Document:

exv10w99

 

EXHIBIT 10.99

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the Quarterly Report of Gene Logic Inc. (the “Company”)
on Form 10-Q for the quarter ending September 30, 2002, as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), each of
Mark D. Gessler, the Chief Executive Officer of the Company, and Philip L.
Rohrer, Jr., the Chief Financial Officer of the Company, hereby certify,
pursuant to and for purposes of 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that, to his knowledge:

		
	 	(1) The Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

		
	 	(2) The information contained in the Report fairly presents, in all
material respects, the financial condition and results of operations of
the Company.

	 	 	 	 	 	 	 
	By:	 	
/s/ Mark D. Gessler
	 	By:
	 	/s/ Philip L. Rohrer, Jr.
	 	 	

	 	 	 	

	 	 	
Mark D. Gessler

Chief Executive Officer

November 13, 2002
	 	 	 	Philip L. Rohrer, Jr.

Chief Financial Officer

November 13, 2002exv10w1

 

Exhibit 10.1

SUNRISE ASSISTED LIVING, INC.

LONG TERM INCENTIVE CASH BONUS PLAN

EFFECTIVE AUGUST 23, 2002

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1.        PURPOSE

     The purpose of the Sunrise Assisted Living, Inc. Long Term Incentive Cash
Bonus Plan (the “Plan”) is to provide incentives to certain key officers and
other employees of the Company to contribute to the success of the Company’s
wholly-owned limited liability company (“Sunco”) and two (2) joint ventures, PS
UK Investment (Jersey) Limited Partnership and PS Germany Investment (Jersey)
Limited Partnership (“PRICOA/Sunrise JVs”), by linking the payment of cash
bonuses to the distribution of cash to the Company by Sunco with respect to
Sunco’s interest in the PRICOA/Sunrise JVs.

2.        DEFINITIONS

             2.1
“Administrative Committee” means a committee comprised of the Chairman
of the Board and Chief Executive Officer of the Company and the President of
the Company.

             2.2
“Beneficiary” means the person or persons so designated by a
Participant pursuant to Section 10.

             2.3
“Board” means the Board of Directors of the Company.

             2.4
“Bonus” or “Bonus Amount” means any amounts awarded to a Participant
pursuant to Section 5.

             2.5
“Bonus Account” means an account established and maintained for each
Participant with respect to any Bonus Amounts awarded to such Participant under
the Plan. The Bonus Accounts shall be memorandum bookkeeping accounts only.

             2.6
“Bonus Award Agreement” means a written agreement between the Company
and a Participant made pursuant to Section 6.

             2.7
“Cause” means, as determined by the Board, (i) fraud or theft against
the Company or a subsidiary or conviction (no longer subject to appeal) for a
felony offense; (ii) conviction (no longer subject to appeal) for a criminal
offense involving moral turpitude; (iii) compromising trade secrets or other
proprietary information of the Company, a subsidiary, or the PRICOA/Sunrise JVs
that would result in material harm to the Company, a subsidiary, or the
PRICOA/Sunrise JVs; (iv) willful or repeated failure or refusal to perform
material assigned duties that would result in material harm to the Company, a
subsidiary, or the PRICOA/Sunrise JVs; or (v) gross or willful misconduct that
causes substantial and material harm to the business and operations of the
Company, a subsidiary, or the PRICOA/Sunrise JVs.

