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Exhibit 10.16    
    

Board of Directors Cash Compensation Plan
  (effective June 1, 2007) 

Cash Compensation  

All
directors receive a $15,000 annual cash retainer, paid quarterly. Board and committee chairs, and audit committee members, receive an additional annual cash retainer so that total annual retainers
are: 

	 
	 	Annual Retainer

	Chairman	 	$	40,000
	Audit Chair	 	$	30,000
	Nominating/Governance Chair	 	$	22,000
	Compensation Chair	 	$	25,000
	Director	 	$	15,000
	Non-Chair Audit Committee	 	 	Additional
	Member	 	$	5,000

Meeting
fees: 

	•
	$3,000
for participation in a physical Board meeting, either in person or telephonically.

	•
	$1,000
for participation in a physical committee meeting, either in person or telephonically.

	•
	$500
for participation in any telephonic meeting—either Board or committee. 

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Exhibit 10.25    
    

        FIRST AMENDMENT, dated as of December 28, 2007 (this "Amendment"), to the Senior Credit Agreement, dated as
of October 11, 2007 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among WEBSENSE, INC., a
Delaware corporation (the "Company"), the lenders from time to time parties thereto (the "Lenders"),
MORGAN STANLEY SENIOR FUNDING, INC., as senior administrative agent (in such capacity, the "Administrative Agent"), BANK OF AMERICA, N.A., as
syndication agent (in such capacity, the "Syndication Agent"), KEY BANK NATIONAL ASSOCIATION, JP MORGAN CHASE BANK, N.A. and CITIBANK, N.A., as
co-documentation agents (in such capacity, the "Co-Documentation Agents") and MORGAN STANLEY & CO. INCORPORATED,
as senior collateral agent (in such capacity, and together with its successors in such capacity, the "Collateral Agent"). 

        WHEREAS,
the Company, the Lenders, the Administrative Agent, the Syndication Agent, the Co-Document Agents and the Collateral Agent are parties to the Credit Agreement and
have agreed to amend the Credit Agreement in the manner and subject to certain limitations and conditions as provided for herein. 

        NOW,
THEREFORE, in consideration of the premises contained herein, the parties hereto agree as follows: 

        1.     Defined Terms.    Unless otherwise defined herein, terms which are defined in the Credit Agreement and used
herein as defined terms are so used as so defined. 

        2.     Amendments to the Credit Agreement. 

        (a)   Section 2.3
of the Credit Agreement is hereby amended by deleting the phrase "aggregate principal amount of the then outstanding Term Loans" set forth therein and
replacing it with the phrase "aggregate initial principal amount of the Term Loans". 

        (b)   Section 4.2(c)
of the Credit Agreement is hereby amended by deleting the date "December 31, 2007" set forth therein and replacing it with the date
"December 31, 2008". 

        3.     Consent.    The Borrower has notified the Administrative Agent that it intends to make a voluntarily prepayment
of the Term Loans in an amount equal to $20,000,000 on or before December 31, 2007 (the "2007 Prepayment"). Each of the Lenders hereby agrees
that, notwithstanding anything to the contrary set forth in Section 4.8 of the Credit Agreement, the 2007 Prepayment shall be applied to reduce the remaining installments of the Term Loan in
direct order of maturity. 

        4.     Representations and Warranties.    On and as of the date hereof, the Company hereby represents and warrants that
as of the date hereof, (i) after giving effect to the terms hereof, there exists no Default or Event of Default under the Credit Agreement or any of the Loan Documents, (ii) the Company
has the power and is duly authorized to enter into, deliver and perform this Amendment, and (iii) this Amendment is the legal, valid and binding obligation of the Company enforceable against
the Company in accordance with its terms. 

