Document:

UNITED MOBILE HOMES, INC

UNITED MOBILE HOMES, INC.

Employment of the President - Samuel A. Landy

AGREEMENT EFFECTIVE January 1, 2005

BY AND BETWEEN:

United Mobile Homes, Inc., a New Jersey

Corporation (“Corporation”)

AND:

Samuel A. Landy (“Employee”)

Corporation desires to employ Employee in the business of the Corporation and Employee desires to be so employed.  The parties agree as follows:

1.

Employment.

Corporation agrees to employ Employee and Employee agrees to be employed 

in the capacity of President for a term of three (3) years effective January 1, 2005 and terminating December 31, 2008.

2.

Time and Efforts.

Employee shall diligently and conscientiously devote his time and attention and 

put his best efforts to the discharge of his duties as President of the Corporation.

3.

Board of Directors.

Employee should at all times discharge his duties in consultation with and under the supervision of the Board of Directors of the Corporation.  In the performance of his duties, Employee shall make his principal office in such place as the Board of Directors of the Corporation and Employee from time to time to agree.

4.

Compensation.

A.

First year.  During the Corporation’s fiscal year beginning January 1, 2005  

Corporation shall pay to the Employee as compensation for his services the

sum of $329,922, which shall be paid in equal bi-weekly installments.

B.

Second year.  During the Corporation’s fiscal year beginning January 1, 2006

Corporation shall pay to the Employee as compensation for his services the sum of $346,418, which shall be paid in bi-weekly installments.

C.

Third year.  During the Corporation’s fiscal year beginning January 1, 2007     

Corporation shall pay to the Employee as compensation for his services the sum of $363,739, which shall be paid in bi-weekly installments.

Employment Agreement

Page 2

Thereafter the term of this Employment Agreement shall be automatically 

renewed and extended for successive one-year periods except that either 

party may, at least ninety (90) days prior to such expiration date or any 

anniversary thereof, give written notice to the party electing that this

Employment Agreement not be renewed or extended, in which event this 

Employment Agreement shall expire as of the expiration date, respectively.

In the event a merger of the Company, sale or change of control, Employee

shall have the right to extend and renew this Employment Agreement so 

that the expiration date will be three years from the date of merger, sale or

change of control.

D.

Bonuses shall be paid at the discretion of the Board of Directors.  The

following guidelines are agreed to:

1.

The maximum bonus will be 21% of base salary.  A 7% per year bonus will be paid by meeting any of the following goals.

2.

Performance will be measured by achieving one or more of the following:

a.

FFO per share to increase 5% per year. Income to be calculated based on ordinary park operation including sales of homes after tax income.  Extraordinary one time items not to be included for performance purposes.  Any increase or decrease in the number of shares is to be adjusted so that the determination is based on a constant number of shares

  

b.

There shall be a minimum of 175 new home sales per year.

c.

Occupancy to increase 25 units per year.  Not including any increased occupancy occurring through acquisitions

The bonus of 21% of base salary will be paid 1/3 for each net goal met.

      

                     The payment of any bonus under this plan does not exclude the 

          payment of any other bonuses including the stock option bonus 

          referred to below:

Employment Agreement

 Page 3

3.

Stock option bonus:  The Employee shall receive the Option to purchase

50,000 shares of stock at market price or the price required by law each year

unless grant of the option exceeds the number of shares allowed by the option

plan.  Said options expire 8 years after the date of the grant.

5.  Expenses.

Corporation will reimburse the Employees for reasonable and necessary expenses 

by him and carrying out his duties under this agreement.  Employee shall present to the 

Corporation from time-to-time, an itemized account of such expenses in such forms as

may be required by the Corporation.

6.  Automobiles.

In recognition of Employee’s need for an automobile for business purposes, the 

Corporation will provide the Employee with an automobile including maintenance, 

repairs, insurance, and all costs incident thereto, all comparable to those presently

provided to Employee by the Corporation.

7.

Indemnity and Attorney Fees.

The Corporation agrees to indemnify the Employee from any and all lawsuits

filed directly against the Employee in either his capacity as Employee or as a Director of 

the Corporation.  The Corporation will pay all attorney fees and costs to defend the 

Employee from any such lawsuits.

8.

Vacation.

Employee shall be entitled to take four (4) paid weeks vacation per year.

9.

Disability Services.

The Corporation will pay Employee an amount equal to the premium for the 

Employee’s purchase of disability insurance.  Additionally, Employee is entitled to one

year’s severance pay if the severance is a result of action by the Board.  Employee is not

entitled to both at the same time.

