Document:

exv10wu

EXHIBIT 10U

COGNEX CORPORATION

SUMMARY OF DIRECTOR COMPENSATION

Cognex Corporation (the “Company”) pays each Director (other than Robert J. Shillman and Patrick
A. Alias) an annual fee for his services on the Company’s Board of Directors and its committees,
plus additional amounts for participation in on-site and telephonic meetings. The amounts paid
on or after April 23, 2009 were reduced by 10% as part of the Company’s cost-cutting efforts.
As a result, each Director receives cash compensation in the amount of $6,750, plus an
additional $4,500 for each meeting attended in person before April 23, 2009 and $4,050 for each
meeting attended in person on or after April 23, 2009. Each Director receives $500 for each
meeting attended via telephone before April 23, 2009 and $450 for each meeting attended via
telephone on or after April 23, 2009. Each Director who serves on the Compensation/Stock Option
Committee of the Company’s Board of Directors receives an annual fee of $2,000, plus $500 for
each meeting attended before April 23, 2009 and $450 for each meeting attended on or after April
23, 2009 if the meeting is on a day other than that of a Board meeting. Each Director who
serves on the Audit Committee of the Company’s Board of Directors receives an annual fee of
$4,500. The Chairman of the Audit Committee receives an additional fee of $3,000 for the year.
Each Audit Committee member receives an additional $500 for each telephonic meeting attended to
discuss the Company’s financial results and related topics if the meeting was before April 23,
2009 and $450 if the telephonic meeting is on or after April 23, 2009. And, each Director who
serves on the Nominating Committee receives an annual fee of $500.

Dr. Shillman, who is the Company’s Chief Executive Officer and President, and Mr. Alias, who is
a non-executive employee of Cognex, receive no additional cash compensation to serve on the
Company’s Board of Directors.

The Directors (other than Dr. Shillman) are eligible to receive an annual stock option grant as
determined by the Compensation Committee.exv10waa

			
	Note: This exhibit has been re-filed to correct a typographical error.
	 	EXHIBIT 10AA

Memo

	 	 	 
	Date:

	 	April 24, 2009
	 
	 	 
	To:

	 	Eric Ceyrolle
	 
	 	 
	From:

	 	Dick Morin
	 
	 	 
	RE:

	 	Separation from Cognex

The following summarizes our agreement regarding the compensation and related benefits to be
paid to you in connection with your separation from Cognex Corporation and its affiliate, Cognex
International, Inc. The payment of such amounts shall be made in accordance with applicable
French and U.S. law and in such manner as we may otherwise agree.

	 	•	 	You will receive your gross monthly salary (17,578 Euros) through July 15, 2009 (the
“Termination Date”) and on the usual payment dates.
	 
	 	•	 	You will receive payment of any outstanding vacation days accrued but not taken up to
the Termination Date (subject to social contributions).
	 
	 	•	 	You will receive an additional payment of 182,617 Euros on the Termination Date in
settlement of your rights under French law.
	 
	 	•	 	You will be entitled to receive up to a total maximum amount of 9,375 Euros to cover
(upon presentation of related receipts) reasonable and customary costs incurred by you to
prepare your tax documents for 2009.
	 
	 	•	 	Cognex will pay to your current French “mutuelle” health insurance the greater of (a)
the employer and employee contributions due until the end of 2009 and (b) the amount
required of us by French law.
	 
	 	•	 	You will be entitled to the reimbursement of customary professional expenses incurred by
you prior to the Termination Date in accordance with our policies and procedures.Exhibit 10.13

Exhibit 10.13

HEALTHSPRING, INC.

2009 EXECUTIVE OFFICER CASH BONUS PLAN

Purpose and Administration of the Plan

This 2009 executive officer cash bonus plan (the “Bonus Plan”) has been established by
HealthSpring, Inc. (the “Company”) to encourage the achieving or exceeding of annual financial
targets that the Company believes will drive stockholder value and stock price appreciation in 2009
(the “Fiscal Year”). Awards paid under the Bonus Plan to Covered Officers (as defined in the 2006
Plan) are intended to be Performance Awards made pursuant to Sections 8 and 11 of the
HealthSpring, Inc. 2006 Equity Incentive Plan (the “2006 Plan”) and are governed by the terms of
the 2006 Plan. In the event of any inconsistency between the terms of the Bonus Plan (with respect
to such awards) and the 2006 Plan, the terms of the 2006 Plan shall govern. Subject to applicable
law, all designations, determinations, interpretations, and other decisions under or with respect
to the Bonus Plan or any award thereunder shall be within the sole discretion of the Compensation
Committee (the “Committee”), may be made at any time, and shall be final, conclusive, and binding
upon all persons. Capitalized terms used but not defined herein shall have the meanings ascribed
to such terms in the 2006 Plan.

