Document:

Form of Phantom Stock Grant Agreement for Non-Employee Directors

 EXHIBIT 10.6 
  
 FORM OF PHANTOM STOCK GRANT LETTER FOR NON-EMPLOYEE DIRECTORS 
 UNDER THE RADIAN GROUP INC. EQUITY COMPENSATION PLAN 
  
 THIS PHANTOM STOCK GRANT, dated as of
                    , is delivered by RADIAN GROUP INC., a Delaware corporation (the “Company”), to
                    , a non-employee director of the Company (the “Grantee”). 
  
 RECITALS 
  
 WHEREAS, the Radian Group Inc. Equity Compensation Plan (the “Plan”) provides for the grant of Phantom Stock to
non-employee directors of the Company, in accordance with the terms and provisions of the Plan. 
  
 NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows: 
  
 1. Grant of Phantom Stock. 
  
 Subject to the terms and conditions hereinafter set forth, the Company hereby grants to the Grantee
                     shares of phantom stock (“Phantom Stock”). The Phantom Stock shall be fully vested as of the date hereof.

  
 2. Account; Dividend Equivalents.

  
 The Company shall establish a bookkeeping account on its
records for the Grantee and shall credit the Grantee’s Phantom Stock to the bookkeeping account. 
  
 On each day on which dividends are payable with respect to shares of Common Stock of the Company (“Shares”), the Company shall credit dividend
equivalents to the Grantee’s account. The Company shall determine the amount of the dividend that would have been paid with respect to Shares equal in number to those credited to the Grantee’s account and then shall convert that dividend
amount into additional shares of Phantom Stock and credit those shares to the Grantee’s account. 

 3. Conversion of Phantom Stock. 
  
 The Phantom Stock credited to the Grantee’s account shall be
convertible into Common Stock of the Company and paid to the Grantee when the Grantee ceases to be a director of the Company (the “Conversion Date”). The Phantom Stock shall be paid in whole Shares, with fractional shares paid in cash.

  
 Within 15 days after the Conversion Date, the Company shall
deliver to the Grantee at the executive offices of the Company a certificate for whole Shares representing the Grantee’s Phantom Stock and a check for any fractional shares. The obligation of the Company to deliver Shares upon conversion of the
Phantom Stock shall be subject to all applicable laws, rules, regulations and such approvals by governmental agencies as may be deemed appropriate by the Committee, including, among other things, such steps as Company counsel shall deem necessary or
appropriate to comply with relevant securities laws and regulations. All obligations of the Company hereunder shall be subject to the rights of the Company as set forth in the Plan to withhold amounts required to be withheld for any taxes.

  
 4. Certain Corporate Changes.

  
 In the event of a change in, reclassification of, subdivision
of, split-up or spin-off with respect to, stock dividend on, or exchange of stock of the Company for outstanding Shares, the number and class of the Shares subject to the Phantom Stock grant shall be appropriately adjusted by the Committee.

  
 If the Company is consolidated or merged with another
corporation, the Grantee, at the time of issuance of Shares upon conversion of the Phantom Stock, shall be entitled to receive the same number and kind of shares, or the same amount of other property, cash or securities as the Grantee would have
been entitled to receive upon the happening of such consolidation or merger if the Grantee had been, immediately prior to such event, the holder of the number of Shares as to which the Phantom Stock is being converted, adjusted in the manner
provided in this Section; provided, that if the Company shall not be the surviving corporation, the surviving corporation shall substitute therefor a substantially equivalent number and kind of its shares of stock or other property, cash or
securities. 
  
 In the event that there is any change, other than
as specified above, in the number or kind of outstanding Shares or of any stock or other securities into which such Shares may be exchanged, or in the event of a dividend to holders of the Shares payable other than in cash or stock of the Company,
then, if the 

 
Committee, in its discretion, determines that such event equitably requires an adjustment with respect to the number, price or kind of Shares subject to the
Phantom Stock grant, such adjustment may be made and shall be final and binding. 
  
 All adjustments made by the Committee pursuant to this Section shall be subject to the approval of the Board. 
  
 5. No Stockholder Rights. 
  
 Neither the Grantee, nor any person entitled to exercise the Grantee’s rights in the event of the Grantee’s death, shall have any of the rights
and privileges of a stockholder with respect to the Shares subject to any Phantom Stock grant, except to the extent that certificates for such Shares shall have been issued upon the conversion of the Phantom Stock as provided for herein. 

