Document:

2003 Director's Phantom Stock Agreement

 EXHIBIT 10.2 
  
 POGO PRODUCING COMPANY 
 2003 DIRECTOR’S PHANTOM STOCK AGREEMENT 
  
 This Director’s Phantom Stock Agreement (the “Agreement”) is entered into by and between Pogo Producing Company (the “Company”) and
             (the “Director”) as of
                             (the “Date of Grant”), pursuant to the terms and conditions set
forth in this Agreement. 
  
 1.    Grant of
Phantom Stock.    In lieu of the automatic annual grant of stock options to the Director under the Company’s 2002 Incentive Plan (the “Incentive Plan”), which would otherwise be made on June 2, 2003 (all rights
to or in respect of which the Director hereby relinquishes and waives), the Company hereby grants to the Director
                         hypothetical shares of the Company’s common stock, which shall be credited to a bookkeeping
account with the Company. Each such hypothetical share will be equal in value to one of the Company’s currently outstanding shares of common stock, par value $1.00 per share, (a “Share”). 
  
 2.    Term of Phantom
Award.    The term of this Award shall be one year. 
  
 3.    Vesting and Settlement.    This grant vests and becomes payable in full one year from the Date of Grant (the “Settlement Date”) or upon the
Director’s death, if earlier, if the Director remains a member of the Company’s Board of Directors at such time. Unless Shares are transferred to the Director in accordance with Paragraph 4, upon full vesting the Director shall be entitled
to a payment equal to the fair market value of                      Shares calculated as of the Settlement Date, determined for this purpose
in the same manner as “Fair Market Value” is determined in the Incentive Plan. Such payment shall be made solely in cash. Notwithstanding the foregoing, if at any time prior to the Settlement Date, the Company should cancel or settle its
obligations under the Incentive Plan as a result of a corporate transaction, the Director’s grant hereunder shall immediately vest and a cash payment shall be made to the Director in an amount to be determined as of that date in accordance with
the valuation procedures outlined in the Incentive Plan. 
  
 4.    Settlement in Shares.    If the Company’s shareholders approve, at a shareholders’ meeting in 2004, a new incentive plan which authorizes the settlement in Shares of Phantom
Stock awards granted pursuant to this Agreement, the Director shall receive, in lieu of the cash payment provided pursuant to Paragraph 3, unless such payment was previously made pursuant to the last sentence of Paragraph 3,
                     Shares on the Settlement Date. 
  

5.    Additional Cash Payment.    Coincident with and in addition to any cash payment made pursuant to
Paragraph 3, or a payment in Shares pursuant to 

 Paragraph 4, the Company shall make a supplemental cash payment to the Director in an amount equal to 100 percent of the
Fair Market Value of                  Shares on the Settlement Date. This payment is intended, in part, to assist the Director in satisfying the income tax
liability associated with the settlement. 
  
 6.    Dividends.    An amount equivalent to the value of any dividends paid on
                     Shares during the period beginning on the Date of Grant and ending on the Settlement Date of the Company’s
obligations hereunder shall be credited to the bookkeeping account maintained for the Director and paid in cash to the Director when the Company’s obligation under this Agreement is otherwise satisfied. 
  
 7.    Adjustments.    In the
event of any subdivision or consolidation of outstanding Shares or a declaration of a dividend payable in Shares, or a capital reorganization, reclassification or other transaction involving an increase or decrease in the number of outstanding
Shares, an appropriate adjustment, in the manner provided in Paragraph 14(b) of the Incentive Plan, shall be made to the grant or number of Shares subject to the grant under this Agreement. 
  
 8.    Assignability.    Neither the grant nor any other rights of the Director under this Agreement shall be assignable or otherwise transferable except by will or by the laws of descent and
distribution. 
  
 9.    Governing
Law.    This Agreement and all determinations made and actions taken pursuant hereto shall be governed by and construed in accordance with the laws of the State of Delaware. 
  
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed
by its officer thereunto duly authorized, and the Director has hereunto set his hand as of the day and year first above written. 
  

	POGO PRODUCING COMPANY
	
	By:                                      
                                        
                  
	Name:  
	Title:    
	
	DIRECTOR
	
	                                       
                                        
                         
  
 Date:                                     
                                        
               

  

 2Prepared by R.R. Donnelley Financial -- Consulting Agreement

 Exhibit 10.15 
  
  
 TURNSTONE SYSTEMS, INC. 
  
 Consulting Agreement 
  
 This Consulting Agreement (the “Agreement”) is made as of July 31,
2003 by and between Turnstone Systems, Inc., a Delaware corporation having its principal place of business at 2220 Central Expressway, Santa Clara California 95050 (the “Company”), and Carl Hubbard (the “Consultant”). 

 
 Recitals 
  
 1.    The Company desires to retain the Consultant as an
independent contractor to perform consulting services for the Company. 
  
