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Exhibit 10.10    
    

 
 

Summary of Non-Employee Director and Named Executive Officer Compensation Arrangements    
    

 Director Compensation  

        The following table sets forth current rates of cash compensation for non-employee directors: 

	Annual Retainer:	 	 	 
	 	Chairman	 	$	75,000
	 	Non-employee directors other than Chairman	 	$	24,000
	

Committee Chair Annual Retainer:	
 	
 	

 
	 	Audit Committee	 	$	12,000
	 	Compensation Committee	 	$	6,000
	 	Nominating and Governance Committee	 	$	6,000
	

Board Meeting Attendance Fees	
 	
$	

1,500
	

Committee Meeting Attendance Fees	
 	
$	

1,500

        In
addition to cash compensation, under the terms of our Stock Appreciation Rights and Restricted Stock Plan, non-employee directors receive an annual award of restricted
shares of Cascade totaling $60,000 in value following each annual meeting of shareholders. Twenty-five percent of the restricted shares vest and become free of all restrictions after one
year and an additional 25% vest following each year of director service thereafter. 

        Non-employee
directors are also reimbursed for travel and other expenses attendant to membership on the Board of Directors. 

 Executive Compensation  

        Base Salary.    All of Cascade's named executive officers are at-will employees whose compensation and employment
status may be changed at any time by the Board of Directors. Base salary increases are determined annually by the Board of Directors and become effective on February 1 of each year. The
following table sets forth the current base salaries of Cascade's executive officers and their titles as of the date of filing of Cascade's Form 10-K: 

	Named Executive Officer
	 	Fiscal 2009

Base Salary

	Robert C. Warren, Jr., President and Chief Executive Officer	 	$	540,000
	Richard S. Anderson, Senior Vice President and Chief Financial Officer	 	 	300,000
	Gregory S. Anderson, Senior Vice President-Human Resources(1)	 	 	200,000
	Joseph G. Pointer, Vice President-Finance	 	 	206,000
	Jeffrey K. Nickoloff, Vice President-Corporate Manufacturing	 	 	186,000

	(1)
	Mr. Anderson
will retire effective June 30, 2008. See additional discussion under "Retirement Agreement-G.S. Anderson" below. 

        Annual Incentive.    The named executive officers are also eligible to receive a cash incentive payment following the end of
each fiscal year under an executive incentive plan approved by Cascade's 

 

Board
of Directors. Fiscal 2008 cash incentive payments approved for the executive officers are shown in the following table: 

	Named Executive Officer
	 	Fiscal 2008 Incentive

	Robert C. Warren, Jr., President and Chief Executive Officer	 	$	616,000
	Richard S. Anderson, Senior Vice President and Chief Financial Officer	 	 	309,000
	Gregory S. Anderson, Senior Vice President-Human Resources	 	 	201,000
	Joseph G. Pointer, Vice President-Finance	 	 	201,000
	Jeffrey K. Nickoloff, Vice President-Corporate Manufacturing	 	 	164,000

        Annual
executive cash incentive payments are structured to encourage the building of shareholder value by maximizing Cascade's pre-tax income. The incentive payments of the
executives named above were made under an executive incentive plan for the fiscal year ended January 31, 2008, under which the executives were eligible to receive a specified percentage
(depending on position) of pre-tax income before non-recurring items, incentive payments and certain other expenses ("AIBT") if AIBT exceeded $50 million. The percentage
of AIBT each executive was entitled to receive increased if AIBT exceeded $70 million, and increased again if AIBT exceeded $80 million. Annual incentive payments for each executive were
limited to a maximum award amount if AIBT exceeded $88 million. AIBT for fiscal 2008 was $80.3 million. 

        Under
an executive cash incentive plan for the fiscal year ended January 31, 2009, the executives are eligible to receive a specified percentage of AIBT if AIBT exceeds
$55 million. The percentage of IBT each executive is entitled to receive increases if AIBT exceeds $65 million, and increases again if AIBT exceeds $82 million. Annual incentive
payments for each executive are limited to a maximum award amount if AIBT exceeds $88 million. 

        Long-term Incentive.    The third component of executive compensation for Cascade's executive officers is
long-term incentive awards. Long-term incentive awards granted in fiscal 2008 consisted of awards of stock appreciation rights and restricted stock under our Stock Appreciation
Rights and Restricted Stock Plan. The stock appreciation rights were granted with an exercise price equal to the fair market value of Cascade's common stock on the date of the award, have a term of
10 years and become exercisable ratably over four years. Restricted stock was granted with a three year vesting period. 

