Document:

Exhibit 10.1

EXHIBIT 10.1

Dear Edie:

Congratulations! We are pleased to
extend this job offer to join Real Mex Restaurants. We believe that your
addition to the executive team will be a significant step forward for our
organization resulting in a mutually beneficial relationship that will pay
significant dividends for both parties. This letter summarizes the material
components of your compensation package.

	•	 	
Job Title: Executive Vice President and
Chief Operating Officer.

	•	 	
Salary: Your base salary will be based
on an annualized rate of $300,000 and you will be paid $11,538.46
bi-weekly.

	•	 	
Bonus Eligibility: You will be eligible
for up to 50% of your base salary in bonus annually, based on the terms of the
company’s bonus program. Your bonus for the remainder of 2011 will be
guaranteed and prorated based on your start date. This will provide you with
time to gain familiarity with our organization, your new responsibilities,
management team, and ensure that operational execution is on track so that you
can maximize your future bonus earnings.

	•	 	
Equity: You will be provided with stock
options commensurate with your position, which will provide you with an
opportunity to earn an equity stake in the company, subject to the provisions
of the option agreement. We anticipate finalizing your option grant within the
next week and providing the option agreement to you on your first day of
employment.

	•	 	
Medical Benefits Eligibility: You will
be eligible for enrollment into the Company’s comprehensive medical
insurance programs beginning on the first of the month following your start
date. As part of the senior management team, your insurance premiums for major
medical will be discounted by more than half of what employees normally pay. In
addition, you will be eligible for dental coverage at no cost to you.

	•	 	
Executive Medical: You will be eligible
for reimbursement of up to $3,500 per year for medical expenses not covered by
medical insurance (i.e., co-pays, deductions, and out-of-pocket costs).

	•	 	
Retirement Plans You will be eligible
to participate in the company’s 401K or deferred compensation plan, which
will be explained during your orientation.

	•	 	
Meal Review Card: You will be issued a
Meal Review Card (MRC), which will entitle you to dine at most Company
restaurants. The card should be used for business related meals. In addition,
you will have personal use of the card. Instructions (including restrictions)
will be provided to you.

	•	 	
Vacation: You will begin to earn
vacation time equivalent to three weeks per year on your first day of
employment. After the completion of four years of employment, you will begin
earning four weeks per year.

	•	 	
Automobile Benefit: You will receive
$700/month (prorated and paid on your biweekly paychecks), along with
reimbursement for all gas, repairs/maintenance, toll roads, registration fees,
auto insurance (up to $8500/year). In accordance with IRS regulations, you will
be taxed on all non-business automobile expenses.

	•	 	
Relocation: We will reimburse you for
relocation of your household goods from the Dallas area to Southern California.
Some relocation reimbursements will be subject to payroll taxes in accordance
with IRS rules. You will be required to sign a relocation agreement in which
you promise to repay the company for your moving expenses in the event you
voluntarily resign or your employment is terminated for cause within
18 months of your start date (100% during the first 12 months and 50%
between 12 and 18 months).

 

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	•	 	
Severance Benefits: In the unlikely
event that your employment is terminated by the company without cause,
you will be provided with continuation of salary and medical benefits according
to the following schedule:

	 	•	 	
Termination within 12 months of your
start date: Six months of salary and medical benefits.

	 	•	 	
Termination occurring on or after
12 months of employment: 12 months of salary and medical
benefits.

Please note that
all severance benefits would terminate prior to the schedule above should you
secure new employment prior to the end of the severance period.

The bullet points above summarize
the substantive components of your job offer. By accepting this offer, you
affirm that no other promises have been made to you by any company
employee and that your decision to come to work for Real Mex Restaurants is
based entirely on contents of the offer summarized above. If you have any
questions about this offer or need additional information, please do not
hesitate to contact me at 562-346-1204.

