Document:

Employment Agreement - Kerry A. Shiba

 Exhibit 10.2 
  

					
	

	 	 Remy International, Inc.
 2902
Enterprise Drive • Anderson, Indiana 46013 USA
	 	
	 	 	765-778-6499
		 		 	Fax 765-778-6404

 May 5, 2006 
 Kerry A. Shiba 
 27550 Glenwood Drive 
 Mission Viejo, CA 92692 
 Dear Kerry: 
 On behalf of Remy
International, it is my pleasure to extend this offer of employment. I believe you will be a huge asset and am pleased to offer you the position of Senior Vice President, Chief Financial Officer reporting to me. I look forward to welcoming you as a
Remy employee on Tuesday, May 9, 2006. 
 Our offer includes the following: 
  

	•	 	SALARY: Annualized salary of $375,000 that will be paid on a semi-monthly basis. 

  

	•	 	BENEFITS: You are eligible to be covered by our excellent benefit programs including personal umbrella liability insurance, executive life, executive disability, health,
dental, prescription drug, vision, 401K, pension plan, paid holidays, and vacation days. Information regarding your benefits will be discussed during your benefit orientation. The Benefits Department will contact you after your start date to
schedule a time to meet with you regarding your benefit eligibility and enrollment. You should be aware that our benefits programs are under review to ensure our competitiveness. 

  

	•	 	BONUS PROGRAM: You are eligible to participate in our Executive Bonus Program with a target bonus of 60% of base annual salary. The first year bonus will be paid based on
nine (9) months of service. 

  

	•	 	SIGN-ON BONUS: We are offering you a sign-on bonus of $25,000, which is payable on your first paycheck and subject to all federal, state, and local taxes. Should you decide
to leave Remy within your first year of employment, you will be required to repay a pro-rated share of your sign-on bonus. 

  

	•	 	RELOCATION: To assist you with your move, we are offering you a relocation package including up to six (6) months of temporary housing. Detailed information regarding
your relocation package will be forthcoming in a separate package. You will be contacted by a representative of Lexcion Group to coordinate your move. Additionally, should you decide to leave Remy International within eighteen (18) months of
your start date, you will be required to repay Remy International for cost including but not limited to, the full cost of your relocation. 

  

	•	 	VACATION: You will be eligible for 3 weeks vacation, 8 paid holidays and 4 floating holidays for the 2006-year. 

  

	•	 	SEVERANCE: After completion of six (6) months of employment and upon your resignation for “Good Reason” (as defined in Appendix A) or termination by
Remy without “Cause” (as defined in Appendix A) you will receive an amount equal to the sum of 12 months base salary and earned bonus subject to required withholding. This amount is payable over a twelve (12) month period in
equal semi-monthly installments. 

 Kerry A. Shiba 
 Page 2 
  

	•	 	SUCCESS PAYMENT: Upon the occurrence of a Corporate Transaction (as defined in Appendix A), you will be entitled, if you are employed by Remy on the date of such occurrence,
to receive from Remy, as additional compensation, a transaction success payment (the “Success Payment”), as follows; 

 (a) up to an amount equal to 2% of total Net Proceeds (as defined in Appendix A) above $9,000,000; and 
 (b) an amount equal to 50%
of the Net Proceeds in excess of $4,000,000 to $8,000,000. 
 Please note that our offer is contingent upon the following:

  

	1.	Successful completion and passing of a drug screen. The drug screen should be completed prior to your first day. The enclosed yellow sheet details the process and how to find a
location. Please contact Kelly Witter 765-778-5948 with any questions. 

  

	2.	Successful verification of your U.S. citizenship and/or approved employment eligibility in the United States (See I-9 form). Your I9 documentation will be verified on your first
day. 

  

	3.	Successful completion of a reference, background, and criminal check. 

 We
would like to welcome you to Remy International. We look forward to you joining our team and sincerely hope that you will accept this offer of employment. Please indicate your acceptance to our offer by signing below and returning the offer within
five business days. You will need to come to our Corporate Headquarters Building at 8:15 AM on your first day to complete your HR paperwork, which is attached to the enclosed pink checklist. If you have any questions, do not hesitate to contact us.

