Document:

Description of Non-Employee Director Compensation

 Exhibit 10.6 
  
 QUICKSILVER RESOURCES INC. 
  
 Description of Non-Employee Director Compensation 
  
 Each non-employee director of Quicksilver Resources Inc. (“Quicksilver”) receives an annual fee of $120,000 per year. 
  
 Subject to approval of amendments to the Quicksilver Resources Inc. 2004
Non-Employee Director Stock Option Plan (the “2004 Plan”) by Quicksilver’s stockholders at Quicksilver’s 2005 Annual Meeting, in 2005, the non-employee directors will be paid $35,000 of the fee in options under the 2004 Plan,
$25,000 of the fee in restricted stock under the 2004 Plan and $60,000 of the fee in cash (subject to elections by non-employee directors made in 2004 to receive a portion thereof in options under the 2004 Plan). Beginning 2006, the non-employee
directors will be paid $60,000 of the fee in restricted stock under the 2004 Plan and $60,000 of the fee in cash (or, at the election of the non-employee directors, in restricted stock or options under the 2004 Plan). 
  
 If the stockholders do not approve the amendments to the 2004 Plan, each
non-employee director will be paid $35,000 of the fee in options under the 2004 Plan, $35,000 of the fee in cash (subject to the elections by non-employee directors in 2004 to receive a portion thereof in options under the 2004 Plan) and the balance
of each non-employee director’s annual fee of $120,000 in cash or other consideration outside of the 2004 Plan.Agreement dated March 22, 2005.

 Exhibit 10.7 
  
 

 
  
 777 NORTH BROADWAY 
 LOS ANGELES, CALIFORNIA 90012 
  
 March 22, 2005 
  
 Mr. Dunson K. Cheng 
 Chairman of the Board, President, 
 and Chief Executive Officer 
 Cathay General Bancorp 
 777 North Broadway 
 Los Angeles, CA 90012 
  
 Dear Mr. Cheng: 
  
 On November 20, 2003, you were granted an option (the “Option”) to purchase 638,670 shares of the common stock of Cathay General Bancorp (the
“Company”) under the Company’s Equity Incentive Plan (the “Plan”) at an exercise price of $24.80 per share. It was recently determined that the grant of the Option, when taken together with a grant to you of an option to
purchase 153,060 shares of the Company’s common stock on January 16, 2003, exceeded by 391,730 shares a limitation in the Plan as to the number of shares that could be subject to awards made to any one participant in any calendar year. (All
numbers of shares and the exercise price in this letter have been adjusted to reflect the stock split in the form of a 100% stock dividend in September 2004.) 
  

It is our understanding that you will permit the Company, effective as of the date of this letter, to cancel the Option as to the 391,730 excess
shares, and that you will waive all rights that you may have to purchase such excess shares on exercise of the Option. Accordingly, the Option is hereby cancelled as to the 391,730 excess shares, and you hereby agree to waive all rights that you may
have to purchase such excess shares on exercise of the Option. From and after the date hereof, the Option will cover a total of 246,940 shares, of which 49,388 shares are vested and exercisable on the date hereof and, assuming continued employment
with the Company, an additional 49,388 shares will become vested on each of the next four anniversary dates of the date of grant, and will continue to have such other terms as pertained to the original grant. 
  
 In addition, you are to be granted an option to purchase a total of 245,060
shares of common stock of the Company under the Plan at an exercise price equal to the market price of the common stock on the Nasdaq National Market the date hereof, March 22, 2005, exercisable to the extent of 30% immediately and the balance as
follows: 10% of the Shares on November 20, 2005, 20% of the Shares on November 20, 2006, 20% of the Shares on November 20, 2007, and the remaining 20% of the Shares on November 20, 2008, subject to early termination on termination of employment,
disability or death, and having a term of 10 years. 
  

 Finally, it is understood that in determining your compensation for 2005 and possibly future years,
including granting awards under the Cathay General Bancorp 2005 Incentive Plan if approved by the Company’s stockholders, the Executive Compensation Committee will take into account that you have waived your rights to purchase the 391,730
excess shares under the Option, but no agreement or determination has been made as to how or to what extent this might be done. 
  
 If this reflects your understanding, please execute and return a copy of this letter, whereupon this shall constitute a binding agreement between us in
accordance with its terms. 
  

			
	 Very truly yours,

	
	 CATHAY GENERAL BANCORP

		
	 By
	 	 /s/ PETER WU

	 	 	 Peter Wu

	 	 	 Executive Vice Chairman of the Board and Chief Operating Officer

  

	
	 AGREED TO AND APPROVED:

	
	 /s/ DUNSON K. CHENG

	 Dunson K. Cheng

  

 Page 2Fifth Amendment

 EXHIBIT 10.1 
  
 FIFTH AMENDMENT 
 TO 
 EMPLOYMENT AGREEMENT 
  
 This Fifth Amendment to Employment Agreement is made and entered into effective as of January 1, 2005, by and between
WATSCO, INC., a Florida corporation (hereinafter called the “Company”), and ALBERT H. NAHMAD (hereinafter called the “Employee”). 
  
