Document:

Exhibit 10e(i)

AMENDMENT NO. 1

TO

KAMAN CORPORATION

CASH BONUS PLAN

(As Amended and Restated as of January 1, 2008)

 

WHEREAS, Kaman Corporation (the "Company") has previously adopted a Cash Bonus Plan (Amended and Restated as of January 1, 2008 (the "Plan"); and

WHEREAS, the Company’s Board of Directors desires to correct a mistake in the terms of Section 6 of the Plan which fails to properly describe one of the performance metrics that has been applicable to Corporate participants in the Plan consistently since the 2004 Award Year;

NOW THEREFORE, the Plan is amended as follows:

	 	
1. 

	
Performance Objectives for Corporate Participants

a.           All references to “pre-tax profits” or “consolidated pre-tax profits” in Section 6 of the Plan are hereby deleted and replaced with the words “fully diluted earnings per share”.

	
  

	
2.

	
Effective Date.  This Amendment shall take effect beginning with the 2011 Award Year.

	
  

	
3.

	
Capitalized Terms.  Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan.

	 	
4.

	
Full Force and Effect.  Except as modified and amended by this document, the Plan remains in full force and effect.

IN WITNESS WHEREOF, Kaman Corporation has caused this Amendment No. 1 to be executed as of February 22, 2011.

	
ATTEST:

	  	  	
KAMAN CORPORATION

	  	  	  	  
	
/s/ Candace A. Clark

	  	
By:

	
/s/ William C. Denninger

	
Candace A. Clark

	  	  	
William C. Denninger

	
Its: Secretary

	  	  	
Its:

 

	
Senior  Vice President and

Chief Financial OfficerExhibit
4.11

    

    PARK
NATIONAL CORPORATION

    50 North
Third Street

    Post
Office Box 3500

    Newark,
Ohio 43058-3500

    (740)
349-8451

    www.parknationalcorp.com

    

    February 28,
2011

    

    United
States Securities and Exchange Commission

    100 F
Street, N.E.

    Washington,
D.C.  20549

    

    
      
        	 
      	
                Re:

              	
                Park
      National Corporation

              
	 
      	 
      	
                Commission
      File Number: 1-13006

              
	 
      	 
      	
                Annual
      Report on Form 10-K for the Fiscal Year

              
	 
      	 
      	
                Ended
      December 31, 2010

              

      

    

    

    Ladies
and Gentlemen:

    

    Park
National Corporation, an Ohio corporation (“Park”), is today filing with the
Securities and Exchange Commission (the “SEC”) the Annual Report on Form 10-K of
Park for the fiscal year ended December 31, 2010 (“Park’s 2010 Form
10-K”).

     

    Neither
(i) Park nor (ii) any of Park’s consolidated subsidiaries has outstanding any
instrument or agreement with respect to its long-term debt under which the total
amount of long-term debt authorized exceeds 10% of the total assets of Park and
Park’s subsidiaries on a consolidated basis.  In accordance with the
provisions of Item 601(b)(4)(iii) of SEC Regulation S-K, Park hereby agrees to
furnish to the SEC, upon request, a copy of each instrument or agreement
defining (i) the rights of holders of long-term debt of Park or (ii) the rights
of holders of long-term debt of a consolidated subsidiary of Park, in each case
which is not being filed or incorporated by reference as an exhibit to Park’s
2010 Form 10-K.

     

    
      
        	 
      	
                Very
      truly yours,

              	 
      
	 
      	 
      	 
      
	 
      	
                PARK
      NATIONAL CORPORATION

              	 
      
	 
      	 
      	 
      
	 
      	
                /s/ John W. Kozak

              	 
      
	 
      	
                John
      W. Kozak

              	 
      
	 
      	
                Chief
      Financial OfficerExhibit
10.1

    

    Summary
of Base Salaries

    for

    Executive Officers of Park
National Corporation

    

    On
February 8, 2011, the Compensation Committee of the Board of Directors of Park
National Corporation (“Park”) approved the base salaries for the fiscal year
ending December 31, 2011, for each of the executive officers of
Park:  (a) C. Daniel DeLawder, Chairman of the Board and Chief
Executive Officer of Park and The Park National Bank, a subsidiary of Park;
(b) David L. Trautman, President and Secretary of Park and President of The
Park National Bank; and (c) John W. Kozak, Chief Financial Officer of Park
and Senior Vice President and Chief Financial Officer of The Park National
Bank.  Those
base salaries are:

     

    * C. Daniel DeLawder
— $773,525

     

    * David L. Trautman —
$563,250

     

    * John W. Kozak —
$414,455Exhibit
10.7

    

    Summary
of Certain Compensation for

    Directors of Park National
Corporation

    

    Annual
Retainers and Meeting Fees

     

    Each
director of Park National Corporation (“Park”) who is not an employee of Park or
one of Park’s subsidiaries (a “non-employee director”) receives, on the date of
the regular meeting of the Park Board of Directors held during the fourth fiscal
quarter, an annual retainer in the form of 120 common shares of Park awarded
under the Park National Corporation Stock Plan for Non-Employee Directors of
Park National Corporation and Subsidiaries (the “Directors’ Stock
Plan”).

