Document:

Retirement and Release Agreement

 Exhibit 10.35 
  
 RETIREMENT AND RELEASE AGREEMENT 
  
 This Retirement and Release Agreement (“Agreement”) is entered into as of December 2, 2004, by and between The DIRECTV Group, Inc., a Delaware corporation
formerly named Hughes Electronics Corporation (the “Company”) and Eddy Hartenstein (“Executive”). 
  
 Recitals 
  

	 	A.	Executive is Vice Chairman and a member of the Board of Directors of the Company and also serves as director or officer of various subsidiaries of the Company.

  

	 	B.	Executive is a party to various agreements with or plans of the Company, including, without limitation, the employment letter agreement dated as of January 1, 2004 (the
“Employment Agreement”) and the “Change in Control Agreement” and “Retention Plan” (as such terms are defined in the Employment Agreement). 

  

	 	C.	With the Company’s consent, Executive is retiring from the Company, effective on December 31, 2004. The Company and Executive are entering into this Agreement to confirm the
terms of Executive’s retirement from the Company. 

  
 Therefore, for good and valuable consideration and the mutual covenants set forth herein, the Company and Executive agree as follows: 
  

	 	1.	Termination of Employment Agreement; Affirmation of Other Agreements 

  

	 	1.1	The Company and Executive mutually agree that Executive’s employment under the Employment Agreement shall terminate as of the close of business on December 31, 2004
(“Effective Time”). The Company and Executive mutually acknowledge and agree that, however his separation may be publicly characterized and regardless of any resignation letter or other document which he may hereafter execute at the
request of the Company, he shall be entitled to the Retention Bonus, payable in accordance with the Retention Plan, and that his termination of employment shall be considered a termination without “Cause” or for “Good Reason” (as
such terms are defined in the Change in Control Agreement), effective at the Effective Time. 

  

	 	1.2	In settlement of all amounts owing by the Company to Executive under Sections 2.2.b., 2.2.c., 2.3 and 2.4.b. of the Change in Control Agreement, the Company shall pay Executive a
lump sum cash payment of Twelve Million Dollars ($12,000,000) subject to applicable withholding as provided in Section 7 of the Change in Control Agreement immediately at the Effective Time. 

	 	1.3	The Company further agrees that it shall provide, or cause its subsidiaries to provide, Executive continuation of DIRECTV® service in the manner and on terms consistent with the service he is presently
receiving until Executive’s death. 

  

	 	1.4	Except as modified by this Agreement, all rights and obligations of the parties under the Employment Agreement, the Change in Control Agreement, the Retention Plan and other
applicable plans of the Company shall continue in accordance with the terms thereof as so modified. 

  

	2.	General Release and Waiver of Claims Upon Separation 

  

	 	2.1	General Release 

  

	 	(a)	In exchange for the consideration set forth in the Change in Control Agreement, as modified by this Agreement, Executive hereby acknowledges full and complete satisfaction and
hereby releases and forever discharges the Company, its controlling stockholders, subsidiaries, successors and affiliated companies (collectively, “DTVG”) and each of its and their respective agents, directors, officers, representatives,
attorneys and employees (“Releasees”) from any and all claims, actions, losses, rights, damages, fees and demands of every character, nature, kind or description whatsoever, arising from, relating to any act or omission, or connected with
his employment by, or separation from, DTVG, including but not limited to, any actions brought in tort or for breach of contract, or claims arising under the California Labor Code, Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act (“ADEA”), the California Fair Employment and Housing Act, the Fair Labor Standards Act, the Equal Pay Act, the Employee Retirement Income Security Act of 1974, and any other federal or state constitution, statute, law or
regulation relating to employment, discrimination, retaliation or whistle blowing activity. 

  

	 	(b)	It is understood and agreed that the foregoing release covers all known or unknown or unanticipated injuries, claims or damages. 

  

	 	(c)	The parties agree that except as set forth herein, the signing of this Agreement does not affect Executive’s existing right to receive future benefits/payments under the
applicable welfare, pension, deferred or equity compensation, or other compensation plans pursuant to the terms of the respective plan. 

