Document:

exhibit101.htm

May 19, 2010

Mr. Mark F. McGettrick

Chief Financial Officer

Dominion Resources, Inc.

Re: Supplemental Retirement Agreement

Dear Mark:

On April 22, 2005, Dominion Resources, Inc. (the “Company”) entered into a Supplemental Retirement Agreement with you under which you will be treated as a Life Participant under the terms of the Company’s New Executive Supplemental Retirement Plan (“New ESRP”) when you attain age 60 while an officer of the Company.  Pursuant to your August 1, 1999 Employment Agreement you were granted five additional years of age and service credits upon your 50th birthday for purposes of determining pension and certain other retirement benefits.  These terms of your Employment Agreement were confirmed in a February 13, 2007 letter agreement. The purpose of this letter is to restate and clarify the April 22, 2005 Supplemental Retirement Agreement in light of your five additional years of age credits.  You and the Company agree that, effective as of the execution of this Agreement, your April 22, 2005 Supplemental Retirement Agreement is null and void.

Because of your valuable knowledge and experience, the Company wishes to enter into this supplemental retirement agreement (the “Agreement”) with you to ensure that your employment with the Company will continue and that your services will not be available to a competitor.  Subject to the terms and conditions set forth below, the Company agrees that if you remain in the Company’s employ and serve as an officer of the Company until November 14, 2012, upon your subsequent termination of employment for any reason other than for Cause (as such term is defined in your Employment Continuity Agreement), you will be treated as a Life Participant under the terms of the Company's New Executive Supplemental Retirement Plan (“New ESRP”).  The five years of additional age and service credited to you pursuant to the February 13, 2007 letter will be disregarded for purposes of determining your eligibility to become a Life Participant; you must remain continuously employed as an officer of the Company until November 14, 2012 to be treated as a Life Participant.  If you do not fulfill the terms and conditions of this Agreement, you will remain a Regular Participant under the terms of the New ESRP.

The New ESRP benefit payable under this Agreement will be calculated in accordance with the terms of New ESRP Section 3.1(b).  This benefit will be paid as a Lump Sum Equivalent, as such term is defined in the New ESRP.

In consideration for the Company’s promise under this Agreement, you agree that, effective on the date of this Agreement, during your employment and for two years following the termination of your employment for any reason, you will not, directly or indirectly, own, manage, operate, control, be employed by, or provide consulting services to, any other business that engages in activities in competition with the Company in any state (a) in which the Company is at the time carrying on business activities or (b) in which the Company is at the time actively negotiating to enter into business activities. Notwithstanding the foregoing, the Chief Executive Officer may determine, in his sole discretion, to permit specific employment and/or activities if he deems it will not be detrimental to the Company.

You further agree, effective on the date of this Agreement, that during your employment with the Company and for a period of two years following the termination of your employment for any reason, you will not solicit or attempt to solicit any employees or customers of the Company, or other persons or entities with or through whom the Company has done business, for the purpose of providing goods and services or engaging in activities in competition with the Company.  You specifically agree that, during the period of your employment and for two years following the termination of your employment for any reason, you will not (a) solicit, aid or encourage, directly or indirectly, any employees of the Company to leave the Company or work elsewhere or (b) solicit, aid or encourage, directly or indirectly, any of the Company’s customers to move their business from the Company or to place business elsewhere.

The Company’s contractual obligations under the New ESRP and this Agreement are unsecured obligations. Any payment made under this Agreement will be paid from the general assets of the Company when due. No promises under this Agreement will be secured by any specific assets of the Company, nor will any assets of the Company be designated as attributable or allocated to the satisfaction of any such promises. Except as modified by this Agreement, the New ESRP benefit will be subject to the terms of the New ESRP in effect at the time of payment.

If you agree with the terms and conditions set forth in this Agreement, please indicate your acceptance by signing and returning one copy to Marie Carter, Director-Executive Compensation. Please retain the other copy for your records.

This Agreement is effective as of May 19, 2010.

Sincerely,

/s/ Thomas F. Farrell II

 

Thomas F. Farrell II

Chairman, President & Chief Executive Officer

Dominion Resources, Inc.

ACCEPTED:

/s/ Mark F. McGettrick              May 19, 2010   

Mark F. McGettrick                                                                         Dateexhibit1015.htm

    Relocation
Agreement

     

    AVX
Corporation (the “Company“) and ______________ (the “Employee”) agree to the
following arrangement in connection with the Employee’s relocation near the
Company’s facility in Fountain Inn, South Carolina (the
“Facility”).

     

    
      	
               
      

            	
              1.
      Based on the average of three independent appraisals of the Employee’s
      current residence near Myrtle Beach (the “Prior Residence”) arranged by
      the Company and the Employee, the Company agrees to purchase the Prior
      Residence for $_____________ (the “Purchase Price” – based on appraisal
      average). The Company agrees to purchase the Prior Residence and pay the
      Purchase Price to the Employee up to three weeks prior to the Employee’s
      purchase of a residence near the Facility (the “New Residence”), but no
      later than ______________, 2010.