Incentive Grant and Calculation; Payment of Awards

The Committee has made the awards to the designated officers (the “Participants”), pursuant to the
Bonus Plan and Section 11 of the 2006 Plan, as set forth on Schedule A hereto. Such awards
shall be made on such additional terms as the Committee may prescribe consistent with Sections 8
and 11 of the 2006 Plan and subject to compliance with Section 162(m) of the Internal Revenue Code
of 1986, as amended (the “Code”). Following the end of the Fiscal Year, the Committee will make
all calculations and determinations with respect to payment of bonuses under the Bonus Plan in its
sole discretion. Awards shall be paid within the two months and fifteen days following the end of
the Fiscal Year, or as soon as thereafter practicable after financial results for the Fiscal Year
are known. Awards pursuant to the Bonus Plan will be paid in cash and on such terms as the
Committee may prescribe unless the Committee determines, in its sole discretion, to award Shares
under the 2006 Plan in lieu of cash. Except as the Committee may otherwise determine in its sole
and absolute discretion, termination of a Participant’s employment prior to the end of the Fiscal
Year, other than for reasons of death or Disability, will result in the forfeiture of the award by
the Participant, and no payments shall be made with respect thereto. This Bonus Plan is not a
“qualified” plan for federal income tax purposes, and any payments are subject to applicable tax
withholding requirements. Notwithstanding the foregoing, the Committee shall retain the sole
discretion to reduce (by any amount) the awards otherwise payable pursuant to the achievement of
the goals set forth in the Bonus Plan.

Miscellaneous Adjustments for Unusual or Nonrecurring Events

As more fully described in Section 11.2 of the Plan, the Committee is hereby authorized to make
adjustments in the terms and conditions of, and the criteria included in, awards in recognition of
unusual or nonrecurring events affecting any Participant, the Company, or any Subsidiary or
Affiliate, or the financial statements of the Company or of any Subsidiary or Affiliate; in the
event of changes in applicable laws, regulations or accounting principles; or in the event the
Committee determines that such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available under the Bonus
Plan. Subject to limitations set forth herein regarding awards to Covered Officers, the Committee
is also authorized to adjust performance targets or awards to avoid unwarranted penalties or
windfalls. Performance awards to Participants, including Covered Officers may be reduced, but not
increased, in the sole discretion of the Committee for any reason, including the Committee’s
assessment of the individual performance of the Participant, in order to avoid undeserved
compensation or unwarranted windfalls. Notwithstanding the foregoing, no adjustments shall be
authorized to the extent that such authority would be inconsistent with an award to a Covered
Officer being paid solely on account of the attainment of pre-established, objective performance
goals, all within the meaning of the regulations promulgated under Section 162(m) of Code and as
provided in Sections 8 and 11 of the 2006 Plan.

 

 

 

No Right to Employment

The grant of an award shall not be construed as giving a Participant, including a Covered Officer,
the right to be retained in the employ of the Company or any Subsidiary or Affiliate.

No Trust or Fund Created

Neither the Bonus Plan nor any award shall create or be construed to create a trust or separate
fund of any kind or a fiduciary relationship between the Company or any Subsidiary or Affiliate and
a Participant or any other person. To the extent that any person acquires a right to receive
payments from the Company or any Subsidiary or Affiliate pursuant to an award, such right shall be
no greater than the right of any unsecured general creditor of the Company or any Subsidiary or
Affiliate.

No Rights to Awards

No person shall have any claim to be granted any award and there is no obligation for uniformity of
treatment among Participants, whether or not Participants are similarly situated. The terms and
conditions of awards, if any, need not be the same with respect to each Participant.