  

					
	Sincerely,	  		  	Acceptance:
			
	 /S/ John H. Weber
	  		  	 /S/ Kerry A. Shiba

	John H. Weber	  		  	
	President and	  		  	Date: May 9, 2006
	Chief Executive Officer	  		  	

 Enclosures 

 Appendix A 
 “Good Reason” means and will be deemed to exist if, without your consent, (a) you suffer a material diminution in your duties, responsibilities or effective authority or any adverse changes in your titles or positions,
(b) You suffer a reduction of your “Base Salary” or target bonus opportunity below that which is set forth in this Offer Letter; or (c) Remy fails to pay you any earned compensation or to provide your vested benefits when due and
payable and which is not cured within a reasonable period of time after receipt of notice, or (d) if your work location is relocated more than 25 miles. 
 “Cause” means (a) you engage in gross misconduct or gross negligence in the performance of your duties for Remy or any of its subsidiaries, (b) you embezzle assets of Remy or any of its subsidiaries, (c) you are
convicted (including a plea of guilty or nolo contendere) of a felony involving moral turpitude, or (d) your breach of any restrictive covenant set forth in the Offer Letter. 
 “Corporate Transaction” means the direct or indirect sale or other disposition for value (to an entity or person unrelated or unaffiliated with Remy or Citicorp) of the equity interests in Remy or the assets
of Remy. 
 “Net Proceeds” means the fair value of the aggregate and cumulative consideration received, less the aggregate of any transaction costs
of any kind borne directly or indirectly by Remy or the Remy equity interest holders, and actually paid or distributed to the Remy equity interest holders in connection with an Corporate Transaction.Offer letter between the Company and Mr. Andrew L. Guggenhime

 Exhibit 10.1 
 February 3, 2006 
 Andrew L. Guggenhime 
 [*] 
 [*]

 Dear Andrew: 
 On behalf of
Protein Design Labs, Inc., I am pleased to extend you an offer for the position of Senior Vice President and Chief financial Officer, reporting to Mark McDade, CEO. Your appointment as an officer of PDL is subject to approval by PDL’s Board of
Directors. The compensation package described below is contingent upon formal approval by PDL’s Compensation Committee. 
 The salary for this position
is $305,000.00 annually. We offer our employees an attractive benefits package, including a comprehensive medical policy and dental plan, as well as life insurance coverage. You are also eligible to participate in PDL’s 2006 performance bonus
program (payable in 2007), with an annual target bonus of 37.5%. 
 You will also receive options to purchase 65,000 shares of Protein Design Labs Common
Stock under a PDL stock option plan. The options will vest over four years, with one-fourth of the options vesting after one year of employment and the remainder vesting in equal monthly increments over the remaining three years. In addition, you
will receive 7,500 shares of restricted stock, which vest annually over four years. This offer is subject to the approval of the Board of Directors and your execution of our standard Stock Option Agreement. 
 PDL is prepared to offer you a hiring bonus of $20,000.00. The bonus amount shall be payable and included with your first paycheck from PDL. If you voluntarily resign
your position or your employment is terminated for cause prior to your one-year anniversary with PDL, the entire $20,000.00 will be immediately due and payable to PDL. If you voluntarily resign your position or your employment is terminated for
cause after your one-year anniversary but prior to your two-year anniversary with PDL, $10,000 will be immediately due and payable to PDL. 
 For purposes of
federal immigration law, you will be required to provide PDL documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of
hire. 

 Page Two 
 February 3, 2006 
 As a Protein Design
Labs employee, you are free to resign at any time, just as Protein Design Labs is free to terminate your employment at any time, with or without cause. There will be no express or implied agreements to the contrary. 
 To indicate your acceptance of our offer, please sign and date one copy of this letter in the space provided below and return it to Laurie Torres, in the enclosed
envelope. This letter, along with an agreement relating to proprietary rights between you and PDL, sets forth the terms of your employment with PDL and supersedes any prior representations or agreements, whether written or oral. This letter may not
be modified or amended except by a written agreement, signed by PDL and by you. 
 We are very excited at the prospect of your joining Protein Design Labs as
a key contributor and look forward to seeing you on your first day of employment, April 3, 2006. 
 Sincerely,

