Document:

Amended Executive Employment Agreement

    Exhibit
      10.3

    

    AMENDMENT
      TO EXECUTIVE EMPLOYMENT AGREEMENT

    

    

    WHEREAS,
      The Hershey Company (the “Employer”) and Richard H. Lenny (the “Executive”)
      entered into an Executive Employment Agreement as of March 12, 2001 (the
“Agreement”);

    

    WHEREAS,
      Section 14 of the Agreement provides that it may be amended through a written
      instrument executed by the Employer and the Executive;

    

    WHEREAS,
      the Board of Directors of the Employer (the “Board”), at its meeting on October
      3, 2006, approved changes to The Hershey Company Supplemental Executive
      Retirement Plan (“SERP”) and The Hershey Company Retirement Plan (“Retirement
      Plan”);

    

    WHEREAS,
      the Compensation and Executive Organization Committee of the Board, at its
      meeting on October 2, 2006, approved changes to The Hershey Company Deferred
      Compensation Plan (these changes along with the changes to the SERP and
      Retirement Plan are collectively referred to herein as the
“Amendments”);

    

    WHEREAS,
      the Board and the Executive desire to amend the Agreement in a manner consistent
      with the Amendments and to revise a provision of the Agreement dealing with
      Annual Bonus Programs.

    

    NOW,
      THEREFORE, for and in consideration of the mutual covenants herein contained,
      intending to be legally bound, Employer and Executive agree as
      follows:

    

    1. The
      second sentence of Section 3(b) of the Agreement, which currently reads “If the
      Executive achieves his target performance goals, as determined by the
      Compensation Committee on an annual basis, the Executive shall have a target
      annual bonus under such Annual Bonus Programs equal to eighty percent (80%)
      of
      Base Salary, and a maximum annual bonus equal to one hundred sixty percent
      (160%) of Base Salary.” is amended to read as follows:

    

    The
      Executive shall have a target annual bonus under such Annual Bonus Programs
      equal to not less than eighty percent (80%) of Base Salary. 

    

    2. The
      Agreement is amended to the extent necessary to conform to the provisions of
      the
      Amendments in accordance with their terms and conditions so that the benefit
      reductions, offsets or limitations intended to be implemented by the Amendments
      will apply to the Executive in the same manner as they apply to similarly
      situated members of the Hershey Executive Team.

    

    3. The
      Agreement is amended to delete Section 3(g)(iii) in its entirety.  

    

    [Signature
      Page Follows]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, each of the parties hereto has duly executed this Amendment
      to
      Executive Employment Agreement, effective as of October 3, 2006.

    

    EXECUTIVE:

     

    Richard
      H. Lenny

     

    /s/
      Richard H. Lenny    

    

    

    EMPLOYER:

     

    The
      Hershey Company, a
      Delaware corporation

    

    By:/s/
      Marcella K. Arline   

    Marcella
      K. Arline

    Senior
      Vice President, Chief People Officer

    

    ATTEST:

    

    

    /s/
      Burton H. Snyder   

    Burton
      H.
      Snyder

    Secretary

     

     

     

     

     

     

     

     

     

     

     

    
      
        2Exhibit 10.1 - Retirement Agreement

    Exhibit
      10.1

     

    RETIREMENT
      AGREEMENT

     

    This
      RETIREMENT AGREEMENT
      (“Agreement”)
      is made
      and entered into by and between SEMCO
      ENERGY, INC.
      (the
“Company”) and JOHN
      M. ALBERTINE
      (the
“Chairman”), to become effective upon the execution and approval
      thereof.

     

     

    WHEREAS,
      the
      Chairman desires to retire as Chairman and a member of the Company’s Board of
      Directors, effective as of date upon which this Agreement is approved by the
      Board of Directors (the “Retirement Date”); and

     

     

    WHEREAS,
      in light
      of Chairman’s retirement and in appreciation of the significant contributions
      that the Chairman has made to the Company, the Company and the Chairman desire
      to enter into this Agreement.

     

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the agreements of the parties set forth in
      this Agreement, and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto, intending
      to
      be legally bound, hereby covenant and agree as follows:

     

     

    1.     Retirement. Chairman
      shall retire as Chairman and a member of the Board of Directors effective as
      of
      the Retirement Date.

