Document:

EX-10.41

 

Exhibit 10.41

AMENDMENT TO EMPLOYMENT AGREEMENT

     This Amendment (the “Amendment”) to the Employment Agreement dated November 1, 2004 (the
“Agreement”) is made as of this 1st day of November, 2005 between Terri L. Cable
(“Cable”) and FirstMerit Corporation (“Corporation”), its subsidiaries and affiliates
(“FirstMerit”).

RECITALS

     A. Cable and FirstMerit entered into the Agreement, pursuant to which Cable was employed by
FirstMerit a Executive Vice President Wealth Services.

     B. Cable and FirstMerit now desire to amend the Agreement to modify the term of the agreement
and accurately reflect her duties as President and Chief Executive Officer, Columbus Region.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

     1. Employment Duties. The paragraph contained in Section 1 of the Agreement shall be
deleted in its entirely and replaced by the following paragraph:

          During the term of this Agreement, Cable shall serve as Executive Vice President of the
Corporation and President and Chief Executive Officer, Columbus Region of FirstMerit Bank N.A., and
shall have responsibility to structure, grow and enhance FirstMerit’s business operations in the
Columbus Region and/or such other or additional responsibilities as otherwise may be assigned
commensurate with Cable’s executive position (the “Assigned Duties”). The Senior Executive Vice
President of the Corporation shall, from time to time and subject to modification at any time and
at his sole discretion, hereafter assign such responsibilities and duties to Cable as he may deem
appropriate; provided, however that such responsibilities and duties are generally consistent with
Cable’s Assigned Duties and her position with FirstMerit. Cable shall faithfully, diligently,
competently and to the best of her ability, carry out those responsibilities and duties as
described herein as assigned from time to time by the Senior Executive Vice President of the
Corporation.

     2. Term of Agreement. The first two sentences contained in Section 2 of the Agreement
shall be deleted in their entirety and replaced by the following two sentences:

          The term of this Agreement shall continue until December 31, 2008, unless such term is earlier
terminated as herein provided (the “Agreement Period”). Cable and FirstMerit agree that on January
1, 2009, Cable shall become an at-will employee of FirstMerit.

 

 

     3. Compensation and Benefits Upon Events of Termination. The first sentence contained
in Section 6(b) of the Agreement shall be deleted in its entirety and replaced by the following
sentence:

     Upon any Qualifying Termination of this Agreement during the Agreement period, the Agreement
Period shall continue until December 31, 2008, and FirstMerit shall continue to pay Cable
Compensation and Benefits on the terms set forth below until December 31, 2008.

     4 Trade Secrets and Confidential Information. The first sentence contained in Section
7 of the Agreement shall be deleted in its entirety and replaced by the following sentence:

     Cable acknowledges that, as Executive Vice President of the Corporation and President and
Chief Executive Officer, Columbus Region, for FirstMerit Bank N.A., she has had extensive access to
and has acquired various confidential information relating to the Business, including, but not
limited to, financial and business records, customer lists and records, business plans, corporate
strategies, information disclosed or discussed during any exit conference, employee information,
wage information, and related information and other confidential information (collectively, the
“Confidential Information”).

     5. Amendment. Except as otherwise amended hereby, all terms of the Agreement shall
remain in full force and effect.

	 	 	 	 	 	 	 
	 	 	Terri L. Cable	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Terri L. Cable	 	 
	 	 	 	 	 
	 

	 	Date:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	FirstMerit Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Christopher J. Maurer
	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:
	 	Executive Vice President	 	 
	 

	 	 	 	 	 	 

-2-EX-10.41

 

EXHIBIT 10.41

AMENDMENT NO. 3

TO THE

NACCO INDUSTRIES, INC.

NON-EMPLOYEE DIRECTORS’ EQUITY PLAN

     NACCO Industries, Inc. hereby adopts this Amendment No. 3 to the NACCO Industries, Inc.
Non-Employee Directors’ Equity Compensation Plan (the “Plan”). The provisions of this Amendment
shall be effective December 1, 2006.

