Document:

Consulting Agreement

 Exhibit 10.2 
 CONSULTING AGREEMENT 
 THIS CONSULTING AGREEMENT (this “Agreement”) is made
as of January 1, 2009 (the “Effective Date”) by and between X-RITE, INCORPORATED, a Michigan corporation with its principal office located at 4300 44th Street, S.E., Grand Rapids, Michigan 49512 (“X-Rite”), and
Bernard J. Berg, an individual resident at 10775 Eastern Avenue S.E., Wayland, Michigan 49348 (“Consultant”). 
 WHEREAS,
X-Rite desires to engage Consultant to perform the Services (defined below) in accordance with the terms hereof. 
 NOW, THEREFORE, in
consideration of the foregoing and the covenants and agreements contained herein, the parties hereto agree as follows: 
  

	1.	Consulting Services. X-Rite hereby engages Consultant to provide such consulting services as the Chief Executive Officer or Chief Technology Officer of X-Rite may reasonably
request from time to time (the “Services”); provided, that Consultant shall not be obligated to provide the Services for more than (i) seven (7) business days per month during the first year of the Term (as defined
below) and (ii) four (4) business days per month during the second year of the Term. Consultant hereby accepts and agrees to such engagement, subject to the terms and conditions hereof. 

  

	2.	Compensation. In consideration of Consultant’s performance of the Services, X-Rite shall provide to Consultant: 

  

	 	(a)	an annual consulting fee in the amount of One Hundred Thousand United States Dollars ($100,000), payable during the Term in accordance with X-Rite’s normal payroll practices;
and 

  

	 	(b)	payment of Consultant’s continuation coverage premiums under the Consolidated Omnibus Budget Reconciliation Act of 1986, as amended, for a period of eighteen (18) months
following the Effective Date. 

  

	3.	Term. The term of this Agreement (the “Term”) shall commence as of the Effective Date and shall continue for a period of two (2) years.

  

	4.	 Non-Competition; Non-Solicitation. Consultant agrees that during the Term of this Agreement, Consultant shall not: (i) participate directly or
indirectly, in the ownership, management, financing or control of any business which is, or is about to become, a competitor of X-Rite or its subsidiaries; (ii) provide consulting services or serve as an officer or director for any such
business; or (iii) solicit for employment or other services or employ or engage as a consultant or otherwise any person who is or was an employee of X-Rite, or encourage or facilitate any person who is or was an employee of X-Rite to terminate
his or her employment with X-Rite. Notwithstanding the foregoing, Consultant shall not be prohibited from owning stock of any corporation whose shares are publicly traded so long as that ownership is in no case more than five percent (5%) of
such shares 

	 	 
of the corporation. The time period for the restrictions set forth in this Section shall be extended by the number of days in which Consultant is in breach
of such restrictions. 

  

	5.	Status. The relationship of Consultant to X-Rite shall be that of an independent contractor and nothing in this Agreement shall be deemed to create any employment
relationship between X-Rite and Consultant. 

  

	6.	Notice. All notices and other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United
States registered mail, return receipt requested, postage prepaid, addressed to Consultant at the address set forth on the first page of this Agreement, or to X-Rite at its principal executive offices to the attention of the Secretary, or to such
other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

  

	7.	Complete Agreement. This Agreement contains the full and complete understanding of the parties hereto with regard to the subject matter contained herein. No other agreements
or undertakings of the parties shall in any manner limit or alter the nature and scope of the terms hereof unless in writing duly executed by both parties and expressly providing that the same shall be controlling over any conflicting terms
contained herein. 

  

	8.	Binding Agreement; Assignment. This Agreement is intended to bind and inure to the benefit of and be enforceable by X-Rite, Consultant and their respective heirs,
representatives, successors and assigns. This Agreement is personal as to the rights and interests of Consultant, and as such, Consultant may not assign or transfer his rights, duties or obligations under this Agreement, in whole or in part, without
the prior written consent of X-Rite. 

