Document:

tmok2009ex10_25.htm

    Exhibit
10.25

     

    

      

      NONCOMPETITION
AGREEMENT

      

      THIS AGREEMENT, dated as of _________
__, 2008 and effective as of January 1, 2009 is made by and between
__________________ (the "Employee"), and
Thermo Fisher Scientific Inc., a Delaware corporation whose principal offices
are located at 81 Wyman Street, Waltham, Massachusetts 02454 ("Employer").

      

      WHEREAS, Employer, including its
subsidiaries and affiliates, is the world leader in the manufacture, development
and distribution of scientific and diagnostic instruments, equipment, supplies,
workstations and chemicals used by clinical and research laboratories,
universities and other life and health sciences customers, as well as diagnostic
instruments, test materials and related products for clinical laboratories; and
teaching aids for science education.  In addition, Employer is a
leading supplier of occupational health and safety products and maintenance,
repair and operating materials. Employer is also a pioneer in the development of
electronic and internet purchasing, marketing and distribution
systems.

      

      WHEREAS, Employer has developed and
continues to develop and use certain trade secrets, customer lists and other
proprietary and confidential information and data, which Employer has spent a
substantial amount of time, effort and money, and will continue to do so in the
future, to develop or acquire such proprietary and confidential information and
to promote and increase its good will.

      

      NOW, THEREFORE, in consideration of
Employee’s continued employment by Employer or a subsidiary or affiliate
thereof, and Employee’s compensation, in particular additional valuable
consideration including, but not limited to Employee’s eligibility to
participate in Employer’s Executive Severance Policy, which is conditioned, at
least in part, upon Employee’s execution and delivery of this Agreement,
Employee understands and agree to the following:

      

      Section
1.            
Employee recognizes and acknowledges that it is essential for the proper
protection of the Employer’s legitimate business interests that Employee be
restrained for a reasonable period following the termination of Employee’s
employment with the Employer, either voluntarily or involuntarily, from
competing with Employer as set forth below.

      

      Employee acknowledges and agrees that
during the term of Employee’s employment with Employer, and for a period of
eighteen (18) months thereafter, Employee will not, directly or indirectly,
engage, participate or invest in or be employed by any business within the
Restricted Area, as defined below, which: (i) develops or manufactures products
which are competitive with or similar to products developed or manufactured by
Employer; (ii) distributes, markets or otherwise sells, either through a
direct sales force or through the use of the Internet, products manufactured by
others which are competitive with or similar to products distributed, marketed
or sold by Employer; or (iii) provide services, including the use of the
Internet to sell, market or distribute products, which are competitive with or
similar to services provided by Employer, including, in each case, any products
or services Employer has under development or which are the subject of active
planning at any time during the term of Employee’s employment. The
foregoing restrictions shall apply regardless of the capacity in which Employee
engages, participates or invests in or is employed by a given business, whether
as owner, partner, shareholder, consultant, agent, employee, co-venturer or
otherwise.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      “Restricted Area” shall mean each state
and territory of the United States of America and each country of the world
outside of the United States of America in which Employer had developed,
marketed, sold and/or distributed its products and/or services within the last
two (2) years of Employee’s employment.

      

      Section
2.            
During the term of Employee’s employment with Employer and for a period of
eighteen (18) months after termination of the Employee’s employment with the
Employer for any reason, Employee will not: (i) employ, hire, solicit, induce or
identify for employment or attempt to employ, hire, solicit, induce or identify
for employment, directly or indirectly, any employee(s) of the Employer to leave
his or her employment and become an employee, consultant or representative of
any other entity including, but not limited to, Employee’s new employer, if any;
and/or (ii) solicit, aid in or encourage the solicitation of, contract with, aid
in or encourage the contracting with, service, or contact any person or entity
which is or was, within the two (2) years prior to Employee’s termination of
employment with Employer, a customer or client of Employer, for purposes of
marketing, offering or selling a product or service competitive with
Employer.

      

      Section
3.             For
the period of eighteen (18) months immediately following the end of Employee’s
employment by Employer, Employee will inform each new employer, prior to
accepting employment, of the existence of this Agreement and provide that
employer with a copy of this Agreement.

