Document:

VeraSun Energy Corporation Senior Management Retention Plan

 Exhibit 10.1 
 VeraSun Energy Corporation 
 Senior Management Retention Plan 
 1. General Purpose of the Plan. This Senior Management Retention Plan (this “Plan”) is for the benefit of certain management employees of
VeraSun Energy Corporation, a South Dakota corporation, or a subsidiary of VeraSun Energy Corporation (collectively, the “Company”), and has been established by the Company to reinforce and encourage the continued attention and dedication
of members of the Company’s management team to their assigned duties without distraction in the face of potentially disruptive circumstances arising from the possibility of a Change in Control (as defined on Attachment A hereto) on or prior the
third anniversary of the date (the “Effective Date”) this Plan is adopted by the Compensation Committee of the Board of Directors of the Company (the “Committee”). 
 2. Administration. This Plan will be administered by the Committee. The Committee shall have the authority and discretion, subject to the terms of this Plan, to interpret and make all necessary
determinations under this Plan. 
 3. Determination of Participants. The participants in the Plan shall be the executive officers of the
Company and such other key employees, as selected by the Chief Executive Officer, that are, in each case, employees of the Company as of the Effective Date. Each employee that is selected to be a participant in the Plan will receive a written notice
from the Company regarding his or her participation in the Plan. Upon a Change in Control, each participant that is either (a) employed by the Company at the time of the Change in Control or (b) for those employees that have entered into a
Change in Control Agreement with the Company or any subsidiary of the Company, employed by the Company at the time of the Change in Control or eligible to receive the Severance Benefit or Severance Payments (as such terms are defined in the Change
in Control Agreements) pursuant to such Change in Control Agreement (each, an “Eligible Participant”) will receive a payment from the Company calculated in the manner provided in Section 4. 
 4. Determination of Payment Amount. The amount to be paid by the Company to Eligible Participants pursuant to the Plan shall equal the Eligible
Participant’s “Net Payment Amount.” The Net Payment Amount shall equal the Eligible Participant’s “Expected Gain” minus the Eligible Participant’s “Realized Gain,” if
any (as each such terms are defined below). 

 (a) Expected Gain. An Eligible Participant’s “Expected Gain” shall equal the
sum of the “Expected Option Gain” and the “Expected Stock Gain” (as such terms are defined below). 
 (i)
Expected Option Gain. For stock option award agreements (whether unvested, partially vested or fully vested) that were granted to the Eligible Participant prior to the Effective Date and provide the Eligible Participant the right to purchase
shares of the Company’s common stock (the “Eligible Option Grants”), the “Expected Option Gain” shall equal to the sum of the Black-Scholes or other fair value of each stock option granted pursuant to the
Eligible Option Grant calculated as of the grant date, respectively, and as reflected in the financial statements of the Company at the time of the grant, or, if no grant date fair value was required to be reflected in such financial statements, the
grant date fair value which would have been recognized in respect of such option using the assumptions utilized to determine such value in the financial statements of the Company issued most recently prior to the Effective Date. 
 (ii) Expected Stock Gain. For restricted stock award agreements (whether unvested, partially vested or fully vested) that were granted pursuant to
the Eligible Participant prior to the Effective Date (the “Eligible Stock Grants”), “Expected Stock Gain” shall equal the product of the (x) the number of shares granted to the Eligible Participant
pursuant to Eligible Stock Grants times (y) the price per share of the Company’s common stock on the date of each such Eligible Stock Grant, based on closing price of the Company’s common stock on such date. 
 (b) Realized Gain. An Eligible Participant’s “Realized Gain” shall equal the sum of the “Realized Option
Gain” and the “Realized Stock Gain” (as such terms are defined below). 
 (i) Realized Option Gain. For each
stock option (whether unvested, partially vested or fully vested) granted pursuant to the Eligible Option Grants, the “Realized Option Gain” shall equal the sum of positive difference(s), if any, between (x) the
“Change in Control Price” (as defined below) minus (y) the exercise price of each stock option granted pursuant to the Eligible Option Grants. 
 (ii) Realized Stock Gain. For each share of restricted stock (whether unvested, partially vested or fully vested) granted pursuant Eligible Stock
Grants, the “Realized Stock Gain” shall equal the product of (x) the number of shares granted to the Eligible Participant pursuant to Eligible Stock Grants times (y) the Change in Control Price. 

