Document:

Exhibit 10.6

 

[NeoRx Letterhead]

 

January
30, 2006

 

Texas State Bank

P.O. Box 4797

McAllen, Texas  78502-4797

Attention:  Douglas G. Bready

 

Re:      Extension of Agreements
Concerning Secured Indebtedness

 

Dear Mr. Bready:

 

Reference is hereby made to
that certain letter agreement dated October 14, 2005 (the “Forbearance
Agreement”) between Texas State Bank (the “Bank”), NeoRx Manufacturing Group,
Inc., formerly NRX Acquisition Corporation (“NRX”), and NeoRx Corporation (“NeoRx”). 
Capitalized terms not otherwise defined herein are used as defined in the
Forbearance Agreement.

 

We hereby request an
extension of the time periods set forth in the Forbearance Agreement on the
following terms and conditions:

 

1.        
Effective upon the Bank’s countersignature of this letter (the “Extension
Letter”), the Bank may take the Cash Collateral, including all interest accrued
thereon, and apply it to the outstanding balance of the Note.

 

2.        
The Bank Agreements are hereby extended through and including June 5, 2006;
provided that the fourth paragraph of the Bank Agreements, respecting release
of the Cash Collateral, shall be of no further force and effect.  In addition, NeoRx hereby agrees that the
maturity date of the $6,000,000.00 promissory note that is the subject of
Forebearance Agreement is changed from “April 17, 2009,” to “June 5, 2006.”

 

3.        
Except as specifically set forth herein, the Forbearance Agreement and all
other the terms of the promissory note and the other Loan Documents shall
remain in full force and effect.

 

Assuming this is acceptable
to the Bank, please execute a counterpart of this Extension Letter where
indicated below.  We much appreciate your courtesy and consideration in
this matter.

 

 

	
   

  	
  Very truly yours,

  
	
   

  	
  NeoRx Corporation

  
	
   

  	
  s/Gerald McMahon

  	
   

  
	
   

  	
  Gerald McMahon

  
	
   

  	
  President and CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NeoRx Manufacturing Group,
  Inc.

  
	
   

  	
   

  
	
   

  	
  s/ Gerald McMahon

  	
   

  
	
   

  	
  By Gerald McMahon

  
	
   

  	
  President and CEO

  
	
   

  	
   

  
	
  ACCEPTED AND AGREED:

  	
   

  
	
   

  	
   

  
	
  Texas State Bank

  	
   

  
	
   

  	
   

  
	
  s/ Douglas G. Bready

  	
   

  	
   

  
	
  By Douglas G. Bready

  	
   

  
	
   President – McAllenExhibit 10.1

 

ADOBE SYSTEMS INCORPORATED

2003 Equity Incentive Plan

 

2006 Performance Share Program

 

Adopted:  February 2, 2006

 

1.             Purpose.  The Adobe Systems Incorporated 2006 Performance
Share Program (the “Program”), established under the Adobe Systems Incorporated
2003 Equity Incentive Plan (the “Plan”), is intended to provide equity
incentive compensation to individuals who make a significant contribution to
the performance of Adobe Systems Incorporated (the “Company”).  Program objectives are to:  (i) focus key Employees on achieving specific
performance targets, (ii) reinforce a team orientation, (iii) provide
significant award potential for achieving outstanding performance, and (iv)
enhance the ability of the Company to attract and retain highly talented and
competent individuals.

 

2.             Definitions.

 

Defined terms not explicitly defined in this Program but defined in the
Plan shall have the same definitions as in the Plan.

 

(a)           “Actual Award” or “Award” means the number of shares of
Stock earned under the Program by a Designated Participant during a Performance
Period.

 

(b)           “Board”
means the Board of Directors of the Company.

 

(c)           “Committee”
means a committee of one or more members of the Board appointed by the Board
pursuant to the Plan.

 

(d)           “Covered Employee” means the chief executive officer and the
four (4) other highest compensated officers of the Company for whom total
compensation is required to be reported to stockholders under the Exchange Act,
as determined for purposes of Section 162(m) of the Code.

 

(e)           “Designated Participant” means a key Employee of the
Company or an Affiliate who is designated by the Committee
in writing to participate in the Program.

