Document:

Offer of Employment Letter between Sam Auriemma and the Company

 EXHIBIT 10.5 
 

 
 Phone: 513/686-2806 
 Fax: 714/784-4231 
 John.mongelluzzo@mscsoftware.com 
 March 21, 2007 
 Mr. Sam Auriemma 
 4 Andover Court 
 Laguna Niguel, CA 92677 
 Dear Sam, 
 On behalf of MSC.Software Corporation, I am pleased to offer you
the position of Executive Vice President and Chief Financial Officer. This position reports to William J. Weyand, Chairman and Chief Executive Officer, and is located in Santa Ana, California. 
 We are offering you a base salary of $310,000 annually, paid semi-monthly. In addition, you will also be eligible to participate in the Executive Bonus Program that is
targeted at 60% of your base salary which will be prorated for 2007. All payments will be subject to required tax withholding and other authorized deductions. 
 As part of your overall compensation package, you will receive non-qualified stock options covering 175,000 shares of MSC.Software common stock, granted upon Board approval (such options to have a per share exercise price equal to the
closing price of our stock on that date). You will also be eligible to enter into a Change-in Control Severance Compensation Agreement. Terms of this agreement include acceleration of stock options upon a change in control and in the event your
employment is terminated within two years following a change in control, then you would be eligible to receive 2.5 times your current salary plus bonus at target as well as a gross up to cover your excise tax. 
 The options will be subject to the terms and conditions of the MSC.Software Corporation 2006 Performance Incentive Plan and the terms and conditions of a stock option
agreement to be prepared by MSC.Software and will vest equally in four annual installments on the anniversary of the grant date and which will have a ten year term. The stock option agreement will be in substantially the form of stock option
agreement currently used by MSC.Software with respect to ordinary employee stock option grants under such plan. Such terms and conditions include, without limitation, vesting requirements, termination provisions, and adjustment provisions with
respect to stock splits and similar events. 
 The summary of all benefits hereunder is qualified in its entirety by the agreements you enter into with the
Company. 
 You are eligible to receive Executive Company Benefits, including medical, deferred compensation, and participation in our Auto Allowance Program
as in effect from time to time. Your monthly auto allowance will be $1080.00 per month. In addition, your Paid Time Off (PTO) bank accrues each pay period to a maximum of 20 days per year. 
 If you are made a party of any legal proceeding by reason of the fact that you have served as an officer or employee of MSC, you will be entitled to indemnification by
MSC to the full extent permitted by MSC’s certificate of incorporation and bylaws. In addition, while an executive officer 

 Mr. Sam Auriemma 
 March 21,
2007 
 Page 2 
 of MSC you will be covered by MSC’s
directors and officers’ liability insurance policy (or policies) to the extent such coverage is extended to MSC’s executive officers generally. 
 The proposed start date for this position is April 15, 2007. Please signify your acceptance of our offer by signing the enclosed copy of this letter and faxing it to me at 714.784.4231. Please also mail a copy of the signed original to
me. This offer is valid until the close of business on Friday, March 30, 2007. 
 By accepting your position with MSC.Software, you represent to
MSC.Software that: (1) the execution and delivery of this letter agreement by you and MSC.Software and the performance by you of your duties for MSC.Software will not constitute a breach of, or otherwise contravene, the terms of any other
agreement or policy to which you are a party or otherwise bound; (2) that you have no information (including, without limitation, confidential information and trade secrets) of any other person or entity which you are not legally and
contractually free to disclose to MSC.Software; (3) that you are not bound by any confidentiality, trade secret or similar agreement with any other person or entity. 
 The United States Government requires MSC.Software Corporation to verify your eligibility for U.S. employment and identity. Proof of citizenship or immigration status and a valid Social Security card will be required
upon commencement of employment. You will also be required to sign and abide by a confidentiality and inventions agreement in the form provided to you by MSC.Software. 
 Although we hope that our relationship will be mutually rewarding, your employment with MSC.Software is “at-will”, which means that either you or MSC.Software can terminate the employment relationship at any
time, with or without cause. The “at-will” nature of your employment cannot be changed or modified except in writing signed by the Chief Financial Officer of MSC.Software. This letter agreement contains all of the terms of your employment
and supersedes all prior and contemporaneous negotiations and agreements with respect thereto. There are no representations, warranties, or other agreements with respect to your employment except as expressly set forth herein. 
 We are looking forward to welcoming you to the MSC.Software team. Please feel free to contact me at (714)444-5151 if you have any questions. 
 Sincerely, 
 /s/ John A. Mongelluzzo 
 John A. Mongelluzzo 
 Executive Vice President, Business Administration,

