Document:

Kopin Corporation Fiscal Year 2006 Cash Bonus Plan

 Exhibit 10.24 
  
 Kopin Corporation Fiscal Year 2006 Cash Bonus Plan 
  
 1. Purpose and Effective Date. The purpose of the Kopin Corporation 2006 Cash Bonus Plan (this “Plan”) is to incentivize
certain employees of Kopin Corporation, a Delaware corporation (the “Company”), in order to enhance the profitability of the Company. This Plan has been adopted by the Company as of December 31, 2005. 
  
 2. Participants; Cash Bonus Payments. 
  
 (a) The individuals eligible to participate in the Plan are those individuals listed on
Schedule 1 attached hereto (the “Participants”). 
  
 (b) In the
event that the Company’s Net Income (as defined below) for the Company’s fiscal year ending December 30, 2006 (the “2006 Fiscal Year”) is greater than $0, each of the Participants shall be entitled to receive a cash bonus
payment (each, a “Cash Bonus Payment”) from the Company in the amount set forth opposite each such Participant’s name on Schedule 1 attached hereto, payable to all Participants on the same date (the “Payment Date”)
within 90 days of the end of the 2006 Fiscal Year and subject to and net of any applicable tax or other withholding requirements. As used herein, “Net Income” means the net income of the Company, computed by the Company in accordance with
generally accepted accounting principles and Company policies used to prepare the Company’s Annual Report on Form 10-K for the 2006 Fiscal Year. The impact of accounting principles adopted in 2006, such as the expensing of stock options, will
be excluded from the computation of Net Income. In addition, Net Income shall exclude the impact of any Cash Bonus Payment payable hereunder. 
  
 3. Amendment. The Company may at any time and from time to time amend this Plan in any respect and for any purpose but no such amendment shall materially impair a
Participant’s eligibility to receive a Cash Bonus Payment substantially on the basis described hereunder as in effect prior to any such amendment without such Participant’s consent. 
  
 4. Interests Non-Assignable; No Funding. The benefits provided hereunder will not be
subject to alienation, assignment, garnishment, attachment, execution or levy of any kind, and any attempt to cause such benefits to be so subjected will not be recognized, provided that the foregoing shall not prevent transfers of the
benefits provided hereunder by will or the laws of descent and distribution. Neither the establishment of this Plan, nor the creation of any fund or account, nor the payment of any benefits, nor the taking of any other action pursuant to the
provisions of this Plan, will give or be construed to give any Participant any legal or equitable right against the Company or the Company’s Board of Directors or shareholders, except as provided herein. The rights granted hereunder to any
Participant are no greater than the right of any other unsecured general creditor of the Company. The Company shall not be required to set aside or segregate any assets of any kind to meet any of its obligations hereunder and no Participant shall
have any rights on account of this Plan to any specific assets of the Company. 

 Schedule 1 
  

				
	 Participant

	  	Cash Bonus Payment

	 Hong Choi
	  	$	25,000
	 John Fan
	  	$	100,000
	 Daily Hill
	  	$	25,000
	 Matthew Micci
	  	$	25,000
	 Richard Sneider
	  	$	25,000
	 Boryeu Tsaur
	  	$	25,000
	 Michael Presz
	  	$	 25,000Amendment No. 1 to Employment Agreement

 Exhibit 10.1 
 AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT 
 THIS AMENDMENT NO. 1 (this
“Amendment”) to the Employment Agreement dated as of November 5, 2002 (the “Agreement”), is made and entered into as of the 21st day of March, 2006, by and between FTI Consulting, Inc., a Maryland corporation with its principal executive office in Baltimore, Maryland
(“FTI”), and Theodore I. Pincus (“Executive”). FTI and its consolidated subsidiaries and affiliates constitute the “Company.” 
 W I T N E S S E T H: 
 WHEREAS, the Agreement provides that Executive shall be employed in the position of Executive Vice President and Chief Financial Officer of the Company;
and 
 WHEREAS, the employment term pursuant to the Agreement is set to terminate on November 2, 2006; and 
 WHEREAS, the Company desires extend the employment term of Executive pursuant to the Agreement in accordance with this Amendment; and 
 WHEREAS, the Executive desires to extend his employment term with the Company pursuant to this Amendment; and 
 NOW, THEREFORE, in consideration of the mutual covenants set forth in this Amendment, Company and Executive hereby agree as follows: 
 1. Term of Employment. Section 2 of the Agreement be and hereby is revised to read in its entirety as follows: 
 “2. Term of Employment. 
 (a) Employment Term. Executive’s full-time employment under the Agreement unless otherwise terminated as provided in Section 9 will continue until November 2, 2007 (“Continuation
Date”). Effective at the close of business on the day before the Continuation Date, the term of Executive’s employment under the Agreement will automatically extend for an additional year from year to year (each an
“Annual Renewal,” and collectively the “Annual Renewals”), unless either party provides written notice of non-renewal to the other party at least forty-five (45) days prior to the Continuation
Date or expiration of such Annual Renewal term of the Agreement, or unless the Agreement is otherwise terminated pursuant to the provisions of Section 9 of this Agreement. The Initial Term, together with the Continuation Date and the Annual
Renewals that become effective pursuant to this Section 2, are referred to in the Agreement as the “Employment Term.” 

