Document:

Exhibit 10.Q

 

Exhibit 10(q)

SUPPLEMENTAL RETIREMENT PLAN

     1. Selection of Participants. This Plan is an unfunded non-qualified
arrangement for a select group of management and/or highly compensated
employees of C-COR Incorporated (hereinafter “Corporation”). Each employee
selected by Corporation for participation hereunder (hereinafter “Participant”)
shall indicate his or her agreement to the terms of this Plan by executing a
Participation Agreement to be provided by the Corporation.

     2. Definitions. Certain terms shall be defined hereunder as follows:

          (a) “Beneficiary” means a person, persons, trust or trusts which a
Participant shall, from time to time, designate in writing to receive any
benefits payable to him or her under this Plan in the event of his or her
death.

          (b) “Committee” means the Compensation Committee of the Board of Directors
of Corporation.

          (c) “Disability” shall have the same meaning as the term is defined in
Corporation’s Long Term Disability Plan.

          (d) “Effective Date of Plan” means April 20, 1993.

          (e) “Supplemental Retirement Benefit” means a benefit provided to a
Participant if he or she elects to participate under the Plan and remains in
Corporation’s employ

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

until attaining the age specified in Section 3 of the
Plan.

          (f) (1) “Participant” means a full-time employee working more than 2,000
hours per year.

          (g) (2) “Participant Status Requirement” means a participant who has been
a participant in the Plan for five years, hired directly in the Plan; or an
employee who has been a participant in the Plan for three years by being
promoted into the Plan and who has at least two additional years as an employee
of C-COR Incorporated.

          (h) “Participant Agreement” means the Agreement signed by Participant that
evidences his or her participation in the Plan. A blank Participation
Agreement is attached to this Plan and incorporated herein by this reference.

          (i) “Plan” means the Supplemental Retirement Plan of Corporation effective
April 20, 1993, and as it may be amended from time to time by the Corporation.

          (j) “Plan Administrator” means Corporation. Provided, however, that
Corporation shall only be designated as Plan Administrator and named Fiduciary
of the Plan for purposes of implementing the claims procedure contained in
Paragraph 14, and for no other purpose.

          (k) “Survivor Benefit” means a benefit provided to Participant’s
Beneficiary if Participant elects to participate in the Plan and dies prior to
commencement of the Supplemental Retirement Benefit while in the employ of
Corporation.

	 	 	 	 	 	 	 
	

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          (l) “Death Benefit” means a benefit provided to Participant’s Beneficiary
if Participant elects to participate in the Plan and dies after commencement of
the Supplemental Retirement Benefit.

          (m) “Year of Service” means a consecutive 12-month period during which an
employee completes at least 2,000 hours of service with the Corporation.

     3. Payments at Retirement.

          (a) Normal Retirement Date. If a Participant continues in employment with
Corporation until he or she attains age 65 and 10 years of Participant status,
then, upon retirement, the Participant shall be entitled to receive from the
Corporation a Supplemental Retirement Benefit in the amount specified in his or
her Participation Agreement, payable in equal monthly installments, for a
period of 15 years. Such payments shall begin on the first day of the month
following the Participant’s attainment of his or her Normal Retirement Date.

          (b) Early Retirement.

               (1) If a Participant’s employment with the Corporation terminates due to
Early Retirement or Disability prior to his or her attainment of Normal
Retirement Date but following his or her attainment of age 55 and ten (10)
years of participant status, such Participant may retire before his or her
Normal Retirement Date and receive early retirement benefits from the Plan.
The early retirement benefit shall be equal to the actuarial equivalent of the
Supplemental Retirement Benefit (as specified in the Participant’s Agreement)
commencing at the Normal Retirement Date. Such actuarial equivalent early
retirement benefit shall be equal to the

	 	 	 	 	 	 	 
	

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Supplemental Retirement Benefit
multiplied by the early retirement factor set forth in Appendix A.