	 	2.2	ADEA Acknowledgment 

  

	 	(a)	In accordance with the Older Workers Benefit Protection Act of 1990, Executive is aware of the following with respect to his release of any claims under the ADEA:

  

	 	(1)	He has the right to consult with an attorney before signing this Agreement. 

  

	 	(2)	He has twenty-one (21) days, in which to consider this Agreement and any ADEA claim; and 

  

	 	(3)	He has seven (7) days after signing this Agreement to revoke his release. 

  

	 	(b)	This release shall not be effective until the expiration of seven (7) days following its execution by Executive. 

  

	 	2.3	Confidentiality 

  
 Executive represents and agrees to keep the terms and conditions of this Agreement strictly confidential and Executive agrees not to disclose its contents
to anyone other than his immediate family and professional representatives who likewise are bound by confidentiality, or as may be required by applicable law. 
  

	 	2.4	No Admission 

  
 This Agreement shall not be deemed or construed as an admission of liability or wrongdoing by DTVG or others released herein. Executive agrees not to file
any action, charge or complaint against or concerning any of the Releasees related to his employment with the Company and to dismiss or withdraw, with prejudice, or have dismissed with prejudice, any and all pending claims, complaints, or grievances
filed against any of them. Executive expressly agrees not to sue the Releasees to enforce any claim or cause of action pursuant to this Agreement, but rather, to utilize the Claims & Arbitration provision of the Change in Control Agreement.

  

	 	2.5	Property of DTVG 

  
 Executive understands and agrees that he will immediately turn over to the Company all documents and property, which he has received from the Company
which are the property of DTVG. After separation, Executive will comply with his obligations not to use or disclose Company proprietary or confidential information. 

	 	2.6	Representation of Executive 

  
 Executive affirms and represents that he is entering into this Agreement freely and voluntarily, and that he is acting under no other inducement, or under
any coercion, threat or duress. Executive acknowledges that the contents of this document have been explained to him and he understands the meaning and legal effect of this Agreement. Executive has been given the opportunity to discuss this
Agreement with an attorney before executing it. 
  

	3.	Miscellaneous 

  

	 	3.1	Entire Agreement 

  
 This Agreement constitutes the entire agreement between the parties and supersedes any and all other agreements or understandings, either oral or written,
between the parties with respect to the subject matter hereof, except as otherwise provided in this Agreement. 
  

	 	3.2	Validity; Applicable Law 

  
 If any term of this Agreement is declared invalid for any reason, such determination shall not affect the validity of the remainder of the Agreement, and
the remaining parts shall remain in effect as if the Agreement had been executed without the invalid term. This Agreement shall be construed and enforced in accordance with, and governed by, the laws of the State of California. 
  

					
	Dated:                     	 	EXECUTIVE:
		
	 	 	  

	 	 	Eddy Hartenstein
	 	 	Payroll Number:                     
		
	 	 	THE DIRECTV GROUP, INC.:
			
	 	 	By:	 	  

	 	 	Title:Amended and Restated Hughes Electronics Corporation Long-Term Achievement Plan

 Exhibit 10.36 
  
 AMENDED AND RESTATED 
  

HUGHES ELECTRONICS CORPORATION 
  
 LONG-TERM ACHIEVEMENT PLAN 
  
 This Hughes Electronics Corporation Long-Term Achievement Plan was originally effective as of January 1, 1990, for eligible Employees of Hughes
Electronics Corporation and its Subsidiaries, and was previously amended on January 1, 1993, December 17, 1997, September 27, 1999, May 22, 2001 and September 28, 2001. This Plan is now amended and restated effective as of December 22, 2003. This
Plan is a restricted stock unit plan as contemplated under the HEC Incentive Plan. In the event of any conflict between the terms of this Plan and the terms of the HEC Incentive Plan, the terms of the HEC Incentive Plan shall control. 
  
 1. DEFINITIONS 
  
 “Award” shall mean a right granted to an eligible Employee to
receive incentive compensation subject to the terms of this Plan. 
  
 “Base Salary” shall mean the Participant’s regular base salary as of January 1 of the Plan Year. 
  
