Document:

EX-10.21

 

EX-10.21

(Exhibit 10.21)       Executive Enhanced Incentive Plan

Executive Enhanced Incentive Plan

In order to recognize the efforts of Messrs. Humphrey, Rudgers, and Miller to significantly
improve the Company’s financial performance in 2006, the Board of Directors of the Company has
created a cash incentive opportunity for those executives of $142,119, $73,508, and $54,000,
respectively. None of those executives received any bonus for 2005. Payment of one-third of the
incentive is dependent upon the Company achieving an earning per share target at June 30, 2006;
one-third upon achieving an earning per share target at July 31, 2006, and one-third upon achieving
an earnings per share target at September 30, 2006. To the extent the Company achieves at least
eighty percent of the earning per share target at each measurement date incentives will be paid on
a same percentage basis up to a maximum of 100%. In addition each of these executives along with
other executives of the Company have the opportunity to earn a cash award under the Company’s 2006
Annual Incentive Plan.

January 25, 2006EX-10.1

 

Exhibit 10.1

P.O BOX
91129 • CLEVELAND, OHIO 44101 • (440) 461-5200

DENNIS McKENNA

VICE PRESIDENT

GLOBAL BUSINESS DEVELOPMENT

	 	 	 
	Mr. Randy Ruhlman

	 	1 March 2005
	Ruhlman Motor Sports
	 	 
	2403 Deer Track Lane
	 	 
	Greensboro, NC 27455
	 	 

Dear Randy,

This letter will confirm our return as your primary sponsor for the SCCA Trans-Am Series in 2005.
The racing program appears to provide a truly unique opportunity to showcase both Preformed Line
Products and our many valuable brands. We look forward to an exciting and successful season.

As we discussed, PLP® is providing a total of $658,000 in sponsorship fees for the 2005 season.
Enclosed is the first installment of $300,000. The payment schedule for the remainder of the 2005
sponsorship fee will be as follows:

	 	 	 	 	 
	April 2005:
	 	$	158,000	 
	May 2005:
	 	$	100,000	 
	June 2005:
	 	$	100,000	 

I look forward to working with you and Cristi on evaluating the use and effectiveness of
the program as well as ways to perhaps enhance the promotional impact of the program through
broadening its exposure in other segments of our business, possibly including the Energy Market
and Superior Modular Products.

Racing provides us with a unique venue for strengthening our relationships with customers and all
of us within the Marketing and Sales group look forward to working closely with you, Cristi and
your team in 2005.

	 
	Best Regards,

	

	Dennis F. McKenna

	Vice President, Global Business Development

cc: R.G. RuhlmanEX-10.10

 

Exhibit 10.10

P.O.
BOX 91129 • CLEVELAND, OHIO 44101 • (440) 461-5200

December 19, 2005          

Mr. Robert Hazenfield

2900 Huntington Way

Aurora, OH 44202

     Re: Retirement Agreement

Dear Bob:

     This will confirm the agreement and arrangements relative to your retirement from
Preformed Line Products Company (“Company”), which is effective January 1, 2006 (“Retirement
Date”) in accordance with your request.

	 	1.	 	Term — The term of this agreement commences on the Retirement
Date, and
continues for five years or until your death, whichever is earlier (“Term”).
	 
	 	2.	 	Compensation — You are entitled to a supplement retirement of $35,000
per year, which the Company will make via monthly payments by direct deposit to the
bank account you designate. The payments will be treated as ordinary income
with applicable payroll taxes, withholdings and deductions consistent with the
Company’s regular payroll practices.
	 
	 	3.	 	Insurance — Medical and dental insurance, if continued by the Company,
will be
available to you should you elect our coverage during the Term. You will be
responsible for the normal employee contribution, as it may change from time to
time. Such election must be made by December 31, 2005. Life insurance in the
amount of $10,000 will also be provided to you, without charge, for the Term.

 

 

	 	4.	 	Laptop/Cell Phone — You shall be entitled to take
the laptop computer supplied by
the Company, with you. Also, the Company will pay for your cell phone for 90
days after the Retirement Date.
	 
	 	5.	 	Noncompetition/Confidential — You shall continue to hold in a
fiduciary capacity
for the benefit of the Company, and as such, all secret or confidential
information,
knowledge or data relating to the Company or any of its affiliated companies, and
their respective businesses (including all information, knowledge or data relating
to developments, inventions, know-how, customers or clients or potential
customers or clients of the Company or any of its affiliated companies), which
shall have been obtained by you during your employment by the Company or any
of its affiliated companies and which shall not be or become public knowledge
(other than by your acts in violation of this Agreement) (collectively,
“Confidential Information”), must be kept in strict confidence. You shall not,
without the prior written consent of the Company or as may otherwise be required
by law or legal process, communicate or divulge any Confidential Information to
anyone other than the Company and those designated by it or to an attorney
retained by you. You shall also not use any Confidential Information absent the
Company’s prior written approval.
	 
