Document:

Exhibit 10.1

            
             

            
             

            
            April 28, 2008

            
             

            
            Mr. Robert G. Rouse

            
            ****************

            
            ****************

            
             

            
            Dear Rob:

            
             

            
            Reference is made to the Amended and Restated Employment Agreement (the
            “Employment Agreement”) dated September 17, 2007 between you and Comtech
            Telecommunications Corp. (the “Company”). Capitalized terms that are not
            otherwise defined in this letter agreement shall have the meaning ascribed thereto in
            the Employment Agreement.

            
             

            
            You have advised the Company that you are voluntarily terminating your
            employment with the Company as of August 29, 2008. In connection with your resignation,
            this is to confirm the agreement between you and the Company as follows:

            
             

            
                	
                            
                             

                        	
                            
                            1.

                        	
                            
                            The Employment Agreement is hereby amended as
                            follows:

                        

            

            
             

            
                	
                            
                             

                        	
                            
                            a)

                        	
                            
                            The Expiration Date is August 29, 2008. For all purposes
                            under the Employment Agreement, the termination of your employment on
                            August 29, 2008 shall be a voluntary termination of
                            employment.

                        

            

            
                	
                            
                             

                        	
                            
                            b)

                        	
                            
                            Incentive Compensation to which you may become entitled
                            with respect to the Company’s fiscal year ending July 31, 2008
                            pursuant to Section 5(b) of the Employment Agreement shall be payable
                            to you in accordance with the provisions of Section 5(b)(ii) of the
                            Employment Agreement, provided you do not voluntarily terminate your
                            employment with the Company prior to the Expiration Date.

                        

            

            
                	
                            
                             

                        	
                            
                            c)

                        	
                            
                            The following phrase is deleted from Section 5(b) of the
                            Employment Agreement: “and paid at a time Executive remains
                            employed”.

                        

            

            
                	
                            
                             

                        	
                            
                            d)

                        	
                            
                            Notwithstanding the provisions of Section 5(b) of the
                            Employment Agreement, you shall not be entitled to Incentive
                            Compensation in respect of any period occurring after July 31,
                            2008.

                        

            

            
                	
                            
                             

                        	
                            
                            e)

                        	
                            
                            Except as otherwise amended by this letter agreement,
                            the Employment Agreement remains in full force and effect.

                        

            

             

            
            

            

             

            
            

            
            2.    The outstanding stock options
            held by you that are scheduled to become exercisable on or before the Expiration Date
            shall continue to vest and become exercisable on their original scheduled dates unless
            you die before the options vest, you voluntarily terminate your employment before the
            options vest or you are Terminated for Cause (as defined in the Employment Agreement)
            before the options vest. There are no other changes to the terms of your existing stock
            options grants.

            
             

            
            3.    Your fiscal 2008 non-equity
            incentive plan award granted under the Comtech Telecommunications Corp. 2000 Stock
            Incentive Plan has been amended to eliminate the Executive Compensation
            Committee’s discretion to reduce the amount earned based on the level of
            achievement of pre-tax income by an amount in excess of the non-discretionary incentive
            payment payable under the Employment Agreement.

            
             

