Document:

Exhibit 10.2

Exhibit 10.2

NONQUALIFIED STOCK OPTION AWARD AGREEMENT PURSUANT TO

THE CAMCO FINANCIAL CORPORATION

2010 EQUITY PLAN

THIS AGREEMENT is made to be effective as of the Grant Date set forth below by and between
Camco Financial Corporation (the “Company”) and the Participant set forth below, pursuant to the
Camco Financial Corporation 2010 Equity Plan (the “Plan”).

In consideration of the mutual promises and agreements contained herein, the parties hereto
make the following agreement, intending to be legally bound thereby:

1. Grant of Option. The following terms used in this Agreement shall have the
meanings set forth below:

	 	(A)	 	The “Participant” is                     .

	 
	 	(B)	 	The “Grant Date” is                     .

	 
	 	(C)	 	The “Covered Shares” are                      Shares of the
Company.

	 
	 	(D)	 	The “Exercise Price Per Share” is $      .

	 
	 	(E)	 	The “Expiration Date” is                     , subject
to earlier termination as set forth in Section 2(C) of this Agreement.

Other terms used in this Agreement are defined elsewhere in this Agreement or have the meaning
ascribed to them under the Plan.

2. Terms and Conditions of the Option.

(A) Option Grant. The Company hereby grants to the Participant a Nonqualified Stock
Option to purchase the Covered Shares at the Exercise Price and subject to the terms and conditions
set forth in this Agreement and in the Plan.

 

 

 

(B) Exercise of the Option. The Option is exercisable in accordance with the
following schedule:

	 	 	 
	Date	 	Number of
	Exercisable	 	Shares
	 
	 	 

The vesting of the Option may be accelerated in accordance with Article XI of the Plan.

The Option may be exercised by giving written notice of exercise to the Company addressed to
the President or the Chief Financial Officer of the Company stating the number of Covered Shares as
to which the Option is being exercised. Such notice shall be accompanied by payment in full of the
Exercise Price Per Share for the number of Covered Shares as to which the Option is being exercised
(i) in cash or its equivalent, (ii) by delivering to the Company Shares already owned by the
Participant for at least six months and which have an aggregate Fair Market Value equal to the
Exercise Price Per Share for the number of Covered Shares as to which the Option is being
exercised, (iii) by a cashless exercise, or (iv) by another method approved by the Committee.

The Option may be exercised to purchase a number of whole Shares which is less than the
Covered Shares at any time and from time to time.

The Option may not be exercised unless the Covered Shares are first registered pursuant to any
applicable federal or state laws or regulations or, in the opinion of counsel to the Company, are
exempt from such registration. Nothing contained in the Plan or in this Agreement shall be
construed to require the Company to take any action whatsoever to make exercisable any Option or to
make transferable any Shares issued upon the exercise of any Option.

(C) Termination of Option. The Option shall expire on the Expiration Date, unless the
Participant’s employment terminates prior to the Expiration Date, in which event, the Option shall
Expire as follows:

(1) Upon termination of the Participant’s employment for Cause (as defined in the Plan), the
Option shall expire on the date of such termination;

(2) Upon the death of the Participant, the Option shall expire one year from the date of the
Participant’s death;

(3) In the event of Disability (as defined in the Plan), the Option shall expire one year from
the date of termination of employment due to Disability;

(4) Upon Retirement (hereinafter defined), the Option shall expire one year after the
Participant’s Retirement date;

(5) In the event of Voluntary Termination (hereinafter defined), the Option shall expire six
months after the Participant’s termination date; or

(6) In the event of Involuntary Termination (hereinafter defined), the Option shall expire six
months after the Participant’s termination date.

 

 

 

The Committee’s determination whether a Participant’s employment has terminated, the reason
therefor and the effective date thereof, shall be final and conclusive on all persons affected
thereby.

For purposes of this Agreement, the following definitions shall apply. “Retirement” shall
mean shall mean any Voluntary Termination by a Participant at or after age 65 after completing at
least ten years of service (or five years of service for Board members) on or prior to the date of
termination. “Involuntary Termination” shall mean the Participant’s employment with the Company is
terminated for reasons other than Voluntary Termination, Retirement, death, Disability, Change in
Control or Cause. “Voluntary Termination” shall mean a Participant terminates employment
voluntarily.

(D) Withholding. All deliveries and distributions under this Agreement are subject to
withholding of all applicable taxes. In the discretion of the Committee, such withholding
obligations may be satisfied as set forth in the Plan.