 “Beneficiary” shall mean the person or persons designated hereunder by the Participant to receive the Award in the event of the
Participant’s death. If no such designation of any beneficiary has been made, the Beneficiary shall be the Participant’s spouse, or, if not married or the spouse has predeceased the Participant, the Participant’s estate. 

  
 “Board of Directors” shall mean the Board of
Directors of Hughes. 
  
 “CEO” shall mean the Chief
Executive Officer of Hughes. 
  
 “Committee” shall mean
the Compensation Committee of the Board of Directors. 
  
 “Company” shall mean, individually and collectively, Hughes and its Subsidiaries which adopt the Plan. 
  
 “Disability” or “Disabled” shall mean a period of disability during which a Participant qualifies for permanent disability benefits
under the Company’s long-term disability plan, or if a Participant does not participate in such a plan, a period of disability during which the Participant would have qualified for permanent disability benefits under such a plan had the
Participant been a participant in the Hughes Long-Term Disability Plan. 
  
 “Employee” shall mean, subject to additional limitations or restrictions as the CEO may impose, a person employed by the Company and may, in the discretion of the CEO, include persons who, at the request of the Company, accept
employment with any entity in which Hughes has, directly or indirectly, a substantial ownership interest. To the extent determined by the CEO, the term “Employee” shall be deemed to include a former employee and any Beneficiary thereof.

  
 “HEC Incentive Plan” shall mean the incentive plan
adopted by Hughes which awards restricted stock units of Hughes Common Stock to eligible employees of Hughes and its subsidiaries, or its successor plan. 

 “Hughes” shall mean Hughes Electronics Corporation. 
  
 “Hughes Common Stock” shall mean shares of common stock, par value
$0.01 per share, of Hughes. 
  
 “Participant” shall mean
a person who has been nominated for an Award of incentive compensation under the Plan for the applicable Performance Period. 
  
 “Performance Period” shall mean a period of three consecutive calendar years for which Performance Targets are established and Target Awards are
made. 
  
 “Performance Target” shall have the meaning
ascribed in Article 5. 
  
 “Plan” shall mean this Hughes
Electronics Corporation Long-Term Achievement Plan, as the same may be amended from time to time by the Board of Directors. 
  
 “Retirement” shall mean severance from employment with the Company for any reason other than a leave of absence, death, termination for cause,
or Disability on or after (i) the date the Participant satisfies the requirements for retirement with an immediate annuity starting date under the tax-qualified defined benefit pension plan of the Company, if any, or (ii) if the Company employing
the Participant does not sponsor a tax-qualified defined benefit pension plan, the date the Participant would have satisfied the requirements for retirement with an immediate annuity starting date under the Hughes Non-Bargaining Retirement Plan (or
any successor plan to such plan) had the Company employing the Participant been a sponsor of such plan. For purposes of this definition, a Participant is not considered to have satisfied the requirements for an immediate annuity starting date merely
because the Participant is entitled to receive a distribution of a small lump sum cash-out or a distribution of the Participant’s contributions and earnings thereon. 
  
 “Stock” shall mean Hughes Common Stock. 
  
 “Subsidiary” shall mean (i) a corporation of which capital stock having ordinary voting power to elect a majority
of the board of directors of such corporation is owned, directly or indirectly, by Hughes, or (ii) any unincorporated entity in respect of which Hughes can exercise, directly or indirectly, comparable control, or (iii) any entity in which Hughes
has, directly or indirectly, a substantial ownership interest. 
  
 “Target Award” shall have the meaning ascribed in Article 6. 
  
 2. PURPOSES 
  
 The
purposes of this Plan are to provide: (i) Employees in positions of major responsibility with incentive and reward for achieving, individually or as a group, long-term financial and strategic business goals established to deliver value to Hughes
customers and shareholders; (ii) competitive returns to holders of Hughes Common Stock; (iii) competitive levels of compensation to Employees for competitive levels of performance; and (iv) a link between shareholders of Hughes Common Stock and
Hughes employees in positions of major responsibility. 
  

