Document:

camdenamendmentto2012equ

   ACTIVE/81250770.1   AMENDMENT   TO   CAMDEN NATIONAL CORPORATION   2012 EQUITY AND INCENTIVE PLAN   A. The Camden National Corporation 2012 Equity and Incentive Plan (the “Plan”), is hereby   amended as follows:   1. Section 20(d)(i) of the Plan is hereby amended by deleting such section in its   entirety and substituting the following in lieu thereof:   “(i)  [intentionally omitted]”   B. Except as otherwise so amended, the Plan is confirmed in all other respects.   C. The effective date of this Amendment is as of March __, 2015.   Executed this [_______] day of March, 2015 by a duly authorized officer of Camden   National Corporation.   CAMDEN NATIONAL CORPORATION   By:camdenamendmenttodeferre

   ACTIVE/80838803.1   AMENDMENT   TO   CAMDEN NATIONAL CORPORATION   EXECUTIVE DEFERRED COMPENSATION PLAN   A. The Camden National Corporation Executive Deferred Compensation Plan (as Amended   and Restated Effective January 1, 2008) (the “Plan”), is hereby amended as follows:   1. The definition of Change of Control set forth Section 2.5 of the Plan is hereby   amended by deleting such definition in its entirety, other than the final paragraph thereof, and   substituting the following in lieu thereof:   “‘Change of Control’ shall have the meaning provided to such term   in the Company’s 2012 Equity and Incentive Plan, as amended   from time to time.”   2. Section 6.5 of the Plan is hereby amended by deleting such section in its entirety   and substituting the following in lieu thereof:   “6.5 Effect of a Change of Control.  If there is a Change of   Control, then, notwithstanding any other provision of this Plan, the   following shall occur:    A Participant shall be one hundred (100) percent vested in   the Participant’s Account if, the Participant incurs a   Termination of Employment either (i) by the Company   without Cause (as defined below) or (ii) by the participant   with Good Reason (as defined below) either (x) within two   (2) years following a Change of Control or (y) within three   (3) months prior to a Change of Control, provided a   definitive agreement with respect to such Change of   Control has been entered into by the parties as of the date   of such Termination of Employment, with such accelerated   vesting effective as of the date of such Termination of   Employment.    The Change of Control itself shall not constitute a   distributable event, except with respect to a special Plan   termination under Section 8.3.     

 

    2   ACTIVE/80838803.1   For purposes of this Section 6.5, the following terms shall have the   following meanings:   ‘Cause’ shall have the meaning provided to such term in the   Company’s 2012 Equity and Incentive Plan, as amended from time   to time.   ‘Good Reason’ shall have the same meaning as in the applicable   Participant’s written employment agreement or change of control   agreement (or similar agreement).  In the absence of such   definition, ‘Good Reason’ shall mean (a) a material diminution in   the Participant’s annual base salary which shall mean a reduction   in the Participant’s salary of at least ten percent (10%); (b) a   material diminution in the Participant’s authority, duties, or   responsibilities; or (c) any other action or inaction that constitutes a   material breach by the Company of the Participant’s employment   arrangement.  The Participant is required to provide notice to the   Company of the condition giving rise to the Good Reason within a   period not to exceed ninety (90) days of the initial existence of the   condition. The Company shall have thirty (30) days from the date   of any notice from the Participant alleging that a Good Reason   condition exists, to remedy the Good Reason condition.  If the   Company fails to remedy the Good Reason condition within thirty   (30) days, the Participant may terminate employment for Good   Reason, unless the Company disagrees that a Good Reason   condition exists.”   3. Section 8.3(ii) of the Plan is hereby amended to insert the following immediately   prior to the period at the end thereof:   “in which case each Participant’s Account shall be one hundred   (100) percent vested immediately prior to such termination”    B. Except as otherwise so amended, the Plan is confirmed in all other respects.   C. The effective date of this Amendment is as of March __, 2015.     