  

					
	 /s/ Mark McDade
	 		 	 /s/ Andrew Guggenhime

	Mark McDade	 		 	Andrew Guggenhime
	CEO, Protein Design Labs	 		 	
		 		 	 March 7, 2006

		 		 	        DateAmendment Number 6

 EXHIBIT 10.3 
 Amendment Number 6 
 to the 
 Managed Operations Services Agreement 
 This Amendment Number 6 to the Managed Operations
Services Agreement (this “Amendment”), is made by and between Franklin Templeton Companies, LLC, a Delaware Limited Liability Company, having a place of business at One Franklin Parkway, San Mateo, CA, 94403 (“Franklin”) and
International Business Machines Corporation, having place of business at Route 100, Somers, NY, 10589 (“IBM”) (collectively referred to herein as the “Parties”). This Amendment is entered into on this 6th day of March, 2006. This Amendment amends the Managed Operations Services Agreement, dated February 6, 2001, between
Franklin and IBM as modified or amended prior to the date hereof including any schedules, supplements, exhibits and attachments thereto (the “Agreement”). Capitalized terms used but not defined herein shall have their respective meanings
as defined in the Agreement. In the event of any inconsistency between the terms of the Agreement and the terms of this Amendment, the terms of this Amendment shall prevail. All terms and conditions of the Agreement not specifically amended or
supplemented herein, shall remain unchanged and in full force and effect. 
 Unless otherwise stated herein, this Amendment shall be effective July 1,
2003 (the “Amendment 6 Effective Date”) and shall run concurrently with the Term of the Agreement. 
 The affected
and changed sections and Schedules of the Agreement are as indicated below. 
  

	I.	The Agreement: 

 A.) The table in Section 27.k is
hereby deleted in its entirety and replaced with the following: 
  

			
	 To IBM:
  
 International Business Machines Corporation
 425 Market Street, 20th Floor
 San Francisco, CA 94105
 Attention: IBM Project Executive (Shirley
Reilich)
	 	 To Franklin:
  
 Franklin Templeton Companies, LLC
 One Franklin Parkway
 San Mateo, CA, 94403
 Attention: Jennifer J. Bolt, Executive Vice President

		
	 With a copy to:
  
 International Business Machines Corporation
 Route 100
 Somers, NY, 10589
 Attention: IBM General Counsel
	 	 With a copy, at the same address, to:
  
 Attention: Christiana Khostovan, Senior Corporate Counsel

  

			
	IBM / FRANKLIN CONFIDENTIAL	  	Page 1 of 6
	AMENDMENT 6 01-04-2006 FINAL-FINAL.doc	  	Amendment Number 6

	II.	The Schedules: 

 A.) Revision 1 to Schedule A
(Services) is hereby amended as follows: 
  

	 	1)	The table in Section III shall be modified as follows: 

  

			
	 	 	 Service Hours

	Mainframe, DEC and iSeries (AS/400)	 	Twenty-four (24) hours/day, seven (7) days/week, 365 days/year including Holidays, provided that critical applications (which when used in this table shall mean those critical applications as
defined by Franklin) reside on either the Mainframe, DEC or iSeries (AS/400) systems. Otherwise twelve (12) hours/day (6am-6pm US Mountain Time), Monday-Friday, excluding Holidays.
		
	Critical Images and Standard Images	 	Twenty-four (24) hours/day, seven (7) days/week, 365 days/year
		
	Prime-Time Standard Images	 	Twelve (12) hours/day (6am-6pm US Mountain Time), Monday-Friday, excluding Holidays.
		
	Prime-Time Basic Images	 	Twelve (12) hours/day (6am-6pm US Mountain Time), Monday-Friday, excluding Holidays.
		
