Document:

Prudential Financial, Inc. Non-Employee Director Compensation Summary

 Exhibit 10.1 
 Prudential Financial, Inc. Non-Employee Director Compensation Summary 
 (As adopted on
October 9, 2007, effective January 1, 2008) 
  

	•	 	 Upon becoming a director, each non-employee director (a “Director”) receives a one-time grant of $100,000 in Prudential Financial stock units that are
deferred until retirement from the Board. 

  

	•	 	 Each Director receives an annual retainer of $200,000 of which 50% is automatically deferred in units of Prudential Financial stock payable upon retirement under
The Prudential Deferred Compensation Plan for Non-Employee Directors. The remaining 50% may be deferred at the Director’s option. 

  

	•	 	 All Committee Chairpersons receive an additional $15,000 retainer (50% of which is automatically deferred in stock units). 

  

	•	 	 Audit Committee members receive an annual committee retainer of $25,000 (50% of which is automatically deferred in stock units). 

  

	•	 	 Members of each standing Board Committee other than the Audit committee and the Executive Committee, and of any non-standing committee of Directors that may be
established from time to time, receive an annual committee retainer of $10,000 (50% or which is automatically deferred in stock units). 

  

	•	 	 There are no meeting fees, other than fees for attending meetings of the Community Resources Committee (which generally meets on a day separate from Board
meetings). Members of this committee receive $1,250 per meeting. 

  

	•	 	 The Presiding Director receives a $25,000 retainer.First Amendment to the Prudential Supplemental Employee Savings Plan

 Exhibit 10.2 
 FIRST AMENDMENT 
 TO THE 
 PRUDENTIAL SUPPLEMENTAL EMPLOYEE SAVINGS PLAN 
 (Effective as of
January 1, 2006) 
 Clarifying the absence of any after-tax deferral feature similar to 
 Roth Elective Deferrals in The Prudential Employee Savings Plan 
 Purpose and Background: 
  

	A.	Pursuant to Section 7.1(b) of the Prudential Supplemental Employee Savings Plan (the “Plan”), the Senior Vice President for Corporate Human Resources
(“SVP”), or the successor to his or her duties relating to corporate human resources has the authority to amend the Plan on behalf of The Prudential Insurance Company of America (“Prudential”) with respect to certain ministerial
changes that are necessary or appropriate to reduce complexity or minimize administrative expense. 

  

	B.	The SVP has determined that the following amendment is within the scope of authority granted to the SVP under the Plan. 

  

	C.	Effective January 1, 2008, Prudential desires to clarify the absence of any after-tax deferral feature similar to the Roth Elective Deferrals in The Prudential Employee Savings
Plan. 

 Resolutions: 
  

	1.	The Preamble of the Plan shall be amended by adding the following new paragraph to the end thereto: 

 For purposes of clarification, in no event shall any amounts deferred under the Plan receive after-tax treatment similar to the Roth Elective Deferrals in
the PESP. 
  

	2.	The first paragraph of Section 3.1 of the Plan is hereby amended by adding the following new sentence to the end thereto: 

 In no event shall any 401(a)(17) Deferral be treated by the Company as includible in the Participant’s income at the time the Participant would have
received that amount in cash if the Participant had not made an election to participate in the Plan under Section 2.2. 
 Adopted on behalf of The
Prudential Insurance Company of America. 
  

					
	 DATE: February 28, 2008
	 		 	 /s/ Sharon C. Taylor

		 		 	Sharon C. Taylor
		 		 	Senior Vice President of Corporate Human ResourcesOffer Letter with David R. Phillips dated June 26, 2006

 Exhibit 10.1 
  

					
	 Polycom, Inc.
  
 1565 Barber Lane
  
 Milpitas, CA 95035
	 	

	 	  
 TEL 408.526.9000
  
 FAX 408.526.9100

	 	 
	 	 

 June 14, 2006 
 Revised June 26, 2006 
 Mr. David Phillips 
 [Address] 
 Dear David: 
 Thank you for your interest
in joining Polycom. We are favorably impressed with your experience, skills, and proven track record. Given the requirements we have in building our company, we believe you are ideal individual to join our team. We are pleased to extend the
following offer, all subject to approval of Polycom’s Board of Directors: 
  

	1.	Title: Senior Vice President, Sales, reporting to Bob Hagerty, Chairman & Chief Executive Officer. This is an exempt professional position located in Picasanton, CA.

  

	2.	Salary: $13,750.00 paid semi-monthly (equivalent to approximately $330,000 per year). If your hire date is within five (5) business days of the end of a pay cycle, you
will receive your paycheck at the end of the following pay cycle. 

