Document:

exv10w1

EXHIBIT 10.1

GIBRALTAR INDUSTRIES, INC.

MANAGEMENT STOCK PURCHASE PLAN

 

First Amendment to

Second Amendment and Restatement

 

     Effective as of May 19, 2005, Gibraltar Industries, Inc., a Delaware corporation
with offices at 3556 Lake Shore Road, Buffalo, New York (the “Company”) established
the Gibraltar Industries, Inc. 2005 Equity Incentive Plan (the “Omnibus Plan”) to
enable the Company to grant awards of equity based compensation to its employees and
to non-employee directors, consultants and service providers.

     In addition, effective as of May 19, 2005, the Company established the Gibraltar
Industries, Inc. Management Stock Purchase Plan (as amended, the “Plan”) to set forth
a uniform set of principals under which certain of the Company’s management employees
would be permitted to purchase Restricted Stock Units which the Company is authorized
to issue pursuant to the Omnibus Plan.

     Pursuant to the terms of the Plan and the Omnibus Plan, the Plan is to be treated
as an instrument evidencing the grant of an Award under the Omnibus Plan.

     Effective as of December 18, 2006, the Company adopted a First Amendment and
Restatement of the Plan to permit the Company’s non-Employee Directors to elect to
defer their receipt of their Director Fees and to have Restricted Stock Units credited
to an Account established for their benefit under the Plan in lieu of their receipt of
their Director Fees and to make certain other technical changes.

     Effective as of December 31, 2008, the Company adopted a Second Amendment and
Restatement of the Plan to permit the Company’s Eligible Employees to elect to defer
receipt of their Base Salary and to have Restricted Stock Units credited to an Account
established for their benefit under the Plan in lieu of their receipt of their Base
Salary effective for Plan years beginning January 1, 2009 and thereafter, to provide
the Company greater flexibility with respect to the amount of the Bonus that can be
deferred by an Eligible Employee, to provide the Company greater flexibility with
respect to the number of Matching Units to be credited to the Accounts established for
the benefit of Eligible Employees, to conform the terms of the Plan to the
requirements of Section 409A of the Code and to make certain other technical changes.

     The Company now desires to amend the terms of the Second Amendment and
Restatement of the Plan to permit the Company to provide that under certain
circumstances, in the event of the termination of the employment and/or membership on
the Board of a Participant, the value of such Participant’s Account shall be
distributed to the Participant in one lump sum payment.

     In connection with the foregoing, the Company hereby adopts the following as the
First Amendment to the Second Amendment and Restatement of the Gibraltar Industries,
Inc. Management Stock Purchase Plan effective as of July 19, 2010.

     1. Capitalized terms that are not defined herein shall have the meanings assigned
to such terms in the Plan.

     2. Section 8.02 of the Plan is hereby amended by deleting the same in its
entirety and substituting therefore a new Section 8.02 to read as follows:

 

 

     “8.02 Crediting of Interest. Unless a Participant’s Account is
distributed in one lump sum payment pursuant to Sections 8.03(c), 8.03(e), 8.03(g),
8.03(h) or 8.06 hereof, at the end of each Plan Year following the occurrence of an
event giving rise to such installment distribution, the Committee shall increase the
cash value of the Participant’s Account by interest at an annual rate equal to the
Applicable Interest Rate. The amount of the interest to be credited to the
Participant’s Account shall be compounded annually.”

     3. Section 8.03 of the Plan is hereby amended by deleting the same in its
entirety and substituting therefore a new Section 8.03 to read as follows:

     “8.03 Distribution of the Participant’s Account. (a) If the employment
of any Eligible Employee that is not a Key Employee is terminated for any reason other
than death and, as of the date the employment of the Eligible Employee is terminated,
the value of the Eligible Employee’s Account (as determined pursuant to Section
8.01(a) hereof) is greater than the applicable dollar amount provided for under Code
Section 402(g)(1)(B) of the Code, as adjusted by the Secretary of the Treasury, the
Eligible Employee’s Account shall be distributed to the Eligible Employee in five (5)
consecutive annual installments beginning in the month of the first January
immediately following the date the Eligible Employee’s employment is terminated and
continuing in each succeeding January thereafter until the fifth (5th)
January following the date the Eligible Employee’s employment is terminated, at which
time the entire remaining balance in the Eligible Employee’s Account shall be
distributed to the Eligible Employee.

          (b) If the employment of any Eligible Employee that is a Key Employee is
terminated for any reason other than death and, as of the date the employment of the
Eligible Employee is terminated, the value of the Eligible Employee’s Account (as
determined pursuant to Section 8.01(a) hereof) is greater than the applicable dollar
amount provided for under Code Section 402(g)(1)(B) of the Code, as adjusted by the
Secretary of the Treasury, the Eligible Employee’s Account shall be distributed to the
Eligible Employee in five (5) consecutive annual installments beginning in the month
of the first January immediately following the end of the six (6) month period
beginning on the date the Eligible Employee’s employment is terminated and continuing
in each succeeding January thereafter until the fifth (5th) January
following the end of such six (6) month period, at which time the entire remaining
balance in the Eligible Employee’s Account shall be distributed to the Eligible
Employee.