Section 1

     Section 3.1(c) of the Plan is hereby amended in its entirety to read as follows:

“(c) Retainer. Promptly following each Quarter Date (and, in any event, no later than two
and one-half months after each such Quarter Date), the Company shall issue to each Director (or to
a trust for the benefit of a Director, or such Director’s spouse, children or grandchildren, if so
directed by the Director) (i) a number of whole Shares equal to the Required Amount earned for
services rendered to the Company by such Director for the calendar quarter ending on such Quarter
Date divided by the Average Share Price and (ii) a number of whole Voluntary Shares equal to such
Director’s Voluntary Amount for such calendar quarter divided by the Average Share Price. To the
extent that the application of the foregoing formulas would result in fractional Shares or
fractional Voluntary Shares, no fractional shares of Class A Common Stock shall be issued by the
Company pursuant to this Plan, but instead, such amount shall be paid to the Director in cash at
the same time the Shares and Voluntary Shares are issued to the Director. Shares and Voluntary
Shares shall be fully paid, nonassessable shares of Class A Common Stock. Shares shall be subject
to the restrictions set forth in this Plan, whereas Voluntary Shares shall not be so restricted.
Shares and Voluntary Shares may be shares of original issuance or treasury shares or a combination
of the foregoing. The Company shall pay any and all fees and commissions incurred in connection
with the purchase by the Company of shares of Class A Common Stock which are to be Shares or
Voluntary Shares and the transfer to Directors of Shares or Voluntary Shares.”

Section 2

     The second sentence of Section 3.2(b) of the Plan is hereby amended in its entirety to read as
follows:

     “All securities received by a Director with respect to Shares in connection with any
Extraordinary Event shall be deemed to be shares for purposes of this Plan and shall be restricted
pursuant to the terms of this Plan to the same extent and for the same period as if such securities
were the original Shares with respect to which they were issued, unless the Board of Directors of
the Company, in its sole and absolute discretion, eliminates such restrictions or accelerates the
time at which such restrictions on transfer shall lapse.”EX-10.67

 

EXHIBIT 10.67

AMENDMENT NO. 2

TO

THE NORTH AMERICAN COAL CORPORATION

VALUE APPRECIATION PLAN FOR YEARS 2000 TO 2009

(AS AMENDED AND RESTATED AS OF JANUARY 1, 2005)

     The Compensation Committee of the Board of Directors of The North American Coal Corporation
(the “Company”), hereby adopts this Amendment No. 2 to The North American Coal Corporation Value
Appreciation Plan for Years 2000 to 2009 (the “Plan”), effective as of January 1, 2000. Words and
phrases used herein with initial capital letters that are defined in the Plan are used herein as so
defined.

Section 1

     The first sentence of Section 5.2(a) of the Plan is hereby amended in its entirety to read as
follows:

     “Each Participant’s interest in his VAP Account under this Plan shall vest at the rate of 20
percent for each year during which a Participant remains in the continuous employ of the Company or
a Subsidiary following the January 1st of the year in which a Participant is first
credited with a VAP Target Amount under the Plan; provided however, that a Participant’s interest
in his VAP Account shall become immediately 100 percent vested in the event (i) of such
Participant’s death or Disability while employed by the Company or a Subsidiary; (ii) such
Participant remains in the continuous employ of the Company or a Subsidiary through December 31,
2015 or (iii) of such Participant’s termination of employment with the Company or a Subsidiary at
or after age 55 with at least 10 years of service or at or after age 65 (i.e., retirement).”

1EX-10.68

 

EXHIBIT 10.68

AMENDMENT NO. 1

TO

THE NORTH AMERICAN COAL CORPORATION

VALUE APPRECIATION PLAN FOR YEARS 2006 TO 2015

     The Compensation Committee of the Board of Directors of The North American Coal Corporation
(the “Company”), hereby adopts this Amendment No. 1 to The North American Coal Corporation Value
Appreciation Plan for Years 2006 to 2015 (the “Plan”), effective as of January 1, 2006. Words and
phrases used herein with initial capital letters that are defined in the Plan are used herein as so
defined.

Section 1

     The first sentence of Section 5.2(a) of the Plan is hereby amended in its entirety to read as
follows:

     “Each Participant’s interest in his VAP Account under this Plan shall vest at the rate of 20
percent for each year during which a Participant remains in the continuous employ of the Company or
a Subsidiary following the January 1st of the year in which a Participant is first
credited with a VAP Target Amount under the Plan; provided however, that a Participant’s interest
in his VAP Account shall become immediately 100 percent vested in the event (i) of such
Participant’s death or Disability while employed by the Company or a Subsidiary; (ii) such
Participant remains in the continuous employ of the Company or a Subsidiary through December 31,
2015 or (iii) of such Participant’s termination of employment with the Company or a Subsidiary at
or after age 55 with at least 10 years of service or at or after age 65 (i.e., retirement).”

1

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