 2 

 3. PLAN ADMINISTRATION 
  
 The Committee shall have full discretionary power and authority to construe, interpret and administer the Plan, and to
delegate any of its power or authority to any one or more persons from time to time. Decisions of the Committee shall be final, conclusive and binding upon all parties, including Hughes, the stockholders of Hughes, and Employees, provided, however,
that the Committee shall rely upon and be bound by the total amount of the Stock registered by Hughes with the Securities Exchange Commission. The foregoing shall include, but shall not be limited to, all determinations by the Committee as to (i)
eligibility of Employees for consideration for Awards, (ii) the amount of individual Awards, (iii) the timing of payment of Awards, (iv) whether unearned portions of prior Awards shall be earned and paid as previously determined, (v) whether a
Participant has satisfied the conditions precedent to the payment of an Award, (vi) whether the condition precedent of continued services shall be waived, and (vii) the time of the first occurrence of any activity or act which constitutes a failure
to satisfy any condition precedent. Any person who accepts any benefit hereunder thereby agrees to accept as final, conclusive and binding the determinations of the Committee. 
  
 4. ELIGIBLE EMPLOYEES 
  
 Employees eligible to participate in the Plan are persons whose continued employment is determined by the CEO to be key to the achievement of long-term
goals of Hughes and its Subsidiaries. During the first year of a Performance Period, the CEO shall designate the Employees who are to participate in the Plan for the Performance Period which commenced the immediately preceding January. Participation
in the Plan is not automatic. 
  
 5. INCENTIVE GOALS

  
 During the first year of a Performance Period, the
Committee shall have broad discretion to determine performance targets for Hughes (each a “Performance Target”) for the Performance Period. The Performance Targets may consist of financial, operating, or other measure(s) as determined by
the Committee. The CEO, with the approval of the Committee, shall establish weighting among the Performance Targets. Individual Employee goals will not be established under the Plan. 
  
 6. TARGET AWARDS 
  
 A. Considering the level of responsibility and contribution made by the Participant to the Company, individual Participant target awards (“Target
Award”) are computed based on a percentage of the Participant’s Base Salary. 
  
 B. Each Employee selected to participate in the Plan will be granted an Award payable in Stock subject to meeting the requirements of Articles 7 and 8. 
  
 C. The number of shares of Hughes Common Stock to be awarded to an Employee shall be determined by dividing the total value
of the Target Award by the average of the closing prices of Hughes Common Stock as reported in a publicly-available stock price quotation source for each trading day in the month immediately preceding the date the Committee approves the Target
Award, rounded up to the next whole share. 
  

 3 

 D. During the Performance Period and at all times prior to the distribution of the Award to the Employee,
Hughes shall retain all rights incident to the Stock. 
  
 7.
PERFORMANCE AND ALLOCATION OF THE FUND 
  
 A. Prior to the
end of the first calendar quarter of the first year following the Performance Period, the CEO, with the approval of the Committee, will determine the extent to which Hughes met the Performance Targets for the Performance Period. Awards will be based
on the level of Hughes’ achievement of the Performance Targets during the Performance Period. If an Employee’s individual performance does not meet Hughes’ expectations, the Employee will not be eligible for all or a portion of the
Award as determined by the CEO in his sole discretion. 
  
 B. The
percentage of the Award earned in relation to the level of performance will be: 
  

					
	 Hughes Financial Performance

	 	 Relative Total Shareholder Return

	 	 Percent of Award Earned

	 25% or more above Target
	 	90th percentile	 	175%
	 Target
	 	75th percentile	 	100%
	 80% of Target
	 	50th percentile	 	40%
	 Less than 80% of Target
	 	Below 50th percentile	 	0%

  
 C. At the beginning of
the three-year Performance Period, the Committee shall select one or more indices of companies against which it will evaluate the Relative Total Shareholder Return of Hughes Common Stock. Total Shareholder Return for each company in each index, and
for Hughes, shall be determined at the end of the Performance Period as a percentage (positive or negative) as follows: (i) divided by (ii), where 
  

	(i)	is equal to (a) the closing stock price at the end of the Performance Period, minus (b) the closing stock price immediately prior to the start of the Performance Period, plus (c)
all dividends paid (not merely declared) during the Performance Period, and 

  
 (ii) is equal to the closing stock price immediately prior to the start of the Performance Period. 
  
