Document:

Exhibit 10a(20)

 

PUBLIC
  SERVICE ENTERPRISE GROUP INCORPORATED

MANAGEMENT
INCENTIVE COMPENSATION PLAN

Effective
January 1, 2009

TABLE
OF CONTENTS

	
 

	
 

	
 

	
 

	
I.

	
PURPOSE

	
 

	
1

	
 

	
 

	
 

	
 

	
II.

	
DEFINITIONS

	
 

	
1

	
 

	
 

	
 

	
 

	
III.

	
ADMINISTRATION

	
 

	
5

	
 

	
 

	
 

	
 

	
IV.

	
ELIGIBILITY

	
 

	
5

	
 

	
 

	
 

	
 

	
V.

	
TARGET INCENTIVE AWARDS

	
 

	
6

	
 

	
 

	
 

	
 

	
VI.

	
PERFORMANCE GOALS

	
 

	
7

	
 

	
 

	
 

	
 

	
VII.

	
DETERMINATION OF FINAL INCENTIVE AWARDS

	
 

	
8

	
 

	
 

	
 

	
 

	
VIII.

	
DISTRIBUTION

	
 

	
10

	
 

	
 

	
 

	
 

	
IX.

	
TERMINATION OF EMPLOYMENT

	
 

	
10

	
 

	
 

	
 

	
 

	
X.

	
LIMITATIONS

	
 

	
11

	
 

	
 

	
 

	
 

	
XI.

	
LIMITATION OF ACTIONS

	
 

	
11

	
 

	
 

	
 

	
 

	
XII.

	
CLAIMS PROCEDURES

	
 

	
12

	
 

	
 

	
 

	
 

	
XIII.

	
PLAN AMENDMENT, SUSPENSION OR TERMINATION

	
 

	
13

	
 

	
 

	
 

	
 

	
XIV.

	
OTHER COMPENSATION PLANS

	
 

	
13

	
 

	
 

	
 

	
 

	
XV.

	
MISCELLANEOUS

	
 

	
13

i

PUBLIC
SERVICE ENTERPRISE GROUP INCORPORATED

MANAGEMENT
INCENTIVE COMPENSATION PLAN

I. PURPOSE

          The
purposes of this Plan are to foster attainment of the financial and operating
objectives of the Company and its Participating Affiliates, which are important
to customers and stockholders by providing incentive to certain key officers
and executive-level employees who contribute to attainment of these objectives.
This Plan is designed to provide for awards to selected salaried employees in
executive or other important positions, who, individually or as members of a
group, contribute in a substantial degree to the success of the Company and its
Participating Affiliates, and who are in a position to have a direct and
significant impact on the growth and success of the Company and its
Participating Affiliates, thus affording to them a means of participating in
that success and an incentive to contribute further to that success. This Plan
also serves to supplement the Company’s and Participating Affiliates’ salary
and benefit programs so as to provide overall compensation for such
executive-level employee that is competitive with corporations with which the
Company and its Participating Affiliates must compete for executive talent and
to assist the Company and its Participating Affiliates in attracting and
retaining executives who are important to their continued success.

II. DEFINITIONS

          The
following words and phrases shall have the meanings set forth below:

          (a)
“Affiliate”
shall mean any organization which is a member of a controlled group of
corporations (as defined in Code section 414(b), as modified by Code section 

1

415(h)) which
includes the Company; or any trades or businesses (whether or not incorporated)
which are under common control (as defined in Code section 414(c), as modified
by Code section 415(h)) with the Company; or a member of an affiliated service
group (as defined in Code section 414(m)) which includes the Company or any
other entity required to be aggregated with the Company pursuant to regulations
under Code section 414(o).

          (b)
“Award” shall mean the amount determined by the Committee pursuant to Section
VII hereof.

          (c)
“Award Fund” shall mean the aggregate amount made available in any Plan Year
pursuant to Section V hereof from which awards determined under Section VII
hereof may be made.

          (d)
“Cash Balance Plan” shall mean the Cash Balance Pension Plan of Public Service
Enterprise Group Incorporated.

          (e)
“CEO” shall mean the Chief Executive Officer of the Company. If the Board of
Directors has not designated a Chief Executive Officer, “CEO” shall mean the
President of the Company.

          (f)
“Code”
shall mean the Internal Revenue Code of 1986, as amended, or as it may be
amended from time to time.

          (g)
“Committee” shall mean the Organization and Compensation Committee of the Board
of Directors of the Company, the membership on which shall be limited to
directors of the Company who are not Employees.

2

          (h)
“Company” shall mean Public Service Enterprise Group Incorporated, a New Jersey
corporation, or any successor thereto.

          (i)
“Disability” for the purposes of this Plan, a Participant shall be deemed to
have terminated employment on account of “Disability “if such Participant
qualifies for a disability pension under the Pension Plan or the Cash Balance
Plan.

          (j)
“Employee”
shall mean any person not included in a unit of employees covered by a
collective bargaining agreement who is an employee (such term having its
customary meaning) of the Company or a Participating Affiliate, whether
full-time or part-time, and whether or not an officer or director, and who is
receiving remuneration for personal services rendered to the Company or
Participating Affiliate other than (i) solely as a director of the Company or a
Participating Affiliate, (ii) as a temporary employee, (iii) as a consultant or
(iv) as an independent contractor (regardless of whether a determination is
made by the Internal Revenue Service or other governmental agency or court
after the individual is engaged to perform such services that the individual is
an employee of the Company or Participating Affiliate for the purposes of the
Code or otherwise).

          (k)
“Lay Off” shall mean an involuntary termination of employment, other than for
cause.

          (l)
“Participant” shall mean an Employee who has been designated by the Committee
to participate in the Plan pursuant to Sections IV and V hereof.

          (m)
“Participating
Affiliate” shall mean any Affiliate of the Company that adopts this Plan with
the approval of the Board of Directors of the Company. As a condition to
participating in this Plan, such Affiliate shall authorize the Board of
Directors

3

of the Company and the Committee to act for it in all
matters arising under or with respect to this Plan and shall comply with such
other terms and conditions as may be imposed by the Board of Directors of the
Company.

          (n)
“Pension Plan” shall mean the Pension Plan of Public Service Enterprise Group
Incorporated.

          (o)
“Plan” shall mean this Public Service Enterprise Group Incorporated Management
Incentive Compensation Plan, as it may be amended from time to time.

          (p)
“Plan Year” shall mean the calendar year.

          (q)
“Retirement” shall mean the voluntary termination of employment under circumstances
entitling the Participant to an immediately payable periodic retirement benefit
under the Pension Plan or the Cash Balance Plan. Retirement shall not include
termination of service with a right to a deferred pension under the Pension
Plan or a deferred retirement benefit or early commencement of a Participant’s
cash balance account under the Cash Balance Plan; 

          (r)
“Subsidiary” shall mean any corporation, limited liability company or other
entity, domestic or foreign (other than the Company), 50% or more of the total
voting power of which is held by the Company and/or a Subsidiary or
Subsidiaries.