            
            4.    You will make yourself
            available to the Company during the period commencing August 30, 2008 and ending
            November 30, 2008 (the “Consulting Period”) to consult with senior
            management of the Company and its subsidiaries in order to facilitate the transition of
            your duties to other members of the Company’s senior management and to ensure
            appropriate transmission of institutional knowledge within the Company (the
            “Services”). The Services will be performed as and when requested by the
            Company, by phone or by in-person attendance at meetings, subject to the Company
            providing you reasonable prior notice of any request for in-person attendance at a
            meeting and making reasonable scheduling accommodations to any of your previously
            scheduled commitments. For each day for which you provide Services the Company shall
            pay you a consulting fee of $1,800, based on your invoice for Services from time to
            time. In addition, upon presentation of appropriate documentation, the Company shall
            reimburse you, in accordance with the Company’s travel and expense reimbursement
            policy, for all reasonable business expenses incurred in connection with your
            performance of the Services. At all times during the Consulting Period, your status
            shall be that of an independent contractor, and you will not act as a representative
            for or on behalf of the Company for any purpose or transaction, and may not bind or
            otherwise obligate the Company in any manner whatsoever without obtaining the prior
            written approval of the Company therefor. All consulting fees paid to you shall
            represent fees for services as an independent contractor, and shall therefore be paid
            without any deductions or withholdings taken therefrom for taxes or for any other
            purpose. The determination of any tax liability or other consequences of any payment
            made hereunder will be your sole responsibility and you will pay all taxes, if any,
            assessed on such payments under the applicable laws of any Federal, state, local or
            other jurisdiction. During the Consulting Period, you will not be eligible to
            participate in any of the employee benefit plans or arrangements of the
            Company.

             

            
            

            

             

            
            

            
             

            
            Very truly yours,

            
             

            
            Comtech Telecommunications Corp.

            
             

            
                	
                            
                             

                        	
                            
                            By:

                        	
                            
                            /s/ Fred
                            Kornberg                        

                        

            

            
                	
                            
                             

                        	
                            
                            Fred Kornberg

                        

            

            
             

            
            Agreed:

            
             

            
                	
                            
                             

                        	
                            
                            /s/ Robert G.
                            Rouse               

                        

            

            
                	
                            
                             

                        	
                            
                            Robert G. Rouseexhibit10_1.htm

    
       

      Exhibit
10.1

    
FINAL

      Storm
Cat Energy Corporation

       

      Annual
Incentive Plan

       

      Adopted
April 23, 2008

       

      

       

       

      Plan
Objectives

       

      This
Annual Incentive Plan (the “Plan”) is designed to meet the following
objectives:

       

      
        	
                ·  

              	
                Provide
      a framework that is performance-driven and focused on objectives that are
      critical to the Company’s success;

              

      

       

      
        	
                ·  

              	
                Offer
      competitive cash and/or equity compensation opportunities to all
      employees; and

              

      

       

      
        	
                ·  

              	
                Reward
      outstanding achievement.

              

      

       

      Plan
Concept

       

      The Plan
provides annual incentive awards that will be determined on the basis of the
Company’s growth in (i) net asset value, (ii) production and (iii) EBITDA (each
of which are described in further detail below).  In addition, awards
may be adjusted, up or down, subject to the Company’s overall success and
individual merit.

       

      Award
Opportunities

       

      The Compensation Committee of the Board
of Directors, in consultation with management, has established Plan target
awards, expressed as a percentage of annual base salary, for each
participant.  Such Plan target award will be communicated in writing
to each participant.

       

      Plan
Administration

       

      The Plan will be administered by the
Compensation Committee of the Board of Directors, with advice from
management.  Certain elements of the Plan administration may be
delegated to the officers of the Company or the Company’s human resources
representative.

       

      
        
           

        

        
          -1- 

          
            

          

        

        
           

          
            FINAL

             

            

          

        

      

      Measures

       

      In addition to the Company’s overall
success and individual merit, the Company will employ the following three
measures:

       

      
        	
                ·  

              	
                Net
      Asset Value Growth

              

      

       

      
        	
                ·  

              	
                Production
      Growth

              

      

       

      
        	
                ·  

              	
                EBITDA
      Growth

              

      

       

      A.           Net Asset Value
Growth

       

