Document:

EXHIBIT 10(m)

 

Exhibit 10(m)

CONSULTING AGREEMENT

         This CONSULTING AGREEMENT (“Agreement”), made and entered into as of the
1st day of March, 2002 (the “Effective Date”) and between Zapata Corporation
(“Zapata”), a Nevada corporation with an address of 100 Meridian Centre,
Rochester, New York 14618, and Malcolm I. Glazer (“Glazer”), who has an address
of 1482 South Ocean Boulevard, Palm Beach, Florida 33480.

WITNESSETH:

         WHEREAS, Glazer served as Chairman of the Board of Zapata from July, 1994
to the Effective Date, when he retired from such position;

         WHEREAS, Glazer possesses executive skills and leadership experience which
Zapata is desirous of calling upon from time to time during the forty-eight
months following such retirement; and

         WHEREAS, Glazer is willing to provide his skills and the benefit of his
experience, from time to time, to Zapata as a consultant over such
forty-eight-month period;

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements hereinafter set forth, Zapata and Glazer covenant and
agree as follows:

         1.     Engagement as Consultant. Zapata hereby engages Glazer as a consultant
effective as of the Effective Date, and Glazer hereby accepts such engagement
in accordance with the terms and conditions hereinafter set forth.

         2.     Consulting Duties. The Chief Executive and/or the Chairman of the Board
of Directors may from time to time request Glazer to furnish services as a
consultant and advisor. Such services shall include consultation with Zapata’s
Chairman of the Board and Chief Executive Office, upon request, concerning the
management and overall policy and strategic direction of Zapata and the
financial consequences thereof and consultation and advice with respect to
special projects designated from time to time by the Chairman of the Board and
Chief Executive Officer of Zapata, including but not limited to, possible
acquisitions, mergers, divestitures and capital raising and financing
transactions. Glazer shall not be required to hold himself available for
consulting services at any fixed time, but shall be available on a reasonable
basis. Glazer’s presence shall not be required at any particular office or
place in order to render his consulting services unless such services could not
reasonably be performed in another location or by telephone or letter.

         3.     Term of Consulting Engagement. Subject to Section 9 below, the term of
Glazer’s consulting engagement shall be from the Effective Date until April 30,
2006 (the “Consulting Period”).

         4.     Compensation. Subject to the terms of this Agreement, in consideration
for Glazer’s agreements contained herein, during the Consulting Period Zapata
shall pay Glazer compensation of One Hundred Twenty Two Thousand Five Hundred
Dollars ($122,500) per month without deduction for federal, state and local
taxes. Zapata shall pay Glazer in such intervals as it pays its executive
officers. In addition, during the Consulting Period, Glazer shall also be
entitled to such perquisites (including expense reimbursement and
transportation) as are made available to executive officers of Zapata in
accordance with Zapata’s policies and practices.

         5.     Stock Options. Zapata acknowledges that Glazer is the holder of
options to purchase up to 2,000 shares of Zapata common stock at an exercise
price of $59.375 per share under its 1987 Special Incentive Plan (the “1987
Plan Options”), and options to purchase up to 32,500 shares of Zapata common
stock (the “1996 Plan Options”) at an exercise price of $46.250 per share under
its Amended and Restated 1996 Long-Term Incentive Plan. In consideration of
Glazer’s willingness to enter into this Agreement and to perform his
obligations and provide the services referred to in this Agreement, the
Compensation Committee of Zapata’s Board of Directors has authorized by all
appropriate corporate action the continuance of the 1996 Plan Options held by
Glazer for the remaining term of such options. Glazer acknowledges that the
1987 Plan Options must be exercised by May 30, 2002, otherwise they will
terminate and be of no further force or effect after such date.

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         6.     Health Benefits. During the Consulting Period, Zapata shall continue
to provide Glazer and his spouse with the same medical and other health
benefits as it provides to Glazer and his spouse as of the Effective Date,
provided that, Zapata may change the benefits offered to Glazer and his spouse
in Zapata’s discretion if such change (a) is effected for executive officers of
Zapata, or (b) is reasonably required by Zapata and does not materially change
the benefits offered to Glazer and his spouse.