 
 6. Cancellation or Amendment. 
  
 This grant may be canceled or amended by the Committee, in whole or in part,
at any time if the Committee determines, in its sole discretion, that cancellation or amendment is necessary or advisable in light of any change after the date of this grant in (i) the Internal Revenue Code of 1986, as amended (the “Code”)
or the regulations issued thereunder or (ii) any federal or state securities law or other law or regulation, which change by its term is effective retroactively to a date on or before the date of this grant, provided, however, that no such
cancellation or amendment shall, without the Grantee’s consent, apply to or affect installments that matured on or before the date on which the Committee makes such determination. 
  
 7. Notice. 
  

Any notice to the Company provided for in this instrument shall be addressed to it in care of the Secretary of the Company, 1601 Market Street,
Philadelphia, Pennsylvania 19103-2197, and any notice to the Grantee shall be addressed to such Grantee at the current address shown on the payroll of the Company or of a affiliate, or to such other address as the Grantee may designate to the
Company in writing. Any notice provided for hereunder shall be delivered by hand, sent by telecopy or telex or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage and registry fee prepaid, in a post
office or branch post office regularly maintained by the United States Postal Service. 

 8. Incorporation of Plan by Reference; Nature of Option. 
  
 This grant is made pursuant to the terms of the Radian Group Inc. Equity
Compensation Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The decisions of the Committee shall be conclusive upon any question arising hereunder. The payment of
amounts with respect to Phantom Stock is subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan as established from time to time by the Committee in accordance with the provisions of the
Plan, including, but not limited to, provisions relating to (i) rights and obligations with respect to withholding taxes, (ii) the registration, qualification or listing of Shares, (iii) capital or other changes of the Company and (iv) other
requirements of applicable law. A copy of the Plan will be furnished to each Grantee upon request. Additional copies may be obtained from the Secretary of the Company, 1601 Market Street, Philadelphia, Pennsylvania 19103-2197. 
  
 9. Governing Law. 
  
 The validity, construction, interpretation and effect of this instrument
shall exclusively be governed by, and determined in accordance with, the laws of the State of Delaware. 
  
 IN WITNESS WHEREOF, Radian Group Inc. has caused its duly authorized officer to execute and attest this instrument, and the Grantee has placed his hereon,
effective as of the date of the grant set forth above. 
  

					
	RADIAN GROUP INC.	 	 
			
	By:	 	  

	 	 
	 	 	 	 	Agreed to and Accepted By:
	 	 	 	 	  
  

	 	 	 	 	[Non-Employee Director]Retention and Incentive Bonus - Gilbert

 Exhibit 10.1 
  
 RETENTION AND INCENTIVE BONUS AGREEMENT 
  
 This RETENTION AND INCENTIVE BONUS
AGREEMENT (the “Agreement”) is entered into effective as of February 10, 2005 (the “Effective Date”), by and between Copper Mountain Networks, Inc. (the
“Company”) and Richard S. Gilbert (the “Employee”). The Company and the Employee are hereinafter collectively referred to as the “Parties”, and individually referred to as a
“Party.”  
  
 RECITALS 
  
 A. The Company desires to
retain the Employee’s experience, skills, abilities, background and knowledge and is willing to engage the Employee’s services on the terms and conditions set forth in this Agreement. 
  
 B. The Employee desires to be in the employ of the Company and is willing to accept
such employment on the terms and conditions set forth in this Agreement. 
  
 AGREEMENT 
  
 In consideration of
the foregoing Recitals and the mutual promises and covenants herein contained, and for other good and valuable consideration, the Parties, intending to be legally bound, agree as follows: 
  
 1. RETENTION AND INCENTIVE. 
  
 1.1 Retention and Incentive Payments. On the earlier of (a)
July 15, 2005; or (b) immediately upon closing of the sale of the Company, the Company will pay Employee an amount equal to three (3) months of the Employee’s base salary (as in effect on the Effective Date). If, prior to Company’s payment
of the aforementioned amount, the Company terminates the Employee’s employment without Cause (as defined below), then, upon the effectiveness of the release described in Section 1.2 below, the Company shall pay the Employee, in a single
lump-sum payment, an amount equal to three (3) months of the Employee’s base salary (as in effect on the Effective Date). In addition, immediately upon the closing of a sale of the Company, Company will pay Employee a transaction completion
bonus of $75,000. Each such payment shall be subject to standard deductions and withholdings and paid in accordance with the Company’s regular payroll policies and practices; provided, however, that if, and to the extent that, a payment
resulted directly from a reduction in force, the discontinuance of a plant or operation, or other similar conditions, then such payment shall qualify as “supplemental unemployment compensation” as defined in Section 3402(o) of the Internal
Revenue Code of 1986, and shall not be subject to the Federal Insurance Contributions Act (“FICA”) and Federal Unemployment Tax Act (“FUTA”) rules. 
  
