall be proportionately adjusted.

ARTICLE IX

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES

     No Common Stock shall be awarded and no certificates for shares of Common Stock shall be
delivered under the Plan except in compliance with all applicable federal and state laws and
regulations, any listing agreement to which the Company is a party, and the rules of all domestic
stock exchanges on which the Company’s shares may be listed. The Company shall have the right to
rely on the opinion of its counsel as to such compliance. Any share certificate issued to evidence
Common Stock issued under the Plan may bear such legends and statements as the Company may deem
advisable to assure compliance with federal and state law and regulations. No Common Stock shall be
awarded and no certificates for shares of Common Stock shall be delivered until the Company has
obtained such consent or approval as it may deem advisable from regulatory bodies having
jurisdiction over such matters.

ARTICLE X

GENERAL PROVISIONS

     10.01 Unfunded Plan. The Plan, insofar as it provides for awards, shall be unfunded, and the
Company shall not be required to segregate any assets that may at any time be represented by awards
under the Plan. Any liability of the Company to any person with respect to any award under the Plan
shall be based solely upon any contractual obligations that may be created pursuant to the Plan. No
such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance
on, any property of the Company.

     10.02 Rules of Construction. Headings are given to the articles and sections of the Plan
solely as a convenience to facilitate reference. The references to any statute, regulation, or
other provision of law shall be construed to refer to any amendment to or successor of such
provisions of law.

 

 

ARTICLE XI

AMENDMENT OF PLAN

     The Board may amend the Plan from time to time. No amendment may become effective until
shareholder approval is obtained if such approval is required by any federal or state law or
regulation or the rules of any stock exchange on which the Common Stock may be listed, or if the
Board in its discretion determines that the obtaining of such shareholder approval is for any
reason advisable.
No amendment shall, without a Participant’s consent, adversely affect any rights of such
Participant under any award outstanding at the time such amendment is made.

ARTICLE XII

DURATION OF PLAN

     The Plan will expire on March 4, 2020, the tenth anniversary of its amendment and restatement
by shareholders, if not previously terminated by the Board or by the shareholders.

ARTICLE XIII

EFFECTIVE DATE OF PLAN

     The Plan will become effective once it is adopted by the Board and approved by a majority of
the votes cast at a duly held shareholders’ meeting at which a quorum representing a majority of
all outstanding voting stock is, either in person or by proxy, present and voting on the Plan. No
awards will be made under the Plan prior to approval of the Plan by the Company’s shareholders.exv10w1

Exhibit
10.1

SIDE LETTER TO FACILITY AGREEMENT

27 February 2010

Aircraft Facility Agreement dated 18 May 2004 between International Lease Finance Corporation, as
guarantor and subordinated lender (“ILFC”), Whitney Leasing Limited, as borrower (the “Borrower”),
Aircraft SPC-12, Inc., (the “Borrower Parent”), Bank of Scotland plc, as original lender, facility
agent, security trustee and British lead manager, Bank of Scotland plc, Paris Branch, as French
lead manager and Bank of Scotland plc, Frankfurt Branch, as German lead manager providing for the
financing of certain Airbus Aircraft (as amended, extended, supplemented and acceded to from time
to time the “Facility Agreement”).

	1.	 	Reference is made to the Facility Agreement. Terms defined in the Facility Agreement
(whether expressly therein or by reference to another document) shall, unless otherwise
defined herein or the context otherwise requires, have the same meanings when used in this
Letter Agreement.

	2.	 	For good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged by each of the parties hereto, ILFC and the Borrower have agreed to enter into
this Letter Agreement.

	3.	 	ILFC hereby undertakes and covenants that from the date of this Letter Agreement and until 31
December 2012 (the “Effective Period”), it shall not (and ILFC shall procure that none of its
Subsidiaries shall) enter into a single transaction or a series of transactions (whether
related or not and whether voluntary or involuntary) to sell, transfer or otherwise dispose of
property or assets to third parties which together have a total net book value (such net book
value being the total of the amounts reported as “Proceeds from disposal of flight equipment —
net of loss or gain” on the statement of cash flow in ILFC’s consolidated financial statements
from time to time) which is greater than the Agreed Disposition Amount (as defined in the next
sentence) determined for the calendar quarter for which the most recent of any such sales or
transfers is reported (as “Proceeds from disposal of flight equipment — net of loss or gain”)
in ILFC’s financial statements as described above. As used in this paragraph 3, the “Agreed
Disposition Amount” will be (i) from the date of this letter until March 31, 2010, ten billion
seven hundred and fifty million Dollars (US$10,750,000,000) (the “Initial Agreed Disposition
Value”), and (ii) from April 1, 2010 through the end of the Effective Period, an amount
determined each calendar quarter by reducing the Initial Agreed Disposition Amount by
ninety-one million three hundred seventy-five thousand Dollars (US$91,375,000) for each
completed calendar quarter after December 31, 2009. ILFC and the Borrower agree and
acknowledge that any breach of the covenant contained in this paragraph 3 shall constitute an
immediate Termination Event under the Facility Agreement in relation to the New Loans only and
for so long as such Termination Event is continuing the provisions of clause 10.2 (Rights
following a Termination

1

 

	 	 	Event) of the Facility Agreement shall be applicable in relation to the New Loans only.
For the purposes of this Letter Agreement, the term “New Loans” means each new Loan which
is from time to time made pursuant to the Facility Agreement following the date of this
Agreement.

