Document:

Wells Fargo & Company Executive Officer Performance Plan

 Exhibit 10(a) 
 WELLS FARGO & COMPANY 
 EXECUTIVE OFFICER
PERFORMANCE PLAN 
 1. Purpose. The purpose of the Wells Fargo & Company (the “Company”)
Executive Officer Performance Plan (the “Plan”) is to motivate Executive Officers and certain key employees of the Company to achieve superior results for the Company by providing incentive compensation opportunities for Participants based
on the achievement of corporate, business group or business unit (as applicable), and individual performance criteria and objectives that are consistent with the long-term interests of the Company and its stockholders and in a manner that promotes
individual accountability for establishment of effective controls, appropriate risk management and compliance. 
 2.
Eligibility. The Plan covers any individual who on the last day of the Performance Period is an “officer” as determined by the Company’s Board of Directors (the “Board”) for purposes of Section 16 of the
Securities Exchange Act of 1934, as amended, and any other management or key employee of the Company who the Human Resources Committee (the “Committee”) of the Board determines is eligible to participate in the Plan for the Performance
Period (together, “Participants”). A Participant shall be ineligible to participate in or receive an award under any other Company-sponsored cash incentive compensation plan for any Performance Period (or portion thereof) that such
Participant is covered by the Plan. 
 3. Incentive Compensation Award/Establishment of Performance Criteria and
Objectives. An incentive compensation award to a Participant pursuant to the terms of the Plan may be paid in the form of cash or an equity award, or a combination thereof, and subject to such terms and conditions as the Committee may
determine in its discretion. Any incentive compensation award determined and approved by the Committee to be payable to the principal executive officer of the Company shall be submitted to the Board for approval and ratification. 
 The Committee shall determine an incentive compensation award, if any, for the Chairman and the principal executive officer. For any other
Participant, the Committee shall review and approve an incentive compensation award, if any, after taking into account the recommendation of the principal executive officer and/or other manager to whom the Participant reports. An incentive
compensation award to a Participant shall be based on an evaluation of the Company’s, the business group’s or unit’s (as applicable), and the individual’s performance relative to performance criteria and/or objectives for a
Performance Period, and any other information the Committee deems relevant. Performance criteria and objectives may be based on one or more of the following criteria and such additional or alternative criteria as the Committee in its discretion may
determine: 
  

	 	•	 	 Earnings Per Share 

  

	 	•	 	 Return on Realized Common Equity 

  

	 	•	 	 Business Group or Business Unit Net Earnings, as applicable to the Participant 

  

	 	•	 	 Any other financial measures relevant to the Company’s or Participant’s performance 

  

	 	•	 	 Risk management measures appropriate for the Participant and any group or unit managed by the Participant 

  

	 	•	 	 Qualitative performance goals or objectives established for a Participant for the Performance Period 

 The Committee may evaluate the Company’s and/or business group’s or business unit’s financial performance on an absolute basis
and/or relative to peer group companies as determined by the Committee from time to time. The Committee also may evaluate performance over the Performance Period and/or one or more prior periods as it determines in its discretion. 
 In no event shall any incentive compensation awards be made under this Plan for any Performance Period in which the Company does not have
positive Net Income. 

