Document:

Exhibit 10.24 c

 Exhibit 10.24(c) 
 Employee Stock Ownership Plan 
 of People’s United Financial, Inc. 

Amendment No. 3 
 People’s United Financial, Inc. (the “Company”) hereby amends the Employee Stock Ownership Plan of People’s United Financial, Inc. (the “Plan”) pursuant to its power to do so as provided in Sections 17.1 and
17.2 of the Plan as hereinafter set forth. 
  

	 	1.	The last sentence of Subsection 13.7(a) is amended to read as follows effective as of January 1, 2007: 

 “However, such portion may be transferred only to an individual retirement account or annuity described in Section 408(a) of the
Code, or to a qualified defined contribution or defined benefit plan as described in Sections 401(a) or 403(a) of the Code or to a tax sheltered annuity described in Section 403(b) of the Code; provided however that such plan or tax sheltered
annuity agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible.”

  

	 	2.	Subsection 13.7(b) is amended effective as of January 1, 2008 to insert in the first sentence thereof the phrase “effective as of January 1, 2008, Roth
IRA as described in Section 408A of the Code and through December 31, 2009, subject to Section 408A(e)(3)(B) of the Code,” after the phrase “described in Section 408(b) of the Code,”. 

  

	 	3.	Subsection 13.7(c) is amended by adding to the end thereof the following effective as of January 1, 2009: 

 “Effective for distributions made on or after January 1, 2009 a deceased employee’s surviving non-spouse Beneficiary is a
distributee with regard to the interest of such Beneficiary.” 
  

	 	4.	Subsection 13.7(d) is amended by adding to the end thereof the following effective as of January 1, 2009: 

 “Notwithstanding the previous sentence, a non-spouse Beneficiary distributee is limited to electing to rollover an eligible rollover
distribution as described in Subsection 13.7(a) to an individual retirement account established on behalf of such Beneficiary that is treated as an inherited individual retirement account pursuant to Section 402(c)(11) of the Code.”

 Exhibit 10.24(c) 
  

	 	5.	Section 20.17 is amended to read in its entirety as follows effective as of January 1, 2009, except as otherwise noted below: 

 “Section 20.17 Special Rules for Military Service” 
  

	 	(a)	Notwithstanding any provisions of this Plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in
accordance with Section 414(u) of the Code. 

  

	 	(b)	Without limiting the generality of Subsection (a) of this section, the Beneficiary (or Beneficiaries) of a Participant who dies while performing qualified military
service is (or are) entitled to any additional benefits (other than benefit accruals relating to the period of qualified military service) provided under the Plan had the Participant resumed employment and then terminated employment due to his or
her death. This provision shall apply with respect to deaths occurring on or after January 1, 2007. 

  

	 	(c)	The term ‘qualified military service’ means military service as that term is used in Section 414(u)(5) of the Code.” 

  

	 	6.	The amendments made hereby shall become effective as set forth herein, subject to the provisions of this paragraph. The Plan as amended may be submitted to the Internal
Revenue Service (the “IRS”) with a request for a written ruling to the effect that the provisions as set forth herein will result in the Plan continuing to be a qualified plan as set forth in the provisions of Section 401 of the
Internal Revenue Code of 1986, as it may from time to time be amended. To the extent that any provisions contained in such amendments would contain any provisions which would adversely affect such qualified status in the opinion of the IRS, such
provisions, subject to the last sentence of this paragraph, shall become null and void. Further, the Plan shall be subject as of the applicable effective date set forth herein to all provisions of any further amendments so made in response to any
suggestions, comments or requests by any personnel of the IRS in connection with the requests described in this paragraph. Notwithstanding the foregoing, in the event that any action for declaratory judgment is instituted in the Tax Court in
connection with any refusal or failure to issue such written determination by the IRS or any adverse action with respect to such request, the putting into effect of any such amendment shall be further postponed, but all amendments shall be made in
accordance with the decision of the Tax Court or such decision as it may be altered or changed upon further proceedings before the Tax Court or any appeal therefrom, all as of the applicable effective date indicated herein. 

 Exhibit 10.24(c) 
  

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be
effective as provided herein. 
  

			
	PEOPLE’S UNITED FINANCIAL, INC.
		