 

(f)            “Maximum Award” means the number of shares of Stock that
may be delivered to a Designated Participant under the Program in respect of a
specified Performance Period if applicable Performance Goals are achieved at
the levels set by the Committee during the applicable Performance Period and
the Designated Participant continues to render Service to the Company or an Affiliate in the position
in effect on the date when such Employee became a Designated Participant (or a
higher position) during the entire Performance Period.

 

(g)           “Other Performance Goal” means a performance goal
established by the Committee that is not a Performance Goal established
pursuant to Section 9.3 of the Plan.

 

1

 

(h)           “Performance Period” means the period of time selected by the Committee over which the
attainment of one or more Performance Goals will be measured for the purpose of
determining a Designated Participant’s right to the payment of an Award.  At the discretion of the Committee, a
Performance Period may be divided into shorter periods (for example, fiscal
years of the Company) over which the attainment of one or more Performance
Goals will be measured.

 

3.             How
Awards Are Earned Under the Program.

 

(a)           General Program Description.  The Program provides the opportunity for
certain key Employees to receive shares of Stock based on the performance of
the Company.  In general, the Committee
will select certain key Employees to participate in the Program at the
beginning of a Performance Period.  Upon
selection to participate in the Program, each such Designated Participant will
be granted a Maximum Award equal to the number of shares of Stock that will be represented
by an Actual Award to such Designated Participant if (i) specified levels of
applicable Performance Goals are achieved during the Performance Period, (ii)
the Committee does not reduce such Actual Award on account of the degree of
achievement of applicable Other Performance Goals, and (iii) the Designated Participant continues to
render Service to the Company or an Affiliate in the position in effect on the
date when such Employee became a Designated Participant (or a higher position) during
the entire Performance Period.  If the Committee
does reduce the Actual Award on account of the degree of achievement of applicable
Other Performance Goals, the Designated Participant will be awarded a portion
(or none) of the shares of Stock subject to the Maximum Award; provided, however, that (i) if a specified
level of Performance Goals is not achieved during the Performance Period, the
Designated Participant will not receive any shares of Stock, and (ii) the
maximum number of shares of Stock that a Designated Participant may receive as
an Actual Award will in no event exceed the Maximum Award.  The methodology for the operation of the
Program in terms of establishing the Maximum Award based on the levels of
achievement of the Performance Goals and the determination of whether the
Maximum Award, or some portion of it, will become payable to a Designated
Participant as an Actual Award in respect of a Performance Period is set forth
in the attached Exhibit A.  As required by Section 5.4(b)(iii) of the
Plan and in accordance with Section 162(m) of the Code, in no event may a Maximum
Award be granted to a Designated Participant such that the number of shares of Stock
that could be delivered to such Designated Participant as an Actual Award would
exceed two hundred thousand (200,000) shares of Stock for each full fiscal year
of the Company contained in the Performance Period for such Actual Award.

 

(b)           Designated Participants. 
Each key Employee of the Company or
an Affiliate who is designated by the Committee in writing for
participation in the Program for a particular Performance Period shall be
eligible for a Maximum Award with respect to such Performance Period.  The Committee may designate a key Employee who commences Service after the beginning of
a particular Performance Period as eligible to receive a prorated Maximum Award
for such Performance Period.  The
determination as to whether an individual is a Designated Participant shall be
made by the Committee, in its sole discretion, and such determination shall be
binding and conclusive on all persons.

 

2

 

No Employee shall
have any right to be a Designated Participant in the Program, to continue as a
Designated Participant, or to be granted a Maximum Award or Actual Award under
the Program.  The Company is not
obligated to give uniform treatment (e.g.,
number of shares subject to Maximum Awards) to Employees or Designated Participants
under the Program.  Participation in the
Program as to a particular Performance Period does not convey any right to
participate in the Program as to any other Performance Period.

 

(c)           Performance Goals and Other Performance Goals.  The Performance Goals for a particular
Performance Period and Other Performance Goals, if applicable, and their
relative weights, will be determined by the Committee, in its sole discretion.
The Committee also may establish, in its sole discretion, Performance Goals and
Other Performance Goals for annual, quarterly or other periods within the
applicable Performance Period.  The
Performance Goals and Other Performance Goals for a Performance Period or for
shorter periods within a Performance Period are not required to be identical to
the Performance Goals and Other Performance Goals for any other Performance
Period or shorter period within a Performance Period.  The Committee may establish Performance Goals
and Other Performance Goals for the Company that differ from those established
for one or more Affiliates and may establish different Performance Goals and
Other Performance Goals for each Designated Participant or for groups of
Designated Participants.