      

      Section
4.             Employee
understands and agrees that the provisions of this section shall not prevent
Employee from acquiring or holding publicly  traded
stock or other publicly traded securities of a business, so long as Employee’s
ownership does not exceed 1% percent of the outstanding securities of such
company of the same class as those held by Employee or from engaging in any
activity or having an ownership interest in any business that is reviewed by the
Board of Directors of Employer.

      

      Section
5.             Employee
acknowledges that the time, geographic and scope of activity limitations set
forth herein are reasonable and necessary to protect the Employer’s legitimate
business interests.  However, if in any judicial proceeding a court
refuses to enforce this Agreement, whether because the time limitation is too
long or because the restrictions contained herein are more extensive (whether as
to geographic area, scope of activity or otherwise) than is necessary to protect
the legitimate business interests of Employer, it is expressly understood and
agreed between the parties hereto that this Agreement is deemed modified to the
extent necessary to permit this Agreement to be enforced in any such
proceedings.

      

      Section
6.            
Employee further acknowledges and agrees that it would be difficult to measure
any damages caused to Employer which might result from any breach by Employee of
any of the promises set forth in this Agreement, and that, in any event, money
damages would be an inadequate remedy for any such
breach.  Accordingly, Employee acknowledges and agrees that if he or
she breaches or threatens to breach, any portion of this Agreement, Employer
shall be entitled, in addition to all other remedies that it may have: (i) to an
injunction or other appropriate equitable relief to restrain any such breach
without showing or proving any actual damage to Employer; and (ii) to be
relieved of any obligation to provide any further payment or benefits to
Employee or Employee’s dependents.

      
        
           

        

        
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Section
7.             Employee
acknowledges and agrees that should it become necessary for Employer to file
suit to enforce the covenants contained herein, and any court of competent
jurisdiction awards the Employer any damages and/or an injunction due to the
acts of Employee, then the Employer shall be entitled to recover its reasonable
costs incurred in conducting the suit including, but not limited, reasonable
attorneys’ fees and expenses.

      

      Section
8.             The
Employee acknowledges and agrees that this Agreement does not constitute a
contract of employment and does not imply that Employer or any of its
subsidiaries will continue the Employee's employment for any period of
time.

      

      Section
9.             This
Agreement represents the entire understanding of the parties with respect to the
subject matter hereof and any previous agreements or understandings between the
parties regarding the subject matter hereof are merged into and superseded by
this Agreement.

      

      Section
10.           This
Agreement cannot be modified, amended or changed, nor may compliance with any
provision hereof be waived, except by an instrument in writing executed by the
party against whom enforcement of such modification, amendment, change or waiver
is sought.  Any waiver by a party of the breach of any provision of
this Agreement shall not operate or be construed as a waiver of any other breach
of such provision or of any breach of any other provision of this
Agreement.  The failure of a party to insist upon strict compliance
with any provision of this Agreement at any time shall not deprive such party of
the right to insist upon strict compliance with such provision at any other time
or of the right to insist upon strict compliance with any other provision hereof
at any time.

      

      Section
11.           All
notices, requests, demands, consents and other communications which are required
or permitted hereunder shall be in writing, and shall be deemed given when
actually received or if earlier, two days after deposit with the U.S. postal
authorities, certified or registered mail, return receipt requested, postage
prepaid or two days after deposit with an internationally recognized air courier
or express mail, charges prepaid, addressed as follows:

      

      If to Employer:

      

      Thermo Fisher Scientific
Inc.

      81 Wyman Street

      Waltham,
Massachusetts  02454

      Attention:  General
Counsel

      

      If to the Employee, at the address set
forth above, or to such other address as any party hereto may designate in
writing to the other party, specifying a change of address for the purpose of
this Agreement.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

                      Section
12.           This
Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.

      

      Section
13.           This
Agreement shall be construed and interpreted in accordance with, and shall be
governed exclusively by, the laws of the Commonwealth of Massachusetts and the
federal laws of the United States of America.

      

      Section
14.           THE
EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE HAS CAREFULLY READ THIS AGREEMENT AND
HAS HAD ADEQUATE TIME AND OPPORTUNITY TO CONSULT WITH AN ATTORNEY OF THE
EMPLOYEE'S OWN CHOOSING REGARDING THE MEANING OF THE TERMS AND CONDITIONS
CONTAINED HEREIN, AND THE EMPLOYEE FURTHER ACKNOWLEDGES THAT THE EMPLOYEE FULLY
UNDERSTANDS THE CONTENT AND EFFECT OF THIS AGREEMENT AND AGREES TO ALL OF THE
PROVISIONS CONTAINED HEREIN.

