Document:

Exhibit 10.36

 

Enterprise
Bancorp

Executive
Officer Supplemental Bonus Table

Fiscal
Year 2005

 

Net
Income growth*

 

	
  Name

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  10.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  11.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  12.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  13.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  14.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  15.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  16.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  17.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  18.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  19.000%

  	
   

  	
  Bonus %

  of salary,

  NI Growth

  20.000%

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  George L. Duncan

  	
   

  	
  10.000

  	
  %

  	
  18.300

  	
  %

  	
  26.600

  	
  %

  	
  35.000

  	
  %

  	
  43.300

  	
  %

  	
  51.600

  	
  %

  	
  59.900

  	
  %

  	
  68.200

  	
  %

  	
  76.500

  	
  %

  	
  84.800

  	
  %

  	
  93.100

  	
  %

  
	
  Richard W. Main

  	
   

  	
  10.000

  	
  %

  	
  18.300

  	
  %

  	
  26.600

  	
  %

  	
  35.000

  	
  %

  	
  43.300

  	
  %

  	
  51.600

  	
  %

  	
  59.900

  	
  %

  	
  68.200

  	
  %

  	
  76.500

  	
  %

  	
  84.800

  	
  %

  	
  93.100

  	
  %

  
	
  Jack P Clancy

  	
   

  	
  10.000

  	
  %

  	
  18.300

  	
  %

  	
  26.600

  	
  %

  	
  35.000

  	
  %

  	
  43.300

  	
  %

  	
  51.600

  	
  %

  	
  59.900

  	
  %

  	
  68.200

  	
  %

  	
  76.500

  	
  %

  	
  84.800

  	
  %

  	
  93.100

  	
  %

  
	
  James A. Marcotte

  	
   

  	
  5.714

  	
  %

  	
  10.457

  	
  %

  	
  15.200

  	
  %

  	
  20.000

  	
  %

  	
  24.743

  	
  %

  	
  29.486

  	
  %

  	
  34.229

  	
  %

  	
  38.971

  	
  %

  	
  43.714

  	
  %

  	
  48.457

  	
  %

  	
  53.200

  	
  %

  
	
  Robert R. Gilman

  	
   

  	
  5.714

  	
  %

  	
  10.457

  	
  %

  	
  15.200

  	
  %

  	
  20.000

  	
  %

  	
  24.743

  	
  %

  	
  29.486

  	
  %

  	
  34.229

  	
  %

  	
  38.971

  	
  %

  	
  43.714

  	
  %

  	
  48.457

  	
  %

  	
  53.200

  	
  %

  
	
  Stephen J. Irish

  	
   

  	
  5.714

  	
  %

  	
  10.457

  	
  %

  	
  15.200

  	
  %

  	
  20.000

  	
  %

  	
  24.743

  	
  %

  	
  29.486

  	
  %

  	
  34.229

  	
  %

  	
  38.971

  	
  %

  	
  43.714

  	
  %

  	
  48.457

  	
  %

  	
  53.200

  	
  %

  

 

%’s in table represent  bonus to be paid as a % of base salary.

 

*  Net income growth % is the % increase in Net
Income as compared to the prior Fiscal Year.Exhibit 10.1

 

MarkWest Hydrocarbon, Inc.

Summary of Director Compensation

 

For 2005, each non-employee director of MarkWest Hydrocarbon, Inc. will receive:

 

•                  an annual retainer of $18,000,

 

•                  $2,000 regular meeting attendance fee,

 

•                  $1,000 committee meeting attendance fee, and

 

•                  1,000 restricted shares.

 

The Chair of
the Audit Committee will receive an additional $4,000.  Employee directors receive no additional
compensation for serving as directors. 
Directors will be reimbursed for reasonable expenses incurred in
connection with attending board and committee meeting or performing their
duties as directors.Exhibit 10.2

 

2004 INCENTIVE
COMPENSATION PLAN

PERFORMANCE
TARGETS

 

Intent:  To provide a reward for achieving budget targets.

 

Measurement
Criteria:  The incentive award for each executive under the
2004 incentive compensation plan was derived from three measurement criteria: 1) MarkWest
Hydrocarbon, Inc. (“MarkWest Hydrocarbon”) operating
cash flow (weighted 40% of the total incentive award); 2) MarkWest
Energy Partner’s, L.P. (“MarkWest Energy”)
distributable cash flow (weighted 40% of the total incentive award); and 3)
department/individual goals (weighted 20% of the total incentive award).

 

Threshold:  The payout of incentive awards was contingent
upon EBITDA (earnings before interest, taxes,
depreciation, depletion and amortization) being 90% to 100% of target for both MarkWest Energy and MarkWest
Hydrocarbon.

 

Incentive Award Range:  The incentive award range was set from 20% to
35% of base salary for officers and executives if budget targets are achieved,
with opportunity of percentages to be increased to up to 35% to 65% of base
salary for achieving stretch performance.

 

Payout:  Base incentive award 50% cash and 50% equity
(restricted stock or phantom units).Exhibit 10.3

 

2005 INCENTIVE
COMPENSATION PLAN

PERFORMANCE
TARGETS

 

Officers and
Executives:

 

Intent:  To provide a long term and a short term incentive
for retention and align goals.