 1.2 Release. Notwithstanding the foregoing, the Employee shall not receive the payment set forth under Section 1.1
unless, upon the Employee’s termination of employment, 
  

 1. 

 
the Employee furnishes the Company with an effective waiver and release of claims (the “Release”) in a form acceptable to the Company
and substantially as attached hereto as Exhibit A. If a majority of the Company’s Board of Directors (the “Board”) determines in good faith that the Employee has breached any provision of his Proprietary Information and
Inventions Agreement or any provision of this Agreement or the Release, the Company shall be excused from the obligation to provide any payment under Section 1.1 and the Company shall be entitled to full recovery of any payment already
provided to the Employee under Section 1.1. 
  
 1.3
Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 
  
 1.3.1 Cause. “Cause” means, with respect to Employee, misconduct, including but not limited to: (i) such Employee’s
conviction (or plea of nolo contendere) of any felony or any crime involving moral turpitude or dishonesty; (ii) such Employee’s participation in a fraud or act of dishonesty against the Company; (iii) conduct by such Employee which,
based upon a good faith and reasonable factual investigation and determination by the Board, demonstrates such Employee’s gross unfitness to serve; or (iv) such Employee’s material violation of any contract between such Employee and the
Company or any statutory duty to the Company that is not corrected within thirty (30) days after written notice to the Employee thereof. Notwithstanding the foregoing, such Employee’s Disability (as defined below) shall not constitute Cause as
set forth herein.  
  
 1.3.2 Disability.
“Disability” means the permanent and total disability of a person within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). 
  
 1.4 Parachute Payments. Anything in this Agreement to the contrary
notwithstanding, if any payment or benefit the Employee would receive from the Company pursuant to this Agreement or otherwise (“Payment”) would (i) constitute a “parachute payment” within the meaning of Section
280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to the Reduced Amount. The “Reduced
Amount” shall be either (1) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (2) the Payment or a portion thereof after payment of the applicable Excise Tax, whichever
amount after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in the Employee’s receipt, on an after-tax basis, of the
greatest amount of the Payment. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount, reduction shall occur in the order of payments the Employee elects in
writing, provided, however, that such election shall be subject to Company approval if made on or after the date on which the event that triggers the Payment occurs. The Company’s principal outside accounting firm will make all
determinations hereunder and shall provide its calculations, together with detailed supporting documentation, to the Company and the Employee within fifteen (15) calendar days after the date on which the Employee’s right to a Payment is
triggered (if requested at that time by the Company or Employee) or such other time as requested by the Company or the Employee. If the accounting firm determines that no Excise 

  

 2. 

 
Tax is payable with respect to a Payment, either before or after the application of the Reduced Amount, it shall furnish the Company and the Employee with an
opinion reasonably acceptable to the Employee that no Excise Tax will be imposed with respect to such Payment. The Company shall be entitled to rely upon the accounting firm’s determinations, which shall be final and binding on all persons.

  
 1.5 Exclusive Remedy. The rights, remedies and
payments set forth in this Section 1.5 shall be the exclusive rights, remedies and payments available to the Employee upon the Employee’s employment hereunder. Such rights remedies and payments shall supersede and replace any and all rights and
remedies under state or federal law. The Company may deduct any amounts the Employee owes the Company at the time of the Employee’s termination of employment from any payment. 
  
 2. ASSIGNMENT AND BINDING EFFECT. 
  
 This Agreement shall be binding upon and inure to the benefit of the
Employee and the Employee’s heirs, executors, personal representatives, assigns, administrators and legal representatives. Because of the unique and personal nature of the Employee’s duties under this Agreement, neither this Agreement nor
any rights or obligations under this Agreement shall be assignable by the Employee. This Agreement shall be assignable by the Company and shall be binding upon and inure to the benefit of the Company and its successors, assigns and legal
representatives. 
  
 3. CHOICE OF
LAW. 
  
 This Agreement is made and intended
to be performed primarily within the state of California. This Agreement shall be construed and interpreted in accordance with the internal laws of the state of California (without giving effect to principles of conflicts of law). 
  
 4. INTEGRATION. 
  
 Except as may otherwise be provided herein, Employee’s previous and
outstanding restricted stock awards and/or stock option awards; the Amended and Restated 1996 Equity Incentive Plan; the 2003 Officers’ Change In Control Plan; and this Agreement, including Exhibit A; contain the complete, final and
exclusive agreement of the Parties relating to the terms and conditions of the Employee’s employment and the termination of Employee’s employment, and supersedes all prior and contemporaneous oral and written employment agreements or
arrangements between the Parties. 
  
