Document:

exv10w27

 

Exhibit 10.27

Summary
of 2008 Compensatory Arrangements with Executive Officers

	 	 	 	 	 	 	 	 
	 
	 	Executive Officer	 	 	Annual Salary	 
	 	Leo
Berlinghieri, Chief Executive Officer and President

	 	 	$	485,000	 	 
	 	Gerald
G. Colella, Vice President, Chief Business Officer and Acting Group
VP, PRG Products

	 	 	$	350,000	 	 
	 	John T.C. Lee, Group VP CIT and Ion Systems Products

	 	 	$	265,000	 	 
	 	John A. Smith, Vice President and Chief Technology Officer

	 	 	$	285,000	 	 
	 	William D. Stewart, Vice President & General Manager, Vacuum Products Group

	 	 	$	260,000	 	 
	 	Ronald C. Weigner, Vice President and Chief Financial Officer

	 	 	$	263,000exv10w31

 

Exhibit 10.31

THIRD AMENDMENT DATED JULY 31, 2007

TO

OPTIONAL ADVANCE DEMAND GRID NOTE

     This Third Amendment dated as of July 31, 2007 amends the Optional Advance Demand Grid Note
dated August 3, 2004, made by MKS Instruments, Inc. and MKS Japan, Inc. in favor of HSBC Bank USA,
National Association, as amended by the First Amendment, dated July 29, 2005 and the Second
Amendment, dated July 31, 2006 (the “Note”). Terms defined in the Note shall have the same
meanings in this Amendment.

	 	1.	 	The date of “July 31, 2007”, wherever it appears in the Note, is hereby deleted
and replaced with: “July 31, 2008”. After July 31, 2008, the termination date of “July
31, 2008” (and any subsequent termination date), wherever it appears in the note, shall
be deleted and replaced by such later date as may be agreed to in writing by the Bank
and the Borrower as the new termination date of the Note.
	 
	 	2.	 	The definition of Adjusted LIBOR Rate is changed to: the LIBOR Rate plus .75%
	 
	 	3.	 	Eliminate requirement “(iii) management prepared financial forecasts for each
fiscal year” as noted on page 4 of the Optional Advance Demand
Grid Note.
	 
	 	4.	 	Except as amended hereby, the Note remains unchanged and in full force and
effect.

	 	 	 	 	 	 	 	 			
	MKS INSTRUMENTS, INC.	 	 	HSBC BANK USA, NATIONAL ASSOCIATION	 			
	 	 	 	 	 	 			
	 
	 	 	 	 	 	 	 			
	By: 

Name:

	 	/s/ Joseph M. Tocci
 

Joseph M. Tocci
	 	 	By:

Name:
	 /s/ Elise M. Russo
 

 Elise M. Russo
	 			
	Title:

	 	Treasurer
	 	 	Title:
	FVP	 			
	 
	 	 	 	 	 	 	 			
	MKS JAPAN, INC.	 	 	 	 	 			
	 
	 	 	 	 	 	 	 			
	By:

	 	/s/ Ronald C. Weigner	 	 	 	 	 			
	 

	 	 	 	 	 	 	 			
	Name:

	 	Ronald Weigner

Directorexv10w62

 

Exhibit 10.62

December 31, 2007

PRIVATE & CONFIDENTIAL

Mr. F. Edwin Harbach

[                              ]

[                              ]

Employment Letter and Terms and Conditions of Employment Full-Time,

Salaried Chief Executive Officer, President and Managing Director

Dear Ed:

This letter (this “Employment Letter”) will evidence the terms and conditions relating to your
promotion to the position of Chief Executive Officer, President and Managing Director of
BearingPoint, Inc. (the “Company”). Effective as of December 31, 2007 (the “Effective Date”), this
Employment Letter, together with the Managing Director Agreement, the Restricted Stock Unit
Agreement, the Stock Option Agreement, and the Special Termination Agreement attached hereto and to
be executed contemporaneously herewith, shall replace and supersede, and serve as a termination of,
the following agreements previously executed by you and the Company: (1) the Employment Letter,
dated January 8, 2007, (2) the Managing Director Agreement, dated January 8, 2007, and (3) the
Special Termination Agreement, dated January 8, 2007.

Compensation. Commencing on January 1, 2008, your annual base salary will be $900,213.60, subject
to standard withholdings and deductions.

