Document:

EXHIBIT 10.1

 

AMENDMENT

TO

RESTATED EMPLOYMENT AGREEMENT

 

Reference
is made to that certain Restated Employment Agreement (the “Agreement”), dated
as of November 21, 1995, between Sonesta International Hotels Corporation
(the “Company”) and Paul Sonnabend (the “Executive”).  This shall constitute an Amendment to the
Agreement.

 

1.               Section 3 is deleted and replaced with
the following:

 

3.  Duties.  The Executive shall be employed by the
Company as Executive Vice President of the Company, as the same may be expanded
or reduced from time to time, subject always to the direction of the Board of
Directors of the Company.

 

2.               Section 11 is deleted and replaced with
the following:

 

11.  Notices.  All notices under this Agreement shall be in
writing and delivered by hand or addressed and mailed by registered or
certified mail, return receipt requested, if to the Company:

 

	
   

  	
  Sonesta
  International Hotels Corporation

  
	
   

  	
  116
  Huntington Avenue, Floor 9

  
	
   

  	
  Boston,
  MA 02116

  
	
   

  	
  Attn:
  Office of Treasurer

  
	
   

  	
   

  
	
  with
  a copy to:

  
	
   

  	
   

  
	
   

  	
  Norman
  Spector, Esq.

  
	
   

  	
  Burns &
  Levinson

  
	
   

  	
  125
  Summer Street

  
	
   

  	
  Boston,
  MA 02110

  
	
   

  	
   

  
	
  and
  if to the Executive

  
	
   

  	
   

  
	
   

  	
  Mr. Paul
  Sonnabend

  
	
   

  	
  5
  Dear Path Lane

  
	
   

  	
  Weston,
  MA 02493

  

 

 

or
to such other address for notice as may be specified by any party hereto by notice
given in the manner herein provided.

 

3.               In all other respects the Agreement remains
unchanged and in effect as of this May 16, 2005.

 

IN WITNESS WHEREOF, the parties have executed this
First Amendment as of the day and year written above.

 

	
   

  	
  SONESTA
  INTERNATIONAL HOTELS

  
	
   

  	
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /S/
  Boy van Riel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Vice
  President & Treasurer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /S/
  Paul Sonnabend

  	
   

  
	
   

  	
  Paul
  SonnabendEXHIBIT 10.2

 

AMENDMENT

TO

RESTATED EMPLOYMENT AGREEMENT

 

Reference
is made to that certain Restated Employment Agreement (the “Agreement”), dated
as of November 21, 1995, between Sonesta International Hotels Corporation
(the “Company”) and Roger P. Sonnabend (the “Executive”).  This shall constitute an Amendment to the
Agreement.

 

1.               Section 3 is deleted and replaced with
the following:

 

3.  Duties.  The Executive shall be employed by the
Company as Executive Chairman of the Board, as the same may be expanded or
reduced from time to time, subject always to the direction of the Board of
Directors of the Company.

 

2.               Section 11 is deleted and replaced with
the following:

 

11.  Notices.  All notices under this Agreement shall be in
writing and delivered by hand or addressed and mailed by registered or
certified mail, return receipt requested, if to the Company:

 

	
   

  	
  Sonesta
  International Hotels Corporation

  
	
   

  	
  116
  Huntington Avenue, Floor 9

  
	
   

  	
  Boston,
  MA 02116

  
	
   

  	
  Attn:
  Office of Treasurer

  
	
   

  	
   

  
	
  with
  a copy to:

  
	
   

  	
   

  
	
   

  	
  Norman
  Spector, Esq.

  
	
   

  	
  Burns &
  Levinson

  
	
   

  	
  125
  Summer Street

  
	
   

  	
  Boston,
  MA 02110

  
	
   

  	
   

  
	
  and
  if to the Executive

  
	
   

  	
   

  
	
   

  	
  Mr. Roger P. Sonnabend

  
	
   

  	
  72 Mt. Vernon Street

  
	
   

  	
  Boston, MA 02108

  

 

 

or
to such other address for notice as may be specified by any party hereto by
notice given in the manner herein provided.

 

3.               In all other respects the Agreement remains
unchanged and in effect as of this May 16, 2005.

 

IN WITNESS WHEREOF, the parties have executed this
First Amendment as of the day and year written above.