 Legal Affairs and Secretary 
 Enclosures/Benefits Summary

 Accepted: 
  

									
					
	/s/ Sam Auriemma	 		 		 	3/22/07	 	
	Sam Auriemma	 		 		 	Date	 	

 8044 Montgomery Road, Suite 105, Cincinnati, Ohio 45236Amendment to Supply Agreement

 Exhibit 10.15B 
 

 
 November 13, 2006 
 Mr. Michael J. Hoffman 
 CEO 
 Constar,
International 
 One Crown Way 
 Philadelphia, PA 19154

 Re: Contract Amendment 
 Dear Michael: 
 As per our conversation and pursuant to the current Supply Agreement between New Century Beverage Company (NCB) and Constar dated October 17, 2002, we agree to
continue our current relationship and to abide, and be bound, by the terms and conditions of such agreements, with the exception of the following amendments: 
  

	 	1.	Schedule C of the Supply Agreement shall be deleted and replaced in its entirety by the revised Schedule C, which is attached hereto. 

  

	 	2.	Effective January 1, 2008, Section 4 shall be deleted and replaced in its entirety as follows: 

 4.1: Buyer shall purchase from Seller, and Seller shall sell to Buyer, 100% of the Containers required by Buyer for the sale of carbonated soft drink,
non-carbonated beverages, or bottled water products in the locations outlined in Schedule B2. Containers filled at locations listed in Schedule B2 which are currently supplied under contract with other suppliers and which are specified on Schedule
B3 shall be excluded from this commitment. 
 4.2: Buyer shall have the right to change Buyer filling locations from time to time during the
Term, provided the Buyer’s forecasted Container volumes for the substituted location(s) which will be added to the Agreement are substantially similar to the forecasted Container volumes of the location(s) which will be removed from the
Agreement, as long as Seller’s quality and service conforms to the provisions referenced in Section 13 and Buyer’s overall system growth supports such. Buyer shall also have the right to add additional filling locations to this
Agreement. 
  

	 	3.	Effective January 1, 2008, Section 6.1 shall be deleted and replaced in its entirety as follows: 

 With respect to [ * * * ] Locations on Schedule B2, Buyer agrees to purchase a [ * * * ] of [ * * * ] for 2008. If Buyer does not [ * * * ] such
[ * * * ], Buyer agrees to [ * * * ]. Buyer has the option to choose whether it will [ * * * ] over the next Contract Year’s purchases, should they exist. 
  

	 	4.	Section 8.1g shall be deleted in its entirety. 

  

	 	5.	Constar shall be given the opportunity to [ * * * ] on the condition that Constar [ * * * ]. 

  

	 	6.	Effective January 1, 2008, Schedule B1 shall be deleted and replaced in its entirety by the revised Schedule B1, which is attached hereto. 

 [ * * * ]    Confidential treatment requested. 

	 	7.	Effective January 1, 2008, Schedule B2 shall be deleted and replaced in its entirety by the revised Schedule B2, which is attached hereto. 

  

	 	8.	Buyer agrees to [ * * * ], and Buyer agrees that Seller shall [ * * * ] of Buyer’s Container requirements. 

 This amendment will be in effect as of January 1, 2007 and shall continue until December 31, 2008. 
 All other terms and conditions of the Supply Agreement not otherwise modified herein shall remain in full force and effect. 
 Please indicate your acceptance of the above by signing below and returning the enclosed originals to my attention. 
 Sincerely, 
  

									
	 By
	 	 /s/ Dianne Sutter
	 		 	By	 	 /s/ Mitch Adamek

		 	 Dianne Sutter
	 		 		 	Mitch Adamek
		 	 VP, Bottles & Closures
	 		 		 	SVP, Global Procurement
					
	 Date:
	 	11/16/06	 		 	Date:	 	11/17/06
					
	 By
	 	 /s/ Chris Gallucci
	 		 	By	 	 /s/ John Adams

		 	 Chris Gallucci
	 		 		 	John Adams
		 	 VP, Global Packaging
	 		 		 	CFO, Global Procurement
					
	 Date:
	 	11/16/06	 		 	Date:	 	11/20/06

  

			
	 Agreed and accepted

	 this 14 day of Nov, 2006.

