Document:

exv10w35

Exhibit 10.35

AMENDMENT TO THE

AMENDED AND RESTATED CORRECTIONS CORPORATION OF AMERICA

NON-EMPLOYEE DIRECTOR DEFERRED COMPENSATION PLAN

     WHEREAS, Corrections Corporation of America (the “Company”) established the Amended and
Restated Corrections Corporation of America Non-Employee Director Deferred Compensation Plan (the
“Plan”), originally effective as of June 1, 2002; and

     WHEREAS, the Company most recently amended and restated the Plan, effective January 1, 2005,
to make changes required or permitted by Section 409A of the Internal Revenue Code of 1986, as
amended; and

     WHEREAS, the Company desires to amend the Plan to remove the age 70 deferral limit for
deferral elections and subsequent deferral elections occurring on or after February 8, 2010.

     NOW, THEREFORE, effective for deferral elections and subsequent deferral elections occurring
on or after February 8, 2010, the Company hereby amends Section 3.2(a)(ii) of the Plan to provide
as follows:

     (ii) Payment of a Participant’s Deferred Compensation Benefits must commence on
or before the later of (A) sixty (60) days after such Participant’s Separation from
Service, or (B) the fifteenth (15th) day of the month next following the Payment
Date elected by the Participant in his or her deferral election form (or pursuant to
a subsequent deferral election permitted under Section 3.3(c)(iii)).

[Remainder of page intentionally left blank. Signature page follows.]

 

 

     IN WITNESS WHEREOF, Corrections Corporation of America has caused this Amendment to the
Amended and Restated Corrections Corporation of America Non-Employee Director Deferred Compensation
Plan to be executed this 8th day of February, 2010, effective February 8, 2010, by its duly
authorized officers.

	 	 	 	 	 	 	 
	 	 	CORRECTIONS CORPORATION OF AMERICA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David M. Garfinkle
 

	 	 
	 

	 	Title:
	 	Vice President, Finance	 	 

ATTEST:

                                                            

2exv10w40

Exhibit 10.40

Corrections Corporation of America (the “Company”)

Summary of Director and Executive Officer Compensation

I. Director Compensation. Directors who are employees of the Company do not receive additional
compensation for serving as directors of the Company. The following table sets forth current rates
of cash compensation for the Company’s non-employee directors.

	 	 	 	 	 
	Retainers and Fees	 	 	 	 
	Board retainer
	 	$	50,000	 
	Board meeting fee
	 	$	3,000	 
	Audit chair retainer
	 	$	10,000	 
	Audit member retainer
	 	$	2,000	 
	Compensation, Nominating and Governance chair retainer
	 	$	5,000	 
	Committee chair meeting fee (excluding Executive)
	 	$	2,500	 
	Non-chair committee meeting fee
	 	$	2,000	 

     In addition to the cash compensation set forth above, each non-employee director has
historically received a grant of a non-qualified option for the purchase of shares of the Company’s
common stock following the Company’s annual meeting of stockholders.

II. Executive Officer Compensation. The following table sets forth the current base salaries and
the fiscal 2009 performance bonuses provided to the individuals who are anticipated to constitute
the named executive officers of the Company for 2010.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Fiscal 2009
	Executive Officer	 	Current Salary	 	Bonus Amount
	Damon T. Hininger
	 	$	600,000	 	 	$	398,895	 
	Todd J Mullenger
	 	$	290,000	 	 	$	306,124	 
	Richard P. Seiter
	 	$	310,655	 	 	$	327,927	 
	Anthony L. Grande
	 	$	270,000	 	 	$	285,013	 
	G. A. Puryear, IV
	 	$	257,094	 	 	$	271,389	 

     The named executive officers also participate in the Company’s 2010 Cash Bonus Plan and will
continue to receive long-term incentive awards pursuant to the Company’s stockholder approved
equity incentive plans.

III. Additional Information. The foregoing information is summary in nature. Additional
information regarding director and named executive officer compensation will be provided in the
Company’s proxy statement to be filed in connection with the 2010 annual meeting of stockholders.Exhibit 4.10

Exhibit 4.10

PARK NATIONAL CORPORATION

50 North Third Street

Post Office Box 3500

Newark, Ohio 43058-3500

(740) 349-8451

www.parknationalcorp.com

February 24, 2010

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, 2009

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, 2009 (“Park’s 2009 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 2009 Form 10-K.

	 	 	 	 	 
	 	Very truly yours,

PARK NATIONAL CORPORATION

 	 
	 	/s/ John W. Kozak
 	 
	 	John W. Kozak 	 
	 	Chief Financial OfficerExhibit 10.1

Exhibit 10.1

Summary of Base Salaries

for

Executive Officers of Park National Corporation

On February 12, 2010, the Compensation Committee of the Board of Directors of Park National
Corporation (“Park”) approved the base salaries for the fiscal year ending December 31, 2010, 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

Exhibit 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, 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 any subsidiary of Park; (c) serving as a member of the advisory
board of a division of any subsidiary of Park; or (d) serving as a member of any committee of the
respective boards. In addition, since July 1, 2009, Harry O. Egger has received no meeting fees or
cash retainers in connection with his service as a member of the Board of Directors of Park, his
service as a member of the Advisory Board of the Security National Division of PNB or his service
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, 2009 (the
“2009 fiscal year). William A. Phillips is employed by the Century National Division of PNB, in a
non-executive officer capacity. In such capacity, he received the amount of $33,000 during the
2009 fiscal year. Since July 1, 2009, Harry O. Egger has been employed by the Security National
Division of PNB in a non-executive officer capacity. In such capacity, Mr. Egger received $16,246
for the period from July 1, 2009 through December 31, 2009. Prior to July 1, 2009, Mr. Egger
received the same meeting fees and cash retainers as other non-employee directors of Park, other
members of the Advisory Board of the Security National Division and other members of the committees
of the respective boards on which he served.

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