Document:

ex10-1_feb2008.htm

EXHIBIT 10.1

    

     

    CASEY
SYSTEMS INC.

     

    

    February
13, 2008

    Mr.
Albert Koenig

    42
Scribner Hill Road

    Wilton,
CT 06897

    

    Re:  Separation Agreement and
General Release

    

    Dear Mr.
Koenig:

    

    This
letter Separation Agreement and Release (“Agreement”) sets forth the terms and
conditions regarding your separation from employment with Casey Systems Inc. and
any of its parents, subsidiaries and affiliates (collectively, the
“Company”).

     

    
      	
              1.  

            	
              Resignation. For purposes of
      this Agreement, the Company agrees to waive the requirement in your
      Employment Agreement, Section 5.5, which requires you to provide three (3)
      months written notice of your resignation and will accept your resignation
      effective February 13, 2008 (the “Resignation Date”).  You
      confirm that you have not incurred any undisclosed debt, liability or
      obligation (collectively, “liability”) on behalf of the
      Company.  You also acknowledge that commencing on the date of
      this letter that you have no authority to waive attorney/client privilege
      on behalf of the Company and you represent that you have not waived or
      attempted to waive such privilege prior to the date of this letter.
      

            

    

     

    
      	
              2.  

            	
              Return
      of Company Property/Return of Personal Property.  You
      represent that as of the date of this Agreement, you have returned to the
      Company or at the Company’s direction, destroyed all property, files, and
      other Company material in your possession and all property made available
      to you in connection with your employment with the Company, including
      without limitation, any and all Company gas cards, EZ passes, access cards
      and codes, keys, safe combinations, security access codes, records,
      customer lists, a PDA Treo, files and any other equipment, papers,
      electronically stored information and documents kept or made by you in
      connection with your employment.  This paragraph shall not apply
      to any such property which is of a non-confidential nature and is specific
      to you as an employee of the Company.  Within a reasonable time
      after the Resignation Date, the Company shall pack all of your personal
      items remaining in the New York and Syosset Offices and ship them to your
      home.  The Company shall also ship such items as may arrive at
      the Company Offices up to three (3) weeks after the Resignation
      Date.

            

    

     

    
      	
              3.  

            	
              Expense
      Reimbursement.  The Company shall pay or reimburse you in
      accordance with the Company’s established guidelines, for all reasonable,
      ordinary and necessary expenses incurred by you in January 2008 in
      connection with services rendered by you for the Company, such
      reimbursement to be paid promptly after the Company receives appropriate
      documentation for such expenses.  The Company will have the
      right to offset against such payments the amount of $9,310.56 for personal
      or undocumented expenses incurred by you and charged to the Company for
      which reconciliation has not been made.  Your signature on this
      Agreement represents your consent to this
  withholding.

            

    

     

    
      	
              4.  

            	
              Vacation
      Payment.  You will also receive a lump sum payment for
      eighteen (18) days of accrued but unused vacation to which you are
      entitled under the Company plan.  Payment for any accrued and
      unused vacation time as of the Resignation Date will be made by the
      Company in your February 14, 2008
      paycheck.  These payments will be made whether you sign this
      Agreement or not.  To the extent that restitution of personal or
      undocumented expenses incurred by you and charged to the Company is not
      satisfied in accordance with Paragraph 3 above, you have requested and the
      Company has agreed to permit you to provide the balance due to the Company
      by your personal check, within five days after you receive your accrued
      but unused vacation pay from the
Company.

            

    

     

    
      	
              5.  

            	
              Severance
      and Benefit Payments.  Subject to your agreement to the
      terms and conditions of this Agreement, your compliance with such terms
      and your non-revocation of this Agreement pursuant to Paragraph 20 below,
      the Company shall provide you with the following payments and benefits,
      which you acknowledge are adequate consideration for the covenants and
      promises that you are making
herein:

            

    

     

    (a) Commencing
with the first regularly scheduled payroll period following the Resignation
Date, and assuming that this Agreement has not been revoked in accordance with
Paragraph 20, the Company will provide you with a total severance benefit equal
to nine (9) months of your annual base salary immediately prior to the
Resignation Date.  Payments will be made in equal installments in
accordance with the Company’s regular payroll procedures and will be subject to
all applicable taxes and withholdings.  This will be referred to as
the Severance Period.

