Document:

exv10wt

Exhibit (10)t.

March 29, 2010

Mr. Hal N. Pennington

Dear Hal:

This letter will memorialize our agreement (the “Agreement”) with respect to your employment by
Genesco Inc. (“Genesco”).

	1.	 	Chairman. You will continue in the office of chairman of Genesco
until April 1, 2010 (the “Transition Date”). Effective on the Transition Date, you will
resign that office.
	 
	2.	 	Employee Consultant. Effective from the Transition Date until the
“Termination Date” (as defined herein), you will continue to be employed by Genesco as a
consultant to the board of directors and chief executive officer. The “Termination Date” for
purposes of this Agreement means the date on which your employment by Genesco pursuant to this
Agreement ends, and will be the earliest of (i) March 31, 2011, (ii) the date of your
voluntary resignation or death, or (iii) the date of your termination for “Cause” (as defined
herein). Genesco may terminate your employment for “Cause,” which for purposes of this
Agreement means an act of dishonesty or gross misconduct which results or is intended to
result in material damage to Genesco’s business or reputation.
	 
	3.	 	Duties. Prior to the Transition Date, you will continue to perform
the duties of the office of chairman in substantially the same manner as you have been
accustomed to perform them. From and after the Transition Date, you will be reasonably
available to consult with the chief executive officer or members of the board of directors on
matters within your expertise, including matters of corporate governance and strategy, and to
perform such related duties as they may reasonably request. You will devote such time and
effort as may be reasonably necessary to discharge such responsibilities.
	 
	4.	 	Compensation and Benefits.

	 	(a)	 	Base Salary. Until the Transition Date, your
current base salary of $18,750.00 per month will remain in effect. After the
Transition Date until the Termination Date, Genesco will pay you a base salary of
$8,333.33 per month.

 

 

Mr. Hal Pennington

March 29, 2010

Page 2

	 	(b)	 	Benefits and Programs. Until the Termination
Date, you will remain eligible to participant in all employee benefit, insurance, and
compensation plans and programs for which you are eligible on the date of this
Agreement, except that you will not participate in the Company’s annual incentive
(EVA) plan for fiscal year 2011 or fiscal year 2012, and you will not receive a grant
of stock options, restricted stock, or other stock-based compensation during either
of those fiscal years. The termination of your employment on the Termination Date
shall be considered normal retirement under the Company’s retirement policy for
purposes of all employee benefit, insurance, and compensation plans and programs in
which you are a participant.
	 
	 	(c)	 	Employment Protection Agreement. The Employment
Protection Agreement (the “EPA”) between you and the Company dated as of April 24,
2002, as such agreement may be amended, shall remain in effect until the Termination
Date. If the “Effective Date” as defined in the EPA occurs between the Transition
Date and the Termination Date, however, the express provisions of this Agreement shall
control in the event of a conflict with Sections 3, 4, 5(b) or 5(c) of the EPA.

	5.	 	Applicable Law. This Agreement will be governed by and construed
in accordance with the laws of the State of Tennessee, without reference to conflict of laws
principles.

Please indicate your concurrence with the provisions of this Agreement by signing it in the space
indicated below.

	 	 	 	 	 
	 	GENESCO INC.

 	 
	 	By  	/s/ Robert J. Dennis
 	 
	 	 	Robert J. Dennis 	 
	 	 	President and Chief Executive Officer 	 

Confirmed and agreed:

	 	 	 	 	 
	 	 	 
	/s/ Hal N. Pennington
 	 	 
	Hal N. Pennington 	 	 
	 	 	 

Date: March 29, 2010Exhibit 10.10

Exhibit
10.10

***Confidential Treatment Requested. Confidential portions of this document have been redacted and
have been separately filed with the Commission.

FIRST AMENDMENT TO

MANAGEMENT AND OPERATIONAL SERVICES AGREEMENT

This First Amendment to the Management and Operational Services Agreement (“First Amendment”)
is entered into as of this 25th day of November, 2009 by and between
Western Dubuque Biodiesel, LLC (“WDB”), Renewable Energy Group, Inc. (“REG Group”), REG
Services Group, LLC (“REG Services”), and REG Marketing & Logistics Group, LLC (“REG Logistics”)
(REG Group, REG Services, and REG Logistics are hereinafter referred to as “REG”).

