Document:

exv10w36

 

Exhibit 10.36

NON-COMPETITION AGREEMENT

      This Non-Competition Agreement (“Agreement”) is made as of March 25, 2008 by and between
ValueVision Media, Inc., a Minnesota corporation (together with its subsidiaries, the “Company”),
and Glenn K. Leidahl (the “Employee”) pursuant to and in consideration of the offer of employment
dated March 25, 2008.

      Non-Compete. While Employee is working for the Company and, if Employee voluntarily
resigns, or departs from the Company under circumstances where Employee receives severance payments
from the Company, then also for the Non-competition Period (defined below) following his/her
departure, Employee will not:

     (i) directly or indirectly own, manage, control, participate in, be a director, officer or
employee of, lend Employee’s name to, act as consultant or advisor to, render services to, or
receive compensation from, any other person or entity engaged or seeking to engage in the
television home shopping business (including a television home shopping channel internet site)
anywhere within the United States;

     (ii) induce or attempt to induce any employee of the Company to leave his or her employment
with the Company, or in any other way interfere with the relationship between the Company and any
other employee of the Company; or

     (iii) induce or attempt to induce any customer, vendor, franchisee, licensee, or other
business relation of the Company to cease doing business with the Company, or in any way interfere
with the relationship between such party and the Company.

For purposes of this Agreement, “Non-competition Period” shall mean the period commencing as of the
date of this Agreement and ending on the last day of the twelfth (12th) month following the last
day of the month in which Employee’s employment with the Company ends.

      Entire Agreement: Governing Law. This Agreement contains the entire agreement of the
parties relating to Employee’s non-compete agreement with the Company and supersedes any and all
prior agreements and understandings with respect to such subject matter. All matters relating to
the interpretation, application, validity and enforcement of this Agreement shall be governed by
the laws of the State of Minnesota, without regard to that state’s conflict of laws provisions.

			
	 	 	 
	VALUEVISION MEDIA, INC.
	 	EMPLOYEE
	 	 	 
	/s/ Rene G. Aiu
	 	/s/ Glenn K. Leidahl
	 
	 	 

	Name: Rene G. Aiu
	 	Name: Glenn K. Leidahl

1exv10w1

 

EXHIBIT 10.1

Form of Award Letter — 2005-2007 Long-Term Incentive Cash Plan Cycle

March 5, 2008

Private and Confidential

{Participant Name}

Re: CNAF LTI Cash Plan 2005-2007 Performance Cycle Payout

The Compensation Committee (the “Committee”) of CNAF Board of Directors has determined the
performance level of achievement for the 2005-2007 performance cycle of the CNAF LTI Cash Plan.

The Long-Term Incentive plan generally provides that you will be eligible for an award based on the
achievement of the predetermined levels of the Company’s Net Operating Income (NOI), as defined by
the Committee. The NOI target and a range for minimum and maximum performance are set annually by
the Committee for each year within the relevant performance cycles.

For the 2005-2007 performance cycle, NOI goals and LTI attainment were determined according to the
following schedule.

The final NOI achievement for each year within the 3-year cycle is determined by the Committee,
derived from the net income reported in the Company’s financial statements, with adjustments
applied based on the NOI definition as approved by the Committee. The primary purpose for making
adjustments to net income is to remove those potential elements of income or loss which relate to
one-time or extraordinary events or developments or other matters that, in the judgment of the
Committee, are not appropriate to consider for purposes of assessing performance.

The amount payable to you under the terms of the Plan is $                    . The payout amount is based on
the calculation provided in the table on the following page. It will be shown on your March 14,
2008 pay statement, as a separate line item labeled CNA LTIP (478). If you have any questions
regarding this calculation, please call Irma Quintana at extension 7828 or Megan Reilly at
extension 1295.

Sincerely,

#####exv10w2

 

EXHIBIT 10.2

Form of Award Letter — 2008-2010 Long-Term Incentive Cash Plan Cycle

March 28, 2008

Private and Confidential

{Participant}

Re: Grant of 2008-2010 Cash Long-Term Incentive Award

CNA Financial Corporation (the “Company”) has granted you a long-term incentive cash award (the
“Long-Term Incentive Award”) under the CNA Financial Corporation 2000 Incentive Compensation Plan
(the “Plan”) for the performance period beginning January 1, 2008 and ending December 31, 2010 (the
“Performance Period”). The Long-Term Incentive Award generally provides that you will be eligible
for an award opportunity based on the achievement of predetermined levels of the Company’s net
operating income (“NOI”). The NOI target goal and a schedule for minimum and maximum performance
levels will be set annually for each year within the relevant performance cycles. At the end of
each year NOI results will be determined and Long-Term Incentive Award payouts (if any) will be
accrued. No interest will be applied to the accruals.

For each year within the performance cycle 1/3  of the target award percentage will be applied to your
year-end base salary. Your target award for 2008-2010 Performance Period is                     % (“target
bonus”).

