Document:

SEI-EX10.22_2013.12.31-K

EXHIBIT 10.22

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

WHEREAS, Seitel, Inc., a Delaware corporation (together with its successor and assigns, the "Company") and Robert D. Monson (the "Executive") have entered in an employment agreement dated January 30, 2007 (the "Agreement"); and

WHEREAS, Executive's Base Salary on April 30, 2009 is $630,000; and

WHEREAS, effective May 1, 2009 Executive has voluntarily determined to reduce his Base Salary as in effect on  April 30, 2009 by 10% through December 31, 2009, and after December 31, 2009 his Base Salary shall return to the annual amount as in effect on April 30, 2009; and

WHEREAS, the Company and Executive acknowledge that such a voluntary reduction in Executive's Base Salary by Executive is not the occurrence of a Good Reason as defined in the Agreement; and

WHEREAS, Executive and Company acknowledge and agree that this reduction is not in exchange for any other payment or benefit; and

WHEREAS, the Company and Executive acknowledge and agree that the Company shall not be required to pay the amount of this 10% reduction in Base Salary to Executive at any time in the future.

NOW, THEREFORE, for the purposes of clarity, the Executive and Company hereby agree to add the following at the end of Section 4:

"During the calendar year 2009 for all purposes under this Agreement respecting benefits payable upon termination of employment, Executive's  Base Salary shall mean the amount of $630,000 as in effect on April 30, 2009 as previously approved by the Company (or if applicable any increase by the Company  above  such  amount)  and  shall  not  be  reduced  by  any  voluntary reduction in Base Salary by Executive."

IN WITNESS WHEREOF, the undersigned have executed this Agreement on June 2, 2009.

SEITEL, INC.
	
			
	By:
	/s/
	Marcia H. Kendrick

	Name:
	Marcia H. Kendrick

	Title:
	Senior Vice President

EXECUTIVE:
	
		
	/s/
	Robert D. Monson

	Robert D. MonsonSEI-EX10.23_2013.12.31-K

EXHIBIT 10.23

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

WHEREAS, Seitel, Inc., a Delaware corporation (together with its successor and assigns, the "Company")  and Robert D. Monson (the "Executive")  have entered in an employment agreement dated January 30, 2007 (the "Agreement"); and

WHEREAS, Executive's Base Salary on April 30, 2009 was $630,000; and

WHEREAS, effective May 1, 2009 Executive voluntarily determined to reduce his Base Salary
as in effect on April 30, 2009 by 10% through December 31, 2009; and

WHEREAS, effective January 1, 2010 Executive has voluntarily determined to continue this 10% reduction in his Base Salary through December 31, 2010 and after December 31, 2010 his Base Salary shall return to the annual amount as in effect on April 30, 2009; and

WHEREAS, the Company and the Executive acknowledge that such a voluntary reduction in Executive's Base Salary by Executive is not the occurrence of a Good Reason as defined in the Agreement; and

WHEREAS, the Executive and the Company acknowledge and agree that this reduction is not in exchange for any other payment or benefit; and

WHEREAS, the Company and the Executive acknowledge and agree that the Company shall not be required to pay the amount of this 10% reduction in Base Salary to Executive at any time in the future.

NOW, THEREFORE, for the purposes of clarity, the Executive and Company hereby agree to add the following at the end of Section 4:

"During the calendar years 2009 and 2010 for all purposes under this Agreement respecting benefits payable upon termination of employment, Executive's Base Salary shall mean the amount of $630,000 as in effect on April 30, 2009 as previously  approved by the Company (or if applicable  any increase by  the  Company  above  such  amount)  shall  not  be  reduced  by  any  voluntary reduction in Base Salary by Executive."

IN WITNESS WHEREOF, the undersigned have executed this Agreement on January 25, 2010.

SEITEL, INC.
	
