Document:

exv10w3

EXHIBIT 10.3

Amendment
of Employee Performance Bonus Plan

     NOW THEREFORE, BE IT RESOLVED, that, effective as of the Effective Time, Section 5 of the
Performance Bonus Plan is amended to adopt a new Section 5(e) to read as follows:

“(e) Determination in Connection With a Change in Control - Notwithstanding any provision of
this Plan to the contrary, if a Participant is employed by the Company on the date of a
Change in Control (as hereinafter defined) that was previously approved by the Incumbent
Board (whether or not such Participant is employed on the date 2011 bonuses under the
Performance Bonus Plan are approved (the “Bonus Approval Date”), unless such Participant
resigns prior to the applicable Bonus Approval Date), then notwithstanding the fact that
such Participant is terminated by the Company (including any successor to the Company or
such successor’s subsidiaries or affiliates) prior to the applicable Bonus Approval Date,
other than a termination for Cause (as hereinafter defined), such Participant will receive a
lump-sum cash payment equal to the Target Bonus for such Participant, within 30 days
following the applicable Bonus Approval Date. For purposes of this Section 5(e), “Cause”
means any of the following, as determined in the sole discretion of the Committee: (i) clear
evidence of a significant violation of the Company’s code of business conduct; (ii) a fraud
committed against the Company; (iii) the misappropriation, embezzlement or reckless or
willful destruction of Company property; (iv) the willful failure to perform, or gross
negligence in the performance of, duties; (v) the conviction (treating a nolo contendere
plea as a conviction) of a felony (whether or not any right to appeal has been or may be
exercised); (vi) the knowing falsification of any records or documents of the Company; (vii)
a significant breach of any statutory or common law duty of loyalty to the Company; (viii)
intentional and improper conduct significantly prejudicial to the business of the Company,
or (ix) the violation of Company rules and policies that, based on a single occurrence,
would not meet the significance thresholds of (i), (vii) or (viii) above, but that shall,
for purposes of such significance thresholds, be deemed to constitute a violation thereof in
the event any such violation occurs more than once. For purposes of this Section 5(e),
“Change in Control” means any of the following events: (1) the acquisition in one or more
transactions by any person or group (as such terms are defined in Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended (the “1934 Act”)), of “Beneficial Ownership”
(within the meaning of Rule 13d-3 under 1934 Act) of 50% or more of the combined voting
power of the Company’s then-outstanding voting securities; or (2) the individuals who are
members of the Incumbent Board (as defined below), cease for any reason to constitute at
least two-thirds of the Board. The “Incumbent Board” consists of the individuals who as of
January 23, 1997, are members of the Board and any individual becoming a director subsequent
to January 23, 1997, whose election, or nomination for election by the Company’s
shareholders, was approved by a vote of at least two-thirds of the directors then composing
the Incumbent Board; provided, however, that any individual who is not a member of the
Incumbent Board at the time he or she becomes a member of the Board shall become a member of
the Incumbent Board upon the completion of two full years as a member of the Board, except
that no individual shall be considered a member of the Incumbent Board if such

 

 

individual initially assumed office (i) as a result of either an actual or threatened
“election contest” (within the meaning of Rule 14a-11 under the 1934 Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a person other than the
Board (a “Proxy Contest”), or (ii) with the approval of the other Board members, but by
reason of any agreement intended to avoid or settle a Proxy Contest; or (3) approval by
shareholders of the Company of (i) a merger or consolidation involving the Company if such
shareholders do not, immediately following such merger or consolidation, own, directly or
indirectly, more than 50% of the combined voting power of the outstanding voting securities
of the corporation resulting from such merger or consolidation in substantially the same
proportion as their ownership of the Company’s voting securities immediately before such
merger or consolidation, or (ii) a complete liquidation or dissolution of the Company or an
agreement for the sale or other disposition of all or substantially all of the assets of the
Company.”exv10w4

EXHIBIT 10.4

Amendments
to
the 1997 Stock Incentive Plan, 2000 Stock Incentive Plan and 2007
Stock Incentive Plan

     NOW THEREFORE, BE IT RESOLVED, that Section 5.2(b) of the 1997 Plan is amended to read as
follows:

“(b) If (1) a tender offer to purchase for cash all the outstanding shares of common stock
of the Company shall be commenced, (2) the Company shall be a party to any reorganization in
which it does not survive, including a merger, consolidation, or acquisition of the stock or
substantially all the assets of the Company, or (3) the Company shall be party to any
reorganization in which it does survive, including a merger, consolidation or acquisition of
the stock or substantially all the assets, but in which the outstanding shares of the
Company are converted into cash as a result of the transaction (in the case of clause (1),
(2) or (3), the “Transaction”), the Board, in its sole discretion, may:

(i) notwithstanding any other provisions hereof, declare that all Options granted
under the Plan shall become exercisable immediately notwithstanding the provisions
of the respective Option Agreements regarding exercisability, that all such Options
shall terminate a specified period of time after the Committee gives written notice
of the immediate right to exercise such Options and of the decision to terminate all
Options not exercised within such period, and that all then-remaining restrictions
pertaining to Awards under the Plan shall immediately lapse; or

(ii) notify all Grantees that all Options or Awards granted under the Plan shall be
assumed by the successor corporation or substituted on an equitable basis with
options or restricted stock issued by such successor corporation; or

(iii) declare that all Options granted under the Plan that are outstanding as of the
date of such declaration, shall, upon the commencement of a tender offer to purchase
for cash all the outstanding shares of common stock of the Company (the “Offer”)
(provided that the time of the acceptance for payment of such shares pursuant to the
Offer (the “Acceptance Time”) occurs), (1) in accordance with the terms of the award
agreements relating thereto, (x) become 100% vested and (y) be exercisable at any
time prior to the Acceptance Time (such period, the “Option Exercise Period”), and
(2) to the extent not exercised within the Option Exercise Period, at the effective
time of the Transaction (the “Effective Time”), be terminated and converted into the
right to receive a cash payment equal to the product of (A) the number of shares of
Stock subject to such Option, multiplied by (B) the value of the consideration being
paid for each share of Stock in connection with the Transaction minus the per share
exercise price of such Option; provided that if the per share exercise price of an
Option exceeds the value of the consideration being paid for each share of Stock,
then such “out-of-the-money” Option shall be cancelled without payment of any
consideration with respect thereto. For purposes hereof, all determinations of
value by the Board shall conclusively be deemed valid.”