 

4.             Other
Program Provisions.

 

(a)           Distribution of Actual Awards.  Assessment
of actual performance and distribution of Actual Awards will be subject to (i) completion
of an independent audit and certification by the Committee that the applicable
Performance Goals and other terms of the Program have been met and (ii) the Committee’s
determination as to the appropriate reductions in the amounts of the Maximum
Awards in arriving at the amounts of the Actual Awards, based on the levels of achievement
of applicable Other Performance Goals. 
Shares of Stock in respect of the Actual Award that are earned by a
Designated Participant will be distributed to the Designated Participant (or
the Designated Participant’s heirs in the case of death) within thirty (30)
days following the completion of such independent audit and certification; provided, however, that if the Company has
provided a Designated Participant with a plan or program by which to defer
distribution of such shares of Stock and the Designated Participant has made an
effective election to defer such distribution under such plan or program, such
shares will be distributed to the Designated Participant (or the Designated
Participant’s heirs in the case of death) in accordance with such election.  The
Company shall withhold shares of Stock otherwise deliverable to the Designated
Participant in satisfaction of any federal, state or local tax withholding
obligation relating to the delivery of Stock under the Actual Award.

 

(b)           Employment and Termination.  In order to receive an Actual Award under the
Program, a Designated Participant must continue to render Service to the
Company or an Affiliate in the position in effect on the date when such
Employee became a Designated Participant (or a higher position) during the
entire Performance Period, except as otherwise provided in this Section 4(b).

 

If a Designated
Participant terminates Service prior to the end of the Performance Period by
reason of death or Disability, the Designated Participant (or the

 

3

 

Designated Participant’s
heirs in the case of death) will be eligible to receive a pro rata
Actual Award based on the time employed while a Designated Participant and the
Performance Goals and Other Performance Goals achieved for the Performance
Period.  Designated Participants (or the Designated
Participant’s heirs in the case of death) who have earned an Actual Award on
this basis will receive payment on the same schedule as other Designated
Participants.  The amount of such
prorated Actual Award will be equal to (i) the amount of the Actual Award if
the Participant had not terminated Service multiplied
by (ii) a fraction, the numerator of which is the number of
completed months of Service during the Performance Period and the denominator
of which is the total number of whole months of potential Service during the
Performance Period.

 

(c)           No Employment or Service
Rights.  Nothing in the
Program or any instrument executed or Award granted pursuant to the Program
shall (i) confer upon any Employee or Designated Participant any right to continue
to be retained in the employ or service of the Company or its Affiliates, (ii)
change the at-will employment relationship between the Company or an Affiliate
and an Employee or Designated Participant, or (iii) interfere with the right of
the Company or its Affiliates to discharge any Employee, Designated Participant
or other person at any time, with or without cause, and with or without advance
notice.

 

(d)           Program Administration. 
The Committee shall be responsible for all decisions and recommendations
regarding Program administration and retains final authority regarding all
aspects of Program administration, the resolution of any disputes, and
application of the Program in any respect to a Designated Participant.  All
determinations and interpretations made by the Committee in good faith shall
not be subject to review by any person and shall be final, binding and
conclusive on all persons.  The
Committee may, without notice, amend, suspend or terminate the Program; provided, however, that no such action may adversely affect
any then outstanding Maximum Award unless (i) expressly provided by the
Committee and (ii) with the consent of the Participant, unless such action is
necessary to comply with any applicable law, regulation or rule.

 

(e)           Stockholder
Rights.  No Designated Participant shall be deemed to be the holder of, or to
have any of the rights of a holder with respect to, any shares of Stock subject
to such Maximum Award (including, without limitation, the right to receive
dividends) unless and until such Designated Participant has received an
Actual Award under the Program; provided, however,
that a plan or program by which receipt of an Actual Award may be deferred may
provide for the crediting of dividend equivalent rights.

 

(f)            Validity.  If any
provision of the Program is held invalid, void, or unenforceable, the same will
not affect, in any respect whatsoever, the validity of any other provision of
the Program.

