Document:

exh101111110.htm

Exhibit 10.1

 

 

November 11, 2010

Mr. Fred Weber

  

MIPS Board Compensation

Dear Fred,

The Compensation and Nominating Committee of the Board of Directors of MIPS Technologies, Inc. (“MIPS”), has recommended your nomination to the MIPS Board of Directors.  We are pleased to extend this nomination and want to take this opportunity to outline the compensation you will receive if the Board confirms your appointment and you accept.

Compensation for the MIPS Board of Directors will include the following:

	
·  

	
An annual Board retainer of $25,000 to be paid in quarterly installments in connection with our quarterly board meetings;

	
·  

	
A Board meeting fee of $1,500 for each Board meeting attended (in person or by telephone);

	
·  

	
A Committee meeting fee of $1,000 for each Committee meeting attended (in person or by telephone).

Subject to authorization and approval of the MIPS Board of Directors, the terms of this letter and compliance with all applicable federal and state securities laws, upon joining the Board you will be granted a stock award of $70,000 in restricted stock units (RSUs) under the terms of the 1998 Long-Term Incentive Plan, as amended, and the applicable Award Documents.  The RSUs shall vest 50% after one year and 50% after two years.

Additionally, once you have been a Director for at least six months, you will be granted at or about the time of the Annual Meeting of Stockholders an annual renewal award of $35,000 in RSUs that vest 100% after one year, under the terms of the 1998 Long-Term Incentive Plan, as amended, and the applicable Award Documents.

Fred, we are looking forward to your giving us the benefit of your wisdom and time, and for joining forces with the other Board members to assist us in building a strong and successful company.

Sincerely,

MIPS Technologies, Inc.

/s/ ANTHONY B. HOLBROOK

Anthony B. Holbrook

Chairman of the Board

AGREED TO AND ACCEPTED:

By:  /s/ FRED WEBER_______________________

Name:    Mr. Fred Weber

Date:   November 11, 2010Exhibit 10.2

 

AMENDMENT

OF

EMPLOYMENT
AGREEMENT

 

THIS
AMENDMENT is made effective as of August 1, 2010, between Chicago Board
Options Exchange, Inc. (the “Company”) and Edward J. Joyce (the “Employee”).

 

WHEREAS,
the Company and the Employee have entered into an Amended and Restated
Employment Agreement, effective as of December 31, 2009 (the “Employment
Agreement”); and

 

WHEREAS,
the Company and the Employee now consider it desirable to amend the Employment
Agreement.

 

NOW,
THEREFORE, pursuant to Section 18 of the Employment Agreement, the parties
mutually agree to further amend the Employment Agreement by substituting the
following for the second sentence of Section 3(c) of the Employment
Agreement:

 

“Options and other equity awards, if any, granted to
Employee under such a plan shall vest upon Employee’s retirement after
attaining age fifty-seven (57) and all vested options may thereafter be
exercised by Employee for the remainder of their term.”

 

IN
WITNESS WHEREOF, the parties have executed this Amendment on the date and year
first above written.

 

	
  CHICAGO BOARD OPTIONS EXCHANGE,
  INC.

  	
   

  
	
   

  	
  /s/
  Edward J. Joyce

  
	
   

  	
  Edward
  J. Joyce

  
	
  By:
  

  	
  /s/
  William J. Brodsky

  	
   

  	
   

  
	
   

  	
  Chief
  Executive Officer and

  	
   

  	
   

  
	
   

  	
  Chairman
  of the Board of DirectorsExhibit 10.3

 

The
CORPORATEplan for RetirementSM

EXECUTIVE PLAN

 

 

Adoption Agreement

 

 

IMPORTANT NOTE

 

This document has not been approved
by the Department of Labor, the Internal Revenue Service or any other
governmental entity.  An Employer must
determine whether the plan is subject to the Federal securities laws and the
securities laws of the various states. 
An Employer may not rely on this document to ensure any particular tax
consequences or to ensure that the Plan is “unfunded and maintained primarily
for the purpose of providing deferred compensation to a select group of
management or highly compensated employees” under the Employee Retirement
Income Security Act with respect to the Employer’s particular situation.  Fidelity Management Trust Company, its
affiliates and employees cannot and do not provide legal or tax advice or
opinions in connection with this document. 
This document does not constitute legal or tax advice or opinions and is
not intended or written to be used, and it cannot be used by any taxpayer, for
the purposes of avoiding penalties that may be imposed on the taxpayer.  This document must be reviewed by the
Employer’s attorney prior to adoption.

 

	
  Plan
  Number: 44316

  	
   

  	
  ECM NQ 2007 AA

  
	
  (07/2007)

  	
   

  	
  11/8/2010

  

 

© 2007 Fidelity Management &
Research Company

 

 

1.05         CONTRIBUTIONS ON BEHALF OF
EMPLOYEES

 

(a)           Deferral
Contributions (Complete all that apply):

 

(1)       x          Deferral
Contributions. Subject to any minimum or maximum deferral amount provided
below, the Employer shall make a Deferral Contribution in accordance with, and
subject to, Section 4.01 on behalf of each Participant who has an executed
salary reduction agreement in effect with the Employer for the applicable
calendar year (or portion of the applicable calendar year).

 

	
  Deferral Contributions

  	
   

  	
  Dollar Amount

  	
   

  	
  % Amount

  	
   

  
	
  Type of Compensation

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  
	
  Base Compensation

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  13

  	
   

  

 

(Note:  With respect to each type of Compensation,
list the minimum and maximum dollar amounts or percentages as whole
dollar amounts or whole number percentages.)

