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Exhibit 10.14

ALLIANT ENERGY CORPORATION
INTERSTATE POWER AND LIGHT COMPANY
WISCONSIN POWER AND LIGHT COMPANY

Summary of Compensation and Benefits for
Non-Employee Directors
Effective January 1, 2021

Effective January 1, 2021, the aggregate compensation for non-employee members of the Board of Directors (the “Board”) of Alliant Energy Corporation, Interstate Power and Light Company and Wisconsin Power and Light Company will be as follows:
Non-employee members of the Board will be entitled to receive the following annual retainers as applicable:
•$245,000 for each non-employee director;
•$30,000 for the Lead Independent Director of the Board;
•$20,000 for the Chairperson of the Audit Committee of the Board;
•$5,000 for each member of the Audit Committee of the Board other than the Chairperson;
•$15,000 for the Chairperson of each the Nominating and Governance Committee, the Compensation and Personnel Committee and the Operations Committee of the Board.

Payments of all retainers shall be in cash and shall be paid quarterly in advance.

Each director may, and is encouraged to, voluntarily elect an amount of any of the cash compensation retainers to purchase common stock of Alliant Energy Corporation under the Shareowner Direct Plan or to have an amount be deferred in the Alliant Energy Deferred Compensation Plan Stock Account.

Alliant Energy Corporation maintains a Director’s Charitable Award Program for directors who were elected or appointed to the Board on or prior to January 1, 2005.  Under the Program, when a director dies, Alliant Energy Corporation will donate a total of $500,000 to one qualified charitable organization or divide that amount among a maximum of five qualified charitable organizations selected by the individual director.  All deductions for charitable contributions are taken by Alliant Energy Corporation, and the donations are funded by Alliant Energy Corporation through life insurance policies on the directors.

Directors are eligible to participate in the Alliant Energy Foundation, Inc. (the “Foundation”) matching gift program, which is generally available to all employees and retirees.  Under this program, the Foundation matches 100% of charitable donations over $50 to eligible charities up to a maximum of $3,500 per year for each director.

Directors are reimbursed for travel and other necessary expenses incurred in the performance of their responsibilities as members of the Board of Directors.ex_225369.htm

 

Exhibit 10.20

 

AMENDMENT NO. 8 TO MASTER AGREEMENT TO LEASE

 

This Amendment No. 8 (hereinafter "Amendment No. 8" or “8th Amendment”) is made to that certain Master Agreement to Lease between National Health Investors, Inc. ("Landlord" or “NHI”) and National HealthCare Corporation (f/k/a National HealthCare L.P.) ("Tenant" or “NHC”) dated October 17, 1991, as amended, ("Master Lease"), and is entered into the 30th day of October, 2020.

 

Background

 

Pursuant to the terms of the Master Lease, NHC has leased certain licensed nursing centers, assisted living or retirement facilities (hereinafter “Leased Properties” or “Leased Property”) as identified on Exhibit “A” to said Master Lease; and

 

WHEREAS, Exhibit “A” to the Master Lease included property identified as NHC of Maryland Heights, P.O. Box 2244, 2900 Fee Fee Rd., Maryland Heights, MO 63043 (the “Maryland Heights Property”); and

 

WHEREAS, NHC, by and through its affiliate, Maryland Heights Properties, LLC, has purchased or will purchase 2.47 acres of the Maryland Heights Property, the same being described on Exhibit “A” attached hereto and in Plat Book 368, page 441, in the Office of the Recorder of Deeds for St. Louis County, MO (the “Purchased Property”); and

 

WHEREAS, Landlord and Tenant wish to amend the Master Lease for the sole purpose of excluding the Purchased Property from the Master Lease.

 

Amendments

 

NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES, the Parties do hereby amend the Master Lease as follows:

 

1.             Modification of “Leased Property”.      As of the date the sale of the Purchased Property closes, the phrase “Leased Property,” as found and used in the Master Lease, shall no longer include the Purchased Property.