  

	9.	Waiver. The failure of X-Rite or Consultant to insist, in any one or more instances, upon performance of any of the terms or conditions of this Agreement, shall not be
construed as a waiver or relinquishment of any rights granted hereunder or the future performance of any such term, covenant or condition. No amendment or waiver of any provision of this Agreement shall in any event be effective unless the same
shall be in writing and signed by the parties hereto, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

  

	10.	Governing Law. This Agreement was entered into in the State of Michigan and shall be construed and interpreted in accordance with the laws of the State of Michigan as applied
to contracts made and to be performed in the State of Michigan. Any action arising out of or to enforce this Agreement must be brought in courts in the State of Michigan. The parties consent to the jurisdiction of the courts in the State of Michigan
and to service of process by registered mail, return receipt requested, or by any other manner provided by law. 

 [SIGNATURE
PAGE FOLLOWS] 
  

 - 2 - 

 IN WITNESS WHEREOF, X-Rite has caused this Agreement to be executed by a duly authorized corporate
officer and Consultant has executed this Agreement as of the date and year first above written. 
  

									
	 X-RITE:
  
 X-RITE, INCORPORATED
	 		 	CONSULTANT:
				
	By:	 	/s/Thomas J. Vacchiano, Jr.	 		 	/s/Bernard J. Berg
	Title:	 	Chief Executive Officer	 		 	Bernard J. BergExhibit 10.16

 Exhibit 10.16 
 LOCKHEED MARTIN CORPORATION 
 POST-RETIREMENT DEATH BENEFIT 
 PLAN FOR ELECTED OFFICERS 
 (Adopted
May 25, 1995) 
 (Amended July 25, 1996) 
 (Amended September 22, 2005) 
 (Amended December 7, 2006 
 ARTICLE I 
 PURPOSE OF THE PLAN

 The Lockheed Martin Corporation Post-Retirement Death Benefit Plan for Elected Officers is intended to provide a means for attracting
and retaining capable individuals as senior executive employees of the Corporation. It is further intended to encourage the Corporation’s most talented and experienced executives to remain with the Corporation until retirement age while at the
same time enabling the Corporation to provide for the orderly transfer of senior executive responsibility after these executives reach retirement age. The Plan is effective May 25, 1995. On December 7, 2006, the Plan was amended to limit
participation to employees who became an Eligible Executive prior to January 1, 2007. 
 ARTICLE II 
 DEFINITIONS 
 Unless the context
indicates otherwise, for the purposes of this Plan, the following words and phrases shall have the meanings hereinafter indicated: 

 1. BENEFICIARY — The person or persons (including a trust or trusts) validly designated by a
Participant, on the form provided by the Corporation, to receive the post-retirement death benefit provided under this Plan. In the absence of a valid designation, or if the designated Beneficiary has predeceased the Participant, the Beneficiary
shall be the person or persons entitled by will or the laws of descent and distribution to receive the amounts otherwise payable to the Participant under this Plan; a Participant may amend his or her Beneficiary designation at any time before the
Participant’s death. 
 2. BOARD or BOARD OF DIRECTORS — The Board of Directors of Lockheed Martin Corporation. 
 3. COMPENSATION COMMITTEE or COMMITTEE — The Compensation Committee of the Board of Directors. 
 4. CORPORATION — Lockheed Martin Corporation and its subsidiaries. 
 5. ELIGIBLE EXECUTIVE — An officer of the Corporation who has been elected to that position by the Board of Directors prior to January 1, 2007. 
 6. EMPLOYEE — A person employed by the Corporation on a full-time salaried basis. 
 7. PARTICIPANT — A former Employee of the Corporation who at the time of Retirement was an Eligible Executive. 
 8. PLAN — The Lockheed Martin Corporation Post-Retirement Death Benefit Plan for Elected Officers, as in effect at any time and from time to time.

 9. PREDECESSOR PLAN — A plan sponsored on March 14, 1995 by Martin Marietta Corporation or Lockheed Corporation providing for
the payment of a death benefit upon the death of a retired executive. 
 10. RETIREMENT — Separation from service from the Corporation
that meets the requirements of Article III. 
  

