Document:

Amendment to Employment Agreement of Michael S. Ives

 Exhibit 10.10 
 AMENDMENT TO 
 EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO EMPLOYMENT AGREEMENT is entered into as of the 30th day of June, 2006, by and between Heritage Bankshares, Inc., a Virginia corporation (hereinafter referred to as “Bankshares”), Heritage Bank, a Virginia corporation, and Michael S. Ives (the
“Executive”). 
 RECITALS 
 Bankshares and Executive previously entered into an Employment Agreement as of February 7, 2005 (“Employment Agreement”); and 
 Bankshares and Executive desire to amend the Employment Agreement as provided herein. 
 NOW, THEREFORE, in
consideration of the mutual promises of the parties hereto and for other good and valuable consideration, the receipt and adequacy whereof each party hereby acknowledges, Bankshares and Executive hereby agree as follows: 
 1. Effective January 1, 2006, Section 4 of the Employment Agreement is amended to read as follows: 
 4. BASE SALARY: Executive shall receive Base Salary at the rate of $200,000 per year, payable in substantially equal installments no less
frequently than monthly (less any amounts withheld as required by law or pursuant to any benefits plan). If the Executive’s Base Salary is increased by Bankshares, such increased Base Salary shall then constitute the Base Salary for all
purposes of this Agreement and such Base Salary shall not be reduced during the Term of this Agreement. 
 2. Effective January 1, 2006,
Section 5 of the Employment Agreement (“Annual Incentive Bonus”) is deleted. 

 3. Effective February 7, 2005, the following sentences of Section 6(a) of the Employment
Agreement, “Stock Options,” are deleted: 
 To the extent not exercised, this option shall be cancelled and reissued if the price of a share of
Bankshares’ common stock at a public offering is less than the exercise price determined on the date of grant. All other terms of the reissued option shall be the same as those contained in the cancelled option. 
 4. Effective February 7, 2005, the following provisions are substituted for Sections 6(b), 6(c) and 6(d) of the Employment Agreement:

 (b) Upon the effective date of the stock option plan that Bankshares agrees to adopt as soon as practicable after June 30, 2006
(“2006 option plan”), Bankshares shall grant Executive pursuant to the 2006 option plan an option to purchase 70,000 shares of Bankshares’ common stock. The option shall qualify as an incentive stock option pursuant to
Section 422 of the Code to the maximum extent possible. This grant shall be subject to the approval of the 2006 option plan by the shareholders of Bankshares within twelve (12) months after the plan’s adoption and shall also be
subject to the registration of the shares subject to this option with the Securities and Exchange Commission, and Bankshares shall employ its best efforts to effect these contingencies. 
 (c) All shares of Bankshares’ common stock subject to the option granted pursuant to Section 6(b) above shall have a purchase price (“2006
option price”) equal to the greater of (1) the fair market value of shares of Bankshares’ common stock on the date of grant, or (2) $15.50. For this purpose, fair market value shall be determined according to the definition of
fair market value under the 2006 option plan. 
 (d) The following terms and conditions shall apply to the option granted pursuant to
Section 6(b): The option shall expire ten (10) years after the date of grant. The option shall generally vest and become exercisable at the rate of twenty percent (20%) of the shares subject to the option on December 31, 2006 and
on each subsequent December 31. In the event of Executive’s resignation or voluntary termination of employment pursuant to Section 9(c) below after attaining age 55, if Executive agrees to a corresponding extension of the provisions
of Section 11 below, the option shall continue to vest and become exercisable at the rate of twenty percent (20%) of the shares subject to the option on each subsequent December 31 until fully vested, at which time Executive will be
considered to have retired for purposes of the 2006 option plan and the continuing ability to exercise the option. To the extent exercisable, Executive’s option shall remain exercisable during this extended vesting period. In the event of
Executive’s age 65 retirement, termination by Bankshares without cause, Executive’s resignation for good reason, Executive’s death or permanent disability under Section 8(a) below, or upon a Change of Control, Executive’s
option shall become fully vested and exercisable immediately. Upon Executive’s termination of employment, the portion of the option that is vested and 
  