               (2) If a Participant’s employment with the Corporation terminates due to
Early Retirement or Disability prior to his or her attainment of Normal
Retirement Date but following his or her attainment of age 60 and attainment of
participant status requirements, but less than ten (10) years of participant
status, such Participant may retire before his or her Normal Retirement Date
and receive early retirement benefits from the Plan. This early retirement
benefit shall be equal to the Early Retirement Benefit as calculated in Section
3.b.(1) and then multiplied by a benefit percentage factor for years of
participant status less than ten (10) years as set forth in Appendix B.

               (3) The Early Retirement or Disability Benefit to which the Participant is
entitled shall be paid in equal monthly installments for a period of 15 years.
Such payments shall begin on the first day of the month following the
Participant’s termination of employment. Provided, however, that no early
retirement or disability benefit shall be payable under this Section 3.b. if
the Participant has not satisfied the participant status requirement. For
calculating participant status, the Extended Salary Plan of the Corporation,
effective October 1, 1987, shall be a predecessor plan to this Plan.

          (c) Late Retirement. If a Participant remains employed after the
attainment of his or her Normal Retirement Date, such benefits shall not
commence until he or she actually retires. The amount of the Participant’s
late retirement benefit shall be equal to the actuarial equivalent of his or
her Supplemental Retirement Benefit that would have commenced at his or her
Normal Retirement Date. Such actuarial equivalent late retirement benefit
shall be equal to

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

the Supplemental Retirement Benefit multiplied by the late
retirement factors set forth in Appendix C and payable in equal monthly
installments for a period of 15 years.

          (d) Death Following Retirement. If a Participant should die after payment
of a Supplemental Retirement Benefit begins, but before receipt of the last of
such payments, the remaining balance of such payments shall be paid on their
due dates to the Participant’s beneficiary designated in the Participant’s
Agreement or, failing such designation, to the Participant’s estate. As stated
in Section 3.a., the total monthly payments of the Supplemental Retirement
Benefit (for pre and post death) shall not exceed fifteen (15) years.

     4. Other Termination of Employment or Participant Status Short of Required
Participant Status. If a Participant’s employment with the Corporation
terminates for any other reason (other than Death, Disability or Retirement),
or a Participant has not met the participant status requirements, then he or
she shall not be entitled to payment of a Supplemental Retirement Benefit under
the Plan.

     5. Survivor Benefits (Pre-Retirement Death of Participant).

          (1) If an eligible Participant should die while in the Corporation’s
employment, and the Participant has become eligible for either Early, Normal,
or Late Retirement, but before commencement of the Supplemental Retirement
Benefit, such eligible benefit shall become payable to the Participant’s
beneficiary or, failing such designation, to the Participant’s estate. Such
benefit shall be paid in equal monthly installments, for a period of 15 years.
Such payments shall begin on the first day of the month following the
Participant’s death.

	 	 	 	 	 	 	 
	

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          (2) If a Participant should die while in the Corporation’s employment, and
the Participant has not become eligible for either Early, Normal, or Late
Retirement, but has met the participant status requirements, the Participant’s
beneficiary or, failing such designation, the Participant’s estate, shall be
entitled to a survivor benefit. This survivor benefit shall be equal to the
actuarial equivalent of the Supplemental Retirement Benefit commencing at
Normal Retirement Date. Such actuarial equivalent survivor benefit shall be
equal to the Supplemental Retirement Benefit multiplied by the early retirement
factors set forth in Appendix A and payable in equal monthly installments for a
period of 15 years.

     6. Status of Investments. All investments made by Corporation under this
Plan will be deemed made solely for the purpose of aiding Corporation in
measuring and meeting its obligations under this Plan. Corporation shall be
the sole owner of all such investments and of all rights and privileges
conferred by the terms of the instruments evidencing such investments. Nothing
stated herein will cause such investments to be treated as anything but the
general assets of Corporation, nor will anything stated herein cause such
investments to represent the vested, secured or preferred interest of any
Participants or his or her Beneficiaries.