 4. Definitions. For purposes of the Plan and for determining whether a
particular financial performance criteria or objective is attained, the following terms shall have the meanings given them below: 
 (a) The terms “Business Group Net Earnings” or “Business Unit Net Earnings” shall mean the net earnings of the business group or business unit, as applicable, of the Company managed by
a Participant, as determined in accordance with generally accepted accounting principles, adjusted in accordance with the Company’s management accounting practices and conventions in effect at the beginning of the Performance Period and any
other relevant prior period, as applicable, and as further adjusted in the same manner as provided below for Net Income. 
 (b) The term “Earnings Per Share” shall mean the Company’s diluted earnings per share as reported in the Company’s consolidated financial statements for the Performance Period and any
other relevant prior period, as applicable, adjusted in the same manner as provided below for Net Income. 
 (c)
The term “Net Income” shall mean the Company’s net income for the applicable Performance Period and any other relevant prior period as reported in the Company’s consolidated financial statements, adjusted to eliminate the effect
of (1) losses resulting from discontinued operations; (2) extraordinary gains or losses; (3) the cumulative effect of changes in generally accepted accounting principles; and (4) any other unusual or non-recurring gain or loss
which is separately identified and quantified. 
 (d) The term “Performance Period” shall mean a
calendar year, commencing January 1 and ending December 31, unless otherwise determined by the Committee. 
 (e) The term “Return on Realized Common Equity” shall mean the Net Income of the Company on an annualized basis less dividends accrued on outstanding preferred stock, divided by the Company’s average total common equity
excluding average accumulated comprehensive income as reported in the Company’s consolidated financial statements for the Performance Period and any other relevant prior period, as applicable. 
 5. Applicability of Certain Provisions of the Long-Term Incentive Compensation Plan and the Deferred Compensation Plan. An incentive
compensation award paid in the form of an equity award shall be granted under and subject to the provisions of the Company’s Long-Term Incentive Compensation Plan (“LTICP”) and subject to such terms and conditions as the Committee may
determine in its discretion. Voluntary deferral of all or a portion of an incentive compensation award paid in cash under the Plan shall be made pursuant to the provisions of the Wells Fargo & Company Deferred Compensation Plan. 

6. Compliance with Laws and Company Recoupment Policies. Notwithstanding anything in the Plan to the contrary, the determination
and payment of any incentive compensation under the Plan shall be subject to the conditions and restrictions imposed under applicable laws, rules and regulations, including the Emergency Economic Stabilization Act of 2008, as amended from time to
time. A Participant’s rights to or receipt of compensation under the Plan may be limited, modified, cancelled or recovered to ensure compliance with all such applicable laws, rules and regulations and any guidance that may be issued thereunder
and shall be subject to any applicable recoupment or “clawback” policy maintained by the Company from time to time. 
 To the extent incentive compensation is paid in the form of cash under the Plan, the Company intends such award to qualify as a short-term deferral exempt from the requirements of Internal Revenue Code Section 409A (“IRC
§409A”) and be payable no later than 75 days after the end of the calendar year following the Performance Period, unless otherwise specified in an applicable award agreement governing the award. In the event an award payable under the Plan
does not qualify for treatment as an exempt short-term deferral, such amount will be paid in a manner that will satisfy the requirements of IRC §409A and applicable guidance thereunder. 
 7. Effective Date; Amendment and Termination. The Plan shall be effective beginning for the 2009 Performance Period. The Committee
may at any time terminate, suspend, amend or modify the Plan.Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 EMPLOYMENT AGREEMENT made as of
this 20th day of November, 2009, by and between UTEK CORPORATION, a Delaware corporation, having an office at 2109 East Palm Ave., Tampa, Florida 33605 (hereinafter referred to as “UTEK”), and Doug Schaedler (hereinafter
referred to as “Employee”). 
 WHEREAS, UTEK desires to employ Employee in the position as Chief Executive
Officer; and 
 WHEREAS, Employee is willing to be employed in said position in the manner provided for herein, and to
perform the duties of the UTEK upon the terms and conditions herein set forth; 
 NOW, THEREFORE, in consideration of the
promises and mutual covenants herein set forth it is agreed as follows; 
 1. Employment of Employee. UTEK hereby
employs Employee as Chief Executive Officer. 
 2. Term. The term of this Agreement shall commence on
November 23rd, 2009 (the “Commencement Date”) and expire on December 31, 2012, unless sooner terminated or renewed as provided hereunder. During the term hereof, Employee shall devote substantially all of his business time and
efforts to UTEK and its subsidiaries and affiliates. 
 3. Duties. The Employee shall perform those functions
generally performed by persons of such title and position, shall perform any and all related duties, and shall be available to confer and consult with and advise the officers and directors of UTEK at such times that may be required by UTEK.

