Document:

Exhibit 10.S

 

Exhibit 10(s)

C-COR Incorporated

Profit Incentive Plan (PIP)

Fiscal Year 2005

Executive Plan

1. Conceptual Basis of the Plan

The PIP plan is based upon the achievement of specific divisional and corporate
financial goals as established on an annual basis by the Board of Directors.
The plan allows eligible employees to share in the successes of the company,
while balancing the financial needs of the company to re-invest profits in
future operations. There are two main aspects of the measurement of
achievement of objectives:

1) Maximum payout (including fringes/taxes) will be 25% of cash flow from
operations* during the measurement period. If this results in a reduction of
payout, it will be pro-rated over eligible recipients.

2) Beginning at achievement of 100% or greater of divisional and/or corporate
financial goals, employees will be eligible to receive an incentive payment.
The divisional goals will be based on contribution income* and the corporate
goal will be operating profit*. The basic payment formula is as follows:

     Employee’s base wages X designated % = PIP Payment

* Financial measures will be according to GAAP accounting and will exclude
one-time expenses or revenue including but not limited to the sale/recovery of
Adelphia receivables. Final determination on inclusion or exclusion of
expenses or revenue in determining achievement of the financial goals will be
at the sole discretion of the Board of Directors upon presentation of the
relevant information by the officers of the Company.

2. Participant Eligibility

Full-time, active employees and part-time, active employees (working a minimum
of 20 hours per week/1040 hours per year) of C-COR Incorporated, Broadband
Management Solutions, LLC, C-COR Electronics Canada, and individuals within
subsidiary groups who are specifically identified as key management/ technical
leadership are eligible for this program:

The following employees are not eligible:

	–	 	Employees on Sales/Marketing Commission or Incentive Plans
	 
	–	 	Employees who are provided a specifically identified, alternative incentive bonus
	 
	–	 	Temporary Agency Employees, Independent Contractors, Co-op and Intern (part-time) Employees, Employees
paid on a piece rate basis

New Hires within the Fiscal Year and / or Terminated Employees –

An employee is eligible for a PIP payment if they have worked at least one full
fiscal quarter between June 26, 2004 and June 24, 2005 and are on the payroll
at the end of the fiscal measurement period (defined in section 4 below).
Employees who are impacted by a reduction-in-force during the measurement
period are eligible for a pro-rated payment if they have worked at least one
full fiscal quarter during the measurement period and agree to sign a general
release agreement. The formula for calculating a PIP payment takes into
account the pro-rationing of the payment amount to reflect the amount of time
the individual was actively employed during the payment period.

 

 

Employees on Leave (Disability; Workers’ Compensation; FMLA; Military Leave) –

An employee must be a full-time or part-time active employee in order to be
eligible for a payment. The individual would be eligible for a payment on a
pro-rata basis for the period of time that he/she was a full-time or part-time
active employee between June 26, 2004 and June 24, 2005.

3. Frequency and Timing of Payments

Achievement of financial metrics versus established goals will be reviewed
based on the fiscal year 2005. A review will take place after the completion
of the fiscal year. Following the audit (or review, in the case of interim
financial statements) of the financial statements, the Compensation Committee
will recommend any applicable PIP payments to the Board of Directors for final
approval. All decisions made by the Compensation Committee and/or Board of
Directors are final and binding (see Administration section 8 of this
document). Any payment approved will be disbursed to all eligible employees as
soon as practically possible following Compensation Committee and/or Board of
Directors approval.

4. Measurement Period

Measurement Period: June 26, 2004 to June 24, 2005

5. Financial Measures Weighting

1) Maximum payout (including fringes/taxes) will be 25% of cash flow from
operations* during the measurement period. If this results in a reduction of
payout, it will be pro-rated over eligible recipients.

2) Financial measures will be established for each division and for the
corporation.

Division Presidents:

For each Division President, the financial measures will be a FY05
divisional contribution income* goal as well as a FY05 operating profit *
goal for the corporation. The final goal achievement will be calculated
as follows:

     50% X Divisional Contribution Income Achievement %

+ 50% X Corporate Operating Income Achievement %

= Total Goal Achievement %

Corporate Officers:

A FY05 operating profit* goal will be established for the corporation.
The final goal achievement will be calculated as follows:

100% X Corporate Operating Profit* Achievement % = Total Goal Achievement %

* Financial measures will be according to GAAP accounting and will exclude
one-time expenses or revenue including but not limited to the sale or recovery
of Adelphia receivables. Final determination on inclusion or exclusion of
expenses or revenue in determining achievement of the financial goals will be
at the sole discretion of the Board of Directors upon presentation of the
relevant information by the officers of the Company.