     7. General Creditor Status. A Participant shall have no claim with
respect to any particular asset of Corporation, but shall be and shall remain
at all times a general creditor of Corporation and, therefore, a Participant’s
rights under the Plan shall have no priority over the rights of any general
creditor of Corporation.

     8. No Assignment. Neither a Participant nor his or her personal
representative shall have any right to commute, sell, assign, transfer,
encumber or otherwise dispose of the right to receive payments hereunder which
payments and the right thereto are expressly declared to by

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

non-assignable and
non-transferable. Any attempted assignment or transfer by a Participant or his
or her personal representative shall be of no effect. Corporation shall have
the right to assign this Plan and to transfer its obligations hereunder.

     9. Revocation and Amendment. This Plan may be amended or terminated at
any time at the sole discretion of the Board of Directors of Corporation;
provided, however, that any such amendment or termination shall not affect the
rights of any Participant which may have accred under the Plan at the time of
amendment or termination.

     10. No Employment Guarantee. Nothing contained in this Plan shall be
construed as conferring upon any Participant the right to continue in
employment of Corporation.

     11. Authority of Committee. The Committee shall have the full power and
authority to interpret, construe and administer this Plan. The Committee’s
interpretations and construction hereof and actions hereunder shall be binding
and conclusive on all persons for all purposes. No member of the Committee
shall be liable to any person for any action taken or omitted in connection
with the interpretation or administration of this Plan unless attributable to
his or her own willful misconduct or lack of good faith.

     12. Liability of the Corporation. Nothing contained in the Plan or the
Participation Agreement shall constitute the creation of a trust or other
fiduciary relationship between Corporation and Participant or between
Corporation and Beneficiary or any other person. Corporation shall not be
considered a trustee by reason of the existence of this Plan or the
Participation Agreement.

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

     13. Funding; Assets. Corporation reserves the absolute right in its sole
and exclusive discretion either to fund the obligations of Corporation
undertaken by this Plan or to refrain from funding the same, and to determine
the extent, nature and method of such funding. Should Corporation elect to
fund this Plan, in whole or in part, through life insurance contracts,
Corporation shall be the owner and beneficiary of each such policy.
Corporation reserves the absolute right, in its sole discretion, to terminate
any such contract, as well as any other funding program, at any time, either in
whole or in part. Title to, and beneficial ownership of, any assets which
Corporation may earmark to pay the benefits hereunder shall at all times remain
in Corporation. Participant and Participant’s Beneficiary shall not have any
property interest whatsoever in any specific assets of Corporation. Nothing
set forth in this Plan shall cause such assets to be treated as anything but
the general assets of Corporation. If Corporation purchases life insurance
contracts on the life of the Participant, Participant agrees to sign any
applications that may be reasonably required for that purpose and to undergo
any medical examination or tests which may be reasonably necessary in such
regard.

     14. Claims Procedure. In the event that benefits under paragraph 3 or 5
of this Plan are not paid to the Participant or his or her Beneficiary, and
such person feels entitled to receive them, a claim shall be made in writing to
the Plan Administrator within 60 days from the date payments are not made.
Such claim shall be reviewed by the Plan Administrator. If the claim is
denied, in full or in part, the Plan Administrator shall provide a written
notice within 90 days setting forth the specific reasons for denial, specific
reference to the provisions of this Plan upon which the denial is based, and
any additional material or information necessary to perfect the claim, if any.
Also, such written notice shall indicate the steps to be taken if a review of
the denial is desired.

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

     If a claim is denied and a review is desired, the Participant shall notify
the Plan Administrator in writing within 60 days (and a claim shall be deemed
denied if the Plan Administrator does not take any action within the aforesaid
90 day period). In requesting review, the Participant may review this Plan or
any documents relating to it and submit any written issues and comments the
Participant may feel appropriate. In its sole discretion, the Plan
Administrator shall then review the claim and provide a written decision within
60 days. This decision likewise shall state the specific reasons for the
decision and shall include specific reference to specific provisions of this
Plan on which the decision is based.