 2 

 ARTICLE III 
 ELIGIBILITY 
 An Employee who is an Eligible Executive at the time of his or her separation from
service with the Corporation shall become a Participant in the Plan and eligible for the benefits under the Plan if the Employee satisfies all of the following requirements (or those requirements which have not been expressly waived by the
Compensation Committee with respect to an Eligible Executive) at the time of his or her separation from service: 
  

	 	a)	the Eligible Executive’s separation from service occurs on or after the Eligible Executive attains age 55; 

  

	 	b)	the Eligible Executive’s separation from service occurs on or before February 15 of the year following the year in which the Eligible Executive attains age 65; and

  

	 	c)	the separation from service is for any reason other than 

  

	 	i)	involuntary termination for cause; or 

  

	 	ii)	to accept full time employment in a comparable position with another employer. 

 A separation from service with the Corporation that meets all the requirements of this Article III shall be considered Retirement from the Corporation except that separation from employment with the Corporation in order to accept employment
with any of its subsidiaries or affiliates shall not constitute Retirement under the terms of the Plan and shall not result in commencement of entitlement to any benefit. Any Employee who at the time of his or her separation from service does not
meet all the requirements of this Article III for Retirement shall not be eligible for benefits under this Plan. 
  

 3 

 ARTICLE IV 
 TERM AND AMOUNT OF BENEFITS 
 1. The Plan shall provide a benefit payable upon the death of a
Participant subsequent to Retirement in the amount of one hundred fifty percent (150%) of the Participant’s annualized base salary for the pay period immediate prior to his or her Retirement. The amount payable under this Plan shall be
reduced by the amount payable under a Predecessor Plan, to the extent the benefit under the Predecessor Plan has not been waived by the Participant. 
 2. The coverage provided under this Plan shall commence immediately on termination of employment for Retirement and continue during the lifetime of a Participant unless sooner terminated by reason of the circumstances
described in the succeeding subsection. 
 3. If, following the date on which a Participant becomes a Participant, the Board of Directors
reasonably finds that a Participant, without the prior written consent of the Board of Directors, is engaged in the operation or management of a business, whether as owner, controlling stockholder, partner, director, officer, employee, consultant,
or otherwise, which at such time is in competition with the Corporation or any of its subsidiaries or affiliates, or has disclosed to unauthorized persons information relative to the business of the Corporation or any of its subsidiaries or
affiliates which the Participant shall have had reason to believe is confidential, or shall be found by the Board of Directors to have committed an act during or after the term of the Participant’s employment which would have justified the
Participant being discharged for cause, all benefits to which such Participant shall otherwise be entitled under this Plan shall terminate. This section shall be uniformly applied to Participants similarly situated. 
  

 4 

 ARTICLE V 
 MANNER OF PAYMENT 
 1. A written designation of Beneficiary(ies) and contingent Beneficiary(ies) may
be made by the Participant in accordance with the procedures established by the Compensation Committee (or its delegates authorized in accordance with Article VIII 2). The Participant may change his or her designation from time to time by written
notice made by the Participant or, if applicable, his assignee in accordance with the Compensation Committee’s procedures. 
 2.
Benefits under the Plan shall be payable to the Beneficiary or Beneficiaries properly designated by the Participant in accordance with paragraph 1 of Article V. If, at the time of the Participant’s death, there is no properly designated
Beneficiary as to all or any part of the benefit, or if the designated beneficiary does not survive the Participant, the benefit will be paid at the option of the Compensation Committee to any of the following survivors of the Participant: wife,
husband, mother, father, child, or children; or to the executors or administrators of the Participant. 
 3. Payments to any named
Beneficiary or Beneficiaries pursuant to any applicable law to any survivor or survivors of the Participant or to the estate of a Participant, or pursuant to a Beneficiary designation or the terms of this Plan shall completely discharge all
liabilities of the Corporation with respect to the amounts so paid. 
 4. At the written request of the Participant or Beneficiary to the
Compensation Committee, Plan benefits may be paid in (a) lump sum, (b) annual installments over a fixed period of years not to exceed ten years, or (c) such other arrangements as may be agreed upon by the Participant or Beneficiary
and the Compensation Committee. The maximum number of annual installments that may be elected will be reduced as is necessary to insure that each annual installment will be at least $10,000. 
 5. Benefits under the Plan shall be paid by the Corporation from its general funds. This Plan constitutes a mere contractual promise by the Corporation
to make payments in the future, and each Participant’s (or Beneficiary’s) rights shall be those of a general, unsecured creditor of the Corporation. No Participant or Beneficiary shall have any beneficial interest in any specific assets
that the Corporation may hold or set aside in connection with this Plan. 
  