	
	 Constar International

		
	 By:
	 	 /s/ Michael J. Hoffman

	 Name:
	 	Michael J. Hoffman
	 Title:
	 	CEO & President

 [ * * * ]    Confidential
treatment requested. 

 Schedule B1 – Volume Forecasts 
 Volume forecast for each year will be provided to Seller. [ * * * ] shall be [ * * * ]. 

 [ * * * ]    Confidential treatment requested. 

 Schedule B2 
 [ * * * ] Locations 
  

					
	PBG BALTIMORE	 	PBG LAUREL	 	PBG SAN ANTONIO
	PBG CHEVERLY	 	PBG JOHNSTOWN	 	PAS TWINSBURG
	PBG NEWPORT NEWS	 	PBG ORLANDO	 	PAS RESERVE
	PBG ROANOKE	 	PBG JACKSONVILLE	 	PAS COLLIERVILLE
	PBG PHILADELPHIA	 	PBG TAMPA	 	[ * * * ] CONTAINERS AT PEPSI CINCINNATI
	PBG NEW RIVER	 	PBG MESQUITE	 	PBG WILLIAMSPORT
	PBG HOUSTON	 	PBG TULSA	 	

 [ * * * ] Locations 
  

					
	PBG CHARLOTTE	 	PAS RIVIERA BEACH	 	PBV SALISBURY

 [ * * * ] Locations 
  

	
	 NORTON, VA

	 CHARLOTTESVILLE, VA

 [ * * * ]     Confidential
treatment requested. 

 Schedule B3 
 Containers Currently Under Contract with Other Suppliers 
  

			
	 Filling Location
	 	 Container

	 Cheverly
	 	[ * * * ]
		
	 Collierville
	 	[ * * * ]
		
	 Houston
	 	[ * * * ]
		
	 Mesquite
	 	[ * * * ]
		
	 New River
	 	[ * * * ]
		
	 Orlando
	 	[ * * * ]
		
	 Tampa
	 	[ * * * ]
		
	 Twinsburg
	 	[ * * * ]

 [ * * * ]    Confidential
treatment requested. 
  

 SCHEDULE C 
 Contract Prices For Containers 
 (Pricing Per One Thousand Containers) 
 Conversion Cost shall apply for all [ * * * ] and [ * * * ]. 
  

																									
	 	 	 Container Size and Gram Weight

	 [ * * * ]
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
		 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
	[ * * * ]	 	[ * * * ]
	 Resin Cost
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
	 Conversion
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
	 Total
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
	[ * * * ]	 	[ * * * ]
	 Resin Cost
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
	 Conversion
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]
	 Total
	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]	 	[ * * * ]

 Notes: 
  

	 1
	 Contract prices, based on gram weights indicated, are based on a resin cost of [ * * * ]. Resin price
per pound is subject to change per the terms of the Supply Agreement. 

  

	 2
	 The base conversion cost for [ * * * ] is [ * * * ]. The incremental cost for [ * * * ] is [ * * * ].

  

	 3
	 The base conversion cost for [ * * * ] is [ * * * ]. The [ * * * ] shall be [ * * * ].

  

	 4
	 Label application rates for [ * * * ]. 

  

	 5
	 An [ * * * ] will be [ * * * ]. 

  

	 6
	 [ * * * ] will be [ * * * ]. 

  

	 7
	 [ * * * ] will be [ * * * ]. 

  

	 8
	 [ * * * ] will be [ * * * ]. 

  

	 9
	 [ * * * ] will be [ * * * ]. 

  

	 10
	 [ * * * ] will be [ * * * ]. 

 [ * * * ]    Confidential treatment requested.

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