Document:

Board Member Retirement Process

  
 EXHIBIT 10.91 
  
 Board Member Retirement Process 
  
 Microsemi Corporation Board of Directors 
 Approved by vote of the board—May 14, 2002 
  
 At time of retirement from the Board or if a Board Member does not stand for re-election, the board member will be afforded the opportunity to: 

 

	 	Ø
	 
	Receive one half (50%) of the quarterly board retainer they were being paid at the time of their retirement from the board. This retainer will be paid quarterly
for a period of seven (7) years following their retirement for the board; 
 

  

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	As part of receiving this retainer the “retired” board member agrees to provide up to 25 hours per quarter of consulting support on projects assigned
to them by the President/CEO. 
 

  

	 	o
	 
	Any additional consulting support in excess of twenty-five hours per quarter can be billed to the company at a rate of $250 per hour. Maximum billing during any
single year is $50,000. 
 

  

	 	o
	 
	Retainer payments will crease the first day of the quarter following the date a retired board member is unable to fulfill their “consulting support”
responsibilities 
 

  

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	Continue the right to exercise any vested stock options for a term of seven years following the effective date of the individual’s retirement from the
board or the normal expiration date of the stock option, whichever occurs first. 
 

  

	 	o
	 
	Any outstanding stock options will expire 90 days following the date a retired board member is unable to fulfill the above mentioned consulting arrangement.

 

  

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	Nothing in this process extends the expiration date of any stock option beyond the original expiration date of the stock option agreement. 

  

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	In order to be eligible for this retirement benefit, the board member must have served as a member of the Microsemi Corporation Board of Directors for a period
of not less than five years. 
 

  

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	This process is effective December 1, 2001.<PAGE>

                                                                   EXHIBIT 10.20

                          STRATEGIC ALLIANCE AGREEMENT
                          ----------------------------

This STRATEGIC ALLIANCE AGREEMENT (this "Agreement"), is entered into by and
between Excalibur Industries, Inc., hereinafter called "Excalibur" and Born,
Inc. hereinafter called "Born." Excalibur and Born shall be sometimes
hereinafter referred to individually as a "party" and collectively as the
"parties."

                              W I T N E S S E T H:

WHEREAS, Born has been involved in the design, manufacture, and supply of direct
fired heater technology to the oil and gas, petro-chemical and power markets;

WHEREAS, Excalibur, through its operating subsidiaries, has capabilities for
high quality steel fabrication, piping and vessel fabrication with ASME code
welding, and precision CNC machining;

WHEREAS, Born desires to purchase goods and services from Excalibur;

WHEREAS, in this regard, Excalibur and Born have discussed Excalibur dedicating
personnel, equipment, and shop space at Excalibur facilities in order to
prioritize the manufacturing and service needs of Born;

NOW, THEREFORE, in consideration of the mutual benefits to be derived and the
conditions and promises that follow, and other good and valuable consideration,
the receipt and sufficiency of which are acknowledged, and intending to be
legally bound, the parties agree as follows:

         1.       TERMINATION DATE. October 14, 2005.

         2.       TERM. The term of this Agreement ("Term") shall commence on
                  the date of execution hereof, and shall terminate on the
                  Termination Date, unless earlier terminated as set forth in
                  this Agreement. This agreement may be renewed with revisions
                  mutually agreed to by both parties.

         3.       PRIORITY CUSTOMER STATUS. Excalibur hereby designates Born as
                  a priority status customer and agrees to make its
                  "best-efforts" to meet Born's production requirements.

         4.       DEDICATED FACILITIES. Excalibur agrees to dedicate at least
                  35,000 square feet of shop space for the timely manufacture of
                  Born products through Excalibur Services and its other
                  Excalibur affiliates.

         5.       CONTRACT VOLUME. Born estimates to provide a minimum of twelve
                  million ($12,000,000) in contract volume over the agreement
                  period to Excalibur for goods and services.

<PAGE>

         6.       JOINT MARKETING ALLIANCE. Excalibur and Born agree to combine
                  efforts in cooperative marketing to produce and develop sales
                  programs to acquire additional customers and market share.

         7.       ENGINEERING SERVICES. It is anticipated that Excalibur will
                  desire to utilize engineering services from Born from time to
                  time.

         8.       INDEMNITY.

                  a. Born shall indemnify, defend, and hold harmless Excalibur,
                  and its officers, directors, managers, members, agents,
                  employees, parents, subsidiaries, and its and their respective
                  affiliates (collectively, the "Excalibur Indemnified Parties")
                  from and against any and all claims or costs suffered by the
                  Excalibur Indemnified Parties (or any of them) arising out of
                  or related to: (i) any injury to or death of persons or damage
                  to property, as well as any and all claims whatsoever by any
                  third parties, arising out of, related to, caused by, or
                  happening in connection with Born's business or operations or
                  the performance of its obligations hereunder (including,
                  without limitation, any and all claims regarding defects in
                  Born's products or materials, or the failure of same to comply
                  with applicable law, unless covered by separate specific
                  contracts between Born and Excalibur) unless and to the extent
                  that the same is caused by Excalibur's gross negligence or
                  willful misconduct; and (iii) any Event of Default by Born
                  with respect to any of its obligations under this Agreement.

                  b. Excalibur shall indemnify, defend, and hold harmless Born,
                  and its officers, directors, managers, members, agents,
                  employees, parents, subsidiaries, and its and their respective
                  affiliates (collectively, the "Born Indemnified Parties") from
                  and against any and all Claims or Costs suffered by the Born
                  Indemnified Parties (or any of them) arising out of or related
                  to: (i) any injury to or death of persons or damage to
                  property, as well as any and all claims whatsoever by any
                  third parties, arising out of, related to, caused by, or
                  happening in connection with Excalibur's business or
                  operations or the performance of its obligations hereunder or
                  under any Subcontract (including, without limitation, any and
                  all claims regarding defects in Excalibur's manufacturing or
                  production processes, or its products or materials, or the
                  failure of same to comply with applicable law, unless covered
                  by separate specific contracts between Born and Excalibur)
                  unless and to the extent that the same is caused by Born's
                  gross negligence or willful misconduct; and (iii) any Event of
                  Default by Excalibur with respect to any of its obligations
                  under this Agreement.