 

	
   

  	
  SONESTA
  INTERNATIONAL HOTELS

  
	
   

  	
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /S/
  Boy van Riel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Vice
  President & Treasurer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /S/
  Roger P. Sonnabend

  	
   

  
	
   

  	
  Roger
  P. SonnabendEXHIBIT 10.3

 

AMENDMENT

TO

RESTATED EMPLOYMENT AGREEMENT

 

Reference
is made to that certain Restated Employment Agreement (the “Agreement”), dated
as of November 21, 1995, between Sonesta International Hotels Corporation
(the “Company”) and Stephen Sonnabend (the “Executive”).  This shall constitute an Amendment to the
Agreement.

 

1.               Section 11 is deleted and replaced with
the following:

 

11.  Notices.  All notices under this Agreement shall be in
writing and delivered by hand or addressed and mailed by registered or
certified mail, return receipt requested, if to the Company:

 

	
   

  	
  Sonesta
  International Hotels Corporation

  
	
   

  	
  116
  Huntington Avenue, Floor 9

  
	
   

  	
  Boston,
  MA 02116

  
	
   

  	
  Attn:
  Office of Treasurer

  
	
   

  	
   

  
	
  with
  a copy to:

  
	
   

  	
   

  
	
   

  	
  Norman
  Spector, Esq.

  
	
   

  	
  Burns &
  Levinson

  
	
   

  	
  125
  Summer Street

  
	
   

  	
  Boston,
  MA 02110

  
	
   

  	
   

  
	
  and
  if to the Executive

  
	
   

  	
   

  
	
   

  	
  Mr. Stephen
  Sonnabend

  
	
   

  	
  350
  Coconut Lane

  
	
   

  	
  Key
  Biscayne, Fl 33149

  

 

or
to such other address for notice as may be specified by any party hereto by
notice given in the manner herein provided.

 

2.               In all other respects the Agreement remains
unchanged and in effect as of this May 16, 2005

 

 

IN WITNESS WHEREOF, the parties have executed this
First Amendment as of the day and year written above.

 

	
   

  	
  SONESTA
  INTERNATIONAL HOTELS

  
	
   

  	
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /S/
  Boy van Riel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Vice
  President and Treasurer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /S/
  Stephen Sonnabend

  	
   

  
	
   

  	
  Stephen
  SonnabendEXHIBIT 10.4

 

SONESTA
INTERNATIONAL HOTELS CORPORATION

 

Summary of
Director Compensation

 

The following is a summary of the currently effective
compensation of the directors of Sonesta International Hotels Corporation (the “Company”)
for services as directors, which is subject to modification at any time by the
Board of Directors.

 

I.                                         Outside
Directors shall receive $25,000 per year, payable in quarterly installments.

 

II.                                     In
addition to other Director compensation, the Chairman of the Audit Committee
shall receive $5,000 per year.Exhibit 10.1

 

RELEASE
AGREEMENT

 

RELEASE
AGREEMENT (this “Release  Agreement”)
dated as of May 16, 2005 by and between Warren Pratt (“Employee”) and Silicon Graphics, Inc. (the “Company”).

 

WHEREAS,
pursuant to the terms of the Letter Agreement dated April 25, 2001 (the “Letter Agreement”; terms used but not defined herein have
the meaning given in the Letter Agreement) between Employee and the Company,
the Company agreed to forgive a portion of the balance of the loan made under
the Letter Agreement, subject to Employee’s delivery to the Company of a
general release of claims;

 

NOW THEREFORE,
in consideration of the foregoing and of the mutual covenants and agreements of
the parties set forth in this Release Agreement, and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto, intending to be legally bound, agree as follows:

 

1.                                       Employee
understands that if Employee does not sign this Release Agreement, no portion
of the loan made pursuant to the Letter Agreement will be forgiven.

 

2.                                       In consideration
of the forgiveness of the loan made pursuant to Letter Agreement, Employee
agrees to release and discharge unconditionally the Company and any successors,
subsidiaries, affiliates, related entities, and their respective current and
former officers, directors, stockholders, employees, benefits plan
administrators and trustees, agents, attorneys, insurers, representatives,
affiliates, successors and assigns, from any and all claims, actions, causes of
action, demands, obligations or damages of any kind arising from his employment
with the Company and the separation of that employment or otherwise, whether
known or unknown to him, which he ever had or now have upon or by reason of any
matter, cause or thing, up to and including the day on which he signs this
Release Agreement.  The claims Employee
is waiving include, but are not limited to, all claims arising out of or
related to any stock options or restricted stock held by or granted to Employee
by the Company or any of its affiliates; all claims under Title VII of the
Civil Rights Act of 1964, as amended; all claim under the Age Discrimination in
Employment Act of 1967; all claims under the Americans with Disabilities Act;
all claims under the Fair Labor Standards Act; all claims under the National
Labor Relations Act; all claims under the Family and Medical Leave Act; all
claims under the Employee Retirement Income Security Act; all claims under 42
U.S.C. section 1981; all claims under the California Fair Employment and
Housing Act and all claims under other analogous federal, state and local laws,
regulations, statutes and ordinances; all claims under any principle of common
law; all claims concerning any right to reinstatement; and all claims for any
type of relief from the Company, whether federal, state or local, whether
statutory, regulatory or common law, and whether tort, contract or
otherwise.  This release of claims does
not affect any pending claim for workers’ compensation benefits, vested rights,
if any, in the Company’s 401(k) plan, or Employee’s rights to exercise any and
all Company stock options in accordance with the terms thereof, or any other
claims that cannot be waived under applicable laws.  Notwithstanding the foregoing, Employee does
not waive any rights to which he may be entitled to seek indemnification with
respect to liability incurred by Employee in his capacity as an officer and