WHEREAS, on or about August 29, 2006, WDB and REG Group entered into a Management and
Operational Services Agreement (“MOSA”);

WHEREAS, REG Group subsequently assigned the MOSA to REG Services, which has entered into an
agreement with REG Marketing assigning to REG Marketing the obligations of REG Services to provide
certain sales, marketing and logistical services to Claimant under the MOSA;

WHEREAS, on or about June 5, 2009, REG provided written notification to WDB under paragraph 6
of the MOSA of the termination of the MOSA to be effective on August 1, 2010;

WHEREAS, WDB wishes to enter into an agreement with a contractor to market biodiesel,
glycerin, or fatty acids produced at WDB’s biodiesel diesel production facility (the “Production
Contract”); and,

NOW THEREFORE, in consideration of the following covenants, promises and undertakings, and for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties mutually agree to amend the MOSA as follows:

	 	1.	 	Handling of Production Contract.

	 	A.	 	REG shall allow WDB to produce biodiesel in fulfillment of the
Production Contract until any termination of the Production Contract. Further,
WDB will be allowed to fulfill the Production Contract after termination of the
MOSA on August 1, 2010. The parties understand that should the MOSA be extended
by the parties, the fulfillment of the Production Contract and any other
matters shall be upon new terms as the parties mutual agree.

			
	 	 	 
	First Amendment to MOSA
	 	 

Exhibit B

 

 

 

*** Confidential material redacted and filed separately with the Commission.

	 	B.	 	***, the Monthly Fee payable to REG Services under the MOSA
shall be equal to $*** produced whether in fulfillment of the Production
Contract or involving other parties. ***, the Monthly
Fee for biodiesel produced in fulfillment of the Production Contract shall be
increased to ***. The parties agree that any extension or renewal of the MOSA
shall be upon terms as mutually agreed by the parties, irrespective of the
terms or compensation as may be set out in this First Amendment.

	 	C.	 	During and with respect to WDB’s production of biodiesel in
fulfillment of the Production Contract prior to August 1, 2010, REG Services
shall only be required to fulfill such responsibilities under the MOSA as set
out under Section 2A, 2B, 2D, 2E (routine accounting activities only, including
RINs and blender’s credit support but not including order processing,
invoicing, A/R management, collections and inventory management; it is
understood that WDB will handle all aspects of order to cash and procure to pay
business processes with respect to the Production Contract), and the marketing
of glycerin. For all other production of biodiesel at WDB, REG Services shall
fulfill its responsibilities as set out under the MOSA and agreed upon between
the parties for the remainder of the term of the MOSA. REG Services’
responsibilities during any extension or renewal of the MOSA shall be as
mutually agreed between the parties.

	 	D.	 	WDB understands and agrees that REG will not be arranging for
rail cars to transport WDB’s production of biodiesel in fulfillment of the
Production Contract, as would normally be contemplated by the MOSA. ***. With
respect to future needs for rail car use, WDB shall provide written notice to
REG Services of WDB’s request to obtain rail cars pursuant to the terms below
no less than thirty (30) days prior to the beginning of each calendar month.
***. WDB agrees to pay REG the sum of $*** (prorated for use less than ***).
REG shall invoice WDB at the end of each month for such rail car rental,

			
	 	 	 
	First Amendment to MOSA
	 	 

 

 

 

*** Confidential material redacted and filed separately with the Commission.

and WDB agrees to pay in full such rental owed ***. WDB is not
obligated to use any of the rail cars. REG is not required to provide any
logistics after the loading of the rail cars provided under the terms of this
paragraph. All rail cars provided hereunder shall be picked up at and
returned to the Farley, Iowa, WDB biodiesel production facility trackage
(unless otherwise directed by REG), and all such returned rail cars shall be
in the same condition as delivered to WDB.

	 	2.	 	Counterpart Signatures. This First Amendment may be executed in counterpart originals, and
the counterpart originals together shall constitute the original of this First Amendment.
Facsimile or PDF copy signatures shall be treated as original signatures for this purpose.

	 	3.	 	Amendment. Except as expressly modified by this First Amendment, all terms of the MOSA remain
in full force and effect until the MOSA terminates on August 1, 2010.

[The rest of this page is intentionally left blank — Signature pages follow]

			
	 	 	 
	First Amendment to MOSA
	 	 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed as
of the date and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	Western Dubuque Biodiesel, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Bruce Klostermann	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Vice Chairman	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Date: 11-25-09	 	 

			
	 	 	 
	First Amendment to MOSA
	 	 

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed as
of the date and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	Renewable Energy Group, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By	 	/s/ Daniel Oh	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Date: 11/25/09	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	REG Services Group, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By	 	/s/ Daniel Oh	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Date: 11/25/09	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	REG Marketing & Logistics Group, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By	 	/s/ Daniel Oh	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Date: 11/25/09	 	 

			
	 	 	 
	First Amendment to MOSA

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]