			
	By:
	/s/
	Marcia H. Kendrick

	Name:
	Marcia H. Kendrick

	Title:
	Senior Vice President

EXECUTIVE:
	
		
	/s/
	Robert D. Monson

	Robert D. MonsonSEI-EX10.25_2013.12.31-K

EXHIBIT 10.25

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

WHEREAS, Seitel, Inc., a Delaware corporation (together with its successor and assigns, the "Company") and Kevin P.  Callaghan (the "Executive") have entered  in an employment agreement dated January 30, 2007 (the "Agreement"); and

WHEREAS, Executive's Base Salary on April 30, 2009 is $468,000; and

WHEREAS, effective May 1, 2009 Executive has voluntarily determined to reduce his Base Salary as in effect on April 30, 2009 by 10% through December 31, 2009, and after December 31, 2009 his Base Salary shall return to the annual amount as in effect on April 30, 2009; and

WHEREAS, the Company and Executive acknowledge that such a voluntary reduction in Executive's Base Salary by Executive is not the occurrence of a Good Reason as defined in the Agreement; and

WHEREAS, Executive and Company acknowledge and agree that this reduction is not in exchange for any other payment or benefit; and

WHEREAS, the Company and Executive acknowledge and agree that the Company shall not be required to pay the amount of this 10% reduction in Base Salary to Executive at any time in the future.

NOW, THEREFORE, for the purposes of clarity, the Executive and Company hereby agree to add the following at the end of Section 4:

"During the calendar year 2009 for all purposes under this Agreement respecting benefits payable upon termination of employment, Executive's Base Salary shall mean the amount of $468,000  as in effect on April 30,  2009 as previously approved by the Company (or if applicable any increase by the Company  above  such  amount)  and  shall  not  be  reduced  by  any  voluntary reduction in Base Salary by Executive."

IN WITNESS WHEREOF, the undersigned have executed this Agreement on June 2, 2009.

SEITEL, INC.
	
			
	By:
	/s/
	Robert D. Monson

	Name:
	Robert D. Monson

	Title:
	President & CEO

EXECUTIVE:
	
		
	/s/
	Kevin P. Callaghan

	Kevin P. CallaghanSEI-EX10.26_2013.12.31-K

EXHIBIT 10.26

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

WHEREAS, Seitel, Inc., a Delaware corporation (together with its successor and assigns, the "Company") and Kevin P. Callaghan (the "Executive") have entered in an employment agreement dated January 30, 2007 (the "Agreement");  and

WHEREAS, Executive's Base Salary on Apri130, 2009 was $468,000; and

WHEREAS, effective May 1, 2009 Executive voluntarily determined to reduce his Base Salary
as in effect on April 30, 2009 by 10% through December 31, 2009; and

WHEREAS, effective January 1, 2010 Executive has voluntarily determined to continue this 10% reduction in his Base Salary through December 31, 2010 and after December 31, 2010 his Base Salary shall return to the annual amount as in effect on April 30, 2009; and

WHEREAS, the Company and the Executive acknowledge that such a voluntary reduction  in Executive's Base Salary by Executive is not the occurrence of a Good Reason as defined in the Agreement; and

WHEREAS, the Executive and the Company acknowledge and agree that this reduction is not in exchange for any other payment or benefit; and

WHEREAS, the Company and the Executive acknowledge and agree that the Company shall not be required to pay the amount of this 10% reduction in Base Salary to Executive at any time in the future.

NOW, THEREFORE,  for the purposes of clarity, the Executive and Company hereby agree to add the following at the end of Section 4:

"During the calendar years 2009 and 2010 for all purposes under this Agreement  respecting  benefits  payable  upon termination  of employment, Executive's Base Salary shall mean the amount of $468,000  as in effect on April 30, 2009 as previously  approved by the Company (or if applicable  any increase by the  Company  above  such  amount)  shall  not  be  reduced  by  any  voluntary reduction in Base Salary by Executive."