     

    (b) During
the term of the Severance Period, the Company will continue the benefits
provided in paragraphs 3.1 and 4 of your Employment Agreement, provided that
such continuation is permitted under the governing plans, except that you shall
not continue to accrue vacation or any other benefits during the Severance
Period.  In addition, the Company will not continue your long term
disability insurance, extended dental insurance and life insurance since such
continuation is not permitted by the terms of those plans.  However,
during the term of the Severance Period the Company will pay you an additional
three hundred dollars ($300.00) per month less all applicable taxes and
withholdings, towards your purchase of such individual insurance.  If
you become eligible for such benefits during the Severance Period, you agree to
immediately inform John Poserina in writing at Casey Systems, 209 Lafayette
Drive, Syosset, New York 11791, within seven (7) days of your eligibility
for coverage elsewhere.  You further agree that as of that benefit
eligibility date, the Company’s obligation for this additional monthly payment
will cease.

     

    (c) During
the term of the Severance Period, the Company will continue to pay the same
proportionate rate for medical, dental and other group insurances as it paid
while you were an employee.  The Company’s payment for your group
medical benefits will terminate upon the earlier of the end of your Severance
Period; your material breach of this Agreement; or the time that you become
eligible for medical coverage elsewhere.  If you become eligible for
group medical benefits during the Severance Period, you agree to immediately
inform John Poserina in writing at Casey Systems, 209 Lafayette Drive, Syosset,
New York 11791, within seven (7) days of your eligibility
for coverage elsewhere.  You further agree that as of that benefit
eligibility date, the Company’s obligation to pay for such premiums will
cease.  To continue coverage on the same terms and conditions on which
you are currently receiving such benefits, the Company will withhold from the
severance payments, the required premiums.  Your signature on this
Agreement represents your consent to this withholding.

     

    (d) You
acknowledge that following the Resignation Date, except as provided in this
Agreement, you will not be entitled to any other payments, benefits or
perquisites from the Company, including without limitation, salary, bonus,
vacation pay or any other compensation or benefits.  To the extent
that you may have any vested rights under any of the Company’s welfare or
benefit plans, equity plan or equity plan award, your rights and obligations
shall, unless specifically modified herein, be governed by the applicable terms
of any such plan as existing on the Resignation Date;

     

    (e) All
payments hereunder shall be subject to applicable deductions and
withholding.

     

    
      	
              6.  

            	
              COBRA. At
      the conclusion of your Severance Period, you will be entitled to exercise,
      at your cost, any remaining COBRA extension rights to which you may be
      entitled under law with respect to group health
  coverage.

            

    

     

    
      	
              7.  

