Document:

EXHIBIT
10.1

 

 

Overview — Executive & Managers Compensation
Philosophy

 

The
primary objective of Satcon’s compensation program is to attract, retain, and
motivate the best possible executive and management talent in pursuit of our
business strategy of being a leading global provider of utility scale
distributed power solutions for the renewable energy market.  The focus is to tie short and long-term
incentives to the achievement of measurable corporate and individual
performance objectives.   Our management
compensation structure not only aims to be competitive in our market sector,
but also to be fair relative to compensation paid to other professionals within
our organization. As we continually develop our compensation approach, we aim
to implement an approach that rewards our managers when we achieve our target
goals and objectives.  As our business
evolves, we seek to foster a performance-oriented culture, where individual
performance is aligned with organizational objectives.  Managers will be evaluated and rewarded based
on their organizational contributions to the achievement of short and longer
term objectives; their openness to challenging and improving current policies
and structures; their willingness to foster a highly creative team-oriented environment;
and their ability to take advantage of unique business opportunities and
overcome difficult challenges within the emerging renewable energy and
distributed power business sectors.

 

An important component of Satcon’s
management total compensation program is an annual cash Incentive Plan that
ties a significant portion of management’s overall compensation to the
achievement of short term annual objectives.

 

 SATCON 2009 INCENTIVE
PLAN

FOR MANAGEMENT

 

Section 1:
Purpose

 

The Satcon 2009 Incentive Plan (the “Plan”) is designed to:

 

·                  Attract and retain highly qualified
executives and other personnel by providing competitive annual incentive
opportunities.

 

·                  Provide performance-leveraged incentives that
motivate and reward superior managerial performance and the profitable growth
of Satcon Technology Corporation (the “Company”).

 

·                  Support a performance oriented environment
that differentiates individual rewards based on performance and results.

 

Section 2:
Definition of Terms

 

a)                                      Board means the Board of Directors of the Company.

 

b)                                     Committee means the Compensation Committee of the
Board.

 

1

 

c)                                      Participants shall be the persons eligible to participate
in the Plan, consisting of the Corporation’s “Executive Officers” (as defined
under Rule 3b-7 under the Securities Exchange Act of 1934, as amended) and
other named participants, as determined by the Committee from time to
time.  As of the effective date of the
Plan, the Participants are (i) the President & Chief Executive
Officer; (ii) the Chief Financial Officer; (iii) the Vice President
of Engineering & Chief Technology Officer; (iv) the Vice
President, Administration & Secretary; (v) the Vice President of
Sales & Marketing; (vi) the Vice President Operations, (vii) those
individuals who directly report to the Executive Officers at the Director
Level, (viii) those individuals who manager a group or function (Manager
Level) who report to the Executive Officer or Director, and (ix) Satcon
Fellows.

 

Section 3:
Plan Administration

 

The Committee shall have sole and
complete discretion to administer and interpret the Plan with respect to the
Participants.  The decisions of the
Committee concerning administration and interpretation of the Plan shall be
final and binding. The Plan shall continue in its current form until and unless
action is taken by the Board to modify or terminate the Plan.

 

Section 4:
Plan Year

 

The Plan performance year shall be
the Company’s fiscal year (January 1 — December 31, 2009). After the
end of the fiscal year, cash incentive payments earned under the Plan shall be
determined and approved by the Committee in accordance with the provisions of
the Plan.

 

Section 5:
Performance Targets and Measurement

 

The Plan, which has been approved by the Committee and the Board,
outlines general performance goals and business criteria upon which each
Participant’s performance will be evaluated. 
Specific performance goals and business criteria will be subsequently
approved by the Committee.  Performance will
be measured against these specific performance goals and business criteria,
which will be established for each functional area of the organization.  Generally, (i) for the President &
CEO, performance will be evaluated based on overall corporate objectives and (ii) for
all other Participants, performance will be evaluated based on relevant
operations, sales & marketing, engineering, finance and administration
objectives.

 

General 2009 objectives are summarized as follows:

 

President & CEO — Corporate:  Overall corporate objectives will include
objectives related to the Company’s focus and market position, growth,
product/service quality, profitability, financial condition, business
practices, and establishment of prudent governance practices.