     15. Governing Law. This Plan shall be governed by the laws of the
Commonwealth of Pennsylvania.

     16. Language. Whenever used in this Plan, the singular number shall
include the plural, the plural the singular and the use of any gender shall
include all genders.

     17. Effective Date. This Plan shall be effective beginning April 20,
1993.

	 	 	 
	

	C-COR Incorporated
	 
	 	 
	

	By:	 
	

	 	

	

	 	           Chairman & CEO

Approved by C-COR Incorporated Board of Directors on April 20, 1993.

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

APPENDIX A

	 	 	 	 	 
	NUMBER OF YEARS PRIOR TO 	 	 
	NORMAL RETIREMENT DATE	 	EARLY RETIREMENT FACTOR
	1
	 	 	0.9145	 
	2
	 	 	0.8372	 
	3
	 	 	0.7670	 
	4
	 	 	0.7034	 
	5
	 	 	0.6456	 
	6
	 	 	0.5932	 
	7
	 	 	0.5454	 
	8
	 	 	0.5020	 
	9
	 	 	0.4625	 
	10
	 	 	0.4264	 
	11
	 	 	0.3935	 
	12
	 	 	0.3635	 
	13
	 	 	0.3360	 
	14
	 	 	0.3108	 
	15
	 	 	0.2877	 
	16
	 	 	0.2665	 
	17
	 	 	0.2471	 
	18
	 	 	0.2292	 
	19
	 	 	0.2127	 
	20
	 	 	0.1976	 
	21
	 	 	0.1836	 
	22
	 	 	0.1707	 
	23
	 	 	0.1588	 
	24
	 	 	0.1479	 
	25
	 	 	0.1377	 
	26
	 	 	0.1283	 
	27
	 	 	0.1196	 
	28
	 	 	0.1116	 
	29
	 	 	0.1041	 
	30
	 	 	0.0972	 
	31
	 	 	0.0908	 
	32
	 	 	0.0848	 
	33
	 	 	0.0793	 
	34
	 	 	0.0741	 
	35
	 	 	0.0694	 

SOURCE: MODIFIED UP-84 MORTALITY TABLE AT 6.25%

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

APPENDIX B

	 	 	 	 	 
	NUMBER OF YEARS LESS	 	 	 	 
	THAN TEN YEARS OF	 	 	 	 
	PARTICIPANT STATUS	 	BENEFIT PERCENTAGE
	1
	 	 	90	%
	2
	 	 	80	%
	3
	 	 	70	%
	4
	 	 	60	%
	5
	 	 	50	%

SOURCE: BASED ON A STRAIGHT-LINE PERCENTAGE REDUCTION

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

APPENDIX C

	 	 	 	 	 
	NUMBER OF YEARS AFTER 	 	 
	NORMAL RETIREMENT DATE	 	LATE RETIREMENT FACTOR
	1
	 	 	1.0817	 
	2
	 	 	1.1714	 
	3
	 	 	1.2700	 
	4
	 	 	1.3787	 
	5 OR MORE
	 	 	1.4986	 

SOURCE: MODIFIED UP-84 MORTALITY TABLE AT 6.25%

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

SUPPLEMENTAL RETIREMENT PLAN PARTICIPATION AGREEMENT

     1. I, the undersigned Participant (“Participant”), hereby acknowledge
receipt of a copy of the Supplemental Retirement Plan of C-COR.net Corp.
(“Corporation”), effective April 20, 1993 (the “Plan”). By completion of this
Agreement, I agree to comply with the terms of the Plan in all respects. I
understand that all provisions of the Plan are hereby made a part of this
Agreement.

     2. In consideration of the foregoing and subject to the terms of the Plan,
Corporation promises to pay the Supplemental Retirement Benefit therein
described of $1,500 per month.

     3. Tax Advice. I agree I have been advised by Corporation to consult my
own tax advisors with respect to this Agreement and that neither Corporation
nor its representatives have made or make any representation or warranties as
to such consequences.