          (c) If the employment of any Eligible Employee (including any Eligible Employee
that is a Key Employee and any Eligible Employee that is not a Key Employee) is
terminated for any reason other than death, and, as of the date of the termination of
the Eligible Employee’s employment, the value of any such Eligible Employee’s Account
(as determined pursuant to Section 8.01(a) hereof) is less than or equal to the
applicable dollar amount provided for under Section 402(g)(1)(B) of the Code, as
adjusted by the Secretary of the Treasury, then, the Company shall, provided that the
Company simultaneously makes the payments required to be made to the Eligible Employee
by Section 8.03(i)(iii) hereof, distribute the value of such Eligible Employee’s
Account to the Eligible Employee in one lump sum payment on the later of : (i) the
effective date of this amendment; and (ii) the first day following the end of the six
(6) month period beginning on the date the Eligible Employee’s employment is
terminated.

          (d) If the employment of any Eligible Employee (including any Eligible Employee
that is a Key Employee and any Eligible Employee that is not a Key Employee) is
terminated as a result of his death and, as of the date of the Eligible Employee’s
death, the value of the Eligible Employee’s Account (as determined pursuant to Section
8.01(a) hereof) is greater than the applicable dollar amount provided for under Code
Section 402(g)(1)(B) of the Code, as adjusted by the Secretary of the Treasury, the
value of such Eligible Employee’s Account shall be distributed to the Eligible
Employee’s Beneficiary in five (5) consecutive annual installments beginning in the
month of the first January immediately following the date the Eligible Employee’s
employment is terminated and continuing in each succeeding January thereafter until
the fifth (5th) January following the date the Eligible Employee’s
employment is terminated, at which time the entire remaining balance in the Eligible
Employee’s Account shall be distributed to the Eligible Employee.

          (e) If the employment of any Eligible Employee (including any Eligible Employee
that is a Key Employee and any Eligible Employee that is not a Key Employee) is
terminated due to death, and, as of the date of the Eligible Employee’s death, the
value of any such Eligible 

 

 

          Employee’s Account (as determined pursuant to Section
8.01(a) hereof) is less than or equal to the applicable dollar amount provided for
under Section 402(g)(1)(B) of the Code, as adjusted by the Secretary of the Treasury,
then, the Company shall, provided that the Company simultaneously makes the payments
required to be made to the Eligible Employee’s Beneficiary by Section 8.03(i)(iii)
hereof, distribute the value of such Eligible Employee’s Account to the Eligible
Employee’s Beneficiary in one lump sum payment no later than: (i) the effective date
of this amendment; and (ii) the first day following the end of the ninety (90) day
period beginning on the date of the Eligible Employee’s death.

          (f) If an Eligible Director’s membership on the Board of Directors is terminated
and, as of the date the Eligible Director’s membership on the Board of Directors is
terminated, the value of the Eligible Director’s Account (as determined pursuant to
Section 8.01(a) hereof) is greater than the applicable dollar amount provided for
under Code Section 402(g)(1)(B), as adjusted by the Secretary of the Treasury, the
value of such Eligible Director’s Account shall be distributed to the Eligible
Director (or, in the event the Eligible Director’s membership on the Board of
Directors is terminated due to death, to the Eligible Director’s Beneficiary) in five
(5) consecutive annual installments beginning in the month of the first January
immediately following the date the Eligible Director’s membership on the Board of
Directors is terminated and continuing in each succeeding January thereafter until the
fifth (5th) January following the date the Eligible Director’s membership
on the Board of Directors is terminated at which time the entire remaining balance in
the Eligible Director’s Account shall be distributed to the Eligible Director.

          (g) If an Eligible Director’s membership on the Board of Directors is terminated
and, as of the date the Eligible Director’s membership on the Board of Directors is
terminated, the value of the Eligible Director’s Account (as determined pursuant to
Section 8.01(a) hereof) is less than or equal to the applicable dollar amount provided
for under Code Section 402(g)(1)(B) of the Code, as adjusted by the Secretary of the
Treasury, the value of such Eligible Director’s Account shall, provided that the
Company simultaneously makes the payments required to be made to the Eligible Director
by Section 8.03(i)(iii) hereof, be distributed to the Eligible Director or, in the
case of the termination of the Eligible Director’s membership on the Board of
Directors due to his death, to the Eligible Director’s Beneficiary, in one lump sum
payment no later: (i) the effective date of this amendment; and (ii) the first day
following the end of the ninety (90) day period beginning on the date the Eligible
Director’s membership on the Board of Directors is terminated.