 

Short-term
Incentive Component

 

Measurement
Criteria:  Award based on achieving operating income budgeted
plans of MarkWest Hydrocarbon Inc. (“MarkWest
Hydrocarbon”) and MarkWest Energy Partners, L.P. (“MarkWest Energy”), and on department/individual goals and
performance, with each criterion weighted based on individual and department
responsibilities to align performance and goals.

 

Threshold:  The payout of incentive awards is contingent
upon EBITDA (earnings before interest, taxes,
depreciation, depletion and amortization) being a minimum of 90% of target for
both MarkWest Energy and MarkWest
Hydrocarbon.

 

Incentive Award Range:  The incentive award range is set from 30% to
50% of base salary depending on level and performance achievement, with
opportunity for stretch incentive awards in the range of 30% to 50% if stretch
performance is achieved.

 

Payout:  cash.

 

Long-term Incentive Component

 

Measurement
Criteria:  Award based on achieving operating income budgeted
plans of MarkWest Hydrocarbon and MarkWest
Energy and department/individual goals and performance, with each criteria
weighted based on individual and department responsibilities to align
performance and goals.

 

Incentive Award Range:  The incentive award range is set from 30% to
50% of base salary depending on level and performance achievement.

 

Payout:  MarkWest Hydrocarbon restricted shares or MarkWest Energy phantom shares.  Share/Units will vest over a three year
period.Exhibit
4.2

 

[Union Electric
Company Letterhead]

 

Company Order

 

January 27, 2005

 

The Bank of New York

101 Barclay Street

Floor 21W

New York, New York 10286

 

Ladies and Gentlemen:

 

Application is hereby
made to The Bank of New York, a New York banking corporation, as trustee (the “Trustee”),
under the Indenture dated as of August 15, 2002 (the “Indenture”), between
Union Electric Company, a Missouri corporation (the “Company”), and the Trustee
for the authentication and delivery of $85,000,000 aggregate principal amount
of the Company’s 5.00% Senior Secured Notes due 2020 (the “Notes”), pursuant to
the provisions of Article II of the Indenture. 
On or after the Release Date, the Company, in its discretion, may change
the descriptive title of the Notes to delete the word “Secured” from such
descriptive title.  Additional Notes
without limitation as to amount, and without the consent of the holders of the
then Outstanding Notes, may also be authenticated and delivered in the manner
provided in Section 2.05 of the Indenture. 
All capitalized terms not defined herein which are defined in the
Indenture shall have the same meaning as used in the Indenture.

 

In connection with this
Company Order, there are delivered to you herewith the following:

 

1.     Certified copies
of the resolutions adopted by the Board of Directors of the Company authorizing
this Company Order and the issuance and sale of the Notes by the Company
pursuant to Section 2.05(c)(1) of the Indenture;

 

2.     Opinions of
Counsel addressed to you or in which it is stated that you may rely pursuant to
Section 2.05(c)(2) of the Indenture;

 

3.     Expert’s
certificate pursuant to Section 2.05(c)(3) of the Indenture;

 

4.     Officers’
Certificate pursuant to Section 2.05(c)(4) of the Indenture;

 

5.     A Global Note
representing the Notes and, pursuant to Section 2.05(c) of the Indenture,
specifying the terms of the Notes (which terms are incorporated by reference
herein) executed on behalf of the Company in accordance with the terms of
Section 2.05(a) of the Indenture; and

 

 

6.     Pursuant to
Section 2.05(c)(3) of the Indenture, the Company’s First Mortgage Bonds
designated “First Mortgage Bonds, Senior Notes Series HH” (the “First Mortgage
Bonds”) in the principal amount of $85,000,000 relating to the Notes, fully
registered in the name of the Trustee in trust for the benefit of the Holders
from time to time of such Notes.

 

You are hereby instructed
to authenticate the Global Note representing the Notes and deliver it to The
Depository Trust Company (“DTC”) or its custodian.  The Global Note representing the Notes is to
be held for delivery to Banc of America Securities LLC and Wachovia Capital
Markets, LLC, against payment therefor at the closing in respect of the sale
thereof, such closing to be held at 10:00 a.m., New York time, January 27, 2005,
at the offices of Pillsbury Winthrop LLP, 1540 Broadway, New York, NY 10036.

 

Please acknowledge
receipt of the Global Note representing the Notes, the instructions referred to
above and the supporting documentation pursuant to the Indenture referred to
above.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Union Electric Company

  
	
   

  	
  (d/b/a AmerenUE)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jerre E. Birdsong

  	
   

  
	
   

  	
   

  	
  Name: Jerre E. Birdsong

  
	
   

  	
   

  	
  Title: Vice President
  and Treasurer

  

 

Receipt from the Company
of the Global Note representing the Notes, certain instructions related thereto
and the supporting documentation pursuant to the Indenture, including the First
Mortgage Bonds in trust for the benefit of the Holders in connection with the
authentication and delivery of the Notes is hereby acknowledged.

 

 

 

	
   

  	
  The Bank of New York,

  
	
   

  	
  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Rober J. Dunn

  	
   

  
	
   

  	
   

  	
  Name:
  Robert J. Dunn

  As Agent

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