 

 

employee of the Company in accordance with
the bylaws of the Company and the indemnification agreement between Employee
and the Company.

 

3.                                       Because Employee
agrees to release all claims, known or unknown, as set forth in Paragraph 2
above, Employee also agrees to expressly waive his rights under Section 1542
of the California Civil Code (or any analogous federal or state law or
regulations), which provides:

 

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME
OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED
HIS SETTLEMENT WITH THE DEBTOR.

 

4.                                       Employee
acknowledges that he has carefully read and fully understands all of the
provisions of this Release Agreement and is entering into this Release
Agreement knowingly and voluntarily and intends to be bound by its terms.  Employee was advised and hereby is advised in
writing to consult with an attorney of his choice prior to executing this
Release Agreement.

 

5.                                       Employee
understands and agrees that the terms of this Release Agreement are
confidential and he will not disclose to others the terms of this Release
Agreement, except as otherwise permitted by law and with the written consent of
the Company; provided that Employee may
disclose this information to his immediate family or for purposes of securing
professional, financial, tax or legal services so long as, prior to that
disclosure, he has informed such persons that this confidentiality clause is in
effect and that they are bound by it as well. 
Employee understands that the Company may disclose the existence and
contents of this Release Agreement, including but not limited to public
disclosure as the Company deems necessary or appropriate to comply with
securities law requirements.

 

6.                                       In the event of
any dispute, claim, question, or disagreement arising out of or relating to
this Release Agreement or the breach thereof, Employee and the Company agree to
first use their best efforts to settle such matters in an amicable manner.  Initially, the parties shall consult and
negotiate with each other, in good faith and, recognizing their mutual
interests, attempt to reach a just and equitable solution satisfactory to both
parties.  If the parties do not reach
such resolution within a period of 60 days, then upon written notice by either
party to the other, any unresolved dispute, claim or differences shall be
submitted to confidential mediation by a mutually agreed upon mediator.  Either party may, without inconsistency with
this Release Agreement, apply to any court having jurisdiction hereof and seek
injunctive relief so as to maintain the status quo until such time as the
mediation is concluded or the controversy is otherwise resolved.  The site of the mediation shall be in the
County of Santa Clara, California.  Each
party shall each bear its own costs and expenses and an equal share of the
mediators’ and any similar administrative fees. 
If any such dispute is finally determined in Employee’s favor through a
judicial proceeding, the Company shall reimburse all reasonable fees and
expenses, including attorneys’ and consultants’ fees, that Employee incurs in
good faith in connection therewith.  If
the dispute involves an amount to be paid, the Company shall reimburse such
fees to the extent Employee received half or more of the amount in dispute.

 

 

7.                                       If one or more
of the provisions of this Release Agreement shall for any reason be held to be
unenforceable in any respect, such unenforceability shall not affect any other
provisions of this Release Agreement.

 

8.                                       This Release
Agreement contains the entire agreement between Employee and the Company, and
supersedes any and all prior agreements or understandings, pertaining to the
subject matter of this Release Agreement. 
Employee represents and acknowledges that in executing this Release
Agreement he has not relied upon any representation or statement not set forth
here with regard to the subject matter of this Release Agreement.

 

9.                                       This Release
Agreement shall be governed by the laws of the state of California.

 

 

IN WITNESS
WHEREOF, the Company and Employee have executed this Release Agreement, to be
effective as of the day and year first written above.

 

	
   

  	
  EMPLOYEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Warren Pratt

  	
   

  
	
   

  	
  Warren Pratt

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SILICON GRAPHICS, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sandra M. Escher

  	
   

  
	
   

  	
  Name: Sandra M. Escher

  
	
   

  	
  Title: 
  Senior Vice President and General Counsel

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