            	
              General
      Release of Claims.  The Company is under no obligation to
      make the payments or provide the benefits being provided to you pursuant
      to Paragraph 5 above, and will do so only subject to your agreement to,
      and compliance with, the terms of this Agreement.  For and in
      consideration of the payments described in Paragraph 5 above, and other
      good and valuable consideration, you, on your own behalf and on behalf of
      your heirs, administrators, executors, and assigns, fully and forever
      release, remise and discharge the Company, its employee benefits plans and
      trustees, fiduciaries, and administrators of those plans and any of its
      present or past employees, officers, directors, agents, and contractors,
      and each of their predecessors, successors and assigns (individually and
      collectively) from any and all claims, which, as of the date of this
      Agreement, you had, may have had, or now have against the Company, for or
      by reason of any matter, cause or thing whatsoever, including any Claim
      arising out of or attributable to your employment or your resignation of
      employment from the Company, including but not limited to claims of breach
      of implied or express contract, or quasi contract, breach of promise,
      estoppel, wrongful termination, unjust dismissal, constructive discharge,
      violation of public policy, common law claims, including but not limited
      to, misrepresentation, fraud, intentional or negligent infliction of
      emotional distress, negligence, intentional harm, torts, defamation, libel
      or slander, or under any federal, state or local law dealing with
      discrimination, harassment and/or retaliation based on age, race, color,
      sex, sexual orientation, national origin, citizenship status, ancestry,
      religion, marital status, pregnancy, disability, medical condition or such
      laws relating to wages or the employer/employee relationship, provided,
      however, that this Release shall not apply to the Company’s obligations
      under this Agreement.  This release of claims includes, but is
      not limited to, all claims arising under the Civil Rights Act of 1866,
      Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991,
      the Americans with Disabilities Act, the Family Medical Leave Act, the
      Equal Pay Act, the Employee Retirement Income Security Act, the Age
      Discrimination in Employment Act of 1967, the Older Workers’ Benefit
      Protection Act of 1990, the Sarbanes-Oxley Act of 2002, (all as amended,
      if applicable), the New York State Human Rights Law, the New York City
      Human Rights Law, the New York Equal Pay Law,
      the New York Equal Rights Law, the New York Off-Duty Conduct Lawful
      Activities Discrimination Law, the New York Minimum Wage Act, the New York
      Wage and Hour Law, the New York Whistleblower Statute, and all
      other federal, state and local labor and anti-discrimination laws, the
      common law and any other purported restriction on an employer’s right to
      terminate the employment of employees.  In addition, this
      release of claims includes all claims for the payment of wages, moneys
      owed, severance, vacation pay, disability payments, benefit contributions
      or matching payments, stock options, stock awards, vacation pay, bonuses
      or claims for attorneys’ fees, costs or expenses not otherwise provided in
      this Agreement.

            

    

     

    
      	
              8.  

            	
              Effect
      of General Release; Limitations on General Release.  You
      understand that by signing this Agreement you are prevented from filing,
      commencing or maintaining any action, complaint, or proceeding with regard
      to any of the claims released in this Agreement.  However,
      excluded from this General Release are any claims that cannot be waived by
      law, including, but not limited to, your right to challenge the legal
      validity of this Agreement under the ADEA, as amended and your right to
      pursue claims arising from a breach of this Agreement.  In
      addition, nothing in the General Release of claims above or any other part
      of this Agreement precludes you from filing a charge with an
      administrative agency or from participating in an agency
      investigation.  You are, however, waiving your right to recover
      money in connection with any such charge or investigation.  You
      are also waiving your right to recover money in connection with a charge
      filed by any other individual or by the Equal Employment Opportunity
      Commission or any other federal or state
agency.

            

    

     

    
      	
              9.  

            	
              Covenant
      Not to Sue.  In addition to waiving and releasing the
      claims and rights covered by the General Release of Claims above, you
      promise not to sue the Company or any other Released Party in any forum
      for any reason, including but not limited to claims, laws or theories
      covered by the General Release of Claims.  This covenant by you
      not to sue is different from the General Release of Claims, which will
      provide the Company a defense in the event you violate the General
      Release.  If you violate this Covenant Not to Sue by suing a
      Released Party, you may be liable to that party for monetary
      damages.  More specifically, if you sue a Released Party in
      violation of this Covenant Not to Sue, you will be required to
      either:  (1) pay that Released Party’s attorneys’ fees and other
      costs incurred as a result of having to defend against your suit; or (2)
      alternatively, at the Released Party’s option, return to the Company all
      of the payments provided to you under Paragraph 5 above, except for
      one-hundred dollars ($100.00).  In the event of such violation,
      the Company will also be excused from providing you any remaining payments
      and benefits under this Agreement.  However, nothing in this
      Covenant Not to Sue or in any other part of this Agreement prevents you
      from challenging the validity of this Agreement under the
      ADEA.

            

    

     

    
      	
              10.  