        The
number of stock appreciation rights and shares of restricted stock awarded to named executive officers in fiscal 2008 are shown in the following table: 

	Named Executive Officer
	 	Stock Appreciation Rights Awarded in Fiscal 2008
	 	Shares of Restricted Stock Awarded in Fiscal 2008

	Robert C. Warren, Jr., President and Chief Executive Officer	 	—	 	24,000
	Richard S. Anderson, Senior Vice President and Chief Financial Officer	 	—	 	10,000
	Gregory S. Anderson, Senior Vice President-Human Resources	 	—	 	4,400
	Joseph G. Pointer, Vice President-Finance	 	5,000	 	—
	Jeffrey K. Nickoloff, Vice President-Corporate Manufacturing	 	5,000	 	—

        Benefit Plans and Other Arrangements.    Executive officers are also eligible to participate in Cascade's broad-based benefit
programs generally available to all salaried employees, including health, disability, life insurance and defined contribution retirement plan. The executives also receive certain 

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perquisites
offered by Cascade including the use of company automobiles, tax reimbursements related thereto, and reimbursements for annual physicals. 

        Messrs. Warren
and R.S. Anderson are each a party to a Severance Agreement with Cascade, which are Exhibits 10.2 and 10.1, respectively, to Cascade's
Form 10-K for fiscal 2008. 

 Retirement Agreement-G.S. Anderson  

        In January 2008, Gregory S. Anderson, Cascade's Senior Vice President—Human Resources, announced that he will be retiring effective June 30,
2008. Mr. Anderson joined Cascade in 1984 and since that time has had a key role in various global human resource initiatives. Cascade has entered into a consulting agreement with
Mr. Anderson after his retirement to provide continuity in its continued development of its human resource function. The terms of the retirement agreement are outlined below: 

	•
	Cascade
will pay Mr. Anderson a monthly retainer of $4,166 for the period July 1, 2008 until June 30, 2009 for services as requested by it. In addition,
Cascade will pay Mr. Anderson a rate of $165 per hour for all hours spent on consulting assignments in excess of 300 hours during the term of the agreement.

	•
	Stock
appreciation rights previously granted to Mr. Anderson and not vested at June 30, 2008 will expire, in accordance with the terms upon which the rights
were granted.

	•
	Mr. Anderson
will be entitled to exercise any stock appreciation rights vested at June 30, 2008 at any time through September 30, 2009. The extension of
the exercise period to September 30, 2009, represents an extension of the standard 90-day exercise period under terms of the stock appreciation rights as granted.

	•
	Mr. Anderson
will receive an incentive payment of $45,000 on June 30, 2008, which represents 5/12 of the annual target incentive he would be
entitled to under our existing executive incentive plan for fiscal 2009. A final incentive payment will be made when fiscal 2009 incentive payments are made to our other named executive officers.

	•
	All
restricted stock previously granted to Mr. Anderson and not vested as of June 30, 2008 will fully vest at June 30, 2009, subject to
Mr. Anderson's compliance with the retirement agreement.

	•
	Mr. Anderson
and his spouse will be provided with medical and dental coverage through June 30, 2009 under Cascade's health care plan. Mr. Anderson will
contribute towards the cost of health care coverage on the same basis as other Cascade employees.

	•
	Mr. Anderson
will receive title to his company automobile at June 30, 2008 as part of his compensation under this retirement agreement. 

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Exhibit 10.10

Summary of Non-Employee Director and Named Executive Officer Compensation ArrangementsQuickLinks
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Exhibit 10.16    
    

 
 

FOURTH AMENDMENT TO LOAN AGREEMENT    
    

        This FOURTH AMENDMENT TO LOAN AGREEMENT (this "Amendment"), dated as of October 3, 2007, is entered into by
and among CASCADE CORPORATION, an Oregon corporation, (the "Borrower"), the several financial institutions party as of the date hereof to the Loan
Amendment referred to below (collectively called the "Lenders" and individually called a "Lender"), and BANK OF AMERICA, N.A., as agent for itself and
the Lenders (in such capacity, the "Agent"). 

