Document:

Exhibit
      4.4

    

    COMPASS
      BANCSHARES,
      INC.

    LOCAL
      DIRECTORS COMPENSATION AND
      BUSINESS DEVELOPMENT PLAN

    

    AS
      ADOPTED OCTOBER 22,
      2007

    

    1.
Purposes.  The
      purposes of the Compass
      Bancshares, Inc. Local Directors Compensation and Business Development Plan
      (the
“Plan”)
      are to provide persons who
      serve on various
      local boards of directors
      (“Local
      Directors”) of the bank
      subsidiaries of Compass Bancshares, Inc. (the “Company”) with a means of
      investing their directors’
compensation
      in the form of American
      Depositary Shares of Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), the
      top-tier parent company of the Company, and to provide incentive compensation
      to
      them for business development. Each BBVA American Depositary Share (“BBVA ADS”)
      represents one ordinary share of BBVA with a nominal value of 49 Euro cents
      (“BBVA Share”) and is evidenced by one American Depositary
      Receipt.

     

    2.
Administration.  The
      Plan shall be
      administered by the Incentive Compensation Committee (the
“Committee”).  The Committee shall consist of three or more directors
      or officers of the Company or any affiliate of the Company that are appointed
      by
      the board of directors of the Company (the “Board”).

     

    3.
Participants.  Persons
      eligible to
      participate in the Plan shall be Local Directors of the Company’s bank
      subsidiaries.  Local Directors are collectively referred to herein as
“Participants.”  Employees of BBVA, the Company or their affiliates
      shall not be eligible to participate in the Plan.  In addition, no
      member of the Board or the Committee or of the board of directors of BBVA or
      its
      affiliates shall be eligible to receive awards under the
      Plan.

     

    4.
Awards
      Under the Plan.  Awards under the
      Plan
      (“Awards”) shall be in the form described below.  The number of BBVA
      ADSs that may be acquired by Participants pursuant to the Plan shall not exceed
      an aggregate of 385,093, subject to the adjustments provided for in section
      11.

     

    4.1.
Any
      amounts to be paid to Participants
      as retainers, for attendance at meetings of the local boards of directors of
      the
      Company’s bank subsidiaries or meetings of 

     

     

    
      
        
        

      

      
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    committees
      thereof, shall be contributed
      by the Company and applied pursuant to section 6 toward the purchase of BBVA
      ADSs for the account of Participants.

     

    4.2.
The
      Committee shall establish
      performance award targets for which Participants shall be credited cash amounts
      to be applied toward the purchase of BBVA ADSs.  Such performance
      award targets shall be based upon the development of new business for the
      Company or its subsidiaries or any other performance standard established by
      the
      Committee.  The performance award targets shall be reflected in a
      schedule of credit points, which may be earned by Participants in such amounts
      and for such business production or other activity as the Committee may
      determine.  The Committee also shall determine the amount represented
      by each credit point that shall be applied pursuant to section 6 toward the
      purchase of BBVA ADSs, and may establish a minimum number of credit points
      that
      must be earned during a given period of time as a prerequisite to any cash
      award
      under this subsection and that credit points earned during such period that
      are
      below the established minimum number will be forfeited.

     

    4.3.
Individual
      bonus awards of credit points
      may be made, from time to time, to recognize outstanding
      efforts.

     

    4.4.
The
      amount to be contributed for
      Participants pursuant to section 4.1 hereof and the performance award targets
      and the amount to be applied toward the purchase of BBVA ADSs for each credit
      point awarded pursuant to section 4.2 or 4.3 hereof shall not be changed more
      frequently than quarterly.

     

    4.5.
In
      the event that the Company should
      determine that it is required to withhold any amounts to satisfy federal, state
      or local withholding tax requirements, then the Company shall have the right
      to
      (i) withhold from funds to be contributed hereunder in any manner the Company
      deems appropriate, or (ii) require Participants to remit to the Company or
      provide indemnification satisfactory to the Company, an amount sufficient to
      satisfy such withholding tax requirements.  Any awards payable under
      the Plan may be adjusted to reflect such withholding as the Company deems
      appropriate.

     

     

    
      
        
        

      

      
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    5.
Voluntary
      Cash
      Contributions.  Participants may
      voluntarily contribute funds in addition to those awarded under section 4 to
      be
      applied toward the purchase of BBVA ADSs by delivering such funds to the Company
      for further delivery to the Agent; provided, however, that the amount of such
      voluntary contributions shall not exceed, during any given month, the cash
      amount awardable or payable to such Participant by the Company for attendance
      at
      meetings.  A Participant may request that the Company return any funds
      voluntarily contributed by such Participant if such request is made at least
      48
      hours prior to the time established by section 6 when funds must be delivered
      to
      the Agent by the Company for investment in BBVA ADSs.