3. Non-Assignability of the Option. The Option shall not be assignable or
transferable by the Participant except by will or the laws of descent and distribution, and the
terms and conditions of the Option shall be binding upon the executors, administrators, heirs,
successors and assigns of the Participant.

4. Governing Law. The rights and obligations of the Participant and the Company under
this Agreement shall be governed by and construed in accordance with the laws of the State of Ohio
in all respects, including, without limitation, matters relating to the validity, construction,
interpretation, administration, effect, enforcement, and remedies provisions of the Plan and its
rules and regulations, except to the extent preempted by applicable federal law. The Participant
and the Company agree to submit to the jurisdiction of the state and federal courts of the State of
Ohio with respect to matters relating to the Plan and this Agreement and agree not to raise or
assert the defense that such forum is not convenient.

5. Rights and Remedies Cumulative. All rights and remedies of the Company and of the
Participant enumerated in this Agreement shall be cumulative and, except as expressly provided
otherwise in this Agreement, none shall exclude any other rights or remedies allowed by law or in
equity, and each of said rights or remedies may be exercised and enforced concurrently.

6. Captions. The captions contained in this Agreement are included only for
convenience of reference and do not define, limit, explain or modify this Agreement or its
interpretation, construction or meaning and are in no way to be construed as a part of this
Agreement.

7. Severability. If any provision of this Agreement or the application of any
provision hereof to any person or any circumstance shall be determined to be invalid or
unenforceable, then such determination shall not affect any other provision of this Agreement or
the application of such provision to any other person or circumstance, all of which other
provisions shall remain in full force and effect. It is the intention of each party to this
Agreement
that if any provision of this Agreement is susceptible of two or more constructions, one of which
would render the provision enforceable and the other or others of which would render the provision
unenforceable, then the provision shall have the meaning which renders it enforceable.

 

 

 

8. Plan as Controlling. All terms and conditions of the Plan applicable to options
granted thereunder which are not set forth in this Agreement shall be deemed incorporated herein by
reference. In the event that any provision in this Agreement conflicts with any term in the Plan,
the term in the Plan shall be deemed controlling. Capitalized terms not defined in this Agreement
shall have the meaning ascribed to them in the Plan.

9. No Right to Continued Employment. This Plan does not constitute a contract of
employment. Nothing in the Plan or in this Agreement confers upon the Participant the right to
continue in the employ of the Company or interferes with or restricts in any way the right of the
Company to discharge the Participant at any time (subject to any contract rights of such
Participant).

10. Stockholders’ Rights. The Participant shall have none of the rights or privileges
of a stockholder of the Company, including but not limited to the right to receive dividends on the
Covered Shares, except with respect to Shares as to which a stock certificate has been duly issued
to the Participant.

11. Entire Agreement. This Agreement constitutes the entire agreement between the
Company and the Participant with respect to the subject matter of this Agreement, and this
Agreement supersedes all prior and contemporaneous agreements between the parties hereto in
connection with the subject matter of this Agreement. No change, termination or attempted waiver
of any of the provisions of this Agreement shall be binding upon any party hereto unless contained
in a writing signed by the party to be charged.

[SIGNATURE PAGE FOLLOWS]

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of                     .

	 	 	 	 	 	 	 
	 	 	COMPANY:	 	 
	 
	 	 	 	 	 	 
	 	 	Camco Financial Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Its:
	 	 
	 
	 	 	 	 	 	 
	 	 	PARTICIPANT:exv10w1

Exhibit 10.1

AMENDMENT TO THE

CLEARWIRE CORPORATION

2010 EXECUTIVE CONTINUITY PLAN

     Clearwire Corporation, by action of the Compensation Committee of the Board, adopted the
following amendments to the Clearwire Corporation 2010 Executive Continuity Plan (the “2010 Plan”).
Pursuant to Section 11.1 of the 2010 Plan, this amendment shall be binding on Clearwire
Corporation and each Participant in the plan in accordance with the terms of the 2010 Plan and any
executed consent to the amendment, effective March 10, 2011.