          (h) In addition to the preceding provisions of this Section 8.03 which describe
the manner of distribution of the Account of a Participant upon the termination of the
Participant’s employment or membership on the Board of Directors, if the value of the
Account of a Participant (whether such Participant is or is not a Key Employee) is
less than or equal to the applicable dollar amount provided for under Code Section
402(g)(1)(B) of the Code, as adjusted by the Secretary of the Treasury, the Committee
may, in its discretion, upon written notice to the Participant but without consent or
approval of such Participant, require that a lump sum distribution of the value of
the Participant’s Account be made to the Participant at any time, even though the
Participant’s employment (in the case of a Participant who is an Employee) or the
Participant’s service as a member of the Company’s Board of Directors (in the case of
a Participant who is a Director) has not been terminated; provided that the Company
simultaneously makes the payments required to be made to the Eligible Director by
Section 8.03(i)(iii) hereof.

          (i) (i) For purposes of the foregoing provisions of Sections 8.03(a), (b), (d)
and (f) above, the amount of each annual installment to be paid to an Eligible
Employee or an Eligible Director, as the case may be, shall be equal to the value of
the Participant’s Account determined as of the day immediately preceding the date the
installment is to be paid, divided by the total number of annual installments
remaining to be paid to the Participant.

               (ii) For purposes of Sections 8.03(c), (e), (g) and (h) above, the amount to be
distributed to any Participant shall be equal to the value of the Participant’s
Account determined as of the day immediately preceding the date the payment is to be
paid to the Participant.

 

 

               (iii) Prior to or simultaneously with the cash-out payments under provided for
under Sections 8.03(c), (e), (g) and (h) above, the Company shall distribute to the
Participant, or if applicable, the Participant’s Beneficiary, the entire amount of the
Participant’s interest in all agreements, methods, programs, or other arrangements
with respect to which deferrals of compensation are treated as having been deferred
under a single nonqualified deferred compensation plan under Treas. Reg.
§1.409A-1(c)(2) such that, as a consequence of such distributions, the entire amount
of the Participant’s interest in the Plan and all such other agreements, methods,
programs, or arrangements is liquidated and terminated in its entirety.”

     4. Section 8.04 of the Plan is hereby amended by deleting the same in its
entirety and substituting therefore a new Section 8.04 to read as follows:

     “8.04 Payment of Account. (a) The installments required to be
distributed to a Participant pursuant to Sections 8.03(a), (b), (d) and (f) above
shall be paid in one payment in the month of January in which any such installment
payment is to be made, in cash, less the amount of any withholding taxes due with
respect to any such payment.

          (b) Amounts required to be distributed to a Participant pursuant to Sections
8.03(c), (e), (g) or (h) above, including amounts required to be distributed to the
beneficiary of an Eligible Employee or any Eligible Director, shall be paid in one
lump sum payment, in cash, less the amount of any withholding taxes due with respect
to any such payment.

     5. Except as otherwise provided in Sections 2, 3 and 4 above, the terms of the
Plan as contained in the Second Amendment and Restatement of the Plan effective as of
December 31, 2008 shall be and remain in full force and effect, without modification
or amendment.

     IN WITNESS WHEREOF, Gibraltar Industries, Inc. has caused this First Amendment to
the Second Amendment and Restatement of the Gibraltar Industries, Inc. Management
Stock Purchase Plan to be executed as of this 19th day of July, 2010.

	 	 	 	 	 
	 	GIBRALTAR INDUSTRIES, INC.

 	 
	 	By:  	/s/ Paul M Murrayexv10w11

Exhibit 10.11

FIRST AMENDMENT TO THE

AMGEN INC. EXECUTIVE

NONQUALIFIED RETIREMENT PLAN

AS AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2009

The Amgen Inc. Executive Nonqualified Retirement Plan as Amended and Restated Effective as of
January 1, 2009 (the “Plan”) is hereby amended effective as of July 21, 2010 as follows:

Subsection 1.2(u) of the Plan is amended by deleting it in its entirety and replacing it
with the following:

	 	(u)	 	“Retirement Date” shall have the following meaning under the Plan:

	 	(i)	 	For purposes of Section 4.3 of the Plan,
Retirement Date shall mean the date upon which a Participant completes
10 years of active employment with the Company and attains age
fifty-five (55).

	 	(ii)	 	For all other purposes of the Plan, Retirement Date shall mean the date upon which a Participant completes 10 years of active employment with the Company and attains age sixty (60). 

To record this Amendment to the Plan as set forth herein, Amgen Inc. has caused its authorized
officer to execute this document this 29th day of July 2010.

	 	 	 	 	 
	 	AMGEN INC.

 	
	 	By:  	/s/ Brian McNamee
 	
	 	 	Brian McNamee 	
	 	 	Senior Vice President, Human Resources

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