The “Change in Control Price” shall be determined by the Committee based on the market value of the cash and/or other consideration received
by Company’s shareholders in connection with the Change in Control or, if the Committee is not 

  

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able to establish a Change in Control Price based on the market value of the cash and/or other consideration received by the Company’s shareholders, the
Change in Control Price shall be determined in good faith by the Committee. The Committee’s determination shall be final. 
 5. Timing of
Payment. The Net Payment Amount, if any, payable to Eligible Participants pursuant to this Plan will be paid by the Company to such Eligible Participants within five (5) days following the occurrence of a Change in Control.

 6. Parachute Tax Treatment. Notwithstanding any provision of any plan or agreement between the Company and a Participant (including,
without limitation, any “Change of Control Agreement” between a Participant and the Company); if the Participant receives any payments pursuant to the Plan and any of the payments or benefits received or to be received by such Participant,
whether pursuant to the terms of this Plan or any other plan, arrangement or agreement with the Company or its subsidiaries, (all such payments and benefits, excluding the Gross-Up Payment described below, being hereinafter referred to as the
“Total Payments”) will be subject to the excise tax imposed pursuant to Section 4999 of the Internal Revenue Code of 1986, as amended (the “Excise Tax”), the Company shall pay to the Participant an additional amount (the
“Gross-Up Payment”) such that the net amount retained by the Participant, after deduction of any Excise Tax on the Total Payments and any federal, state and local income and employment taxes and Excise Tax upon the Gross-Up Payment, shall
be equal to the Total Payments Any Gross-Up Payment shall be payable to the Participant within sixty (60) days following the imposition of the Excise Tax on the Participant. The determination of any payment due to a Participant pursuant to this
Section 6 shall be made in good faith by the Company’s independent auditor immediately prior to the Change in Control. 
 7. Company’s
Obligations. This Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any awards under this Plan. No amounts will be
payable under the Plan in respect of any Change in Control which occurs following the third anniversary of the Effective Date. The Company is not obligated to enter into a Change in Control transaction and, if no such transaction occurs on or prior
to the third anniversary of the Effective Date, the benefits provided in this Plan will be of no further force or effect. 
 8. Taxes. To the
extent required by law, the federal, state and local taxes of any kind required by law to be withheld from any payment of any kind due to the participant pursuant to the Plan shall be so withheld. It is the intention of the Company that any payments
pursuant to this Plan not result in taxation of Participants as a result of the operation of Section 409A of the Internal Revenue Code of 1986, as amended, due to the status of the payments as short-term deferrals for purposes of such section,
and the Plan shall be construed in accordance with such intention. 
  

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 9. Other Provisions. This Plan is intended to supplement, and not replace, all other existing management
incentive plans of the Company. For the avoidance of doubt, amounts paid pursuant a Participant’s individual employment agreement, Change in Control Agreement or similar agreement shall not be reduced or offset by the benefits payable to the
Participant pursuant to this Plan. Any amounts payable under this Plan will not constitute salary or compensation for the purposes of any other employee benefit plan maintained by the Company or any subsidiary. This Plan does not confer upon any
Participant any right to continue in the employ of the Company or any subsidiary. This Plan shall be governed by the laws of the State of South Dakota, without giving effect to any choice of law or conflict of law provision. 
 10. Amendment; Termination. This Plan shall terminate if a Change in Control does not occur on or prior to the third anniversary of the Effective
Date. The Committee may at any time amend this Plan, but no amendment may impair the rights (or contingent rights) of any participant without his or her consent. 
 Adopted May 9, 2008 
  