 

 

6. Calculation of PIP Payment for Management

1) Maximum payout (including fringes/taxes) will be 25% of cash flow from
operations* during the measurement period. If this results in a reduction of
payout, it will be pro-rated over eligible recipients.

2) Payment calculations for divisional and/or corporate goals will be based on
Total Goal Achievement % with associated PIP payments as defined below:

	 	 	 
	Total Goal Achievement %
	 	PIP Payment

	Less than 100% of Plan

	 	0% payment
	 
	 	 
	Plan target at 100% achievement
of goal

	 	30% to 75% of base wages dependent upon
specific position. Officer positions will
be reviewed and approved by the
Compensation Committee. Senior management
will be approved by the CEO/Chairman of
the Board.
	 
	 	 
	101% to 120%

	 	Additional 1% multiplier at 101%;
additional 1% for each 1% above 101%
through 120%,
	 
	 	 
	

	 	Example:
	 
	 	 
	

	 	101% — 101.99% = 101% X 50% of wages
	

	 	102% — 102.99% = 102% X 50% of wages
	

	 	103% — 103.99% = 103% X 50% of wages.
	 
	 	 
	 

	 	120% and above = 120% X 50% of wages

7. Definition of base wages

Base wages are defined as the total base wages of an employee at the end of
each measurement period, not including any special compensation such as the
reimbursement of moving expenses, one-time bonuses, or the exercise of stock
options. Base wages do not include overtime, however shift differential will be
included in the calculation of base wages when applicable.

8. Administration

The Compensation Committee of the Board of Directors oversees the Plan. The
Compensation Committee and/or its delegate(s) are responsible for
administration of the plan.

Subject to the provisions of the Plan, the Compensation Committee and/or its
delegate(s) shall have the sole authority and discretion:

	i)	 	to construe and interpret the Plan;
	 
	ii)	 	to determine and approve the amount of payments to be made
within the Plan guidelines and to refer any exceptions or items
requiring further review to the Board of Directors for approval;

 

 

	iii)	 	to determine and approve the status and rights of any
participant or beneficiary to payments under the Plan;
	 
	iv)	 	to decide all questions concerning the Plan and to make all
other determinations and to take all other steps necessary or
advisable for the administration of the Plan.

All decisions made by the Compensation Committee and/or its delegate(s) or the
Board of Directors pursuant to the provisions of the Plan shall be final,
conclusive, and binding upon all parties. The Compensation Committee has
complete discretion in administering and interpreting the PIP Plan and in
granting or denying any payments described within the plan regardless of the
financial calculations presented.

9. Right to Withhold Taxes

The Company shall have the right to withhold such amounts from any payment
under this Plan as it determines necessary to fulfill any federal, state, or
local wage or compensation withholding requirements.

10. Non-Transferability of Rights

A participant’s rights and interests under the Plan may not be assigned or
transferred in whole or in part either directly or by operation of law or
otherwise (except in an event of the participant’s death), including, but not
limited to, by way of execution, levy, garnishment, attachment, pledge,
bankruptcy or in any other manner, and no such rights or interests of any
participant under the Plan shall be subject to any obligation or liability of
such participant other than any obligations or liabilities owed by the
Participant to the Company.

11. No Right to Continued Employment

Neither the Plan, nor any compensation payable under the Plan, shall confer
upon any participant any right to continuance of employment by the Company or
any affiliate of the Company nor shall they interfere in any way with the right
of the Company or any affiliate of the Company to terminate any participant’s
employment at any time.

12. No Claim Against Assets

Nothing in this Plan shall be construed as giving any participant or his or her
legal representative, or designated beneficiary, any claim against any specific
assets of the Company or any affiliate or as imposing any trustee relationship
upon the Company or any affiliate in respect of the participant.

The Company shall not be required to segregate any assets in order to provide
for the satisfaction of the obligations hereunder. If and to the extent that
the participant or his or her legal representative or designated beneficiary
acquires a right to receive any payment pursuant to this Plan, such right shall
be no greater than the right of an unsecured general creditor of the Company or
any affiliate.

13. Company’s Books and Records Conclusive

The Company’s books and records, and internal accounting procedures, will be
conclusive for all purposes under the Plan.