	By:	 	  

	Its:	 	President and Chief Executive Officer
		
	Date:Summary of Director Compensation

 Exhibit 10.35 
 Summary of Director Compensation 
 Set forth below is
a summary of the compensation paid by MEMC Electronic Materials, Inc. (the “Company”) to its outside directors who are not employees of the Company or any subsidiary of the Company. Directors that are also employees of the Company receive
no additional compensation for their service as a director. 
 Initial Election to the Board of Directors 
 Upon initial election to the MEMC Board of Directors, all outside directors are awarded non-qualified stock options for 10,000 shares of MEMC common stock.
These options will have a strike price equal to the market value at date of grant and vest ratably over four years. 
 Annual Compensation

 Restricted Stock Units (RSUs) 
  

	 	•	 	 Annually (as of the date of the Annual Stockholder Meeting for that year), each person whose term on the Board of Directors extends for an additional
year or who is expected to be nominated for re-election at such Annual Meeting of Stockholders, shall be awarded restricted stock units (RSUs) for shares of MEMC common stock having a value of approximately $185,000 on the date of grant (based on
the closing price of MEMC common stock on the date of grant). Each RSU shall represent the right to receive one share of MEMC common stock. The actual number of RSUs to be awarded shall be determined in increments of 100 RSUs such that the value of
the MEMC common stock underlying the RSUs is as close to $185,000 as possible. 

  

	 	•	 	 The RSUs shall vest ratably over two years. 

 Cash Compensation 
 The directors shall receive the following cash compensation:

  

	 	•	 	 An annual retainer of $50,000. 

  

	 	•	 	 An additional retainer of $50,000 for the Chairman of the Board. 

  

	 	•	 	 An additional retainer of $40,000 for the Chairman of the Audit Committee and an additional retainer of $10,000 for each other member of the Audit
Committee. 

  

	 	•	 	 An additional retainer of $20,000 for the Chairman of the Compensation Committee and an additional retainer of $5,000 for each other member of the
Compensation Committee. 

  

	 	•	 	 An additional retainer of $5,000 for the Chairman of the Nominating and Corporate Governance Committee. 

  

	 	•	 	 An additional fee of $1,000 for each Board and Committee meeting attended. 

 Reimbursable Expenses 
 All reasonable
out-of-pocket expenses incurred by a director for attending Board or Committee meetings will be reimbursed by the Company.Summary of Compensation Arrangements for Certain Named Executive Officers

 Exhibit 10.36 
 Summary of Compensation Arrangements for Certain Named Executive Officers 
 Set forth below is a summary of the compensation paid by MEMC Electronic Materials, Inc. (the “Company”) to the executive officers to be named in the Company’s 2010 annual proxy statement
who are not covered by current employment agreements, as of the date of filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 (the “Form 10-K”) and are continuing as an executive officer of the
Company in 2010. Other than Mr. Domenech, who had an employment agreement with a subsidiary of SunEdison prior to the acquisition of that company in November 2009, none of the below executive officers has an employment agreement with the
Company. Mr. Domenech’s base salary for 2010 is $400,000. Each of these executive officers is an employee at will whose compensation and employment status may be changed at any time in the discretion of the Company’s Board of
Directors. 
 Base Salaries. These executive officers receive base salaries in the amounts indicated below: 

 

				
	 Name and Position
	  	2010 Base Salary
Amount
	 Kenneth H. Hannah, Executive Vice President; President—Solar Materials
	  	$	465,000
	 Shaker Sadasivam, Executive Vice President—Semiconductors and Senior Vice President, Research and
Development
	  	$	400,000
	 Timothy C. Oliver, Senior Vice President and Chief Financial Officer
	  	$	450,000
	 Sean Hunkler, Senior Vice President, Customer Advocacy
	  	$	341,250

 The Compensation
Committee adjusts these base salaries from time to time as the Committee deems appropriate, generally annually each year in January. For 2009 and 2010, the Committee again followed this process, by reviewing and discussing the written performance
appraisal for each executive officer with the Chief Executive Officer. Given the worldwide economic climate in January 2009 and limited visibility of future Company performance for 2009 due to this climate, however, the Committee determined that no
increase in the executive officers’ base salaries would be made at that time. In January 2010, the Committee determined that in light of the continuing economic downtown and conservative expectations for the Company’s performance in 2010,
only one executive officer, Sean Hunkler, would receive an increase in base salary for 2010. Two officers, Mr. Hannah and Mr. Sadasivam, received increases in base salary in connection with their October 2009 promotions from Senior Vice
President to Executive Vice President. 
 Incentive Awards. These executive officers are also eligible to participate in
the Company’s incentive compensation plans as provided in the terms of such plans, including the Company’s short term incentive awards plan (which provides for cash incentive awards) and the Company’s long-term incentive awards plan
(e.g., the Company’s 2001 Equity Incentive Plan). Such plans, and any forms of awards thereunder providing for material terms, are included as exhibits to the Form 10-K as appropriate. 
 Pension Plan. These executive officers are also eligible to participate in the Company Pension Plan on the same terms as the
Company’s other covered employees. Because all the other executives named above commenced employment with MEMC after December 31, 2001, only Mr. Sadasivam is covered by the MEMC Pension Plan. 
 Relocation Payments. From time to time the Company makes payments to executive officers to cover relocation expenses.

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