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 ATTACHMENT A 
 For
purposes of this Plan “Change in Control” shall mean the occurrence of any of the following events: 
 (i) The approval by the shareholders of the
Company of: (A) any consolidation, merger or plan of share exchange involving the Company (a “Merger”) as a result of which the holders of outstanding securities of the Company ordinarily having the right to vote for the election of
directors (“Voting Securities”) immediately prior to the Merger do not continue to hold at least fifty percent (50%) of the combined voting power of the outstanding Voting Securities of the surviving or continuing entity immediately
after the Merger, disregarding any Voting Securities issued to or retained by such holders in respect of securities of any other party to the Merger; (B) any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of all, or substantially all, the assets of the Company; (C) the adoption of any plan or proposal for the liquidation or dissolution of the Company; or (D) any issuance (in one transaction or series of related transactions)
of Voting Securities by the Company (other than for cash) representing fifty percent (50%) or more of the voting power of the Voting Securities outstanding immediately before such issuance; 
 (ii) At any time during a period of two (2) consecutive years, individuals who at the Effective Date constituted the Board of Directors of the Company
(“Incumbent Directors”) shall cease for any reason to constitute at least a majority thereof; provided, however, that the term “Incumbent Director” shall also include each new director elected during such two-year period whose
nomination or election was approved by two-thirds of the Incumbent Directors then in office; or 
 (iii) Any Person (as defined below) shall, as a result of
a tender or exchange offer, open market purchases or privately negotiated purchases from anyone other than the Company, have become the beneficial owner (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934), directly or
indirectly, of Voting Securities representing twenty percent (20%) or more of the combined voting power of the then outstanding Voting Securities. 
 “Person” shall mean and include any individual, corporation, partnership, group, association or other “person,” as such term is used in Section 14(d) of the Securities Exchange Act of 1934, other than the Company or
any employee benefit plan sponsored by the Company. 
 Notwithstanding anything in the foregoing to the contrary, unless otherwise determined by the Board of
Directors of the Company, no Change in Control shall be deemed to have occurred for purposes of this Agreement if (1) a participant acquires (other than on the same basis as all other holders of shares of Common Stock of the Company) an equity
interest in an entity that acquires the Company in a Change in 

  

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Control otherwise described under subparagraph (i)(A) above, or (2) a participant is part of a group that constitutes Person which becomes a beneficial
owner of Voting Securities in a transaction that otherwise would have resulted in a Change in Control under subparagraph (iii) above. 
  

 6Annual Cash Bonus Plan

 Exhibit 10.1 
 MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC. 
 ANNUAL CASH BONUS PLAN 
 Effective January 1, 2008 

 MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC. 
 ANNUAL CASH BONUS PLAN 
 ARTICLE I

 ESTABLISHMENT AND PURPOSE 
 1.1 Purpose. The purpose of the Plan is to enable Momentive Performance Materials Holdings Inc. (the “Company”) and its Subsidiaries to attract, retain and motivate certain key employees of the
Company and such Subsidiaries by providing cash performance awards under the Plan. 
 1.2 Effective Date. This Plan is effective for Plan
Years beginning on and after January 1, 2008. 
 ARTICLE II 
 DEFINITIONS 
 As used in this Plan the following terms have the meanings
stated. The singular includes the plural, and the masculine gender includes the feminine and neuter genders, and vice versa, as the context requires. 
 2.1 “Board” shall mean the Board of Directors of the Company. 
 2.2 “Bonus
Award” shall mean the amount payable as a bonus pursuant to Article V of the Plan. 
 2.3 “CEO” shall mean the
Chief Executive Officer of the Company. 
 2.4 “Compensation Committee” shall mean the Compensation Committee of the Board.

