Document:

Standing resolution for non-employee director cash fees

 Exhibit 10(iii)(f.1) 
  
 Resolution Adopted by the Board of Directors 
 Regarding Cash Compensation of Non-employee Directors 
  
 September 27, 2000 
  
 RESOLVED,
that, effective October 1, 2000, each member of the Board of Directors who is not an employee of the Corporation or of any of its affiliated companies (a “non-employee director”) be compensated at the rate of $75,000 per annum, and that in
addition, 
  
 (a) each non-employee director be compensated at the
rate of $15,000 per annum for each membership held on the Board Audit Committee or the Board Compensation Committee and at the rate of $8,000 per annum for each membership held on any other committee established by the Board of Directors or by the
Executive Committee, except for the Executive Committee itself; and 
  
 (b) each non-employee director designated as Chairman of the Board Audit Committee or the Board Compensation Committee be compensated at the rate of $10,000 per annum and each non-employee director designated as Chairman of any other
committee of the Board, except the Executive Committee, be compensated at the rate of $7,000 per annum; and 
  
 (c) non-employee directors receive no additional fees for attendance at regular or special meetings of the Board or any committee of the Board, or for
execution of written consents to action in lieu of meetings of the Board or any such committee, but be reimbursed for reasonable expenses if any; and that the resolutions regarding non-employee director remuneration adopted by the Board of Directors
on January 25, 1995 be, and hereby are, revoked.Form of stock option granted to Mobil executive officers.

 Exhibit 10(iii)(g.2) 
  
 STOCK OPTION TERMS AND CONDITIONS 
 February 26, 1999 Grant 
  
 TERM OF
THE OPTION 
  
 The February 26, 1999 stock option grant for the purchase
of Mobil Corporation Common Stock will become fully exercisable beginning February 26, 2002 when you have completed three years of Mobil service after the grant date. The options have a 10-year term and will expire at 4:30 p.m. (Eastern Standard
Time) on February 25, 2009 (or earlier, as provided in section 6.8 or 6.9 of the 1995 Mobil Incentive Compensation and Stock Ownership Plan referred to as the “Plan”). You are urged to make note of these dates since no further
communication will be provided to you when these options become exercisable or expire. 
  
 TRANSFERABILITY 
  
 The options covered by this grant are
not transferable other than by will or the laws of descent and distribution and may be exercised during your lifetime only by you. 
  
 SPECIAL PROVISIONS 
  
 If you die while you are an employee, any rights you had immediately prior to your death to exercise the options granted to you hereunder during its remaining term shall
pass to the person(s) designated in your will or determined by the laws of intestacy. In addition, any of your options that were not exercisable shall be immediately exercisable for the remaining term. 
  
 If your employment terminates for any reason other than death before the options granted to
you hereunder become fully exercisable, the Board Compensation Committee may, in its absolute discretion, determine (but shall be under no obligation to determine) that the three-year service requirement of such options may be waived so as to avoid
forfeiture and make the options immediately exercisable in whole or in part. Any exercise in such situations is subject to the provisions of Plan sections 6.8 and 6.9. Employees must generally complete the full calendar year in which the option was
granted before waiver of the service requirement will be considered by the Committee. 
  
 CONDITIONS 
  
 The stock option grant is subject to the
terms and conditions specified in the Plan, which is incorporated by reference as part of the Award Notification and the Stock Option Terms and Conditions. 
  
 TAX MATTERS 
  
 Below is general information regarding the tax treatment of options. Additional information is available through the “ICP icon,” if you are on Lotus Notes mail. 
  
 US Executives 
  
 Under current federal tax law, you have no tax liability on account of your stock option grant. However, your tax liability at exercise
depends upon the type of option granted to you. The portion of your option grant designated as ISOs are not subject to regular tax upon exercise. Mobil therefore withholds no taxes from your ISO exercises. You will generally recognize taxable income
when you sell your ISO shares. NQSOs, on the other hand, are subject to tax upon exercise, and Mobil is required to immediately collect applicable payroll taxes (federal and state income taxes and FICA). 
  
 Executives on Non-US Payroll 
  
 Due to the different tax laws in each country, you are strongly encouraged to consult with
your tax advisor regarding the tax consequences of your stock option grant, the exercise of your options, and the sale of your option stock. If you are working outside your home country at the time of exercise, a “hypothetical” home
country tax will be collected at the time of exercise, in accordance with applicable Mobil policy.Executive Compensation

 EXHIBIT 10.20 
  
 EXECUTIVE COMPENSATION 
  
 On February 11, 2004, the Company’s Compensation and Management Development Committee (the “Compensation Committee”) took the following
actions with respect to the named executive officers of the Company as determined as of December 31, 2003 (the “named executive officers”). 
  

	 	1.	 	Long-Term Incentive Grants. Each of the restricted stock unit awards described below was made pursuant to, and is governed by, the terms of the Barnes Group Inc. Stock and Incentive
Award Plan, which has been previously approved by the Company’s stockholders. Each of the stock option grants described below was made pursuant to, and is governed by, the terms of the Barnes Group Inc. Employee Stock and Ownership Program,
which has been previously approved by the Company’s stockholders. 