 

(g)           Governing Plan Document.  The
Program is subject to all the provisions of the Plan and is further subject to
all interpretations, amendments, rules and regulations which may from time to
time be promulgated and adopted by the Committee, the Board or the Company
pursuant to the Plan.  In the event of
any conflict between the provisions of this Program and those of the Plan, the
provisions of the Plan shall control.

 

4

 

Exhibit A

 

2006 Performance Share Program

Award Calculation Methodology

 

 

 

 

2006 Performance Share Program

 

Program
Summary

 

February  2006

 

*Note:
The complete terms and conditions of the Performance Share Program are
contained in your individual award agreement. To the extent any provisions
contained in this summary conflict with the provisions of the award agreement,
the award agreement shall control.

 

 

2006 Performance Share Program –
Summary of Key Terms and Provisions

 

	
  Parameter

  	
   

  	
  Description

  
	
  1.

  	
   

  	
  Program Objectives

  	
   

  	
  •      Promote
  the successful integration of Macromedia and reinforce a “one firm” – firm
  mentality

  •      Align
  new leadership team to achieve key integration milestones and create
  stockholder value

  •      Support/enhance
  retention of key executives

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Participants

  	
   

  	
  •      All
  members of Adobe’s executive management team and other key members of senior
  management

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Award Type/ Award Size

  	
   

  	
  •      Participants
  will receive performance shares which are stock units that vest based on the
  achievement of specified performance metrics (discussed in Sections 6 and 7)

  •      Individual
  award amount is specified in award letter

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Date of Grant

  	
   

  	
  •      Awards
  will be granted in February 2006 on the first day the trading window opens

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Performance Period

  	
   

  	
  •      Performance,
  for purposes of determining the actual number of shares to be earned, will be
  measured at the end of FY 2007 based on performance over FY 2006-07

  •      Performance
  shares will be settled in Adobe shares after the end of FY 2007 and audited
  financial statements for FY 2007 are completed; if earned, the shares will be
  fully vested and distributed to participants at this time, unless a deferral
  election is made (see Section 9)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.

  	
   

  	
  Performance Gate

  	
   

  	
  •      Adobe
  must achieve, in the aggregate, 90% of the Board-approved operating income
  targets for FY 2006-07 or no awards will be earned

  •      Ensures threshold level of profitability
  before shares are issued

  •      Enables awards to be fully deductible by the
  Company under IRC Section 162(m)

   

  •      If
  the gate is achieved, the actual number of performance shares awarded will be
  based on achievement of specific integration metrics during FY 2006-07
  described below

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.

  	
   

  	
  Integration Metrics

  	
   

  	
  •      FY
  2006 Integration Metrics

  •      Achievement of total strategic products
  revenue targets

  •      Achievement of specified product readiness
  goals

  •      Achievement of specified engineering goals

  •      Commitment of select strategic partners

  •      FY
  2007 Integration Metrics

  •      Growth rate of strategic products revenue

  •      Growth of specified product revenue

  •      Achievement of specified product shipment
  goals

  •      Achievement of specified engineering goals
  and delivery of strategic partner objectives

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Note: All metrics will be weighted equally (i.e., 12.5%
  per metric)

  

 

1

 

	
  Parameter

  	
   

  	
  Description

  
	
  8.

  	
   

  	
  Award Determination

  	
   

  	
  •      If
  the gate is not achieved, then no performance shares will be paid regardless
  of performance against the integration metrics

   

  •      If
  the gate is achieved, actual shares earned will be determined after the
  completion of FY 2007 as follows:

   

  Step 1: Determine the number of
  performance shares earned for achievement of the five non-revenue integration
  metrics (partial share amounts will be rounded up to the next share)

   

  •      For
  each non-revenue integration metric achieved multiply:

   

  12.5%
  X Target Number of Performance Shares X Modifier

   

  •      The
  Compensation Committee (with input from the CEO and President & COO)
  retain the discretion to apply a modifier (up or down) to the achievement of
  non-revenue metrics based on various factors (such as market reception,
  revenue, commitment of strategic partners, quality of product shipped, etc.)