 

2.             Partial Release of Right of First Refusal and Option to Purchase.   Any right of first refusal and/or option to purchase in the Master Lease shall be and hereby is deleted solely as to the Purchased Property. Any right of first refusal and/or option to purchase as to any of the remaining Leased Properties, or portions thereof, or any other property leased by Tenant from Landlord shall remain in full force and effect and unchanged.

 

3.             Release of Non-Compete.   Any non-compete covenant in the Master Lease shall be and hereby is void as to is application to the Purchased Property, the Maryland Heights Property and any improvements existing or to be made thereon.

 

4.             Remainder of Master Lease Unchanged.   Any provision(s) of the Master Lease not modified or amended by this Amendment No. 8 shall remain in full force and effect.

 

 

THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.

SIGNATURE PAGE FOLLOWS.

 

 

 

 

SIGNATURE PAGE TO AMENDMENT NO. 8 TO

MASTER AGREEMENT TO LEASE

 

 

	 	
			TENANT:

			
	 	 
	 	
			NATIONAL HEALTHCARE CORPORATION, a Delaware corporation

			
	 	 
	 	
			By:

				
			/s/ Stephen F. Flatt

			
	 	
			Title:

				
			Stephen F. Flatt, Chief Executive Officer

			
	 	
			Date:

				
			10/29/2020

			
	 	 	 
	 	
			 

				 
	 	 	 
	 	
			LANDLORD:

			
	 	 
	 	
			NATIONAL HEALTH INVESTORS, INC., a Maryland corporation

			
	 	 
	 	
			By:

				
			/s/ Kristi Gaines

			
	 	
			Title:

				
			Kristi Gaines, Chief Credit Officer

			
	 	
			Date:

				
			10/30/2020

			

 

2

 

 

Exhibit A to 8th Amendment to Master Lease

 

LEGAL DESCRIPTION 

 

LOT 2 OF “NHI/NHC MARYLAND HEIGHTS 2 LOT SUBDIVISION” ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 368, PAGE 441 OF THE ST. LOUIS COUNTY, MISSOURI, RECORDS.

 

ALSO BEING DESCRIBED AS:

 

A TRACT OF LAND BEING PART OF LOT 2 OF THE PARTITION OF BENJAMIN W. HAWKINS ESTATE, IN SECTION 14, TOWNSHIP 46 NORTH, RANGE 5 EAST OF THE 5TH P.M., ST. LOUIS COUNTY, MISSOURI, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS;

 

COMMENCING AT THE N.W. CORNER OF LOT 7 OF AYRSHIRE SUBDIVISION, AS RECORDED IN PLAT BOOK 13, PAGE 31 OF THE ST. LOUIS COUNTY RECORDS, THENCE NORTH 59 DEGREES 19 MINUTES 22 SECONDS WEST ALONG THE SOUTH RIGHT OF WAY LINE OF AYRSHIRE AVENUE (50 FEET WIDE), A DISTANCE OF 69.55 FEET TO THE POINT OF BEGINNING OF THE TRACT OF LAND HEREIN DESCRIBED; THENCE LEAVING SAID SOUTH RIGHT OF WAY LINE, SOUTH 02 DEGREES 50 MINUTES 28 SECONDS EAST, 27.62 FEET TO A POINT; THENCE SOUTH 20 DEGREES 04 MINUTES 06 SECONDS WEST, 68.36 FEET TO A POINT; THENCE SOUTH 37 DEGREES 00 MINUTES 22 SECONDS WEST, 199.65 FEET TO A POINT; THENCE NORTH 55 DEGREES 04 MINUTES 19 SECONDS WEST, 119.96 FEET TO A POINT; THENCE NORTH 61 DEGREES 29 MINUTES 14 SECONDS WEST, 75.09 FEET TO A POINT; THENCE NORTH 55 DEGREES 42 MINUTES 37 SECONDS WEST, 41.57 FEET TO A POINT; THENCE NORTH 77 DEGREES 36 MINUTES 49 SECONDS WEST, 87.16 FEET TO A POINT; THENCE NORTH 53 DEGREES 43 MINUTES 10 SECONDS WEST, 57.85 FEET TO A POINT; THENCE NORTH 36 DEGREES 16 MINUTES 50 SECONDS EAST, 303.13 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF AYRSHIRE AVENUE (50 FEET WIDE); THENCE ALONG SAID SOUTH RIGHT OF WAY LINE, SOUTH 59 DEGREES 19 MINUTES 22 SECONDS EAST, 341.06 FEET TO THE POINT OF BEGINNING.