 2.5 “Employee” shall mean any employee of the Company and its Subsidiaries, including the CEO of the Company and
executives who report directly to the CEO. 
 2.6 “Employer” shall mean the Company and its Subsidiaries. 
 2.7 “Participant” shall mean an Employee who has been selected by the Plan Administrator for participation in the Plan for a Plan Year.

  

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 2.8 “Performance Goal” shall mean such performance goals and objectives as are
established by the Plan Administrator pursuant to Section 5.2 of the Plan. 
 2.9 “Plan Administrator” shall mean an
individual or a committee as may be appointed by the Compensation Committee or, if no such individual or committee is in office, the Compensation Committee. The initial Plan Administrator shall be a committee made up of the CEO and Human Resources
Manager of Momentive Performance Materials Inc. The Compensation Committee shall have the power to change the Plan Administrator at any time. 
 2.10 “Plan Year” shall mean the fiscal year of the Company. 
 2.11 “Subsidiary” shall mean
(i) any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company which owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the
other corporations in such chain; (ii) any corporation or trade or business (including, without limitation, a partnership or limited liability company) which is controlled fifty percent (50%) or more (whether by ownership of stock, assets
or an equivalent ownership interest) by the Company or one of its Subsidiaries; or (iii) any other entity, approved by the Plan Administrator as a Subsidiary under the Plan, in which the Company or any of its Subsidiaries has an equity or other
ownership interest. 
 ARTICLE III 
 ADMINISTRATION 
 3.1 Plan Administrator. The Plan shall be administered by the Plan Administrator.
Notwithstanding the foregoing, approval by the Compensation Committee shall be required for (i) the maximum pool available for target and maximum Bonus Awards in any Plan Year, (ii) the criteria for all Performance Goals in any Plan Year,
(iii) the Performance Goals in any Plan Year that are based on the global performance of Momentive Performance Materials Inc. and its Subsidiaries, (iv) the target and maximum Bonus Awards available for the CEO of the Company and all
executives who report directly to the CEO and (v) payment of the actual Bonus Awards for the CEO and executives who report directly to the CEO and payment of the aggregate Bonus Awards for all other Participants. 
 3.2 Powers of the Plan Administrator. Except as set forth in Section 3.1, the Plan Administrator shall have the exclusive authority and
responsibility to: (i) interpret the Plan; (ii) approve the designation of eligible Participants; (iii) set the Performance Goals for Bonus Awards within the Plan guidelines; (iv) certify attainment of Performance Goals and other
material terms; (v) reduce Awards as provided herein; (vi) authorize the payment of all benefits and expenses of the Plan as they become payable under the Plan; (vii) adopt, amend and rescind rules and regulations relating to the
Plan; and (viii) make all other determinations and take all other actions necessary or desirable 

  

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for the Plan’s administration including, without limitation, correcting any defect, supplying any omission or reconciling any inconsistency in the Plan
in the manner and to the extent it shall deem necessary to carry the Plan into effect. 
 Decisions made by the Plan Administrator shall be
made by a majority of its members. The Plan Administrator shall have exclusive and final authority in all determinations and decisions affecting Employees. All decisions of the Plan Administrator on any question concerning the interpretation and
administration of the Plan shall be final, conclusive and binding upon all Employees. The Plan Administrator may rely on information, and consider recommendations, provided by the Compensation Committee or the executive officers of the Company.