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 exercisable (“vested options”) shall remain exercisable for two (2) years following such termination,
except that (1) in the event of Executive’s retirement or a Change of Control, the vested options shall remain exercisable for the remainder of the ten (10) year period after the date of grant, or (2) in the event of
Executive’s resignation or other voluntary termination of employment pursuant to Section 9(c) below other than on account of retirement, or Executive’s termination by Bankshares for cause pursuant to Section 9(d) below, the
vested options shall remain exercisable for six (6) months only following any such termination. 
 (e) Concurrently with the grant to
Executive of the option for 70,000 shares pursuant to Section 6(b) above, Bankshares shall grant to Executive a limited alternative stock appreciation right, which shall entitle Executive to receive an amount equal to the product of
(1) the excess of (A) the fair market value of a share of Bankshares’ common stock on the date of exercise over (B) the 2006 option price, multiplied by (2) the number of shares with respect to which the LASAR is exercised.
The LASAR shall be payable in cash. The LASAR shall be independent of and shall not be granted under the 2006 Option Plan or similar successor plan. The LASAR shall become exercisable only upon the occurrence of a Change of Control and shall remain
exercisable for two (2) years following the Change of Control. The LASAR shall be void upon approval of the 2006 Option Plan or similar successor plan by the shareholders of Bankshares pursuant to which the option granted to Executive pursuant
to Section 6(b) remains in effect, and in the absence of that approval, the LASAR shall remain in effect. 
 5. Effective
January 1, 2006, the first sentence of Section 7(a) of the Employment Agreement is amended to read as follows: 
 (a) Executive
shall be entitled to six (6) weeks paid vacation per year, and Executive may accrue and carry over unused vacation time from year to year during the Term. 
 6. Effective July 1, 2006, the following sentence is added to Section 9(c) of the Employment Agreement. 
 Notwithstanding the preceding sentence, if Executive resigns or voluntarily leaves the employ of Bankshares after attaining age fifty-five (55) and having provided Bankshares not less than ninety (90) days written notice thereof,
other than under circumstances treated as resignation for good reason, Executive shall not be in breach of this Agreement, and Bankshares shall have no further obligation for additional compensation and benefits under this Agreement, except that
Executive shall be entitled to Health Coverage Continuation and to payment for accrued and unused vacation and sick leave. 
 7. The
numbering and cross-referencing in the Employment Agreement shall be amended to reflect the foregoing changes. 
  

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 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

  

			
	EXECUTIVE
	
	 /s/ Michael S. Ives

	Michael S. Ives
	
	HERITAGE BANKSHARES, INC.
		
	By:	 	 /s/ Peter M. Meredith, Jr.

		 	Chairman of the Board
	
	HERITAGE BANK
		
	By:	 	 /s/ Peter M. Meredith, Jr.

		 	Chairman of the Board

  

 4Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 COINSTAR, INC. 
 and 
 RANDALL J. FAGUNDO 
 Effective as of July 7, 2006 

 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this “Agreement”), effective as of July 7, 2006 (the “Effective Date”), between Coinstar, Inc., a Delaware corporation (“Employer”), and Randall J. Fagundo
(“Employee”); 
 W I T N E S S E T H: 
 WHEREAS, Employer and Employee wish to document certain understandings and agreements; and 
 WHEREAS,
Employer desires to employ Employee upon the terms and conditions set forth herein; and 
 WHEREAS, Employee is willing to provide services
to Employer upon the terms and conditions set forth herein; 
 A G R E E M E N T S: 
 NOW, THEREFORE, for and in consideration of the foregoing premises and for other good and valuable consideration, the sufficiency and receipt of which
are hereby acknowledged, Employer and Employee hereby agree as follows: 
  

	1.	POSITION 

  

	 	1.1	Employment 

 Employer will employ Employee and
Employee will provide services to Employer as its Senior Vice President and General Manager of Entertainment. 
  

	 	1.2	Attention and Effort 

 Employee will devote all of
his productive time, ability, attention and effort to Employer’s business and will skillfully serve its interests during the Term (as defined below). 
  

	 	1.3	Term 

 Employee’s term of employment as Senior
Vice President and General Manager of Entertainment under this Agreement shall begin as of the Effective Date and shall continue until terminated pursuant to paragraph 2 of this Agreement (the “Term”). 
  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
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	 	1.4	Compensation 

 During the Term, Employer agrees to
pay or cause to be paid to Employee, and Employee agrees to accept in exchange for the services rendered hereunder by him, the following compensation: 
  

	 	(a)	Base Salary 

 Employee’s
compensation as Senior Vice President and General Manager of Entertainment shall consist, in part, of an annual base salary of three hundred twenty five thousand dollars ($325,000) before all customary payroll deductions. Such annual base salary
shall be paid in substantially equal installments and at the same intervals as other officers of Employer are paid. Employee’s salary shall be reviewed by Employer’s Compensation Committee as appropriate to determine in its discretion
whether it is appropriate to increase the base salary. 
  