      Net Asset
Value (“NAV”) growth will be calculated internally.  It will measure
the change in net asset value of the Company’s proved developed reserves, i.e.,
proved developed producing and proved developed non-producing, net of capital
expenditures and cashflows, inclusive of the effects of
hedging.  Since we will be measuring our proved developed reserves
only we will not reward employees for the delivery of potential value that is
dependent upon future execution.  The calculation will be determined
by comparing the PV10 values for our year end 2007 and 2008 proved developed
reserves as forecasted by our third party engineering firm at fixed prices of
$6.00 per MMBtu for natural gas, $65.00 per barrel for oil and natural gas
liquids at 80% of the oil price, net of 2007 capital expenses and field level
cashflow.  All operating expenses, gathering, compression,
transportation, treating, shrinkage, production taxes, mmbtu adjustments and
other expenses that have historically been included in our year end reserve
reports will be applied.  By undertaking the calculation in this
manner we are isolating the effect of commodity price changes from the
calculation other than what is captured in the field level cashflow adjustment
that includes the effect of hedging.  The difference between the 2007
and 2008 net asset value calculation, if positive, will be the measured net
asset value growth of the Company for the annual incentive bonus
determination.  The percentage net asset value growth will be
determined as follows:

       

      Net Asset
Value Growth = 2008
Net Asset Value – 2007 Net Asset Value  x 100

      2007 Net Asset Value

       

      B.           Production Growth

       

      Production
Growth will be determined by comparing the total MMBtu equivalents sold during
the 2008 calendar year as compared to the 2007 calendar year.  Oil
production will be converted to MMBtu’s employing a 6 to 1 ratio of natural gas
to crude oil.  The difference between the 2007 and 2008 production
totals, if positive, will be the measured production growth of the Company for
the annual incentive bonus determination.  The percentage production
growth will be determined as follows:

       

      Production
Growth = 2008 Sales
(MMBtue) – 2007 Sales (MMBtue)  x 100

      2007 Sales (MMBtue)

      

      C.           EBITDA Growth

       

      EBITDA is
the Company’s earnings before interest, income taxes, depreciation, depletion
and amortization.  It is calculated from the Company’s audited year
end financial statements for 2007 and 2008.  The difference between
the Company’s 2008 and 2007 EBITDA, if positive, will be the measured EBITDA
growth for the annual incentive bonus determination.  The percentage
EBITDA growth will be determined as follows:

       

      EBITDA
Growth = 2008 EBITDA –
2007 EBITDA  x 100

      2007 EBITDA

      Acquisitions
and Divestitures

       

      The calculation of performance measures
will attempt to minimize the impact of acquisitions in the year made and account
for divestitures by removing the divested properties from the
comparison.

       

      In the
case of acquisitions, the following adjustments will be made:

       

      
        	
                ·  

              	
                NAV
      Growth.  Proved developed reserves acquired will be added
      in the 2008 report on a “capital neutral” basis by also adding to the 2007
      report the PV10 allocated value of such proved developed
      reserves.  In this way, any acquisition should be neutral in the
      year accomplished.  Capital allocated to non-proved developed
      properties should not be included in the
  determination.

              

      

       

      
        	
                ·  

              	
                Production
      Growth.  Production from acquired properties will not be
      included in the production growth calculation in the year
      acquired.

              

      

       

      
        	
                ·  

              	
                EBITDA
      Growth.  EBITDA from acquired properties will not be
      included in EBITDA growth calculations in the year
    acquired.

              

      

       

      
        
          
            
            

          

          
            -2-

            
              

            

          

          
            
            

          

        

      

       

      In the case of divestitures, the
following adjustments will be made:

       

      
        	
                ·  

              	
                NAV Growth and
      Production Growth.  The divested properties and
      associated capital and cashflow will be removed from the determination of
      NAV growth and production growth.

              

      

       

      
        	
                ·  

              	
                EBITDA
      Growth.  To the extent gains or losses are recognized
      under generally accepted accounting principles, such gains or losses will
      be included in the EBITDA growth
calculation.

              

      

      
         

        Benchmarks

      

       

      The Company has set benchmarks for each
measure such that if the minimum benchmark is achieved there will be a modest
award and awards will thereafter increase exponentially if greater benchmarks
are achieved.  These benchmarks are as follows:

       

      
        	
                ·  

              	
                Threshold.  The
      level at which minimum payout occurs.  If the Company achieves
      the Threshold level, the participant will receive 25% of the target award
      percentage.