        5.     Conditions to Effectiveness.    Sections 2 and 3 of this Amendment shall become effective upon
satisfaction of the following conditions: (a) the Administrative Agent shall have received counterparts of this Amendment duly executed by the Company, each of the Required Lenders (in the case
of Sections 2 and 3) and each of the Term Lenders (in the case of Sections 2(b) and 3) and (b) all of the representations and warranties made in this Amendment shall
be true and correct. 

        6.     Continuing Effect; No Other Amendment or Consents.    Except as expressly provided herein, all of the terms and
provisions of the Credit Agreement and each of the Loan Documents are and shall remain in full force and effect. The amendments provided for herein are limited to the specific sections of the Credit
Agreement and each of the Loan Documents specified herein and shall not constitute a consent, waiver or amendment of, or an indication of the Administrative Agent's or the Lenders' willingness to
consent to any action requiring consent under any other provisions of the Credit Agreement or any of the Loan Documents or the same section for any other date or time period. The 

 

Company
acknowledges and agrees that this Amendment shall be deemed a Loan Document for all purposes under the Credit Agreement. 

        7.     Counterparts.    This Amendment may be executed in any number of counterparts by the parties hereto (including
by facsimile transmission), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument. 

        8.     GOVERNING LAW.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 

2

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written. 

	

 	
 	

WEBSENSE, INC.
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:
	

 	
 	

MORGAN STANLEY SENIOR FUNDING, INC.,

as Administrative Agent and as a Lender
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:
	

 	
 	

MORGAN STANLEY & CO. INCORPORATED,

as Collateral Agent
	

 	
 	

By:	
 	

	 	 	Name:

Title:
	

 	
 	

BANK OF AMERICA, N.A.,

as Syndication Agent and as a Lender
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:
	

 	
 	

KEY BANK NATIONAL ASSOCIATION,

as Co-Documentation Agent and as a Lender
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:

3

 

	

 	
 	

J.P. MORGAN CHASE BANK, N.A.,

as Co-Documentation Agent and as a Lender
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:
	

 	
 	

CITIBANK, N.A.,

as Co-Documentation Agent and as a Lender
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:

4

 

	

 	
 	
LENDERS
	

 	
 	

  
 as a Lender
	

 	
 	

By:	
 	

  

	 	 	Name:

Title:

5

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Exhibit 10.11    
    

 
 

BUCKEYE PARTNERS, L.P.
  2007 ANNUAL INCENTIVE COMPENSATION PLAN    
    

        Buckeye Partners, L.P. (the "Company") has an Annual Incentive Compensation Plan (the "Plan") for selected key employees of Buckeye Pipe Line Services
Company ("BPL"). The Plan applies to employees, who meet the eligibility requirements set forth below. The officers of Buckeye GP LLC, the general partner of the Company,
are not eligible to participate in the Plan. The objectives of the Plan are to create incentives for the management group to contribute to the overall performance of the Company and to motivate
participants to achieve individual goals. 

Target Award  

        Participants will be identified and target awards established at the beginning of each Award Period, or as soon thereafter as practicable. The Award Period will
be a calendar year. Target Awards will be expressed as a percentage of each participant's base salary. For 2007, the Target Awards will be 30% for employees in Grades 18 and higher; 20% for
those in Grade 17; 15% for those in Grades 15 and 16, 10% for those in Grade 12, 13 and 14; and 5% for all other exempt employees. The Company reserves the right to
vary these percentages in individual cases. 

Allocation Between Company Financial Performance and Personal Performance Objectives  

        65% of the Target Award will be based upon achievement of the operating income target in accordance with the
financial plan during the Award Period (the "Operating Income Objective"). This is the Company Financial Performance Allocation. The Operating Income
Objective will be communicated to participants during the first calendar quarter of the Plan year. 

        35% of the Target Award will be based upon personal performance and individual contribution to the organization (the
"Personal Objective"). This is the Personal Performance Allocation. 