          (s)
“Target Incentive Awards” shall mean the amounts determined by the Committee
pursuant to Section V hereof.

4

III. ADMINISTRATION

          (a)
The Committee shall administer the Plan. Subject to the provisions of the Plan,
the Committee shall have full and final authority to select Participants, to
designate Target Incentive Awards for each Participant and to determine the
performance objectives and the amount of all Awards under this Plan. The
Committee shall also have, subject to the provisions of the Plan, full and
final authority to interpret the Plan, to establish and revise such
administrative regulations as it deems necessary for the proper administration of
the Plan and to make any other determinations that it believes necessary or
advisable for the administration of the Plan. The Committee may delegate such
responsibilities, other than final approval of Awards or appeals of alleged
adverse determinations under the Plan, to the CEO or to any other officer of
the Company or any Participating Affiliate.

          (b)
All decisions and determinations by the Committee shall be final and binding
upon all parties, including stockholders, Participants, legal representatives
and other Employees.

          (c)
The Committee may rely conclusively on the determinations made by the Company’s
independent public accountants.

IV. ELIGIBILITY

          (a)
Those Employees who are key officers or executive-level Employees of the
Company, a Subsidiary or an Affiliate who, in the opinion of the Committee, are
in a position to have a direct and significant impact on achieving the
Company’s long-term objectives are eligible to participate in the Plan. 

          (b)
The Committee may select such Employees of the Company or Participating
Affiliate (individually or by position) for participation in the Plan upon such
terms as it deems

5

appropriate, due to the Employee’s responsibilities
and his/her opportunity to contribute substantially to the attainment of
financial and operating objectives of the Company or Participating Affiliate. A
determination of participation for a Plan Year shall be made no later than the
beginning of that Plan Year; provided, however, that newly hired Employees may
be added and an Employee whose duties and responsibilities change significantly
during a Plan Year may be added or deleted as a Participant by the Committee. The Committee may prorate the
Incentive Award of any Participant if appropriate to reflect any such change in
duties and responsibilities during a Plan Year.

          (c)
Any Employee who has been selected as a Participant in the Public Service Enterprise Group
Incorporated Key Executive Incentive Compensation Plan for any Plan Year may
not participate in this Plan for the same Plan Year. 

          (d)
Participation in the Plan in one Plan Year shall not guarantee or require
participation in another Plan Year.

          (e) The Committee shall have sole discretion as
to whether to suspend operation of the Plan for any period of time.

V. TARGET
INCENTIVE AWARDS

          (a)
For each Plan Year, the Committee shall determine:

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
Whether or not the Plan shall be in operation for
 such Plan Year.

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
The names or positions of those Employees who will
 participate in the Plan for such Plan Year.

6

	
 

	
 

	
 

	
 

	
 

	
 

	
(iii)

	
The Target Incentive Award for each Participant,
 expressed as a percentage of the Participant’s rate of base salary in effect
 as of the last day of the Plan Year to which such Target Incentive Award
 relates. 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
At any time after the
 commencement of a Plan Year, but prior to the close thereof, the Committee
 may, in its discretion, eliminate or add Participants or increase or decrease
 the Target Incentive Award of any Participant based upon such criteria as it
 shall deem appropriate.

VI. PERFORMANCE
GOALS

          For
each Plan Year, within 90 days of the beginning of the Plan Year (or, for
Participants joining the Plan during a Plan year, within 90 days of participation),
the CEO shall approve performance goals for each Participant which shall be
performance measures or objectives, whether quantitative or qualitative, which
must be achieved in order to earn an Award under this Plan. The CEO shall
approve the specific targets for any such selected performance goals. These
targets may be set at a specific level or may be expressed as relative to the
comparable measure at comparison companies or to a defined index. Such
performance goals shall include a corporate goal or goals related to the
performance of the Company and may include (i) an employer goal or goals
related to the performance of a Subsidiary or organizational business unit and
(ii) an individual goal or goals related to the individual performance of the Participant
in his/her position.

          The
CEO shall determine the substance and weighting of each goal of a subsidiary
president. The CEO may determine the substance and weighting of each of the
goals of other

7

Participants or may delegate the determination of the
substance and weighting of these goals to the Subsidiary presidents with their
respective business units and direct reports. 

          Notwithstanding
the foregoing, however, for any Plan Year, the Committee or the CEO may, as
deemed to be appropriate, elect to adjust the applicable weightings of the
corporate goal(s), the employer goal(s) and the individual goal(s) as part of
the criteria for determining Awards for any Participant or group of
Participants in this Plan.

VII. DETERMINATION
OF FINAL INCENTIVE AWARDS

          A
Participant’s Final Incentive Award will be determined as follows:

	
 

	
 

	
 

	
 

	
(a)

	
Within 60 days of the end of each Plan Year, the CEO
 shall certify, subject to confirmation by the Committee, the achievement of
 the corporate goal(s), the several employer goals and the several individual
 goals for the Plan Year. 

	
 

	
 

	
 

	
 

	
(b)

	
The result of such certifications shall be the
 Corporate Factor, the Employer Factor and the Individual Performance Factor,
 respectively. 

	
 

	
 

	
 

	
 

	
(c)

	
The respective portions (employer and individual) of
 each Participant’s Target Incentive Amount shall then be multiplied by the
 Employer Factor and the Individual Performance Factor, as appropriate, added
 together. The result of those calculations shall be then multiplied by the
 Corporate Factor to determine the Participant’s Incentive Award. For example,
 assume (i) a Target Incentive Amount of 50.0%, (ii) a Corporate Factor of
 0.95, (iii) an employer goal weighting of 70%, (iv) an Employer Factor of
 1.20, (v) an individual Goal weighting of 30% and (vi) an Individual
 Performance Factor of 0.80:

8

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1. Employer Portion =

	
1.20

	
x

	
.70

	
x

	
50.0% =

	
 

	
42.00%

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2. Individual Portion =

	
0.80

	
x

	
.30

	
x

	
50.0% =

	
 

	
12.00% 

          INCENTIVE
AWARD = 42.00% + 12.00% = 54.00% x 0.95 = 51.30% x Salary

	
 

	
 

	
 

	
 

	
(e)

	
Notwithstanding anything contained in this Plan to
 the contrary, unless the CEO shall specifically so determine and the
 Committee affirm, a Participant’s Final Incentive Award shall not exceed 1.5
 times such Participant’s Target Incentive Amount for the Plan Year to which
 it relates.