     4. Insurance Policies. I understand that Corporation may make application
to purchase a life insurance policy or policies on my life, which will be owned
by Corporation and under which it will be the sole beneficiary. I agree to
provide Corporation with such information as it may require in order to make
such application and to cooperate fully with Corporation in respect of such
application, including the taking of a physical examination if requested to do
so. In this connection, I represent that my date of birth is                    .
In the event the insurance company to which application is
made declines to issue the policy at standard premium rates, this Agreement
will be void unless Corporation decides otherwise. Similarly, if I should die

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

prior to the date on which payment of the Supplemental Retirement Benefit
commences and the proceeds of a policy on my life are not paid to Corporation
because the information I have furnished in connection with the application is
materially false or my death was caused by suicide within two (2) years of the
date on the policy on my life issues, Corporation will be under no obligation
to pay the Survivor Benefit herein provided.

     5. No Employment Commitment. Nothing in this Agreement shall be construed
to imply any commitment on the part of Corporation to continue me in its
employ.

     6. Beneficiary. I hereby designate the following person or persons as my
beneficiary or beneficiaries under this Agreement.

I reserve the right to change my beneficiary at any time and for any reason and
without notice to or the consent of the beneficiary or beneficiaries, by
delivering a writing to that effect to the office of the Secretary of
Corporation or its successor.

	 	 	 	 	 	 	 
	

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Plan Date 04-1993

 

 

     7. Additional Conditions:

     8. This Agreement shall be governed by the laws of the Commonwealth of
Pennsylvania.

	 	 	 	 
	

	 	

	Date

	 	Participant’s Signature
	 
	 	 	 
	

	 	

	

	 	Name (Print)
	 
	 	 	 
	

	 	C-COR Incorporated
	 
	 	 	 
	

	 	By:
	 
	 	 	

	

	 	Title:
	 
	 	 	

	 	 	 	 	 	 	 
	

	 	 	3	 	 	Rev 08-2004

Plan Date 04-1993Exhibit 10-R

 

Exhibit 10(r)

C-COR Incorporated

PROFIT INCENTIVE PLAN (PIP)

FISCAL YEAR 2005

1. Conceptual Basis of the Plan

The PIP plan is based upon the achievement of specific divisional and corporate
financial goals as established on an annual basis by the Board of Directors.
The plan allows eligible employees to share in the successes of the company,
while balancing the financial needs of the company to re-invest profits in
future operations. There are two main aspects of the measurement of
achievement of objectives:

1) Maximum payout (including fringes/taxes) will be 25% of cash flow from
operations* during the measurement period. If this results in a reduction of
payout, it will be pro-rated over eligible recipients.

2) Beginning at achievement of 90% or greater of divisional and/or corporate
financial goals, employees will be eligible to receive an incentive payment.
The divisional goals will be based on contribution income* and the corporate
goal will be operating profit*. The basic payment formula is as follows:

     Employee’s base wages X designated % = PIP Payment

* Financial measures will be according to GAAP accounting and will exclude
one-time expenses or revenue including but not limited to the sale/recovery of
Adelphia receivables. Final determination on inclusion or exclusion of
expenses or revenue in determining achievement of the financial goals will be
at the sole discretion of the Board of Directors upon presentation of the
relevant information by the officers of the Company.

2. Participant Eligibility

Full-time, active employees and part-time, active employees (working a minimum
of 20 hours per week/1040 hours per year) of C-COR, Broadband Management
Solutions, LLC, C-COR Electronics Canada, and individuals within subsidiary
groups who are specifically identified as key management/ technical leadership
are eligible for this program:

The following employees are not eligible:

	–	 	Employees on Sales/Marketing Commission or Incentive Plans
	 
	–	 	Employees who are provided a specifically identified, alternative incentive bonus
	 
	–	 	Temporary Agency Employees, Independent Contractors, Co-op and Intern (part-time) Employees, Employees
paid on a piece rate basis

New Hires within the Fiscal Year and / or Terminated Employees –

An employee is eligible for a PIP payment if they have worked at least one full
fiscal quarter during the measurement period (defined in section 4 below) and
are on the payroll at the end of the fiscal measurement period (defined in
section 4 below). Employees who are impacted by a reduction-in-force during
the measurement period are eligible for a pro-rated payment if they have worked
at least one full fiscal quarter during the measurement period and agree to
sign a general release agreement. The formula for calculating a PIP payment
takes into account the pro-rationing of the payment amount to reflect the
amount of time the individual was actively employed during the payment period.