 
 

RECITALS    
    

        A.    The
Borrower, the Lenders and the Agent are parties to a Loan Agreement, dated as of February 28, 2003 (as amended from time to time, the
"Loan Agreement"). 

        B.    Pursuant
to the Loan Agreement, the Lenders have extended and are continuing to extend certain credit facilities to the Borrower. 

        C.    The
Borrower has requested an amendment to the Loan Agreement increasing the amount of permitted capital stock repurchases. 

        D.    The
Agent and Lenders are willing to amend the Loan Agreement, but only as provided, and subject to the terms and conditions contained, in this Amendment. 

        THEREFORE,
for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

        1.    Defined Terms.    Unless otherwise defined herein, each capitalized term used herein shall have the meaning
assigned thereto in the Loan Agreement. 

        2.    Amendment to Loan Agreement.    Upon the effectiveness of, and subject to the terms and conditions contained in,
this Amendment: 

        (a)   Section 7.11(c)
(Capital Stock Repurchases) is hereby deleted and replaced with the following: 

"Section 7.11(c) Capital Stock Repurchases.    During the term of this Agreement, the Borrower shall not purchase or repurchase any of
its capital stock, or other equity interests, including through any redemption, acquisition, cancellation or termination transaction or series of transactions in excess of an aggregate amount of
$150,000,000." 

        3.    Representations and Warranties.    The Borrower hereby represents and warrants to the Agent and the Lenders as
follows: 

        (a)   No
Default or Event of Default has occurred and is continuing. 

        (b)   The
execution, delivery and performance by the Borrower of this Amendment have been duly authorized by all necessary corporate and other action and do not and will not
require any registration with, consent or approval of, or notice to or action by any Person (including any Governmental Person) in order to be effective and/or enforceable. Each of this Amendment and
the Loan Agreement as amended by this Amendment constitutes the legal, valid and binding obligation of the Borrower, enforceable against it, without defense, counterclaim or offset, in accordance with
its terms (subject to the waivers set forth in this Amendment), except as limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the
enforceability of creditors' rights. 

        (c)   All
representations and warranties of the Borrower contained in the Loan Agreement and the statements set forth in the recitals of this Amendment are true and correct on
and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date), in each case, other 

 

than
(i) those that would not be true and correct but for the effectiveness of this Amendment, and (ii) with respect to Section 5.16 of the Loan Agreement, as otherwise disclosed
to the Agent. 

        (d)   The
Borrower is entering into this Amendment on the basis of its own business judgment, without reliance upon the Agent, any Lender or any other Person. 

        4.    Effective Date.    This Amendment will become effective as of the date first set forth above (the
"Effective Date"), provided that each of the following conditions precedent is satisfied on or before
the Effective Date: 

        (a)   the
Agent has received, in sufficient number for each Lender, duly executed originals (or, if elected by the Agent, an executed facsimile copy, to be followed promptly
by delivery of executed originals) of this Amendment, executed by the Borrower and each of the Lenders and acknowledged by the Agent, together with the Guarantor Acknowledgment and Consent attached
hereto, executed by each Guarantor, and such other documentation as Agent shall reasonably require, including, but not limited to, an opinion of counsel to the Borrower, resolutions authorizing the
transaction described herein, and officer's certificates, and a Continuing Guaranty executed by PSM in favor of the Agent and the Lenders. 

        (b)   all
of the representations and warranties contained herein (or incorporated herein by reference) are true and correct as of the Effective Date. 

        5.    No Further Amendments.    Other than the specific amendments of the Loan Agreement as set forth in
Section 2 hereof: (i) nothing contained herein shall be deemed a waiver of any provision, or any other existing or future noncompliance with any provision, of the Loan Agreement
(including the Loan Agreement as amended hereby); and (ii) all of the terms, covenants and provisions of the Loan Agreement are and shall remain in full force and effect. 

        6.    Miscellaneous.    

        (a)   All
references in the Loan Agreement and in the other Loan Documents to the Loan Agreement shall henceforth refer to the Loan Agreement as amended by this Amendment.
This Amendment shall be deemed incorporated into, and a part of, the Loan Agreement. This Amendment is a Loan Document. 

        (b)   This
Amendment is made pursuant to Section 10.1 of the Loan Agreement and shall be binding upon and inure to the benefit of the parties hereto and thereto and
their respective successors and assigns. No third party beneficiaries are intended in connection with this Amendment. 

