Document:

First Amendment to Employment Agreement, dated as of June 24, 2008

 Exhibit 10.3 
 

 
 June 24, 2008 
 Mr. John J. Legere 
 Chief Executive Officer 
 Global Crossing Limited 
 200 Park Avenue 
 Florham Park, New Jersey 07932 
 Re: First Amendment to Employment Agreement 
 Dear Mr. Legere: 
 Reference is made to the Employment
Agreement dated as of August 15, 2006 (the “Agreement”) between you and Global Crossing Limited (the “Company”). Capitalized terms used in this letter shall have the respective meanings set forth in the Agreement.

 Effective June 24, 2008, the Agreement is amended as follows: 
  

	 	1.	Section 6(c)(ii) of the Agreement is amended by deleting therefrom the references to “two (2) times the sum of Base Salary plus Annual Bonus” and “for a
period of two (2) years following the date of such termination” and inserting, in lieu thereof, “three (3) times the sum of Base Salary plus Annual Bonus” and “for a period of three (3) years following the date of
such termination,” respectively. 

  

	 	2.	Section 6(c)(iii) of the Agreement is amended by deleting therefrom the references to “one (1) times the sum of Base Salary plus Annual Bonus” and “for a
period of one (1) year following the date of such termination” and inserting, in lieu thereof, “three (3) times the sum of Base Salary plus Annual Bonus” and “for a period of three (3) years following the date of
such termination,” respectively. 

 Except as specifically set forth herein, all provisions of the Agreement shall
continue in full force and effect. 
 Please confirm your agreement to the foregoing by executing this First Amendment in the space indicated
below. 
  

			
	 Very truly yours,

	
	 GLOBAL CROSSING LIMITED

		
	By:	 	 /s/ Neil Barua

	Name:	 	Neil Barua
	Title:	 	Chief Administrative Officer

  

			
	 ACKNOWLEDGED AND AGREED:

	
	 /s/ John J. Legere

	 John J. LegereBase Salaries

 Exhibit 10.6 
 Base Salaries of Named Executive Officers of the Registrant 
 As of July 1, 2008, the following are the base salaries
(on an annual basis) of the named executive officers (as defined in Item 402 (a)(3) of Regulation S-K) of Old Point Financial Corporation: 
  

				
	 Robert F. Shuford
	  	$	300,000
	 Chairman, President & Chief Executive Officer
	  		
	 Old Point Financial Corporation
	  		
		
	 Louis G. Morris
	  	$	250,000
	 Executive Vice President/OPNB
	  		
	 Old Point Financial Corporation
	  		
		
	 Margaret P. Causby
	  	$	150,000
	 Senior Vice President/Risk Management
	  		
	 Old Point Financial Corporation
	  		
		
	 Eugene M. Jordan, II
	  	$	147,000
	 Executive Vice President/Trust
	  		
	 Old Point Financial Corporation
	  		
		
	 Laurie D. Grabow
	  	$	146,000
	 Chief Financial Officer & Senior Vice President/Finance
	  		
	 Old Point Financial CorporationChange in Directors' Compensation

 Exhibit 10.1 
 CHANGE IN DIRECTORS’ COMPENSATION 
 On July 14, 2008, A. O.
Smith Corporation’s Board of Directors, upon recommendation of the Nominating and Governance Committee, changed the compensation payable to non-employee directors, effective immediately, as described below. 
 The annual retainer paid to a director shall be $125,000, of which the cash retainer shall remain unchanged at $35,000 payable quarterly in advance and $90,000 paid in
A. O. Smith Corporation Common Stock; that the board and committees’ meeting fees shall remain unchanged at $1,500 per meeting, with the exception of the Investment Policy Committee meeting fee, which shall remain unchanged at $3,000 per
meeting, $500 for each telephonic meeting, and $1,500 for the new director orientation meeting fee; that the annual retainer for Audit Committee members shall remain unchanged at $5,000 and that the annual retainer for the members of the Investment
Policy Committee, Nominating and Governance Committee and Personnel and Compensation Committee shall remain unchanged at $3,000; and that the annual retainer for the chairpersons of the Audit Committee, Investment Policy Committee, Nominating and
Governance Committee and Personnel and Compensation Committee chairpersons shall be $10,000 each. 
  