         7.     Confidential Information. During the Consulting Period and thereafter,
Glazer will not directly or indirectly (without Zapata’s prior written consent)
use for himself or use for, or disclose to, any party other than Zapata or its
subsidiaries any secret or confidential or proprietary information or data
relating to the business of Zapata or its subsidiaries or any such information
or data with respect to businesses being investigated by Zapata for
acquisition.

         8.     Indemnification, etc.

         (a)   Zapata agrees that Glazer’s existing rights, in his capacity as an
officer, director or employee of the Company, to indemnification and
advancement of expenses, as such rights currently exist under Zapata’s Articles
of Incorporation, by-laws, resolutions, and any other agreement or document
binding on Zapata, shall not be diminished or reduced in any respect following
the date of this Agreement.

         (b)   Zapata will continue to maintain, for a period of at least six (6)
years following the date of this Agreement, Zapata’s directors and officers
liability insurance covering Glazer in his capacity as a former director,
officer and employee of Zapata, at the highest coverage level then currently
maintained for any of its then current officers or directors.

         (c)   Zapata agrees to indemnify, protect, defend and hold Glazer and his
estate, heirs, and personal representatives, harmless from and against any
actual or threatened action, suit or proceeding, whether civil, criminal,
administrative or investigative (hereinafter a “proceeding”), and all losses,
liabilities, damages and expenses, including reasonable attorney’s fees
incurred by counsel reasonably designated or approved by him, in connection
with this Agreement or his services hereunder, provided that any consulting
services giving rise to such indemnification shall have been performed by
Glazer in good faith and, to the best of his knowledge, in a lawful manner.
Zapata shall pay or reimburse Glazer for all costs and expenses, including,
without limitation, court costs and attorneys’ fees, incurred by Glazer as a
result of any claim, action or proceeding (including, without limitation, a
claim, action or proceeding by Glazer against Zapata arising out of, or
challenging the validity or enforceability of, this Agreement or any provision
hereof) and shall advance such expenses if Glazer undertakes to repay such
amounts if it is ultimately determined that Glazer is not entitled to be
indemnified under Nevada law.

         (d)   The provisions of this Section 8 are independent covenants of Zapata
and are in consideration of Glazer’s separation from Zapata as well as his
willingness to enter into this Agreement and to perform the obligations and
provide the services referred to herein, and Zapata’s obligations under this
Section 8 shall survive and be applicable notwithstanding any other event or
circumstance affecting any of Zapata’s obligations under this Agreement.

         9.     Termination.

         (a)   If Glazer should die or become permanently disabled before the
expiration of the Consulting Period, then the Consulting Period shall end on
the date of his death or permanent disability, and Zapata shall pay to Glazer’s
estate or to Glazer or his legal guardian, as applicable, any accrued but
unpaid amounts due hereunder.

         (b)   Zapata may terminate the Consulting Period at any time for Cause, in
which event no further payments shall be made hereunder and Glazer shall not be
entitled to any further benefits hereunder. For purposes of this Agreement,
“Cause” shall mean Glazer’s dishonesty, commission of a felony or willful
unauthorized disclosure of confidential information of Zapata.

         10.    Relationship Between the Parties.

         (a)   The relationship of Glazer to Zapata during the term of this Agreement
shall be solely that of independent contractor. Consequently, Glazer shall have
no authority and shall not assume to act for or on behalf of Zapata without its
express written approval.

         (b)   Glazer is solely responsible for the payment of all taxes and the
filing of all tax returns and reports with respect to the amounts paid to
Glazer under Section 4 hereof, and Glazer agrees to indemnify Zapata, its

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officers and directors for any liability imposed on them or each of them
arising out of any failure by him to pay such taxes or to file any such returns
at any time.