 

THE ABOVE DESCRIBED TRACT OF LAND CONTAINS 107,417 SQUARE FEET OR 2.47 ACRES MORE OR LESS.

 

3Document

Exhibit 4.4

DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934

Veoneer, Inc. (“Veoneer”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, par value 1.00 per share (the “common stock”). As of February 12, 2021, 111,637,658 shares of our common stock were issued and outstanding.

The following description of our Common Stock is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) and our Amended and Restated Bylaws (the “Bylaws”), each of which are incorporated by reference as an exhibit to our Annual Report on Form 10-K of which this Exhibit 4.1 is a part. We encourage you to read our Certificate of Incorporation, our Bylaws and the applicable provisions of Delaware General Corporation Law (“DGCL”), for additional information.

DESCRIPTION OF COMMON STOCK

Authorized Capital Stock

Our authorized capital stock consists of 325,000,000 shares of common stock, par value $1.00 per share, and 25,000,000 shares of preferred stock, par value $1.00 per share. The outstanding shares of our common stock are fully paid and nonassessable.

Common Stock

Our common stock is listed on the New York Stock Exchange under the symbol “VNE.” Computershare Trust Company, N.A. is the transfer agent and registrar for our common stock.

Each share of our common stock entitles the holder to one vote on all matters submitted to a vote of our stockholders, including the election of directors. The holders of our common stock will not have cumulative voting rights in the election of directors. In addition, the holders of shares of our common stock will be entitled to participate in dividends ratably on a per share basis when our board of directors declares dividends on our common stock out of legally available funds. Any time limit after which entitlement to dividend lapses, and the person in whose favor any such lapse operates, will be determined based on the law applicable to the holder of such securities. There are no restrictions on the right to dividends for stockholders domiciled outside the U.S., subject to the withholding tax, if any, levied in the U.S. In the event of our liquidation, dissolution or winding up, voluntarily or involuntarily, holders of our common stock will have the right to a ratable portion of the assets remaining after satisfaction in full of the prior rights of our creditors and of all liabilities. No shares of our common stock will have any preemptive, redemption or conversion rights, or the benefits of any sinking fund. The rights, preferences and privileges of holders of our common stock will be subject to those of the holders of any shares of our preferred stock which we may authorize and issue in the future. The Bylaws and Certificate of Incorporation, which govern the rights of our stockholders, may be amended in accordance with the procedures set forth therein and in accordance with the DGCL. Amendments to certain provisions require a supermajority vote of stockholders. The common stock is not subject to a mandatory offering, redemption rights or sell-out obligation. 

No Preemptive, Redemption or Conversion Rights

No shares of our common stock will have any preemptive, redemption or conversion rights, or the benefits of any sinking fund.

Voting Rights

Each share of our common stock entitles the holder to one vote on all matters submitted to a vote of our stockholders, including the election of directors. The holders of our common stock do not have cumulative voting rights in the election of directors.

Board of Directors

Our Certificate of Incorporation provides that our board of directors will be divided into three classes. Each class shall consist of as close to one-third of the entire board of directors as possible. Each director shall be elected to serve a term of three years, with each director’s term to expire at the annual meeting held three years after the director’s election. Subject to the rights of the holders of any series of Preferred Stock to elect additional directors under specified circumstances, the number of directors shall be fixed from time to time exclusively by the Board of Directors pursuant to a resolution adopted by a majority of the number of directors which the Corporation would have if there were no vacancies.