 ARTICLE IV 
 ELIGIBILITY 
 4.1 Eligibility Requirements. The Plan Administrator shall determine for each Plan Year the
Employees who shall be eligible to participate in the Plan for such Plan Year. The Plan Administrator may, in its sole discretion, condition Plan participation upon the Employee’s execution of an agreement containing restrictions on the use and
disclosure of confidential information, non-competition and non-solicitation of employees and suppliers of the Company and its subsidiaries, and such other terms and conditions as the Plan Administrator deems appropriate. 
 ARTICLE V 
 BONUS PROVISIONS

 5.1 Bonus Amounts. An Employee’s Bonus Award may be expressed, in the sole discretion of the Plan Administrator, as a
fixed dollar amount, a percentage of base pay, or an amount determined pursuant to an objective formula or standard. Establishment of a Bonus Award for any Employee for a Plan Year shall not imply or require that the same level Bonus Award be set
for any subsequent Plan Year. Except as set forth in Section 3.1, the Plan Administrator may, in its sole discretion, establish minimum, maximum and target Bonus Awards for each eligible Employee. An Employee who is hired or promoted after the
Plan Year has commenced and is selected to participate in the Plan may be eligible for a Bonus Award, determined by the Plan Administrator in its sole discretion. 
 5.2 Bonus Targets. 
 (a) A Participant’s bonus for a Plan Year shall be conditioned upon the
attainment of such Performance Goals for such Plan Year as the Plan Administrator or the Compensation Committee, as applicable, deems appropriate. Such Performance 

  

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Goals may be adjusted, in the discretion of the Plan Administrator, for changes in accounting methods, corporate transactions (including, without limitation,
dispositions and acquisitions) and other similar type events or circumstances. 
 (b) Performance Goals may be based on one or more of the
following criteria (which are intended to be illustrative and not exclusive): (i) the attainment of certain target levels of, or a percentage increase in, earnings before interest, taxes, depreciation and amortization or after-tax or pre-tax
profits of the Company including, without limitation, that attributable to continuing and/or other operations of the Company (or a Subsidiary, division, or other operational unit of the Company); (ii) the degree to which a division achieves the
contributed margin target or goal for the division; (iii) the attainment of certain target levels of, or a specified increase in, free or operational cash flow of the Company (or a Subsidiary, division, or other operational unit of the
Company); (iv) the achievement of a certain level of, reduction of, or other specified objectives with regard to limiting the level of, or increase in, all or a portion of controllable expenses or other expenses of the Company (or a Subsidiary,
division or other operational unit of the Company); (v) the attainment of certain target levels of, or a specified percentage increase in, revenues, net income or earnings before income tax of the Company (or a Subsidiary, division, or other
operational unit of the Company); (vi) the attainment of certain target levels of, or a specified increase in return on capital employed or return on invested capital of the Company (or any Subsidiary, division, or other operational unit of the
Company); and (vii) the attainment of certain target levels of, or a specified increase in, economic value added targets based on cash flow return on investment formula of the Company (any Subsidiary, division or other operational unit of the
Company. All Performance Goals based on the performance of any Subsidiary, division, or other operational unit of Momentive Performance Materials Inc. shall be consistent with applicable Performance Goals based on the global performance of Momentive
Performance Materials Inc. and its Subsidiaries, unless otherwise approved by the Compensation Committee. The Plan Administrator, or the Compensation Committee, as applicable, may, in their or its sole discretion: (i) designate additional
business criteria on which the Performance Goals may be based or (ii) adjust, modify or amend the aforementioned business criteria. 
 (c) In the event of an extraordinary event (such as a corporate transaction, change in accounting method or other similar event), the Plan Administrator, or the Compensation Committee, as applicable, may, in their or its sole discretion,
adjust the Performance Goals to the extent necessary to appropriately reflect the impact of the extraordinary event on an economic equivalent basis. 
 5.3 Plan Administrator Certification. No Employee shall receive any Bonus Award under the Plan unless the Plan Administrator has certified, by resolution or other appropriate action, that the amount thereof has
been accurately determined in accordance with the terms, conditions and limits of the Plan and that the Performance Goals established for the Plan Year have been satisfied. Notwithstanding the foregoing, it shall be the authority of the Compensation
Committee to determine that any Bonus Award to the CEO and any executive who reports directly to the CEO has been 

  

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accurately determined in accordance with the terms, conditions and limits of the Plan and that the Performance Goals established for the Plan Year with
respect to the CEO and such executives have been satisfied. 
 5.4 Time of Payment. Bonus Awards will be paid as soon as
administratively feasible after the Plan Year in which it is earned, but not before the Plan Administrator makes the certification set forth in Section 5.3. The Plan Administrator shall use its reasonable efforts to make a determination with
regard to satisfaction of the Performance Goals within one hundred and twenty (120) days after the end of each Plan Year. All Bonus Awards earned for a Plan Year shall be paid no later than December 31st of the following Plan Year.