 4. Compensation. Employee shall be paid as follows: 
 a. A salary of Three Hundred Twenty Five Thousand Dollars ($325,000.00) per year, payable in bi-weekly installments effective as of the date
of this Agreement; and 
 b. Employee shall be granted 175,000 stock options at the closing market price at
the close of business on November 23, 2009, which options shall vest on December 31st, 2012, assuming that the Employee remains employed for the term of this Agreement. These options will be exercisable as provided in the Company’s Stock Option Plan,

  

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In addition, Employee shall be granted 60,000 shares of restricted stock before January 15, 2010, with 20,000 shares vesting each on the anniversary date of this Agreement. However, if
Employee does not complete the term of the Agreement, the shares that have vested will remain locked up for an additional (2) two years from the last date of employment. 
 c. In addition to the base salary, Employee may be eligible to earn a performance and incentive bonus from the Company
for each full Year (12 months) of service during the term of this agreement if the Employee is employed by the company at the end of each year, payable by January 15th of the following year. The target amount for bonuses may be a maximum of 35%
of the employee’s base salary in effect on Dec 1st of
each year. The bonuses will be calculated based upon two factors: (1) net revenue and growth targets for the Company as may be set for such year by the Compensation Committee with Board approval; and, (2) Shareholder value appreciation.
These two factors will be weighted as follows: 
 Revenue and Growth targets – 50% and Shareholder value
appreciation – 50%. 
 In addition the Employee may participate in any benefit plans provided by UTEK.

 d. UTEK shall include Employee in its health insurance program available to its employees and shall pay 100% of the premiums
for such program. Employee shall be entitled to three weeks of paid vacation each year of employment. 
 e. In the event of
termination by Utek during the term of the employment agreement, other than for Cause, Employee shall be entitled to a one time lump sum payment equal to six months based upon the base salary. In addition, the options detailed in 4b will vest pro
rata for each month of service worked under the terms of this agreement. For example if twelve months of service have been worked and the employee is terminated then 12/36 of the 175,000 will vest and be awarded to the employee. 
 5. Confidential Information 
 a. The Employee has acquired and will acquire information and knowledge respecting the intimate and confidential affairs of the UTEK (for this purpose including all subsidiaries and affiliates, including
without limitation confidential information with respect to UTEK’s customer lists, technologies, business

  

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methodology, business techniques, promotional materials and information, and other similar matters treated by the as confidential (the Confidential Information). Accordingly, the Employee
covenants and agrees that during his employment by UTEK (whether during the Term hereof or otherwise) and thereafter, the Employee shall not, without the prior written consent of UTEK, disclose to any person, other than a person to whom disclosure
is reasonably necessary or appropriate in connection with the performance by the Employee of the Employee’s duties hereunder, any Confidential Information obtained by the Employee while in the employ of UTEK. 
 b. The Employee agrees that all memoranda, notes, records, data base information, papers or other documents and all copies thereof relating
to the UTEK’s operations or business, some of which may be prepared by the Employee, and all objects associated therewith in any way limited by the Employee shall be UTEK’s property. This shall include, but is not limited to, documents and
objects concerning any customer contracts, manuals, mailing lists, advertising materials, and all of their materials and records of any kind that may be in the Employee’s possession or under the Employee’s control. The Employee shall not,
except for UTEK’s use, copy or duplicate any of the aforementioned documents or objects (except for the purpose of performing Employee’s duties) nor remove them from UTEK’s facilities, nor use any information concerning them except
for the covenants and agrees that the Employee will deliver to UTEK upon termination of the Employee’s employment, or any other time at UTEK’s request. 
 c. The Employee shall deliver to UTEK or its designee at the termination of his employment all data, correspondence, memoranda, notes, records, drawings, sketches, plans, customer lists, product
compositions, and other documents and all copies thereof, made, composed or received by Employee, solely or jointly with others, that are in Employee’s possession, custody, or control at termination and that are related in any manner to the
past, present, or anticipated business or any member of UTEK or one its subsidies . In this regard, the Employee hereby grants and conveys to UTEK all right, title, and interest in and to, including without limitation, the right to possess, print,
copy, and sell or otherwise dispose of, any reports, records, papers, summaries, photographs, drawings or other documents, and writings, and copies, abstracts or summaries thereof, that may be prepared by the Employee or under his direction or that
may come into his possession in any way during the term of his employment with e UTEK that relate in any manner to the past, present or anticipated business of any member of UTEK or one its subsidies. 
  