Duties; Reporting; Termination. You will have such duties and responsibilities as are commensurate
with your position as Chief Executive Officer, and you also will serve as a member of the Board of
Directors. As Chief Executive Officer, you will report directly to the Board of Directors of the
Company and, at least annually, your performance will be reviewed by the Board of Directors or the
Compensation Committee of the Board of Directors (the “Compensation Committee”). Your employment
shall be “at-will.” Your employment may be terminated by the Company at any time and for any or no
reason. Your employment may be terminated by you with three months’ prior notice, as provided in
your Managing Director Agreement.

Amendment of Existing Restricted Stock Unit Agreement. You and the Company have agreed as of the
Effective Date to amend in certain respects the Restricted Stock Unit Agreement, dated January 8,
2007, between you and the Company. In connection therewith, contemporaneously with the execution
and delivery of this Employment Letter, and effective as

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 2

of the Effective Date, you and the Company shall execute and deliver the attached Amendment No. 1
to Restricted Stock Unit Agreement (“Amendment No. 1”).

New Restricted Stock Units. On December 31, 2007, the Compensation Committee awarded you,
effective as of January 2, 2008 (the “RSU Grant Date”), a number of restricted stock units (the
“Restricted Stock Units”) to be set forth in the Award Notice of Restricted Stock Unit Grant to be
executed and delivered pursuant to the attached Restricted Stock Unit Agreement. The Restricted
Stock Units will be issued under the Company’s 2000 Long-Term Incentive Plan (as amended, the
“LTIP”), a copy of which has been provided to you. Subject to accelerated vesting as provided
herein, the Restricted Stock Units will vest ratably (in 25% installments) beginning on the first
anniversary of the RSU Grant Date and each one-year anniversary thereafter, so that 100% of the
Restricted Stock Units shall have vested as of the fourth anniversary of the RSU Grant Date,
provided that your employment has not terminated prior to such date.

The attached Restricted Stock Unit Agreement, together with the related Award Notice of Restricted
Stock Unit Grant, detail the various terms of the grant of the Restricted Stock Units, including
terms and conditions related to the settlement of the Restricted Stock Units.

All of the Restricted Stock Units will vest upon the termination of your employment due to your
death, Disability or Retirement (as defined in the Restricted Stock Unit Agreement).

Notwithstanding the foregoing, all unvested Restricted Stock Units will vest as of the date of any
Change in Control (as defined in the LTIP), provided that your employment has not terminated prior
to such date.

In addition to any transfer restrictions set forth in the Restricted Stock Unit Agreement or in any
other applicable agreement, you will not be permitted to sell any shares of the Company’s Common
Stock you receive upon the settlement of any of the Restricted Stock Units, except (i) in
compliance with Company policies applicable to the Company’s executive officers and (ii) in
compliance with applicable securities laws.

Stock Options. On December 31, 2007, the Compensation Committee awarded you, effective as of
January 2, 2008 (the “Stock Option Grant Date”), a grant of stock options (the “Stock Options”) to
purchase a number of shares of the Company’s common stock at an exercise price per share to be set
forth in the Award Notice of Stock Option Grant to be executed and delivered pursuant to the
attached Stock Option Agreement. The Stock Options will be issued under the LTIP. Subject to
accelerated vesting as provided herein, the Stock Options will vest ratably (in 25% installments)
beginning on the first anniversary of the Stock Option Grant Date and each one-year anniversary
thereafter, so that 100% of the Stock Options shall have vested as of the fourth anniversary of the
Stock Option Grant Date, provided that your employment has not terminated prior to such date.

The attached Stock Option Agreement, together with the related Award Notice of Stock Option Grant,
detail the various terms of the grant of the Stock Options.

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 3

Notwithstanding the foregoing, all unvested Stock Options will vest as of the date of any Change in
Control (as defined in the LTIP), provided that your employment has not terminated prior to such
date.

In addition to any transfer restrictions set forth in the Stock Option Agreement or in any other
applicable agreement, you will not be permitted to sell any shares of the Company’s Common Stock
you receive upon exercise of any of Stock Options, except (i) in compliance with Company policies
applicable to the Company’s executive officers and (ii) in compliance with applicable securities
laws.

