Document:

exh_109.htm

Exhibit 10.9

 

2013 SALES INCENTIVE PLAN

 

Irv Alpert

 

 

There are three components to this plan:

 

Monthly Enterprise Bonus

 

A bonus can be earned each month for achievement against the enterprise bookings plan.  The bonus is calculated as follows:

 

1.           Bonus is based on total enterprise bookings, acquisition and retention, against plan.

 

2.           Minimum commission is earned when 85% of the total monthly bookings plan is achieved.

 

3.           Target bonus is earned when 100% of the total monthly bookings plan is achieved.

 

4.           The bonus earned between 85% and 100% plan achievement is prorated between the minimum and target bonus.

 

5.           An additional 10% bonus is earned for each dollar over the total monthly bookings plan.

 

Annual Channel Retention Bonus

 

If the current book of business in Channel sales at December 31, 2013 is at minimum the contract value as of January 1, 2013, a retention bonus will be paid.  A monthly draw will be provided against this bonus throughout the year.  The draw may be suspended at any time during the year if the contract value falls 5% below the minimum target (or 95% of original contract value) at management’s discretion.  If a current customer is lost, the dollars can be recovered from growth from another current customer as of January 1, 2013.  2012 Channel book of business includes all royalties and fees paid on existing contracts in 2012.

 

Monthly Channel New Business Commission

 

A 10% commission is earned on all new channel business (new customers as of January 1, 2013) during the month the business is contracted.  Channel is defined as any content license to a third party or a franchise client.exh_1010.htm

Exhibit 10.10

 

 

	
Onvia, Inc.

Management Incentive Plan

	
Participants

	
Executive Officers of Onvia, Inc., other than Sales Executives

	
Objectives

	
· Achieve corporate performance that most reflect stockholder interests

· Drive and reward unified performance across executive team

· Focus on building trend for long-term, profitable growth

	
Key Achievement Metrics

	
Achievement of Board defined goals including without limitation Bookings, Net Income, EBITDA and cash flow.

	
Bonus Target

	
Between 22% - 80% of Base Salary for Participants

	
Overachievement

	
If the Company’s performance against the Key Achievement Metrics exceeds the target goals established by the Board, the Board has established accelerators to modify the Participants’ award levels.

	
Terms of Funding and Payment

	
· If the Company’s performance falls below the Key Achievement Metrics floor established by the Board, the bonus pool shall not be funded.

· Bonus pool to be funded and targets paid upon certification by the Compensation Committee of metrics achieved by the Company.exh_1030.htm

EXHIBIT 10.30

Date

Employee name

Employee address

Re: Amendment of your Outstanding Stock Options

 

Dear Employee name:

 

This letter serves as an amendment to your outstanding stock options granted by Flushing Financial Corporation (the “Company”) under its 2005 Omnibus Incentive Plan and/or its 1996 Stock Option Incentive Plan (referred to collectively as the “Plan”) which are identified on Schedule A to this letter.

 

1.  Net Share Exercise.  Net share exercise is another way for you to exercise your stock options.  Under this method, you may satisfy the option exercise price by delivering to the Company an option exercise notice that directs the Company to withhold a sufficient number of the shares acquired upon exercise to satisfy the aggregate option price and tax withholding obligation (if any) with respect to the shares as to which the Option is being exercised.  For purposes of this provision, the shares of Common Stock applied to satisfy the option price and withholding obligation shall be valued at the mean between the highest and lowest quoted selling price, regular way, of the Company’s common stock on the NASDAQ National Market (or the principal exchange or market determined by the Company to be the primary market for such stock) for the day before the date of exercise (or if no sale of common stock occurs on such date, the mean between the highest and lowest quoted selling price on the nearest trading date before such date).

 

2.  Income Tax Withholding.  If you exercise your stock options by payment of cash or payment of Common Stock, you may satisfy any applicable federal, state, and local withholding tax obligations with respect to your option exercise by either (i) making a cash payment to the Company of the required amount, or (ii) having the Company withhold from the Common Stock otherwise deliverable to you upon option exercise shares of Common Stock having a value equal to the amount of the withholding obligation.  Any election to have shares withheld must be made on or before the date you exercise your option.  Non-section 16 Officers or Directors may exercise options by using a broker-assisted cashless exercise (in which the aggregate option price is satisfied by a broker’s sale of the shares acquired upon exercise), where the broker will sell additional shares to satisfy any applicable tax withholding obligations.  If you exercise your option using net share exercise, the Company will withhold a sufficient number of shares to satisfy any applicable tax withholding obligations.  If shares of Common Stock are applied to satisfy tax withholding obligations, they shall be valued at the mean between the highest and lowest quoted selling price, regular way, of the Company’s common stock on the NASDAQ National Market (or the principal exchange or market determined by the Company to be the primary market for such stock) for the day before the date of exercise (or if no sale of common stock occurs on such date, the mean between the highest and lowest quoted selling price on the nearest trading date before such date).