	
 

	
 

	
 

	
 

	
(f)

	
Unless otherwise determined by the Committee or the
 CEO, the Employer Factor to be applied in determining a Participant’s Final
 Incentive Award shall be that of the Subsidiary/ Business Unit of which the
 Participant was a member on the last day of (or, for terminated Participants
 eligible for Awards, on the last day of employment in) the Plan Year to which
 the Award relates.

	
 

	
 

	
 

	
 

	
(g)

	
Unless otherwise determined by the CEO, to the
 extent that the Target Incentive Amount applicable to any Participant is
 changed during a Plan Year (e.g., downgrade of incumbent position, change in
 position, promotion to new position), such Participant’s Final Incentive
 Award shall be prorated on the basis of the Participant’s service in his/her
 respective positions. 

	
 

	
 

	
 

	
 

	
(h)

	
Also notwithstanding anything contained in this Plan
 to the contrary, the Committee or CEO may adjust a Participant’s Final
 Incentive Award based upon any criteria it/he/she may determine to be
 reasonable.

9

VIII. DISTRIBUTION

	
 

	
 

	
 

	
 

	
(a)

	
All distributions of a Participant’s Final Incentive
 Award shall be made as of a distribution date which shall be no later than
 the 15th day of the third month following the close of the Plan
 Year to which such award relates.

	
 

	
 

	
 

	
 

	
(b)

	
All distributions shall be in one lump sum in money
 by check.

IX. TERMINATION
OF EMPLOYMENT

	
 

	
 

	
 

	
 

	
(a)

	
If the employment of a Participant is terminated on
 account of the Participant’s death, Disability, Lay-Off or Retirement, and if
 the Committee determines that Awards under this Plan may be earned for the
 Plan Year of termination, such Participant’s Award shall be prorated for that
 part of the Plan Year in which the Participant was participating prior to such
 termination and the Company shall pay such prorated Award as soon as
 practicable after determination of the Final Incentive Award in accordance
 with Section VII, unless otherwise determined by the Committee; provided,
 however, that any Participant who has received a benefit under the Key
 Employee Severance Plan of Public Service Enterprise Group Incorporated shall
 not be entitled to a prorated payment provided for under this subsection.

	
 

	
 

	
 

	
 

	
(b)

	
If, prior to the payment of any Award under this
 Plan, the employment of a Participant is terminated for any reason other than
 death, Disability, Lay-Off or Retirement, the Participant shall forfeit the
 right to payment of such Award, unless otherwise determined by the Committee.

10

	
 

	
 

	
 

	
 

	
(c)

	
If a Participant becomes a Participant during a Plan
 Year, any Award under this Plan to the Participant may be appropriately
 prorated from the time the Participant entered the Plan to the end of the
 Plan Year, as determined by the CEO.

	
 

	
 

	
 

	
 

	
(d)

	
In the case of a Participant’s death, any payment
 under this Plan shall be made to the Participant’s estate. Such payment shall
 be made as a lump sum as soon as practicable after determination of the Final
 Incentive Award in accordance with Section VII.

X. LIMITATIONS

          Neither
the action of the Company in establishing the Plan, nor any action taken by it
or by the Committee under the provisions hereof, nor any provision of the Plan,
shall be construed as giving to any Employee the right to be retained in the
employ of the Company, its Subsidiaries or its Affiliates.

          The
Company may offset against any payments to be made to a Participant or his/her
beneficiary under this Plan any amounts owing to the Company, its Subsidiaries
or its Affiliates from the Participant for any reason.

          The
invalidity or unenforceability of any provision of this Plan shall in no way
affect the validity or enforceability of any other provision hereof.

XI. LIMITATION
OF ACTIONS

          Every
asserted right of action by or on behalf of the Company or by or on behalf of
the stockholder against any past, present or future member of the Committee or
director, officer or Employee of the Company or any Subsidiary or Affiliate
thereof, arising out of or in connection

11

with this Plan, shall, irrespective of the place where
such right of action may arise or be asserted and irrespective of the place of
residence of any such member director, officer or Employee, cease and be barred
upon the expiration of three years (i) from the date of the alleged act or
omission in respect of which such right of action arises or (ii) from the date
upon which the Company’s Annual Report to Stockholders setting forth the
aggregate amount of the awards to all or any part of which such action may
relate is made generally available to stockholders, whichever date is earlier;
and every asserted right of action by or on behalf of any Employee, past,
present or future, or any beneficiary, spouse, child or legal representative
thereof, against the Company or any Subsidiary or Affiliate thereof, arising
out of or in connection with this Plan, shall, irrespective of the place where
such right of action may arise or be asserted, cease and be barred by the
expiration of three years from the date of the alleged act or omission in
respect of which such right of action arises.

XII. CLAIMS
PROCEDURE

          In
the case of any Participant (whether active, retired or terminated) or
beneficiary whose claim for an award under this Plan has been denied, the
Company shall provide adequate notice in writing of such adverse determination
setting forth the specific reasons for such denial in a manner calculated to be
understood by the recipient thereof. Such Participant or beneficiary shall be
afforded a reasonable opportunity for a full and fair review of the decision
denying the claim by the Committee.

12

XIII. PLAN
AMENDMENT, SUSPENSION OR TERMINATION

          The
Board of Directors may discontinue the Plan at any time and may, from time to
time, amend or revise the terms of the Plan as permitted by applicable
statutes; provided, however, that no such discontinuance, amendment or revision
shall materially adversely affect any right or obligation with respect to any
award theretofore made. The Plan will continue in operation until discontinued
as herein provided.

XIV. OTHER
COMPENSATION PLANS

          The
adoption of this Plan shall not affect any other incentive compensation plan,
stock option plan or any other compensation plan in effect for the Company or
any Affiliate, nor shall the Plan preclude the Company or any Affiliate from
establishing any other form of incentive compensation plan, stock option plan
or any other compensation plan.

XV. MISCELLANEOUS

          (a)
The costs and expenses of administering the Plan shall be borne by the Company
and its Affiliates and shall not be charged against any Award or to any
Participant receiving an Award.

          (b)
To the extent not preempted by Federal law, this Plan and actions taken in
connection herewith shall be governed and construed in accordance with the laws
of the State of New Jersey without reference to its Conflict of Laws
principles.

          (c)
The captions and section numbers appearing in this Plan are inserted only as a
matter of convenience. They do not define, limit or describe the scope or
intent of the provisions of the Plan. In this Plan, words in the singular
number include the plural and in the plural include

13

the singular; and
words of the masculine gender include the feminine and the neuter, and when the
sense so indicates, words of the neuter gender may refer to any gender. The
invalidity or unenforceability of any provision hereof shall in no way affect
the validity or enforceability of any other provision.