Annual Bonus. If you are eligible to receive a bonus for fiscal 2007 based upon achievement of the
performance objectives previously communicated to you by the Compensation Committee, such bonus
shall be in such amount as the Compensation Committee shall determine, provided that your target
bonus for fiscal 2007 shall be no less than 40% of $700,000 (i.e., your annual base salary for
fiscal 2007), prorated for the period during 2007 you actually worked. For fiscal 2008 and
thereafter, you will be eligible to receive an annual performance bonus upon achievement of all
performance objectives as established each year by the Compensation Committee and communicated to
you. The target amount for your annual performance bonus for fiscal 2008 and thereafter shall be
an amount equal to 100% of your annual base salary for the year for which the performance bonus is
being awarded. Subject to the “Severance” section and “Termination by the Company without Cause”
section below, your annual performance bonus (including any performance bonus for fiscal 2007) may
be paid in cash or any other form in which (and at such time as) annual bonuses are paid to the
Company’s other executive officers, which shall be no later than the end of the calendar year
following the year in respect of which such bonus is payable. Any bonus payment shall be subject
to standard withholdings and deductions.

Benefits/Long- Term Incentives. You will be entitled to participate in all employee benefit
(including long-term incentives), fringe and perquisite plans, practices, programs policies and
arrangements generally provided to executives of the Company at a level commensurate with your
position.

Personal Days/Holidays. You will be entitled to 25 annual personal days, accrued monthly, to use
for vacation, illness or other personal absences. These personal days are in addition to eight
Company-designated holidays. As a full-time employee, you will also be eligible to participate in
our Personal Benefits Program, as amended from time to time.

Business Expenses. The Company will reimburse you for the travel, entertainment and other business
expenses incurred by you in the performance of your duties in accordance with the Company’s
policies applicable to senior executives as in effect from time to time.

Living Expenses. The Company will continue to reimburse you for the monthly rental payments under
the lease for your apartment located at [          ], New York, New York until the
scheduled expiration of such lease on September 30, 2008. The Company shall bear no responsibility
or obligation for any other expenses related to your retention of a

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 4

residence in New York (including any monthly rental payments relating to the period after such
scheduled expiration of the lease), any other living expenses, or any other family expenses
associated with travel to and from such residence.

Severance. Upon termination of your employment, the Company will pay you: (i) any earned but
unpaid annual base salary through the date of termination, (ii) any earned but unpaid annual bonus
for any preceding year, provided that your employment terminates after the date your annual bonus
has been determined by the Compensation Committee (except in the event of your death or Disability,
in which case the annual bonus will be your actual annual bonus for the prior year prorated for the
period worked), (iii) any unpaid accrued personal days and unreimbursed business expenses, (iv) in
the circumstances specified in the “Termination by the Company without Cause” section below or the
“Special Termination Agreement” section below, the payments specified in the applicable section,
and (v) any other amounts due under any of the Company’s benefit plans. Payment of the amounts
specified in the “Termination by the Company without Cause” section below shall be conditioned upon
your execution of a full and binding unilateral release of all claims arising from or associated
with your employment with the Company, which shall be prepared by, and in form and substance
reasonably satisfactory to, the Company (the “Release Agreement”). Any severance and other
payments shall be subject to standard withholdings and deductions.

Termination by the Company without Cause. Upon your termination of employment by the Company
without Cause before the occurrence of a Change in Control (as defined in the Special Termination
Agreement) and in lieu of any obligation to pay any amounts in such event pursuant to your Managing
Director Agreement, the Company will pay you a lump sum cash amount equal to two (2) times the sum
of (i) your then current annual base salary and (ii) your then current annual performance bonus (if
no annual performance bonus has been established for such fiscal year, then the prior year’s actual
bonus, provided that if such termination occurs in fiscal 2008, then the annual performance bonus
will be 100% of annual base salary in such year). The lump sum cash payment shall be made within
30 days of the date of receipt by the Company of your fully executed Release Agreement as specified
in the “Severance” section above assuming that you have not revoked the Release Agreement. Unless
you are terminated with Cause, the Company will also pay your premiums under the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended, on your behalf until the earlier of (i) the
18-month anniversary of the date of termination of your employment, or (ii) the date you become
covered under a medical plan of another employer.