 

    3   ACTIVE/80838803.1   Executed this [_______] day of March, 2015 by a duly authorized officer of Camden   National Corporation.   CAMDEN NATIONAL CORPORATION   By:EXHIBIT 10.1

 

GERON CORPORATION

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

 

ORIGINALLY ADOPTED BY THE BOARD OF DIRECTORS:  MARCH 10, 2014

 

AMENDED BY THE BOARD OF DIRECTORS: FEBRUARY 12, 2015

 

AND MAY 6, 2015

 

Each member of the board of directors (the “Board”) of Geron Corporation (the “Company”) who is not an Employee (as defined in the Geron Corporation 2011 Incentive Award Plan (the “2011 Plan”)) (each, a “Non-Employee Director”) will be eligible to receive cash and equity compensation as set forth in this Geron Corporation Non-Employee Director Compensation Policy (this “Policy”).  The cash and equity compensation described in this Policy will be paid or granted, as applicable, automatically and without further action of the Board to each Non-Employee Director who is eligible to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company.  This Policy will become effective on the date it is approved by the Board (as set forth above).  Capitalized terms not explicitly defined in this Policy but defined in the 2011 Plan will have the same definitions as in the 2011 Plan.

 

1.                                      CASH COMPENSATION.

 

(a)                                 Annual Retainers.  Each Non-Employee Director will be eligible to receive the following annual retainers for service as (i) a member and/or chairperson of the Board and (ii) a member or chairperson of a committee of the Board (“Committee”) set forth below, as applicable.

 

	
Board or Committee
    	
 
    	
Type of Retainer*
    	
 
    	
Amount (Per Year)
    	
 
    
	
Board
    	
 
    	
Chair
    	
 
    	
$
    	
30,000
    	
 
    
	
 
    	
 
    	
Member
    	
 
    	
$
    	
42,500
    	
 
    
	
Audit Committee
    	
 
    	
Chair
    	
 
    	
$
    	
25,000
    	
 
    
	
 
    	
 
    	
Member (Non-Chair)
    	
 
    	
$
    	
12,500
    	
 
    
	
Compensation Committee
    	
 
    	
Chair
    	
 
    	
$
    	
15,000
    	
 
    
	
 
    	
 
    	
Member (Non-Chair)
    	
 
    	
$
    	
7,500
    	
 
    
	
Nominating and Corporate   Governance Committee
    	
 
    	
Chair
    	
 
    	
$
    	
10,000
    	
 
    
	
Member (Non-Chair)
    	
 
    	
$
    	
5,000
    	
 
    

 

*     The chairperson of the Board is eligible to receive a retainer for service as the chairperson and an additional retainer for service as a member of the Board.  The chairperson of each Committee is eligible to receive a retainer for service as the chairperson, but not an additional retainer for service as a member of the Committee.

 

The annual retainers will be paid in arrears in four equal quarterly installments, earned upon the completion of service in each calendar quarter.  Notwithstanding the foregoing, each

 

 

person who is elected or appointed to be a Non-Employee Director or who is appointed to serve on one of the Committees set forth above or as the chairperson of the Board or one of the Committees set forth above, in each case other than on the first day of a calendar quarter, will be eligible to receive a pro rata amount of the annual retainers described above with respect to the calendar quarter in which such person becomes a Non-Employee Director, a member of one of the Committees, or the chairperson of the Board or one of the Committees, as applicable, which pro rata amount reflects a reduction for each day during the calendar quarter prior to the date of such election or appointment.

 

The annual retainers will be paid on a pro-rata basis in arrears after the end of each quarter in the form of cash, or alternatively, at each Non-Employee Director’s election in January each calendar year during an open trading window in the form of fully vested shares of Common Stock issued under the 2011 Plan based on the fair market value of the Common Stock (as determined in accordance with the 2011 Plan) on the date the retainer payment would otherwise have been paid (i.e., the last day of the quarter). An election to be paid in Common Stock will be applied to each quarter’s payment during the calendar year of such election.

 

(b)                                 Expenses.  Each Non-Employee Director will be eligible for reimbursement from the Company for all reasonable out-of-pocket expenses incurred by the Non-Employee Director in connection with his or her attendance at Board and Committee meetings.