  

	3.	Stock Options: You will be granted an option to purchase 150,000 shares of Polycom common stock, subject to approval by the Polycom Board of Directors. The exercise price per
share of the options will be established as Polycom’s closing stock price on the grant date. These options will vest over a 4-year period beginning on your hire date. Subject to your continued employment at Polycom, Inc., one-fourth of the
shares will vest on your 1-year anniversary, and one-thirty-sixth of the balance of the options will vest each month thereafter until fully vested after four years. 

  

	4.	Bonus Plan: You will participate in the 2006 Management Bonus Plan, which is targeted at 60% of your actual base salary earning during the fiscal year. Your eligibility to
receive payments under the 2006 Management Bonus Plan will be based upon the achievement of the following performance goals: 50% based upon Corporate performance and 50% based upon revenue quota attainment. You will receive additional details of the
2006 Management Bonus Plan and these performance metrics upon your hire. 

  

	 5.
	 Relocation: You will receive a payment of $70,000 NET to be paid following your 15th day of employment, to assist with incidental expenses related to your relocation. In addition, Polycom will handle the physical relocation of your household
good; please contact Steve Quakenbush, 408-474-2580, when you would like these arrangements to be made. You will also receive two round trip coach tickets for you and your wife to travel to the California for a house hunting/area familiarization
trip. If needed, Polycom will arrange for up to six months of temporary living and storage of your household goods. This relocation payment is subject to repayment to Polycom if you voluntarily terminate your employment prior to 1 year, 50% of the
total relocation reimbursement if your terminate your employment prior to 2 years: and $0 after 2 years of employment. 

  

	6.	Change of Control: You will be provided with a Change of Control Severance Agreement, pending Board of Directors’ approval. Details of this agreement will be provided to
you subsequently. 

  

	 7.
	 Signing Bonus: You will receive a payment of $30,000 (less applicable taxes) to be paid following your
45th day of employment. This signing bonus payment is subject to repayment to Polycom if you voluntarily terminate your employment with the Company.
The schedule for repayment is 100% of the total bonus if your employment prior to 1 year, 50% of the total bonus reimbursement if you terminate your employment prior to 2 years: and $0 after 2 years of employment. 

  

	8.	Benefits: Polycom provides a competitive benefits package to all full-time, regular employees. A summary of these benefits is enclosed. 

 Mr. David Philips 
 Page 2 
 You hereby represent to Polycom that you are under no obligation or agreement that would prevent you from becoming an employees of
Polycom or that would adversely impact your ability to perform the expected services, including without limitation any non-competition agreement. 
 Adherence to Company rules and regulations is also a condition of employment. Polycom is an equal opportunity/affirmative action employer. 
 This
offer is contingent upon the following: (1) your execution of the enclosed Proprietary Information and Invention Agreement, which, among other things, requires that you will not, during your employment with Polycom, improperly use or disclose
any proprietary information or trade secrets of any former employer and will not bring onto Polycom premises any confidential or proprietary information of any former employer unless that employer has consented to such action in writing;
(2) your execution of the enclosed Proprietary Information Obligations Checklist concerning your obligation to protect and not bring to Polycom the proprietary information of any other company between the date of this offer letter and the date
you begin employment with Polycom; (3) your ability to provide the Company with the legally required proof of your identity and authorization to work in the United States; (4) the satisfactory results of the background investigation and
reference checks; (5) approval of Polycom’s Board of 
 Directors; and (6) understanding of, and commitment to, the standards and policies
contained in the enclosed Polycom Code of Business Ethics and Conduct. 
 This letter sets forth the terms of your employment with us and supersedes any
prior representations or agreements, whether written or oral. Our employment relationship will be considered “at will,” which means that either you or the Company may terminate your employment at any time and for any reason or for no
reason. 
 We look forward to your acceptance of our offer, which will remain open until June 27, 2006. 
 David, we are very interested in having you join Polycom. We believe that your background and knowledge will make you an important addition to our team and look forward
to the opportunity to work with you. 
  

	
	Sincerely,
	
	 /s/ Steve Quakenbush

	Steve Quakenbush
	Director, Human Resources & Corporate Staffing

  

			
	Enclosures:	  	Benefits Summary
		  	Offer Letter (2)
		  	Employment Application
		  	Background Release Form
		  	Proprietary Information and Invention Agreements (2)
		  	Proprietary Information Obligations Checklists (2)
		  	Code of Ethics and Conduct Form
		  	W-4

  

			
		
	Accepted by:	 	 /s/ David Philips

	 	 	David Philips
	Date:	 	6/29/06
	Start Date:	 	June 30, 2006

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