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 6. Covenant Not to Compete. 
 a. The Employee covenants and agrees that during the Employee’s employment by the UTEK (whether during the Term hereof or otherwise),
and thereafter for a period of one (1) year following the termination of the Employee’s employment with UTEK, the Employee will not: 
 (1) directly or indirectly engage in, continue in or carry on the business of any corporation, partnership, firm or other business organization which is now, becomes or may become a direct competitor of
the UTEK in its business (UTEK’s Business), including owning or controlling any financial interest in, any corporation, partnership, firm or other form of business organization which competes with or is engaged in or carries on any aspect of
such business or any business substantially similar thereto; 
 (2) consult with, advise or assist in any way, whether or not
for consideration, any corporation, partnership, firm or other business organization which is now, becomes or may become a competitor of the UTEK during the Employee’s employment with the UTEK; 
 (3) engage in any practice the purpose of which is to evade the provisions of this Agreement or to commit any act which is detrimental to
the successful continuation of, or which adversely affects, the business of the UTEK. 
 b. The Employee agrees that the
geographic scope of this covenant not to compete shall extend to the geographic area where the UTEK’s customers conduct business or are located at any time during the Term of this Agreement. For the purposes of this Agreement,
“Customers” means any person, university or entity to which the UTEK provides or has provided services within a period of one (1) year prior to the Employee’s termination of services for the furtherance of such customer’s
business within such period of one (1) year the UTEK has pursued or communicated with for the purposes of obtaining business for the UTEK. 
 c. In the event of any breach of this covenant not to compete, the Employee recognizes that the remedies at law will be inadequate and that in addition to any relief at law which may be available to the
UTEK for such violation or breach and regardless of any provisions contained in this Agreement, the UTEK shall be entitled to equitable remedies (including an injunction) and such other relief as a court may grant after considering the intent of
this Section 7. In any action or proceeding by the UTEK to obtain a temporary restraining order and/or preliminary injunction to enforce the covenant, the

  

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Employee hereby agrees that the UTEK shall not be required to put an injunction bond in excess of One Thousand Dollars ($1,000.00) in order to obtain the temporary restraining order and/or
preliminary injunction. It is further acknowledged and agreed that the existence of any claim or cause of action on the part of the Employee against the UTEK, whether arising from this Agreement or otherwise, shall in no way constitute a defense to
the enforcement of this covenant not to compete, and the duration of this covenant not to compete shall be extended in an amount which equals the time period during which the Employee is or has been in violation of this covenant not to compete.

 d. In the event a court of competent jurisdiction determines that the provisions of this covenant not to compete are
excessively broad as to duration, geographic scope, prohibited activities or otherwise, the parties agree that this covenant shall be reduced or curtained to the extent necessary to render it enforceable. 
 e. For the purposes of this Section 6, UTEK shall be deemed to include the UTEK, as well as its subsidiaries and affiliates. 

f. The parties hereto expressly acknowledge and agree that any provision of this Section 6 may be amended or waived by the mutual
written agreement of both parties. 
 7. Termination. 
 a. UTEK shall also have the right to terminate this Agreement immediately For Cause which shall include, but not be limited to, fraud, and
breach of fiduciary duty, conviction of a crime or like conduct. If the Employee is terminated for Cause, UTEK will not be required to make any further compensation payments to Employee, as provided in Paragraph 4 above under the under the terms of
this Agreement. 
 b. If the Employee terminates his employment, UTEK will not be required to make any further compensation
payments to Employee, as provided in Paragraph 4 above under the under the terms of this Agreement. 
 c. Either party may
terminate this Agreement for any reason by giving the other party ninety (90) days written notice. If termination is not for Cause by the Employer, the Employee will entitled to compensation as provided in Paragraph 4 (e) above.