      

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

       

      EMPLOYEE:                                                                     
THERMO FISHER SCIENTIFIC INC.

      

      

      __________________________         By:
________________________________

      [Insert
Name]                                                                            
Name:

                                                                                                          
Title:

       

       

      

      

      

      
        
           

        

        
          4sixthamendmencragrmnt.htm

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      
        

         

        Exhibit
10.27

         

        

      

      SIXTH
AMENDMENT TO FIRST AMENDED AND

       

      RESTATED
CREDIT AGREEMENT

       

      among

       

      SWIFT
ENERGY COMPANY

       

      SWIFT
ENERGY OPERATING, LLC

       

      THE
LENDERS PARTY HERETO

       

      and

       

      JPMORGAN
CHASE BANK, N.A.,

       

      as
Administrative Agent

       

      

       

      Effective

       

      November
10, 2009

       

      ______________________________________________________________________________

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Table of
Contents

       

       

      Article
I                  DEFINITIONS
AND
INTERPRETATION                                                                    
1

       

      1.1               Terms
Defined
Above                                                                                                           1

      1.2               Terms
Defined in Credit
Agreement                                                                                    1 

      1.3               References                                                                                                                               1

      1.4               Articles
and
Sections                                                                                                            
2

      1.5               Number
and
Gender                                                                                                               
2

       

      Article
II                  AMENDMENTS                                                                                                              
2

       

       

      Article
III                  RATIFICATION                                                                                                             
3

       

       

      Article
IV                  MISCELLANEOUS                                                                                                         
3

       

      4.1               Successors
and
Assigns                                                                                                      
3

      4.2               Rights
of Third
Parties                                                                                                          
3

      4.3               Counterparts                                                                                                                           
3

      4.4               Integration                                                                                                                              
3

      4.5               Severability                                                                                                                             
3

      4.6               Governing
Law                                                                                                                       
3

      

       

      
        
          
            
              	 
      	
                      - i
      -

                    	 
      

            

            

            

          

           

        

        
           

          
            

          

        

        
           

        

      

      SIXTH AMENDMENT TO FIRST
AMENDED AND

       

      RESTATED CREDIT
AGREEMENT

       

      This
SIXTH AMENDMENT TO FIRST AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) executed
effective as of November 10, 2009 (the “Effective Date”) is
by and among SWIFT ENERGY COMPANY, a Texas corporation (“New Swift”), SWIFT
ENERGY OPERATING, LLC, a Texas limited liability company and successor by merger
to the Texas corporation formerly known as Swift Energy Company (“Operating” and New
Swift and Operating, collectively, the “Borrower”), the
lenders party to that certain First Amended and Restated Credit Agreement dated
as of June 29, 2004 by and among the Texas corporation then known as Swift
Energy Company, the lenders party thereto or bound thereby from time to time
(the “Lenders”), and Bank
One, NA, as administrative agent for such lenders (as amended to the Effective
Date, the “Credit
Agreement”), and JPMORGAN CHASE BANK, N.A., a national banking
association and successor by merger to Bank One, NA, as administrative agent for
such Lenders (in such capacity, the “Agent”).

       

      W I T N E S S E T H:

       

      WHEREAS,
the Borrower, the Lenders and the Agent are parties to the Credit Agreement;
and

       

      WHEREAS,
the Borrower, the Lenders and the Agent desire to amend the Credit Agreement in
the particulars hereinafter provided;

       

      NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements contained in the Credit Agreement and herein, the parties hereto
agree as follows:

       

      ARTICLE
I

       

      DEFINITIONS AND
INTERPRETATION

       

      1.1 Terms Defined
Above.  As used in this Sixth Amendment to First Amended and
Restated Credit Agreement, each of the terms “Agent,” “Amendment,” “Borrower,” “Credit Agreement,”
“Effective
Date,” “Lenders,” “New Swift and “Operating” shall have
the meaning assigned to such term hereinabove.