	 	(b)	Bonus 

 Employee shall be eligible
for cash bonuses consistent with the existing program for executive officers, provided performance targets applicable to such bonuses are met, and, provided further, any such bonus shall be pro-rated in the event of a termination without Cause.

  

	 	1.5	Benefits 

 During the Term, Employee will be
entitled to participate, subject to and in accordance with applicable eligibility requirements, in fringe benefit programs as shall be provided from time to time by, to the extent required, action of Employer’s Board of Directors. 

 

	2.	TERMINATION 

 Employment of Employee pursuant to
this Agreement may be terminated as follows, but in any case, the provisions of paragraph 4 hereof shall survive the termination of this Agreement and the termination of Employee’s employment hereunder: 
  

	 	2.1	By Employer 

 With or without Cause (as defined
below), Employer may terminate the employment of Employee at any time during the term of employment upon giving Notice of Termination (as defined below). 
  

	 	2.2	By Employee 

 Employee may terminate his employment
at any time, for any reason, upon giving Notice of Termination. 
  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
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	 	2.3	Automatic Termination 

 This Agreement and
Employee’s employment hereunder shall terminate automatically upon the death or total disability of Employee. The term “total disability” as used herein shall mean Employee’s inability to perform the duties set forth in
paragraph 1 hereof for a period or periods aggregating 180 calendar days in any 12-month period as a result of physical or mental illness, loss of legal capacity or any other cause beyond Employee’s control, unless Employee is granted a leave
of absence by the Employer. Employee and Employer hereby acknowledge that Employee’s ability to perform the duties specified in paragraph 1 hereof is of the essence of this Agreement. Termination hereunder shall be deemed to be effective
(a) at the end of the calendar month in which Employee’s death occurs or (b) immediately upon a determination by the Employer of Employee’s total disability, as defined herein. 
  

	 	2.4	Notice 

 The term “Notice of
Termination” shall mean at least 30 days’ written notice of termination of Employee’s employment, during which period Employee’s employment and performance of services will continue; provided, however, that
Employer may, upon notice to Employee and without reducing Employee’s compensation during such period, excuse Employee from any or all of his duties during such period. The effective date of the termination of Employee’s employment
hereunder shall be the date on which such 30-day period expires. 
  

	3.	TERMINATION PAYMENTS 

 In the event of termination
of the employment of Employee during the Term, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this paragraph 3: 
  

	 	3.1	Termination by Employer 

 If Employer terminates
Employee’s employment without Cause during the Term, Employee shall be entitled to receive (a) termination payments equal to twelve (12) months’ annual base salary, and (b) any unpaid annual base salary which has accrued for
services already performed as of the date termination of Employee’s employment becomes effective. Such payment shall be provided in equal monthly installments, less applicable deductions and tax withholding, at regular payroll intervals.
Employee shall also be entitled to payment of a pro-rated cash bonus consistent Section 1.3(b). Any pro-rated bonus payment due Employee shall be calculated and paid at the same time as the Company’s other executive officers. Employer
agrees to continue Employee’s health insurance benefits, including current dependent coverage, for twelve (12) months following the date the Employee is terminated without Cause. Thereafter Employee may self-pay health insurance under
COBRA if Employee elects to do so. All other Employer benefits cease on the date of termination without Cause. If Employee is terminated by Employer for Cause during the Term, Employee shall not be entitled to receive any of the foregoing benefits,
other than those set forth in Section 3.1(b) above. 
  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
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	 	3.2	Termination by Employee 

 In the case of the
termination of Employee’s employment by Employee, Employee shall not be entitled to any payments hereunder, other than those set forth in Section 3.1(b) hereof if such termination occurs during the Term. 
  

	 	3.3	Payment Schedule 

 All payments under this paragraph
3 shall be made to Employee at the same interval as payments of salary were made to Employee immediately prior to termination. 
  

	 	3.4	Cause 

 Wherever reference is made in this Agreement
to termination being with or without Cause, “Cause” is limited to the occurrence of one or more of the following events: 
 (a) Failure or refusal to carry out the lawful duties of Employee described in Section 1 hereof or any directions of the Board of Directors of Employer, which directions are reasonably consistent with the duties herein set forth to be
performed by Employee; 
 (b) Violation by Employee of a state or federal criminal law involving the commission of a crime against Employer
or a felony; 
 (c) Current use by Employee of illegal substances; deception, fraud, misrepresentation or dishonesty by Employee; any act or
omission by Employee which substantially impairs Employer’s business, good will or reputation; or 
 (d) Any other material violation of
any provision of this Agreement. 
  