 (b) Transition Period. Upon expiration of the Employment Term or its earlier
termination pursuant to Section 9 other than as a result of Executive’s death or Disability (as defined in Section 9(d)) or termination of Executive’s employment by the Company for Cause (as defined in Section 9(b)),
Executive shall continue to provide services to Company as described in Section 3(b) for a period of three years (the “Transition Period”).” 
 2. Position and Duties. Section 3(b) of the Agreement be and hereby is revised to read in its entirety as follows: 
 “3. Position and Duties. 
 (b) During the Transition Period. Executive will, at the request and direction of the Chief Executive Officer or the Board of Directors of Company, (i) during the Transition Period, be employed as a
part-time employee of Company. During the first six months of the Transition Period, Executive shall devote his business time, attention and energies to the orientation, training and transitioning of the person who succeeds Executive to the position
of chief financial officer of the Company, and (ii) thereafter, services provided by Executive shall be commensurate with the general nature of services performed by Executive or other executive-level employees of Company during the Employment
Term or of a nature that the Chief Executive Officer or the Board of Directors of Company determines is necessary or desirable to transition Executive’s position to his successor. Executive shall have such title, or no title, as shall be
determined by the Chief Executive Officer or the Board of Directors of Company in his or its discretion. During the Transition Period, Executive shall not be required to devote more than 500 hours of service per 12-month period at the Company’s
offices in Annapolis and Baltimore, Maryland.” 
 3. Annual Salary and Transition Payment. “Section 4(a) During the
Employment Term” of the Agreement be and hereby is amended to add the following sentence to the end of Section 4(a): 
 “(a) During the Employment Term. Commencing January 1, 2006 Executive’s Base Salary will increase and Company will pay or cause to be paid to Executive an annual base salary equal to $650,000, payable in cash on a
periodic basis in accordance with Company’s normal payroll practices applicable to its executive officers, but not less often than monthly.” 
 4. Annual Salary and Transition Payment. The first sentence of “Section 4(b) During the Transition Period” of the Agreement be and hereby is deleted and the first sentence be and hereby is
replaced with the following sentence to read in its entirety: 
 “(b) During the Transition Period, in lieu of payment of
a Base Salary, Company will pay or cause to be paid to Executive in cash, in periodic installments not less frequently than monthly, an amount equal to $325,000 (the “Transition Payment”) for each year of the Transition
Period plus $650.00 per hour for each hour worked in excess of 500 hours per year; provided, however, that Company’s obligation to pay 

  

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such Transition Payment during the Transition Period shall terminate immediately upon any breach by Executive of his duties under Section 3(b) or of the
restrictive covenant provisions of Section 12.” 
 5. Incentive Bonuses. Section 5 of the Agreement be and hereby is
amended to read in its entirety as follows: 
 “5. Incentive Bonuses. 
 (a) Annual Incentive Bonus. With respect to each fiscal year during the Employment Term, Executive will be entitled to participate
in Company’s Incentive Compensation Plan (or any successor thereto) and any other bonus plan(s) adopted by the Board of Directors or Committee for one or more of the executive officers of Company and its subsidiaries, other than any such bonus
arrangement specific to another individual executive. Executive will be eligible to receive a bonus each year in such amount, if any, as determined by the Committee in accordance with the terms of Company’s Incentive Compensation Plan (or any
successor thereto). 
 (b) Special Transition Period Bonus. Following completion of the first six months of the
Transition Period and fulfillment of his duties during such period as set forth in Section 3(b), Executive shall be eligible to earn a special bonus payment in an amount up to $325,000, provided, however, that such payment, if any, or the
amount of such payment shall be at the sole discretion of the Compensation Committee of the Board of Directors of Company and the recommendation of management. 
 6. Good Reason Resignation Rights. Executive hereby waives any right he might have otherwise had under Section 9(e) of the Agreement to resign for “Good Reason” based on the changes to the
Agreement pursuant to this Amendment. This waiver in no way affects Executive’s right or entitlement to exercise “Good Reason” resignation rights under Section 9(e) of the Agreement based on other or future circumstances beyond
those contemplated by this Amendment. 
 7. Affirmation. This Amendment is to be read and construed with the Agreement as constituting
one and the same agreement. Except as specifically modified by this Amendment, all remaining provisions, terms and conditions of the Agreement shall remain in full force and effect and shall be applicable to this Amendment with the same force and
effect as if they were recited herein in full. 
 8. Defined Terms. All terms not herein defined shall have the meanings ascribed to
them in the Agreement. 
 9. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed
to be an original but all of which together shall constitute one and the same instrument. 
 [Signature Page follows] 
  

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 IN WITNESS WHEREOF, the undersigned have signed this Amendment on the date first above written. 
  

			
	FTI CONSULTING, INC.
		
	By:	 	 /S/ JACK B. DUNN, IV

	Name:	 	Jack B. Dunn, IV
	Title:	 	President and Chief Executive Officer
	
	EXECUTIVE
		
	By:	 	 /S/ THEODORE I. PINCUS

		 	Theodore I. Pincus

  

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