	EMEA Prime-Time Standard Images	 	Twelve (12) hours/day, (one mutually agreed 12 hour block for all EMEA regions applicable to EMEA Prime-Time Standard Images and EMEA Prime-Time Basic Images), Monday-Friday, excluding
Holidays
		
	EMEA Prime-Time Basic Images	 	Twelve (12) hours/day, (one mutually agreed 12 hour block for all EMEA regions applicable to EMEA Prime-Time Standard Images and EMEA Prime-Time Basic Images), Monday-Friday, excluding
Holidays
		
	Asia Prime-Time Standard Images	 	Twelve (12) hours/day, (one mutually agreed 12 hour block for all Asia regions applicable to Asia Prime-Time Standard Images and Asia Prime-Time Basic Images), Monday-Friday, excluding
Holidays
		
	Asia Prime-Time Basic Images	 	Twelve (12) hours/day, (one mutually agreed 12 hour block for all Asia regions applicable to Asia Prime-Time Standard Images and Asia Prime-Time Basic Images), Monday-Friday, excluding
Holidays

  

			
	IBM / FRANKLIN CONFIDENTIAL	  	Page 2 of 6
	AMENDMENT 6 01-04-2006 FINAL-FINAL.doc	  	Amendment Number 6

			
		
	Change Management, and backup and recovery services (for all tiers)	 	Twenty-four (24) hours/day, seven (7) days/week, 365 days/year
		
	all other Services	 	Twelve (12) hours/day (6am-6pm US Mountain Time), Monday-Friday, excluding Holidays.

  

	 	2)	Section V.4.3a.4 is hereby deleted in its entirety and replaced with the following: 

 Operate the Franklin mail application in accordance with the Procedures Manual until September 30, 2003. 
 B.) Revision 2 to Schedule B (Service Levels) is hereby amended as follows: 
  

	 	1)	Section 2.0.q – Definition of “Minimum Service Level or MSL” – shall be deleted in its entirety and replaced with the following:

 Minimum Service Level or MSL means a failure to meet the Mainframe Processing Unit Availability
Minimum Service Level or Critical Server Availability Minimum Service Level as further described in Section 6.0 (b) (6) of this Schedule. 
  

	 	2)	Section 7.0.e is hereby deleted in its entirety and replaced with the following: 

 [Intentionally Left Blank] 
  

	 	3)	The last six rows in Table 3.4 of Exhibit B-1 to Revision 2 to Schedule B shall be modified as follows: 

  

					
	 Severity Level 3
	  		  	
			
	Mainframe and Other Server Recovery	  	95% within 3 business days (i.e. Monday – Friday, excluding Holidays)	  	TBD %
			
	Critical Image Recovery	  	95% within 3 business days (i.e. Monday – Friday, excluding Holidays)	  	TBD %
			
	Standard Image Recovery	  	95% within 3 business days (i.e. Monday – Friday, excluding Holidays)	  	TBD %
			
	Prime-Time Standard Image Recovery	  	95% within 5 business days (i.e. Monday – Friday, excluding Holidays)	  	TBD %
			
	Prime-Time Basic Image Recovery	  	95% within 5 business days (i.e. Monday – Friday, excluding Holidays)	  	TBD %

 C.) Revision 2 to Schedule C (Charges) is hereby amended as follows: 
  

	 	1)	Add the following as Section 2.0ggg: 

 “Network Monitoring Devices” shall have the meaning specified in Section 5.9(a) of this Schedule. 
  

	 	2)	Section 5.2.a.1 is hereby deleted in its entirety and replaced with the following: 

 Host CPU resource usage will be measured during Prime Time and Nonprime Time hours and will include all components of Host CPU time (including systems
overhead) logged through System Management Facilities (SMF) Type 70 for MVS, or other mutually agreeable substitute. 
  

			
	IBM / FRANKLIN CONFIDENTIAL	  	Page 3 of 6
	AMENDMENT 6 01-04-2006 FINAL-FINAL.doc	  	Amendment Number 6

	 	3)	Section 5.5a is hereby deleted in its entirety and replaced with the following: 

 Resource Usage in this category will be measured monthly as the total number of IBM full time equivalents supporting Production Control Services, as
described in Schedule A and set forth in Revision 1 to Exhibit C-1. 
  

	 	4)	Add the following as Section 5.8: 

  

	 	5.8	MQ Series 

  

	 	(a)	Resource Usage for this category will be measured monthly as the total number of MQ Series Queue Managers managed by IBM on In-Scope servers. 