 

Operations: 
Operations objectives will include objectives related to business
operating models, manufacturing and plant capacity, customer performance and
long-term strategies.

 

Sales & Marketing:  Sales & marketing objectives will
include objectives related to direct sales team
organization, sales methodology, forecast methodology and customer relationship
management systems, global business development and channels organization,
branding initiatives and field services organization.

 

Engineering: 
Engineering objectives will include objectives related to product
quality, design processes 

 

2

 

and new products.

 

Finance: 
Finance objectives will include objectives related to management information, information systems,
planning processes, financial operating models and control environment.

 

Administration: 
Administration objectives will include objectives related to
compensation strategy, performance management systems, annual cash incentive
programs, rewards programs, training, staffing, internet access, domain
upgrades and help desk administration.

 

Section 6: 
2009 Potential Incentive Award Opportunity

 

·                  President & CEO:

·                  Up to 60% of Base Salary upon attainment of
100% of Corporate target objectives

 

·                  Other Executive Officers:

·                  Up to 30% of Base Salary in total - half of
which is based upon attainment of 100% of personal target objectives and half
of which is based upon attainment of 100% of Corporate target objectives.

·                  If the company achieves target financial objectives,
the board has the discretion to grant additional cash bonuses to compensate for
no base salary adjustment at the beginning of 2009 (Chief Technology Officer:
up to 10%, VP Administration: up to 6.7%).

 

·                  Other (Director Level and Manager Level)
Participants:

·                  Up to 20% of Base Salary in total for
Director Level participants (including Satcon Fellows) - half of which is based
upon attainment of 100% of personal target objectives and half of which is
based upon attainment of 100% of Corporate target objectives

·                  If the company achieves target financial
objectives, the board has the discretion to grant additional cash bonuses to
compensate for no base salary adjustment at the beginning of 2009.

·                  Up to 10% of Base Salary in total for Manager
Level participants - half of which is based upon attainment of 100% of personal
target objectives and half of which is based upon attainment of 100% of
Corporate target objectives

 

Section 7:
Earning an Award

 

The
President & CEO annually reviews other Participant’s performance with
the Committee and makes recommendations to the Committee with respect to the
appropriate payments to be made under the Plan. 
Based in part on the CEO’s recommendations and other considerations, the
Committee approves the incentive payments (other than the CEO).  The Compensation Committee independently
evaluates the performance of the CEO and determines and approves the incentive
payment earned for the given performance period.

 

Section 8:
Final Approval

 

After determining and approving incentive payments under the Plan, as
discussed in Section 7 above, the Committee will then recommend to the
Board payments to be made under the Plan. The Board must approve payments made
under the Plan.  Final determination of
any and all employee compensation will be based on the sole discretion of the
Compensation Committee with Board of Director approval. Any payments under the
Plan shall be paid by March 15, 2010.

 

3

 

Section 9:
Other Provisions

 

(a)                                  Earning a Payment Under the Plan. 
Payments under the Plan shall not be earned until they are approved by
the Board in accordance with Section 8 above. In addition, payments under
the Plan shall not be earned if, on the final date of the fiscal year, the Participant
is not in compliance with either his or her employment agreement (if any) or
the non-disclosure agreement.  A
Participant is entitled to payment under the Plan, if earned (which requires
approval of the Board), if the Participant is employed on the last day of the
fiscal year, subject to the prior sentence and Sections 9(e) and 9(f) below.

 

(b)                                 Plan Amendment.  The Board may, at any time and from time to time, amend, alter,
suspend, discontinue or terminate the Plan, as it deems necessary or appropriate
to achieve the purposes of the Plan or for other business reasons.

 

(c)                                  No Right to Employment.  The existence of this Plan shall not be construed as giving a
Participant the right to continued employment or any future right to
participate in the Plan.

 

(d)                                 Other Corporate Benefit and
Compensation Programs.  Participation in this Plan shall not be
deemed as part of a Participant’s regular, recurring compensation for purposes
of calculating payments or benefits from any Company benefit or severance program
(or severance pay law of any country) unless otherwise specified in the
particular benefit plan or benefit plan documents.