 5.5 Form of Payment. All Bonus Awards shall be paid in cash, subject to applicable tax withholding requirements. 
 5.6 Employment Condition. No Bonus Award for a Plan Year shall be made to any Participant who is not an active employee in good standing on the
date that the Bonus Award is paid, unless otherwise determined in the discretion of the Plan Administrator. 
 ARTICLE VI 

GENERAL PROVISIONS 
 6.1
No Right to Bonus or Continued Employment. Neither the establishment of the Plan nor the provision for or payment of any amounts hereunder nor any action of the Company, the Compensation Committee or the Plan Administrator in respect of the
Plan, shall be held or construed to confer upon any person any legal right to receive, or any interest in, a bonus under the Plan, or any legal right to be continued in the employ of the Company or any Subsidiary. The Company and each Subsidiary
expressly reserve any and all rights to discharge an Employee in its sole discretion, without liability of any person, entity or governing body under the Plan or otherwise. 
 6.2 No Right to Continued Employment. The Plan is not an agreement of employment and it shall not grant any Employee any rights of employment.

 6.3 Discretion of Company, Compensation Committee and Plan Administrator. Any decision made or action taken by the Company or by
the Compensation Committee or by the Plan Administrator arising out of or in connection with the creation, amendment, construction, administration, interpretation and effect of the Plan shall be within the sole discretion of such entity and shall be
conclusive and binding upon all persons. 
 6.4 Absence of Liability. A member of the Board or a member of the Plan Administrator or
any officer of the Company shall not be liable for any act or inaction hereunder, whether of commission or omission. 
  

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 6.5 No Funding of Plan. Neither the Company nor any Subsidiary shall be required to fund or
otherwise segregate any cash or any other assets which may at any time be paid to Participants under the Plan. The Plan shall constitute an “unfunded” plan of the Company and its Subsidiaries. Neither the Company nor any Subsidiary shall,
by any provisions of the Plan, be deemed to be a trustee of any property, and any rights of any Participant or former Participant shall be limited to those of a general unsecured creditor. 
 6.6 Non-Transferability of Benefits and Interests. No benefit payable under the Plan shall be subject in any manner to anticipation, alienation,
sale, transfer, assignment, pledge, encumbrance or charge, and any such attempted action be void and no such benefit shall be in any manner liable for or subject to debts, contracts, liabilities, engagements or torts of any Participant or former
Participant. 
 6.7 Withholding. The Company and its Subsidiaries shall have the right to make such provisions as it deems necessary
or appropriate to satisfy any withholding obligations it may have under federal, state or local income or other tax laws. The Company and its Subsidiaries shall have no liability for any tax imposed on a Participant as a result of amounts paid or
payable to such Participant under the Plan. 
 6.8 Successors and Assigns. This Plan shall be binding upon the successors or assigns
of the Company. 
 6.9 Law to Govern. All questions pertaining to the construction, regulation, validity and effect of the provisions
of the Plan shall be determined in accordance with the laws of the State of New York without regard to conflict of law principles. 
 6.10
Amendment, Suspension or Termination of Plan. The Compensation Committee or the Plan Administrator may from time to time amend, suspend or terminate in whole or in part, and if suspended or terminated, may reinstate, any or all of the
provisions of the Plan. 
 6.11 Headings and Captions. The headings and captions of sections of this Plan are for convenience of
reference only and are not intended to qualify the meaning of any section. 
  

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