Document:

KWK 10-Q 2013.09.30 EX10.1

Exhibit 10.1
[Quicksilver Resources Inc. Letterhead]

July 15, 2013

John C. Regan
4429 Cumberland Road N
Fort Worth, TX 76116
Dear John:
Effective July 15, 2013, Quicksilver Resources is pleased to offer you a retention bonus with an aggregate value of $495,000 to be awarded in the form of cash and a restricted stock grant of Quicksilver Resources stock in appreciation of your efforts on behalf of the Company.  The cash will vest and be paid and the restricted stock will vest (in each case, less applicable required taxes and authorized deductions) per the following schedule:
    
	
								
	Vesting Date
	 
	Cash
	 
	Restricted Stock
	

	July 15, 2014
	 
	$
	123,750
	

	 
	 

	July 15, 2015
	 
	$
	123,750
	

	 
	 

	July 15, 2016
	 
	 
	 
	150,000
	

To become vested in an installment of the retention bonus you must be an active, regular full-time employee in good standing and remain in continuous employment of the Company or one of its subsidiaries, or any successor thereof, from the date of this letter agreement through the applicable installment payment/vesting date.
In the event that your employment ceases on or before an installment payment/vesting date because of (i) termination through no fault of your own as a result of a reduction in force, or (ii) an Involuntary Termination as defined in the Quicksilver Resources Inc. Amended and Restated Executive Change in Control Retention Incentive Plan, the unpaid/unvested installments will be paid/vested within 60 days of the date of your termination and subject to your execution and non-revocation during such period of a release agreement satisfactory to the Company; provided that, in the case of any cash payment that could be paid during a period that begins in one taxable year and ends in the subsequent taxable year, it will be paid in the subsequent taxable year, to the extent required to avoid the additional tax imposed pursuant to Section 409A of the Internal Revenue Code.

The retention bonus will not affect any annual merit increase or the award or amount of any annual bonus or long–term incentive to which you may be entitled to receive pursuant to applicable bonus or equity plans that are approved from time to time by the Company.

This letter agreement (together with, as applicable, any document that evidences the award of your restricted stock) is the entire agreement between the parties and any amendments or revisions of this agreement must be in writing and signed by both parties.  This letter agreement does not constitute an employment agreement and shall not be construed to change the at-will-employment terms under which you are employed.

Please indicate your acceptance of this agreement by signing the attached duplicate copy of this agreement and return it to the Human Resources Department in Fort Worth, Attn: Anne Self, no later than July 22, 2013.
Thank you for your loyalty to and efforts on behalf of Quicksilver.
Sincerely,

/s/ Glenn Darden

Glenn Darden
President/CEO
	
	
	 

	 

I have read and understand the contents of this retention agreement.  I accept the provisions of the agreement as set forth above.

  /s/ John C. Regan                  7/17/13        
John C. Regan                    DateKWK 10-Q 2013.09.30 EX10.2

Exhibit 10.2
[Quicksilver Resources Inc. Letterhead]

July 15, 2013

Stan G. Page
6804 Whittier Lane
Colleyville, TX 76034
Dear Stan:
Effective July 15, 2013, Quicksilver Resources is pleased to offer you a retention bonus with an aggregate value of $488,250 to be awarded in the form of cash and a restricted stock grant of Quicksilver Resources stock in appreciation of your efforts on behalf of the Company.  The cash will vest and be paid and the restricted stock will vest (in each case, less applicable required taxes and authorized deductions) per the following schedule:

	
								
	Vesting Date
	 
	Cash
	 
	Restricted Stock
	

	July 15, 2014
	 
	$
	122,063
	

	 
	 

	July 15, 2015
	 
	$
	122,063
	

	 
	 

	July 15, 2016
	 
	 
	 
	147,955
	

To become vested in an installment of the retention bonus you must be an active, regular full-time employee in good standing and remain in continuous employment of the Company or one of its subsidiaries, or any successor thereof, from the date of this letter agreement through the applicable installment payment/vesting date.
In the event that your employment ceases on or before an installment payment/vesting date because of (i) termination through no fault of your own as a result of a reduction in force, or (ii) an Involuntary Termination as defined in the Quicksilver Resources Inc. Amended and Restated Executive Change in Control Retention Incentive Plan, the unpaid/unvested installments will be paid/vested within 60 days of the date of your termination and subject to your execution and non-revocation during such period of a release agreement satisfactory to the Company; provided that, in the case of any cash payment that could be paid during a period that begins in one taxable year and ends in the subsequent taxable year, it will be paid in the subsequent taxable year, to the extent required to avoid the additional tax imposed pursuant to Section 409A of the Internal Revenue Code.

The retention bonus will not affect any annual merit increase or the award or amount of any annual bonus or long–term incentive to which you may be entitled to receive pursuant to applicable bonus or equity plans that are approved from time to time by the Company.

This letter agreement (together with, as applicable, any document that evidences the award of your restricted stock) is the entire agreement between the parties and any amendments or revisions of this agreement must be in writing and signed by both parties.  This letter agreement does not constitute an employment agreement and shall not be construed to change the at-will-employment terms under which you are employed.  

Please indicate your acceptance of this agreement by signing the attached duplicate copy of this agreement and return it to the Human Resources Department in Fort Worth, Attn: Anne Self, no later than July 22, 2013.
Thank you for your loyalty to and efforts on behalf of Quicksilver.    
Sincerely,

/s/ Glenn Darden

Glenn Darden
President/CEO
	
	
	 

	 

I have read and understand the contents of this retention agreement.  I accept the provisions of the agreement as set forth above.

