Document:

Exhibit 10.30

 

2008

AMPHENOL MANAGEMENT INCENTIVE PLAN

 

I.                                         Purpose

The
purpose of the Plan is to reward eligible key employees of Amphenol Corporation
and affiliated operations with performance based cash bonus payments provided
certain individual, operating unit and Company goals are achieved.

 

II.                                     Eligibility

Key
management personnel and target bonuses are as recommended by the Chairman and
CEO.  Generally, participation includes
senior management positions, corporate staff managers, general managers and their
designated direct reports. 
Participation, target bonuses and bonus payments are as approved by the
Compensation Committee of the Board of Directors.

 

III.                                 Plan
Components

Payments
under the Incentive Plan are based primarily on performance against quantitative
measures established at the beginning of each year. In addition, consideration
will be given, when appropriate, to certain qualitative factors as further
discussed below. The quantitative portion of the 2008 Management Incentive Plan
is contingent upon the Company’s achievement and/or each Group’s achievement,
and/or each operating unit’s achievement and/or each individual’s achievement
of performance targets and/or goals. These targets and/or goals include
revenue, operating income, operating cash flow, return on investment, return on
sales, organic growth and contribution to EPS growth. For 2008 quantitative
performance criteria are based primarily on sales and income growth in 2008
over 2007 and actual performance in 2008 as compared to 2008 budget.
Performance based payments pursuant to the 2008 Management Incentive Plan may
be adjusted if unusual and unanticipated market conditions materially impact
the Company’s, a Group’s, an operating unit’s, or an individual’s growth and/or
performance. Qualitative factors considered in establishing performance based
payment pursuant to the 2008 Management Incentive Plan include the
following:  accomplishments against
budget, balance sheet management including cash flow, new market/new product
positioning, operating unit and group contribution to total Company
performance, other specific individual objective impacting Company performance,
customer satisfaction, cost reductions and productivity improvement and quality
management.

 

IV.                                 Administration

·                  Payments are based upon average base salary
during the Plan year (new hires will be prorated accordingly if hired after February 1st
of the plan year).

·                  The maximum allowable payout under the Plan
is 2x the target bonus as applied to average base salary.

·                  To be eligible for the bonus payment, a
participant must be an active employee on the payroll at the time when the
bonus payment is issued. Exceptions must be recommended by the Chairman and CEO
and be approved by the Compensation Committee.

·                  Payments are made during the first 90
calendar days following the Plan year. 
All payments are subject to the recommendation of the Chairman and CEO
and the approval of the Compensation Committee.Exhibit 10.1

 

2008 DIRECTOR COMPENSATION

 

At its March 19, 2008 meeting, the Board of
Directors reviewed and approved the 2008 compensation program for the Board of
Directors. With respect to cash compensation during 2008, non-employee
directors other than the Chairman of the Board will receive $1,875 for each
meeting attended in person, $500 for each committee meeting attended in person
when not held on the same date and at the same location as a meeting of the
Board of Directors, and $250 per hour for attendance at telephonic meetings
(with a maximum of $500 per telephonic meeting).  The Chairman of the Board will receive $5,675
for each meeting of the Board of Directors attended in person, and $350 per
hour for attendance at telephonic meetings (with a maximum of $750 per
telephonic meeting). Committee chairs and the lead director received an
additional $2,000 per committee meeting attended in person and $350 per hour
for attendance at telephonic meetings (with a maximum of $750 per telephonic
meeting).  Each non-employee director has
received 10,000 shares of restricted stock, with the chairman of each committee
of the Board of Directors and the lead director receiving an additional 2,500
shares of restricted stock and the Chairman of the Board receiving an
additional 5,000 shares of restricted stock. These grants of restricted stock
vest at the rate of 25% for each of the four regular quarterly meetings of the
Board of Directors and its committees to be held during 2007 and are valued at
the grant date closing stock price of $0.90 per share and expensed according to
the time-vesting criteria.Exhibit 10.2

 

SINCLAIR BROADCAST GROUP, INC.

 

STOCK APPRECIATION RIGHT AGREEMENT

 

                THIS STOCK APPRECIATION
RIGHT AGREEMENT (this “Agreement”) is made and entered into as of
this 1st day of April, 2008 (the “Grant Date”) between Sinclair Broadcast Group, Inc.,
a Maryland corporation (the “Company”), and David D. Smith (“Smith”).

 

RECITALS

 

                WHEREAS, the
Company had adopted the 1996 Long-Term Incentive Plan of Sinclair Broadcast
Group, Inc. (the “Plan”) to reward certain key individuals for making
contributions to the Company and its subsidiaries by enabling them to acquire
shares of Class A Common Stock, par value $.01 per share (“Common Stock”),
of the Company; and

 

                WHEREAS, the
Company desires to grant to Smith stock-settled stock appreciation rights in the
amount of three hundred fifty thousand (350,000) shares of Common Stock (the “SARs”)
pursuant to the Plan and upon the terms and subject to the conditions
hereinafter set forth.

 

AGREEMENTS

 

                NOW, THEREFORE, IN
CONSIDERATION OF the foregoing premises, the parties to this
Agreement agree as follows:

 

                1.             Grant of
SARs.  Subject to the
terms and conditions set forth in this Agreement, the Company hereby grants to
Smith the fully vested right to receive Common Stock of the Company equal in
value to the difference between the SARs’ base value of Eight Dollars and
Ninety Four Cents ($8.94) per SAR, which is the fair market value of the Common
Stock on the date of grant under the Plan, and the per share closing price of
the Company’s Common Stock on the date of exercise.