 

(e)                                  Retirement, Disability or
Death.  In the event a Participant would otherwise
earn an incentive award pursuant to this Plan, but the Participant does not
qualify because of the Participant’s death, disability or retirement, then the
Participant shall be deemed to have “earned” his or her award, subject to the
approval by the Board.  The term “disability”
shall have the meaning ascribed to such term in the employment agreement
between the Participant and the Company (or, in the event that the Participant
does not have any employment agreement with the Company, shall mean “the
inability to perform services for the Company for an aggregate of 90 days
during any 365-day period”). The Committee shall interpret the term “retirement”.

 

(f)                                    Employment for a Portion of
a Plan Year.  The CEO may recommend and the Committee, at
its sole discretion, may permit a Participant to participate in the Plan during
a fiscal year in which the Participant was not employed by the Company for the
full fiscal year. Such participation may be on a pro rata basis or on such
other basis as the Committee determines.

 

(g)                                 Unfunded Plan.  The Plan shall be unfunded and shall not create (or be construed to
create) a trust or separate fund(s). Likewise, the Plan shall not establish any
fiduciary relationship between the Company and any other Participant or other
person. To the extent that any person holds any rights by virtue being a
Participant under the Plan, such right shall be no greater than the right of an
unsecured general creditor of the Company.

 

(h)                                 Successors and
Assignees.  The Plan shall be binding on all successors
and assignees of a Participant, including, without limitation, the estate of
such Participant and the executor, administrator or trustee of such estate, or
any receiver or trustee in bankruptcy or representative of the Participant’s
creditors.

 

(i)                                     Governing Law.  The validity, construction and effect to the Plan and any actions taken
under the Plan shall be determined in accordance with applicable laws of the
State of Delaware.

 

4Exhibit 4.3

 

 

THE
COCA-COLA COMPANY

 

AND

 

DEUTSCHE
BANK TRUST COMPANY AMERICAS,

as
successor to BANKERS TRUST COMPANY

 

TRUSTEE

 

 

SECOND
SUPPLEMENTAL INDENTURE

 

Dated
as of November 1, 2007

 

 

DEBT
SECURITIES

 

Supplemental
to Amended and Restated Indenture

Dated as of April 26, 1988, as amended by the First Supplemental
Indenture, dated as of 

February 24, 1992

 

 

 

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as
of November 1, 2007, between THE COCA-COLA COMPANY, a Delaware corporation,
having its principal office at One Coca-Cola Plaza, N.W., Atlanta, Georgia
30313 (hereinafter called the “Company”), and DEUTSCHE BANK TRUST COMPANY
AMERICAS, as successor to BANKERS TRUST COMPANY, a New York banking
corporation, as Trustee under the Original Indenture mentioned below
(hereinafter called the “Trustee”).

 

RECITALS

 

WHEREAS, the Company and the Trustee have heretofore entered into an
Amended and Restated Indenture dated as of April 26, 1988, as amended by
the First Supplemental Indenture dated as of February 24, 1992
(hereinafter called the “Original Indenture”), to provide, among other things,
for the issuance from time to time of Securities, unlimited as to principal
amount, all as provided in the Original Indenture;

 

WHEREAS, Section 10.01 of the Original Indenture provides that,
without the consent of the Holders of any of the Securities currently
outstanding, the Company, when authorized by a Board Resolution, and the
Trustee may enter into one or more indentures supplemental to the Original
Indenture for the purpose of, among other things, changing or eliminating any
of the provisions of the Original Indenture, provide that any such change or
elimination shall become effective only when there is no Security of any Series created
prior to the execution of such supplemental indenture then outstanding which is
entitled to the benefit of such provision;

 

WHEREAS, the Company desires to modify a provision of the Original
Indenture in accordance with Section 10.01;

 

WHEREAS, the entry into this Supplemental Indenture by the parties
hereto is in all respects authorized by the provisions of the Original
Indenture; and

 

WHEREAS, all acts and proceedings required by law, by the Original
Indenture and by the Certificate of Incorporation and By-laws of the Company
necessary to constitute this Supplemental Indenture a valid and binding
agreement of the Company for the uses and purposes herein set forth, in
accordance with its terms, have been done and taken, and the execution and
delivery of this Supplemental Indenture have been in all respects duly
authorized.