 

Except as amended by this letter, the provisions of your stock option awards remain in effect.  In addition, this letter does not change any restrictions under the Company’s Insider Trading Policy that are applicable to you.  This letter constitutes an amendment to the formal terms and conditions of your stock options and accordingly should be retained in your files for future reference.

 

Contact Vice President/Human Resources with any questions.

 

 

	 	

Very truly yours,

 

 

 

/s/ JOHN R. BURAN

John R. Buran

President & CEOexh_1031.htm

EXHIBIT 10.31

Date

Director name

Director address

Re: Amendment of your Stock Options

 

Dear Director name:

 

This letter serves as an amendment to your outstanding stock options granted by Flushing Financial Corporation (the “Company”) under its 2005 Omnibus Incentive Plan and/or its 1996 Stock Option Incentive Plan (referred to collectively as the “Plan”) which are identified on Schedule A to this letter.

 

Net Share Exercise.  In addition to the ways you can exercise your stock options provided for in your original grant letters, you may exercise your options using Net Share Exercise.  Under this method, you may satisfy the option exercise price by delivering to the Company an option exercise notice that directs the Company to withhold a sufficient number of the shares acquired upon exercise to satisfy the aggregate option price and tax withholding obligation (if any) with respect to the shares as to which the Option is being exercised.  For purposes of this provision, the shares of Common Stock applied to satisfy the option price and withholding obligation shall be valued at the mean between the highest and lowest quoted selling price, regular way, of the Company’s common stock on the NASDAQ National Market (or the principal exchange or market determined by the Company to be the primary market for such stock) for the day before the date of exercise (or if no sale of common stock occurs on such date, the mean between the highest and lowest quoted selling price on the nearest trading date before such date).

 

Except as amended by this letter, the provisions of your stock option awards remain in effect.  In addition, this letter does not change any restrictions under the Company’s Insider Trading Policy that are applicable to you.  This letter constitutes an amendment to the formal terms and conditions of your stock options and accordingly should be retained in your files for future reference.

 

Contact Vice President/Human Resources with any questions.

 

 

 

	 	 
Very truly yours,

 

 

 

/s/ JOHN R. BURAN

John R. Buran

President & CEOexhibit_4-2.htm

Exhibit 4.2

STATE OF DELAWARE

 

CERTIFICATE OF CORRECTION

Oramed Pharmaceuticals Inc., a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware does hereby certify as follows:

 

	
1.

	
The name of the corporation is Oramed Pharmaceuticals Inc.

 

	
2.

	
That a Certificate of Amendment of the Certificate of Incorporation of Oramed Pharmaceuticals Inc. (the “Certificate of Amendment”) was filed by the Secretary of State of Delaware on January 15, 2013, and that the Certificate of Amendment requires correction as permitted by Section 103 of the General Corporation Law of the State of Delaware.

 

	
3.

	
The inaccuracy or defect of the Certificate of Amendment is under Section 2 thereof (defect is bolded and underlined):

 

“FOURTH:    The total number of shares of capital stock which the Corporation shall have authority to issue is sixteen million six hundred and sixty-six thousand six hundred and sixty-six (16,666,666) shares of Common Stock, at a par value of $0.012 per share.”

 

	
4.

	
Section 2 of the Certificate of Amendment is corrected to read as follows:

2.           The Certificate of Incorporation is hereby amended by changing the Article thereof numbered “FOURTH” so that, as amended, said Article shall be and read in its entirety as follows:

“FOURTH:    The total number of shares of capital stock which the Corporation shall have authority to issue is sixteen million six hundred and sixty-six thousand six hundred and sixty-seven (16,666,667) shares of Common Stock, at a par value of $0.012 per share.”

 

IN WITNESS WHEREOF, the Corporation has caused this Certificate of Correction to be signed this 8th day of February, 2013.

 

	 	 	 
By: /s/ Nadav Kidron

	 
	 	 	 
Name: Nadav Kidron

	 
	 	 	Title: President and CEO

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