       

      1.2 Terms Defined in Credit
Agreement.  Each term defined in the Credit Agreement and used
herein without definition shall have the meaning assigned to such term in the
Credit Agreement, unless herein expressly provided to the contrary.

       

      1.3 References.  References
in this Amendment to Exhibit, Article or Section numbers shall be to Exhibits,
Articles or Sections of this Amendment, unless expressly stated to the
contrary.  References in this Amendment to “hereby,” “herein,”
“hereinafter,” “hereinabove,” “hereinbelow,” “hereof,” “hereunder” and words of
similar import shall be to this Amendment in its entirety and not only to the
particular Schedule, Exhibit, Article, or Section in which such reference
appears.  Specific enumeration herein shall not exclude the general
and, in such regard, the terms “includes” and “including” used herein shall mean
“includes, without limitation,” or “including, without limitation,” as the case
may be, where appropriate.  Except as otherwise indicated, references
in this Amendment to statutes, sections, or regulations are to be construed as
including all statutory or regulatory provisions 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

        consolidating,
amending, replacing, succeeding, or supplementing the statute, section, or
regulation referred to.  References in this Amendment to “writing”
include printing, typing, lithography, facsimile reproduction, and other means
of reproducing words in a tangible visible form.  References in this
Amendment to amendments and other contractual instruments shall be deemed to
include all exhibits and appendices attached thereto and all subsequent
amendments and other modifications to such instruments, but only to the extent
such amendments and other modifications are not prohibited by the terms of the
Credit Agreement or this Amendment.  References in this Amendment to
Persons include their respective successors and permitted
assigns.

      

       

      1.4 Articles and
Sections.  This Amendment, for convenience only, has been
divided into Articles and Sections; and it is understood that the rights and
other legal relations of the parties hereto shall be determined from this
instrument as an entirety and without regard to the aforesaid division into
Articles and Sections and without regard to headings prefixed to such Articles
or Sections.

       

      1.5 Number and
Gender.  Whenever the context requires, reference herein made
to the single number shall be understood to include the plural; and likewise,
the plural shall be understood to include the singular.  Definitions
of terms defined in the singular or plural shall be equally applicable to the
plural or singular, as the case may be, unless otherwise
indicated.  Words denoting sex shall be construed to include the
masculine, feminine and neuter, when such construction is appropriate; and
specific enumeration shall not exclude the general but shall be construed as
cumulative.

       

      ARTICLE
II

       

      AMENDMENTS

       

      Effective
as of the Effective Date, the Borrower, the Lenders and the Agent hereby amend
Section 2.5 of the Credit Agreement to read as follows in its
entirety:

       

      “2.5           Use of Loan Proceeds and
Letters of Credit.  Proceeds of all Loans shall be used (a) to
finance the exploration, development and/or acquisition of Oil and Gas
Properties, (b) to, following the successful pricing of any Permitted
Refinancing Debt and/or New Subordinated Debt and only through March 31, 2010,
redeem or refinance the Senior Notes due 2011, and (c) for any corporate purpose
of the Borrower not prohibited under any Loan Document; provided, however,
notwithstanding any provision of Section 6.16 to the contrary, proceeds of Loans
may not be used to redeem or refinance any Permitted Refinancing Debt or New
Subordinated Debt.  Letters of Credit shall be obtained for any
business activity of the Borrower not prohibited under any Loan Document;
provided, however, Letters of Credit shall not be obtained to support
Indebtedness to any Person not a Lender or in lieu or in support of stay or
appeal bonds in excess of $1,000,000.”

       

      
        
          
          

        

        
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      ARTICLE
III

       

      RATIFICATION

       

      Each of
the Borrower, the Lenders and the Agent does hereby adopt, ratify and confirm
the Credit Agreement, as amended hereby, and each of the other Loan Documents to
which it is a party and acknowledges and agrees that the Credit Agreement, as
amended hereby, and each of the other Loan Documents to which it is a party is
and remains in full force and effect.

       

      ARTICLE
IV

       

      MISCELLANEOUS

       

      4.1 Successors and
Assigns.  This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns
permitted pursuant to the Credit Agreement.

       

      4.2 Rights of Third
Parties.  Except as provided in Section 4.1, all
provisions herein are imposed solely and exclusively for the benefit of the
parties hereto.