 2.    The Consultant is willing to perform such services for the Company on the terms and subject to the conditions set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and the Consultant hereby agree as
follows: 
  
 1.    Function.    The Consultant will assist, consult, and advise the Company in respect of such tasks, projects, and responsibilities as shall be requested by the Company’s
Board of Directors and/or its officers, as set forth on Exhibit A attached hereto. 
  
 2.    Compensation.    As consideration for such assistance, consultation, and advice, the Company will pay the Consultant the compensation set forth on
Exhibit A attached hereto. In addition, the Company will reimburse the Consultant for reasonable out-of-pocket expenses incurred by Consultant in the execution of Consultant’s duties as set forth in Section 1 above, as set forth on
Exhibit A attached hereto, provided that the Consultant shall provide the Company documentation for such expenses in accordance with the Company’s established policies for expense reimbursement, and the Consultant shall have otherwise
complied with all such policies. 
  
 3.    Term.    Either Consultant or Company may terminate this Agreement at any time for any reason or no reason, with or without cause, by written notice. Termination shall not
relieve the Consultant of Consultant’s continuing obligations under this Agreement, including, without limitation, the requirements of Sections 4, 5, 6, or 7. 
  
 4.    Confidentiality. 
  
 (a)    “Confidential Information” means any
Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans, products, services, suppliers, supplier lists, customers, customer lists, markets, software, developments,
inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, or other business information disclosed by the Company, either directly or indirectly, in writing, orally, or by
drawings or inspection of parts or equipment. Confidential Information shall not include information which (i) is known to the Consultant at the time of disclosure to the Consultant by the Company as evidenced by the written records of the
Consultant, (ii) has become publicly known and made generally available through no wrongful act of the Consultant, or (iii) has been rightfully received by the Consultant from a third party who is authorized to make such disclosure. 

 (b)    The Consultant will not, during the term of this Agreement and thereafter, use
the Company’s Confidential Information for any purpose whatsoever other than the performance of services on behalf of the Company pursuant to Section 1 and will not disclose the Company’s Confidential Information to any third party, and it
is understood that said Confidential Information shall remain the sole property of the Company. Consultant further agrees to take all necessary precautions to prevent any unauthorized disclosure of Confidential Information including, but not limited
to, having each employee of Consultant, if any, with access to any Confidential Information, execute an agreement containing terms relating to Confidential Information and ownership of intellectual property substantially similar to those set forth
in this Agreement. 
  
 (c)    The Consultant
agrees that Consultant will not, during the term of this Agreement, improperly use or disclose any proprietary information or trade secrets of any third party with which has an agreement or duty to keep in confidence information acquired by
Consultant in confidence, and that Consultant will not bring onto the premises of the Company any unpublished document or proprietary information belonging to such third party unless consented to in writing by such third party. The Consultant will
indemnify the Company and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation or claimed violation of a
third party’s rights resulting in whole or in part from the Company’s use of the work product of the Consultant under this Agreement. 
  
 (d)    The Consultant recognizes that the Company has received and in the future will receive from third parties their confidential or
proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Consultant agrees that Consultant owes the Company and such third parties,
during the term of this Agreement and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out
services for the Company pursuant to Section 1 in a manner consistent with the Company’s agreement with such third party. 
  
 (e)    Upon the termination of this Agreement, or at any time upon the Company’s request, the Consultant will promptly deliver to
the Company all of the Company’s property or Confidential Information in tangible form that Consultant may have in Consultant’s possession or control. 
  

5.    Ownership. 
  
 (a)    The Consultant agrees that all copyrightable material, notes, records, drawings, designs, inventions, improvements,
developments, discoveries, and trade secrets (collectively, “Inventions”) conceived, made, or discovered by the Consultant, solely or in collaboration with others, during the term of this Agreement which relate in any manner to the
business of the Company that Consultant may be directed to undertake, investigate, or experiment with, in connection with the services to be performed by Consultant hereunder, are the sole property of the Company. Consultant further agrees to assign
(or cause to be assigned) and does hereby assign fully to the Company all such Inventions and any copyrightable patents, mask work rights, moral rights or other intellectual property rights relating thereto. This Agreement does not apply to
inventions covered by Section 2870 of the California Labor Code, a copy of which is attached hereto as Exhibit B, or to inventions which were made prior to the date of this Agreement. 

 (b)    The Consultant agrees to assist the Company, or its designee, at the
Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents, mask work rights, or other intellectual property rights relating thereto in any and all countries, including the
disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments, and all other instruments which the Company shall deem necessary or appropriate in order to
apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns, and nominees the sole and exclusive rights, title, and interest in and to such Inventions, and any copyrights, patents, mask work rights, or
other intellectual property rights relating thereto. The Consultant further agrees that Consultant’s obligation to execute or cause to be executed, when it is in Consultant’s power to do so, any such instrument or papers shall continue
after the termination of this Agreement. 
  