For the calendar year 2008, NOI goals and Long-Term Incentive Award attainment will be determined
according to the following schedule.

Awards will be determined by interpolating between the minimum and maximum target attainments under
the schedule.

At the end of the Performance Period, the Compensation Committee of the Company’s Board of
Directors (“Committee”) that administers the Plan will determine the performance level achieved for
the period, and the amount, if any, distributable to you for your award under the terms of the
Plan.

This letter provides a summary of your Long-Term Incentive Award. This Long-Term Incentive Award
is subject to the Long-Term Incentive Award terms (the “Award Terms”) enclosed with this letter.
(In the attached Award Terms, you are referred to as the “Participant.”) This Award Letter shall
be subject to the Award Terms, and the Award Terms shall be subject to the provisions of the Plan.
If discrepancies arise between this Award Letter and the Award Terms, the Award Terms will govern,
and if discrepancies arise between the Award Terms and the Plan, the terms of the Plan will govern.
Note that the Award Terms impose certain restrictions on your Long-Term Incentive Award, and
provide that the Committee has the authority to reduce the amount of the Long-Term Incentive Award
otherwise payable to you, or cancel the Long-Term Incentive Award otherwise payable to you
entirely, all in its discretion as it determines necessary or appropriate.

Should you have any questions, please call Bakir Vitehskich at extension 3786 or Irma Quintana at
extension 7828.

Sincerely,

#####

 

 

Form of Award Terms  — 2008-2010 Long-Term Incentive Cash Plan Cycle

Cash Long-Term Incentive Award Terms for Grant Under the

CNA Financial Corporation 2000 Incentive Compensation Plan

On February 6, 2008 (the “Grant Date”), the Compensation Committee of the Board of Directors of CNA
Financial Corporation (the “Company”) set net operating income goals for a cash long-term
incentive award to the Participant for the 2008-2010 LTI Plan cycle (the “LTI Award”). The LTI
Award is subject to the following LTI Award terms (the “Award Terms”):

	1)	 	LTI Award. For purposes of these Award Terms, the “Participant” shall be the
eligible person identified in the award letter included with these Award Terms (the “Award
Letter”). For purposes of these Award Terms, the amounts of the target LTI Award and the
maximum LTI Award are, respectively, the amounts specified in the Award Letter. The LTI Award
has been granted under the CNA Financial Corporation 2000 Incentive Compensation Plan (the
“Plan”), which is incorporated into and forms a part of these Award Terms. Certain words,
terms and phrases used in these Award Terms are defined in the Plan (rather than in these
Award Terms or the Award Letter), and, except where the context clearly implies or indicates
the contrary and except as otherwise provided in these Award Terms, a word, term, or phrase
used or defined in the Plan is used or defined identically in these Award Terms. Other words,
terms or phrases used in these Award Terms are defined in paragraph 9 or elsewhere in these
Award Terms or the Award Letter.

	2)	 	Performance Period. The “Performance Period” shall have the meaning set forth in the
Award Letter.

	3)	 	Expiration. If the Participant’s Date of Termination of Affiliation occurs, prior to
payment for the Performance Period, then the following shall apply:

	 	(a) 	 	Retirement. If the Participant’s Date of Termination of Affiliation occurs
before the last day of the Performance Period by reason of the Participant’s Retirement, the
Participant shall be eligible for a payment with respect to the LTI Award in accordance with
the terms of these Award Terms, as though the Participant remained employed by the Company
through the end of the Performance Period, and based on the Company’s actual performance for
the period, but subject to a proration based on the number of months of participation for
the portion of the Performance Period prior to the Participant’s Date of Termination of
Affiliation. Distribution under this paragraph (a) for the Performance Period shall be made
at the normally scheduled time for such distribution (determined without regard to the
occurrence of the Participant’s Date of Termination of Affiliation).

	 
	 	(b) 	 	Death or Disability. If the Participant’s Date of Termination of Affiliation
occurs before the last day of the Performance Period by reason of the Participant’s death or
Permanent Disability, the Participant (or the Participant’s estate) shall be eligible for a
payment with respect to the LTI Award in accordance with the terms of these Award Terms
based on the Company’s actual performance for the period, but subject to pro-ration based on
the number of months of participation for the portion of the Performance Period prior to the
Participant’s Date of Termination of Affiliation. Distribution under this paragraph (b)
shall be made as soon as practicable after the Participant’s Date of Termination of
Affiliation.

	 
	 	(c) 	 	Voluntary, Involuntary Termination and Termination for Cause. If the
Participant’s Date of Termination of Affiliation occurs at any time prior to the
distribution of the LTI Award (as provided for in paragraph 6 below) by reason of
termination of employment by the Participant’s employer for Cause, or by reason of the
Participant’s voluntary or involuntary termination, the Participant’s LTI Award shall be
entirely forfeited.

Notwithstanding the foregoing provisions of this paragraph 3, if a Participant has engaged in any
conduct which constitutes Cause prior to distribution with respect to the LTI Award, the LTI Award
shall be entirely forfeited.