  /s/ Stan G. Page                  7-19-13        
Stan G. Page                    DateCVG 9.30.2013 EX 10.1

AMENDMENT TO 
CONVERGYS CORPORATION 
EXECUTIVE DEFERRED COMPENSATION PLAN
The Convergys Corporation Executive Deferred Compensation Plan (the "Plan") is hereby amended in the following respects:
1.    Section 1.4 of the Plan is amended and restated in its entirety to read as follows:
1.4    Subject to the provisions of this subsection 1.4, no new deferral elections will be permitted for the period beginning January 1, 2011.  Deferral elections made prior to January 1, 2011 shall remain in effect and to the extent not already applied will be applied to Basic Salary to which such elections apply by their terms.  Elections to defer Basic Salary and Annual Cash Incentive Awards earned on or after January 1, 2014 may be made under the Plan.
2.    Section 4.2(b) of the Plan is amended and restated in its entirety to read as follows:
(b)    Amount of Company Match for Basic Salary and Annual Cash Incentive Award Deferrals When Deferral Date Occurs On or After January 1, 2014.  The Company match to be credited to a Key Employee’s Account by reason of any Basic Salary and Annual Cash Incentive Award deferrals made with respect to any deferral date that occurs on or after January 1, 2014 shall be the lessor of:
(1)    the result obtained (not less than zero) by subtracting the Key Employee’s Maximum 401(m) Match for such deferral date from 3% of the Key Employee’s Total Compensation for such deferral date, plus 50% of the next 2% of the Key Employee’s Total Compensation for such deferral date; or
(2)    100% of the first 3% of the amount of the Basic Salary and Annual Cash Incentive Award deferred by the Key Employee plus 50% of the next 2% of the amount of the Basic Salary and Annual Cash Incentive Award deferred by the Key Employee, pursuant to the Plan as of such deferral date.  
3.    The first paragraph of Section 6.1(a)(1) of the Plan is amended and restated to read as follows:
(1)    Subject to such administrative rules as the Committee may prescribe, the Participant may elect that the date as of which the subject deferred amounts shall commence to be paid (for purposes of this subsection 6.1, the ‘subject deferred amounts’ “commencement date”) 

shall be (i) the first day of any month that begins after the Participant’s Date of Separation (but not later than the first day of the first month that begins after the tenth anniversary of the Participant’s Date of Separation) (“Separation Commencement Date”), or (ii) the first business day of March of any calender year, which year must be at least two years after the year in which the deferral election is made (“Date Certain Commencement Date”); provided however that if the Participant has specified a payment date pursuant to clause (ii) and his or her Date of Separation occurs prior to such specified payment date, distribution of such amount shall be made on the first day of the month next following the Participant’s Date of Separation.
4.    Section 6.1(a)(1)(A) of the Plan is amended by adding the following to the end thereof:
(A)    Notwithstanding the forgoing, if the Participant is a Specified Employee on the Participant’s Date of Separation as determined under the provisions of paragraph (d) of this subsection 6.1, and if he or she elects as the subject deferred amounts’ commencement date any date that is earlier than the date immediately following the date which is six months after his or her Date of Separation, then (i) with respect to amounts deferred prior to 2011, any payments that are scheduled to be paid during the first six months following the Participant’s Date of Separation, shall be delayed and paid in one lump sum payment immediately following the six month anniversary of the Participant’s Date of Separation and (ii) with respect to amounts deferred after 2013, the commencement date elected by the Participant shall not apply and instead the commencement date shall be the first day of the month following the six month anniversary of the Participant’s Date of Separation.

5.    Section 6.1(a)(2) of the Plan is amended by adding the following to the end thereof:
(C)    Notwithstanding any of the foregoing provisions of this subsection 6.1(a)(2) to the contrary, the Participant shall not be permitted to elect to receive any amounts attributable to deferrals on or after January 1, 2014 in the form of monthly payments over two to 120 months.
(D)    Notwithstanding any of the foregoing provisions of this subsection 6.1(a)(2) to the contrary, in the event the Participant elects a Date Certain Commencement Date pursuant to the provisions of Section 6.1(a)(1)(ii), payment shall be made in the form of one lump sum payment of the subject deferred amounts as of such date.
6.    The last paragraph of Section 6.1(a) of the Plan (following Section 6.1(a)(3)(B)) is amended to add the following to the end thereof:

The provisions of the preceding sentence shall not apply with respect to installment payment elections applicable to deferrals on or after January 1, 2014.  Further the election option described in this clause (B) of subsection (3) shall not apply with respect to deferrals on or after January 1, 2014.  In the event a Participant’s Account balance as of his or her Date of Separation is $50,000 or less, notwithstanding any other provision of the Plan or Participant election to the contrary, such Participant’s deferrals on and after January 1, 2014 shall be paid in the form of one lump sum payment.

IN ORDER TO ADOPT THIS PLAN AMENDMENT, Convergys Corporation, the Sponsor of the Plan, has caused its name to be subscribed to this Plan amendment.

CONVERGYS CORPORATION 

By:    /s/Andrea Ayers            
Title: President and Chief Executive Officer    
Date:                        
915262.3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]