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

 

For and in consideration of the premises and the purchase of Securities
by the Holders thereof, it is mutually covenanted and agreed, as follows:

 

2

 

ARTICLE
I

DEFINITIONS

 

Section 1.01                                Definitions.  For all purposes of this Supplemental
Indenture, except as otherwise herein expressly provided or unless the context
otherwise requires:

 

(1)                                  terms used herein in capitalized form and defined in the
Original Indenture shall have the meanings specified in the Original Indenture;

 

(2)                                  the words “herein,” “hereof” and “hereunder” and other words
of similar import used in this Supplemental Indenture refer to this
Supplemental Indenture as a whole and not to any particular Article, Section or
other subdivision; and

 

(3)                                  the term defined in the first paragraph of the Recitals
herein shall have the meaning specified therein.

 

ARTICLE
II

MODIFICATION

 

Section 2.01                                Amendment
to Section 6.04 of the Original Indenture.  Clause (1) of Section 6.04 is
hereby amended to read in full as follows:

 

(1)                                  file with the
Trustee, within 15 days after it files the same with the Commission, copies of
the annual reports and of the information, documents and other reports (or
copies of such portions of any of the foregoing as the Commission may from time
to time by rules and regulations prescribe) which the Company may be
required to file with the Commission pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934; or, if the Company is not required to file
information, documents or reports pursuant to either of said Sections, then it
shall file with the Trustee and the Commission in accordance with rules and
regulations prescribed from time to time by the Commission, such of the
supplementary and periodic information, documents and reports which may be
required pursuant to Section 13 of the Securities Exchange Act of 1934 in
respect of a security listed and registered on a national securities exchange
as may be prescribed from time to time in such rules and regulations;

 

3

 

ARTICLE
III

MISCELLANEOUS PROVISIONS

 

Section 3.01                                Representations,
Warranties, Covenants and Agreements of the Company. The Company
makes and reaffirms as of the date of execution of this Supplemental Indenture
all of its representations, warranties, covenants and agreements set forth in
the Original Indenture.

 

Section 3.02                                Trustee
Not Responsible for Recitals.  The recitals contained herein shall be taken
as the statements of the Company, and the Trustee assumes no responsibility for
their correctness, except for the recital indicating the Trustee’s approval of
the form of this Supplemental Indenture. The Trustee makes no representation as
to the validity or sufficiency of this Supplemental Indenture.

 

Section 3.03                                Effect
of Amendment.  On the date
hereof, the Original Indenture shall be supplemented and amended in accordance herewith,
and this Second Supplemental Indenture shall form a part of the Original
Indenture for all purposes, and the Holder of every security hereafter
authenticated and delivered under the Indenture shall be bound thereby.  The Trustee accepts the trusts created by the
Indenture, as amended and supplemented by this Second Supplemental Indenture,
and agrees to perform the same upon the terms and conditions of the Original
Indenture, as amended and supplemented by this Second Supplemental Indenture.

 

Section 3.04                                Effect
of Headings.  The Article and
Section headings herein are for convenience only and shall not affect the
construction hereof.

 

Section 3.05                                Successors
and Assigns.  All
covenants, stipulations, promises and agreements in this Supplemental Indenture
by or on behalf of the Company shall bind and inure to the benefit of its
successors and assigns, whether so expressed or not.

 

Section 3.06                                Separability
Clause.  In case any
provision in this Supplemental Indenture shall be invalid, illegal or unenforceable,
the validity, legality, and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby.

 

Section 3.07                                Benefits
of Indenture.  Nothing in
this Supplemental Indenture, express or implied, shall give to any Person,
other than the parties hereto, any Paying Agent, any Authenticating Agent, any
Securities Registrar and their successors under the Indenture and the Holders
of Securities, any benefit or any legal or equitable right, remedy or claim
under the Indenture.

 

Section 3.08                                Governing
Law.  This Supplemental Indenture
shall be deemed to be a contract made under the laws of the State of New York,
and for all purposes shall be construed in accordance with the laws of said
State.

 

4

 

*       *       *      
*

 

This Supplemental Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.

 

5

 

IN WITNESS WHEREOF, THE COCA-COLA COMPANY, party of the
first part, has caused this Second Supplemental Indenture to be duly executed
and its corporate seal to be hereunto affixed, and the same to be attested; and
DEUTSCHE BANK TRUST COMPANY AMERICAS (as successor
to BANKERS TRUST COMPANY), party of the second part, has caused this
Second Supplemental Indenture to be duly executed and its corporate seal to be
hereunto affixed, and the same to be attested, all as of the day and year
written above.