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             2.8
“Change in Control” means (i) any person, other than Paul J.
Klaassen, Teresa M. Klaassen or their respective affiliates, associates or
estates, becomes, after the date hereof, the beneficial owner, directly or
indirectly, of securities of the Company representing 40% or more of the
combined voting power of the Company’s then outstanding securities; (ii)
during any two-year period, individuals who at the beginning of such period
constitute the Board (including, for this purpose, any director who after the
beginning of such period filled a vacancy on the Board caused by the
resignation, mandatory retirement, death, or disability of a director and
whose election or appointment was approved by a vote of at least two-thirds
of the directors then in office who were directors at the beginning of such
period) cease for any reason to constitute a majority thereof; (iii)
notwithstanding clauses (i) or (v) of this paragraph, the Company consummates
a merger or consolidation of the Company with or into another corporation,
the result of which is that the persons who were stockholders of the Company
at the time of the execution of the agreement to merge or consolidate own
less than 50% of the total equity of the corporation surviving or resulting
from the merger or consolidation or of a corporation owning, directly or
indirectly, 100% of the total equity of such surviving or resulting
corporation; (iv) the sale in one or a series of transactions of all or
substantially all of the assets of the Company; (v) any person, other than
Paul J. Klaassen, Teresa M. Klaassen or their respective affiliates,
associates or estates, has commenced a tender or exchange offer, or entered
into an agreement or received an option, to acquire beneficial ownership of
securities of the Company representing 40% or more of the combined voting
power of the Company’s then outstanding securities, unless the Board has made
a determination that such action does not constitute and will not constitute
a material change in the persons having control of the Company; (vi) the
consummation by the Company or a subsidiary of a merger (including a
triangular merger involving a subsidiary) or other business combination
transaction in which the Company issues equity securities representing 50% or
more of its then outstanding common stock in such merger or other
transaction; or (vii) there is a change of control in the Company of a nature
that would be required to be reported in response to Item 6(e) of Schedule
14A of Regulation 14A promulgated under the Securities Exchange Act of 1934,
as amended, other than in circumstances specifically covered by clauses (i)
through (vi) above.

             2.9
“Committees” mean the Administrative Committee and the Compensation
Committee.

             2.10
“Company” means Sunrise Assisted Living, Inc., a Delaware
corporation.

             2.11
“Compensation Committee” means the Compensation Committee of the
Board.

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             2.12
“Disability” shall have the same meaning as under the
Company-sponsored long-term disability plan.

             2.13
“Effective Date” means May 30, 2002, the effective date of the
PRICOA/Sunrise JVs.

             2.14
“Executive Officer” means an “executive officer” within the meaning
of Rule 3b-7 under the Securities Exchange Act of 1934.

             2.15
“Family Member” means a person who is a spouse, former spouse, child,
stepchild, grandchild, parent, stepparent, grandparent, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother, sister,
brother-in-law, or sister-in-law, including adoptive relationships, of the
Participant, any person sharing the Participant’s household (other than a
tenant or employee), a trust in which any one or more these persons have more
than fifty percent of the beneficial interest, a foundation in which any one or
more of these persons (or the Participant) control the management of assets,
and any other entity in which one or more these persons (or the Participant)
own more than fifty percent of the voting interests; provided, however, that to
the extent required by applicable law, the term Family Member shall be limited
to a person who is a spouse, former spouse, child, stepchild, grandchild,
parent, stepparent, grandparent, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including
adoptive relationships, of the Participant or a trust or foundation for the
exclusive benefit of any one or more of these persons.

             2.16
“Good Reason” means (i) a reduction in a Participant’s base salary
unless comparable adjustments are made for all officers and significant
employees of the Company and subsidiaries; (ii) a material reduction in a
Participant’s duties, responsibilities or authority, unless such reduction is
for Cause (as defined above), provided, however, that such material reduction
shall not be considered to have occurred as long as a Participant is an
executive officer of the Company with substantial responsibilities in the
operation of the Company; or (iii) relocation of the principal place of a
Participant’s performance of the services contemplated by his or her position
(the “Original Location”) to an area more than fifty (50) miles from the
Original Location; provided, however, if the Participant agrees to relocate,
the new location shall become the Original Location for purposes of the Plan
and the Bonus Agreements.

             2.17
“Normal Retirement” means termination of employment after attainment
of age 65. However, the Compensation Committee with respect to Executive
Officers and the Administrative Committee with respect to Non-Executive
Officers, within their discretion, may determine that a Participant who
terminates employment prior to age 65 has terminated by virtue of Normal
Retirement.

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             2.18
“Non-Executive Officer” means an employee of the Company or its
subsidiaries who is not an Executive Officer.

             2.19
“Participant” means a person who is designated, pursuant to Section
3, to be eligible to receive benefits under the Plan.

             2.20
“Plan” means this Sunrise Assisted Living, Inc. Long Term Incentive
Cash Bonus Plan, as amended from time to time.