 5 

 ARTICLE VI 
 CHANGE OF CONTROL 
 1. Within 15 days of a change of control, in full satisfaction of all of its
obligations under this Plan, the Corporation shall pay to each Participant in the Plan, a lump sum payment equal to the benefit that would be payable with respect to the Participant upon his or death. Upon payment of these amounts, the Plan shall
terminate and no amount shall be payable to or on behalf of any Employee or Eligible Executive who, as of the date of the change of control, had not yet become a Participant by satisfying all the requirements of Article III. 
 2. For purposes of this Plan, a change in control shall include and be deemed to occur upon the following events: 
 (a) A tender offer or exchange offer is consummated for the ownership of securities of the Corporation representing 25% or more of the combined voting
power of the Corporation’s then outstanding voting securities entitled to vote in the election of directors of the Corporation. 
 (b)
The Corporation is merged, combined, consolidated, recapitalized or otherwise reorganized with one or more other entities that are not Subsidiaries and, as a result of the merger, combination, consolidation, recapitalization or other reorganization,
less than 75% of the outstanding voting securities of the surviving or resulting corporation shall immediately after the event be owned in the aggregate by the stockholders of the Corporation (directly or indirectly), determined on the basis of
record ownership as of the date of determination of holders entitled to vote on the action (or in the absence of a vote, the day immediately prior to the event). 
 (c) Any person (as this term is used in Sections 3(a)(9) and 13(d)(3) of the Securities Exchange Act of 1934, but excluding any person described in and satisfying the conditions of Rule 13d-1(b)(1) thereunder),
becomes the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of securities of the Corporation representing 25% or more of the combined voting power of the Corporation’s then
outstanding securities entitled to vote in the election of directors of the Corporation. 
  

 6 

 (d) At any time within any period of two years after a tender offer, merger, combination, consolidation,
recapitalization, or other reorganization or a contested election, or any combination of these events, the “Incumbent Directors” shall cease to constitute at least a majority of the authorized number of members of the Board. For purposes
hereof, “Incumbent Directors” shall mean the persons who were members of the Board immediately before the first of these events and the persons who were elected or nominated as their successors or pursuant to increases in the size of the
Board by a vote of at least three-fourths of the Board members who were then Board members (or successors or additional members so elected or nominated). 
 (e) The stockholders of the Corporation approve a plan of liquidation and dissolution or the sale or transfer of substantially all of the Corporation’s business and/or assets as an entirety to an entity that is
not a Subsidiary. 
 3. This Article VI shall apply only to a change in control of Lockheed Martin Corporation and shall not apply to any
transaction involving the Corporation’s sale, liquidation, merger, or other disposition of any subsidiary. 
 4. The Committee may
cancel or modify this Article VI at any time prior to a change in control. In the event of a change in control, this Article VI shall remain in force and effect, and shall not be subject to cancellation or modification until such time as all
payments have been made in accordance with paragraph 1 of Article VI. 
 ARTICLE VII 
 AMENDMENT AND TERMINATION 
 The
Management Development and Compensation Committee may from time to time recommend amendments of the Plan to the Board of Directors for their review and approval. The Board of Directors may terminate the Plan or amend the Plan in any respect and at
any time; provided however, that no amendment or termination shall have the effect of reducing the death benefit then being paid, or to be paid, on behalf of any Participant. Any Participant may, however, at the Participant’s election, by
written notice to the Compensation Committee terminate participation in the Plan. 
  