  

	 	(b)	The Baseline for this resource category is set forth in Exhibit C-1. 

  

	 	(c)	One MQ Series Queue Manager equals one RU. 

  

	 	(d)	The MQ Series Baseline set forth in Exhibit C-1 reflects the agreed quantity of MQ Series Resource Units included in the ASC. 

  

	 	(e)	ARCs and RRCs apply to this resource category beginning on the Amended Commencement Date. 

  

	 	5)	Add the following as Section 5.9: 

  

	 	5.9	Network Monitoring Devices 

  

	 	(a)	Resource Usage for this category will be measured monthly as the aggregate number of monitored network devices, which includes routers, switches, hubs, circuits and infrastructure
required to connect systems from the server NIC to the WAN (the “Network Monitoring Devices”). 

  

	 	(b)	The Baseline for this resource category is set forth in Exhibit C-1. 

  

	 	(c)	One Network Monitoring Devices equals one RU. 

  

	 	(d)	The Network Monitoring Devices Baseline set forth in Exhibit C-1 reflects the agreed quantity of Network Monitoring Devices Resource Units included the ASC.

  

	 	(e)	ARCs and RRCs apply to this resource category beginning on the Amended Commencement Date. 

  

	 	6)	Add the following as Section 5.10: 

  

	 	5.10	Network Monitoring IMAC 

  

	 	(a)	Resource Usage for this category will be measured monthly as the total number of logical Installs, Moves, Adds, or Changes to the Network Monitoring Devices.

  

	 	(b)	The Baseline for this resource category is set forth in Exhibit C-1. 

  

	 	(c)	One Network Monitoring IMAC equals one RU. 

  

	 	(d)	The Network Monitoring IMAC Baseline set forth in Exhibit C-1 reflects the agreed quantity of Network Monitoring IMAC Resource Units included in the ASC. 

 

			
	IBM / FRANKLIN CONFIDENTIAL	  	Page 4 of 6
	AMENDMENT 6 01-04-2006 FINAL-FINAL.doc	  	Amendment Number 6

	 	7)	Section 6.1 (f) One Time Incremental Asset Charge ( as described on page 20 of Revision 2 to Schedule C of the Agreement) 

 “The One-Time Incremental Asset Charge will be invoiced at the time of installation of the incremental assets” is deleted in its entirety and
replaced with the following: 
 “The One-Time Incremental Asset Charge will be invoiced quarterly in alignment with the ARC/RRC quarterly
invoice process.” 
  

	 	8)	The following sentence shall be added to as item 10.1.e: 

 IBM shall provide to Franklin a one-time credit in amount of $18,102 to be applied to the first monthly invoice following the Amendment 6 Effective Date. 
  

	 	9)	Section 6.1 (f)(ii) and (iii): References to “Increased Asset Charges” shall be changed to “Incremental Asset Charges”. 

  

	 	10)	Section 5.2 (d)(3) is deleted in its entirety and replaced with the following: 

 “One page per month equals one RU”. 
  

	 	11)	Section 5.4 (d) and (e): References to “terabyte” shall be replaced with “gigabyte”. 

  

	 	12)	Section 5.6 (c) is deleted in its entirety and replaced with the following: 

 “IBM will track and report on Production Lock Down resource capacity and utilization as part of monthly reporting.” 
  

	 	13)	Section 6.1 (h)(1) is deleted in its entirety and replaced with the following: 

 1. 14 days (except for refreshed images which shall be 30 days beginning on the date Amendment 6 is executed by both Parties and ending on the one year
anniversary of such execution) after the later of (i) the RFS/ARC planned Operational date or (ii) the actual operational date of the hardware unless 
  

	 	14)	Exhibit C-1 to Schedule C is hereby deleted in its entirety and replaced with Revision 1 to Exhibit C-1 which is attached hereto. 

  

	 	15)	Exhibit C-2 is hereby added to the Agreement and attached hereto. 

