Document:

Agreement dated December 24, 2004

 Exhibit 10.1 
  
 AGREEMENT 
  
 THIS AGREEMENT (“Agreement”) is between David G. Remington (“Mr. Remington”) and Itron, Inc. (“Itron”). 
  
 Recitals 
  

	 	A.	Mr. Remington has been employed by Itron as its Chief Financial Officer since 1996. 

  

	 	B.	Mr. Remington will retire from his CFO position with Itron on December 31, 2004. 

  

	 	C.	At Itron’s request, Mr. Remington will be reasonably available to provide certain services to Itron, first as a part-time employee and then as a consultant consistent with his
other obligations. 

  

	 	D.	Mr. Remington and Itron wish to enter into an agreement under which Itron will provide consideration for Mr. Remington’s continuing service consistent with his other
obligations and define their ongoing relationship. 

  
 NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises contained below, Itron and Mr. Remington agree as follows: 
  
 Agreement 
  

	A.	Termination of full time employment, option vesting and certain benefits 

  

	 	1.	Effective at the close of business on December 31, 2004, Mr. Remington will retire from full time employment with Itron as its CFO, and he will become a part-time employee.

  

	 	2.	Mr. Remington will receive salary and benefits at his current level until December 31, 2004. 

  

	 	3.	Itron will pay Mr. Remington a lump sum bonus of $275,000 in January, 2005. 

  

	 	4.	Mr. Remington’s existing grants of stock options under the 1989 Restated Stock Option Plan as amended and restated on February 3, 1997 and the 2000 Stock Option Plan (the
“Plans”) will continue to vest until the end of his part time employment and be exercisable strictly in accordance with the Plans and the schedule set forth for each option in the applicable stock option letter with no modifications
whatsoever to the Plans or schedules. He will not receive any additional option grants. 

  

	 	6.	Itron will pay Mr. Remington’s COBRA payments through June 30, 2006. These payments will be paid whether or not Mr. Remington provides the part-time services described in
Section B. 

  

	 	7.	Monies in Mr. Remington’s account under the Itron deferred compensation plan will be treated strictly in accordance with the plan. 

  

	 	8.	Monies in Mr. Remington’s Itron 401(k) plan and future contributions to the plan will be treated strictly in accordance with the plan. 

  

	 	9.	Mr. Remington will be responsible for any federal or state taxes or other required deductions or obligations that he incurs as a result of the provision of anything to him by Itron
under this Agreement. All amounts paid and benefits provided to Mr. Remington under this Agreement will be subject to required tax and other deductions. 

	B.	Continued Service to Itron 

  

	 	10.	For the period beginning January 1, 2005 and ending December 31, 2006, Mr. Remington will be employed by Itron as a part-time employee as follows: 

  
 (a) He will assist Itron’s CEO and CFO. 
  
 (b) His duties will be those described on Attachment A as
reasonably requested by Itron’s CEO or CFO and as otherwise mutually agreed. 
  
 (c) He will be reasonably available to provide each month during this period and in a manner consistent with his assignments and other
professional obligations forty hours of work on behalf of Itron. However, Mr. Remington will not work for more than thirty hours in any single week during such period without prior approval from Itron’s CEO or CFO. 
  
 (d) His monthly base compensation for being available for
forty hours per month will be $6,731 paid in accordance with Itron’s payroll polices. 
  
 (e) For each hour of service in excess of forty hours per month, Mr. Remington will be paid $150 per hour. He will submit to Itron an
appropriate time sheet reflecting such hours within ten business days of the end of the month during which such hours were incurred. Itron will pay Mr. Remington for hours in excess of forty hours per month within thirty calendar day from receipt of
an appropriate time sheet. 
  
 (f) He will not
receive any Itron benefits as a part-time employee other than those specifically provided in this Agreement. 
  
 (g) Itron will provide Mr. Remington with office space or other support that Mr. Remington reasonably requests in order to provide
continued service to Itron under this section. 
  

	 	11.	For the period beginning January 1, 2007 and for 36 consecutive months thereafter, Mr. Remington will be retained as a consultant to Itron: 

  
 (a) Itron will pay Mr. Remington $170 per hour and will
guarantee that the minimum number of compensable hours in each month will be 24. He will be paid for such minimum hours within ten business day from the end of such month. 
  
 (b) Assignments will be those described on Attachment A as reasonably requested by Itron’s CEO or CFO
and as otherwise mutually agreed. 
  
 (c) He will
be reasonably available to provide consulting services each month during this period and in a manner consistent with his assignments and other professional obligations. 
  