     

    6.
Acquisition
      and Delivery of BBVA
      ADSs.

     

    6.1.
The
      Company shall designate an agent
      (the “Agent”) to maintain a separate account in the name of each Participant and
      to make purchases or to instruct brokers to make purchases of BBVA ADSs for
      such
      accounts.  The Company reserves the right to discontinue the use of
      any Agent and substitute any other firm selected by the Company in its
      discretion.  The Agent will administer the Participants’ accounts and
      furnish reports to Participants reflecting balances and transactions for their
      accounts.  The Company shall pay all brokerage commissions charged or
      incurred by the Agent that are attributable to purchases of BBVA ADSs pursuant
      to awards under the Plan, including, without limitation, purchases made with
      voluntary Participant contributions under section 5 hereof.  The
      Company shall have no obligation to pay any other fees or commissions assessed
      by the Agent with respect to the account of any Participant.

     

    6.2.  Each
      month the Company shall deliver to
      the Agent, in cash, the amount to be applied toward the purchase of BBVA ADSs
      pursuant to section 4.1.  Within thirty (30) days after receipt of
      such cash, the Agent shall apply or instruct brokers to apply such funds toward
      the purchase of BBVA ADSs (including any fractions thereof) in the
      over-the-counter market or any other public securities market in which BBVA
      ADSs
      may be regularly traded.  

     

     

    
      
        
        

      

      
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    Any
      BBVA ADSs so purchased shall be held
      by the Agent for the respective account of each Participant.

     

    6.3.
Each
      calendar quarter the Company shall
      deliver to the Agent, in cash, the amount represented by the number of credit
      points earned by each Participant pursuant to sections 4.2 and 4.3 hereof.
      Within thirty (30) days after receipt of such funds, the Agent shall apply
      or
      instruct brokers to apply such funds toward the purchase of BBVA ADSs (including
      any fractions thereof) in the over-the-counter market or any other public
      securities market in which BBVA ADSs may be regularly traded.  Any
      BBVA ADSs so purchased shall be held by the Agent for the respective account
      of
      each Participant.

     

    6.4.
Each
      Participant shall be entitled to
      receive, upon request and with the payment of any transfer charge imposed by
      the
      Agent in connection with such transfer, certificates representing whole BBVA
      ADSs held for his account by the Agent.  Each Participant may make a
      blanket written request of the Agent that the Agent shall aid in arranging
      the
      issuance and delivery of certificates to him after every purchase, unless the
      Agent can demonstrate that such blanket requests would lead to a proliferation
      of certificates and be unduly burdensome administratively and subject to
      certificates generally being available to holders of BBVA ADSs under the
      applicable depository agreement between the ADS depository and
      BBVA.  The Agent may establish procedures for all requests for
      certificates as it deems reasonable.  The Agent shall pass any proxy
      solicitation materials on to Participants and shall vote proxies of BBVA ADSs
      held in custody only in accordance with the instructions of
      Participants.

     

    6.5.
Except
      as specifically set forth herein
      or as otherwise set forth in any agreement with the Agent, upon receipt of
      funds
      from the Company for the purpose of acquiring BBVA ADSs, the Agent shall have
      sole and absolute discretion to acquire or instruct brokers to acquire BBVA
      ADSs
      at such times, in such amounts, at such prices and by such methods as the Agent
      deems appropriate considering the interests of the
      Participants.

     

     

    
      
        
        

      

      
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    7.
Participant’s
      Accounts with the
      Agent.  Each
      Participant shall open and maintain a separate account with the Agent in the
      name of the Participant.  The Participant’s account relationship with
      the Agent shall be governed by an agreement between the Participant and the
      Agent, and the Company shall have no authority or responsibility with respect
      to
      that relationship.  The Agent will act with respect to BBVA ADSs held
      in a Participant’s account as the agent of the Participant and not the agent of
      the Company or any of its affiliates.

     

    8.
Right
      to Terminate
      Relationship.

     

    8.1.
Nothing
      in the Plan, an Award, or any
      agreement entered into pursuant to the Plan shall confer upon any Participant
      the right to continue in any relationship with the Company or its affiliates
      or
      affect any right which the Company or its affiliates shall have to terminate
      its
      relationship with the Participant.

     

    8.2.
Participants
      may terminate participation
      in the Plan at any time by delivering notice to the Company of resignation
      of
      their positions as Local Directors.  In the event of such resignation
      and if the Participant requests, the Company will assist the Agent to facilitate
      arranging for the Participant to receive a certificate representing the BBVA
      ADSs held in his or her account, provided that fractional BBVA ADSs may be
      liquidated and paid in cash, as soon as practicable following submission of
      his
      or her resignation, unless such Participant’s account relationship with the
      Agent may survive termination of participation in the Plan under the terms
      of
      the account agreement between the Agent and the Participant and subject to
      certificates generally being available to holders of BBVA ADSs under the
      applicable depository agreement between the ADS depository and
      BBVA.  If at the time of any such resignation, a Participant shall
      have been credited with meeting fees or other compensation as a Local Director,
      but such amounts have not yet been applied to the purchase of BBVA ADSs, the
      amount of such earned meeting fees or other compensation will be paid to the
      Participant.  If at the time of any such resignation, a Participant
      has earned credit points but the Company has not yet contributed funds to the
      Agent for the purchase of BBVA ADSs in accordance with section 6, the
      Participant shall forfeit such credit points and any corresponding right to
      receive 