             2.21
“Plan Year” means a period beginning on January 1 of each calendar
year and ending on December 31 of such calendar year, except that in the
calendar year in which the Plan was approved and adopted, Plan Year means the
period beginning on the Effective Date and ending on December 31 of such
calendar year.

             2.22
“PRICOA/Sunrise JVs” means the PS UK Investment (Jersey) Limited
Partnership and PS Germany Investment (Jersey) Limited Partnership joint
ventures.

             2.23
“Sunco” means a wholly-owned limited liability company of the Company
that owns a 10% carried interest in the PRICOA/Sunrise JVs.

             2.24
“Year of Service” means the total number of full years in which a
Participant has been employed by the Company. For purposes of this definition,
a year of employment shall be a 365 day period (or 366 day period in the case
of a leap year) that, for the first year of employment, commences on the
Participant’s date of hire and for any subsequent year, commences on an
anniversary of that hire date. Any partial year of employment shall not be
counted.

3.        ELIGIBILITY AND PARTICIPATION

             Participation
in the Plan shall be limited to officers and other employees
of the Company who are designated to be eligible. The Compensation Committee
will designate the Executive Officers to be eligible under the Plan. The Board
or the Administrative Committee will designate the Non-Executive Officers to be
eligible under the Plan. The Compensation Committee will determine the
Executive Officers who will participate under the Plan. The Administrative
Committee will determine the Non-Executive Officers who will participate under
the Plan.

4.        FUNDING OF BONUS POOL

             Cash
distributed to the Company by Sunco with respect to Sunco’s interest
in the PRICOA/Sunrise JVs shall be credited to a bonus pool (the “Bonus Pool”)
to fund the Plan.

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5.        ALLOCATION OF BONUS POOL AND BONUS AMOUNTS

             If
cash has been distributed to the Company by Sunco with respect to
Sunco’s interest in the PRICOA/Sunrise JVs and credited to the Bonus Pool,
twenty-five percentage (25%) of the Bonus Pool shall be available to fund
Bonuses to Executive
Officers (the “Executive Officer Bonus Pool”) and seventy-five percentage (75%)
of the Bonus Pool shall be available to fund Bonuses to Non-Executive Officers
(the “Non-Executive Officer Bonus Pool”).

             5.1        Executive

Officer Bonus Pool

             The
Compensation Committee will allocate the Executive Officer Bonus Pool
amounts as Bonuses to Executive Officer Participants in accordance with such
Participants’ Bonus Award Agreements. The Compensation Committee may allocate
amounts credited to the Executive Officer Bonus Pool as Bonuses at any time
during a Plan Year, after a Plan Year, or with respect to periods that include
more than one Plan Year. The Compensation Committee, in its sole discretion,
shall determine the percentage, if any, of the Executive Officer Bonus Pool
that is allocated to Executive Officer Participants. If the Compensation
Committee allocates less than 100% of the Executive Officer Bonus Pool to
Executive Officer Participants, then the percentage of the Executive Officer
Bonus Pool not allocated to Executive Officer Participants shall be allocated
to the Company. The Compensation Committee shall determine, in its sole
discretion, the Bonus Amount, if any, allocated to an Executive Officer
Participant. An Executive Officer Participant’s Bonus Amount, if any, shall be
credited to such Participant’s Bonus Account.

             5.2        Non-Executive

Officer Bonus Pool

             The
Administrative Committee will allocate the Non-Executive Officer Bonus
Pool amounts as Bonuses to Non-Executive Officer Participants in accordance
with such Participants’ Bonus Award Agreements. The Administrative Committee
may allocate amounts credited to the Non-Executive Officer Bonus Pool as
Bonuses at any time during a Plan Year, after a Plan Year, or with respect to
periods that include more than one Plan Year. The Administrative Committee, in
its sole discretion, shall determine the percentage, if any, of the
Non-Executive Officer Bonus Pool that is allocated to Non-Executive Officer
Participants. If the Administrative Committee allocates less than 100% of the
Non-Executive Officer Bonus Pool to Non-Executive Officer Participants, then
the percentage of the Non-Executive Officer Bonus Pool not allocated to
Non-Executive Officer Participants shall be allocated to the Company. The
Administrative Committee shall determine, in its sole discretion, the Bonus
Amount, if any, allocated to a Non-Executive Officer Participant. A
Non-Executive Officer Participant’s Bonus Amount, if any, shall be credited to
such Participant’s Bonus Account.