	4.	NONCOMPETITION, NONDISCLOSURE AND NONDISPARAGEMENT 

 (a) The nature of Employee’s employment with Employer has given Employee access to trade secrets and confidential information, including information about its technology and customers. Therefore, during the one (1) year following
termination of employment for whatever reason, Employee will not engage in, be employed by, perform services for, participate in the ownership, management, control or operation of, or otherwise be connected with, either directly or indirectly, any
business or activity whose efforts are in competition with (i) the products or services manufactured or marketed by Employer at the time of this Agreement, or (ii) the products or services which have been under research or development by
Employer during the term of Employee’s employment, and which Employer has demonstrably considered for further development or commercialization, including but not limited to, coin operated amusement vending machines. The geographic scope of this
restriction shall extend to anywhere Employer is doing business, has done business or intends to do business. Employee acknowledges that the restrictions are reasonable and necessary for protection of the business and goodwill of Employer.

  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
	  	4

 If, within one year of the date of termination, Employee violates this paragraph 4, Employee shall
forfeit any remaining termination payments provided under paragraph 3. 
 (b) Employee further agrees that he will not at any time
disclose confidential information about Employer relating to its business, technology, practices, products, marketing, sales, services, finances or legal affairs. 
 (c) Following termination of Employee for any reason, Employee and Employer shall refrain from making any derogatory comment in the future to the press or any individual or entity regarding the other that relates to
their activities or relationship prior to the date of termination, which comment would likely cause material damage or harm to the business interests or reputation of Employee or Employer. Employee acknowledges that the non-disparagement provisions
of this Section 4(c) are essential to Employer, that Employer would not enter into this Agreement if it did not include this Section 4(c), and that damages sustained by Employer as a result of a breach of this Section 4(c) cannot be
adequately quantified or remedied by damages alone. Accordingly, Employer shall be entitled to injunctive and other equitable relief to prevent or curtail any breach of this Section 4(c). 
  

	5.	REPRESENTATIONS AND WARRANTIES OF EMPLOYEE 

 5.1
Effective as of the Effective Date, Employee represents and warrants that neither the execution nor the performance of this Agreement by Employee will violate or conflict in any way with any other agreement by which Employee may be bound, or
with any other duties imposed upon Employee by corporate or other statutory or common law. 
 5.2 Effective as of the Effective Date,
Employee represents and warrants that the Employment Agreement, dated July 7, 2004 between American Coin Merchandising, Inc. (n/k/a Coinstar Entertainment Services Inc.) and Employee has been terminated and that Employee has waived any right to
payment under such agreement. Employee further represents and warrants that no payment has been made or is owed by Employer or any affiliate of Employer pursuant to such agreement. 
  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
	  	5

	6.	FORM OF NOTICE 

 All notices given hereunder shall
be given in writing, shall specifically refer to this Agreement and shall be personally delivered or sent by registered or certified mail, return receipt requested, at the address set forth below or at such other address as may hereafter be
designated by notice given in compliance with the terms hereof: 
  

					
	If to Employee:	  	Randall J. Fagundo
		
	Copy to:	  	Cooley Godward LLP
		
	If to Employer:	  	Coinstar, Inc.
		  	1800 114th Avenue SE
		  	Bellevue, WA 98004
		  	Attn:	  	 Chairman of the Board of Directors

		  	cc:	  	 General Counsel

		
	Copy to:	  	Perkins Coie LLP
		  	Attn: Lynn Hvalsoe
		  	1201 Third Ave., 48th Floor
		  	Seattle, WA 98101-3099

 If notice is mailed, such notice shall be effective upon mailing, or if notice is personally
delivered, it shall be effective upon receipt. 
  

	7.	ASSIGNMENT 

 This Agreement is personal to Employee
and shall not be assignable by Employee. Employer may assign its rights hereunder to (a) any corporation or other entity resulting from any merger, consolidation or other reorganization to which Employer is a party or (b) any corporation,
partnership, association or other person to which Employer may transfer all or substantially all of the assets and business of Employer existing at such time. All of the terms and provisions of this Agreement shall be binding upon and shall inure to
the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. 
  