 23Employment Letter - Henry R. Nothhaft

 Exhibit 10.1 
 

 
 August 5, 2008 
 Mr. Henry R. Nothhaft 
 14563 Fruitvale Avenue 
 Saratoga, CA 95070 
 Dear Hank: 
 I am
pleased to confirm your position with Tessera, Inc., as President and Chief Executive Officer, reporting to the Board of Directors. You will receive an annual salary of $455,000, which will be paid in accordance with the
Company’s normal payroll procedures. You will also be eligible to receive an MBO bonus of 100% with a maximum potential up to 150% of your base salary paid on an annual basis. This bonus is based on objectives set forth and mutually agreed upon
by you and the Board of Directors. You will also be eligible to receive a pro-rated bonus for 2008 which will be paid in the first quarter of 2009. This bonus will be based on objectives set forth and mutually agreed upon by you and the Board of
Directors and is contingent upon your employment with Tessera. 
 As an employee, you are also eligible to receive certain employee benefits
including Group medical and dental benefits, 401(k) plan as well as other Tessera sponsored benefits. You should note that the Company reserves the right to modify salaries and benefits from time to time as it deems necessary. 
 In addition, the Company’s Board of Directors met on Monday August 4th and approved to have the Company grant you an option to purchase 375,000
shares of the Company’s Common Stock at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Company’s Board of Directors. This option grant is subject to the terms and
conditions of the Company’s Stock Option Plan and Stock Option Agreement, including vesting requirements. 
 In addition at the meeting
referenced above the Company’s Board of Directors also approved a grant of 40,000 shares of the Company’s Restricted Stock at no cost, vesting over a four year period. 

 The Company is excited about your joining and looks forward to a beneficial and fruitful relationship.
Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free
to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two weeks notice. The Change in Control Severance Agreement
to be executed by you and the Company will provide for severance compensation in certain circumstances on the same terms previously approved for the Company’s Chief Executive Officer. In addition, notwithstanding anything to the contrary
contained in this offer letter or in your change in control severance agreement, the provisions of Section 3(c) of that certain Employment Agreement dated as of March 28, 2008 between you and Tessera governing the accelerated vesting of the
stock awards granted to you on March 28th, 2008, shall continue in full force and effect. 
 The Company reserves the right to request an
investigative consumer report, which may include background investigations and/or reference checks, on all of its potential employees. 
 For
purposes of federal immigration law, you will be required to provide to the Company 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, or our employment relationship with you may be terminated. 
 We also ask that, if you have not already done so,
you disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any
such agreements will not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment,
occupation, consulting or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your
obligations to the Company. Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any
such information. 
 As a Company employee, you will be expected to abide by company rules and standards. You will be specifically
required to sign an acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook. As a condition of your employment, you will also be required to sign and comply with
an Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and non-disclosure of
proprietary information. The Agreement also provides that in the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that all such disputes shall be fully and finally resolved by binding
arbitration.  
 This letter, along with any agreements relating to proprietary rights between you and the Company, set forth the
terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a
written agreement signed by the Board of Directors and you. 

 Hank, we look forward to working with you at Tessera. 
 Sincerely, 
 /s/ Bruce McWilliams 

Bruce McWilliams 
 Chairman & CSO

 Agreed to and accepted: 
  

							
	Signature:	 	/s/ Henry R. Nothhaft	 	 	 	 
		 		 		 	

							
				
	Printed Name:	 	Henry R. Nothhaft	 	Date:	 	August 5, 2008

  
 Enclosures: 
 Duplicate Original Letter; Employment, Confidential Information, Invention Assignment and Arbitration Agreement; Change in Control Severance Agreement and Post Offer
Enrollment Form

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