 The Relative Total Shareholder Return of Hughes Common Stock shall be expressed as a percentile, by comparing Hughes Common Stock’s Total Shareholder Return to the
Total Shareholder Return of the companies in each index, ordered from highest to lowest by Total Shareholder Return. Hughes Relative Total Shareholder Return shall be the unweighted mean of the percentile of Hughes Common Stock’s Relative
Shareholder Return derived respectively under each index of companies selected. 
  
 D. The Committee may elect not to approve the payout of the full amount of the Award, or may elect to approve an increase in the amount of the Award, if, in its judgment, events have occurred which have altered the
basis on which the Performance Targets were established. 
  

 4 

 8. PAYMENT OF AWARDS 
  
 A. No distribution of an Award shall be made to an Employee if his or her employment with Hughes is terminated for any
reason whatsoever (with or without the approval of Hughes) within the first twelve months of the Performance Period. Except as provided in Section 8. G., each Award shall be distributed as additional compensation to the Participant as soon as
administratively feasible after the determination in Section 7. A. is made, subject to the conditions precedent set forth in the Plan. 
  
 B. Notwithstanding anything to the contrary in this Plan, the payment of each Award shall be subject to the satisfaction by the Participant of the
conditions precedent that the Participant: (i) continue to render services as an Employee of the Company unless waived as set forth herein, (ii) refrain from engaging in any activity which, in the opinion of the CEO, is competitive with any activity
of Hughes or any of its subsidiaries, which shall be defined to include accepting employment or otherwise providing services outside of Hughes or any of its subsidiaries where it is reasonably determined by the Company, after considering the nature
and extent of, and the geographical region and the duration of time from the Participant’s separation from employment, that the Participant would necessarily or inevitably disclose or utilize confidential or proprietary information (including
trade secrets) in the employment or when providing the services, (iii) refrain from otherwise acting, either prior to or after termination of employment, in any manner which is in any way contrary to the best interests of Hughes or any of its
subsidiaries, and (iv) furnish to the CEO such information with respect to the satisfaction of the foregoing conditions precedent as the CEO shall reasonably request. If the Participant has failed to satisfy any of the foregoing conditions
precedent, all Awards granted under the Plan to such Participant shall be immediately canceled and forfeited, and the Participant shall not be entitled to receive any consideration in respect to such cancellation and forfeiture. 
  
 C. The requirement in Section 8. B. that a Participant continue to render
services as an Employee of the Company shall be automatically waived with respect to any Award under the Plan (which Award shall be reduced as hereinafter provided) if the Employee’s employment with the Company is terminated with the approval
of the CEO, or by reason of death, layoff, Disability or Retirement, provided such termination of employment was not within the first twelve months of the Performance Period. In the event Section 8 B. (i) is waived as a result of any such
termination, payment of the Award shall continue to be subject to the satisfaction of the other conditions precedent set forth in Section 8. B. Any such Award shall be reduced to reflect the actual number of full months worked during the Performance
Period. The reduced Award for such Employee shall be calculated by multiplying the Award determined in accordance with the provisions of Article 7 by a fraction, the numerator of which is the number of full months actually worked during the
Performance Period and the denominator of which is 36. An unpaid leave of absence of greater than 30 days determined in accordance with procedures established by the Company shall not be deemed to be a termination of employment. The Employee’s
Award, however, will be adjusted in accordance with the above formula, except that the numerator will be the actual number of full months during the Performance Period which the Employee was being paid a salary through a Hughes payroll system.
Payments adjusted under this Section 8. C. shall be distributed to the Employee or former Employee at the same time as Awards under the Plan are distributed to active Participants. 
  
 D. Except as set forth in Section 8. C., Awards will be forfeited upon any termination of employment occurring prior to the
distribution of the Award without the prior approval of the CEO. An Employee who terminates his or her employment with the Company after obtaining such approval will receive his or her prorata share in accordance with this Article 8. 
  