     

     

    2.     Retainer.
      As soon
      as practicable following the later of the Retirement Date and the effective
      date
      of this Agreement, the Company shall pay to the Chairman a lump sum payment
      in
      the amount of Eight Thousand, Seven Hundred and Fifty Dollars ($8,750). This
      payment represents a portion of the cash retainer that the Chairman would have
      otherwise received had he remained a member of the Company’s Board of Directors
      for the remainder of his term.

     

     

    3.     Restricted
      Stock.

     

     

    (a)     Pursuant
      to the terms of (i) the SEMCO Energy, Inc. 2004 Stock Award and Incentive Plan
      (the “Incentive Plan”), (ii) the Restricted Stock Grant Agreement for Chairman
      entered into by and between the Company and the Chairman on June 28, 2005 (the
      “2005 Chairman Grant Agreement”), and (iii) the Restricted Stock Grant Agreement
      for Chairman entered into by and between the Company and the Chairman on May
      22,
      2006 (the “2006 Chairman Grant Agreement”), the Company acknowledges and agrees
      that the Five Thousand, Two Hundred and Fifty (5,250) shares of Restricted
      Stock
      that were granted pursuant to the 2005 Chairman Grant Agreement and the Five
      Thousand (5,000) shares of Restricted Stock that were granted pursuant to the
      2006 Chairman Grant Agreement shall become one hundred percent (100%) vested
      upon the Chairman’s retirement on the Retirement Date.

     

     

    (b)     In
      light
      of Chairman’s retirement, pursuant to Section 4(d) of the Incentive Plan, the
      Company deems Seven Thousand (7,000) shares of Restricted Stock that were
      granted pursuant to the Restricted Stock Grant Agreement for Directors dated
      June 28, 2005, by and between the Company and the Chairman one hundred percent
      (100%) vested effective upon the Chairman’s retirement on the Retirement
      Date.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.     Release.
      The
      Chairman does
      hereby remise, release and forever discharge the Company and its officers,
      directors, employees, agents, shareholders, parent corporation, subsidiaries,
      and affiliates, and their respective predecessors, successors, assigns, heirs,
      executors and administrators (collectively, “Releasees”), of and from all manner
      of actions and causes of action, suits, debts, claims and demands whatsoever
      at
      law or in equity, known or unknown, actual or contingent, including, but not
      limited to, any claims which have been asserted, or could be asserted now or
      in
      the future, against any Releasees arising under any and all federal, state
      or
      local laws and any common law claims, and including, but not limited
      to:

     

     

    (a)    Employee
      Retirement Income Security Act;

     

     

    (b)    claims
      for violations of any other federal or state statute or regulation or local
      ordinance;

     

     

    (c)    claims
      for lost or unpaid compensation or benefits, defamation, intentional or
      negligent infliction of emotional distress, assault, battery, fraud,
      misrepresentation, conversion, tortious interference, breach of contract, or
      breach of fiduciary duty; and

     

     

    (d)    any
      other
      claims under state law arising in tort or contract.

     

     

    5.     No
      Assignment of Claim.
      The
      Chairman represents that he has not assigned or transferred, or purported to
      assign or transfer, any claims or any portion thereof or interest therein to
      any
      party prior to the date of this Agreement.

     

    6.     Non-Disclosure
      of Confidential Information.
      

     

    (a)     Chairman
      acknowledges and agrees that the information, observations and data obtained
      by
      him during the course of his service as a director of the Company is the
      property of the Company. Therefore, Chairman for a period of three (3) years
      after the Retirement Date, (a) shall hold in a fiduciary capacity and in
      strict confidence for the benefit of the Company, its subsidiaries and
      affiliates all Confidential Information (as defined below), and (b) without
      the prior written consent of the Board or except to the extent required by
      law
      (and upon prompt written notice of such requirement to the Company), shall
      not
      directly or indirectly, divulge, furnish, disclose, use for his own purposes
      or
      make accessible to any others for any purpose any Confidential Information.
      Chairman acknowledges and agrees that the disclosure of any Confidential
      Information will be damaging or harmful to the business activities of the
      Company, its subsidiaries and affiliates, and that such disclosure can direct
      or
      divert corporate opportunities, product sales and/or profits away from the
      Company, its subsidiaries or affiliates. In the event Chairman shall be required
      by law to make any disclosure as set forth above, Chairman shall promptly notify
      the Company and any subsidiary or affiliate which may reasonably be affected
      by
      such disclosure and shall cooperate with the Company, such subsidiary and such
      affiliate to preserve in full the confidentiality of all Confidential
      Information of the Company, such subsidiary or such affiliate. Confidential
      Information shall be considered confidential or proprietary unless and to the
      extent that such Confidential Information becomes generally known to and
      available for use by the public other than as a result of any act or omission
      to
      act by Chairman. Chairman will take all appropriate steps to safeguard
      Confidential Information and to protect it against disclosure, misuse,
      espionage, loss and theft.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)     Not
      withstanding the foregoing, the Chairman further understands and agrees that
      the
      federal and state securities laws prohibit any person who has received from
      an
      issuer material, non-public information from purchasing or selling securities
      of
      such issuer or from communicating such information to any other person under
      circumstances in which it is reasonably foreseeable that such person is likely
      to purchase or sell such securities.