          (d)
Every direction, revocation or notice authorized or required by the Plan shall
be deemed delivered to the Company (a) on the date it is personally delivered
its principal executive offices to the attention of the Compensation Manager of
PSEG Services Corporation or (b) three business days after it is sent by
registered or certified mail, postage prepaid, addressed to the Company (attn:
Compensation Manager of PSEG Services Corporation) at such offices; and shall
be deemed delivered to a Participant (a) on the date it is personally delivered
to him or her, or (b) three business days after it is sent by registered or
certified mail, postage prepaid, addressed to him or her at the last address
shown for him or her on the records of the Company.

          (e)
Except as otherwise provided herein, this Plan shall inure to the benefit of
and be binding upon the Company, its successors and assigns, including but not
limited to any corporation which may acquire all or substantially all of the
Company’s assets and business or with or into which the Company may be
consolidated or merged.

          
(f) Failure by the Company or the Committee to insist upon strict compliance
with any of the terms, covenants or conditions hereof shall not be deemed a
waiver of any such term, covenant or condition, nor shall any waiver or
relinquishment of any right or power hereunder at any one or more times be
deemed a waiver or relinquishment of any such right or power at any other time
or times.

14

          (g)
The Company shall have the right to deduct from any Award payment any sum
required to be withheld by federal, state, or local tax law. There is no
obligation hereunder that any Participant or other person be advised in advance
of the existence of the tax or the amount so required to be withheld.

          (h)
This Plan was originally adopted effective as of January 1, 2009.

15exhibit10_19.htm

    EXHIBIT
10.19

     

     

    EXECUTIVE EMPLOYMENT AGREEMENT

     

    This
Executive Employment Agreement (this "Agreement") is entered into as of
January 1, 2009 by and between Donald T. Johnson Jr., a natural person
("Executive"), and ATC Technology Corporation, a Delaware corporation
(“ATC”).  As used herein, the “Company” refers to ATC and/or any
subsidiary of ATC.  The parties hereto agree as follows:

     

    1.         Employment.

     

    (a)         Best
Efforts.  Subject to the terms set forth herein, the Company
agrees to employ Executive as Chairman of ATC and Executive hereby accepts such
employment.  While employed by the Company, Executive will devote his
best efforts and such time as is necessary to the performance of his duties
hereunder and to the business and affairs of ATC and its subsidiaries and will
not be employed by any other employer (other than an employer owned at least
50.1% by Executive), although Executive may serve on other boards of directors
so long as such service does not create a conflict of interest with the
Company.

     

    (b)         Duties.  Executive
shall perform such duties for the Company as are customarily associated with the
position of Chairman, consistent with the Bylaws of the Company and as required
by the Board of Directors of ATC.

     

    (c)         Company
Policies.  The employment relationship between the parties
shall be governed by the general employment policies and practices of the
Company, except that when the terms of this Agreement differ from or are in
conflict with such employment policies and practices, this Agreement shall
control.

     

    2.         Compensation and
Benefits.

     

    (a)         Salary.  Executive
shall receive for services to be rendered hereunder a base salary of $236,274
payable on the Company’s regular payroll dates, subject to standard withholdings
for taxes and social security and the like.

     

    (b)         Incentive
Plans.  Executive shall not participate in any of the Company’s
incentive plans, provided that nothing in this Agreement shall affect
Executive’s previously established participation in the 2008 Incentive
Compensation Plan or the cash award component of the 2008-2010 Long-Term
Incentive Plan.

     

    (c)         Participation in Benefit
Plans.  While employed by the Company, Executive shall be
entitled to participate in any group medical, dental, health and accident,
disability insurance, life insurance (at a minimum of $1.5 million in
Company-paid coverage), retirement income, deferred compensation or similar plan
or program of the Company to the extent that he is eligible under the general
provisions thereof.  The Company may, in its discretion and from time
to time, establish additional management benefit programs as it deems
appropriate.  Executive understands that any such plans may be
modified or eliminated in the Company's discretion in accordance with applicable
law.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    3.         Perquisites.

     

    (a)         Financial Planning/Club Dues
Allowance.  Executive shall be entitled to a financial
planning/club dues allowance of $8,438, subject to applicable
withholding.

     

    (b)         Automobile.  Executive
shall be entitled to an automobile allowance of $10,126, subject to applicable
withholding.

     

    4.         Business
Expenses.  Executive shall
be reimbursed for documented and reasonable business travel expenses in
connection with the performance of his duties hereunder.

     

    5.         Termination
of Employment.  The date on which
Executive's employment by the Company ceases, under any of the circumstances
provided in Section 5(a)-(g), shall be defined herein as the "Termination
Date."  All capitalized terms used in this Section 5 without
definition will have the meanings set forth in Section 5(l).

     

    (a)         End of Employment
Term.  Unless terminated earlier pursuant to
Section 5(b)-(g), Executive’s employment will terminate on June 3,
2009.  Within ten business days after the Termination Date, Executive
shall receive payment for all accrued salary through the Termination Date and
the Earned Benefits.  Executive shall also receive the LTIP
Payment.  Except as provided above, no compensation of any kind or
severance payment will be payable under this Agreement due to a termination
pursuant to this Section 5(a), except that if a Change in Control occurs
prior to Executive’s termination pursuant to this Section 5(a), such
termination shall be treated as a Company termination without Cause and
Executive shall be entitled to the payments and benefits provided in
Section 5(f).

     

    (b)         Termination for
Cause.  The Company may terminate Executive's employment at any
time for Cause immediately upon written notice to Executive of the circumstances
leading to such termination for Cause.  If Executive's employment is
terminated for Cause, Executive shall receive payment for all accrued salary
through the Termination Date (which in this event shall be the date upon which
notice of termination is given) and the Earned Benefits.  The Company
shall have no obligation to pay severance of any kind nor to make any payment in
lieu of notice if Executive is terminated for Cause.

     

    (c)         Voluntary
Termination.  Executive may voluntarily terminate his
employment with the Company at any time upon 90 days’ prior written
notice.  Within ten business days after the Termination Date,
Executive shall receive payment for all accrued salary through the Termination
Date and the Earned Benefits, after which no further compensation of any kind or
severance payment will be payable under this Agreement.  If the Board
determines that Executive has provided all services and cooperation required by
the Board to transition Executive’s position to a successor (regardless of
whether an orderly transition has actually occurred), Executive shall also
receive the LTIP Payment.

     

    (d)         Termination Upon
Death.  Executive’s employment will terminate upon his
death.  Within ten business days after the Termination Date,
Executive’s Beneficiary shall receive payment for all accrued salary through the
Termination Date and the Earned Benefits.  Executive’s Beneficiary
shall also receive the LTIP Payment.  Except as provided above, no
compensation of any kind or severance payment will be payable under this
Agreement due to a termination pursuant to this
Section 5(d).