        (c)   This
Amendment shall be governed by and construed in accordance with the law of the State of Oregon. 

        (d)   This
Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts together shall constitute but one and
the same instrument. Each of the parties hereto understands and agrees that this document (and any other document required herein) may be delivered by any party thereto either in the form of an
executed original or an executed original sent by facsimile transmission to be followed promptly by delivery of a hard copy original, and that receipt by the Agent of a facsimile transmitted document
purportedly bearing the signature of a Lender or the Borrower (or Guarantor) shall bind such Lender or the Borrower (or Guarantor), respectively, with the same force and effect as the delivery of a
hard copy original. Any failure by the Agent to receive the hard copy executed original of such document shall not diminish the binding effect of receipt of the facsimile transmitted executed original
of such document of the party whose hard copy page was not received by the Agent. 

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        (e)   If
any term or provision of this Amendment shall be deemed prohibited by or invalid under any applicable law, such provision shall be invalidated without affecting the
remaining provisions of this Amendment or the Loan Agreement, respectively. 

        (f)    Each
of the provisions set forth in Section 10 of the Loan Agreement is incorporated herein by this reference and made applicable to this Amendment. 

        (g)   The
Borrower covenants to pay to or reimburse the Agent, upon demand, for all reasonable costs and expenses (including reasonable attorneys' fees) incurred in connection
with the development, preparation, negotiation, execution and delivery of this Amendment. 

        (h)   UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY THE LENDERS CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR
PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER'S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION, AND BE SIGNED BY THE LENDERS TO BE ENFORCEABLE.

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        IN
WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered as of the date first written above. 

	CASCADE CORPORATION, as the Borrower	 	BANK OF AMERICA, N.A., as Agent
	

By:	
 	

/s/  JOHN CUSHING      
	
 	

By:	
 	

/s/  TIFFANY SHIN      

	Name:	 	John Cushing
	 	Name:	 	Tiffany Shin

	Title:	 	Treasurer
	 	Title:	 	Assistant Vice President

	 	 	October 3, 2007	 	 	 	October 3, 2007
	

BANK OF AMERICA, N.A., as a Lender	
 	

UNION BANK OF CALIFORNIA, N.A., as a Lender
	

By:	
 	

/s/  ERIC EIDLER      
	
 	

By:	
 	

/s/  STEPHEN SLOAN      

	Name:	 	Eric Eidler
	 	Name:	 	Stephen Sloan

	Title:	 	Senior Vice President
	 	Title:	 	Vice President

	 	 	October 3, 2007	 	 	 	October 3, 2007

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  GUARANTOR ACKNOWLEDGMENT AND CONSENT 

        The
undersigned Guarantor hereby: (i) acknowledges and consents to the terms, and the execution, delivery and performance, of the foregoing Amendment (the
"Amendment") (without implying the need for any such acknowledgment or consent); and (ii) represents and warrants to the Agent and the Lenders
that, both before and after giving effect to the Amendment: (A) its Guaranty remains in full force and effect as an enforceable obligation of such Guarantor (except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforceability of creditors' rights), without defense, counterclaim or offset; and
(B) it is in compliance with all of its covenants contained in its Guaranty and in each other Loan Document applicable to it. The undersigned further represents and warrants to the Agent and
the Lenders that the execution and delivery by such Guarantor of, and the performance by such Guarantor of its obligations under, this Guarantor Acknowledgment and Consent, have been duly authorized
by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or action by any Person (including, without limitation, any
Governmental Person) in order to be effective and/or enforceable. The undersigned remakes as of the Effective Date (as defined in the Amendment) all of the representations and warranties made by it
under its Guaranty. Capitalized terms used herein and not otherwise defined have the respective meanings assigned to them in the Loan Agreement (as defined in the Amendment). 

        IN
WITNESS WHEREOF, the undersigned Guarantor has executed this Guarantor Acknowledgment and Consent by its duly authorized officer as of October     , 2007. 

	 	 	PSM LLC
	

 	
 	

By:	
 	

/s/  JOHN CUSHING      

	 	 	Name:	 	John Cushing

	 	 	Title:	 	Treasurer

	 	 	 	 	October 3, 2007

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Exhibit 10.16

FOURTH AMENDMENT TO LOAN AGREEMENT

RECITALS

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