   

  •      The modifier may not result in payout for
  an individual goal that exceeds 150% of target

   

  Step 2: Determine the number of
  performance shares earned for the achievement of the FY 2006 total strategic
  products revenue metric (partial share amounts will be rounded up to the next
  share)

   

  •      The
  number of shares earned will correlate to the percent of metric achievement,
  subject to the minimum and maximum below

  
					

 

	
  Percent
  of Revenue Metric Achievement

  	
   

  	
  Performance
  Shares Earned

  	
   

  
	
  < 90% of Target

  	
   

  	
  0%

  	
   

  
	
  90% of Target

  	
   

  	
  90% x 12.5% x Target
  Shares

  	
   

  
	
  100% of Target

  	
   

  	
  100% x 12.5% x Target
  Shares

  	
   

  
	
  125% of Target

  	
   

  	
  125% x 12.5% x Target
  Shares

  	
   

  
	
  150% of Target

  	
   

  	
  150% x 12.5% x Target
  Shares

  	
   

  
	
  > 150% of Target

  	
   

  	
  150% x 12.5% x Target
  Shares

  	
   

  

 

	
   

  	
   

  	
   

  	
   

  	
  Step 3: Repeat Step 2 for the FY
  2007 total strategic products revenue metric and FY 2007 specified product
  revenue metric

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Step 4: Calculate the total number
  of shares earned through Steps 1-3

  

 

	
  9.

  	
   

  	
  Deferral Provisions

  	
   

  	
  •      A
  participant may make a one-time election to defer receipt of all or a portion
  of earned performance shares to a date beyond the end of the performance
  period

   

  •      Election
  to defer must be made by May 30, 2007

   

  •      Details
  regarding deferral election will follow in late 2006/early 2007

  

 

2

 

	
  Parameter

  	
   

  	
  Description

  
	
  10.

  	
   

  	
  Termination Provisions

  	
   

  	
  •      Termination
  that is not due to Death or Long-Term Disability

   

  •      Participant
  forfeits right to any portion of performance share award

   

  •      Termination
  due to Death or Long-Term Disability

   

  •      At
  the end of the performance period, the participant or participant’s estate
  will receive a prorated portion of the award expressed as the product of the
  actual performance share grant earned for the performance period and the
  number of full or partial months of the performance period that has elapsed
  upon the participant’s death or disability, divided by 24

   

  •      Awards
  will be settled and shares delivered to the participant or participant’s
  estate in accordance with Section 5 above

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.

  	
   

  	
  Change-in-Control Provisions

  	
   

  	
  •      Upon
  a change in control, as defined in Adobe’s Executive Severance Plan in Event
  of a Change in Control, the program shall terminate and a number of
  performance shares will be deemed earned by each participant expressed as the
  product of the target performance share grant for the entire performance
  period and the number of full or partial months of the performance period
  that has elapsed upon the change in control, divided by 24

   

  •      The
  shares earned will be delivered to the participant as soon as
  administratively practical following the change in control; provided,
  however, the Company may delay payment for six-months if required to avoid
  penalties under IRC Section 409A (deferred compensation regulations)

   

  •      Participant
  acknowledges that these awards are considered “performance share units” as
  this term is used in Adobe’s Executive Severance in Event of a
  Change-in-Control Plan and any individual change-in-control agreements

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  12.

  	
   

  	
  Tax Withholding

  	
   

  	
  •      Upon
  distribution of the shares to a Participant, the Company will deduct from the
  actual performance shares earned a number of performance shares equal in
  value to satisfy the participant’s tax withholding obligation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  13.

  	
   

  	
  Dividend Equivalent Rights

  	
   

  	
  •      During
  the performance period, participants will not receive dividend equivalent
  rights on performance shares should Adobe pay a cash or stock dividend to
  stockholders

   

  •      Should
  Adobe pay a cash or stock dividend after the end of the performance period,
  dividend equivalent rights will be paid on deferred performance shares in the
  same form issued to other stockholders and be subject to the same
  election/distribution provisions as the underlying unit

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  14.

  	
   

  	
  Miscellaneous Provisions

  	
   

  	
  •      Award
  is not transferable

   

  •      Award
  does not constitute an express or implied right of continued employment nor a
  guarantee of participation in any subsequent plans, if any, similar to this
  program

   

  •      Participant
  does not have any rights of a stockholder (except as described in Section 15)
  until awards are settled in Adobe stock

   

  •      Compensation
  Committee (as Administrator) has the power to interpret, amend and modify the
  program; provided, however, that no such action shall adversely affect a
  participant with respect to outstanding awards

  

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]