            	
              Company
      Release of Claims.  For and in consideration of the
      benefits provided by you under this Agreement, the Company, its officers,
      directors, employees, agents, successors and assigns (individually and
      collectively, the “Company”) fully and forever release, remise and
      discharge you, from any and all claims, which, as of the date of this
      Agreement, the Company had, may have had, or now has against you, for or
      by reason of any matter, cause or thing whatsoever, including any Claim
      arising out of or attributable to your employment and your resignation
      from employment with the Company, including but not limited to claims of
      breach of implied or express contract, or quasi contract, breach of
      promise, estoppel, violation of public policy, common law claims,
      including but not limited to, intentional or negligent infliction of
      emotional distress, negligence, intentional harm, torts, defamation, libel
      or slander, or under any federal, state or local law dealing with
      discrimination, harassment and/or retaliation based on age, race, color,
      sex, sexual orientation, national origin, citizenship status, ancestry,
      religion, marital status, pregnancy, disability, medical condition or such
      laws relating to wages or the employer/employee relationship, provided,
      however, that this Release shall not apply to your obligations under this
      Agreement nor shall this Release apply to any claims of misrepresentation,
      fraud or criminal conduct about which the Company may learn subsequent to
      the execution of this Agreement.

            

    

     

    
      	
              11.  

            	
              Confidential
      Information.  You agree that in the course of your
      employment with the Company you have had access to and acquired
      Confidential Information.  The term “Confidential Information”
      as used in this Agreement means (i) confidential information of the
      Company, including, without limitation, information received from third
      parties under confidential conditions; and (ii) inventions and other
      technical, business or financial information or trade secrets or
      proprietary information (including, but not limited to, account records,
      Comtrak and Casey databases, customer lists, costs, price lists, supplier
      information, marketing information and strategies, annuals, confidential
      plans for the creation or disposition of products, product development
      plans, and financial data and plans, Comtrak, Teltrak issues, strategies
      and designs), the use or disclosure of which would be contrary to the
      interests of the Company, its affiliates or related
      companies.  Confidential Information does not include
      information that is generally known to the public or within the relevant
      trade or industry, unless it becomes known due to your violation of this
      Agreement, or was known by you prior to your employment with the
      Company.

            

    

     

    (a) You
understand and agree that such Confidential Information has been disclosed to
you in confidence and only for the use of the Company.  You understand
and agree that (i) you will keep such Confidential Information confidential at
all times after the resignation of your employment from the Company, and (ii)
you will not make use of Confidential Information on your own behalf, or on
behalf of any third party, unless required to do so under compulsion of
law.  Nothing in this Paragraph 11 will limit or amend any
confidentiality undertaking you may have signed in favor of the Company, or the
covenants contained in Paragraph 7 of your Employment Agreement, which
undertaking and covenants shall remain in full force and effect notwithstanding
this Agreement.

     

    (b) The
parties agree that all discussions leading up to this Agreement are strictly
confidential and do not constitute, nor shall be construed as, an admission of
any wrongdoing, violation of law, or breach of any agreement, duty, or
obligation owed by any party to any other party.

     

    (c) Nothing contained in this Agreement
shall preclude you from discussing any matter concerning the Company with any
governmental agency.  Furthermore, you agree to cooperate with any
governmental agency that requests you to provide testimony or information
regarding the Company.  If you are compelled to testify by a validly
served subpoena in any legal proceeding or by governmental authority, you will
provide advance notice to the Company of such obligation and you will testify
truthfully as to all matters concerning your employment with the
Company.

     

    
      	
              12.  

            	
              Cooperation.  During
      the Severance Period, and in exchange for the severance and benefits
      contained in this Agreement, you agree to be available to, cooperate with,
      and provide information to the Company in connection with any matter
      pending at the time of your resignation or which may later arise and which
      relates to your employment with the Company, or to events or information
      about which you are aware as a result of such employment.  In
      the event you are required to travel for purposes of this paragraph, the
      Company shall reimburse your travel expenses after the Company receives
      appropriate documentation for such
expenses.

            

    

     

    
      	
              13.  