  

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 8. Arbitration Any controversies between UTEK and Employee involving the
construction or application of any of the terms, provisions or conditions of this Agreement shall on the written request of either party served on the other and submitted to arbitration. Such arbitration shall comply with and be governed by the
rules of the American Arbitration Association. An arbitration demand must be made within one (1) year of the date on which the party demanding arbitration first had notice of the existence of the claim to be arbitrated, or the right to
arbitration along with such claim shall be considered to have been waived. An arbitrator shall be selected according to the procedures of the American Arbitration Association. The cost of arbitration shall be born by the losing party or in such
proportions as the arbitrator shall decide. The arbitrator shall have no authority to add to, subtract from or otherwise modify the provisions of this Agreement, or to award punitive damages to either party. 
 9. Attorney’s Fees and Costs. If any action at law or in equity is necessary to enforce or interpret the terms of this
Agreement, the prevailing party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to any other relief to which he may be entitled. 
 10. Entire Agreement: Survival. 
 a. This Agreement contains the entire agreement between the parties with respect to the transactions contemplated herein and supersedes, effective as of the date hereof any prior agreement or
understanding between UTEK and Employee with respect to Employee’s employment by UTEK. The unenforceability of any provision of this Agreement shall not affect the enforceability of any other Provision. This Agreement may not be amended except
by an agreement in writing signed by the Employee and the UTEK, or any waiver, change, discharge or modification as sought. Waiver of or failure to exercise any rights provided by this Agreement and in any respect shall not be deemed a waiver of any
further or future rights. 
 b. The provisions of Sections 5, 6, 8, 9, 10, 12 and 14 shall survive the termination of this
Agreement. 
 11. Assignment. This Agreement shall not be assigned to other parties. 
 12. Governing Law . This Agreement and all the amendments hereof, and waivers and consents with respect thereto shall be
governed by the laws of the State of Florida, without regard to the conflicts of laws principles thereof and the parties agree that the jurisdiction shall be in Hillsborough County, Florida. 
 13. Notice. All notices, responses, demands or other communications under this Agreement shall be in writing and shall be
deemed to have been given when 
  

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 a. delivered by hand; 
 b. sent be fax, (with receipt confirmed), provided that a copy Is mailed by registered or certified mail, return receipt requested; or

 c. received by the addressee as sent be express delivery service (receipt requested) in each case to the appropriate
addresses, and fax numbers as the party may designate to itself by notice to the other parties: 
  

	 	(i)	if to the UTEK: 

 UTEK
Corporation 
 2109 East Palm Ave 
 Tampa, Florida 33605 
 Attention: Sam Reiber 
 Vice President & General Counsel 
 Telephone: 813-754-4330 
  

	 	(ii)	If to the Employee: 

 Doug
Schaedler 
 14. Severability. Should any part of this Agreement for any reason be declared invalid by a court of
competent jurisdiction, such decision shall not affect the validity of any remaining portion, which remaining provisions shall remain in full force and effect as if this Agreement had been executed with the invalid portion thereof eliminated, and it
is hereby declared the intention of the parties that they would have executed the remaining portions of this Agreement without including any such part, parts or portions which may, for any reason, be hereafter declared invalid. 
 IN WITNESS WHEREOF, the undersigned have executed this agreement as of the day and year first above written. 
  

			
	UTEK CORPORATION
		
	By:	 	 /S/ Keith M. Witter

		 	Keith M. Witter
		 	Chairman of Board
		
		 	Employee:
		
		 	 /S/ Doug Schaedler

		 	Doug Schaedler

  

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