 

(2)       x          Deferral
Contributions with respect to Bonus Compensation only. The Employer requires
Participants to enter into a special salary reduction agreement to make
Deferral Contributions with respect to one or more Bonuses, subject to minimum
and maximum deferral limitations, as provided in the table below.

 

	
   

  	
   

  	
  Treated As

  	
   

  	
  Dollar Amount

  	
   

  	
  % Amount

  	
   

  
	
  Deferral Contributions

  Type of Bonus

  	
   

  	
  Performance

  Based

  	
   

  	
  Non-

  Performance

  Based

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  	
  Min

  	
   

  	
  Max

  	
   

  
	
  Bonus Compensation

  	
   

  	
  Yes

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  0

  	
   

  	
  13

  	
   

  

 

(Note:  With respect to each type
of Bonus, list the minimum and maximum dollar amounts or percentages as whole
dollar amounts or whole number percentages. 
In the event a bonus identified as a Performance-based Bonus above does
not constitute a Performance-based Bonus with respect to any Participant, such
Bonus will be treated as a Non-Performance-based Bonus with respect to such
Participant.)

 

(b)           Matching
Contributions (Choose (1) or (2) below,
and (3) below, as applicable):

 

(1)       x          The Employer
shall make a Matching Contribution on behalf of each Employee Participant in an
amount described below:

 

(A)  x   100%
of the Employee Participant’s Deferral Contributions for the calendar year.

 

1

 

(B)   ̈   The
amount, if any, declared by the Employer in writing, which writing is hereby
incorporated herein.

 

(C)   ̈   Other:

 

(2)        ̈          Matching
Contribution Offset. For each Employee Participant who has made elective
contributions (as defined in 26 CFR section 1.401(k)-6 (“QP Deferrals”)) of the
maximum permitted under Code section 402(g), or the maximum permitted under the
terms of the
                                                      
Plan (the “QP”),  to the QP, the Employer
shall make a Matching  Contribution in an
amount equal to (A) minus (B) below:

 

(A)    The matching
contributions (as defined in 26 CFR section 1.401(m)-1(a)(2) (“QP Match”))
that the Employee Participant would have received under the QP on the sum of
the Deferral Contributions and the Participant’s QP Deferrals, determined as
though—

 

·      no limits
otherwise imposed by the tax law applied to such QP match; and

·      the Employee
Participant’s Deferral Contributions had been made to the QP.

 

(B)     The QP Match
actually made to such Employee Participant under the QP for the applicable
calendar year.

 

Provided,
however, that the Matching Contributions made on behalf of any Employee
Participant pursuant to this Section 1.05(b)(2) shall be limited as
provided in Section 4.02 hereof.

 

(3)       x          Matching
Contribution Limits (Check the appropriate
box (es)):

 

(A)  x  Deferral
Contributions in excess of 4% of the Employee Participant’s Compensation
for the calendar year shall not be considered for Matching Contributions.

 

(B)   ̈   Matching
Contributions for each Employee Participant for each calendar year shall be
limited to $              .

 

(c)           Employer
Contributions

 

(1)        ̈          Fixed Employer
Contributions. The Employer shall make an Employer Contribution on behalf of
each Employee Participant in an amount determined as described below:

 

 

2

 

(2)       x          Discretionary
Employer Contributions. The Employer may make Employer Contributions to the
accounts of Employee Participants in any amount (which   amount may be zero), as determined by the
Employer in its sole discretion from time  
to time in a writing, which is hereby incorporated herein.

 

3

 

AMENDMENT EXECUTION PAGE

(Fidelity’s Copy)

 

	
  Plan
  Name:

  	
   

  	
  Chicago
  Board Options Exchange Supplemental Retirement Plan (the “Plan”)

  
	
   

  	
   

  	
   

  
	
  Employer:

  	
   

  	
  Chicago
  Board Options Exchange, Inc.

  

 

(Note: These execution pages are to be
completed in the event the Employer modifies any prior election(s) or
makes a new election(s) in this Adoption Agreement.  Attach the amended page(s) of the
Adoption Agreement to these execution pages.)

 

The following section(s) of the Plan are hereby amended effective
as of the date(s) set forth below:

 

	
  Section Amended

  	
   

  	
  Effective Date

  	
   

  
	
  1.05

  	
   

  	
  10/01/2010

  	
   

  

 

IN WITNESS WHEREOF, the Employer has caused this Amendment to be
executed on the date below.

 

	
   

  	
  Employer:

  	
  Chicago
  Board Options Exchange

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Peter A. Leo

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Director,
  HR

  
	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
  9/28/2010

  

 

4

 

AMENDMENT EXECUTION PAGE

(Employer’s Copy)

 

	
  Plan
  Name:

  	
   

  	
  Chicago
  Board Options Exchange Supplemental Retirement Plan (the “Plan”)

  
	
   

  	
   

  	
   

  
	
  Employer:

  	
   

  	
  Chicago
  Board Options Exchange, Inc.

  

 

(Note: These execution pages are to be
completed in the event the Employer modifies any prior election(s) or
makes a new election(s) in this Adoption Agreement. Attach the amended
page(s) of the Adoption Agreement to these execution pages.)

 

	
  Section Amended

  	
   

  	
  Effective Date

  	
   

  
	
  1.05

  	
   

  	
  10/01/2010

  	
   

  

 

IN WITNESS WHEREOF, the Employer has caused this Amendment to be
executed on the date below.

 

	
   

  	
  Employer:

  	
  Chicago
  Board Options Exchange

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Peter A. Leo

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Director,
  HR

  
	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
  9/28/2010

  

 

5

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