Document:

lulu-2014.02.02-EX10.16

Exhibit 10.16 
	
	
	Outside Director Compensation Plan (a)

(Effective February 2014) 
	
		
	Annual Cash Retainer:
	 

	 
	 

	Board Member
	$60,000

	 
	 

	Non-Executive Chairman of the Board
	$50,000

	Lead Director
	$50,000

	Audit Committee Chair
	$20,000

	Audit Committee Member
	No additional compensation

	Compensation Committee Chair
	$12,500

	Compensation Committee Member
	No additional compensation

	Nominating Committee Chair
	$10,000

	Nominating Committee Member
	No additional compensation

	 
	 

	Additional Payments:
	 

	Attendance Fee for In Person Attendance at Board Meeting
	$1,500

	Attendance Fee for Telephonic Attendance at Board Meeting
	$1,000

	Attendance Fee for Committee Meeting Attendance
	$1,000

	 
	 

	Equity Grant Upon Initial Election or Appointment
	 

	New directors – on the date of initial election or appointment to the Board, new directors (other than directors elected at the annual meeting of stockholders who will receive the annual grant of restricted stock as set forth below) will be entitled to a pro-rata portion of the annual restricted stock award grant
	Pro-rata for partial year of service based on the date of initial election or appointment, relative to the date of the preceding Annual Meeting of Stockholders

	 
	 

	Annual Grant of Restricted Stock (b)
	$125,000

	 
	 

	Expense Reimbursement – for travel, lodging and other reasonable out-of-pocket expenses incurred in attending board and committee meetings.
	 

	 
	 

All amounts listed above are in United States dollars. 
	
		
	(a)
	Each member of the Board, other than a director employed by the Company, is entitled to receive compensation under this plan. 

	(b)
	Each share of restricted stock will be fully vested on the first anniversary of the grant date. 

The number of shares issued for restricted stock awards shall equal the specified dollar value of the restricted stock award divided by the applicable per share ASC 718 charge as of the grant date as determined by the company for financial reporting purposes. 
Timing of Director Compensation: Each Director shall receive an initial restricted stock award the day of the director’s election or appointment to the board. Thereafter, on the date of each annual meeting of stockholders, each person who is either elected to the Board at the annual meeting or continues to serve on the Board upon the conclusion of the annual meeting will receive all of his or her restricted stock award, which grant will be subject to one year vesting. 
The cash retainer and other fees will be paid in arrears, quarterly or semi-annually at the Company’s discretion.J Rose employment exhibit 10.17

Second Amendment to

EMPLOYMENT AGREEMENT
________JAMES L. ROSE________

This Second Amendment (this “Amendment”) to that certain EMPLOYMENT AGREEMENT, dated as of December 4, 2009, as Amended (the “Agreement”), is by and between Orion Marine Group, Inc., a Delaware corporation (the “Company”), and Mr. James L. Rose (the “Key Employee”).  
W I T N E S S E T H:
WHEREAS, the Company has identified the below signed individual as a Key Employee who is an integral part of the Company’s operation and management and as a result entered into the Agreement with him;
WHEREAS, the Company recognizes the undersigned individual’s ongoing efforts as a Key Employee and desires to continue to reward those efforts to protect and enhance the best interests of the Company; 
WHEREAS, the Agreement shall expire on March 31, 2013; and both the Company and the Key Employee desire to extend the Agreement for an additional two (2) year period; and
NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements set forth below, the parties hereto agree as follows:
ARTICLE I
PURPOSE, DEFINITIONS AND INTERPRETATIONS
1.Purpose. The purpose of this Second Amendment to the Agreement is to evidence the Parties’ mutual agreement to a two (2) year extension to the Agreement under the terms and conditions as hereinafter provided.
2.Definitions. Any capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Agreement.
3.Interpretations. In this Amendment, unless a clear contrary intention appears, (a) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Amendment as a whole and not to any particular Article, Section or other subdivision; (b) reference to any Article or Section, means such Article or Section hereof; and (c) the word “including” (and with correlative meaning “include”) means including, without limiting the generality of any description preceding such terms.