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6.        BONUS AWARD AGREEMENT

     Each Bonus awarded under the Plan shall be evidenced by a written
agreement (the “Bonus Award Agreement”) in such form or forms as the
Compensation Committee with respect to Executive Officer Participants and the
Administrative Committee with respect to Non-Executive Officer Participants
shall from time to time determine, which specifies the terms and conditions of
the Bonus. Bonus Award Agreements need not contain similar provisions but
shall be consistent with the terms of the Plan.

7.        VESTING

             7.1        Vesting
Schedule

             Except
as otherwise provided in a Bonus Award Agreement, each Bonus
awarded under the Plan shall vest and become distributable to the Participant
pursuant to Section 8 in accordance with the following schedule:

	 	 	 	 	 	 
	Years of Service From	 	 	 	 
	Date of Bonus Award	 	Vested Percentage
	Less than 1
	 	 	0	 
	At least 1
	 	 	20	 
	At least 2
	 	 	40	 
	At least 3
	 	 	60	 
	At least 4
	 	 	80	 
	 	5 or more
	 	 	100	 

             7.2        Acceleration
of Vesting

     Notwithstanding Section 7.1, a Participant shall become 100% vested in the
his or her Bonus upon (a) the Participant’s termination from employment by
reason of death, Disability, Normal Retirement or in connection with a Change
of Control, (b) the Participant’s termination of employment by the Company
without Cause, (c) termination of employment by the Participant for Good
Reason, or (d) the termination of the Plan pursuant to Section 12.2.

8.        DISTRIBUTIONS

             8.1        Form
and Timing of Distributions

             Accumulated
Bonus Amounts credited to a Participant’s Bonus Account that
have vested pursuant to Section 7, if any, shall be distributed to the

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Participant in the form of a cash lump sum payment as soon as practicable after
such Bonus Amounts have vested, subject to Section 9.

             Notwithstanding
any provision contained herein, no Bonus Amounts shall be
paid to any Participant under the Plan unless and until Sunrise Assisted Living
Investments, Inc. (“SALII”) receives distributions of Available Cash sufficient
to provide SALII with a return of its: (i) Capital Contributions and (ii)
any Party Loan made by SALII, made (with respect to Capital Contributions ) or
in existence (with respect to the Party Loans) as of the date of the initial
distribution of Available Cash to Sunco. The terms Available Cash, Capital
Contributions and Party Loans are as defined in the Limited Partnership
Agreements constituting the PRICOA/Sunrise JVs.

             
8.2        Withholding

             The
Company shall have the right to deduct from cash distributions
hereunder any federal, state, or local taxes required by law to be withheld
with respect to such distributions.

9.        TERMINATION OF EMPLOYMENT

             9.1        Termination
Prior To 100% Vesting

             If
a Participant’s employment with the Company terminates prior to the
Participant fully vesting in his or her Bonus Account under Section 7, then the
Participant shall forfeit all rights to receive any distribution for the
unvested portion of the Participant’s accumulated Bonus Account.

             9.2        Termination
Upon Death, Disability, or Retirement

             If
a Participant’s employment with the Company terminates by reason of the
Participant’s death, Disability, or Normal Retirement, then the Participant (or
the Participant’s Beneficiary in the case of a Participant’s death) shall be
eligible for the Bonus Amounts that would have otherwise been payable to him or
her with respect to the Plan Year of termination and all future Plan Years.
Such distribution(s), if any, will be made to the Participant (or the
Participant’s Beneficiary in the case of a Participant’s death) in the same
form and at the same time that all other Participants under the Plan receive
their distributions.

             9.3        Termination
Without Cause

             If
(a) the Company terminates a Participant’s employment other than for
Cause or (b) the Participant terminates the Participant’s employment at the
request of the Company, then the Participant shall be eligible for the Bonus
Amounts that would have otherwise been payable to him or her with respect to

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the Plan Year of termination and all future Plan Years. Such distribution(s),
if any, will be made to the Participant (or the Participant’s Beneficiary in
the case of a Participant’s death) in the same form and at the same time that
all other Participants under the Plan receive their distributions.