Real Mex Restaurants, Inc. is
committed to an environment of open communication. Occasionally problems arise
in any work place. All employees are encouraged to go to their supervisor or
anyone in the chain of command to help resolve a problem or make a suggestion.
Human Resources is also available to help resolve problems employees may
encounter.

Employees are expected to maintain a
consistent level of performance that supports the Company’s commitment to
a quality dining experience for our guests. In addition, employees are expected
to foster an environment of mutual respect that contributes to a safe and
secure environment for both guests and fellow employees. For these reasons, all
employees are employed on an “at-will” basis. This means that
either you or the Company has the right to terminate employment at any time,
for any reason, with or without prior notice or cause.

Finally, by accepting employment,
you agree that both the Company and you will resolve any disputes that either
has against the other by mediation and binding arbitration, as described in the
employee handbook, and that both you and the Company waive any right to a jury
trial.

Edie, we are delighted at the
prospect of you joining our organization. Please don’t hesitate to
contact me with any questions.

Sincerely,

Steven K. Wallace 

Sr. Vice
President of Human Resources

Please sign below to indicate your
acceptance of this job offer as summarized above.

/s/ Edie
Ames                             

Edie Ames Signature

cc: David Goronkin, CEO

 

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EXHIBIT 10.20

PAYCHEX, INC.

2002 STOCK INCENTIVE PLAN

(as amended and restated effective October 13, 2010)

FORM OF NON-QUALIFIED STOCK OPTION 

AWARD AGREEMENT(Board)

     1. Grant of Option. This Non-Qualified Stock Option Award Agreement (this “Award
Agreement”) sets forth the terms and conditions of the Non-Qualified Stock Option Award (the
“Award”) granted to you by the Board of Directors of Paychex, Inc. (the “Company”) under the
Company’s 2002 Stock Incentive Plan, as amended and restated effective October 13, 2010 (the
“Plan”), as described on your Award Notice. The Award is subject to all of the provisions of the
Plan, which is hereby incorporated by reference and made a part of this Award Agreement. You may
obtain a copy of the Plan from the Office of the Corporate Secretary. The capitalized terms used
in this Award Agreement are defined in the Plan.

     2. Term. Unless the Option is previously terminated pursuant to the terms of this
Award Agreement or the Plan, the Option will expire at the close of business on the “Expiration
Date” set forth in the Award Notice.

     3. Vesting. Subject to the terms set forth in this Award Agreement and the Plan, the
Option will vest and become exercisable on the first anniversary of the Date of Grant. Vesting is
contingent on your continued Board service through the vesting date.

     4. Exercise.

          (a) Method of Exercise. To the extent exercisable under Section 3 of this Award Agreement,
the Option may be exercised in whole or in part, provided that the Option may not be exercised for
less than one share of Common Stock in any single transaction. The Option may be exercised using a
method specified by the Company.

          (b) Payment of Exercise Price. The exercise of the Option is conditioned upon your payment to
the Company of the Exercise Price for the number of shares of Common Stock that you elect to
purchase. The Exercise Price may be paid in cash or by check or by way of a broker-assisted stock
option exercise program, if such a program is made available by the Company at the time of the
exercise of the Option.

          (c) Withholding. The exercise of the Option is conditioned upon your making arrangements
satisfactory to the Company for the payment to the Company of the amount of all taxes required by
any governmental authority to be withheld and paid over by the Company or any Affiliate to the
governmental authority on account of the exercise. The payment of such withholding taxes to the
Company may be made (i) by you in cash or by check, or (ii) by the Company or any Affiliate
withholding such taxes from any other compensation owed to you by the Company or any Affiliate.
Withholding of shares of Common Stock for payment of tax withholdings is not permitted for any
reason.

          (d) Issuance of Shares. Upon determining that compliance with this Award Agreement has
occurred, including compliance with such reasonable requirements as the Company

 

 

may impose pursuant to the Plan or Section 12 of this Award Agreement, the Company shall issue
to you a certificate for the shares of Common Stock purchased on the earliest practicable date (as
determined by the Company) thereafter.

