Document:

exv4w1

 

Exhibit 4.1

FORM OF STOCK CERTIFICATE

					
	 	 	 	 	 
	NUMBER
	 TARRAGON CORPORATION
	SHARES

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

			
	 	 	 
	COMMON STOCK
	 	SEE REVERSE FOR CERTAIN DEFINITIONS
	 	 	 
	 
	 	CUSIP 876294 109

THIS CERTIFIES THAT

is the owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, PAR VALUE $0.01 PER

SHARE OF

TARRAGON HOMES CORPORATION

Transferable on the books of the Corporation by the holder thereof in person or by [___]
upon surrender of this Certificate properly endorsed. This Certificate and the shares represented
hereby are issued and shall be [___] to the provisions of the Certificate of Incorporation,
as amended, of the Corporation (a copy of which is on file at the office of the Corporation)
[___] the holder of this Certificate by acceptance thereof asserts. This Certificate is not
valid unless countersigned and registered by the Transfer Agent and Registrar.

CERTIFICATE OF STOCK

     IN WITNESS WHEREOF, the said Corporation has caused this Certificate to be signed by its duly
authorized officers.

Dated:

	 	 	 	 	 
	 
	 	[TARRAGON HOMES CORPORATION	 	 
	 	 	 	 	 
	SECRETARY
	 	CORPORATE SEAL
	 	PRESIDENT AND CHIEF
	 
	 	2007
	 	EXECUTIVE OFFICER
	 	 	 	 	 
	 
	 	DELAWARE]	 	 

	 	 	 
	Countersigned and Registered:
	AMERICAN STOCK TRANSFER & TRUST COMPANY
	(New York, N.Y.)

	 	Transfer Agent
	 

	 	and Registrar

 

 

IMPORTANT NOTICE

 

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN OR DESTROYED, THE CORPORATION WILL REQUIRE A

BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

 

     The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full according to applicable
laws or regulations:

	 	 	 	 	 	 	 	 	 
	TEN COM — as tenants in common

	 	UNIF GIFT MIN ACT —
	 	 
	 	Custodian
	 	 
	 

	 	 	 	 
	 	 	 	 
	 

	 	 	 	(Cost)
	 	 	 	(Minor)
	 
	 	 	 	 	 	 	 	 
	TEN ENT — as tenants by the entireties	 	 	 	under Uniform Gifts ot Minors
	 	 	 	 	Act of	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	(State)

	 
	 	 	 	 	 	 	 	 
	JT TEN — as joint tenants with right
of survivorship and not as tenants
	 	 	 	 	 	 	 	 
	in
common
	 	 	 	 	 	 	 	 

Additional abbreviations may also be used though not in the above list.

	 	 	 	 	 
	For Value Received,

	 	 
	 	hereby sell, assign and transfer unto
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

	 
	 	 	 	 
	 
	 
	 
	 	 	 	 
	 
	 

	 	 	 	 	 
	PLEASE INSERT SOCIAL SECURITY OR OTHER
	 	 
	 	 
	IDENTIFYING NUMBER OF ASSIGNEE	 	 	 	 
	 	 	 	 	 
	 
 	 	 	 	 

	 	 	 
	 

	 	shares of Common Stock of the Corporation
	 	 	 
	represented by this Certificate, and do hereby irrevocably constitute and appoint

	 	 	 
	 

	 	, Attorney
	 	 	 
	to transfer the said shares of Common Stock on the books of the corporation, with full power of substitution in the premises.

	 	 	 
	Dated

	 	 
	 

	 	 

	 	 	 
	 

	 	 
	 

	 	 
	NOTICE:

	 	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME
AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY
PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATEVER.

Signature(s) Guaranteed:

	 	 	 
	 

	 	 
	 
	 

	 	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO
SEC RULE 17Ad-15.exv10w1

 

Exhibit 10.1

Listed Officer Compensation

Table 1 below sets forth the base salaries approved by the Compensation Committee (the
“Committee”) of the Board of Directors of Intel Corporation for 2007 for the company’s Chief
Executive Officer, Chief Financial Officer, and three other most highly compensated executive
officers in 2006 (“listed officers”) as disclosed in our definitive proxy statement filed on March
26, 2007 (“Proxy Statement”). The listed officers were determined in reference to the company’s
fiscal year ended December 30, 2006. Each of the listed officers’ employment with Intel is on an
at-will basis.