         11.     Successors.

         (a)   This Agreement is personal to Glazer and without the prior written
consent of Zapata shall not be assignable by Glazer otherwise than by will or
the laws of descent and distribution. This Agreement shall inure to the benefit
of and be enforceable by Glazer’s legal representatives.

         (b)   This Agreement shall inure to the benefit of and be binding upon
Zapata and its respective successors and assigns.

         (c)   Zapata shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of
its respective businesses and/or assets to assume expressly and agree to
perform this Agreement in the same manner and to the same extent that Zapata
would be required to perform it if no such succession had taken place. As used
in this Agreement, the “Zapata” shall mean Zapata, as hereinbefore defined and
any successor to its respective businesses and/or assets as aforesaid which
assumes and agrees to perform this Agreement by operation of law, or otherwise.

         12.    Nonwaiver of Rights. The failure to enforce at any time any of the
provisions of this Agreement or to require at any time performance by the other
party of any of the provisions hereof shall in no way be construed to be a
waiver of such provisions or to affect either the validity of this Agreement,
or any part hereof, or the right of either party thereafter to enforce each and
every provision in accordance with the terms of this Agreement.

         13.    Invalidity of Provisions. In the event that any provision of this
Agreement is adjudicated to be invalid or unenforceable under applicable law,
the validity and enforceability of the remaining provisions shall be
unaffected. To the extent that any provision of this Agreement is adjudicated
to be invalid or unenforceable because it is overbroad, that provision shall
not be void but rather shall be limited only to the extent required by
applicable law and enforced to the maximum extent allowed under such law.

         14.    Governing Law and Choice of Forum. This Agreement shall be interpreted
in accordance with and governed by the laws of the State of New York. Any
actions or proceedings arising out of or relating, directly or indirectly, to
this Agreement shall be filed and litigated exclusively in any state or federal
court located in the County of Monroe County, New York.

         15.    Amendments. No modification, amendment or waiver of any of the
provisions of this Agreement shall be effective unless agreed to in writing by
the parties hereto.

         16.    Notices. Any notice to be given by either party hereunder shall be in
writing and shall be deemed to have been duly given if delivered or mailed,
certified or registered mail, postage prepaid at the addresses first set forth
in the beginning of this Agreement or to such other address as may have been
furnished to the other party by written notice.

         17.    Counterparts. This Agreement may be executed in one or more
counterparts all of which together shall be treated as a single agreement.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and unconditionally delivered as of the first date set forth above.

	 	 	 	 	 
	 	 	 	 	ZAPATA CORPORATION
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:

 

Name:

Title:

	 	/s/ Leonard DiSalvo

Leonard DiSalvo

Vice President-Finance and Chief Financial Officer

	 	 	 
	 	 	
/s/ Malcolm I Glazer

Malcolm I. Glazer

33<PAGE>
Exhibit 4.1
-----------

CONSULTING AGREEMENT

         This Consulting Agreement (this "Agreement") is entered into effective
as of September 20, 2001 between RCN Corporation, a Delaware Corporation (the
"Company"), and Walter Scott, Jr. (the "Consultant").

         WHEREAS, in addition to obtaining the Consultant's valuable service as
a member of the Company's Board of Directors, the Company also desires to obtain
the benefit of the Consultant's knowledge and experience by retaining him as a
consultant; and

         WHEREAS, the Consultant desires to accept such position upon the terms
and conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the mutual promises and agreements
contained herein, the adequacy and sufficiency of which are hereby acknowledged,
the Company and the Consultant hereby agree as follows:

1.   DUTIES: The Consultant shall render such consulting services to the Company
as the Chief Executive Officer (the "CEO") or the Board of Directors of the
Company (the "Board") shall reasonably request of the Consultant. The Consultant
shall devote his best efforts and attention in performing his consulting
services and will render services relating to (i) debt reduction activities,
(ii) assisting the CEO in reviewing market business plans to help assure
positive cash flow in markets, (iii) reviewing and assisting management in
preparing the Company's financial plan to help assure efficiencies are realized,
including relating to engineering and construction, operations and sales and
marketing, (iv) assisting the CEO in seeking strategic partners, (v) reviewing
with the CEO and President of Customer and Field Operations the organizational
structure and necessary changes to help improve efficiencies and reduce
expenses, and (vi) such other duties as may be requested by the Board or the CEO
from time to time.