 (d) If required by Itron, Mr. Remington will execute an appropriate confidentiality agreement with Itron
reasonably acceptable to Mr. Remington relating to confidential information that he receives while a consultant to Itron. 
  

 2 

	C.	Family Health Benefits 

  

	 	12.	For 42 subsequent months after termination of COBRA benefits on June 30, 2006, Itron will reimburse Mr. Remington an annualized amount not to exceed $25,000 for the cost of a family
medical plan under one of the options described in Attachment B as selected by Mr. Remington or a similar plan. Mr. Remington will submit appropriate documentation for such reimbursement. Reimbursement will be paid to Mr. Remington within thirty
calendar days from receipt of appropriate documentation. This reimbursement will be paid whether or not Mr. Remington provides the part-time or consulting services described in Section B. 

  

	D.	Other Matters 

  

	 	13.	Mr. Remington expressly reaffirms the Itron, Inc. Employee Invention and Nondisclosure Agreement. 

  

	 	14.	Effective December 31, 2004 the Change in Control Agreement between Itron and Mr. Remington dated February 29, 1996 will terminate and thereafter become null and void.

  

	 	15.	The provisions of this Agreement are severable, and if any part of it is found to be unlawful or unenforceable, the other provisions of this Agreement shall remain fully valid and
enforceable to the maximum extent consistent with applicable law. 

  

	 	16.	This Agreement will be binding upon Itron’s successors and assigns. 

  

	 	17.	This Agreement is entered into in the State of Washington and shall be interpreted under the laws of the State of Washington without application of its conflict of laws rules. Any
disputes under this Agreement must be brought in a court of competent jurisdiction in the State of Washington. 

  

	 	18.	Mr. Remington agrees that the compensation and other benefits provided to him by Itron under this Agreement are in full consideration for all services contemplated by this
Agreement. 

  
 IN WITNESS WHEREOF,
the parties have executed this Agreement as of the dates indicated below. 
  

							
	 Itron, Inc.:
	 	 David G. Remington:

				
	 By:
	 	 /s/ LeRoy D. Nosbaum

	 	 By:
	 	 /s/ David G. Remington

	 Date:
	 	 December 24, 2004
	 	 Date:
	 	 December 24, 2004

  

 3Form of Retention Bonus Plan

 Exhibit 10.1 
  
 RETENTION BONUS PLAN 
  
 This Retention Bonus Plan (the “Plan”) is effective as of December 28, 2004, and provides certain employees (“Eligible
Employees”) of MarketWatch, Inc. (the “Company”) with retention benefits as described in the Plan and under the terms and conditions set forth in the Plan. 
  
 RECITALS 
  
 WHEREAS, the Plan has been adopted solely to provide the retention benefits set forth herein to certain Eligible Employees whose employment is terminated
without Cause or who resign for Good Reason (each as defined below) in connection with the acquisition of the Company by Dow Jones & Company, Inc. (the “Acquisition”) contemplated by the Agreement and Plan of Merger entered into
as of November 14, 2004 by the Company, Dow Jones & Company, Inc. and Golden Acquisition Corp. (the “Merger Agreement”); and 
  
 WHEREAS, the Plan will automatically terminate effective as of the first anniversary of the Closing Date (as such term is defined in the Merger
Agreement). 
  
 1. Eligibility. In order for an employee to be considered
an “Eligible Employee” under the Plan, and therefore entitled to retention benefits as specified under the Plan, he or she must satisfy the following requirements: 
  
 a. Participation in the Plan shall be limited to the employees of the Company listed on Schedule A attached hereto.

  
 b. The employee must be a regular full-time or regular
part-time employee of the Company on the Closing Date. 
  
 c. The
employee must be terminated without “Cause” or have resigned for “Good Reason” within one year after the Closing Date. For purposes of this Plan, “Cause” shall be limited to: 
  
 i. The willful failure to substantially perform his or her
duties, other than a failure resulting from his or her complete or partial incapacity due to physical or mental illness or impairment, which failure is not cured within thirty days after written notice from the Company; 
  
 ii. A material and willful violation of a federal or state
law or regulation applicable to the business of the Company or that adversely affects the image of the Company; 
  
 iii. Commission of a willful act that constitutes gross misconduct and is injurious to the Company; 

 iv. A willful act of dishonesty, fraud or embezzlement in connection with his or her
duties to the Company; or 
  
 v. Conviction of a
felony. 
  