 5.
AMENDMENT. 
  
 This Agreement cannot be
amended or modified except by a written agreement signed by the Employee and an executive officer of the Company duly elected by the Board. 
  

 3. 

 6. WAIVER. 
  
 No term, covenant or condition of this Agreement or any breach thereof shall be deemed waived, except with the written
consent of the Party against whom the waiver is claimed, and any waiver or any such term, covenant, condition or breach shall not be deemed to be a waiver of any preceding or succeeding breach of the same or any other term, covenant, condition or
breach. 
  
 * * * 
  
 IN WITNESS
WHEREOF, the Parties have executed this Agreement as of the date first shown above. 
  

	
	COPPER MOUNTAIN NETWORKS, INC.
	
	 /s/ Gregory Peck

	Gregory Peck, Vice President - Finance
	
	EMPLOYEE
	
	 /s/ Richard S. Gilbert

	Richard S. Gilbert

  

 4. 

 EXHIBIT A 
  

RELEASE AND WAIVER OF CLAIMS 
  
 In consideration of the payments and other benefits set forth in the Retention and Incentive Bonus Agreement dated February 10, 2005 (the
“Agreement”), to which this form is attached, I, the undersigned, hereby furnish Copper Mountain Networks, Inc. (the “Company”), with the following release and waiver (“Release and
Waiver”): 
  
 In exchange for the consideration
provided to me by the Agreement that I am not otherwise entitled to receive, I hereby generally and completely release the Company and its directors, officers, employees, shareholders, partners, agents, attorneys, predecessors, successors, parent
and subsidiary entities, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to my signing
this Release and Waiver. This general release includes, but is not limited to: (1) all claims arising out of or in any way related to my employment with the Company or the termination of that employment; (2) all claims related to my compensation or
benefits from the Company, including, but not limited to, salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (3) all claims for
breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing; (4) all tort claims, including, but not limited to, claims for fraud, defamation, emotional distress, and discharge in violation of public
policy; and (5) all federal, state, and local statutory claims, including, but not limited to, claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended),
the federal Americans with Disabilities Act of 1990, the federal Age Discrimination in Employment Act of 1967 (as amended) (“ADEA”), and the California Fair Employment and Housing Act (as amended). 
  
 I also acknowledge that I have read and understand Section 1542 of the
California Civil Code which reads as follows: “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.” I hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to any claims I may have against the Company.

  
 I acknowledge that, among other rights, I am waiving and
releasing any rights I may have under ADEA, that this Release and Waiver is knowing and voluntary, and that the consideration given for this Release and Waiver is in addition to anything of value to which I was already entitled as an Employee of the
Company. I further acknowledge that I have been advised, as required by the Older Workers Benefit Protection Act, that: (a) the release and waiver granted herein does not relate to claims under the ADEA which may arise after this Release and Waiver
is executed; (b) I should consult with an attorney prior to executing this Release and Waiver; (c) I have twenty-one (21) days in which to consider this Release and Waiver (although I may choose voluntarily to execute this Release and Waiver
earlier); (d) I have seven (7) days following the execution of this Release and Waiver to revoke my consent to this Release and Waiver; and (e) this Release and Waiver shall not be effective until the eighth day after I execute this Release and
Waiver and the revocation period has expired (the “Effective Date”). 
  
  

 1. 

 I acknowledge and agree to my continuing obligations under my Proprietary Information and Inventions
Agreement, a copy of which is attached to the Agreement. I understand and agree that my right to the pay I am receiving in exchange for my agreement to the terms of this Release and Waiver is contingent upon my continued compliance with my
Proprietary Information and Inventions Agreement. 
  
 I represent
that I have not filed any claims against the Company, and agree that, except as such waiver may be prohibited by statute, I will not file any claim against the Company or seek any compensation for any claim other than the payments and benefits
referenced herein. I agree to indemnify and hold the Company harmless from and against any and all loss, cost, and expense, including, but not limited to court costs and attorney’s fees, arising from or in connection with any action which may
be commenced, prosecuted, or threatened by me or for my benefit, upon my initiative, or with my aid or approval, contrary to the provisions of this Release and Waiver. 
  
 This Release and Waiver, including any referenced documents, constitutes the complete, final and exclusive embodiment of the
entire agreement between the Company and me with regard to the subject matter hereof. I am not relying on any promise or representation by the Company that is not expressly stated herein. This Release and Waiver may only be modified by a writing
signed by both me and a member of the Board of Directors of the Company. 
  

					
	Date:                     	 	By:	 	  

	 	 	 	 	SIGNATURE
			
	 	 	 	 	  

 PRINT
NAME

  

 2.

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