            	
              Non-Disparagement.  You
      and the Company Control Group (officers at the level of vice president and
      above) agree that they have not taken and will refrain from taking any
      actions or making any defamatory or disparaging written or oral statements
      regarding each other, their related entities or personnel and agree not to
      solicit any comments, statements or the like to the media or others that
      may be considered to be derogatory or detrimental to the good name or
      business reputation of either of the parties to this Agreement or to the
      Company’s past or present shareholders, directors, executives, officers,
      employees, agents or representatives.  All requests for
      references shall be referred to the Chief Executive Officer or to the
      Human Resources Department.

            

    

     

    
      	
              14.  

            	
              Non-Solicitation.  You
      agree that, in accordance with your Employment Agreement, during the
      Severance Period, and continuing through February 1, 2015, you will not,
      directly or indirectly, call on any accounts and customers of the Company
      for the purpose of soliciting and/or providing to such accounts and
      customers any products or services similar to those sold or provided by
      the Company, nor will you in any way, directly or indirectly, induce any
      accounts and customers of the Company to cease doing business with the
      Company.  Further you agree that during the Severance Period and
      continuing through February 1, 2015, you will not directly or indirectly,
      solicit, encourage, or induce any of the Company’s other employees or
      consultants of the Company to leave the Company’s employ, or to work for
      you or any Competitive Business of the Company, or any other
      entity.  You agree that this non-solicitation arrangement is
      fair, and reasonable and necessary under the circumstances and is
      reasonably required for the protection of the Company and that the
      severance under this Agreement constitutes additional consideration for
      such covenants.  You also acknowledge that, in the event you
      breach any part of this paragraph, the damages to the Company would be
      irreparable.

            

    

     

    
      	
              15.  

            	
              Certain
      Remedies.  Without intending to limit the remedies
      available to the parties hereto, the parties agree that the Company would
      be irreparably harmed by any actual or threatened violation of Paragraphs
      11, 13 and 14 of this Agreement and that you would be irreparably harmed
      by any actual or threatened violation of Paragraph 13 of this Agreement,
      that in the event of a violation of these provisions, both parties would
      be without an adequate remedy at law, that it will not be possible to
      measure damages for such injuries precisely and that, in the event of such
      a breach or threat thereof, the injured party shall be entitled to seek
      from any court of competent jurisdiction a temporary restraining order or
      a preliminary or permanent injunction, or both, without bond or other
      security or the need to prove damages, restraining the other party from
      engaging in activities prohibited by Paragraphs 11, 13 and 14 of this
      Agreement or such other relief as may be required specifically to enforce
      this Agreement.

            

    

     

    
      	
              16.  

            	
              Entire
      Agreement.  The terms described in this Agreement
      constitute the entire agreement between you and the Company and may not be
      altered or modified other than in a writing signed by you and the
      Company.  No promise, inducement or agreement not expressed
      herein has been made to you in connection with this Agreement and this
      Agreement supercedes all prior arrangements, communications, commitments
      or obligations between yourself and the Company, except to the extent that
      those provisions are expressly incorporated herein by
      reference.

            

    

     

    
      	
              17.  

            	
              Effective
      Date.  This Agreement shall not become effective, and no
      payments shall be due you hereunder, until such time as it is received by
      the Company, is signed by you and the Company, is approved by the Board of
      Directors, and the Revocation Period has expired without any revocation by
      you of this Agreement.

            

    

     

    
      	
              18.  

            	
              Knowing
      and Voluntary Decision to Sign.  You
      have read and received a complete explanation of the terms of this
      Agreement, including its release and you confirm that you have had the
      opportunity to confer with an attorney or any other advisors of your own
      choosing with respect to the terms of this Agreement.  You
      acknowledge that you have entered into this Agreement freely and
      voluntarily.

            

    

     

    
      	
              19.  

            	
              Time
      to Consider.  You acknowledge that you were advised that
      you could take up to twenty-one (21) days from the date this Agreement was
      given to you to review this Agreement and decide whether you would enter
      into this Agreement.  To the extent that you have elected to
      enter into this Agreement prior to such time, you have done so
      voluntarily, and have knowingly waived such twenty-one (21) day
      period.

            

    

     

    
      	
              20.  