     1. Section 6.2 is amended by adding the following paragraph:

     Notwithstanding the foregoing, all or part of the cash portion of any Executive Continuity
Benefits (up to the Severance Amount as defined in Section 13.8) may, at the option of the Company,
be paid in the form of stock instead of cash. Any amount not paid in stock, including the cash
portion of Executive Continuity Benefits in excess of the Severance Amount, shall be paid in equal
bi-weekly installments over the applicable Non-Competition Period. To the extent paid in stock,
payment will be made in a single distribution in the form of Restricted Shares of Clearwire stock
(CLWR). The stock will be equal in value to the cash portion the Participant would have received,
determined using the closing stock price on the trading day before the Participant’s last day of
employment (the “Grant Date”), rounded up to the nearest whole share, plus a 1% premium to cover
broker’s fees. The Restricted Shares will be issued when installments would have begun, after
execution of the Release and Non-Competition Agreement (if applicable), and expiration of the time
to revoke the Release (the “Release Date”), and provided that Participant has agreed to the terms
of the Non-Competition Agreement. Sufficient stock will be sold on the Release Date to cover
withholding obligations, and the remaining shares will be deposited in the Participant’s E*TRADE
account. In addition, if between the Grant Date and the time it is sold the value of Clearwire
stock declines below the cash portion that the Participant would have received, the Company will
pay a cash “true-up” equal to the amount of the decline; provided, that the Participant
sold the stock within 10 business days of the first opportunity that occurs on or after the Release
Date to sell it free of trading restrictions.

     For example, if, after giving effect to Article 7, a Group II Participant is to receive
$600,000 in cash as part of the Regular Severance Benefits, at the Company’s option up to $490,000
may be paid in the form of stock and the excess will be paid over the one-year Non-Competition
Period applicable to the Group II participant in 26 equal installments of $4,230.77 each, subject
to applicable withholding. Each installment payment would be subject to compliance with the
Non-Competition Agreement. If the value of the stock is $5 per share on the Grant Date, the
Participant would be granted 98,000 shares, plus a 1% premium equals 98,980 shares. Assuming that
the stock is sold at the first available opportunity and the price has declined to $4.70 per share
at that time, the Company will pay a cash true-up of $29,400 (98,000 shares times $0.30).

     2. Section 6.3 is amended by adding the following sentence:

     “This section 6.3 does not apply to proceeds of the sale of stock received as payment for the
cash portion of Executive Continuity Benefits under Section 6.2.”

 

 

     3. Section 11.1 is amended to read as follows:

     The Board may amend, modify or terminate this Plan at any time. On or before the second
anniversary of the Effective Date, no amendment, modification or termination of this Plan shall
adversely affect, in any way, the rights or Executive Continuity Benefits of any employee who has
become a Participant under the Plan unless the Participant receives substantially similar rights
and benefits under another plan or agreement adopted by the Company, the Participant consents to
such amendment in writing, or this Plan has terminated as to the Participant under Section 11.2
below. After the second anniversary of the Effective Date, the Plan may be amended, modified or
terminated in any manner upon one year’s prior written notice to each Participant whose rights or
Executive Continuity Benefits may be adversely affected thereby and for whom this Plan has not then
terminated, unless such Participant consents to a shorter notice period.

     4. Section 13.8 is amended by adding the following paragraph:

     To clarify the applicability of Section 409A of the Code, the Company intends that the cash
portion of any Executive Continuity Benefit up to the Severance Amount shall fall within the
exception for an involuntary separation pay plan in Treas. Reg. 1.409A-1(b)(9)(iii), while the
excess over the Severance Amount shall be subject to Section 409A. Therefore, the excepted portion
of the Plan shall not be considered deferred compensation and shall not be subject to the 6-month
delay in payments for “specified employees.” The Severance Amount means the lesser of (a) two
times the Participant’s annual rate of pay for the calendar year prior to the year of termination
(adjusted for any increase during that year that expected to continue indefinitely if the
Participant had not been terminated) or? (b) two times the maximum dollar limit on compensation
that may be taken into account under Code Section 401(a)(17). (For 2011 the dollar limit is
$245,000, so (b) is $490,000.)

     EXECUTED this 10th day of March, 2011.

	 	 	 	 	 
	 	CLEARWIRE CORPORATION

 	 
	 	By:  	/s/ Erik E. Prusch
 	 
	 	 	 	 
	 	 	 	 

 

 

	 	 	 	 	 

CONSENT TO AMENDMENT

     The undersigned Participant in the Clearwire Corporation 2010 Executive Continuity Plan (the
2010 Plan), consents to the Amendment to the 2010 Plan adopted effective                     , 2011 as
attached hereto, including the provisions amending Section 11.1 of the 2010 Plan, and agrees to be
bound by the Amendment.

	 	 	 	 	 
	DATED _____________
 	Participant:

 	 
	 	  	 	 
	 	 	Print Name:

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