         9.       ASSIGNMENT. The rights and obligations of either party under
                  this Agreement may not be assigned, subcontracted, or
                  delegated without the prior written consent of the other
                  Party, and no delegation of obligations hereunder shall be
                  effective unless the Person assuming the obligations agrees in
                  writing to be bound by the terms and conditions hereof.
                  Subject to the immediately preceding sentence, all covenants,
                  terms, conditions, and provisions of this Agreement shall be
                  binding upon the Parties hereto and shall extend to and be
                  binding upon the successors and permitted assigns of the
                  Parties hereto

                                       2
<PAGE>

         10.      NOTICE. Any notice which may or shall be given under the terms
                  of this Agreement shall be in writing and shall be either
                  delivered by hand or sent by United States Registered or
                  Certified Mail, postage prepaid, if for Excalibur: Excalibur
                  Industries, Inc.; 16825 Northchase Drive, Suite 630, Houston,
                  Texas, 77060 or if for Born, to: Born, Inc.;408 North Boston
                  Avenue, Tulsa Oklahoma 74103. Such addresses may be changed
                  from time to time by either party by giving notice as provided
                  above. Notice shall be deemed given when delivered (if
                  delivered by hand) or when postmarked (if sent by mail).

         11.      MISCELLANEOUS.

         (a)      CHOICE OF LAW; VENUE. This Agreement shall be governed by, and
                  construed, enforced, and performed in accordance with the
                  internal, local laws of the State of Oklahoma, without regard
                  to its principles on conflicts of law which would select
                  another law. The parties further agree that the State and
                  Federal Courts of Tulsa, Tulsa County, Oklahoma shall have
                  exclusive jurisdiction and venue to here and resolve any and
                  all claims, causes of action, and disputes arising out of or
                  relating to this Agreement, or the enforcement or
                  interpretation hereof.

         (b)      ENTIRE AGREEMENT; AMENDMENTS; INTERPRETATION. This Agreement
                  including the Exhibits and Schedules hereto (if any)
                  constitute the entire agreement between the Parties relating
                  to the subject matter contemplated by this Agreement and
                  supersedes any prior or contemporaneous agreements or
                  representations affecting the same subject matter. No
                  amendment, modification, or change to this Agreement shall be
                  enforceable unless reduced to a writing executed by the Party
                  against whom such amendment, modification, or change is sought
                  to be enforced. The Parties acknowledge that each Party and
                  its counsel have reviewed and revised this Agreement and that
                  the normal rule of construction to the effect that any
                  ambiguities are to be resolved against the drafting Party
                  shall not be used in interpretation of this Agreement.

         (c)      COUNTERPARTS; SEVERABILITY; SURVIVAL. This Agreement may be
                  executed in several counterparts, each of which is an original
                  and all of which constitute one and the same instrument.
                  Except as may otherwise be stated herein, any provision or
                  Section hereof that is declared or rendered unlawful by any
                  applicable court of law or regulatory agency, or deemed
                  unlawful because of a statutory change, will not otherwise
                  affect the lawful obligations that arise under this Agreement.
                  If any provision of this Agreement is declared unlawful, the
                  Parties will promptly renegotiate to restore this Agreement as
                  near as possible to its original intent and effect. All
                  indemnities shall survive the expiration or termination of
                  this Agreement.

         (d)      NON-WAIVER; NO PARTNERSHIP OR THIRD PARTY BENEFICIARIES. No
                  waiver by any Party of any its rights with respect to the
                  other Party or with respect to any matter or default arising
                  in connection with this Agreement shall be construed as a

                                       3
<PAGE>

                  waiver of any subsequent right, matter, or default whether of
                  a like kind or different nature. Any waiver shall be in
                  writing signed by the waiving Party. Nothing contained in this
                  Agreement shall be construed or constitute any Party as the
                  employee, agent, partner, joint venture, or contractor of any
                  other Party. This Agreement is made and entered into for the
                  sole protection and legal benefit of the Parties, and their
                  permitted successors and assigns, and no other person shall be
                  a direct or indirect legal beneficiary of, or have any direct
                  or indirect cause of action or claim in connection with, this
                  Agreement.

         (e)      TERMINATION OF AGREEMENT. This agreement may be terminated by
                  either party without penalty with sixty (60) days written
                  notice to the other party.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       4
<PAGE>

         EXECUTED in multiple counterparts, each of which shall have the force
and effect of an original, on this the day of ___________, 2002, to be effective
the ______ day of ___________, 2002.

BORN, INC.

By: /S/ Sidney Born
   -----------------------------------------
         Sidney Born
         Chief Executive Officer

EXCALIBUR INDUSTRIES, INC.

By: /S/ William S.H. Stuart
   -----------------------------------------
         William S.H. Stuart
         Chief Executive Officer

EXCALIBUR SERVICES, INC.

By: /S/ William S.H. Stuart
   -----------------------------------------
         William S.H. Stuart
         Chief Executive Officer

                                       5

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