Operating Income Objective  

        Achievement of operating income of at least $202.0 million (but less than stretch level performance) in
2007 is equivalent to Target performance. Should we achieve operating income of at least $202.0 million but less than $211 million, you will receive 100 percent of your Company
Financial Performance Allocation. Should operating income reach or exceed $211 million, you will receive 133 percent of your Company
Financial Performance Allocation. This would constitute stretch level performance. Should operating income be between $192 million and Target,
you will receive 50 percent of your Company Financial Performance Allocation. This would constitute Threshold level performance. Should operating income fall below $192 million, you will
not receive any of your Company Financial Performance Allocation. The levels of performance and respective payouts can be summarized as follows: 

	 	 	Below $192 million	 	0
	Threshold	 	$192 million	 	50 percent
	Target	 	$202.0 million	 	100 percent
	Stretch	 	$211 million	 	133 percent

Personal Objective  

        The participant's supervisor, in conjunction with their respective Vice President or Senior Vice President, will determine how each individual performed, and what
his or her overall contribution was to the organization, in relation to other participants, during the Award Period. Individual performance or contribution may be achieved at Threshold, Target or
Stretch level. The level of achievement will determine the cash payout with respect to the Personal Objective portion of the Plan. If it is 

 

determined
that the threshold level of performance was not met by the participant, there will be no payout for either  portion of the award; that is, the Company
Financial Performance Allocation or the Personal Performance Allocation. The Personal Objective portion cannot be paid out at more
than 100 percent unless Buckeye achieves at least target level performance in connection with the Operating Income Objective. The levels of achievement and respective payouts can be summarized
as follows: 

	 	 	0	 	No AIC payment at all
	Threshold	 	50 to 99 percent	 	 
	Target	 	100 percent	 	 
	Stretch	 	101 to 150 percent	 	Only if BPL Operating Income Target is Met

Plan Distributions  

        Distributions will normally occur in the first quarter of the year following the Award Period. 

Resignations, Retirements and New Hires  

        In order to receive any payment in connection with this Plan, a participant must be a regular, full-time employee for all of calendar year 2007. Thus,
if a participant resigns, retires or otherwise terminates his employment with the Company at any time during calendar year 2007, or if an employee is hired during calendar year 2007, that employee
will not be entitled to any payment under this Plan with respect to calendar year 2007. In addition, if an employee (i) voluntarily leaves the Company or (ii) an employee's employment is
terminated by the Company between the end of a calendar year and the date incentive compensation is paid with respect to that year, the employee will forfeit his or her right to the incentive
compensation payment. To the extent an employee retires between the end of a calendar year and the date incentive compensation is paid with respect to that year, the employee will be entitled to the
incentive compensation payment. 

Example #1:  

        A participant has a $12,000 Target Award. Their personal performance was determined to be at 75%. Operating Income was $205 mm. 

Personal Performance (35% of $12,000 = $4,200)  

        (Personal Performance within the Threshold range). 

75%
of $4,200 = $3,150 

Operating Income Objective (65% of $12,000 = $7,800)  

        (Operating Income met the Operating Income Objective Range at the Target level). 

$7,800 × 100% =
$7,800 

AIC Distribution  

	$	3,150	 	 
	7,800
	 	 
	$	10,950	 	= AIC payable

2

 

Example #2:  

        A participant has a $8,000 Target Award. Their personal performance was determined to be at 100%. Operating Income was $195 mm. 

Personal Performance (35% of $8,000 = $2,800)  

        (Personal Performance met the Target). 

100%
of $2,800 = $2,800 

Operating Income Objective (65% of $8,000 = $5,200)  

        (Operating Income met the Operating Income Objective Range at the Threshold level). 

$5,200 × 50% =
$2,600 

AIC Distribution  

	$	2,800	 	 
	2,600
	 	 
	$	5,400	 	= AIC payable

3

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Exhibit 10.11

BUCKEYE PARTNERS, L.P. 2007 ANNUAL INCENTIVE COMPENSATION PLAN

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