             9.4        Termination
For Good Reason

             If
a Participant terminates employment with the Company for Good Reason,
then the Participant shall be eligible for the Bonus Amounts that would have
otherwise been payable to him or her with respect to the Plan Year of
termination and all future Plan Years. Such distribution(s), if any, will be
made to the Participant in the same form and at the same time that all other
Participants under the Plan receive their distributions.

             9.5        Termination
In Connection With A Change In Control

             If
a Participant’s employment with the Company terminates in connection
with a Change of Control, then the Participant shall be eligible for the Bonus
Amounts that would have otherwise been payable to him or her with respect to
the Plan Year of termination and all future Plan Years. Such distribution(s),
if any, will be made to the Participant in the same form and at the same time
that all other Participants under the Plan receive their distributions.

             9.6        Other
Termination

             If
a Participant’s employment with the Company terminates for any reason
other than those specified in Sections 9.2 through 9.5, including, without
limitation, termination for Cause or termination without Good Reason, then the
Participant shall forfeit all rights to receive payment of any Bonus with
respect to that Plan Year and all future Plan Years.

10.        BENEFICIARY DESIGNATION

             Each
Participant may designate, by written notice to the Compensation
Committee with respect to Executive Officer Participants and the Administrative
Committee with respect to Non-Executive Officer Participants, any Family Member
as such Participant’s Beneficiary under the Plan. By written notice to such
Committee, a Participant may revoke the Participant’s designation of a
Beneficiary or change such Participant’s Beneficiary at any time prior to such
Participant’s death. If no Family Member has been designated by a Participant
as such Participant’s Beneficiary or if no designated Beneficiary survives such
Participant, such Participant’s Beneficiary shall be such Participant’s estate.

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11.        ADMINISTRATION

             
11.1        Committees

             The
Plan shall be administered by the Compensation Committee with respect
to Executive Officers and the Administrative Committee with respect to
Non-Executive Officers to whom the Board has delegated by resolution authority
relative to the Plan. The Compensation Committee with respect to Executive
Officers and the Administrative Committee with respect to Non-Executive
Officers may designate person(s) who are Company employees to oversee the
day-to-day administration of the Plan. The Board may exercise all powers
delegated to the Administrative Committee.

             11.2        General
Rights, Powers, and Duties of Committees

             The
Compensation Committee with respect to Executive Officers and the
Administrative Committee with respect to Non-Executive Officers shall be
responsible for the management, operation, and administration of the Plan.
Subject to the remaining terms of the Plan, the Compensation Committee with
respect to Executive Officers and the Administrative Committee with respect to
Non-Executive Officers shall, in addition to those provided elsewhere in the
Plan, have the following powers, rights, and duties:

             (a)        Designate
Participants;

             (b)        Determine
Bonus Amounts, if any;

             (c)        Establish
the terms and conditions of each Bonus;

             (d)        Prescribe
the form of each Bonus Award Agreement;

             (e)        Subject
to the terms of the agreements regarding the PRICOA/Sunrise
JVs, amend, modify, supplement, suspend, or terminate any outstanding Bonus
awarded under the Plan, provided that no such action shall adversely affect the
Bonus without the Participant’s consent thereto;

             (f)        Maintain
records concerning the Plan sufficient to prepare reports,
returns and other information required by the Plan or by law;

             (g)        Direct
the payment of benefits under the Plan, and to give such other
directions and instructions as may be necessary for the proper administration
of the Plan; and

             (h)        To
be responsible for the preparation, filing and disclosure on behalf
of the Plan of such documents and reports as are required by any applicable
federal or state law.

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             The
Compensation Committee with respect to Executive Officers and the
Administrative Committee with respect to Non-Executive Officers shall also have
the authority to adopt, alter, and repeal such administrative rules,
guidelines, and practices governing the Plan as it shall, from time to time,
deem advisable, to interpret the terms and provisions of the Plan and any award
issued under the Plan
(and any Bonus Award Agreement or other agreement relating thereto), and
to otherwise supervise the administration of the Plan.