 

                2.             Relationship
to Plan.  The SARs are
issued in accordance with and subject to all of the terms, conditions, and
provisions of the Plan, as amended from time to time and administrative
interpretations thereunder, if any, which have been adopted by the Committee
thereunder and are in effect on the date hereof.  Except as defined herein or otherwise stated,
capitalized terms shall have the same meanings ascribed to them under the Plan.

 

                3.             Termination
of SARs.  The SARs hereby
granted shall terminate and be of no force and effect with respect to any
shares of Common Stock not previously acquired by Smith on the tenth (10th)
anniversary of the Grant Date.

 

                4.             Exercise
of SARs.  Subject to the
limitations herein and in the Plan, the SARs may be exercised with respect to
the shares of Common Stock, in whole or in part, at any time on 

 

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or prior to the tenth (10th) anniversary of the Grant Date, regardless
of Smith’s service status, by written notice to the Company at its principal
executive office.

 

                5.             Transferability.  The SARs shall not be transferable except by
will or by the laws of descent and distribution.  During Smith’s lifetime, the SARs may be
exercised only by Smith.  No assignment
or transfer of the SARs, whether voluntary or involuntary, by operation of law
or otherwise, except a transfer by will or by the laws of descent or
distribution, shall vest in the assignee or transferee any interest or right
whatsoever in the SARs.

 

                6.             No Rights
as Stockholder.  Smith
shall not have any rights as a stockholder of the Company with respect to any
of the shares subject to the SARs, except to the extent that such shares shall
have been acquired by and transferred to Smith.

 

                7.             Dissolution
or Merger.  Upon the
dissolution or liquidation of the Company, a merger or consolidation in which
the Company is not the surviving corporation, or a transaction in which another
individual or entity becomes the owner of fifty percent (50%) or more of the
total combined voting power of all classes of stock of the Company, the
unexercised portion of the SARs shall terminate, but Smith shall have the right
to exercise the unexercised portion of the SARs immediately prior to such
event.

 

                8.             Withholding
for Tax Purposes.  Any
amount of Common Stock that is payable or transferable to Smith hereunder may
be reduced by any amount or amounts which the Company is required to withhold
under the then applicable provisions of the Internal Revenue Code of 1986, as
amended, or its successors, or any other federal, state, or local tax
withholding requirement.  If Smith does
not elect to satisfy withholding requirements in this fashion, the issuance of
the shares of Common Stock transferable to Smith hereunder shall be contingent
upon Smith’s satisfaction of any withholding obligations that may apply and
Smith’s presentation of evidence satisfactory to the Board that such
withholding obligations have been satisfied.

 

                9.             Notice.  Whenever any notice is required or permitted
hereunder, such notice must be in writing and personally delivered or sent by
mail.  Any notice required or permitted
to be delivered hereunder will be deemed to be delivered on the date that it is
personally delivered or, whether actually received or not, on the third (3rd)
business day after it is deposited in the United States mail, certified or
registered, postage prepaid, addressed to the person who is to receive it at
the address that such person has heretofore specified by written notice
delivered in accordance herewith.  The
Company or Smith may change, at any time and from time to time, by written
notice to the other, the address that it or he had therefore specified for
receiving notices.

 

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Until changed in accordance herewith, the Company and Smith specify
their respective addresses as set forth below:

 

	
   

  	
   

  	
  Company:

  	
  Sinclair Broadcast Group, Inc.

  
	
   

  	
   

  	
   

  	
  10706 Beaver Dam Road

  
	
   

  	
   

  	
   

  	
  Cockeysville, Maryland 21030

  
	
   

  	
   

  	
   

  	
  Attn:

  	
  David B. Amy,

  
	
   

  	
   

  	
   

  	
   

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with copy to:

  	
  Sinclair Broadcast Group, Inc.

  
	
   

  	
   

  	
   

  	
  10706 Beaver Dam Road

  
	
   

  	
   

  	
   

  	
  Cockeysville, Maryland 21030

  
	
   

  	
   

  	
   

  	
  Attn: 
  

  	
  Vice President/General Counsel

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Smith:

  	
  David D. Smith

  
	
   

  	
   

  	
   

  	
  c/o Sinclair Broadcast Group, Inc.

  
	
   

  	
   

  	
   

  	
  10706 Beaver Dam Road

  
	
   

  	
   

  	
   

  	
  Cockeysville, Maryland 21030

  

 

                10.           Amendment.  Notwithstanding any other provision hereof,
this Agreement may not be supplemented or amended from time to time without the
consent of Smith.

 

                11.           Governing Law.  This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of Maryland
applicable to agreements made and to be performed entirely in Maryland.

 

                12.           Counterparts.  This Agreement may be executed in multiple
counterparts.  The Company and Smith may
sign any number of copies of this Agreement. 
Each signed copy shall be an original, but all of them together
represent the same agreement.

 

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                IN WITNESS WHEREOF,
the Company and Smith have caused this Agreement to be executed as of the date
first above written.

 

 

	
  WITNESS:

  	
   

  	
   

  	
  SINCLAIR BROADCAST GROUP, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   /s/ Vicky D. Evans

  	
   

  	
  By:

  	
   /s/ David B. Amy

  	
  (SEAL)

  
	
   

  	
   

  	
  Name:

  	
  David B. Amy

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   /s/ Cam Smart

  	
   

  	
   

  	
   /s/ David D. Smith

  	
  (SEAL)

  
	
   

  	
   

  	
   

  	
  David D. Smith

  	
   

  

 

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