 

 

Employees on Leave (Disability; Workers’ Compensation; FMLA; Military Leave) –

An employee must be a full-time or part-time active employee in order to be
eligible for a payment. The individual would be eligible for a payment on a
pro-rata basis for the period of time that he/she was a full-time or part-time
active employee between June 26, 2004 and June 24, 2005.

3. Frequency and Timing of Payments

Achievement of financial metrics versus established goals will be reviewed
based on two separate measurement periods during FY05. The first review will
take place after the completion of the 1st and 2nd quarters of FY05 and the
second at the completion of the 3rd and 4th quarters of FY05. Following the
audit (or review, in the case of interim financial statements) of the financial
statements, the Compensation Committee will review any applicable PIP
calculations for potential payment. All decisions made by the Compensation
Committee and/or the Board of Directors are final and binding (see
Administration section 8 of this document). Any payment approved will be
disbursed to all eligible employees as soon as practically possible following
Compensation Committee and/or Board of Directors approval.

4. Measurement Periods

	 	 	 
	Measurement Periods:

	 	June 26, 2004 to December 24, 2004
	 
	 	 
	

	 	December 25, 2004 to June 24, 2005

5. Financial Measures Weighting

1) Maximum payout (including fringes/taxes) will be 25% of cash flow from
operations* during the measurement period. If this results in a reduction of
payout, it will be pro-rated over eligible recipients.

2) Financial measures will be established for each division and for the
corporation.

Divisional Employees:

For each division, the financial measures will be a FY05 divisional
contribution income* goal as well as a FY05 operating profit * goal for
the corporation. The final goal achievement will be calculated as
follows:

     75% X Divisional Contribution Income Achievement %

 + 25% X Corporate Operating Income Achievement %

= Total Goal Achievement %

Corporate Employees:

A FY05 operating profit* goal will be established for the corporation.
The final goal achievement will be calculated as follows:

100% X Corporate Operating Profit* Achievement % = Total Goal
Achievement %

* Financial measures will be according to GAAP accounting and will exclude
one-time expenses or revenue including but not limited to the sale or recovery
of Adelphia receivables. Final determination on inclusion or exclusion of
expenses or revenue in determining achievement of the financial goals will be
at the sole discretion of the Board of Directors upon presentation of the
relevant information by the officers of the Company.

 

 

6. Calculation of PIP Payment for Employees

1) Maximum payout (including fringes/taxes) will be 25% of cash flow from
operations* during the measurement period. If this results in a reduction of
payout, it will be pro-rated over eligible recipients.

2) Payment calculations for divisional and/or corporate goals will be based on
Total Goal Achievement % with associated PIP payments as defined below:

	 	 	 
	Total Goal Achievement %
	 	PIP Payment

	Less than 90% of Plan

	 	0% payment
	 
	 	 
	Plan target at 100% achievement

	 	% of base wages earned during measurement period :
	of goal

	 	6% professional/non-exempt
	

	 	10% management
	

	 	20% large division VP
	 
	 	 
	90% to 99.9%

	 	10% multiplier at 90%; additional 10% for each 1%
	

	 	achievement beyond 90% to 99.99%
	

	 	Example:
	

	 	90% — 90.99% = 10% X 6% of wages
	

	 	91% — 91.99% = 20% X 6% of wages
	

	 	92% — 92.99% = 30% X 6% of wages
	 
	 	 
	101% to 120%

	 	Additional 1% multiplier at 101%; additional 1%
for each 1% above 101% through 120%
	

	 	Example:
	

	 	101% — 101.99% = 101% X 6% of wages
	

	 	102% — 102.99% = 102% X 6% of wages
	

	 	103% — 103.99% = 103% X 6% of wages...
	 