If a director nominee in an uncontested election fails to receive the approval of a majority of the votes cast on his or her election by the stockholders, the nominee shall promptly offer his or her resignation to the board of directors for consideration in accordance with the procedure set forth in our Corporate Governance Guidelines.

Removal of Directors; Vacancies

The Certificate of Incorporation provides that any director may be removed only for cause and only by the affirmative vote of at least 75% of the voting power of all the then-outstanding shares of voting stock, voting together as a single class. In addition, the Certificate of Incorporation and Bylaws also provide that any vacancies or newly created seats on our board of directors will be filled only by the affirmative vote of a majority of the remaining directors, although less than a quorum, and not stockholders.
 
No Cumulative Voting

The DGCL provides that stockholders are not entitled to the right to cumulate votes in the election of directors unless our Certificate of Incorporation provides otherwise. The Certificate of Incorporation does not provide for cumulative voting.

No Action by Stockholder Written Consent; Calling of Special Meetings of Stockholders

Our Certificate of Incorporation and Bylaws prohibit stockholder action by written consent. They also provide that special meetings of our stockholders may be called only by our board of directors pursuant to a resolution adopted by a majority of our board of directors.

Advance Notice Requirements for Director Nominations and Stockholder Proposals

Our Bylaws provide that stockholders seeking to nominate candidates for election as directors or to bring business before an annual meeting of stockholders must provide timely notice of their proposal in writing to the corporate secretary in order for the matter to be properly brought before a meeting. The stockholder will also have to provide certain information and representations as specified in our Bylaws about the stockholder, its affiliates and any proposed business or nominee. These provisions may impede stockholders’ ability to bring matters before an annual meeting of stockholders or to make nominations for directors at an annual meeting of stockholders.

Supermajority Provisions

The DGCL provides generally that the affirmative vote of a majority of the outstanding shares entitled to vote is required to amend a corporation’s Certificate of Incorporation or Bylaws, unless the Certificate of Incorporation requires a greater percentage. The Certificate of Incorporation provides that the following provisions may be amended only by a vote of at least 80% of the voting power of all of the outstanding shares of our stock entitled to vote:
 
•The removal of directors;

•Filling vacant seats on the board of directors;

•The prohibition on stockholder action by written consent;

•The exclusive forum;

•The ability to call a special meeting of stockholders being vested solely in our board of directors;

•The ability of the board of directors to make, alter, amend or repeal our Bylaws, and

•The amendment provisions requiring that the above provisions be amended only with an 80% super-majority vote.

Dividend Rights

The holders of shares of our common stock will be entitled to participate in dividends ratably on a per share basis when our board of directors declares dividends on our common stock out of legally available funds. Any time limit after which entitlement to dividend lapses, and the person in whose favor any such lapse operates, will be determined based on the law applicable to the holder of such securities. There are no restrictions on the right to dividends for stockholders domiciled outside the U.S., subject to the withholding tax, if any, levied in the U.S. In the event of our liquidation, dissolution or winding up, voluntarily or involuntarily, holders of our common stock will have the right to a ratable portion of the assets remaining after satisfaction in full of the prior rights of our creditors and of all liabilities.

Anti-Takeover Effects of Certain Provisions of Delaware Law and Our Certificate of Incorporation and Bylaws
 
The Delaware General Corporation Law

We are a Delaware corporation that is subject to Section 203 of the DGCL. Section 203 provides that, subject to certain exceptions, a publicly held Delaware corporation may not engage in any “business combination” with any “interested stockholder” for a three-year period following the time that such stockholder became an interested stockholder, unless:

•the corporation has elected in its Certificate of Incorporation not to be governed by Section 203 (which we have not done);

•prior to that time, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

•upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding specified shares; or

•at or subsequent to that time, the business combination is approved by the board of directors of the corporation and by the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

The three-year prohibition also does not apply to business combinations proposed by an interested stockholder following the announcement or notification of extraordinary transactions involving the corporation and a person who had not been an interested stockholder during the previous three years or who became an interested stockholder with the approval of a majority of the corporation’s directors.