 D.) Revision 1 to Schedule E (Projects) is hereby amended as follows: 
  

	 	1)	Section 8.0.c of Revision 1 to Schedule E shall be deleted in its entirety and replaced with the following paragraph: 

 Unless otherwise agreed by the parties, Project hours will be allocable annually in four equal parts during the respective calendar quarters. Thus,
subject to the other provisions set forth herein (assuming the yearly allocation to be 18,000) 4,500 hours will be available for Franklin’s use on Projects during each calendar quarter. Should Franklin desire a different allocation of the
annual Project hour allocation, it may so request and IBM will make diligent efforts to accommodate the request. Should Franklin not utilize the entire Hours Pool during a calendar year, up to 1500 unused hours from the previous calendar year
(excluding hours carried over to the previous year per this provision) may be utilized during the first month 

  

			
	IBM / FRANKLIN CONFIDENTIAL	  	Page 5 of 6
	AMENDMENT 6 01-04-2006 FINAL-FINAL.doc	  	Amendment Number 6

 
following the applicable calendar year. Hours for this first month following the applicable calendar year will be expended following a first in, first out
methodology. 
 E.) Schedule F (Software) is hereby amended as follows: 
 “Schedule F” including Supplement F-1 to Schedule F is deleted in its entirety and replaced with “Revision 1 to Schedule F” which is attached hereto. 
 F.) Schedule G (Machines) is hereby amended as follows: 
 “Schedule G” including Supplement G-1 to Schedule G is deleted in its entirety and replaced with “Revision 1 to Schedule G” which is attached hereto. 
 G.) Schedule I (Facilities) is hereby amended as follows: 
 “Schedule I” including
Supplement I-1 to Schedule I is deleted in its entirety and replaced with “Revision 1 to Schedule I” which is attached hereto. 
 H. ) Revision
1 to Schedule M (Business Recovery Services) is hereby amended as follows: 
  

	 	1.	“Exhibit M-1” is deleted in its entirety and replaced with “Revision 1 to Exhibit M-1” which is attached hereto. 

  

	 	2.	“Exhibit M-2” is deleted in its entirety and replaced with “Revision 1 to Exhibit M-2” which is attached hereto. 

 THE PARTIES ACKNOWLEDGE THAT THEY HAVE READ THIS AMENDMENT, UNDERSTAND IT, AND AGREE TO BE BOUND BY ITS TERMS AND CONDITIONS. FURTHER, THE PARTIES AGREE THAT THE
COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN THE PARTIES RELATING TO THIS SUBJECT SHALL CONSIST OF 1) THIS AMENDMENT, 2) THE SCHEDULES AND SUPPLEMENTS TO THE SCHEDULES, AND 3) THE AGREEMENT, DATED FEBRUARY 6, 2001, AS PREVIOUSLY
AMENDED. FRANKLIN’S APPROVAL OF THIS AMENDMENT SHALL BE CONSIDERED ACCEPTANCE BY FRANKLIN OF IBM’S PROVISION OF THE SERVICES FOR THE CORRESPONDING CHARGES SPECIFIED IN THE AGREEMENT, AS AMENDED. THIS STATEMENT OF THE AMENDMENT SUPERSEDES
ALL PROPOSALS OR OTHER PRIOR AGREEMENTS, ORAL OR WRITTEN, AND ALL OTHER COMMUNICATIONS BETWEEN THE PARTIES RELATING TO THE SUBJECT MATTER DESCRIBED IN THIS AMENDMENT. 
  

													
	 Accepted by:
	 		 	 Accepted by:

			
	International Business Machines Corporation	 		 	Franklin Templeton Companies, LLC
							
	 By:
	 	 /s/ Shirley S. Reilich
	 		 		 	 By:
	 	 /s/ Jennifer J. Bolt
	 	
	 Authorized Signature
	 		 		 	 Authorized Signature
	 	
					
	 Shirley S. Reilich
	 	 Date  March 9, 2006
	 		 	 Jennifer J. Bolt
	 	 Date   March 6, 2006

	 Name (Type or Print)
	 		 		 	 Name (Type or Print)
	 	
		 		 		 		 		 		 	

  

			
	IBM / FRANKLIN CONFIDENTIAL	  	Page 6 of 6
	AMENDMENT 6 01-04-2006 FINAL-FINAL.doc	  	Amendment Number 6

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