 RECITALS 
  
 WHEREAS, the Company and the Employee entered into an Employment Agreement effective as of January 31, 1996 (the “Employment Agreement”)
pursuant to which the Employee renders certain services to the Company; and 
  
 WHEREAS, the Compensation Committee of the Company’s Board of Directors amended the Employment Agreement effective as of January 1, 2001, January 1, 2002, January 1, 2003 and January 1, 2004; and 

  
 WHEREAS, on March 9, 2005, the Compensation Committee
of the Company’s Board of Directors set the targets for the performance based compensation payable by the Company to the Employee for the year 2005; and 
  
 WHEREAS, the Company and the Employee now desire to amend Employment Agreement and Exhibit A-1 to the Employment Agreement to specify the
performance based compensation amount payable by the Company to the Employee for the calendar year 2005. 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants set forth in this Fifth Amendment, and other good and valuable
consideration, the parties to this Fifth Amendment agree as follows: 
  
 1. All capitalized terms in this Fifth Amendment shall have the same meaning as in the Employment Agreement, unless otherwise specified. 
  
 2. The Employment Agreement is hereby amended by replacing “Exhibit A-1 — 2004 Performance Goals and Performance Based Compensation” with
the attached “Exhibit A-1 — 2005 Performance Goals and Performance Based Compensation” thereto. 
  
 3. All other terms and conditions of the Employment Agreement shall remain the same. 

 IN WITNESS WHEREOF, the parties have caused this Fifth Amendment to be duly executed effective as
of the day and year first above written. 
  

			
	COMPANY:
	
	WATSCO, INC.
		
	By:	 	 /s/ Barry S. Logan

	 	 	Barry S. Logan, Senior Vice President
	
	EMPLOYEE:
	
	 /s/ Albert H. Nahmad

	ALBERT H. NAHMAD

 EXHIBIT A-1 
  
 2005 Performance Goals and Performance Based Compensation 
  

						
	 IV.
	 	Formula	  	 	 
	 	 	 	  	 Performance
 Based
 Compensation Formula

	 A.
	 	Earnings Per Share	  	 	 
	 	 	For each $.01 increase	  	$	65,250
			
	 B.
	 	Increase in Common Stock Price	  	 	 
	 	 	(i) If the price of a share of Common Stock on 12/31/05 does not exceed $35.22	  	$	0
			
	 	 	(ii) If the price of a share of Common Stock on 12/31/05 exceeds $35.22 but does not equal or exceed $40.50, for each $0.01 increase in per share price of a share of Common Stock above
$35.22	  	$	1,200
			
	 	 	(iii) If the price of a share of Common Stock on 12/31/05 equals or exceeds $40.50, for each $0.01 increase in per share price of a share of Common Stock above $35.22	  	$	1,800
			
	 V.
	 	Method of Payment	  	 	 

  

					
	 	  	A.	  	Cash. The Performance Based Compensation determined for 2005 under the formula set forth in Section I above shall be paid in cash if and to the extent such Compensation does not exceed
$3,000,000.
			
	 	  	B.	  	Restricted Stock. If the Performance Based Compensation determined for 2005 under the formula set forth in Section I above exceeds $3,000,000 (such excess amount being referred to as
the “Additional Amount”), the Executive shall be granted a number of shares of restricted Class B Common Stock of the Company (the “Shares”) equal to the amount determined by dividing (i) two times the Additional Amount, by (ii)
the closing price for the Class B Common Stock of the Company on the American Stock Exchange as of the close of trading on December 31, 2005. The value of any fractional shares shall be paid in cash. The restrictions on the Shares shall lapse on the
first to occur of (i) October 15, 2014 (ii) termination of the Executive’s employment with the Company by reason of Executive’s disability or death, (iii) the Executive’s termination of employment with the Company for Good Reason;
(iv) the Company’s termination of Executive’s employment without Cause, or (v) the occurrence of a Change in Control of the Company (“Good Reason”, “Cause”, and “Change in Control” to be defined in a manner
consistent with the most recent grant of Restricted Stock by the Company to the Executive).
		
	 VI.
	  	 2001 Incentive Compensation Plan

		
	 	  	 The performance based award and method of payment specified above (the “Award”) were made by the Compensation
Committee in accordance with Section 8 of the Company’s 2001 Incentive Compensation Plan (the “Incentive Plan”) and are subject to the limitations contained in Section 5 of the Incentive Plan. The Award is intended to qualify as
“performance based compensation” under Section 162(m) of the Internal Revenue Code.

  

					
	Dated: Effective as of March 9, 2005	 	 	 	 /s/ Paul Manley

	 	 	 	 	Paul Manley, Chairman
	 	 	 	 	Compensation Committee
			
	 	 	 	 	Acknowledged and Accepted:
			
	 	 	 	 	 /s/ Albert H. Nahmad

	 	 	 	 	Albert H. Nahmad

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