Document:

exv10w1

 

Exhibit 10.1

STEWART INFORMATION SERVICES CORPORATION AND SUBSIDIARIES

Executive Officers’ Bonus Plans

The following summarizes the terms of the bonus arrangements approved by our Compensation Committee
with respect to our executive officers:

MALCOLM S. MORRIS, as Chairman of the Board and Co-Chief Executive Officer, shall receive in
addition to his salary, 1% on the first $20,000,000 of the consolidated income before taxes of
Stewart Title Guaranty Company as reported to its stockholder, .75% of the pretax profits from
$20,000,001 to $40,000,000, .50% of the pretax profits from $40,000,001 to $60,000,000 and .25% of
the pretax profits exceeding $60,000,000. For the calendar year 2005, Mr. Malcolm S. Morris shall
receive no less than $250,000 in bonus compensation.

STEWART MORRIS, JR., as President and Co-Chief Executive Officer, shall receive in addition to his
salary, 1% on the first $20,000,000 of the consolidated income before taxes of Stewart Title
Guaranty Company as reported to its stockholder, .75% of the pretax profits from $20,000,001 to
$40,000,000, .50% of the pretax profits from $40,000,001 to $60,000,000 and .25% of the pretax
profits exceeding $60,000,000. For the calendar year 2005, Mr. Stewart Morris, Jr. shall receive
no less than $250,000 in bonus compensation.

MAX CRISP, as Executive Vice President and Chief Financial Officer, shall receive in addition to
his salary, .50% of the first $50,000,000 of the consolidated income before taxes of Stewart Title
Guaranty Company as reported to its stockholder, .40% of the pretax profits from $50,000,001 to
$75,000,000, .30% of the pretax profits from $75,000,001 to $100,000,000 and .20% of the pretax
profits exceeding $100,000,000. For the calendar year 2005, Mr. Max Crisp shall receive no less
than $145,000 in bonus compensation, and his compensation from base salary plus bonus may not
exceed 75% of the total base salary plus bonus earned by a Chief Executive Officer.

MATTHEW W. MORRIS, as Senior Vice President-Planning and Development, shall receive in addition to
his salary, .10% of the consolidated income before taxes of Stewart Title Guaranty Company as
reported to its stockholder. For the calendar year 2005, Mr. Matthew W. Morris shall receive no
less than $75,000 in bonus compensation. In addition, Mr. Matthew W. Morris may be eligible to
receive up to $25,000 of discretionary bonuses based on the completion of certain projects and the
approval of Mr. Stewart Morris, Jr.exv10w1

 

Exhibit 10.1

AMENDMENT TO EMPLOYMENT AGREEMENT

     This Amendment to Employment Agreement (this “Amendment”) is entered into effective as of this
8th day of March, 2006, by and between Bristow Group Inc., a Delaware corporation f/k/a Offshore
Logistics, Inc. (“Company”), and Michael R. Suldo, an individual (“Executive”). Company and
Executive are sometimes hereinafter each referred to as a “Party” and collectively as the
“Parties”.

     WHEREAS, the Parties entered into that certain Employment Agreement (the “Agreement”) dated
effective June 1, 2005, setting forth the terms under which Company would employ Executive; and

     WHEREAS, the Parties desire to amend the Agreement to provide a new definition of “Good
Reason” as provided in this Agreement.

     NOW, THEREFORE, in consideration of the mutual promises and premises contained herein, and
other good and valuable consideration, the receipt and sufficiency of which are hereby expressly
acknowledged, the Parties agree to amend the Agreement as follows:

     1. The Parties hereby amend the Agreement by deleting Section 10(aa) in its entirety and
replacing it with the following:

			
	     “(aa)	 	“Good Reason” shall mean, in the absence of the Executive’s consent,
(i) a material failure by the Company to comply with any of the material
provisions regarding the Executive’s position and duties set forth in Section 1
hereof or the Executive’s compensation and benefits set forth in Section 2
hereof, other than an isolated, insubstantial or inadvertent failure not
occurring in bad faith and which is remedied by the Company promptly after
receipt of notice thereof given by the Executive, (ii) the relocation of the
Executive’s job to a location more than fifty (50) miles from the Company’s
facility at 4605 Industrial Drive, New Iberia, Louisiana 70560 that creates an
unreasonable and material burden on the Executive or the Executive’s spouse and
children (if any), or (iii) any action or inaction by any member of the Board,
the Chief Executive Officer or the President, in connection with the business
of the Company, which (A) causes the Executive to be named as a party in a
Proceeding for which the Company does not provide Director’s and Officer’s
Insurance coverage for the Executive pursuant to Section 9(g) or
indemnification of the Executive pursuant to the Certificate of Incorporation
and Bylaws of the Company, or (B) requires or could reasonably be expected to
require the Executive to commit in connection with the discharge of the
Executive’s duties to the Company (1) malfeasance, fraud, or dishonesty, or
(2) a willful and material violation of Company policies or U.S. laws and
regulations (including SEC rules and regulations) or accounting and auditing
rules and regulations generally known as U.S. generally accepted accounting
principles and U.S. generally accepted auditing standards, or (3) any conduct
that could reasonably be expected to result in an indictment or formal charge
under

 

 

			
	 	 	
the laws of the United States or any political subdivision thereof for a
felony or a misdemeanor involving moral turpitude.”