 6.    Conflicting Obligations. 
  
 (a)    The Consultant certifies that Consultant has no outstanding agreement or obligation that is in conflict with any of the provisions of this Agreement or that would preclude the Consultant
from complying with the provisions hereof and further certifies that Consultant will not enter into any such conflicting agreement during the time in which Consultant is acting as an independent contractor of the Company or thereafter. 

 
 (b)    In view of the Consultant’s access to the
Company’s trade secrets and proprietary know-how, Consultant further agrees that Consultant will not, without the Company’s prior written consent, design identical or substantially similar designs as those developed for the Company or for
any third party during the time in which Consultant is acting as an independent contractor of the Company and for a period of twelve (12) months thereafter. 
  
 7.    Covenant Not to Compete; Non-Solicitation.    During the term of this Agreement, the
Consultant will not, directly or indirectly, participate as an officer, director, employee, partner, principal, consultant or otherwise with, any person, business or enterprise which is engaged in actual or potential competition with the Company or
its affiliates, without the express prior written consent of the Company. The Consultant covenants and agrees with the Company that Consultant will not, during the term of this Agreement and for a period of one year thereafter, whether directly or
indirectly, solicit any of the Company’s then-current employees to terminate their employment with the Company or to become employed by any other firm, company, or business. 
  
 8.    Independent Contractor.    The Consultant is an
independent contractor and will not act as an agent nor shall Consultant be deemed an employee of the Company for the purposes of any employee benefit program, income tax withholding, FICA taxes, unemployment benefits or otherwise. The Consultant
may not enter into any agreement or incur any obligations on the Company’s behalf, or commit the Company in any manner, without the Company’s express prior written consent. 
  
 9.    Notices.    Any notice required or permitted by this
Agreement shall be deemed to have been given if delivered personally or sent by registered or certified mail, postage and charges prepaid, addressed to the party at the party’s address set forth on the signature page hereof. 
  
 10.    Governing
Law.    This Agreement and the application or interpretation thereof shall be governed, construed, and enforced in accordance with the laws of the State of California as applied to agreements between California
residents entered and to be performed entirely within California. 
  
 11.    Miscellaneous. 
  
 (a)    This Agreement, including the exhibits attached hereto and made a part hereof, constitutes and expresses the entire agreement and understanding between the Company and the Consultant
relating to the subject matter herein. All previous discussions, promises, representations, and understandings between the parties relative to this Agreement, if any, have been merged into this document. No modification of or amendment to this
Agreement, nor any waiver of rights under this Agreement, will be effective unless expressed in a writing signed by the party to be charged. 
  
 (b)    The Consultant may not subcontract all or any part of the services to be provided hereunder without the express prior written
consent of the Company. 

 (c)    This Agreement shall be binding upon and shall inure to the benefit of the
Company’s successors, transferees, and assigns. 
  
 (d)    The Consultant agrees that a breach of any of the representations, warranties, or covenants contained in this Agreement will result in irreparable and continuing damage to the Company for which there will be no
adequate remedy at law and that, consequently, the Company will be entitled to injunctive relief and/or a decree for specific performance and such other relief as may be proper (including monetary damages, if appropriate). 
  
 (e)    The waiver by the Company of a breach of any
provision of this Agreement will not operate or be construed as a waiver of any other or subsequent breach. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. 
  
  
  

	 “COMPANY”
	 	 	 	 TURNSTONE SYSTEMS, INC.
 a
Delaware corporation

					
	 	 	 	 	 	 	By:	 	 /s/    RICHARD N. TINSLEY

	 	 	 	 	 	 	 Name:
	 	 Richard N. Tinsley

	 	 	 	 	 	 	 Title:
	 	 President & CEO

  
  
  

	 “CONSULTANT”
	 	 	 	 /s/    CARL HUBBARD

 (signature)

					
	 	 	 	 	 	 	 Name:
	 	 Carl Hubbard

	 	 	 	 	 	 	 Title:
	 	 Consultant

	 	 	 	 	 	 	 Address:
	 	  

	 	 	 	 	 	 	  

	 	 	 	 	 	 	 Tax ID#:
	 	  

 Exhibit A 
  

CONSULTANT COMPENSATION 
  
 Description of Services: Engineering services, as requested by Company management from time to time. 
  
 Consultant shall report to: Richard N. Tinsley, President and CEO 
  
  
 Fees: US$125.00 per hour 
  
 Expenses authorized for reimbursement by Company: Reasonable expenses associated with the
provisioning of services hereunder to be mutually agreed upon between the Company and Consultant. 

 Exhibit B 
  

Section 2870, California Labor Code 
  
 (a)    Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an
invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either: 
  
 (1)    Relate at the time of
conception or reduction to practice of the invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer. 
  
 (2)    Result from any work performed by the employee for the employer. 
  
 (b)    To the extent a provision in an employment agreement purports to
require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable.

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