Special Termination Agreement. You shall be entitled to receive the payments and other benefits
specified in your Special Termination Agreement, a copy of which is attached. During any period
that you are eligible to receive payments and other benefits under the Special Termination
Agreement, you shall not be eligible to receive any payment or other benefits under (1) clause (ii)
or (iv) of the “Severance” section above or (2) the “Termination by the Company without Cause”
section above.

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 5

Indemnification and Employee Representations. The Company will indemnify you to the fullest extent
permitted by law and the Company’s Certificate of Incorporation as in effect as of the Effective
Date (regardless of any subsequent changes to such Certificate) with respect to your activities on
behalf of the Company.

It is the policy and practice of the Company to reasonably ensure that the Company and all new
employees honor the terms of any reasonable post-employment restrictions contained in agreements
with prior employers of such new employees. Furthermore, you will never be asked to share, utilize
or disclose in any way the proprietary or confidential information of a prior employer as part of
your duties on behalf of the Company. You agree to promptly notify the Company’s General Counsel
if you find yourself in a position of possibly violating your contractual agreement(s) with prior
employers.

You will be covered under the Company’s D&O liability insurance on the same basis as other senior
level executives of the Company.

The Company’s obligation to indemnify you under this heading “Indemnification and Employee
Representations” shall survive any termination of this Employment Letter.

Definitions. For purposes of this Employment Letter, the following terms have the meanings
ascribed below:

     (a) “Cause” shall have the meaning specified in the Managing Director Agreement.

     (b) “Disability” shall have the meaning specified in the Restricted Stock Unit Agreement.

     (c) “Restricted Stock Unit Agreement” shall mean, except as otherwise provided in the
“Amendment of Existing Restricted Stock Unit Agreement” section above, the Restricted Stock Unit
Agreement, dated as of December 31, 2007, between the Company and you, a form of which is attached
hereto.

Other Considerations.

There are a number of other important items we wish to cover in this Employment Letter. They are:

	 	•	 	The Company’s customary contributory benefits (such as medical, dental, supplemental
life insurance, long-term disability and optional accidental death and dismemberment
insurance) and non-contributory benefits (such as business travel accident insurance,
short-term disability and personal days) will continue to be available to you following the
Effective Date.
	 
	 	•	 	Please carefully read this Employment Letter and the accompanying Managing Director
Agreement, Amendment No. 1, Restricted Stock Unit Agreement, Stock Option

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 6

	 	 	 	Agreement and Special Termination Agreement (together with any exhibits or award notices
applicable thereto). Signing these documents is a condition of the effectiveness of this
Employment Letter. As noted above and therein, employment with the Company is not for a
specific term and may be terminated (i) by you, upon three months’ notice as specified in
your Managing Director Agreement or (ii) by the Company at any time, for any or no reason,
with or without Cause.
	 
	 	•	 	In connection with your original employment with the Company, you provided the Company
with a completed Disclosure and Authorization for Release of Information form authorizing
the Company to make an inquiry and compile a background report. If the Company finds that
you have made any misrepresentation in connection therewith, the Company may terminate your
employment without obligation whatsoever on the part of the Company except payment to you
for any services rendered.

Miscellaneous.

	1.	 	Notwithstanding any provisions of the Managing Director Agreement, the Company and you hereby
agree as follows:

	 	•	 	Notwithstanding Section 9 of the Managing Director Agreement, except as otherwise
determined by a court or arbitrator, as applicable, each party shall be responsible for
all of its own costs (including, without limitation, attorneys’ fees and court costs)
incurred in enforcing any agreement against the other party.

	2.	 	This Employment Letter can be amended only in writing signed by both you and the Company. To
the extent this Employment Letter makes reference to or modifies the terms of any other
agreements, the choice of law provision set forth in each of such other agreements shall
continue to govern the terms and conditions of such agreements as well as the interpretation
and construction thereof and any references thereto that are set forth herein. All other
terms and conditions of this Employment Letter shall be governed by and construed in
accordance with the internal, domestic laws of the Commonwealth of Virginia.
	 
	3.	 	In the event of any conflict between the provisions of this Employment Letter and the
provisions of any of the Managing Director Agreement, Amendment No. 1, the Restricted Stock
Unit Agreement, the Stock Option Agreement or the Special Termination Agreement, the terms and
provisions in this Employment Letter shall control.
	 