	8.	WAIVERS 

 No delay or failure by any party hereto in
exercising, protecting or enforcing any of its rights, titles, interests or remedies hereunder, and no course of dealing or performance with respect thereto, shall constitute a waiver thereof. The express waiver by a party hereto of any right,
title, interest or remedy in a particular instance or circumstance shall not constitute a waiver thereof in any other instance or circumstance. All rights and remedies shall be cumulative and not exclusive of any other rights or remedies.

  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
	  	6

	9.	ARBITRATION 

 Any controversies or claims arising
out of or relating to this Agreement shall be fully and finally settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association then in effect (the “AAA Rules”), conducted by one
arbitrator either mutually agreed upon by Employer and Employee or chosen in accordance with the AAA Rules, except that the parties thereto shall have any right to discovery as would be permitted by the Federal Rules of Civil Procedure for a period
of 90 days following the commencement of such arbitration and the arbitrator thereof shall resolve any dispute which arises in connection with such discovery. The prevailing party shall be entitled to costs, expenses and reasonable attorneys’
fees, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This provision shall not preclude Employer from seeking court enforcement or relief based upon an alleged violation of
Employee’s obligations under any noncompetition or non-disclosure agreement. 
  

	10.	AVAILABILITY AND CONSULTATION 

 If Employee’s
employment with Employer terminates for any reason, Employee will thereafter make himself reasonably available to Employer and counsel for Employer for the purpose of enabling Employer to defend against any legal claims in which Employer determines
he may have knowledge or information. Employer will reimburse Employee for reasonable out-of-pocket expenses incurred in connection with any consultations under this Section 10. 
  

	11.	AMENDMENTS IN WRITING 

 No amendment, modification,
waiver, termination or discharge of any provision of this Agreement, nor consent to any departure therefrom by either party hereto, shall in any event be effective unless the same shall be in writing, specifically identifying this Agreement and the
provision intended to be amended, modified, waived, terminated or discharged and signed by Employer and Employee, and each such amendment, modification, waiver, termination or discharge shall be effective only in the specific instance and for the
specific purpose for which given. No provision of this Agreement shall be varied, contradicted or explained by any oral agreement, course of dealing or performance or any other matter not set forth in an agreement in writing and signed by Employer
and Employee. 
  

	12.	APPLICABLE LAW 

 This Agreement shall in all
respects, including all matters of construction, validity and performance, be governed by, and construed and enforced in accordance with, the laws of the state of Washington, without regard to any rules governing conflicts of laws. 
  

	13.	SEVERABILITY 

 If any provision of this Agreement
shall be held invalid, illegal or unenforceable in any jurisdiction, for any reason, including, without limitation, the duration of such provision, its geographical scope or the extent of the activities prohibited or required by it, then, to the

  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
	  	7

 
full extent permitted by law (a) all other provisions hereof shall remain in full force and effect in such jurisdiction and shall be liberally construed
in order to carry out the intent of the parties hereto as nearly as may be possible, (b) such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of any other provision hereof, and (c) any
court or arbitrator having jurisdiction thereover shall have the power to reform such provision to the extent necessary for such provision to be enforceable under applicable law. 
  

	14.	HEADINGS 

 All headings used herein are for
convenience only and shall not in any way affect the construction of, or be taken into consideration in interpreting, this Agreement. 
  

	15.	COUNTERPARTS 

 This Agreement, and any amendment or
modification entered into pursuant to paragraph 11 hereof, may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together,
shall constitute one and the same instrument. 
  

	16.	ENTIRE AGREEMENT 

 Except for the Proprietary
Information and Invention Agreement executed by Employee on July 7, 2004, this Agreement sets forth the entire understanding between Employee and Employer, superseding any prior agreements or understandings, express or implied, pertaining to
the terms of Employee’s employment with Employer. Employee acknowledges that in executing this Agreement, he does not rely upon any representation or statement by any representative or agent of Employer concerning the subject matter of this
Agreement. 
 IN WITNESS WHEREOF, the parties have executed and entered into this Agreement on the date set forth below. 
  

									
		 		 	 COINSTAR, INC.

					
		 	 /s/ Randall J. Fagundo
	 		 	 By:
	 	 /s/ David W. Cole

		 	 RANDALL J. FAGUNDO
	 		 	 Its Chief Executive Officer

		 	 Date: 6/27/06
	 		 	 Date: 6/28/06

  

			
	 RANDALL J. FAGUNDO EMPLOYMENT AGREEMENT EFFECTIVE JULY 7, 2006
	  	8

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