Document:

EX-10.85

 

Exhibit 10.85

Draft of February 23, 2006

R.H. Donnelley Corporation

Summary of Board Compensation

(Non-employee directors)

	 	 	 	 	 
	 	 	FY2006
	Board Compensation
	 	 	 	 
	Annual Retainer Fee

	 	$	40,000	 
	Additional Retainer Fee to Lead Director

	 	$	36,000	 
	Meeting Fee:
	 	 	 	 
	- in person

	 	$	1,200	 
	- telephonic

	 	$	500	 
	Committee Compensation
	 	 	 	 
	Corporate Governance Committee

Chairperson Retainer

	 	$	8,000	 
	Committee Meeting Fee

	 	$	1,200	 
	Committee Meeting Fee (Chairperson)
Compensation and Benefits Committee

	 	$	1,000	 
	Chairperson Retainer

	 	$	8,000	 
	Committee Meeting Fee

	 	$	1,200	 
	Committee Meeting Fee (Chairperson)
Audit and Finance Committee

	 	$	1,000	 
	Chairperson Retainer

	 	$	12,000	 
	Committee Meeting Fee

	 	$	1,200	 
	Committee Meeting Fee (Chairman)

	 	$	1,000	 

In addition to their cash contribution, each non-employee director will receive
1,500 deferred shares of the Company’s common stock and an option to purchase
1,500 deferred shares of the Company’s common stock on the day of each annual
stockholders meeting. All such deferred shares and option grants vest in three
equal installments as of the close of business on the day immediately preceding
the date of three annual meetings stockholders immediately following the date
of the grant, subject to accelerated vesting in the event of death, disability
or retirement at or after age 65 or a change in control of the Company.

No compensation for board service is paid to directors who are full-time
executive officers or employees of the Company.<PAGE>
                                                                   EXHIBIT 10.17

                  DESCRIPTION OF ARRANGEMENT FOR DIRECTORS FEES

The following sets forth the amount of fees payable to outside directors of S1
Corporation for their services as Directors in fiscal year 2006:

<TABLE>
<CAPTION>
EVENT                                                FEE
-----                                               -------
<S>                                                 <C>
Quarterly Retainer                                  $ 5,000
Committee Meeting Attended (Member)                 $   500
Committee Meeting Attended (Chairman)               $ 1,000
</TABLE>

Additionally, outside directors are eligible to receive stock option grants
under our 2003 Stock Option Plan. There is no prescribed method for granting
these options.<PAGE>

                                  EXHIBIT 10.15

                    AMENDMENT NO. 1 TO MASTER OPERATING LEASE

      This Amendment No. 1 to Master Operating Lease (hereinafter "Amendment No.
1) is made to that certain Master Operating Lease between NHR/OP, L.P.
("Landlord") and National HealthCare Corporation ("Tenant") dated December 29,
1997 (hereinafter "Master Lease") and is entered into effective the 1st day of
January, 2000.

      WHEREAS, pursuant to the terms of the Master Lease, Tenant has heretofore
agreed to the calculation and payment of certain Percentage Rent on the
properties covered in this Master Lease;

      WHEREAS, the payment schedule for such Percentage Rent as set forth in
Section 2.06.03 of the Master Lease has been determined to be unwieldy in
application; and

      WHEREAS, the parties have agreed to modify said Section 2.06.03 to better
facilitate the orderly administration and collection of said Percentage Rent;

      NOW, THEREFORE, IN CONSIDERATION OF THE PREMISES, the parties do hereby
amend the Master Lease by making the existing Section 2.06.03 become 2.06.03 (a)
and add the following paragraph as Section 2.06.03 (b).

            2.06.03 (b) In each month of the Lease Year, commencing in the year
      2000, Tenant shall for such month make payments of Percentage Rent monthly
      at the time of paying installments of Base Rent, which payments shall be
      equal to one-twelfth (1/12th) of the Percentage Rent determined in total
      for the preceding Lease Year. Percentage Rent so determined shall be
      considered as earned irrevocably by Landlord at the end of the 3rd, 6th,
      and 9th months of the Lease Year. For the 10th, 11th and 12th months of
      the Lease Year, Tenant shall make monthly estimated payments of Percentage
      Rent in the same amount and with the same timing as was required for the
      first through ninth months. However, by March 31 of the following Lease
      Year, Tenant shall calculate and pay Percentage Rent as described in
      Sections 2.06 through Section 2.06.02, except that a deduction shall be
      applied against the Percentage Rent so calculated. The amount of the
      deduction shall be calculated by adding the amount of the payments earned
      at the end of the 3rd, 6th and 9th months of the Lease Year to the monthly
      estimated payments for the 10th, 11th and 12th months of the Lease Year.
      The deduction may reduce the Percentage Rent earned and paid for the 10th,
      11th and 12th months to zero, but not below zero.

      All of the rest and residue of the Master Lease and the individual leases
on the Leased Properties are hereby ratified and affirmed. This is agreed to be
effective as of the 1st day of January, 2000.