 

To the extent that any taxable reimbursements are provided to a Non-Employee Director, they will be provided in accordance with Section 409A of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations and other guidance thereunder and any state law of similar effect, including, but not limited to, the following provisions: (i) the amount of any such expenses eligible for reimbursement during the Non-Employee Director’s taxable year may not affect the expenses eligible for reimbursement in any other taxable year; (ii) the reimbursement of an eligible expense must be made no later than the last day of the Non-Employee Director’s taxable year that immediately follows the taxable year in which the expense was incurred; and (iii) the right to any reimbursement may not be subject to liquidation or exchange for another benefit.

 

2.                                      EQUITY COMPENSATION.  The options described in this Policy will be granted under the 2011 Plan and will be subject to the terms and conditions of the 2011 Plan and the applicable Award Agreements.

 

(a)                                 Initial Grants.  Each person who first becomes a Non-Employee Director, whether through election by the stockholders of the Company or appointment by the Board to fill a vacancy, automatically will be granted a nonqualified stock option to purchase 70,000 shares of Common Stock (a “First Director Option”) on the date of his or her initial election or appointment to be a Non-Employee Director.  For the avoidance of doubt, the Executive Chairman of the Board will not be eligible to receive a First Director Option pursuant to this Section 2(a).

 

(b)                                 Annual Grants.  On the date of each annual meeting of the Company’s stockholders, each person who is then a Non-Employee Director and will be continuing as a Non-Employee Director following the date of such annual meeting (other than any Non-

 

2

 

Employee Director receiving a First Director Option on the date of such annual meeting) automatically will be granted a nonqualified stock option to purchase 35,000 shares of Common Stock (a “Subsequent Director Option”).  For the avoidance of doubt, the Executive Chairman of the Board will not be eligible to receive a Subsequent Director Option pursuant to this Section 2(b).

 

(c)                                  Terms of Options.

 

(i)                                    Exercise Price.  The exercise price of each First Director Option and Subsequent Director Option will be equal to 100% of the fair market value of the Common Stock subject to such option (as determined in accordance with the 2011 Plan) on the date such option is granted.

 

(ii)                                Vesting.  Each First Director Option and Subsequent Director Option will vest and become exercisable as follows:

 

(A)                               Each First Director Option will vest and become exercisable in installments cumulatively as to 33 1/3% of the shares of Common Stock subject to such option on each of the first, second and third anniversaries of the date of grant of such option, subject to the Non-Employee Director’s continuous service with the Company or an Affiliate through such dates.

 

(B)                               Each Subsequent Director Option will vest and become exercisable as to 100% of the shares of Common Stock subject to such option on the earlier of (i) the date of the next annual meeting of the Company’s stockholders (the “Next Annual Meeting”) or (ii) the first anniversary of the date of grant of such option, subject to the Non-Employee Director’s continuous service with the Company or an Affiliate through such dates.  For the sake of clarity, if a Non-Employee Director either (x) does not stand for reelection at the Next Annual Meeting and is a member of the class of directors whose term expires at the Next Annual Meeting or (y) otherwise resigns from the Board effective at or on the date of the Next Annual Meeting and, in either case, the Non-Employee Director’s continuous service terminates at or on the date of the Next Annual Meeting, then such Non-Employee Director’s continuous service shall be deemed to have continued through the date of the Next Annual Meeting for purposes of this Policy.

 

(C)                           Notwithstanding Sections 2(c)(ii)(A) and 2(c)(ii)(B) above, the vesting of a First Director Option and Subsequent Director Option will be subject to (i) full acceleration in the event of a Change in Control and (ii) partial acceleration in the event of the Non-Employee Director’s Termination of Service by reason of the Non-Employee Director’s total and permanent disability (as defined in Section 22(e)(3) of the Code) or death pursuant to, and in accordance with, each Award Agreement.

 

3.                                      TERM OF POLICY.  This Policy shall continue in effect until the expiration of the 2011 Plan; provided, however, that it may be revised or rescinded by action of the Board prior to such date.

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00244-of-00352.parquet"}]]