            	
              Revocation
      Period.  You may revoke this agreement for a period of
      seven (7) calendar days after its execution (the "Revocation Period"), by
      delivery of a notarized written notice of revocation (the "Revocation
      Notice") prior to 5:00 p.m. on the last day comprising the Revocation
      Period to John Poserina, Chief Financial Officer, Casey Systems, 209
      Lafayette Drive, Syosset, New York 11791.  This Agreement shall
      become irrevocable automatically upon the expiration of the Revocation
      Period if you do not revoke it in the aforesaid manner.  In the
      event that you revoke the Agreement, or if for any other reason it is held
      to be unenforceable, all checks, instruments, funds, or other such
      payments received by you pursuant to the terms of this Agreement shall
      immediately be returned to the
Company.

            

    

     

    
      	
              21.  

            	
              Severability.
      In the event that any one or more of the provisions of this
      Agreement is held to be invalid, illegal or unenforceable, the validity,
      legality and enforceability of the remaining provisions will not in any
      way be affected or impaired thereby.  Moreover, if any one or
      more of the provisions contained in this Agreement is held to be
      excessively broad as to duration, scope, activity or subject, such
      provisions will be construed by the court by limiting and reducing them so
      as to be enforceable to the maximum extent compatible with applicable
      law.

            

    

     

    
      	
              22.  

            	
              Governing
      Law.  This Agreement shall be construed and enforced
      pursuant to the laws of the State of New York (applicable to contracts to
      be performed wholly with such state).  If the above sets forth
      our agreement, please so signify your consent to such agreement, by
      executing the enclosed copy of this Agreement and returning it to
      me.

            

    

     

    

    Very truly yours,

    

    CASEY SYSTEMS INC.

    

    

    By:  _________________________________

    ________________

    Title

    

    Agreed to
and accepted:

    

    _____________________________

    Albert Koenig

    

    
      	
               
      

            	
              Date
      executed:  February 13,
2008

            

    

     

    

    

    Sworn and
subscribed to before me

    this
______ day of ___________, 2008.

    

    

    ____________________________________

    
      	
               
      

            	
                                 Notary
      Publicexhibit101_021408.htm

    
      Exhibit
        10.1

       

      2008
        Equity Grant

      RSU
        Terms and Conditions 

      
This
        is a summary of the material terms and conditions of the 2008 Equity Program.
        The DIRECTV Group, Inc. Stock Plan (the “Plan”) and Prospectus govern the
        awards, receipt of which is hereby acknowledged, and is incorporated herein
        by
        this reference.

    

     

    
      
        	
                TERM
                  OR CONCEPT

              	
                EXPLANATION

              
	
                Company

              	
                The
                  DIRECTV Group, Inc., and its Subsidiaries

              
	
                Eligibility

              	
                Full-time
                  exempt employees at the level of Senior Manager and above; new
                  employees
                  must be hired and actively working before the grant date to receive
                  an RSU
                  grant. Promotions that would result in an increase in target RSUs
                  must be
                  effective by January 1, 2008 for employees to be eligible for the
                  increased target grant.

              
	
                Awards

              	
                DIRECTV
                  Restricted Stock Units (RSUs or Units); distributed in DIRECTV
                  (DTV)
                  common stock

              
	
                Performance
                  Period

              	
                3-year
                  Performance Period (January 1, 2008 – December 31,
                  2010)

              
	
                Adjustment
                  Factor

              	
                This
                  factor is the percentage (0% to 125%) used at the end of the 3-year
                  performance period to determine your shares earned based on the
                  Company’s
                  performance to the Performance Measures listed below.

              
	
                Performance
                  Measures (Weighting)

              	
              

      

      ·  Each
        performance measure is determined as the percentage growth from the prior
        year-end DIRECTV Group results.