	4.	 	This Letter Agreement is assignable by the Company only to a successor (whether by merger,
consolidation, purchase or otherwise) to all or substantially all of the stock, assets or
business of the Company, and the Company will require any such successor, by written agreement
in form and substance reasonably satisfactory to you, to expressly assume and agree to perform
this Employment Letter in the same manner and to the same extent that the Company would be
required to perform it if no such assumption had taken

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 7

	 	 	place; provided, however, that no such written agreement shall be required if the
transaction results in the successor becoming legally required to fulfill the obligations of
the Company under this Employment Letter, whether by operation of law or otherwise. Except
as expressly provided herein, you may not sell, transfer, assign, or pledge any of your
rights or interests under this Employment Letter, provided that any amounts due hereunder
shall, upon your death, be paid to your estate unless you have designated a beneficiary
therefore in accordance with any applicable plan.
	 
	5.	 	For the purpose of this Employment Letter, notices and all other communications provided for
in this Employment Letter shall be in writing and shall be deemed to have been duly given when
delivered personally or by overnight service or delivered or mailed by United States certified
or registered mail, return receipt requested, postage prepaid, addressed to the Company at its
executive office or to you at the address on the records of the Company (provided that all
notices to the Company shall be directed to the attention of the Chairman of the Compensation
Committee and the Company’s General Counsel) or to such other address as either party may have
furnished to the other in writing in accordance herewith, except that notice of change of
address shall be effective only upon receipt.
	 
	6.	 	If any provision of this Employment Letter or any portion thereof is declared invalid,
illegal, or incapable of being enforced by any court of competent jurisdiction, the remainder
of such provisions and all of the remaining provisions of this Employment Letter shall
continue in full force and effect. Failure to insist upon strict compliance with any of the
terms, covenants, or conditions of this Employment Letter shall not be deemed a waiver of such
term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist
upon strict compliance with, any right or power hereunder at anyone or more times be deemed a
waiver or relinquishment of such right or power at any other time or times. This Employment
Letter may be executed in several counterparts, each of which shall be deemed to be an
original but all of which together will constitute one and the same instrument.
	 
	7.	 	It is intended that this Employment Letter will comply with Section 409A and this Employment
Letter shall be interpreted in a manner consistent with such intent. If any provision of this
Employment Letter (or of any award of compensation, including deferred compensation or
benefits) would cause you to incur any additional tax or interest under Section 409A or any
regulations or Treasury guidance promulgated thereunder, the Company shall reform such
provision; provided that the Company agrees to maintain, to the maximum extent practicable and
without additional cost to the Company, the original intent and economic benefit you of the
applicable provision without violating the provisions of Section 409A; provided, further, in
no event shall you be required to defer the date on which you are entitled to receive any
payment or benefit hereunder for a period in excess of six months.

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 8

The items in this Employment Letter, the Managing Director Agreement, Amendment No. 1, the
Restricted Stock Unit Agreement, the Stock Option Agreement, and the Special Termination Agreement
(together with any exhibits or award notices applicable thereto) and the other items referred to
above represent the Company’s and your entire agreement with respect to the terms and conditions of
your employment following the Effective Date. Any contrary representations that may have been made
to you at any time are superseded by this Employment Letter. By signing below, you agree to the
terms and conditions of employment specified in this Employment Letter and the accompanying
documents.

If you agree that the foregoing terms and conditions accurately evidence our agreement concerning
your continued employment after the Effective Date, please sign and return this Employment Letter,
the Managing Director Agreement, Amendment No. 1, the Restricted Stock Unit Agreement, the Stock
Option Agreement, the Special Termination Agreement and the applicable award notices.

*********

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

 

 

Mr. F. Edwin Harbach

December 31, 2007

Page 9

Should you have any questions, please contact me or contact Laurent Lutz, our General Counsel, at
[          ].

Very truly yours,

/s/
Roderick McGeary

Roderick McGeary, Chairman

BearingPoint, Inc.

	 	 	 	 	 
	 

	 	ACCEPTED:	 	 
	 
	 	 	 	 
	 
	 	/s/ F. Edwin Harbach 	 	 
	 

	 	 

F. Edwin Harbach
	 	 

Exhibits:

Managing Director Agreement

Amendment No. 1 to Restricted Stock Unit Agreement

Restricted Stock Unit Agreement

Award Notice of Restricted Stock Unit Grant

Stock Option Agreement

Award Notice of Stock Option Grant

Special Termination Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]