	 	 
	

	 	120% and above = 120% X 6% of wages

7. Definition of base wages

Base wages are defined as the total base wages of an employee at the end of
each measurement period, not including any special compensation such as the
reimbursement of moving expenses, one-time bonuses, or the exercise of stock
options. Base wages do not include overtime, however shift differential will be
included in the calculation of base wages when applicable.

 

 

8. Administration

The Compensation Committee of the Board of Directors oversees the Plan. The
Compensation Committee and/or its delegate(s) are responsible for
administration of the plan.

Subject to the provisions of the Plan, the Compensation Committee and/or its
delegate(s) shall have the sole authority and discretion:

	i)	 	to construe and interpret the Plan;
	 
	ii)	 	to determine and approve the amount of payments to be made
within the Plan guidelines and to refer any exceptions or items
requiring further review to the Board of Directors for approval;
	 
	iii)	 	to determine and approve the status and rights of any
participant or beneficiary to payments under the Plan;
	 
	iv)	 	to decide all questions concerning the Plan and to make all
other determinations and to take all other steps necessary or
advisable for the administration of the Plan.

All decisions made by the Compensation Committee and/or its delegate(s) or the
Board of Directors pursuant to the provisions of the Plan shall be final,
conclusive, and binding upon all parties. The Compensation Committee has
complete discretion in administering and interpreting the PIP Plan and in
granting or denying any payments described within the plan regardless of the
financial calculations presented.

9. Right to Withhold Taxes

The Company shall have the right to withhold such amounts from any payment
under this Plan as it determines necessary to fulfill any federal, state, or
local wage or compensation withholding requirements.

10. Non-Transferability of Rights

A participant’s rights and interests under the Plan may not be assigned or
transferred in whole or in part either directly or by operation of law or
otherwise (except in an event of the participant’s death), including, but not
limited to, by way of execution, levy, garnishment, attachment, pledge,
bankruptcy or in any other manner, and no such rights or interests of any
participant under the Plan shall be subject to any obligation or liability of
such participant other than any obligations or liabilities owed by the
Participant to the Company.

 

 

11. No Right to Continued Employment

Neither the Plan, nor any compensation payable under the Plan, shall confer
upon any participant any right to continuance of employment by the Company or
any affiliate of the Company nor shall they interfere in any way with the right
of the Company or any affiliate of the Company to terminate any participant’s
employment at any time.

12. No Claim Against Assets

Nothing in this Plan shall be construed as giving any participant or his or her
legal representative, or designated beneficiary, any claim against any specific
assets of the Company or any affiliate or as imposing any trustee relationship
upon the Company or any affiliate in respect of the participant.

The Company shall not be required to segregate any assets in order to provide
for the satisfaction of the obligations hereunder. If and to the extent that
the participant or his or her legal representative or designated beneficiary
acquires a right to receive any payment pursuant to this Plan, such right shall
be no greater than the right of an unsecured general creditor of the Company or
any affiliate.

13. Company’s Books and Records Conclusive

The Company’s books and records, and internal accounting procedures, will be
conclusive for all purposes under the Plan.

14. Amendment or Termination

The Company may at any time, terminate or modify or amend the Plan in any
respect, at any time prior to payment for the fiscal year. The Compensation
Committee may consider all applicable fiscal conditions at the time of payment
in making its final determinations of payment or non-payment of PIP funds.

15. No Other Agreements or Understandings

Except as expressly provided herein, this Plan represents the sole agreement
between the Company and participants concerning its subject matter and it
supersedes all prior agreements, arrangements, understandings, warranties,
representations, and statements between the parties concerning its subject
matter.

16. Governing Law

The Plan and all actions taken pursuant thereto shall be governed by, and
construed in accordance with, the laws of the State of Pennsylvania applied
without regard to conflict of law principles.

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