            

    

    

    
      	
               
      

            	
              2.
      The Employee agrees within a reasonable time following the date the
      Purchase Price is paid by the Company to vacate the Prior Residence and
      settle any outstanding debts and any accrued but unpaid obligations in
      connection with the Prior Residence and cooperate with the Company to take
      any steps necessary to complete the transaction and its
      documentation.

            

    

    

    
      	
               
      

            	
              3.
      Up to three weeks prior to the Employee purchasing a home near the
      Facility, the Company agrees to pay the Employee a $___________ incidental
      allowance (the “Incidental
Allowance”).

            

    

    

    
      	
               
      

            	
              4.
      If the Employee voluntarily leaves the employment of the Company prior to
      the later of relocating to the New Residence or completion of the Company
      purchase of the Prior Residence and its documentation, Employee shall
      immediately repurchase the Prior Residence for an amount equal to the
      Purchase Price and shall repay the Incidental
  Allowance.

            

    

    

    
      	
               
      

            	
              5.
      The Company agrees to pay for all costs (excluding costs in connection
      with the repayment of any outstanding debts and any accrued but unpaid
      obligations in connection with the Prior Residence) related to the
      transfer of the title to the Prior Residence to the Company or the closing
      costs related to the Employee sale of the Prior Residence to a third
      party. All such expenses must be documented to the satisfaction of the
      Company.

            

    

    

    
      	
               
      

            	
              6.
      The Company agrees to reimburse the Employee for reasonable costs related
      to a reasonable number of house hunting trips, and closing costs
      (excluding costs related to the Employee’s financing of the New Residence)
      in connection with the purchase of the New Residence. All such expenses
      must be documented to the satisfaction of the
  Company.

            

    

    

    
      	
               
      

            	
              7.
      The Company agrees to pay for the reasonable expenses of packing and
      moving of the Employee’s household goods and related family travel costs
      from the Prior Residence
      to the New Residence. All such expenses must be documented to the
      satisfaction of the Company.

            

    

     

    
      	
               
      

            	
              8.
      The Company agrees to reimburse, on a fully grossed up basis, the Employee
      for the incremental Federal, State and Local income tax costs incurred by
      the Employee as a result of such reimbursements or payments becoming
      taxable to the Employee. All such tax liabilities must be documented to
      the satisfaction of the Company.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               
      

            	
              9.
      If the Employee voluntarily leaves the employment of the Company within
      one year of the later of the Company purchasing the Prior Residence or the
      Employee purchasing the New Residence, the Employee shall repay the
      Incidental Allowance and any and all reimbursements and/or payments
      received under this Agreement.

               

            

    

    
      	
               
      

            	
              10.
      If Employee is entitled to be paid or reimbursed for any expenses under
      Sections 5, 6, 7 or 8 of this Agreement, and such payments or
      reimbursements are includable in Employee's federal gross taxable income,
      the amount of such expenses reimbursable or payable in one calendar year
      shall not affect the amount reimbursable or payable in any other calendar
      year, and the reimbursement or payment of an eligible expense shall be
      paid promptly after Employee provides the Company with documentation of
      such expense reasonably acceptable to the Company, but in no event later
      than December 31 of the year after the year in which the expense was
      incurred. Employee's rights to payment or reimbursement of expenses under
      this Agreement shall expire at the end of two years after the date of this
      Agreement.

               

            

    

    
      	
               
      

            	
              11.
      If Employee is entitled to any tax gross-up payment under Section 8 of
      this Agreement, such payment shall be paid by Company to the Employee
      promptly after Employee provides the Company with documentation of the
      amount and payment of the tax liability, but in no event later than
      December 31 of the year after the year in which the related taxes are
      remitted to the applicable taxing authorities.

               

            

    

    
      	
               
      

            	
              12.
      The Employee agrees that if the Employee voluntarily leaves the employment
      of the Company, the Employee shall not, directly or indirectly, either for
      himself or for any other Person, participate in any business or enterprise
      which is in competition with the Business as conducted or proposed to be
      conducted by the Company or a subsidiary as of the date the Employee’s
      employment with the Company ends for a two year period from such date
      (such period is referred to as the “Non-Competition Period”). “Business”
      means, as of the date hereof, the business of developing, manufacturing,
      marketing, or selling ______________________________and shall include any
      other business engaged in or proposed to be engaged in by the Company or a
      subsidiary as of the date the Employee’s employment with the Company ends.
      This restriction includes, but is not limited to
      _____________________________, or any of their affiliates or subsidiaries.
      For purposes of this Agreement, the term “Participate” includes any direct
      or indirect interest in any enterprise, whether as an officer, director,
      employee, partner, sole proprietor, agent, representative, independent
      contractor, consultant, franchisor, franchisee, creditor, owner or
      otherwise; provided that the term “Participate” shall not include
      ownership of less than one percent of the stock of a publicly held
      corporation whose stock is traded on a national securities exchange or in
      the over-the-counter market. Employee agrees that this non-competition
      covenant is reasonable with respect to its duration, geographical area and
      scope.

            

    

    ________________________________          _______________________________

     

    Employee/Date                    On behalf
of AVX Corporation/Title/Date

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