  

					
	 	  	Long-Term Incentive Grants

	 	  	 Restricted
 Stock Units

	  	 Stock
 Options

	 E.M. Carpenter
 President and
 Chief Executive Officer
	  	25,000	  	75,000
			
	 W.C. Denninger
 Senior Vice President,
 Finance and Chief Financial Officer
	  	12,000	  	13,000
			
	 A.K. Drewett
 Vice President,
 Barnes Group Inc. and
 President, Barnes Distribution
	  	12,000	  	13,000
			
	 S.S. Gates
 Senior Vice President,
 General Counsel and Secretary
	  	11,000	  	9,100
			
	 G.F. Milzcik1
 Vice President,
 Barnes Group Inc. and President, Associated Spring
	  	12,000	  	13,000

	1	 	Mr. Milzcik was appointed President, Associated Spring on December 8, 2004. Prior to that, he
was President, Barnes Aerospace. 

 EXHIBIT 10.20 
  
 Each restricted stock unit award entitles the holder to receive, without payment to the Company, the number of shares of
the Company’s Common Stock, par value $.01 (the “Common Stock”) equal to the number of restricted stock units that become vested and to receive dividend equivalents on the restricted stock units determined by multiplying the number of
restricted stock units by the dividend per share paid on the Common Stock on each date on which a dividend is paid to the holders of Common Stock. The restricted stock units vest six and one-half years from the grant date; provided, that in the
event the fair market value of the Common Stock equals or exceeds $51.56 per share for a period of 30 consecutive trading days, then 50% of the restricted stock units will vest as of the end of such 30-day period and the remainder shall vest on the
earlier of the one-year anniversary of such 30-day period or the normal vesting date; provided further, that upon a change-in-control of the Company all restricted stock units vest. 
  
 The vesting schedule for each of the stock option awards is 33.34% on November 11, 2004 and 33.33% on each of August 11,
2006 and August 11, 2008. The exercise price of each stock option is $29.54, the fair market value of a share of the Common Stock on the date of the grant, determined in accordance with the Employee Stock and Ownership Program. 
  
 Additionally, Mr. E.M. Carpenter was awarded 24,000 performance share units
on February 11, 2004. Subject to meeting specified earnings per share targets, the performance share units are to be earned as follows: for the 2004 fiscal year, 5,000 performance share units; the 2005 fiscal year, 15,000 performance share units;
and the 2006 fiscal year, 4,000 performance share units; provided, that upon a change-in-control of the Company all of the performance share units shall be deemed to be earned. On March 1 of each year following the year in which the performance
share units are earned, the number of shares of Common Stock equal to the number of earned performance share units will be delivered to him. He is entitled to receive dividend equivalents on all earned performance share units based upon dividends
paid on outstanding shares of Common Stock. 
  
 With respect to
incentive stock units previously granted to Mr. E.M. Carpenter that could be earned in 2003 upon attainment of targeted earnings per share levels, the Compensation Committee determined that 75% of the shares available to be earned for fiscal 2003,
13,500 shares, had been earned. 
  
  

 EXHIBIT 10.20 

	 	2.	 	Salary. 

  
 The Compensation Committee approved the following with respect to the named executive officers. 
  

				
	 	  	Salary

	 E.M. Carpenter
 President and
 Chief Executive Officer
	  	$	755,000
		
	 W.C. Denninger
 Senior Vice President,
 Finance and Chief Financial Officer
	  	$	345,000
		
	 A.K. Drewett
 Vice President,
 Barnes Group Inc. and
 President, Barnes Distribution
	  	$	332,000
		
	 S.S. Gates
 Senior Vice President,
 General Counsel and Secretary
	  	$	305,000
		
	 G.F. Milzcik
 Vice President, Barnes Group Inc. and
 President, Associated Spring
	  	$	322,000

  
 On December 8, 2004
the Compensation Committee approved the following actions pursuant to the Barnes Group Inc. Stock and Incentive Award Plan in connection with the appointment of Gregory F. Milzcik as President, Associated Spring. 
  
 Mr. Milzcik was granted 15,000 stock options. The stock options will vest
at the rate of 33.34% on June 8, 2005 and 33.33% on each of June 8, 2007 and June 8, 2009. The exercise price of each stock option is $26.57, the fair market value of a share of the Company’s Common Stock on the date of the grant, determined in
accordance with the Stock and Incentive Award Plan. 
  
 In
connection with his appointment, the Compensation Committee set Mr. Milzcik’s annual salary at $370,000. 

 EXHIBIT 10.20 

	 	3.	 	Bonus Awards. 

  
 The Compensation Committee granted the following cash bonuses pursuant to the Company’s Performance-Linked Bonus Plan for Selected Executive
Officers (“PLBP”) to the named executive officers. For the named executives other than Messrs. Drewett and Milzcik, awards were based on target 2003 revenue and earnings per share levels set on February 12, 2003 by the Compensation
Committee. Messrs. Drewett’s and Milzcik’s awards were based on target 2003 operating group revenue and profitability after tax levels set on February 12, 2003 by the Compensation Committee. 
  

				
	 	  	Bonus Award

	 E.M. Carpenter
 President and
 Chief Executive Officer
	  	$	417,818
		
	 W.C. Denninger
 Senior Vice President,
 Finance and Chief Financial Officer
	  	$	108,921
		
	 A.K. Drewett
 Vice President,
 Barnes Group Inc. and,
 President, Barnes Distribution
	  	$	101,837
		
	 S.S. Gates
 Senior Vice President,
 General Counsel and Secretary
	  	$	101,659
		
	 G.F. Milzcik
 Vice President,
 Barnes Group Inc. and
 President, Associated Spring
	  	$	181,648

  
 The Compensation
Committee also established target revenue and earnings per share amounts with respect to bonus payouts under the PLBP for fiscal year 2004.

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