The term “business combination” is defined generally to include mergers or consolidations resulting in a financial benefit to the interested stockholder. The term “interested stockholder” is defined to include any person, other than the corporation and any direct or indirect majority-owned subsidiary of the corporation, who, together with affiliates and associates, owns (or owned within three years prior to the determination of interested stockholder status) 15% or more of the outstanding voting stock of the corporation.

Section 203 makes it more difficult for a person who would be an interested stockholder to effect various business combinations with a corporation for a three-year period. The provisions of Section 203 may encourage companies interested in acquiring the Company to negotiate in advance with our board of directors, because the stockholder approval requirement would be avoided if our board of directors approves either the business combination or the transaction which results in the stockholder becoming an interested stockholder. These provisions also may have the effect of preventing changes in our board of directors and may make it more difficult to accomplish transactions which stockholders may otherwise deem to be in their best interests.

Liquidation, Dissolution or Similar Rights

In the event of our liquidation, dissolution or winding up, voluntarily or involuntarily, holders of our common stock will have the right to a ratable portion of the assets remaining after satisfaction in full of the prior rights of our creditors and of all liabilities. All shares of our common stock are fully paid and non-assessable.

Authorized but Unissued Capital Stock

The DGCL does not require stockholder approval for any issuance of authorized shares. However, the listing requirements of the NYSE, which would apply so long as our common stock is listed on the NYSE, require stockholder approval of certain issuances equal to or exceeding 20% of the then-outstanding voting power or the then-outstanding number of shares of our common stock. Such approval is not required, however, for any public offering for cash; any bona fide private financing, if the financing involves a sale of common stock, for cash, at a price at least as great as each of the book and market value of our common stock; and securities convertible into or exercisable for common stock, for cash, if the conversion or exercise price is at least as great as each of the book and market value of our common stock. These additional shares may be used for a variety of corporate purposes, including future public offerings, to raise additional capital or to facilitate acquisitions.

One of the effects of the existence of unissued and unreserved common stock or preferred stock may be to enable our board of directors to issue shares to persons friendly to current management, which issuance could render more difficult or discourage an attempt to obtain control of the Company by means of a merger, tender offer, proxy contest or otherwise, and thereby protect the continuity of our management and possibly deprive our stockholders of opportunities to sell their shares of common stock or preferred stock at prices higher than prevailing market prices.

Dissenters’ Rights of Appraisal and Payment

Under the DGCL, with certain exceptions, our stockholders have appraisal rights in connection with a merger or consolidation of the Company. Pursuant to the DGCL, stockholders who properly request and perfect appraisal rights in connection with such merger or consolidation will have the right to receive payment of the fair value of their shares as determined by the Delaware Court of Chancery.
 
Stockholders’ Derivative Actions

Under the DGCL, any of our stockholders may bring an action in our name to procure a judgment in our favor, also known as a derivative action, provided that the stockholder bringing the action is a holder of our shares at the time of the transaction to which the action relates or such stockholder’s stock thereafter devolved by operation of law. The Certificate of Incorporation provides that, unless we consent to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for any derivative action or proceeding brought on our behalf, any action asserting a claim of breach of fiduciary duty owed by any of our stockholders, directors, officers, or other employees to us or to our stockholders, any action asserting a claim arising pursuant to the DGCL, or any action asserting a claim governed by the internal affairs doctrine. Although we believe these provisions benefit us by providing increased consistency in the application of Delaware law for the specified types of actions and proceedings, the provisions may have the effect of discouraging lawsuits against our directors, officers, employees and agents.

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