     

    Each
non-employee director receives $1,000 for each meeting of the Park Board of
Directors attended and $400 for each meeting of a committee of the Park Board of
Directors attended.  If the date of a meeting of the full Board of
Directors is changed from that provided for by resolution of the Board and a
non-employee director is not able to attend the rescheduled meeting, he or she
receives the meeting fee as though he or she attended the meeting.

     

    In
addition, each member of the Executive Committee of the Park Board of Directors
receives a $2,500 annual cash retainer and each member of the Audit Committee of
the Park Board of Directors (other than the Chair) receives a $2,000 annual cash
retainer.  The Chair of the Audit Committee receives a $5,000 annual
cash retainer.

     

    Each
non-employee director of Park also serves on the board of directors of The Park
National Bank, the national bank subsidiary of Park (“PNB”), or on the advisory
board of one of PNB’s divisions, and receives, on the date of the regular
meeting of the Park Board of Directors held during the fourth fiscal quarter, an
annual retainer in the form of 60 common shares of Park awarded under the
Directors’ Stock Plan and, in some cases, a specified amount of cash for such
service as well as fees for attendance at meetings of the board of directors of
PNB or the advisory board of the applicable division of PNB (and committees of
the respective boards).

     

    In
addition to the annual retainers and meeting fees discussed above, non-employee
directors also receive reimbursement of all reasonable travel and other expenses
of attending board and committee meetings.

     

    C. Daniel
DeLawder, Harry O. Egger, William T. McConnell, William A.
Phillips and David L. Trautman receive no compensation for:
(a) serving as a member of the Board of Directors of Park; (b) serving
as a member of the board of directors of PNB or the advisory board of one of its
divisions; or (c) serving as a member of any committee of the respective
boards.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Other
Compensation

     

    William
T. McConnell is employed by PNB in a non-executive officer
capacity.  In such capacity, he received the amount of $33,000 during
the fiscal year ended December 31, 2010 (the “2010 fiscal
year”).  William A. Phillips is employed by the Century National
Bank Division of PNB, in a non-executive officer capacity.  In such
capacity, he received the amount of $33,000 during the 2010 fiscal
year.  Harry O. Egger is employed by the Security National Bank
Division of PNB in a non-executive officer capacity.  In such
capacity, Mr. Egger received $33,000 during the 2010 fiscal
year.

    
      
         

      

      
        -2-Exhibit
10.12(b)

    

    Schedule
identifying

    Non-Employee
Directors of Park National Corporation

    covered
by

    Split-Dollar Agreements,
made and entered into effective as of December 28, 2007

    

    The following directors of Park
National Corporation (“Park”) are covered by Split-Dollar Agreements (the “New
Split-Dollar Agreements”) as identified below, which Split-Dollar Agreements are
identical to the form of Split-Dollar Agreement, made and entered into effective
as of December 28, 2007, filed as Exhibit 10.2(a) to Park’s Current Report
on Form 8-K dated January 2, 2008 (File No. 1-13006):

    

    
      
        
          
            
              
                
                  	
                           

                          Name of Director

                        	 
      	
                          Subsidiary of Park which is a Party to

                          New Split-Dollar Agreement

                        	 
      	
                          Date of New Split-

                          Dollar Agreement

                        
	 
      	 
      	 
      	 
      	 
      
	
                          Maureen
      H. Buchwald

                        	 
      	
                          The
      Park National Bank (as successor by merger to The First-Knox National Bank
      of Mount Vernon)

                        	 
      	
                          December
      28, 2007

                        
	 
      	 
      	 
      	 
      	 
      
	
                          James
      J. Cullers

                        	 
      	
                          The
      Park National Bank (as successor by merger to The First-Knox National Bank
      of Mount Vernon)

                        	 
      	
                          December
      28, 2007

                        
	 
      	 
      	 
      	 
      	 
      
	
                          F.
      William Englefield IV

                        	 
      	
                          The
      Park National Bank

                        	 
      	
                          December
      28, 2007

                        
	 
      	 
      	 
      	 
      	 
      
	
                          John
      J. O’Neill

                        	 
      	
                          The
      Park National Bank

                        	 
      	
                          December
      28, 2007

                        
	 
      	 
      	 
      	 
      	 
      
	
                          Rick
      R. Taylor

                        	 
      	
                          The
      Park National Bank (as successor by merger to The Richland Trust
      Company)

                        	 
      	
                          December
      28, 2007

                        
	 
      	 
      	 
      	 
      	 
      
	
                          Leon
      Zazworsky

                        	
                            

                        	
                          The
      Park National Bank

                        	
                            

                        	
                          December
      28,
2007

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