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (e)         Termination Upon
Disability.  The Company may terminate Executive's employment
in the event Executive suffers a disability that renders Executive unable to
perform the essential functions of his position, even with reasonable
accommodation in compliance with the Americans with Disabilities Act, for three
consecutive months.  A termination in such circumstances shall be
treated as a Company termination without Cause and Executive shall be entitled
to the payments and benefits provided in Section 5(f) and
Section 5(i)(i).  The foregoing shall not affect any rights that
Executive may have under applicable workers’ compensation laws or any disability
plan of the Company.

     

    (f)         Termination Without
Cause.  The Company may terminate Executive's employment
without Cause at any time upon 30 days’ prior written notice.  Within
ten business days after the Termination Date, Executive shall receive payment
for all accrued salary through the Termination Date and the Earned
Benefits.  Executive shall also receive the LTIP
Payment.  In addition, the Company shall pay Executive as severance
$1,120,000 (i.e., 200% of Executive’s annualized base
salary).  Subject to Section 11, the severance shall be paid in
equal installments on each of the Company’s regular payroll dates during the
two-year period following the Termination Date, unless the Termination Date
occurs after a Change in Control, in which case the severance will be paid in a
single lump sum within ten business days after the Termination
Date.  The Company will pay up to $25,000 of the cost of an
executive level individualized career transition program through a professional
outplacement firm mutually selected by the Company and the Executive if such
program is initiated within 30 days after the Termination Date.  If
Executive dies after the Termination Date, the payment or payments due
thereafter under this Section 5(f) shall be made to Executive’s Beneficiary
but the career transition benefits shall terminate as of the date of
death.  As a condition to receiving the payments and benefits provided
by this Section 5(f) (other than payment for all accrued salary through the
Termination Date and the Earned Benefits, which shall be payable in any case),
Executive shall execute and deliver to the Company on the Termination Date a
general release in the form attached hereto as Exhibit A.

     

    (g)        Fundamental
Changes.  If the Company (i) materially diminishes
Executive's duties, authority, responsibility or compensation without
performance justification, or (ii) breaches this Agreement in any material
respect, Executive may terminate his employment, provided that Executive has
given the Company 30 days’ written notice prior to such termination and the
Company has not cured such diminution or breach, as the case may be, by the end
of such 30-day period.  A termination in such circumstances shall be
treated as a Company termination without Cause and Executive shall be entitled
to the payments and benefits provided in Section 5(f) and
Section 5(i)(i).

     

    (h)        Medical
Coverage.  Except in the case of Executive’s death or
termination for Cause, until the fifth anniversary of the Termination Date (such
five-year period being the “Coverage Period”) the Company will provide continued
medical-related insurance coverage to Executive and his spouse at the levels and
at the rates applicable from time to time to comparable active employees and
spouses of the Company.  Medical-related insurance coverage includes
health, dental, vision and/or cancer.  COBRA continuation coverage
eligibility 

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    shall
commence as of the day following the end of the Coverage
Period.  Notwithstanding the above, coverage under each of these plans
shall cease on the date (i) Executive (or his spouse in the event Executive
dies during the Coverage Period) fails to pay timely the premium required by
such plan, (ii) Executive (or his spouse in the event Executive dies during
the Coverage Period) becomes eligible for coverage under Medicare or the group
health plan of any other employer, or (iii) the Company terminates such
plan as to all its employees, provided, however, that if the Company terminates
such plan, the Company shall make a lump sum payment to Executive (or to his
spouse in the event Executive dies during the Coverage Period) equal to
(x) the Company’s contribution to such plan with respect to Executive and
his spouse (or just his spouse if Executive is then no longer alive) for the
last full month during which coverage was provided under such plan multiplied by
(y) the number of months remaining in the Coverage Period.

     

    (i)         Vesting of Restricted Stock
and Stock Options.  All of Executive’s restricted stock and
unvested stock options that are outstanding as of the Termination Date will be
treated as follows following the Termination Date:

     

            (i)       In
the case of termination pursuant to Section 5(a) or Company termination
without Cause, such restricted stock and unvested options will continue to vest
after the Termination Date according to their vesting schedules notwithstanding
the fact that Executive has ceased to be an employee of the
Company.

     

    (ii)  In the case of
Executive’s death, such restricted stock and unvested options shall fully vest
as of the Termination Date.

     

    (iii)     In
the case of voluntary resignation, such restricted stock and unvested options
will terminate on the Termination Date unless the Board determines that
Executive has provided prior to the termination of Executive’s employment all
services and cooperation required by the Board to transition Executive’s
position to a successor (regardless of whether an orderly transition has
actually occurred), in which case such restricted stock and unvested options
will continue to vest after the Termination Date according to their vesting
schedules notwithstanding the fact that Executive has ceased to be an employee
of the Company.

     

    (iv)     In
the case of termination for Cause, restricted stock and unvested options will
terminate on the Termination Date.

     

    (v)      Except
in the case of termination for Cause, options that are vested as of the
Termination Date or subsequently vest pursuant to this Section 5(i) shall
remain in effect and be exercisable until the tenth anniversary of the date of
grant.

     

    (j)         No Other Payments or
Benefits.  Except as otherwise expressly provided in this
Agreement, (i) after the Termination Date Executive will not be entitled to
any payments from the Company and (ii) on the Termination Date Executive’s
participation in and coverage under the Company’s benefit programs (including
the ATC Retirement Savings Plan (i.e., the 401(k) plan) and
the Company’s group life and disability insurance plans) shall cease; provided
that Executive shall retain any right to convert to individual coverage as
permitted under these insurance plans and to any vested benefits under the
401(k) plan and the Company’s stock option plans.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (k)        Withholding.  Any
amounts payable under this Section 5 shall be subject to standard withholdings
for taxes and social security and the like.

     

    (l)         Definitions.

     

    (i)        “Beneficiary” means a person,
trust or other entity (or any combination thereof) designated from time to time
by Executive in writing to receive compensation payable hereunder following
Executive’s death.  In the event Executive does not designate a
Beneficiary or there is no surviving Beneficiary, then Executive’s estate will
be the Beneficiary.

     

    (ii)       "Cause" means the occurrence
or existence of any of the following with respect to Executive, as determined by
the Company in its sole discretion:

     

    (A)  a material breach by
Executive of (x) his duty not to engage in any transaction that represents,
directly or indirectly, self-dealing with the Company or any of its affiliates
that has not been approved by the Company, or (y) the terms of this
Agreement, if in any such case such material breach remains uncured after the
lapse of 30 days following the date that the Company has given Executive written
notice thereof;

     

    (B)  the material breach by
Executive of any duty referred to in clause (A) above as to which at least one
written notice has been given pursuant to clause (A);

     

    (C)  any act of dishonesty,
misappropriation, embezzlement, intentional fraud or similar conduct involving
the Company or any of its affiliates;

     

    (D)  the conviction or the
plea of nolo contendere or the equivalent in respect of a felony involving moral
turpitude;

     

    (E)  any intentional damage of
a material nature to any property of the Company or any of its affiliates;
or

     

    (F)  the repeated
non-prescription use of any controlled substance or the repeated use of alcohol
or any other non-controlled substance that, in the reasonable determination of
the Company renders Executive unfit to serve in his capacity as an employee of
the Company or its affiliates.