ARTICLE II
AGREEMENT

The parties hereby mutually agree to the following terms as reflected below.

2.1    Term.  Notwithstanding the provision contained in Section 2.1 of the Agreement that the “Agreement may be extended for an additional period at the end of the Initial Term (“Renewal Term”) upon the mutual agreement of the parties entered into at least 30 days prior to the end of the Initial Term”, the Parties do hereby mutually agree to waive and delete the “30 days prior” requirement and do hereby mutually agree that Section 2.1 of the Agreement shall, effective at the end of the Initial Term and forever thereafter be supersede and replaced with the following:
“The term of this Agreement will commence on the Effective date of this Agreement and end on March 31, 2013 (the “Initial Term”); however, the Agreement is hereby extended for (a) an additional two (2) year period commencing April 1, 2013 and ending on March 31, 2015, and (b) for such other subsequent periods of time as from time to time may be mutually agreed between the Parties prior to the end of any such respective extended term.”
 2.2    Compensation. 
Base Salary.  During the Initial Term, the Key Employee has received one or more increases in Base Salary and therefore it is appropriate to reflect said increase(s) in the Base Salary provision of the Agreement and, as a result, the Parties do hereby mutually agree that Section 2.3 (a) of the Agreement shall, effective at the end of the Initial Term and forever thereafter be supersede and replaced with the following:

“(a) Base Salary.  Key Employee will receive an initial Base Salary at the rate of Two Hundred Seventy-Four Thousand, Nine Hundred Ninety-Nine Dollars and Ninety-Two cents ($274,999.92) per annum payable in periodic installments in accordance with the Company’s normal payroll practices and procedures, which base salary may be increased (but not decreased) by the Company from time to time.”

ARTICLE III
OTHER TERMS

3.01    Remaining Terms of the Agreement: Except to the extent specifically provided herein to the contrary in this Amendment, all terms, conditions, understandings and agreements between the Parties, as set forth in the Agreement shall be binding upon and inure to the benefit of each of the respective Parties, as set forth in the Agreement.

3.02    Severability Clause: If any portion of this Amendment (or the Agreement, as extended hereunder), is held to be invalid or unenforceable for any reason by a court or governmental authority of competent jurisdiction, then such portion will be deemed to be stricken and the remainder of the document(s) shall continue in full force and effect.

3.03    Headings: The headings are for convenience only and may not be used to construe or interpret this Amendment.

3.04    Counterparts and Signatures: This Amendment may be executed in one or more counterparts, and by each of the respective Parties hereto on separate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. For purposes of this Amendment, facsimile and electronically transmitted signatures shall be deemed originals for all proposes.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment effective as of the date first above written.

THE COMPANY
ORION MARINE GROUP, INC.

By: __/S/_J. M. Pearson__________
J. M. Pearson, President & CEO
Date:  3-11-2013
    

KEY EMPLOYEE

__/S/ James L. Rose_____________
Name:  James L. Rose
Date:    3-11-2013P Buchler employment agreement Ex 10.18

Second Amendment to

EMPLOYMENT AGREEMENT
________PETER R. BUCHLER________

This Second Amendment (this “Amendment”) made effective as of July 1, 2013, to that certain EMPLOYMENT AGREEMENT, dated as of December 4, 2009, as Amended (the “Agreement”), is by and between Orion Marine Group, Inc., a Delaware corporation (the “Company”), and Mr. Peter R. Buchler (the “Key Employee”).  