 

2

 

Schedule A

2009 Executive Officer Cash-Based Performance Bonus Opportunities

The 2009 cash incentive bonuses for the following two executive officers, designated as the
2009 Covered Officers under the Bonus Plan, are targeted as a percentage of base salary based on
achieving specified Company financial performance goals determined by the Committee. The “target”
percentage for each of the Covered Officers is as follows:

	 	 	 	 	 	 
	Name	 	Title	 	Target%	 
	 
	 	 	 	 	 
	Herbert A. Fritch
	 	Chief Executive Officer	 	100	%
	Michael G. Mirt
	 	President and Chief Operating Officer	 	75	%

The Company financial performance objective under the Bonus Plan is based on an earnings per
share, or EPS, goal. EPS, for purposes of the Bonus Plan, is defined as Company’s fully-diluted
2009 earnings per share, as reflected on the Company’s annual financial statements prepared in
accordance with GAAP and after giving effect to proposed payments under this Bonus Plan, subject to
adjustment as determined by the Committee in its sole discretion. The targeted payment amounts are
set forth below under “EPS Payout Scale.” This performance goal is subject to an
over/underachievement scale with possible payouts of 50% to 200% of the target bonus amount based
on actual results.

EPS Payout Scale

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	2009 Pro	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Forma,	 	 	 	 	 	 	 	 	 	 	 
	 	 	2009	 	 	As	 	 	 	 	 	 	2009	 	 	 	 
	 	 	Results	 	 	Adjusted	 	 	Threshold	 	 	Target	 	 	Maximum	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	EPS (with bonus effect)
	 	$	2.12	 	 	$	1.88	 	 	$	2.00	 	 	$	2.20	 	 	$	2.35	 
	% Growth (vs. pro
forma)
	 	 	 	 	 	 	 	 	 	 	6.4	%	 	 	17.0	%	 	 	25	%
	Bonus Payout (as % of
target)
	 	 	 	 	 	 	 	 	 	 	50	%	 	 	100	%	 	 	200	%

Below the Threshold, no bonus is payable under the Bonus Plan. Between the Threshold and the
Target and the Target and the Maximum, the Bonus Payout is interpolated. For purposes of computing
EPS, the effects of the following shall be excluded: (a) losses and gains related to litigation
(or claim) judgments or settlements, (b) acquisition costs required to be expensed currently in
accordance with FAS 141(R), and (c) any extraordinary non-recurring items as described in
Accounting Principles Board Opinion No. 30 and/or in management’s discussion and analysis of
financial condition and results of operations appearing in the Company’s annual report to
stockholders for the applicable year, all as reasonably determined in good faith by the Committee.
In the event of a significant acquisition or disposition by the Company during the year, target and
actual EPS for various levels of performance shall be proportionately adjusted by the Committee.

Because of his announced retirement scheduled for May 2009, Kevin M. McNamara, the Company’s
Executive Vice President and Chief Financial Officer, will not participate in the Bonus Plan for
2009.

 

3

 

For the executive officers named below, cash bonuses are not subject to the Bonus Plan but
will be based on Company-wide performance, specific plan performance (with respect to Messrs.
Huebner and Morris), and
individual performance, all as determined in the subjective discretion of, and as recommended to
the Committee for approval by, the Chief Executive Officer or President, as applicable.

	 	 	 	 	 	 
	Name	 	Title	 	Target%	 
	 
	 	 	 	 	 
	Gerald V. Coil
	 	Executive Vice President and Chief Innovation Officer	 	75	%
	Sharad Mansukani
	 	Executive Vice President and Chief Strategy Officer	 	75	%
	Scott C. Huebner
	 	Executive Vice President and President-Texas HealthSpring	 	50	%
	M. Shawn Morris
	 	Executive Vice President and President-HealthSpring of Tennessee	 	50	%
	Mark A. Tulloch
	 	Executive Vice President-Enterprise Operations	 	50	%
	J. Gentry Barden
	 	Senior Vice President and General Counsel	 	50	%
	David L. Terry, Jr.
	 	Senior Vice President and Chief Actuary	 	50	%
	Dirk O. Wales
	 	Senior Vice President and Chief Medical Officer	 	30	%

 

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]