     

    (iii)      “Change in Control” means the
first to occur of the following:

     

    (A)  any sale or transfer or
other conveyance, whether direct or indirect, of all or substantially all of the
assets of the Company, on a consolidated basis, in one transaction or a series
of related transactions, unless, immediately after giving effect to such
transaction, at least 85% of the total voting power normally entitled to vote in
the election of directors, managers or trustees, as applicable, of the
transferee is “beneficially owned” by persons who, immediately prior to the
transaction, beneficially owned 100% of the total voting power normally entitled
to vote in the election of directors of the Company;

     

    (B)  any Person or Group is or
becomes the "beneficial owner," directly or indirectly, of more than 35% of the
total voting power in the aggregate of all classes of capital stock of the
Company then outstanding normally entitled to vote in elections of
directors;

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (C)  during any period of 12
consecutive months, individuals who at the beginning of such 12-month period
constituted the Company’s Board of Directors (together with any new directors
whose election by such Board or whose nomination for election by the
shareholders of the Company was approved by a vote of a majority of the
directors then still in office who were either directors at the beginning of
such period or whose election or nomination for election was previously so
approved) cease for any reason to constitute a majority of the Company’s Board
of Directors then in office; or

     

    (D)  a reorganization, merger
or consolidation of the Company the consummation of which results in the
outstanding securities of any class of the Company’s capital stock being
exchanged for or converted into cash, property and/or a different kind of
securities, unless, immediately after giving effect to such transaction, at
least 85% of the total voting power normally entitled to vote in the election of
directors, managers or trustees, as applicable, of the entity surviving or
resulting from such reorganization, merger or consolidation is “beneficially
owned” by persons who, immediately prior to the transaction, beneficially owned
100% of the total voting power normally entitled to vote in the election of
directors of the Company.

     

    (iv)       “Earned Benefits” means any
(A) bonus that is payable to Executive pursuant to the terms of the 2008
Incentive Compensation Plan that has not been paid prior to the Termination
Date, (B) vacation time that has accrued prior to 2009 and has not been
used or paid as of the Termination Date, (C) other entitlements to cash
payments that have accrued and not been paid as of the Termination Date, and (D)
deferred compensation earned by Executive prior to
termination.  Notwithstanding other provisions of this Agreement
regarding the timing of payment of Earned Benefits, (x) the 2008 Incentive
Compensation Plan bonus will not be paid until the completion of the Company’s
audited consolidated financial statements for 2008, and (y) deferred
compensation will be paid as provided in the Company’s deferred compensation
plan.

     

    (v)        “LTIP Payment” means the
amount, if any, that would have been payable to Executive under the cash award
component of the 2008-2010 Long-Term Incentive Plan if he had remained employed
by the Company through December 31, 2010 multiplied by a fraction
(x) the numerator of which is the number of days starting January 1,
2008 through the Termination Date and (y) the denominator of which is the
number of days in the 2008-2010 Long-Term Incentive Plan.  The LTIP
Payment will be payable upon the completion of the Company’s audited
consolidated financial statements for 2010.

     

    (vi)       “Person” and “Group” have the meanings
used for purposes of Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended, whether or not such sections apply to the transaction in
question.

     

    6.         Proprietary
Information Obligations.  Prior to and/or
while employed by the Company, Executive has had and/or will have access to and
has become and/or will become acquainted with the confidential and proprietary
information of the Business (as defined in Section 8) and the Company and
its affiliates, including but not limited to confidential and 

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    proprietary
information or plans regarding customer relationships; personnel; sales,
marketing, and financial operations and methods; trade secrets; formulas;
devices; secret inventions; processes and other compilations of information,
records, and specifications (collectively "Proprietary
Information").  Executive shall not disclose any of the Proprietary
Information directly or indirectly, or use it in any way, either while employed
by the Company, or at any time thereafter, except as required in the course of
his employment hereunder or as authorized in writing by the
Company.  All files, records, documents, computer-recorded
information, drawings, specifications, equipment and similar items relating to
the Business or the Company or its affiliates, whether prepared by Executive or
otherwise coming into his possession prior to or while employed by the Company,
shall remain the exclusive property of the Company or such affiliate and shall
not be removed from the premises of the Company or its affiliate under any
circumstances whatsoever without the prior written consent of the Company,
except when (and only for the period) necessary to carry out Executive's duties
hereunder, and if removed shall be immediately returned upon any termination of
his employment and no copies thereof shall be kept by Executive.

     

    7.         Noninterference.  While employed by
the Company and for a period of 36 months thereafter, Executive shall not,
without the prior written consent of the Company, interfere with the Company or
any of its affiliates by directly or indirectly soliciting, attempting to
solicit, inducing, or otherwise causing or assisting any person who is then
employed by the Company or any of its affiliates to terminate such employment in
order to become an employee, consultant or independent contractor to or for any
employer other than the Company or such affiliate.

     

    8.         Noncompetition.  Executive agrees
that while employed by the Company and during the 24 months after the
Termination Date, he will not, without the prior consent of the Company,
directly or indirectly, have an interest in, be employed by, be connected with,
or have an interest in (as an employee (whether full-time, part-time or
temporary), consultant, officer, director, partner, stockholder, joint venturer,
promoter or lender), any person or entity owning, managing, controlling,
operating or otherwise participating or assisting in any business that is either
(i) similar to the Business (or any portion thereof) and would benefit from
the disclosure of the Company’s trade secrets or (ii) in competition with
the Business (or any portion thereof) in any of the 50 states in the United
States of America; provided, however, that the foregoing shall not prevent
Executive from being a stockholder of less than 1% of the issued and outstanding
securities of any class of a corporation listed on a national securities
exchange or designated as national market system securities on an interdealer
quotation system by the National Association of Securities Dealers,
Inc.  Without limiting the generality of the foregoing, a business
will be deemed to be in competition with the Business at a given point in time
if any of the customers of such business were customers of the Business at any
time during the 18 months preceding the time in question.  As
used herein, “Business” means any and all of the businesses in which the Company
is engaged as of the Termination Date.