	4)	 	New Hires/Promotions. If an eligible employee is hired on or prior to September
30th of the Performance Period, the Participant’s LTI Award will be pro-rated based
on the appropriate number of complete months

 

 

	 	 	of participation. Participants hired on or after October 1st of the Performance
Period, will not be eligible to participate until the following performance year. If an
eligible employee is promoted outside of the Company annual officer salary review process, the
Participant’s LTI Award will be pro-rated based on the appropriate number of complete months of
participation. If an eligible employee is promoted as part of the Company annual officer
salary review process, the Participant’s LTI Award will be effective as of the beginning of the
Performance Period.

	 
	5)	 	Award Amount. The amount to be distributed with respect to the LTI Award shall be
determined according to the schedule in the Award Letter, subject to review and approval of
the Compensation Committee of the Company’s Board of Directors (the “Committee”). If the Net
Operating Income for the Performance Period is at least the minimum level but less than the
target level, the amount distributable with respect to the LTI Award shall be interpolated
between zero and the target amount. If the Net Operating Income for the Performance Period is
greater than the target level but less than the maximum level, the amount distributable with
respect to the LTI Award shall be interpolated between the target amount and the maximum
amount. As soon as practicable after the necessary financial data for the Performance Period
is available to the Committee, the Committee shall make a determination of the extent of the
achievement of the performance goal(s) for that Performance Period, and shall make a
determination of the amount, if any, of the distribution to be made under the LTI Award to the
Participant for the Performance Period. The Committee may, in its discretion, reduce the
amount of the LTI Award or cancel the LTI Award entirely.

	 
	6)	 	Settlement of Award. The amount that is distributable with respect to the LTI Award
shall be settled through cash payment of that amount to be made as soon as practicable as
determined by the Company after the Committee makes the determination described in paragraph
5.

	 
	7)	 	Administration. The authority to manage and to control the operation and
administration of these Award Terms shall be vested in the Committee, and the Committee shall
have all powers with respect to these Award Terms as it has with respect to the Plan. Any
interpretations of these Award Terms by the Committee and any decisions made by it with
respect to these Award Terms are final and binding on all persons.

	 
	8)	 	Governing Documents. The Award Letter shall be subject to these Award Terms, and
these Award Terms shall be subject to the provisions of the Plan, a copy of which may be
obtained by the Participant from the office of the Secretary of the Company. If discrepancies
arise between these Award Terms and the Plan, the terms of the Plan will govern. These Award
Terms are subject to all interpretations, amendments, rules, and regulations promulgated by
the Committee from time to time pursuant to the Plan.

	 
	9)	 	Definitions. For purposes of these Award Terms, the following definitions shall
apply:

	 	(a) 	 	Affiliate. The term “Affiliate” means any business or entity in which at any
relevant time the Company directly or indirectly holds greater than a 10% equity (voting or
non-voting) interest.

	 
	 	(b) 	 	Cause. The Participant will have engaged in conduct that constitutes “Cause” if
the Participant (i) engages in any conduct which the Committee, in good faith, shall
determine to be fraudulent, constitute willful malfeasance or gross negligence, or
inconsistent with the dignity and character of an executive or other employee of the
Company, or (ii) violates in a material manner the then current rules of professional
conduct or human resource policies of the Company.

	 
	 	(c) 	 	Date of Termination of Affiliation. The Participant’s “Date of Termination of
Affiliation” shall be the first day occurring on or after the Grant Date on which the
Participant is not employed by the Company or any Affiliate, as determined by the Company,
regardless of the reason for the termination of employment; provided that a termination of
employment shall not be deemed to occur by reason of a transfer of the Participant between
the Company and an Affiliate or between two Affiliates; and further provided that the
Participant’s employment shall not be considered terminated while the Participant is on a
leave of absence from the Company or an Affiliate approved by the Participant’s employer.
If, as a result of a sale or other transaction, the Participant’s employer ceases to be an
Affiliate (and the Participant’s employer is or becomes an entity that is separate from the
Company),

 

 

	 	 	 	the occurrence of such transaction shall be treated as the Participant’s Date of
Termination of Affiliation, caused by the Participant being discharged by the employer.

	 
	 	(d) 	 	Net Operating Income. “Net Operating Income” will mean net operating income of
the Company as defined by the Committee for the Performance Period.

	 
	 	(e) 	 	Permanent Disability. The term “Permanent Disability” means a physical or mental
condition of Participant which, as determined by the Committee in its sole discretion based
on all available medical information, is expected to continue indefinitely and which renders
Participant incapable of performing any substantial portion of the services required of
Participant by the Participant’s employer.

	 
	 	(f) 	 	Retirement. Termination because of “Retirement” shall mean the Participant’s
Date of Termination of Affiliation after attainment of age 62 or, if earlier, the
Participant’s Date of Termination of Affiliation which is designated by the Committee as a
“Retirement” for purposes of these Award Terms.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]