 

 

     FURTHER RESOLVED, that Section 5.2(b) of the 2000 Plan is amended to read as follows:

“(b) If (1) a tender offer to purchase for cash all the outstanding shares of common stock
of the Company shall be commenced, (2) the Company shall be a party to any reorganization in
which it does not survive, including a merger, consolidation, or acquisition of the stock or
substantially all the assets of the Company, or (3) the Company shall be party to any
reorganization in which it does survive, including a merger, consolidation or acquisition of
the stock or substantially all the assets, but in which the outstanding shares of the
Company are converted into cash as a result of the transaction (in the case of clause (1),
(2) or (3), the “Transaction”), the Board, in its sole discretion, may:

(i) notwithstanding any other provisions hereof, declare that all Options granted
under the Plan shall become exercisable immediately notwithstanding the provisions
of the respective Option Agreements regarding exercisability, that all such Options
shall terminate a specified period of time after the Committee gives written notice
of the immediate right to exercise such Options and of the decision to terminate all
Options not exercised within such period, and that all then-remaining restrictions
pertaining to Awards under the Plan shall immediately lapse; or

(ii) notify all Grantees that all Options or Awards granted under the Plan shall be
assumed by the successor corporation or substituted on an equitable basis with
options or restricted stock issued by such successor corporation; or

(iii) declare that all Options granted under the Plan that are outstanding as of the
date of such declaration, shall, upon the commencement of a tender offer to purchase
for cash all the outstanding shares of common stock of the Company (the “Offer”)
(provided that the time of the acceptance for payment of such shares pursuant to the
Offer (the “Acceptance Time”) occurs), (1) in accordance with the terms of the award
agreements relating thereto (x) become 100% vested and (y) be exercisable at any
time prior to the Acceptance Time (such period, the “Option Exercise Period”), and
(2) to the extent not exercised within the Option Exercise Period, at the effective
time of the Transaction (the “Effective Time”), be terminated and converted into the
right to receive a cash payment equal to the product of (A) the number of shares of
Stock subject to such Option, multiplied by (B) the value of the consideration being
paid for each share of Stock in connection with the Transaction minus the per share
exercise price of such Option; provided that if the per share exercise price of an
Option exceeds the value of the consideration being paid for each share of Stock,
then such “out-of-the-money” Option shall be cancelled without payment of any
consideration with respect thereto. For purposes hereof, all determinations of
value by the Board shall conclusively be deemed valid.”

     FURTHER RESOLVED, that Section 5.2(b) of the 2007 Plan is amended to read as follows:

 

 

“(b) If (1) a tender offer to purchase for cash all the outstanding shares of common stock
of the Company shall be commenced, (2) the Company shall be a party to any reorganization in
which it does not survive, including a merger, consolidation, or acquisition of the stock or
substantially all the assets of the Company, or (3) the Company shall be party to any
reorganization in which it does survive, including a merger, consolidation or acquisition of
the stock or substantially all the assets, but in which the outstanding shares of the
Company are converted into cash as a result of the transaction (in the case of clause (1),
(2) or (3), the “Transaction”), the Board, in its sole discretion, may:

(i) notwithstanding any other provisions hereof, declare that all Options granted
under the Plan shall become exercisable immediately notwithstanding the provisions
of the respective Option Agreements regarding exercisability, that all such Options
shall terminate a specified period of time after the Committee gives written notice
of the immediate right to exercise such Options and of the decision to terminate all
Options not exercised within such period, and that all then-remaining restrictions
pertaining to Awards under the Plan shall immediately lapse; or

(ii) notify all Grantees that all Options or Awards granted under the Plan shall be
assumed by the successor corporation or substituted on an equitable basis with
options or restricted stock issued by such successor corporation; or

(iii) declare that all Options granted under the Plan that are outstanding as of the
date of such declaration, shall, upon the commencement of a tender offer to purchase
for cash all the outstanding shares of common stock of the Company (the “Offer”)
(provided that the time of the acceptance for payment of such shares pursuant to the
Offer (the “Acceptance Time”) occurs), (1) in accordance with the terms of the award
agreements relating thereto (x) become 100% vested and (y) be exercisable at any
time prior to the Acceptance Time (such period, the “Option Exercise Period”), and
(2) to the extent not exercised within the Option Exercise Period, at the effective
time of the Transaction (the “Effective Time”), be terminated and converted into the
right to receive a cash payment equal to the product of (A) the number of shares of
Stock subject to such Option, multiplied by (B) the value of the consideration being
paid for each share of Stock in connection with the Transaction minus the per share
exercise price of such Option; provided that if the per share exercise price of an
Option exceeds the value of the consideration being paid for each share of Stock,
then such “out-of-the-money” Option shall be cancelled without payment of any
consideration with respect thereto. For purposes hereof, all determinations of
value by the Board shall conclusively be deemed valid.”

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]