 

 

14. Amendment or Termination

The Company may at any time, terminate or modify or amend the Plan in any
respect, at any time prior to payment for the fiscal year. The Compensation
Committee may consider all applicable fiscal conditions at the time of payment
in making its final determinations of payment or non-payment of PIP funds.

15. No Other Agreements or Understandings

Except as expressly provided herein, this Plan represents the sole agreement
between the Company and participants concerning its subject matter and it
supersedes all prior agreements, arrangements, understandings, warranties,
representations, and statements between the parties concerning its subject
matter.

16. Governing Law

The Plan and all actions taken pursuant thereto shall be governed by, and
construed in accordance with, the laws of the State of Pennsylvania applied
without regard to conflict of law principles.Exhibit 4.2

                      URBAN TELEVISION NETWORK CORPORATION

                     UNANIMOUS WRITTEN CONSENT OF DIRECTORS

                                 August 31, 2004

         The undersigned,  constituting all of the directors of URBAN TELEVISION
NETWORK CORPORATION,  a Nevada corporation (the "Company"),  waiving all notice,
hereby  consent to the taking of the following  action  without the holding of a
meeting and hereby  adopt the  following  resolutions  which shall have the same
force and  effect  as if  adopted  by a  unanimous  vote at a meeting  called to
consider and act upon the same:

                  WHEREAS,  the Board of  Directors  of the Company has approved
         the creation of a plan to award shares of the  Company's  common stock,
         par value  $.0001 per share  ("Common  Stock"),  or options to purchase
         shares  of Common  Stock,  to  selected  certain  directors,  officers,
         employees of and certain persons rendering service to the Company,  all
         in accordance with the terms,  provisions,  and conditions set forth in
         the Urban Television Network Corporation 2003 Non-Qualified Stock Grant
         and Option Plan (the "Plan"); and further

                  WHEREAS,   the  Company  has  filed  with  the  United  States
         Securities and Exchange  Commission  (the  "Commission") a Registration
         Statement on Form S-8 (the  "Registration  Statement")  respecting  the
         2,000,000  shares of Common  Stock that may be issued  pursuant  to the
         Plan;

                  WHEREAS,  the Board of Directors of the Company now desires to
         amend the Plan to increase  from  2,000,000  to  6,800,000  the maximum
         number of shares of Common  Stock  that may be issued  pursuant  to the
         Plan;

                  NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of
         the Company  hereby  approves the  amendment of the second  sentence of
         Section 4 of the Plan, so that such sentence shall  henceforth  read in
         its entirety as follows:

                  "The  aggregate  number of shares  subject to stock grants and
                  options will not exceed  6,800,000 shares of Stock (subject to
                  adjustment as provided in Section 5.6)."

                  AND FURTHER  RESOLVED,  that the  appropriate  officers of the
         Company be and hereby are authorized,  empowered and directed,  for and
         on behalf of the Company,  to prepare or cause to be  prepared,  and to
         execute  and  file  with the  Commission,  pursuant  to the  Securities
         Exchange  Act of  1933,  as  amended,  and the  rules  and  regulations
         promulgated  thereunder,  another Registration Statement on Form S-8 to
         register  the  additional  shares  of Common  Stock  that may be issued
         pursuant to the Plan, in such form as the officers shall approve,  such
         approval  to be  conclusively  evidenced  by  the  executing  officers'
         execution thereof; and further

<PAGE>

                  RESOLVED,  that the appropriate officers of the Company be and
         each of them hereby is  authorized,  empowered  and  directed to do and
         perform  all such acts and things and to enter into and execute for and
         on behalf of the Company all such documents  which,  in the judgment of
         the  officer  taking such  action,  are  necessary  or  appropriate  to
         effectuate  and  carry out the  purposes  and  intent of the  foregoing
         resolutions.

         IN WITNESS WHEREOF, the undersigned have set their hands hereunto as of
the first date above written.

 /s/Lonnie G. Wright                                     /s/ Randy Moseley
------------------------                                ------------------------
   Lonnie G. Wright                                     Randy Moseley

 /s/ Edward Maddox                                       /s/ Clayton Wilkinson
------------------------                                ------------------------
    Edward Maddox                                       Clayton Wilkinson

 /s/ Carl Olivieri                                       /s/ Jacob R. Miles III
------------------------                                ------------------------
Carl Olivieri                                           Jacob R. Miles III

 /s/ Marc Pace                                           /s/ Stanley  Woods
------------------------                                ------------------------
Marc Pace                                               Stanley Woods

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