 For purposes of this Plan, “Good Reason”
shall mean any of the following events: 
  
 i. A
reduction in the employee’s cash compensation, without the employee’s consent; or 
  
 ii. A relocation of the employee’s principal place of employment by more than fifty miles without the employee’s consent.

  
 2. The Retention Benefit. Each Eligible Employee shall be eligible to
receive as a retention benefit (the “Retention Benefit”) an amount that shall be set forth in a Notice of Retention Benefit, a copy of which shall be provided to the Eligible Employee within thirty (30) days of the adoption of this
Plan. The maximum aggregate Retention Benefit available to all Eligible Employees shall not exceed a total of $1,000,000. Any provisions of this Plan to the contrary notwithstanding, no amount payable to an Eligible Employee under this Plan shall
exceed two times the annual compensation received by such Eligible Employee from the Company during the 12-month period preceding his or her date of termination or resignation, or which would have been so paid at the Eligible Employee’s
annualized rate of compensation if such Eligible Employee had worked for the Company for the 12-month period preceding his or her date of termination or resignation. 
  
 3. Payment of the Retention Benefit. The Retention Benefit will be paid to each Eligible Employee in a lump sum payment, less
withholding for all applicable federal, state and local taxes, on such employee’s last day of employment. 
  
 4. Amendment of the Plan. The Company has the right to amend any provision of the Plan at any time and for any reason. No amendment made after the Closing Date will affect an Eligible Employee’s right to
any unpaid benefit if the Eligible Employee’s employment is terminated without Cause or the Eligible Employee resigns for Good Reason prior to the date of such amendment. Furthermore, neither the Company nor any affiliates or successors of the
Company shall have the right to amend or terminate the Plan on or following the Closing Date if the effect of such amendment or termination would be to reduce any Retention Benefits that would otherwise be payable under the Plan. 
  
 5. General Provisions 
  
 a. Non-Exclusive Benefits. The benefits described herein are in addition to and shall not have the effect of reducing
any other benefits to which an Eligible Employee is or would be, at the time of termination of such Eligible Employee’s employment without Cause or resignation for Good Reason, entitled from the Company, Dow Jones & Company, Inc. or any of
their affiliates or successors in the absence of the benefits hereunder. 
  
 b. Benefits Not Contingent Upon Retirement. No right to the Retention Benefits payable under the Plan shall depend (or be deemed to depend) upon whether an Eligible Employee is or is not eligible to retire
under the terms of any pension or other retirement plan maintained by the Company, Dow Jones & Company, Inc. or any of their affiliates or successors. 

 c. No Alienation of Benefits. No Retention Benefits payable under the Plan shall be subject to
assignment, pledge or other alienation, and any attempt to do so shall be void. 
  
 d. Applicable Law. The Plan and the Notices of Retention Benefits delivered pursuant to the Plan shall be governed by, and construed in accordance with the laws of the State of California. 
  
 e. Severability. The invalidity or unenforceability of any provision
of the Plan shall not affect the validity or enforceability of any other provision of the Plan. 
  
 f. Exclusive Source of Rights. This Plan document together with the Notices of Retention Benefits set forth all of the terms and conditions of the
Plan, and no employee may rely on any other communication or representation by the Company or any other employee as creating any right or obligation not expressly set forth in the Plan or the Notices of Retention Benefits. 
  
 g. No Rights Created or Accrued. Nothing in the Plan shall be
construed as giving any employee the right to receive any benefit other than the Retention Benefits provided under the terms of the Plan. In addition, nothing in the Plan shall be construed to limit in any manner the right of the Company to
discharge, demote, downgrade, transfer, relocate or in any other manner treat or deal with any employee, without regard to the effect such treatment may have on such person under, or with respect to, the Plan. No part of an Eligible Employee’s
Retention Benefits shall be deemed to accrue, and no Eligible Employee’s right to Retention Benefits shall be deemed to vest, prior to the date the Eligible Employee ceases to be an employee of the Company. 
  
 h. No Set-Off. None of the Company, Dow Jones & Company, Inc. or
any of their affiliates or successors shall have the right to withhold (other than withholding for applicable federal, state and local taxes) or set off any amount due hereunder to an Eligible Employee against any amount such Eligible Employee may
owe to the Company, Dow Jones & Company, Inc. or any of their affiliates or successors. 
  
 The Company has caused this Plan to be executed by a duly authorized officer. 
  

			
	 MARKETWATCH, INC.

		
	 By:
	 	 /s/ Kathy Yates

	 	 	 Kathy Yates, President and COO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00076-of-00352.parquet"}]]