IN WITNESS WHEREOF, the undersigned have executed this Agreement on January 25, 2010.

SEITEL, INC.
	
			
	By:
	/s/
	Marcia H. Kendrick

	Name:
	Marcia H. Kendrick

	Title:
	Senior Vice President

EXECUTIVE:
	
		
	/s/
	Kevin P. Callaghan

	Kevin P. CallaghanEXHIBIT 10.14

 

HEALTH CARE
REIT, INC.

Summary of
Director Compensation

     For each
calendar year, each non-employee member of the Board of Directors of Health
Care REIT, Inc. (the “Company”) will receive an annual retainer of $80,000,
payable in equal quarterly installments. Additionally, the chairs of the Audit
Committee, the Compensation Committee and the Nominating/Corporate Governance
Committee each will receive an additional retainer of $15,000. If the Board of
Directors holds more than four meetings in a year, each non-employee member of
the Board will receive $1,500 for each meeting attended in excess of four
meetings. With respect to the Audit, Compensation, Executive and
Nominating/Corporate Governance Committees, if any of these committees holds
more than four meetings in a year, each non-employee member of these committees
will receive $1,000 for each meeting attended in excess of four meetings.  

     Each of the
non-employee directors will receive, in each calendar year, a grant of deferred
stock units with a value of $95,000, pursuant to the Company’s Amended and
Restated 2005 Long-Term Incentive Plan. The deferred stock units will be
convertible into shares of common stock of the Company in three equal
installments on the first three anniversaries of the date of the grant.
Recipients of the deferred stock units also will be entitled to dividend
equivalent rights.EX10.31_Q4FY13

Exhibit 10.31

SELECT COMFORT CORPORATION
Summary of Non-Employee Director Compensation

February 2014

Annual Cash Retainer.  Each of our non-employee directors receives an annual cash retainer of $55,000.  The Chair of the Audit Committee receives additional compensation of $17,000 per year, and each of the members of the Audit Committee (other than the Chair) receives additional compensation of $8,500 per year.  The Chair of the Management Development and Compensation Committee receives additional compensation of $14,000 per year, and each of the members of the Management Development and Compensation Committee (other than the Chair) receives additional compensation of $7,000 per year.  The Chair of the Corporate Governance and Nominating Committee receives additional compensation of $12,000 per year, and each of the members of the Corporate Governance and Nominating Committee (other than the Chair) receives additional compensation of $6,000 per year.  The non-executive Chairman of the Board receives an additional retainer of $100,000 per year.
Meeting Fees.  Each non-employee director (other than the non-executive Chairman of the Board) receives meeting fees for Board and Committee meetings attended beyond the normal number of regular or typical meetings for the Board and each Committee in a fiscal year, including: (i) Board meeting fees of $1,000 per in-person meeting and $500 per telephonic meeting after a minimum of four Board meetings for the fiscal year, and (ii) Committee meeting fees of $750 per in-person Committee meeting and $500 per telephonic Committee meeting after a minimum of eight Audit Committee meetings and after a minimum of four meetings of each other Committee for the fiscal year.
Equity Compensation.  Coincident with the annual meeting of shareholders, non-employee directors are eligible to receive equity compensation in amounts determined by the Management Development and Compensation Committee, of which generally one-half would be paid in the form of restricted stock and one-half in stock options, based on Black-Scholes valuation, with the grants to vest on the earlier of one year from the date of grant or the date of the next annual meeting at which directors are elected to the Board, so long as the director continues to serve on our Board of Directors.  All options granted to directors have an exercise price equal to the fair market value of our common stock on the date of grant and remain exercisable for a period of up to 10 years, subject to continuous service on our Board of Directors.
Reimbursement of Expenses.  All of our directors are reimbursed for travel expenses for attending meetings of our Board or any Board committee and for attending approved director continuing education programs.
No Director Compensation for Employee Directors.  Any director who is also an employee of our company does not receive additional compensation for service as a director.

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