Employment Agreement

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10.

Life Death Benefits.

The corporation shall directly pay up $1,600 per year for the life insurance 

policy owned by the Samuel Landy Family Ltd. Partnership.

11.

401-K Plan.

The Corporation will continue to provide a 401-K Plan, which the Employee can 

Contribute to at his option.

12.

Change of More than Three Corporate Directors.

In the event a change of more than three (3) Directors of the Corporation during the

term of this Contract, then Samuel A. Landy, shall have the option to cancel this Contract

at any time after the change of more than three (3) Directors.  Notice of intent to cancel 

this Contract shall be sent by Samuel A. Landy to each Board member of the Corporation

and shall be effective thirty (30) days after the mailing.

13. Notices.

All notices required or permitted to be given under this agreement shall be given 

by certified mail, return receipt requested to the parties at the following addresses or such

other addresses as either may designate in writing to the other party;

Corporation:  United Mobile Homes, Inc.

                       3499 route 9 North, Suite 3-C

           Freehold, NJ 07728

Employee:      Samuel A. Landy

124 Federal Road

Monroe Township, NJ 08831

14.

Governing Law.

This Agreement shall be construed and governed in accordance with the laws of the 

State of New Jersey.

Employment Agreement

 Page 5

15.

Entire Contract.

This Agreement constitutes the entire understanding and agreement between the

Corporate and Employee with regard to all matters herein.  There are no other

Agreements, conditions or representatives oral or written express or implied with 

regard thereto.  This Agreement may be amended only in writing and signed by both 

parties hereto.

Employment Agreement

 Page 6

IN WITNESS WHEREAS, Corporation has its appropriate officers signed and

Affixed its seal and Employee has signed and sealed this Agreement.

UNITED MOBILE HOMES, INC.

(SEAL)

BY:_/s/Richard_Molke______

      Richard Molke 

      Compensation Committee

BY:/s/Samuel A. Landy______

     Samuel A. Landy, Employee

BY:/s/Eugene Rothenberg____

     Eugene Rothenberg

     Compensation CommitteeExhibit 10.1

EXHIBIT 10.1

March 8, 2006

Mr. Wesley R. Card

Jones Apparel Group, Inc.

1411 Broadway

New York, New York 10018 

Re: Amendment No. 2 to Amended and Restated Employment Agreement 

Dear Mr. Card: 

Reference is made to the Amended and Restated Employment Agreement dated as
of March 11, 2002 by and between you and Jones Apparel Group, Inc. (the
"Company"), as amended by the letter agreement by and between you and the
Company dated February 28, 2003 (the "Employment Agreement"). All capitalized
terms not otherwise defined herein shall have the meanings ascribed thereto in
the Employment Agreement. 

This will confirm our agreement to amend the terms and conditions of the
Employment Agreement, effective as of the date hereof, as follows: 

1. The first two sentences of Section 1 of the Employment Agreement are
hereby amended to read as follows: 

"During the term of this Agreement, the Company shall employ the Executive as
the Chief Operating Officer of the Company. During the Term, the Executive shall
have such responsibilities, duties and authorities as are commensurate with
chief operating officers of public entities of similar size to the Company."

2. Subsection 6(e)(ii)(6) of the Employment Agreement is hereby amended to read
as follows:

"a reduction in the Executive's title and status as Chief Operating Officer of
the Company, or any change in the Executive's status as reporting directly to
the Chief Executive Officer; or the assignment to the Executive of any duties
materially inconsistent with the Executive's position (including, without
limitation, status, office, titles and reporting requirements), authority,
duties or responsibilities as contemplated by Section 1 of this Agreement, or
any other action by the Company which results in a material diminution in such
position, authority, duties or responsibilities, excluding for this purpose any
action not taken in bad faith and which is remedied by the Company no later than
thirty (30) days after written notice by the Executive; or" 

3. Except as otherwise set forth in this Amendment No. 2 to Amended and
Restated Employment Agreement, the Employment Agreement is ratified and
confirmed in all respects and remains in full force and effect.

Please acknowledge your agreement with the foregoing by signing the enclosed
copy of this letter agreement and returning it to the Company.

Very truly yours,

JONES APPAREL GROUP, INC. 

By: /s/ Peter Boneparth

Peter Boneparth, President and 

Chief Executive Officer

Agreed to in all respects:

/s/ Wesley R. Card

Wesley R. Card

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