       

      
      

      	
               

              Performance
                Measure

            	
               

              Weight

            	
              Annual
                Performance Target

            	
              Performance
                Range

            	
              Performance
                Factor Range

            
	
              Annual
                Growth in Cash Flow Before Interest & Taxes

            	
              40%

            	
              30%

            	
              0
                to 50%

            	
              0
                to 1.5

               

            
	
              Annual
                Growth in OPBDA

              (Operating
                Profit before Depreciation & Amortization)

            	
              40%

            	
              15%

               

            	
              0
                to 22.5%

            	
              0
                to 1.5

               

            
	
              Annual
                Growth in Revenue

            	
              20%

            	
              10%

               

            	
              0
                to 12.5%

            	
              0
                to 1.5

               

            

    

    Performance
      Determination

     

    ·  At
      the
      end of each year, the Company assesses DIRECTV Group performance for each
      Performance Measure, resulting in an annual Performance Factor per
      chart above.

     

     

    ·  At
      the
      end of the three years, the average of the three annual Performance
      Factors creates the Adjustment Factor (the % used to determine the
      final shares earned).  The final Adjustment Factor is capped
      at 125%.

     

    Distribute
      Shares at the End of Three Years

     

    ·  As
      soon
      as practicable after the end of the Performance Period, the Company determines
      the Adjustment Factor. The Company will multiply the total number of
      RSUs granted by this factor to determine the number of shares to
      distribute.

     

    ·  Once
      the
Adjustment Factor is determined, the shares will be distributed to you
      (minus applicable tax withholding) and then are yours to sell or hold as you
      wish.

     

    ·  Upon
      distribution, the shares will be directly deposited into an account in your
      name
      with the Company's stock plan administrator (Morgan Stanley). Account and tax
      information will be distributed shortly thereafter.

     

    
    

    
       

       

       

    

    

    

    
      	
              TERM
                OR CONCEPT

            	
              EXPLANATION

            
	
              Taxes

            	
               

              ·  Your
                award is taxable at the time of distribution, which is when you receive
                your shares of DTV common stock if the performance goals are
                met.

               

              ·  The
                applicable withholding taxes are due upon distribution, whether or
                not you
                sell your shares. The Company will withhold shares of stock to satisfy
                the
                applicable tax withholdings, so you will receive shares net of tax
                withholdings.

               

              ·  Please
                consult with your personal tax or financial advisor for more information
                regarding the tax consequences of your award.

               

            
	
              Continued
                Employment

            	
              Continued
                employment or service through the end of the Performance Period is
                required as a condition to receiving your award and the rights and
                benefits under the plan. Partial employment or service, even if
                substantial, during the Performance Period will not entitle you to
                any
                proportionate award, or avoid or mitigate a termination of rights
                and
                benefits upon or following a termination of employment or services
                except
                as otherwise provided in the “Impact of Termination” section
                below.

            
	
              Impact
                of Termination

            	
              If
                you should leave the company for any reason within the first calendar
                year
                of the Performance Period, your award is forfeited.

            
	
               

              ·  Resignation
                or Term for Cause

               

            	
              If
                you resign from the Company or are terminated for cause at any time,
                you
                forfeit all awards.

            
	
               

              ·  Term
                Without Cause (e.g., Layoff)

               

               

              ·  Retirement
                *

               

               

              ·  Long-Term
                Disability or Death

               

            	
               

              ·  You
                are eligible for a pro-rated award based on the number of full calendar
                years of service (January through December) completed during the
                Performance Period and on plan performance assessed at the end of
                the
                Performance Period.

               

               

              ·  Any
                shares earned will be distributed as soon as practicable in the year
                following the end of the Performance Period.

               

            
	
              Impact
                of Leave of Absence

            	
              Absence
                from work caused by military service, authorized sick leave, or other
                leave approved by the Company will not be considered a termination
                of
                employment by the Company if reemployment upon the expiration of
                the leave
                is required by contract or law, or if the leave is for a period of
                not
                more than 90 days. The Company reserves the right to adjust grants
                for
                employees on leave in excess of 90 days.

               

            

    

    

    
      	
               

            	
              *
                “Retirement” means termination of employment at age 55 or older, with 5 or
                more years of Continuous Service as defined in the Pension Plan and
                immediate commencement of Pension Plan
                benefits.

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