             Any
determination made by the Compensation Committee with respect to
Executive Officers and the Administrative Committee with respect to
Non-Executive Officers pursuant to the provisions of the Plan with respect to
any awards, payments, or other transactions under the Plan shall be made in the
sole discretion of such Committee at the time of the award, payment, or other
transaction or, unless in contravention of any express term of the Plan, at any
time thereafter. All decisions made by the Compensation Committee with respect
to Executive Officers and the Administrative Committee with respect to
Non-Executive Officers pursuant to the provisions of the Plan shall be final
and binding on all persons, including the Company and Plan Participants.

             11.3        Information
to be Furnished to Committees

             Participants
and their Beneficiaries shall furnish to the Committees such
evidence, data, or information and execute such documents as the Committees
request.

             11.4        Responsibility
and Indemnification

             No
member of the Committees or of the Board or any person who is
designated to oversee the day to day administration of the Plan shall be liable
to any person for any action taken or omitted in connection with the
administration of this Plan unless attributable to his own fraud or willful
misconduct; nor shall the Company be liable to any person for any such action
unless attributable to fraud or willful misconduct on the part of a director,
officer, or employee of the Company within the scope of his or her Company
duties. Each member of the Committees shall be indemnified and held harmless
by the Company for any liability arising out of the administration of the Plan,
to the maximum extent permitted by law.

12.        AMENDMENT AND TERMINATION

             
12.1        Amendment

             The
Plan may be amended in whole or in part by the Company, by action of
the Board, at any time. No such action may adversely affect the Bonus of

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any
Participant without the Participant’s consent thereto. The Compensation
Committee with respect to Executive Officers and the Administrative Committee
with respect to Non-Executive Officers reserve the unilateral right to change
any rule under the Plan if it deems such a change necessary to avoid the
application of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), to the Plan.

             12.2        Company’s
Right to Terminate

             The
Company shall not terminate the Plan for five (5) years from the
Effective Date. After five (5) years from the Effective Date, the Company
reserves the sole right to terminate the Plan, by action of the Board, at any
time. No such action may adversely affect the Bonus of any Participant without
the Participant’s consent thereto. Notwithstanding the foregoing, if the
Company terminates the Plan prior to ten (10) years from the Effective Date,
then a Participant shall be entitled to receive the fair market value of the
Bonus Amount that would have otherwise been payable to him or her based upon
the projected distribution of cash to the Company by Sunco with respect to
Sunco’s interest in the PRICOA/Sunrise JVs as of the date of the Plan
termination. The Board shall determine the fair market value of such Bonus
Amount for an Executive Officer Participant. The Compensation Committee shall
determine the fair market value of such Bonus Amount for a Non-Executive
Officer Participant. If a Participant does not agree with the Board’s or
Compensation Committee’s determination of the Bonus Amount fair market value,
an independent third party appraiser shall be selected jointly by the Board and
an Executive Officer Participant or by Compensation Committee and a
Non-Executive Officer Participant to determine the Bonus Amount fair market
value. The determination of the independent third party appraiser shall be
final and binding on the Company and the Participant. The costs of the
independent third party appraiser shall be paid by the Company.

             12.3        Right to Terminate a Bonus

             Notwithstanding anything contained herein to the contrary, the Company
shall have the right to terminate a Bonus as to any or all Beneficiaries of
Participants if the Company determines, in its sole discretion, that the number
of persons entitled to receive distributions in connection with Bonuses under
the Plan might exceed 99. If the Company terminates a Bonus, the Beneficiary
shall be entitled to receive the fair market value of the Bonus Amount that
would have otherwise been payable to him or her based upon the projected
distribution of cash to the Company by Sunco with respect to Sunco’s interest
in the PRICOA/Sunrise JVs as of the date of the termination. The Board shall
determine the fair market value of such Bonus Amount for the Beneficiary of a
Non-Executive Officer. The Compensation Committee shall determine the fair
market value of such Bonus Amount for the Beneficiary of an Executive Officer.
If the Beneficiary does not agree with the Board’s or Compensation

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Committee’s
determination of the Bonus Amount fair market value, an independent third party
appraiser shall be selected jointly by the Board and the Beneficiary of a
Non-Executive Officer or by Compensation Committee and the Beneficiary of an
Executive Officer to determine the Bonus Amount fair market value. The
determination of the independent third party appraiser shall be final and
binding on the Company and the Beneficiary. The costs of the independent third
party appraiser shall be paid by the Company.