 7 

 ARTICLE VIII 
 ADMINISTRATION 
 1. This Plan shall be administered by the Management Development and Compensation
Committee or such other committee as may be designated by the Board. The Committee shall have full authority to interpret the Plan, and interpretations of the Plan by the Committee shall be final and binding on all parties. 
 2. The Committee may delegate to the officers or employees of the Corporation the authority to execute and deliver those instruments and documents, to do
all acts and things, and to take all other steps deemed necessary, advisable or convenient for the effective administration of this Plan in accordance with its terms and purpose 
 3. In making any determination or in taking or not taking any action under this Plan, the Committee may obtain and rely upon the advice of experts,
including professional advisors to the Corporation. No member of the Committee or officer of the Corporation who is a Participant thereunder may participate in any decision specifically relating to his or her individual rights or benefits under the
Plan. 
 4. Neither the Corporation nor any member of the Board or of the Committee, nor any other person participating in any determination
of any question under this Plan, or in the interpretation, administration or application thereof, shall have any liability to any party for any action taken or not taken in good faith under this Plan. 
 5. If a minor, person declared incompetent, or person incapable of handling the disposition of his or her property is entitled to receive a benefit, make
an application, or make an election thereunder, the Committee may direct that such benefits be paid to, or such application or election be made by, the guardian, legal representative, or person having the care and custody of such minor, incompetent,
or incapable person. Any payment made, application allowed, or election implemented in accordance with this section shall completely discharge the Corporation and the Committee from all liability with respect thereto. 
 6. The Committee may require proof of the death, disability, incompetence, minority, or incapacity of any Participant or Beneficiary and of the right of
a person to receive any benefit or make any application or election. 
  

 8 

 7. The procedures when a claim under this Plan is denied by the Committee are as follows: 
 (A) The Committee shall: 
 (i) notify the
claimant within a reasonable time of such denial, setting forth the specific reasons therefor; and 
 (ii) afford the claimant a reasonable
opportunity for a review of the decision. 
 (B) The notice of such denial shall set forth, in addition to the specific reasons for the
denial, the following: 
 (i) identification of pertinent provisions of this Plan; 
 (ii) such additional information as may be relevant to the denial of the claim; and 
 (iii) an explanation of the claims review procedure and advice that the claimant may request an opportunity to submit a statement of issues and comments.

 (C) Within sixty days following advice of denial of a claim, upon request made by the claimant, the Committee shall take appropriate steps
to review its decision in light of any further information or comments submitted by the claimant. The Committee may hold a hearing at which the claimant may present the basis of any claim for review. 
 (D) The Committee shall render a decision within a reasonable time (not to exceed 120 days) after the claimant’s request for review and shall advise
the claimant in writing of its decision, specifying the reasons and identifying the appropriate provisions of the Plan. 
 ARTICLE VIII

 GENERAL AND MISCELLANEOUS PROVISIONS 
 1. The maintenance of this Plan by the Corporation shall not in any way obligate the Corporation to continue the employment of an Employee or a Participant with the Corporation; nor does the Plan limit the right of
the Corporation at any time and for any reason to terminate an Employee’s employment. In no event shall this Plan by its terms or implications constitute an employment contract of any nature whatsoever between the Corporation and an Employee or
a Participant. 
  

 9 

 2. By becoming a Participant thereunder, each Eligible Executive (and his or her Beneficiary) shall be
deemed conclusively to have accepted and consented to all of the terms of this Plan and all actions or decisions made by the Corporation, the Board, or Committee with regard to the Plan. 
 3. The validity of this Plan or any of its provisions shall be construed, administered, and governed in all respects under and by the laws of the State
of Maryland, except as to matters of Federal law. If any provisions of this instrument shall be held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions hereof shall continue to be fully effective.

  

 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]