	4.	 	If a Termination Event occurs under the Facility Agreement solely as a result of ILFC and the
Borrower breaching their respective obligations pursuant to paragraph 3 above, and such
Termination Event results in the New Loans (but not any other Loan which has been made
pursuant to the Facility Agreement) being accelerated, that acceleration of the New Loans
shall not give rise to a Termination Event (as such term is defined in the 1999 Facility
Agreement) under the 1999 Facility Agreement provided ILFC or the Borrower pays the amounts
which are then required to be paid under the Facility Agreement. For the avoidance of doubt,
the acceleration of any other indebtedness owed under the Facility Agreement (including,
without limitation, the acceleration of any other indebtedness under the Facility Agreement
following a failure by ILFC or the Borrower to repay the New Loans in full following their
acceleration pursuant to paragraph 3) shall constitute a Termination Event under the 1999
Facility Agreement.

	5.	 	For the avoidance of doubt, intercompany sales, transfers and other dispositions of property
or assets involving only ILFC and/or any Subsidiaries of ILFC shall be permitted and are not
limited by the provisions of paragraph 3.

	6.	 	ILFC will promptly notify the Agent of the occurrence of any transaction referred to in
paragraph 3 above.

	7.	 	ILFC hereby undertakes and covenants that it shall not use any of the proceeds of any sale,
transfer or other disposal of property or assets effected after the date hereof to pay
dividends or other distributions of a similar nature to AIG or any other person provided that
for the avoidance of doubt, this paragraph 6 shall not prevent ILFC and its Subsidiaries from
using such proceeds for the payment of debt or the payment of customary intercompany
settlements, contracts and allocations in circumstances where the relevant proceeds are to
remain with ILFC or a Subsidiary of ILFC or are to be paid to AIG or a Subsidiary of AIG
(including AIG Funding, Inc.).

	8.	 	The provisions of this Letter Agreement shall be without prejudice to the rights of the
Security Trustee pursuant to the Facility Agreement (including, without limitation, the rights
of the Security Trustee pursuant to Clause 10.1.9 (Change or Cessation of Business) of the
Facility Agreement).

	9.	 	This Letter Agreement constitutes the legal, valid and binding obligations of the parties
hereto enforceable in accordance with its terms.

	10.	 	The provisions of clauses 20 (Rights Cumulative, Waivers, Severability), 22 (Notices), 23.2
to 23.6 (inclusive), 24.2 to 24.4 (inclusive), 25 (Confidentiality),

2

 

	 	 	26 (Counterparts and Delivery by Facsimile) and 27 (Third Parties Rights) of the Facility
Agreement shall be incorporated into this Letter Agreement as if set out in full herein and
as if references therein to “this Agreement” were references to “this Letter Agreement”.
	 
	11.	 	This Letter Agreement and all non contractual matters related thereto shall be governed by
and construed in accordance with the laws of England.
	 
	12.	 	This Letter Agreement shall terminate on 31 December 2012.

3

 

EXECUTION PAGE — SIDE LETTER TO FACILITY AGREEMENT

	 	 	 

	INTERNATIONAL LEASE FINANCE CORPORATION

	 	BANK OF SCOTLAND PLC

	 	 	 	 	 	 	 	 	 	 	 

	By:

	 	/s/ Julie I. Sackman
	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name: Julie I. Sackman,

	 	 	 	Name:	 	 	 	 
	 

	 	Executive Vice President and General Counsel
	 	 	 	 	 	 

	 	 

	 	 	 

	WHITNEY LEASING LIMITED

	 	BANK OF SCOTLAND PLC, PARIS BRANCH

	 	 	 	 	 	 	 	 	 	 	 

	By:

	 	/s/ Brian M. Monkarsh
	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name: Brian M. Monkarsh,

	 	 	 	Name:	 	 	 	 
	 

	 	Director 	 	 	 	 	 	 

	 	 

	 	 	 

	AIRCRAFT SPC-12, INC.

	 	BANK OF SCOTLAND PLC, FRANKFURT BRANCH

	 	 	 	 	 	 	 	 	 	 	 

	By:

	 	/s/ Julie I. Sackman
	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name: Julie I. Sackman,

	 	 	 	Name:	 	 	 	 
	 

	 	Secretary 	 	 	 	 	 	 

	 	 

4

 

EXECUTION PAGE — SIDE LETTER TO FACILITY AGREEMENT

	 	 	 

	INTERNATIONAL LEASE FINANCE CORPORATION

	 	BANK OF SCOTLAND PLC

	 	 	 	 	 	 	 	 	 	 	 

	By:

	 	 	 	 	 	By:
	 	/s/ Mike Gear	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name: Mike Gear	 	 
	 

	 	 	 	 

	 	 	 	 	 	 

	 	 	 

	WHITNEY LEASING LIMITED

	 	BANK OF SCOTLAND PLC, PARIS BRANCH

	 	 	 	 	 	 	 	 	 	 	 

	By:

	 	 	 	 	 	By:
	 	/s/ Mike Gear	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name: Mike Gear	 	 
	 

	 	 	 	 

	 	 	 	 	 	 

	 	 	 

	AIRCRAFT SPC-12, INC.

	 	BANK OF SCOTLAND PLC, FRANKFURT BRANCH

	 	 	 	 	 	 	 	 	 	 	 

	By:

	 	 	 	 	 	By:
	 	/s/ Mike Gear	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name: Mike Gear	 	 
	 

	 	 	 	 

	 	 	 	 	 	 

5

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