Table 1

	 	 	 	 	 
	Name and Position	 	Base Salary(1) ($)	 
	Craig R. Barrett 

	 	 	350,000	 
	Chairman of the Board

	 	 	 	 
	Paul S. Otellini

	 	 	770,000	 
	President and Chief Executive Officer

	 	 	 	 
	Andy D. Bryant

	 	 	455,000	 
	Executive Vice President

Chief Financial and Enterprise Services Officer

	 	 	 	 
	Sean M. Maloney

	 	 	390,000	 
	Executive Vice President

General Manager, Sales and Marketing Group, and

Chief Sales and Marketing Officer
	 	 	 	 
	Robert Baker

	 	 	305,000	 
	Senior Vice President and General Manager,

Technology and Manufacturing Group
	 	 	 	 

 

			
	(1)	 	Base salary is effective January 1, 2007.

If the 2007 Executive Officer Incentive Plan (“2007 EOIP”) is approved by stockholders at the
annual stockholders’ meeting scheduled for May 16, 2007, each of the listed officers will be
eligible to receive an annual bonus (“Incentive Cash Payment”) under the 2007 EOIP. Under the 2007
EOIP, each listed officer has an “Incentive Baseline Amount” determined annually by the Committee.
The annual Incentive Cash Payment for each individual is based on multiplying the plan multiplier
by each listed officer’s Incentive Baseline Amount and his individual performance adjustment. The
result of that multiplication is the maximum that the officer might receive as his Incentive Cash
Payment for the year. The Committee may reduce, but not increase, the result by applying
additional discretionary criteria.

Under the 2007 EOIP, the formula for determining the plan multiplier is based on three equally
weighted components:

	 	•	 	Intel’s current-year net income relative to the previous three years’ net income, plus
	 	•	 	the ratio of Intel’s annual net income growth (plus 1) to the annual net income growth of
two comparator groups (the S&P 100 and a group of technology peer companies) (plus 1), plus
	 	•	 	performance against operational goals as approved each year by the Committee.

The sum of the three components will determine the 2007 EOIP multiplier. Under the 2007 EOIP, the
Committee may apply subjective, discretionary criteria to determine the individual performance
adjustment
percentage. The Committee expects that the individual performance adjustment will range between 90%
and 110%, with most individuals receiving 100%. Pages 50 through 53 of the Proxy Statement
contain a

1

 

more detailed description of the 2007 EOIP, including a description of how each of these
components is determined, which is incorporated by reference herein.

On January 16, 2007, the Committee determined a separate Incentive Baseline Amount for each listed
officer and approved the operational goals and their respective success criteria for measuring the
operational performance component of the plan multiplier. If our stockholders do not approve the
2007 EOIP, we will not make any payments under this plan for the 2007 performance year, but will
instead use our broad-based incentive plan to determine incentive bonus payments to executive
officers, including the listed officers.

Each of the listed officers participates in a companywide, semiannual cash incentive plan that
calculates payouts based on Intel’s corporate profitability to link compensation to financial
performance. The payout is computed using two formulas, with the payout based on the formula
delivering the higher value. Payouts are communicated as a number of extra days of pay, with the
listed officers receiving the same number of extra days as other employees. Under this plan, the
listed officers and other eligible employees each receive 0.65 day of pay (calculated based on
eligible earnings for the six-month period, including one-half of Incentive Baseline Amounts) for
every two percentage points of corporate pretax margin (pretax profit as a percentage of revenue),
or a payment expressed as days of pay based on 4.5% of net income divided by the current value of a
worldwide day of pay (essentially, Intel’s daily payroll cost). We make these payments in the
first and third quarters of each year based on corporate performance for the preceding two
quarters. We will pay an additional two days of pay annually if Intel achieves annual customer
satisfaction goals.

The listed officers are also eligible to receive stock options, restricted stock, restricted
stock units, stock appreciation rights and performance based awards under the Intel Corporation
2006 Equity Incentive Plan should the Committee determine that it is appropriate to do so.
Beginning in 2006, the listed officers received a mix of restricted stock units and stock options.
The 2007 stock option and restricted stock unit awards to the listed officers have been disclosed
on individual Forms 4 filed with the U.S. Securities and Exchange Commission pursuant to Section

16(a) of the Securities Exchange Act of 1934, as amended. In addition, each of the listed officers
is eligible to receive company contributions to his accounts in the company’s tax-qualified and
non-qualified capital accumulation/retirement plans. Company contributions to these plans are
discretionary and may vary with the company’s financial performance, particularly revenue and
income. Since the amount of the company contribution to the tax-qualified plan is limited by U.S.
tax law, the excess, if any, is allocated to the individual’s account in the non-qualified plan.
The amount of the 2007 company contribution to these plans will be determined in early 2008 based
on the company’s performance for fiscal 2007. The listed officers may also participate in the
company’s tax-qualified employee stock purchase plan, which allows participants to acquire Intel
stock at a discount price.

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