     

    9.         Remedies.  Executive
acknowledges that a breach or threatened breach by Executive of any the
provisions of Sections 6, 7 or 8 will result in the Business and the
Company and its affiliates suffering irreparable harm that cannot be calculated
or fully or adequately compensated by recovery of damages
alone.  Accordingly, Executive agrees that the Company shall be
entitled to interim, interlocutory and permanent injunctive relief, specific
performance and other equitable remedies, in addition to any other relief to
which the Company may become entitled should there be such a breach or
threatened breach.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    10.       Excise
Tax Gross-Up Payment.  If Executive’s
employment is terminated by the Company without Cause after a Change in Control
and Executive becomes subject to the excise tax imposed by Internal Revenue Code
(“Code”) Section 4999 (the “Parachute Excise Tax”) with respect to any amounts
paid or payable to Executive under this Agreement, then the Company and
Executive agree that:

     

     (a)    If the
aggregate of all “parachute payments” (as such term is used under Code Section
280G) exceeds 300% of the “base amount” (as such term is used under Code Section
280G), then the Company shall pay to Executive a tax gross-up payment so that
after payment by or on behalf of Executive of all federal, state and local
excise, income, employment, Medicare and any other taxes (including any related
penalties and interest) resulting from the payment of the parachute payments and
the tax gross-up payments to Executive by the Company, Executive retains on an
after-tax basis an amount equal to the amount that Executive would have retained
if Executive had not been subject to the Parachute Excise Tax; provided,
however, that the Company’s maximum tax gross-up payment under this
Section 10 shall not exceed $5,000,000.

     

     (b)       The
computation of the excess parachute payment in accordance with Code Section 280G
shall be done by a nationally recognized and reputable independent accounting or
valuation firm selected and paid for by the Company.

     

    (c)        Executive
shall notify the Company in writing of any claim by the Internal Revenue Service
that, if successful, would require the payment by the Company of any tax
gross-up payments.  Such notification shall be given as soon as
practicable but no later than ten business days after Executive is informed in
writing of such claim and shall apprise the Company of the nature of such claim
and the date on which such claim is requested to be paid.  Executive
shall not pay such claim prior to the expiration of the 30-day period following
the date on which Executive gives such notice to the Company (or such shorter
period ending on the date that any payment of taxes with respect to such claim
is due).  If the Company notifies Executive in writing prior to the
expiration of such period that it desires to contest such claim, Executive
shall:

     

    (i)         give
the Company any information reasonably requested by the Company relating to such
claim,

     

    (ii)        take
such action in connection with contesting such claim as the Company shall
reasonably request in writing from time to time, including, without limitation,
accepting legal representation with respect to such claim by an attorney
reasonably selected by the Company,

     

    (iii)       cooperate
with the Company in good faith in order effectively to contest such claim,
and

     

    (iv)       permit
the Company to participate in any proceedings relating to such
claim;

     

    provided,
however, that the Company shall bear and pay directly all costs and expenses
(including additional interest and penalties) incurred in connection with such
contest and shall indemnify and hold Executive harmless, on an after-tax basis,
for any excise tax or income tax (including interest and penalties with respect
thereto) imposed as a result of such representation and payment of costs and
expenses.  Without limitation on the foregoing provisions of this
Section 10, the Company shall control all proceedings taken in connection

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    with such
contest and, at its sole option, may pursue or forego any and all administrative
appeals, proceedings, hearings and conferences with the taxing authority in
respect of such claim and may, at its sole option, either direct Executive to
pay the tax claimed and sue for a refund or contest the claim in any permissible
manner, and Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or
more appellate courts, as the Company shall determine; provided, however, that
if the Company directs Executive to pay such claim and sue for a refund, the
Company shall advance the amount of such payment to Executive, on an
interest-free basis and shall indemnify and hold Executive harmless, on an
after-tax basis, from any excise tax or income tax (including interest or
penalties with respect thereto) imposed with respect to such advance or with
respect to any imputed income with respect to such advance; and further provided
that any extension of the statute of limitations relating to payment of taxes
for the taxable year of Executive with respect to which such contested amount is
claimed to be due is limited solely to such contested
amount.  Furthermore, the Company’s control of the contest shall be
limited to issues with respect to which a gross-up payment would be payable
hereunder and Executive shall be entitled to settle or contest, as the case may
be, any other issue raised by the Internal Revenue Service or any other taxing
authority.

     

    (d)        If,
after the receipt by Executive of an amount advanced by the Company pursuant to
this Section 10, Executive becomes entitled to receive any refund with respect
to such claim, Executive shall (subject to the Company’s complying with the
requirements of this Section 10) promptly pay to the Company the amount of such
refund (together with any interest paid or credited thereon after taxes
applicable thereto).  If, after the receipt by Executive of an amount
advanced by the Company pursuant to this Section 10, a determination is made
that Executive shall not be entitled to any refund with respect to such claim
and the Company does not notify Executive in writing of its intent to contest
such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to
be repaid and the amount of such advance shall offset, to the extent thereof,
the amount of gross-up payment required to be paid.

     

    11.         Code
Section 409A.  Notwithstanding
anything in this Agreement or elsewhere to the contrary:

     

    (a)         If
payment or provision of any amount or other benefit that is “deferred
compensation” subject to Section 409A of the Code at the time otherwise
specified in this Agreement or elsewhere would subject such amount or benefit to
additional tax pursuant to Section 409A(a)(1)(B) of the Code, and if payment or
provision thereof at a later date would avoid any such additional tax, then the
payment or provision thereof shall be postponed to the earliest date on which
such amount or benefit can be paid or provided without incurring any such
additional tax.  In the event this Section 11 requires a deferral of
any payment, such payment shall be accumulated and paid in a single lump sum on
such earliest date without interest.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    (b)        If
any payment or benefit permitted or required under this Agreement, or otherwise,
is reasonably determined by either party to be subject for any reason to a
material risk of additional tax pursuant to Section 409A(a)(1)(B) of the Code,
including when final regulations are issued thereunder, then the parties shall
negotiate in good faith on appropriate provisions to avoid such risk without
materially changing the economic value of this Agreement to either
party.

     

    12.         Miscellaneous.

     

    (a)         Notices.  Any
notices provided hereunder must be in writing and shall be deemed effective upon
the earlier of (i) personal delivery (including personal delivery by
telecopy, if a copy is sent by mail or overnight delivery), (ii) the
business day following being sent through an overnight delivery service, or
(iii) the third business day after mailing by first class mail to the
recipient at the address indicated below:

     

    To the
Company:

     

    ATC
Technology Corporation

    1400 Opus
Place, Suite 600

    Downers
Grove, IL 60515

    Attention: 
General Counsel

    Facsimile:  
(630) 663-8221

     

    To
Executive:

     

    Donald T.
Johnson Jr.