     

     

    
      
        
        

      

      
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    cash
      or BBVA ADSs. Upon termination of
      participation in the Plan, a Participant shall no longer be entitled to receive
      any awards from the Company under the Plan (including, without limitation,
      awards in the form of payment of brokerage commissions).  Such
      Participant’s account relationship with the Agent may survive termination of
      participation in the Plan if permitted by the terms of the account agreement
      between the Agent and the Participant.

     

    9.
Non-Assignability.  No
      award under the Plan
      shall be assignable or transferable by the Participant except by will or by
      the
      laws of descent and distribution.

     

    10.
Provisions
      Regarding
      Committee.  Decisions by the
      Committee
      shall be made by a majority of its members.  The Committee shall have
      full and final authority in its discretion to interpret the provisions of the
      Plan and to decide all questions of fact arising in its application; to
      determine the performance targets with respect to which Participants will
      receive compensation; to determine and establish additional terms and conditions
      not inconsistent with the Plan; and to make all other determinations that are
      necessary or advisable for the administration of the Plan.

     

    11.
Adjustments
      in Stock.  In the event of any
      change
      in the outstanding number of BBVA Shares underlying the BBVA ADSs by reason
      of a
      dividend or distribution in BBVA Shares, a BBVA Share split, recapitalization,
      merger, consolidation, split-up, combination, exchange of shares or otherwise,
      or in the case of any change in the ratio of BBVA ADSs to BBVA Shares, the
      Board
      or the Committee shall adjust the number of BBVA ADSs that may be delivered
      pursuant to the Plan and the Board or the Committee shall provide for an
      equitable adjustment, if necessary, of any BBVA ADSs to be acquired pursuant
      to
      awards outstanding under the Plan.

     

    12.
      Amendment or Termination.  The Board or the Committee may
      amend, modify, suspend or terminate the Plan at any time.  The
      termination or any modification, suspension or amendment of the Plan shall
      not,
      without the consent of a Participant, adversely affect the Participant’s right
      under an award previously granted.  The Plan shall remain in effect
      until all 

     

     

    
      
        
        

      

      
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    awards
      under the Plan have been satisfied; provided, however, that the Board or the
      Committee may terminate the Plan at any time.

     

    7EX-10.1

 

Exhibit 10.1

Haights Cross Communications, Inc.

Annual Management / Employee Bonus Plan

 

     Haights Cross Communications, Inc. (together with its direct and indirect subsidiaries,
“Haights Cross”) provides its managers and employees, including its named executive officers, with
an opportunity to earn cash bonuses pursuant to an incentive bonus plan in effect for each fiscal
year known as the “Annual Management / Employee Bonus Plan” (the “Bonus Plan”). Compensation
payouts to participants under the Bonus Plan are based on a participant’s achievement of defined
objectives and such participant’s applicable Bonus Percentage (as defined below). Qualification to
receive a payout under the 2008 Bonus Plan for each employee is based 100% on the achievement of
certain pre-defined adjusted EBITDA goals. The pre-defined adjusted EBITDA goals are recommended by
Haights Cross senior management and approved by the board of directors. The annual bonus payable to
our Chief Executive Officer and President, Paul J. Crecca, is subject to the minimum bonus amount
payable as provided in his employment agreement dated January 31, 2007 and amended on December 11,
2007, as previously filed.

     The amount of a participant’s payout under the Bonus Plan is determined as a percentage of the
participant’s annual base compensation (“Bonus Percentage”), such compensation to be measured up to
the date of any sale event. Target bonus participation for employees range from 75% to 150% of the
Bonus Percentage, based on achieving the stated objectives of the Bonus Plan. The amount of a
participant’s payout under the Bonus Plan is subject to proportional adjustment in the event actual
results are at least 75% of the stated objectives or in the event actual results exceed the stated
objectives (with a maximum payout of 1.5 times an employee’s Bonus Percentage). A participant will
not receive a payout if at least 75% of the stated objectives are not achieved.

     In the event of a sale event of the participant’s business unit, the adjusted EBITDA target
will be measured on a monthly basis through the month prior to the sale event and compared to
actual results covering the same period. The bonus calculation will be determined using the
participant’s actual base compensation paid through the date of the sale event.

     Determination of goal achievement and payouts under the Bonus Plan are made upon completion of
the fiscal year audit, generally March following the end of the applicable fiscal year. Bonus
calculations and payouts may be accelerated if sale events occur. In certain cases, new employees
hired during a fiscal year must wait until the following fiscal year before participating in the
Bonus Plan.

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