     2. Capitalized terms used but not defined in this Amendment shall have the meanings ascribed
to such terms in the Agreement.

     3. This Amendment, which may be executed in one or more counterparts, is executed as and shall
constitute an amendment to the Agreement, and shall be construed in connection with and as a part
of the Agreement. Except as amended by this Amendment, all the terms and provisions of the
Agreement shall remain in full force and effect.

     4. This Amendment embodies the entire agreement and understanding between the Parties related
to the subject matter hereof, and supercedes and replaces any other agreement or understanding
between the Parties regarding the subject matter of this Amendment, whether written or oral, prior
to this Amendment. This Amendment may not be modified, amended, varied or supplemented except by
an instrument in writing signed by Company and Executive.

     5. This Agreement shall be interpreted and enforced in accordance with the laws of the State
of Delaware, without regard to any conflict of laws rule or provision.

     IN WITNESS WHEREOF, each Party has caused this Amendment to be executed by its duly authorized
representative effective as of the date first written above.

	 	 	 	 	 	 	 
	 

	 	BRISTOW GROUP, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 
	 	/s/ William E. Chiles
 

	 	 
	 

	 	Name: 
	 	William E. Chiles
 

	 	 
	 

	 	Title: 
	 	President and Chief Executive Officer
 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	/s/ Michael R. Suldo
 

	 	 
	 

	 	 	 	MICHAEL R. SULDOexv10w9

 

Exhibit 10.9

SECOND AMENDMENT TO

CHAMPION EMPLOYMENT AGREEMENT

     This is a SECOND AMENDMENT (“Second Amendment”), effective as of this 31st day of December,
2005, to that certain Employment Agreement dated as of June 16, 2003, as amended by that certain
First Amendment dated August 1, 2005 (as so amended, the “Employment Agreement”), by and between
CHARLES F. CHAMPION (the “Executive”) and YOUBET.COM, INC., a Delaware corporation (the “Company”)
(collectively, the “Parties”).

     WHEREAS, the Company and the Executive desire to amend the provisions of the Employment
Agreement.

     NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the Company
and the Executive hereby agree as follows:

     1. Employment; Duties and Acceptance. Paragraph 1 of the Employment Agreement is
amended by deleting the “Location of Employment” paragraph, and substituting the following in lieu
thereof:

“Location of Employment. Executive shall render his services primarily from the
Company’s headquarters in Southern California, provided, however, that the
Company recognizes and agrees that from time to time Executive may need to travel to
Pennsylvania to fulfill certain personal responsibilities.”

     2. Fringe Benefits. The Executive acknowledges and agrees that the Company’s prior
payments on account of, and the Company’s agreement to continue to pay the premiums due under,
Executive’s existing $9 million term life insurance policy satisfies the Company’s obligation to
pay the premiums for a “whole life” insurance policy, as set forth in Paragraph 4(a) of the
Employment Agreement.

     3. Duplicate Living Expenses. Paragraph 4(d) of the Employment Agreement shall be
amended to read as follows: “The Company agrees that it will continue to reimburse Executive for
his living expenses, at the existing per annum rate of $60,000 per year, in order to maintain his
additional home in Pennsylvania, for the extended period commencing June 17, 2005, and ending upon
the earliest to occur of the sale of Executive’s Pennsylvania residence (in which event such
reimbursement shall be prorated on a monthly basis) or June 30, 2006, provided,
however, that if such reimbursement is to continue beyond said date, the approval of the
Compensation Committee shall be required.”

 

 

     4. This Second Amendment will be effective as of the date first written
above.

     5. Except to the extent noted, and as may be necessary to give full force and
effect to the foregoing, the Employment Agreement shall continue unchanged, and in full force and
effect.

     IN WITNESS WHEREOF, each of the Parties has executed this Second
Amendment on the date(s) indicated below.

	 	 	 	 	 	 
	YOUBET.COM, INC.
	 	CHARLES F. CHAMPION
	 
	 	 	 	 
	By:

	 	/s/ Gary Sproule
	 	/s/ Charles Champion
	 

	 	 
	 	 
	 
	 	 	 	 
	Name:

	 	Gary Sproule
	 	Date:   January 11, 2006
	 
	 	 	 	 
	Title:

	 	Chief Financial Officer	 	 
	 
	 	 	 	 
	Date:

	 	January 11, 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]