              

      

       

      
        	
                ·  

              	
                Target.  The
      level at which the participant will receive the target award
      percentage.

              

      

       

      
        	
                ·  

              	
                Outstanding.  The
      level at which the participant receives 200% of the target award
      percentage.

              

      

       

      A result
that falls below the Threshold level in any measure will result in no award for
that measure.  Results falling between the Threshold, Target and
Outstanding benchmarks will be determined by interpolation.  Although
there will be no limit on completion of individual benchmarks, completion for
the total Plan will be limited to 200% of the Target Bonus set forth in the
Appendix.

       

      Performance
Measures and Weighting

       

      For 2008, the Company has established
the following benchmarks on each performance measure and its appropriate
weighting:

       

      
        	
                Measure

              	
                Weighting

              	
                Benchmark

              
	
                Threshold

              	
                Target

              	
                Outstanding

              
	
                Net
      Asset Value Growth

              	
                50%

              	
                75%

              	
                100%

              	
                150%

              
	
                Production
      Growth

              	
                25%

              	
                94%

              	
                125%

              	
                188%

              
	
                EBITDA
      Growth

              	
                25%

              	
                975%

              	
                1300%

              	
                1950%

              

      

      

       

      Company
Success and Individual Performance Measure

       

      In addition to the award determined
above, the Company, in its sole and complete discretion, may increase or
decrease any award on the basis of the Company’s overall success and individual
merit.

       

      Eligibility

       

      The Compensation Committee, with advice
from management, shall determine which employees are to be participants in the
Plan.  Incentive awards will be calculated based upon the
participant’s base salary in effect at the end of the Plan year or actual earned
salary if the participant was hired during the year.

       

      To be eligible to receive an award, a
participant must be employed by the Company on the date payments are
made.

       

      If a participant dies, retires or
becomes disabled during the award year or prior to the payment of an incentive
award, he or she (or the estate) will receive a pro rata share of the award
based upon the actual earned salary in the award year.If a participant’s
employment with the Company is terminated during the award year or at any time
prior to the distribution of awards, no bonus award will be paid.

       

      Timing
of Award Payments

       

      Awards
will be paid in the first quarter of 2009 upon completion of the annual
financial statements and year end reserve report.

       

      
        
           

        

        
          -3- 

          
            

          

        

        
           

          
            FINAL

             

            

          

        

      

      Board
of Directors’ Discretion

       

      Participants will understand and accept
that the calculation of the performance measures may not always lead to a
precise measure.  The Board of Directors and Compensation Committee
will employ its reasonable judgments in arriving at the performance measure
calculation for the award year.  The Board of Directors and/or
Compensation Committee may, in their sole discretion, ask the Audit Committee to
review all performance measure calculations.  All performance measure
calculations as determined by the Board of Directors or Compensation Committee
are final and binding upon all participants and no participant shall have the
right to appeal or question any such determination.

       

      The
granting of any and all awards hereunder is at the complete and sole discretion
of the Board of Directors and/or Compensation Committee.  This Plan
may be terminated at any time by the Board and/or Compensation Committee without
prior notice to any participant.

       

      Term

       

      Unless
earlier terminated by the Board of Directors, this Plan shall be in effect for
calendar year 2008 only.

       

      Not
Exclusive

       

      Nothing herein will preclude the
Company from awarding, in addition to the cash incentive award determined
herein, stock options, restricted stock units, stock appreciation rights or
other forms of compensation to employees of the Company.

       

      No
Contract

       

      The terms of this Annual Incentive
Award do not create a contract between the Company and any participant and in no
way affects the relationship between the participant and the Company as an
employee-at-will.

       

      Non-Assignability

       

      No award under this Plan nor any right
or benefit under this Plan shall be subject to anticipation, alienation, sale,
assignment, pledge, encumbrance or charge and any attempt to anticipate,
alienate, sell, assign, pledge, encumber or charge shall be void and shall not
be recognized or given effect by the Company

       

    

    
      
        -4-

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