	 	6.	 	Approval — This agreement and your retirement, effective January 1,
2006, were
approved by the Board of Directors at its meeting on November 2, 2005.

     If the foregoing is in accordance with your understanding, please so indicate by signing and
returning the attached copy of this letter.

	 	 	 
	 

	 	Sincerely yours,
	 

	 	
	 

	 	Robert G. Ruhlman
	 

	 	President and CEO

	 	 	 
	/s/ Robert C. Hazenfield
	 	 
	 

Robert C. Hazenfield

	 	 
	 
	 	 
	Dec. 21, 2005
	 	 
	 
Date<PAGE>

                                                                  EXHIBIT 10(m)

                        COMPUTER TASK GROUP, INCORPORATED

           COMPENSATION ARRANGEMENTS FOR THE NAMED EXECUTIVE OFFICERS

Set forth below is a summary of the annual and incentive compensation paid by
Computer Task Group, Incorporated (the Company) to its named executives (defined
in Regulation S-K Item 402(a)(3)) in their current positions as of the date of
the filing of the Company's Annual Report on Form 10-K for the year ended
December 31, 2005. All of the Company's executive officers are at-will employees
whose compensation and employment status may be changed at any time at the
discretion of the Company's Board of Directors, subject only to the terms of
employment agreements, as applicable, between the Company and these executive
officers.

Effective January 1, 2006, the named executive officers are scheduled to receive
the following annual base salaries in their current positions:

<TABLE>
<CAPTION>
                                                      Current Annual Salary
                                                      ---------------------
<S>                                                   <C>
James R. Boldt
Chairman, President and Chief Executive Officer            $412,000

Gregory M. Dearlove
Senior Vice President, Administration                      $294,000

Filip J.L. Gyde
Senior Vice President, General Manager, CTG Europe         $228,600(1)

Thomas J. Niehaus
Senior Vice President, General Manager,
   CTG HealthCare Solutions                                $222,000

Arthur W. Crumlish
Senior Vice President, Strategic Staffing Solutions        $200,000
</TABLE>

Executive officers are also eligible to receive incentive compensation each year
primarily based upon the achievement of certain targets. These targets may
include specific levels of revenue growth, gross profit, operating income or
earnings per share. Bonuses were awarded to the named executives for 2005 as
follows:

<TABLE>
<CAPTION>
                      2005 Bonus
                      ----------
<S>                   <C>
James R. Boldt         $126,597
Gregory M. Dearlove    $ 45,151
Filip J.L. Gyde        $ 43,943
Thomas J. Niehaus      $ 81,399
Arthur W. Crumlish     $ 65,700
</TABLE>

(1)  Mr. Gyde is paid in Euros. This amount represents his base pay of 193,020
     Euros translated into U.S. dollars at the January 1, 2006 exchange rate.

                                                                              66EX-10.13

 

Exhibit 10.13

November 3, 2005

Dear Mr. Wendel:

     In connection with your acceptance of employment as Senior Vice President — Finance of First
Community Bank, N.A. (the “Bank”), we are pleased to offer you this contract which would provide
you with a severance payment in the event that a “change of control” of the Bank’s parent company,
First Community Bancshares, Inc. (“FCBI”), should occur after the date hereof.

Severance Payment

     If a Change of Control, as defined below, shall have occurred while you are employed by the
Bank and your employment is terminated by the Bank, or its successor, within 12 months following a
Change of Control, then the Bank and/or its successor shall pay to you a cash severance amount
equal to your annual base salary as in effect immediately prior to the date of termination
(“Severance Pay”). Such Severance Pay shall be paid within five business days after the date of
termination.

Non Competition

     In consideration of the foregoing, you covenant and agree that, while you are employed by the
Bank and for one year after you cease to be employed by the Bank, you shall not, directly or
indirectly, manage, operate or control, any Competing Business, as defined below, or, directly or
indirectly, induce or influence any customer or other person that has a business relationship with
the Bank, or any affiliate of the Bank, to discontinue or reduce the extent of such relationship.
For purposes of this agreement, you shall be deemed directly or indirectly interested in a business
if you are engaged or interested in that business as a stockholder, director, officer, or
executive, agent, partner, individual proprietor, consultant, advisor or otherwise, but not if your
interest is limited solely to the ownership of not more than 5% of the securities of any class of
equity securities of a corporation or other person whose shares are listed or admitted to trade on
a national securities exchange or are quoted on Nasdaq or a similar means if Nasdaq is no longer
providing such information.

     While you are employed by the Bank and for one year after you cease to be employed by the
Bank, you shall not, directly or indirectly, solicit to employ for yourself or others any employee
of the Bank or any affiliate of the Bank as of the date of the termination of your employment with
the Bank, or to solicit any such employee to leave such employee’s employment or join the employee
of another, then or at a later time.