             LANDLORD:          NHR/OP, L.P.

                                By:  Its General Partner, NHR/Delaware, Inc.

                                /s/ Richard F. LaRoche, Jr.
                                ----------------------------------------
                                Richard F. LaRoche, Jr., Vice President

             TENANT:            NATIONAL HEALTHCARE CORPORATION

                                /s/ Robert G. Adams
                                -----------------------------------------
                                Robert G. Adams, Senior Vice President<PAGE>

                                  EXHIBIT 10.16

                    AMENDMENT NO. 2 TO MASTER OPERATING LEASE

      This amendment NO. 2 to MASTER OPERATING Lease (this "AMENDMENT") is made
effective as of October 1, 2000, by and between NHR/OP, L.P., a Delaware limited
partnership ("LANDLORD") and National HealthCare Corporation ("TENANT"), under
the following circumstances:

      WHEREAS, Landlord and Tenant are parties to that certain Master Operating
Lease dated as of December 29, 1997, as amended by that certain Amendment No. 1
to Master Operating Lease dated as of January 1, 2000 (as amended, the "LEASE")
whereby Landlord has leased to Tenant the "Properties Leased" (as defined in the
Lease), which Properties Leased are described on Schedule A to the Lease (the
"PREMISES"); and

      WHEREAS, Tenant desires to terminate the leases for the facilities (the
"FLORIDA FACILITIES") described on Exhibit A attached hereto (the "FLORIDA
LEASES"), but Tenant will continue to guarantee the payment obligations under
the Florida Leases, as stated in the Lease, and will negotiate with the new
tenant(s) the terms of any new leases for the Florida Facilities on behalf of
Landlord.

      NOW THEREFORE, in consideration of the premises and the agreements and
covenants contained herein, Landlord and Tenant agree that the Lease is amended
and modified as follows:

      1. Landlord and Tenant acknowledge and agree that the Florida Leases are
terminated effective as of October 1, 2000; provided, however, that Tenant shall
continue to guarantee the payment obligations under the Florida Leases, as
provided in the Lease. In addition, Tenant shall negotiate on Landlord's behalf
the terms of any new lease(s) (each a "NEW LEASE") between any new tenant(s) and
Landlord for the lease of the Florida Facilities. Landlord acknowledges and
agrees that it will credit Tenant for the payment of any rent from any New Lease
for the Florida Facilities with any amounts received by Landlord in excess of
the amount guaranteed by Tenant to be paid to Tenant. Landlord and Tenant
acknowledge and agree that in the event Landlord should require Tenant to submit
payment under the Lease pursuant to its guarantee thereof, then Landlord shall
provide written notice to Tenant and Tenant shall remit such payment to Landlord
as soon as reasonably possible, but in no event to exceed ninety (90) days after
receipt of such notice and supporting documentation. At Tenant's request,
Landlord shall provide documentation reasonably satisfactory to Tenant setting
forth the amount due and evidencing that Landlord has previously attempted to
collect such amount from the New Tenant.

      2. Landlord and Tenant acknowledge and agree that in the event a New Lease
for a Florida Facility is terminated or cancelled then the Florida Lease for
that Florida Facility shall be reinstated as if never terminated between
Landlord and Tenant and shall be immediately effective upon date of the
termination or cancellation of the New Lease.

      3. Except as amended by this Amendment, the Lease is not otherwise
amended, and the Lease remains in full force and effect, as amended hereby. In
the event of a conflict between the terms of this Amendment and the terms of the
Lease, the terms of this Amendment shall control. Defined terms used in this
Amendment not defined herein shall have the meaning set forth in the Lease.

                                       1
<PAGE>

      IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of
the date first above written.

                     LANDLORD:

                     NHR/OP, L.P., A DELAWARE LIMITED PARTNERSHIP

                     By:   NHR/Delaware, Inc., its General Partner

                     By:   /s/ Richard F. LaRoche, Jr.
                           ------------------------------------------

                     Print Name:    Richard F. LaRoche, Jr.

                     Title:   Vice President and General Counsel

                     TENANT:

                     NATIONAL HEALTHCARE CORPORATION, A DELAWARE
                     CORPORATION

                     By:   /s/ Robert G. Adams
                           ------------------------------------

                     Print Name:    Robert G. Adams

                     Title:   Sr. Vice President

                                       2
<PAGE>

                                    EXHIBIT A

                          Florida Facilities and Leases

                        The Aristocrat (Naples, Florida)
              Charlotte Harbor Healthcare (Pt. Charlotte, Florida)
           The Health Center of Coconut Creek (Coconut Cree, Florida)
                  Imperial Health Care Center (Naples, Florida)
               The Health Center of Windermere (Orlando, Florida)
           The Health Center of Daytona Beach (Daytona Beach, Florida)
              The Place at Merritt Island (Merritt Island, Florida)
                      The Place at Stuart (Stuart, Florida)
                  The Place at Vero Beach (Vero Beach, Florida)

                                       3

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