     

    (c)     As
      used
      in this Agreement, the term “Confidential
      Information”
means
      information that is used, developed or obtained by the Company or any of its
      subsidiaries and affiliates in connection with the Company’s or such
      subsidiary’s or affiliate’s business, including but not limited to
      (i) business plans, strategies and opportunities, (ii) products or
      services, (iii) fees, costs, pricing structures and budgets,
      (iv) research and development, (v) accounting and business methods,
      (vi) all technology and trade secrets, (vi) intellectual property,
      unique business information or confidential or proprietary information, and
      (vii) all similar and related information in whatever form. Confidential
      Information will not include any information that has been published in a form
      generally available to the public prior to the date Chairman proposes to
      disclose or use such information. Information will not be deemed to have been
      published merely because the existence of such information has been disclosed
      or
      individual portions of the information have been separately published, but
      only
      if all material features comprising such information have been published in
      combination.

     

     

    7.     Publicity;
      No Disparaging Statement.
      In
      accordance with normal ethical and professional standards and except with
      respect to such matters described in 18 U.S.C. Section 1514A, the Chairman
      shall
      refrain from taking action or making statements, written or oral, which
      disparage or defame the goodwill or reputation of the Company, its directors,
      officers, or which could adversely affect the morale of its employees. In
      addition, in accordance with normal ethical and professional standards, the
      Company shall refrain from taking action or making statements, written or oral,
      which disparage or defame the goodwill or reputation of the
      Chairman.

     

     

    8.     Return
      of Company Property.
      Upon
      the Retirement Date, the Chairman
      agrees
      to return to the Company all property of the Company, including but not limited
      to data, lists, information, memoranda, documents, identification cards, parking
      cards, keys, computers, fax machines, beepers, phones, files and any and all
      written or descriptive materials of any kind belonging or relating to the
      Company, including, without limitation, any originals, copies and abstracts
      containing any Confidential Information in the Chairman’s possession or
      control.

     

     

    9.     Entire
      Agreement. This
      Agreement shall constitute the full and complete agreement between the parties
      concerning its subject matter and fully supersedes any and all other prior
      agreements or understandings between the parties concerning the subject matter
      hereof. This Agreement shall not be modified or amended except by a written
      instrument signed by both the Chairman and an authorized representative of
      the
      Company.

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.     Remedies.
      The
      Chairman and the Company acknowledge and agree that any violation of Section
      6
      and/or Section 7 of this Agreement would result in irreparable injury for which
      monetary damages would be an inadequate remedy. Therefore, the Chairman and
      the
      Company shall each be entitled as a matter of right to seek an injunction to
      prevent a breach of the covenants and obligations set forth in Section 6 and
      Section 7 of this Agreement and such right shall be cumulative and in addition
      to any other remedies which may be available. 

     

     

    11.     Applicable
      Law.
      This
      Agreement shall be construed and interpreted in accordance with the laws of
      the
      State of Michigan (without giving effect to principles of conflicts of law),
      to
      the extent such laws are not otherwise superseded by the laws of the United
      States.

     

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    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this Agreement, as of this 9th
      day of
      October, 2006.

     

    
      	 	 	 
	 	
              The
                Company:

               

              SEMCO
                ENERGY, INC.

            
	 
 	 
 	 
 
	October
              9, 2006 	By: 	/s/
              Michael V. Palmeri 
	
              

            	 	
              

            
	Date 	 	 
	 	Its:  	Senior
              Vice President and Chief Financial Officer
	 	
              

            

    

     

    
      
        	 	 	 
	 	
                The
                  Chairman:

                 

                JOHN
                  M. ALBERTINE

              
	 	 
	 	 
	October
                9, 2006	/s/
                John M. Albertine
	
                

              	
                

              
	Date

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