2.   LOCATION: The Consultant shall render his consulting services at the
Company's offices or at any other mutually agreeable location.

3.   COMPENSATION: The Consultant will be compensated by the Company as follows:

     a.   Fees: The Consultant will receive no cash fees in respect of his
          consulting services.

     b.   Equity Compensation: The Consultant was granted 500,000 Outperform
          Stock Options under the Company's 1997 Equity Incentive Plan (the
          "1997 Plan") on September 20, 2001. The Consultant shall also be
          eligible to receive a grant of 250,000 Outperform Stock Options under
          the 1997 Plan (or any successor thereto), subject to the attainment of
          certain performance objectives as determined by the

<PAGE>

          Compensation Committee of the Company's Board of Directors. If the
          additional 250,000 Outperform Stock Options are granted, such options
          shall be (i) granted at a per share initial exercise price of $1.95
          (subject to Section 15 of the 1997 Plan ( "Changes in Capital
          Structure")), (ii) fully vested on the date of grant and (iii) subject
          to the terms and conditions of a stock option agreement substantially
          similar to the stock option agreement attached as Exhibit A hereto.

     c.   Expenses: The Company shall reimburse the Consultant for all expenses
          reasonably incurred by the Consultant in the performance of his
          consulting services hereunder. The Consultant shall provide the
          Company with appropriate documentation in respect of such expenses.

     d.   Benefits: The Consultant will not be entitled to any Company provided
          employee benefits (e.g., group health insurance, vacation, sick leave,
          severance or 401(k) participation).

4.   TERMINATION: This Agreement shall be terminable by either party hereto at
any time upon 30 days' written notice to the other party.

5.   NOTICE: Any notice given hereunder shall be in writing and shall be deemed
to have been given when delivered by messenger or courier service (against
appropriate receipt), or mailed by registered or certified mail (return receipt
requested), addressed as follows:

If to the Company:
RCN Corporation
105 Carnegie Center
Princeton, New Jersey 08540
Attn:  General Counsel

If to the Consultant:
Walter Scott, Jr.
1000 Kiewit Plaza
Omaha, Nebraska  68132

or at such other address as shall be indicated to the other party hereto in
writing. Notice of change of address shall be effective only upon receipt.

6.   INTERPRETATION: This Agreement shall be interpreted in accordance with and
governed by the laws of the State of Delaware without reference to its conflict
of laws principles.

7.   SEVERABILITY: The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity

<PAGE>

or enforceability of any other provision hereof, which shall remain in full
force and effect.

8.   ASSIGNMENT: This Agreement may not be assigned by either party hereto
without the prior written consent of the other party, except that the Company
may assign this Agreement to a corporation succeeding to substantially all the
assets or business of the Company whether by merger, consolidation, acquisition,
or otherwise.

9.   COUNTERPARTS: This Agreement may be executed in one or more counterparts,
which, together, shall constitute one and the same agreement.

10.   MODIFICATION: This Agreement may only be modified or amended by a
supplemental written agreement signed by the Consultant and an authorized
officer of the Company.

11.   ENTIRE AGREEMENT: This Agreement together with the option agreements
referred to herein constitute the entire agreement between the Consultant and
the Company regarding the terms and conditions of the consultancy, and supersede
all prior negotiations, representations or agreements between the Consultant and
the Company regarding the Consultant's consultancy, whether written or oral.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date and year first set forth above.

RCN CORPORATION

By: /s/ David C. McCourt

Name: David C. McCourt

Title: Chairman and
Chief Executive Officer

WALTER SCOTT, JR.

/s/  Walter Scott, Jr.

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