W I T N E S S E T H:
WHEREAS, the Company has identified the below signed individual as a Key Employee who is an integral part of the Company’s operation and management and as a result entered into the Agreement with him;
WHEREAS, the Company recognizes the undersigned individual’s ongoing efforts as a Key Employee and desires to continue to reward those efforts to protect and enhance the best interests of the Company; 
WHEREAS, the Agreement, as Amended, shall expire on June 30, 2013; and both the Company and the Key Employee desire to extend the Agreement for an additional two (2) year period; and
NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements set forth below, the parties hereto agree as follows:
ARTICLE I
PURPOSE, DEFINITIONS AND INTERPRETATIONS
1.Purpose. The purpose of this Second Amendment to the Agreement is to evidence the Parties’ mutual agreement to a two (2) year extension to the Agreement under the terms and conditions as hereinafter provided.
2.Definitions. Any capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Agreement.
3.Interpretations. In this Amendment, unless a clear contrary intention appears, (a) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Amendment as a whole and not to any particular Article, Section or other subdivision; (b) reference to any Article or Section, means such Article or Section hereof; and (c) the word “including” (and with correlative meaning “include”) means including, without limiting the generality of any description preceding such terms.

ARTICLE II
AGREEMENT

The parties hereby mutually agree to the following terms as reflected below.

2.1    Term.  Notwithstanding the provision contained in Section 2.1 of the Agreement, as Amended, that the “Agreement may be extended for an additional period at the end of the Initial Term (“Renewal Term”) upon the mutual agreement of the parties entered into at least 30 days prior to the end of the Initial Term”, the Parties do hereby mutually agree to waive and delete the “30 days prior” requirement and do hereby mutually agree that Section 2.1 of the Agreement shall, effective as of the date first written above and forever thereafter be supersede and replaced with the following:
“The term of the Agreement shall commence on the Effective Date of the Agreement and end on June 30, 2011 (the “Initial Term”); however, the Agreement was extended by Amendment dated effective July 1, 2011 for an additional term of two (2) years commencing July 1, 2011 to June 30, 2013 and is now further extended (a) for a third two (2) year term commencing July 1, 2013 to June 30, 2015 and (b) for such other subsequent periods of time as from time to time may be mutually agreed between the Parties prior to the end of any such respective extended term.”

2.2    Compensation. 
Base Salary.  During the Initial Term, the Key Employee has received one or more increases in Base Salary and therefore it is appropriate to reflect said increase(s) in the Base Salary provision of the Agreement and, as a result, the Parties do hereby mutually agree that Section 2.3 (a) of the Agreement shall, effective as of the date first written above and forever thereafter be supersede and replaced with the following:
“(a) Base Salary.  Key Employee will receive an initial Base Salary at the rate of Two Hundred Forty-Seven Thousand, Two Hundred Dollars and zero cents ($247,200.00) per annum payable in periodic installments in accordance with the Company’s normal payroll practices and procedures, which base salary may be increased (but not decreased) by the Company from time to time.”

ARTICLE III
OTHER TERMS

3.01    Remaining Terms of the Agreement: Except to the extent specifically provided herein to the contrary in this Amendment, all terms, conditions, understandings and agreements between the Parties, as set forth in the Agreement shall be binding upon and inure to the benefit of each of the respective Parties, as set forth in the Agreement.

3.02    Severability Clause: If any portion of this Amendment (or the Agreement, as extended hereunder), is held to be invalid or unenforceable for any reason by a court or governmental authority of competent jurisdiction, then such portion will be deemed to be stricken and the remainder of the document(s) shall continue in full force and effect.

3.03    Headings: The headings are for convenience only and may not be used to construe or interpret this Amendment.

3.04    Counterparts and Signatures: This Amendment may be executed in one or more counterparts, and by each of the respective Parties hereto on separate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. For purposes of this Amendment, facsimile and electronically transmitted signatures shall be deemed originals for all proposes.
Signature Page
4

    
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment effective as of the date first above written.

THE COMPANY
ORION MARINE GROUP, INC.

By: ___/S/ J. Michael Pearson_________
J. Michael Pearson, President & CEO
Date:  June 26, 2013
    

KEY EMPLOYEE

__/S/ Peter R. Buchler_______________
Name:  Peter R. Buchler
Date:    June 26, 2013

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