 5 

 E. In the event of any merger, reorganization, consolidation, recapitalization, stock dividend or other
change in corporate structure of Hughes affecting the Stock, such adjustment shall be made in the class and the aggregate number of shares of Stock or other property which may be delivered under the Plan (provided the number of shares of any class
after the adjustment shall always be a whole number), as may be determined to be appropriate by the Committee. 
  
 F. Awards under the Plan may not be assigned, alienated, transferred, pledged or otherwise encumbered. 
  
 G. An eligible participant in the Hughes Electronics Corporation Executive
Deferred Compensation Plan effective September 1, 1998 (the “Deferred Compensation Plan”) may elect to defer receipt of a portion or the total amount of an Award hereunder in accordance with the terms of the Deferred Compensation Plan.
Payment of any Award that has been timely deferred will be governed by the Participant’s election under and pursuant to the terms of the Deferred Compensation Plan. 
  
 9. PLAN EXPENSES 
  
 The costs of administering the Plan shall be borne as expenses of Hughes and not charged to the Awards. 
  
 10. SOURCE OF STOCK 
  
 The shares of Hughes Common Stock to be delivered to Participants pursuant
to the terms of the Plan shall be delivered by Hughes through the HEC Incentive Plan. 
  
 11. RIGHT OF ACTION 
  
 Every right of action by, or on behalf of, General Motors or Hughes or by any stockholder of General Motors or Hughes against any past, present or future member of the General Motors or Hughes Board of Directors, or any officer or employee
of General Motors, Hughes or any of their respective subsidiaries arising out of or in connection with this Plan shall, irrespective of the place where an action may be brought and irrespective of the place of residence of any such director, officer
or employee, cease and be barred by the expiration of three years from the date of the act or omission in respect of which such right of action arises. Any and all rights of action by an employee (past, present or future) against General Motors,
Hughes or any of their respective subsidiaries arising out of or in connection with this Plan shall, irrespective of the place where an action may be brought, cease and be barred by the expiration of three years from the date of the act or omission
in respect of which such right of action arises. 
  
 12. PLAN
AMENDMENT OR TERMINATION 
  
 While it is contemplated that
Awards will be made annually, the Board of Directors may amend, modify, suspend or terminate the Plan, in whole or in part, at any time for whatever reasons it may deem appropriate; provided that no amendment or termination of the Plan shall affect
the Company’s obligation to pay to a Participant the unpaid Awards previously granted to such Participant hereunder in accordance with the terms of the Plan. In addition, any Subsidiary may, with the approval of the Committee, at any time by
action of its board of directors, terminate the Plan as applicable to itself in accordance with this Article 12. 
  

 6 

 13. GOVERNING LAW 
  
 The Plan and all determinations made and actions taken pursuant hereto shall be governed by the law of Delaware and
construed accordingly. 
  
 14. NO RIGHT OF EMPLOYMENT

  
 Neither participation in the Plan nor the fact that an
Employee has received an Award under the Plan confers upon any Employee any right to continue in the employ of the Company or shall interfere with or restrict in any way the right of the Company to discharge the Employee at any time for any reason
whatsoever, with or without cause. The adoption of the Plan shall not constitute a contract between the Company and any Employee.  
  
 15. NO RIGHT, TITLE, OR INTEREST IN HUGHES ASSETS 
  
 A Participant shall have no right, title, or interest whatsoever in or to any assets or to any investments that the Company may make to aid it in meeting
its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant or any
other person. To the extent that any person acquires a right to receive an Award from the Company under this Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All Awards made hereunder shall be paid
from the general assets of the Company and no special or separate fund or segregation of assets shall be required to assure payment of such amounts. 
  
 16. WITHHOLDING FOR TAXES 
  
 The Company will report the fair market value of an Award distributed to the Participant to the applicable tax authorities as compensation earned by the
Participant in the year of distribution. The Company will withhold from the distribution to the Participant an appropriate number of shares to satisfy all tax withholding obligations. 
  
 17. SUCCESSORS 
  
 The provisions of the Plan shall inure to the benefit of Hughes, its successors and assigns. 
  

 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]