 

	
   

  	
  THE
  COCA-COLA COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steve M. Whaley

  
	
   

  	
  Steve M. Whaley

  
	
   

  	
  Vice President and Assistant Treasurer

  
	
   

  	
   

  
	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY AMERICAS (AS SUCCESSOR TO BANKERS TRUST COMPANY)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Wanda Camacho

  
	
   

  	
   

  	
  Wanda Camacho

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Carol Ng

  
	
   

  	
   

  	
  Carol Ng

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  

 

6

 

	
  STATE
  OF GEORGIA

  	
  )

  	
   

  
	
   

  	
  )

  	
  SS.:

  
	
  COUNTY
  OF FULTON

  	
  )

  	
   

  

 

 

On this 1st day of November, 2007 before me personally came Steve M.
Whaley, to me known, who, being by me duly sworn, did depose and say that he
resides at Atlanta, Georgia; that he is Vice President and Assistant Treasurer of
THE COCA-COLA COMPANY, one of the corporations described in and which executed
the foregoing instrument; that he knows the corporate seal of said corporation;
that one of the seals affixed to the said instrument is such corporate seal;
that it was so affixed by authority of the Board of Directors of said
corporation, and that he signed his name thereto by like authority.

 

	
   

  	
   

  	
  /s/
  Mona L Spencer

  
	
   

  	
   

  	
  Notary
  Public

  
	
  [NOTARIAL SEAL]

  	
   

  	
  MONA
  L. SPENCER

  
	
   

  	
   

  	
  Notary
  Public, Dekalb County, Georgia

  
	
   

  	
   

  	
  My
  Commission Expires May 27, 2008

  

 

 

 

 

	
  STATE
  OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  )

  	
  SS.:

  
	
  COUNTY
  OF NEW YORK

  	
  )

  	
   

  

 

 

On the 1st of November, 2007 before me personally came Wanda Camacho,
to me, known, who, being by me duly sworn, did depose and say that she resides
at 60 Wall Street, New York, New York 10005; that she is Vice President of
DEUTSCHE BANK TRUST COMPANY AMERICAS, one of the corporations described in and
which executed the foregoing instrument; that he knows the corporate seal of
said corporation; that one of the seals affixed to the said instrument is such
corporate seal; that it was so affixed by authority of the Board of Directors of
said corporation, and that he signed his name thereto by like authority.

 

	
   

  	
   

  	
  /s/ Annie Jaghatspanyan

  
	
   

  	
   

  	
  Notary
  Public

  
	
  [NOTARIAL
  SEAL]

  	
   

  	
  ANNIE
  JAGHATSPANYAN

  
	
   

  	
   

  	
  Notary
  Public, State of New York

  
	
   

  	
   

  	
  No.
  01JA6062022

  
	
   

  	
   

  	
  Qualified
  in New York County

  
	
   

  	
   

  	
  Commission
  Expires September 23, 2009

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

	
  STATE
  OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  )

  	
  SS.:

  
	
  COUNTY
  OF NEW YORK

  	
  )

  	
   

  

 

 

On the 1st of November, 2007 before me personally came Carol Ng, to me,
known, who, being by me duly sworn, did depose and say that she resides at 60 Wall
Street, New York, New York 10005; that she is Vice President of DEUTSCHE BANK
TRUST COMPANY AMERICAS, one of the corporations described in and which executed
the foregoing instrument; that he knows the corporate seal of said corporation;
that one of the seals affixed to the said instrument is such corporate seal;
that it was so affixed by authority of the Board of Directors of said
corporation, and that he signed his name thereto by like authority.

 

	
   

  	
   

  	
  /s/ Annie Jaghatspanyan

  
	
   

  	
   

  	
  Notary
  Public

  
	
  [NOTARIAL
  SEAL]

  	
   

  	
  ANNIE
  JAGHATSPANYAN

  
	
   

  	
   

  	
  Notary
  Public, State of New York

  
	
   

  	
   

  	
  No.
  01JA6062022

  
	
   

  	
   

  	
  Qualified
  in New York County

  
	
   

  	
   

  	
  Commission
  Expires September 23, 2009

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]