     5. Effect of Death and Disability. In the event of your death or Disability prior to
the complete exercise of the Option, any unvested portion of the Option will vest in full
immediately and the remaining portion of the Option may be exercised in whole or in part, subject
to all of the conditions on exercise imposed by the Plan and this Award Agreement, within three
years after the date of your death or Disability, but only (i) by you, or in the event of your
death, by your estate or the person or persons to whom the Option passes under your will or the
laws of descent and distribution, and (ii) prior to the close of business on the Expiration Date of
the Option.

     6. Effect of Retirement. Upon your Retirement prior to the complete exercise of the
Option, the unvested portion of the Option will be canceled as of your last day of service, and the
remaining portion of the Option may be exercised in whole or in part, subject to all of the
conditions on exercise imposed by the Plan and this Award Agreement, within three years after the
date of such termination, but only (i) to the extent that the Option was vested and exercisable on
the date such termination, and (ii) prior to the close of business on the Expiration Date of the
Option. The term “Retirement” means retirement from the Company at age 55 or later with ten or
more years of service with the Company.

     7. Effect of Other Termination. Upon your termination of Board service for a reason
other than death, Disability or Retirement prior to the complete exercise of the Option, the
unvested portion of the Option will be canceled as of your last day of Board service, and the
remaining portion of the Option may be exercised in whole or in part, subject to all of the
conditions on exercise imposed by the Plan and this Award Agreement, within one year after the date
of such termination, but only (i) to the extent that the Option was vested and exercisable on the
date of such termination, and (ii) prior to the close of business on the Expiration Date of the
Option. Notwithstanding the foregoing, if your service is terminated by reason of conduct that is
determined by the Committee to have been knowingly fraudulent, deliberately dishonest, disloyal or
willful misconduct, or if you engage in such conduct after termination of your board service, you
will forfeit all rights under the Option, both unvested and vested.

     8. Transfer of Option. Except as otherwise determined by the Committee, the Option
may not be transferred, assigned or pledged (except by will or the laws of descent and
distribution, or pursuant to a domestic relations order) and the Option is only exercisable by you
during your lifetime.

     9. Limitation of Rights. You will not have any rights as a stockholder with respect
to the shares of Common Stock covered by the Option until you become the holder of record of such
shares by exercising the Option. Neither the Plan, the granting of the Option nor this Award
Agreement gives you any right to remain in the service of the Company or any Affiliate.

     10. Rights of Company and Affiliates. This Award Agreement does not affect the right
of the Company or any Affiliate to take any corporate action whatsoever, including without
limitation its right to recapitalize, reorganize or make other changes in its capital structure or
business, merge or consolidate, issue bonds, notes, shares of Common Stock or other securities,

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including preferred stock, or options therefor, dissolve or liquidate, or sell or transfer any part
of its assets or business.

     11. Restrictions on Issuance of Shares. If at any time the Company determines that
the listing, registration or qualification of the shares covered by the Option upon any securities
exchange or under any state or federal law, or the approval of any governmental agency, is
necessary or advisable as a condition to the exercise of the Option, the Option may not be
exercised in whole or in part unless and until such listing, registration, qualification or
approval shall have been effected or obtained free of any conditions not acceptable to the Company.

     12. Plan Controls. The Option is subject to all of the provisions of the Plan, which
is hereby incorporated by reference, and is further subject to all the interpretations, amendments,
rules and regulations that may from time to time be promulgated and adopted by the Committee
pursuant to the Plan. In the event of any conflict among the provisions of the Plan and this Award
Agreement, the provisions of the Plan will be controlling and determinative.

     13. Amendment. Except as otherwise provided by the Plan, the Company may only alter,
amend or terminate the Option with your consent.

     14. Governing Law. This Award Agreement shall be governed by and construed in
accordance with the laws of the State of New York, except as superseded by applicable federal law,
without giving effect to its conflicts of law provisions.

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