Confidential Information

     You acknowledge and agree that by virtue of your position and involvement with the business
and affairs of the Bank, you will develop substantial expertise and knowledge with respect to all
aspects of the Banks’ business, affairs and operations and will have access to all significant
aspects of the business and operations of the Bank and to Confidential and Proprietary Information,
as defined below.

     You agree that, during the term of employment and thereafter, unless otherwise authorized by
the Bank in writing, you shall not, directly or indirectly, under any circumstance: (i) disclose
to any other person or entity (other than in the regular course of business of the Bank) any
Confidential and Proprietary Information, other than pursuant to applicable law, regulation or
subpoena or with the prior written consent of the Bank; (ii) act or fail to act so as to impair the
confidential or proprietary nature of any Confidential and Proprietary Information; (iii) use any
Confidential and Proprietary Information other than for the sole and exclusive benefit of the Bank;
or (iv) offer or agree to, or cause or assist in the inception or continuation of, any such
disclosure, impairment or use of any Confidential and Proprietary Information. Following your term
of employment, you shall return all documents, records and other items containing any Confidential
and Proprietary Information to the Bank (regardless of the medium in which maintained or stored).

     The parties agree that nothing in this agreement shall be construed to limit or negate the
common law of torts, confidentiality, trade secrets, fiduciary duty and obligations where such laws
provide the Bank with any broader, further or other remedy or protection than those provided
herein.

     Because the breach of any of the provisions of this agreement will result in immediate and
irreparable injury to the Bank for which the Bank will not have an adequate remedy at law, the Bank
shall be entitled, in addition to all other rights

 

 

and remedies, to seek a degree of specific performance of the restrictive covenants contained in
this agreement and to a temporary and permanent injunction enjoining such breach, without posting
bond or furnishing similar security.

Definitions

     The following words and terms shall have the meanings set forth below for the purposes of this
agreement:

     Change in Control. “Change in Control” shall mean the occurrence of any of the following
events subsequent to the date of this agreement: (i) the acquisition of control of FCBI or the
Bank as defined in the Change in Bank Control Act of 1978, as amended, 12 U.S.C. § 1842(3), or any
successor to such sections; (ii) an event that would be required to be reported in response to Item
1(a) of Form 8-K or Item 6(e) of Schedule 14A of Regulation 14A pursuant to the Securities Exchange
Act of 1934, as amended (“Exchange Act”), or any successor thereto, whether or not any class of
securities of FCBI is registered under the Exchange Act; (iii) any “person” (as such term is used
in Sections 13(d) and 14(d) of the Exchange Act), other than a trustee or other fiduciary holding
securities under an employee benefit plan of FCBI, is or becomes the “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of FCBI representing
30% or more of the combined voting power of FCBI’s then outstanding securities; (iv) the sale or
other disposition of all or substantially all of the assets of FCBI or the transfer by FCBI of
greater than 30% of the voting securities of FCBI.

     Competing Business. Competing Business shall mean any business, enterprise or other entity
that as one of its businesses or activities, is engaged in the business of banking (including,
without limitation, the acceptance of deposits and the making of loans) or a permitted non-banking
activity in which the Bank is directly or indirectly engaged within the counties of Washington,
Tazewell, Wythe, Bland and Henrico and the City of Richmond in Virginia, Mercer Raleigh and Wyoming
Counties in West Virginia, Forsyth County in North Carolina, and Washington and Sullivan Counties
in Tennessee.

     Confidential and Proprietary Information. Confidential and Proprietary Information shall
mean any and all (i) confidential or proprietary information or material not in the public domain
about or relating to the business, operations, assets or financial condition of the Bank or any
affiliate of the Bank or any of the Banks’ or any such affiliate’s trade secrets; and (ii)
information, documentation or material not in the public domain by virtue of any action by or on
the part of you, the knowledge of which gives or may give the Bank or any affiliate of the Bank an
advantage over any person not possessing such information. For purposes hereof, the term
Confidential and Proprietary Information shall not include any information or material (i) that is
known to the general public other than due to a breach of this agreement by you or (ii) was
disclosed to you by a person who you did not reasonably believe was bound to a confidentiality or
similar agreement with the Bank or the Corporation.

Amendment; Waiver; Assignability

     No provisions of this agreement may be modified, waived or discharged unless such waiver,
modification or discharge is agreed to in writing and signed by you and such officer or officers as
may be specifically designated by the Board of Directors of the Bank to sign on its behalf. No
waiver by any party hereto at any time of any breach by any other party hereto of, or compliance
with, any condition or provision of this agreement to be performed by such other party shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. You may not assign or transfer this agreement or any rights or obligations
hereunder.

	 	 	 	 	 
	 	FIRST COMMUNITY BANK, N. A.

 	 
	 	/s/ John M. Mendez
 	 
	 	John M. Mendez 	 
	 	Executive Vice President 	 
	 

	 	 	 
	ACCEPTED BY:

	 	 
	 
	 	 
	/s/ Mark A. Wendel
	 	 
	 	 	 
	Mark A. Wendel
	 	 

Date: November 3, 2005

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