    3643
White Eagle Drive

    Naperville,
IL 60564

     

    With a
copy to

     

    Jeffrey
B. Rock

    Hasselberg,
Rock, Bell & Kuppler LLP

    4600
Brandywine Drive, Suite 200

    Peoria,
IL 61614-5591

    Facsimile: 
(309) 688-9430

     

    or to
such other address or to the attention of such other person as the recipient
party will have specified by prior written notice to the sending
party.

     

    (b)        Severability.  The
provisions of this Agreement are severable and, if any court of competent
jurisdiction determines that any provision contained in this Agreement shall,
for any reason, be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provision
of this Agreement, and this Agreement shall be reformed and construed so that
such invalid or illegal or unenforceable provision would be valid, legal and
enforceable to the maximum extent possible.

     

    (c)         Entire
Agreement.  This Agreement constitutes the full and complete
understanding and agreement of the parties with respect to the subject matter
hereof and supersedes all prior and contemporaneous oral and written
understandings and agreements with respect to the subject matter hereof,
including, without limitation, that certain Amended and
Restated Executive Employment Agreement dated as of February 8, 2008
between Executive and ATC, which shall be of no further force and effect as of
the date of this Agreement.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    (d)        Counterparts.  This
Agreement may be executed on separate counterparts, any one of which need not
contain signatures of more than one party, but all of which taken together will
constitute one and the same agreement.

     

    (e)         Successors and
Assigns.  This Agreement is intended to bind and inure to the
benefit of and be enforceable by Executive and the Company, and their respective
successors and assigns, except that Executive may not delegate any of his duties
hereunder and he may not assign any of his rights hereunder without the prior
written consent of the Company.

     

    (f)         Attorney's
Fees.  If any legal proceeding is necessary to enforce or
interpret the terms of this Agreement, or to recover damages for breach
therefore, the prevailing party shall be entitled to reasonable attorney's fees,
as well as costs and disbursements, in addition to any other relief to which he
or it may be entitled.

     

    (g)        Amendments; No
Waivers.  Any provision of this Agreement may be amended or
waived if such amendment or waiver is in writing and signed, in the case of an
amendment, by all parties hereto, and in the case of a waiver, by the party
against whom the waiver is to be effective.  No waiver by a party of
any breach of this Agreement shall be deemed to extend to any prior or
subsequent breach or affect in any way any rights arising by virtue of any prior
or subsequent breach.  No failure or delay by a party in exercising
any right, power or privilege hereunder shall operate as a waiver thereof nor
shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or
privilege.  The rights and remedies herein provided shall be
cumulative and not exclusive of any rights or remedies provided by
law.

     

    (h)        Governing Law and
Venue.  This Agreement shall be governed by and construed and
enforced in accordance with the internal laws (without reference to choice or
conflict of laws) of the State of Illinois.  The parties to this
Agreement hereby irrevocably consent to the exclusive venue and jurisdiction of
the state and federal courts sitting in the State of Illinois for any matter or
controversy concerning either the existence or enforcement of this Agreement and
hereby waive any contention that Illinois is an improper or inconvenient
forum.

     

    (i)         Construction.  The
captions herein are included for convenience of reference only and shall be
ignored in the construction or interpretation hereof.  Neither party
hereto, nor its respective counsel, shall be deemed the drafter of this
Agreement, and all provisions of this Agreement shall be construed in accordance
with their fair meaning, and not strictly for or against either party
hereto.

     

    [signature
page follows]

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties have executed this Amended and Restated Agreement
effective as of the date first above written.

     

     

    
      
        
          
            
              
                
                  	 	
                           

                           

                        
	
                           

                        	
                          /s/
      Donald T. Johnson, Jr.

                        
	
                        	
                          Donald
      T. Johnson
Jr.

                        

                

              

            

          

        

      

    

     

    
      
        
          	 	ATC
      TECHNOLOGY CORPORATION
	 	
                   

                   

                	 
	
                   

                	
                  By:
      

                	
                  /s/ Joseph
      Salamunovich

                
	 	 	
                  Joseph
      Salamunovich

                
	 	 	
                  Vice
      President 

                
	 	 	 

        

      

    

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    GENERAL
RELEASE

     

    THIS
GENERAL RELEASE is entered into by the undersigned (“Employee”) as of the date
appearing next to Employee’s signature hereto.

     

    WHEREAS,
Employee’s employment with ATC Technology Corporation and/or one of its
subsidiaries (ATC and its subsidiaries being referred to collectively as the
“Company”) is being terminated and the Company will provide Employee with
certain benefits upon the termination of employment provided that, among other
things, Employee executes and delivers this General Release;

     

    NOW,
THEREFORE, Employee agrees as follows:

     

    1.           General
Release.  Employee
hereby

     

    (a)           releases
and discharges the Company and its officers, directors, employees, benefit plan
administrators and trustees, and agents (collectively, the “Released Parties”)
from any and all claims, liabilities, demands and causes of action, whether
known or unknown, fixed or contingent, that Employee may have or claim to have
against any of the Released Parties relating to, or arising out of, Employee’s
employment with the Company or the termination thereof, and

     

    (b)           covenants
not to initiate or participate in (except pursuant to a lawful subpoena) any
lawsuit or other legal proceeding asserting any such claims, liabilities,
demands or causes of action.

     

    This
General Release shall be broadly construed to include, but not be limited to,
all claims under any federal, state, or local laws, statutes, regulations, or
ordinances (including those prohibiting employment discrimination, such as the
federal Age Discrimination in Employment Act), and all claims in contract or
tort including, but not limited to, claims for breach of contract, negligence,
defamation, and wrongful or retaliatory discharge.  This General
Release does not include any claim Employee may have (i) based upon facts
occurring after the date that Employee executes this General Release or (ii)
relating to benefits or payments to which Employee is entitled after the
Termination Date (as defined in that certain Executive Employment Agreement
dated as of January 1, 2009 between Employee and the Company) pursuant to
the Executive Employment Agreement.

     

    2.           Knowing
and Voluntary.  Employee
acknowledges and agrees that: (a) Employee has read and understands this
General Release in its entirety; (b) Employee has been advised in writing
to consult with an attorney concerning this General Release before signing it;
(c) Employee has 21 calendar days after receipt of this General
Release to consider its terms before signing it; (d) Employee has the right
to revoke this General Release in full within seven calendar days of signing it
and that none of the terms and provisions of this General Release shall become
effective or be enforceable until such revocation period has expired;
(e) nothing contained in this General Release waives any claim that may
arise after the date of its execution; and (f) Employee is executing this
General Release knowingly and voluntarily, without duress or reservation of any
kind, and after giving the matter full and careful consideration.

     

    IN
WITNESS WHEREOF, the undersigned has executed this General Release as of the
date set forth below.

    

    
      	
              Executed: 
      __________________,  20___

               

            	
              EMPLOYEE:

               

               

            
	 
      	
              [NAME]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]