13.        MISCELLANEOUS

             13.1        No
Implied Rights; Rights on Termination of Service

             Neither
the establishment of the Plan nor any amendment thereof shall be
construed as giving any Participant, Beneficiary, or any other person any legal
or equitable right unless such right shall be specifically provided for in the
Plan or conferred by specific action of the Compensation Committee with respect
to Executive Officers and the Administrative Committee with respect to
Non-Executive Officers in accordance with the terms and provisions of the Plan.
Except as expressly provided in this Plan, the Company shall not be required
or be liable to make any payment under the Plan.

             13.2        No
Right to Assets of Company, Sunco, or PRICOA/Sunrise JVs

             Neither
the Participant nor any other person shall acquire, by reason of
the Plan, any right in or title to any assets, funds or property of the
Company, Sunco, or the PRICOA/Sunrise JVs whatsoever including, without
limiting the generality of the foregoing, any specific funds, assets, or other
property which the Company, Sunco, or the PRICOA/Sunrise JVs, in their sole
discretion, may set aside in anticipation of a liability hereunder. Any
benefits which become payable hereunder shall be paid from cash distributed to
the Company by Sunco with respect to Sunco’s interest in the PRICOA/Sunrise
JVs. The Participant shall have only a contractual right to the amounts, if
any, payable hereunder unsecured by any asset of the Company, Sunco, or the
PRICOA/Sunrise JVs. Nothing contained in the Plan constitutes a guarantee by
the Company, Sunco, or the PRICOA/Sunrise JVs that the assets held in the Bonus
Pool shall be sufficient to pay any benefit to any person.

             13.3        No
Employment Rights

             Nothing
herein shall constitute a contract of employment or of continuing
service or in any manner obligate the Company to continue the services of the
Participant, shall obligate the Participant to continue in the service of the
Company, or shall serve as a limitation of the right of the Company to
discharge any of its employees, with or without cause. Nothing

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herein shall be
construed as fixing or regulating the compensation payable to the Participant.

             13.4        Other
Benefits

             No
Bonus paid under the Plan shall be considered compensation for purposes
of computing benefits under any “employee benefit plan” (as defined in Section
3(3) of ERISA) of the Company nor affect any benefits or compensation under any
other benefit or compensation plan of the Company now or subsequently in effect
(except as provided to the contrary in such Company plan).

             
13.5        Offset

             If,
at the time payments are to be made hereunder, the Participant or the
Beneficiary or both are indebted or obligated to the Company, then the payments
under the Plan remaining to be made to the Participant or the Beneficiary or
both may, at the discretion of the Company, be reduced by the amount of such
indebtedness or obligation, provided, however, that an election by the Company
not to reduce any such payment or payments shall not constitute a waiver of its
claim for such indebtedness or obligation.

             
13.6        Non-assignability

             Neither the Participant nor any other person shall have any voluntary or
involuntary right to commute, sell, assign, pledge, anticipate, mortgage, or
otherwise encumber, transfer, hypothecate, or convey in advance of actual
receipt the amounts, if any payable hereunder or any part thereof, which are
expressly declared to be unassignable and non-transferable. No part of the
amounts payable prior to actual payment shall be subject to seizure or
sequestration for the payment of any debts, judgments, alimony, or separate
maintenance owed by the Participant or any other person, or be transferable by
operation of law in the event of the Participant’s or any other person’s
bankruptcy or insolvency.

             13.7        Notice

             Any notice required or permitted to be given under the Plan shall be
sufficient if in writing and hand delivered, sent by registered or certified
mail, or sent by facsimile to the Company at its principal office, directed to
the attention of the Compensation Committee with respect to Executive Officers
and the Administrative Committee c/o the President of the Company with respect
to Non-Executive Officers. Such notice shall be deemed given as of the date of
delivery or, if delivery is made by mail or facsimile, as of the date shown on
the postmark, facsimile, or the receipt for registration or certification.

14

 

             13.8        Governing
Law

             The Plan and all awards made and actions taken under the Plan shall be
governed and construed according to the laws of the State of Delaware (without
regard to the choice of law rules thereof.)

             13.9        Gender
and Number

             Where
appropriate, references in this Plan to the masculine shall include
the feminine, and references to the singular shall include the plural.

             
13.10        Severability

             In
the event any provision of the Plan shall be held legally invalid for
any reasons, the illegality or invalidity shall not affect the remaining parts
of the Plan,
and the Plan shall be construed and enforced as if the illegal or invalid
provision had not been included.

15

 

             This
Plan was duly adopted and approved by the Compensation Committee of
the Board of Directors of the Company on the 23rd of August, 2002.

	 	 
	 	/s/ Julian Myers Benton

Julian Myers Benton

Assistant Secretary

16

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	1.	 	
PURPOSE
	 	 	2	 
	2.	 	
DEFINITIONS
	 	 	2	 
	3.	 	
ELIGIBILITY AND PARTICIPATION
	 	 	5	 
	4.	 	
FUNDING OF BONUS POOL
	 	 	5	 
	5.	 	
ALLOCATION OF BONUS POOL AND BONUS AMOUNTS
	 	 	6	 
	 	 	
5.1    Executive Officer Bonus Pool
	 	 	6	 
	 	 	
5.2    Non-Executive Officer Bonus Pool
	 	 	6	 
	6.	 	
BONUS AWARD AGREEMENT
	 	 	7	 
	7.	 	
VESTING
	 	 	7	 
	 	 	
7.1    Vesting Schedule
	 	 	7	 
	 	 	
7.2    Acceleration of Vesting
	 	 	7	 
	8.	 	
DISTRIBUTIONS
	 	 	7	 
	 	 	
8.1    Form and Timing of Distributions
	 	 	7	 
	 	 	
8.2    Withholding
	 	 	8	 
	9.	 	
TERMINATION OF EMPLOYMENT
	 	 	8	 
	 	 	
9.1    Termination Prior To 100% Vesting
	 	 	8	 
	 	 	
9.2    Termination Upon Death, Disability, or Retirement
	 	 	8	 
	 	 	
9.3    Termination Without Cause
	 	 	8	 
	 	 	
9.4    Termination For Good Reason
	 	 	9	 
	 	 	
9.5    Termination In Connection With A Change In Control
	 	 	9	 
	 	 	
9.6    Other Termination
	 	 	9	 
	10.	 	
BENEFICIARY DESIGNATION
	 	 	9	 
	11.	 	
ADMINISTRATION
	 	 	10	 
	 	 	
11.1    Committees
	 	 	10	 
	 	 	
11.2    General Rights, Powers, and Duties of Committees
	 	 	10	 
	 	 	
11.3    Information to be Furnished to Committees
	 	 	11	 
	 	 	
11.4    Responsibility and Indemnification
	 	 	11	 
	12.	 	
AMENDMENT AND TERMINATION
	 	 	11	 
	 	 	
12.1    Amendment
	 	 	11	 
	 	 	
12.2    Company’s Right to Terminate
	 	 	12	 
	 	 	
12.3    Right to Terminate a Bonus
	 	 	12	 
	13.	 	
MISCELLANEOUS
	 	 	13	 
	 	 	
13.1    No Implied Rights; Rights on Termination of Service
	 	 	13	 
	 	 	
13.2    No Right to Assets of Company, Sunco, or PRICOA/Sunrise JVs
	 	 	13	 
	 	 	
13.3    No Employment Rights
	 	 	13	 
	 	 	
13.4    Other Benefits
	 	 	14	 
	 	 	
13.5    Offset
	 	 	14	 
	 	 	
13.6    Non-assignability
	 	 	14	 
	 	 	
13.7    Notice
	 	 	14	 
	 	 	
13.8    Governing Law
	 	 	15	 
	 	 	
13.9    Gender and Number
	 	 	15	 
	 	 	
13.10  Severability
	 	 	15	 

17

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