       

      4.3 Counterparts.  This
Amendment may be executed by one or more of the parties hereto in any number of
separate counterparts, and all of such counterparts taken together shall be
deemed to constitute one and the same instrument and shall be enforceable as of
the Effective Date upon the execution of one or more counterparts hereof by each
of the parties hereto.  In this regard, each of the parties hereto
acknowledges that a counterpart of this Amendment containing a set of
counterpart execution pages reflecting the execution of each party hereto shall
be sufficient to reflect the execution of this Amendment by each necessary party
hereto and shall constitute one instrument.

       

      4.4 Integration.  This
Amendment constitutes the entire agreement among the parties hereto with respect
to the subject hereof.  All prior understandings, statements and
agreements, whether written or oral, relating to the subject hereof are
superseded by this Amendment.

       

      4.5 Severability.  In
the event that any one or more of the provisions contained in this Amendment
shall for any reason be held invalid, illegal or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other
provision of this Amendment.

       

      4.6 Governing
Law.  this
Amendment shall be deemed to be a contract made under and shall be governed by
and construed in accordance with the laws of the State of Texas, without regard
to principles of such laws relating to conflicts of law.

       

      

       

      (Signatures
appear on following pages)

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, the parties hereto have caused this Sixth Amendment to First
Amended and Restated Credit Agreement to be duly executed and delivered, as of
the Effective Date, by their proper and duly authorized officers.

       

      BORROWER:

      

      SWIFT
ENERGY COMPANY

      

      

      By:           /s/Alton D. Heckaman,
Jr.                                                      

      Alton D. Heckaman, Jr.

      Executive Vice President

      and Chief Financial
Officer

      

      

      By:           /s/Adrian D.
Shelley                                                                

      Adrian D. Shelley

      Treasurer

      

      

      

      SWIFT
ENERGY OPERATING, LLC

      

      

      By:           /s/Alton D. Heckaman,
Jr.                                                      

      Alton D. Heckaman, Jr.

      Executive Vice President

      and Chief Financial
Officer

      

      

      By:           /s/Adrian D.
Shelley                                                                

      Adrian D. Shelley

      Treasurer

      

      

      

      

      

      

      

      (Signatures
continue on following pages)

       

      

       

      

      

      

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      AGENT:

      

      JPMORGAN
CHASE BANK, N.A.,

      as
Administrative Agent

      

      

      By:           /s/Jo Linda
Papadakis                                                                

      Jo Linda Papadakis

      Vice President

      

      

      

      LENDER:

      

      JPMORGAN
CHASE BANK, N.A.

      

      

      By:           /s/Jo Linda
Papadakis                                                                

      Jo Linda Papadakis

      Vice President

      

      

      

      

      

      (Signatures
continue on following pages)

       

      

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
          5

          
            

          

        

        
           

        

      

      LENDER:

      

      BANK OF
SCOTLAND plc

      

      

      By:                                                                

      Name:                                                                

      Title:                                                                

      

      

      

      

      

      (Signatures
continue on following pages)

       

      

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      NATIXIS

      

      

      By:           /s/Donovan C.
Broussard                                                      

      Name:           Donovan C.
Broussard                                                      

      Title:           Managing
Director                                                      

      

      

      

      By:           /s/Liana
Tchernysheva                                                      

      Name:           Laina
Tchernysheva                                                                

      Title:           Director                                                      

      

      

      

      

      

      

      (Signatures
continue on following pages)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      COMPASS
BANK

      

      

      By:           /s/Spencer
Stasney                                                      

      Name:           Spencer
Stasney                                                      

      Title:           Vice
President                                                                

      

      

      

      

      

      (Signatures
continue on following pages)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      SOCIETE
GENERALE

      

      

      By:           /s/Stephen W.
Warfel                                                                

      Name:           Stephen w.
Warfel                                                      

      Title:           Managing
Director                                                      

      

      

      

      

      

      (Signatures
continue on following pages)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      CALYON
NEW YORK BRANCH

      

      

      By:           /s/Sharada
Manne                                                      

      Name:           Sharada
Manne                                                      

      Title:           Director                                                      

      

      

      By:           /s/Dixon
Schultz                                                      

      Name:           Dixon
Schultz                                                                

      Title:           Director                                                      

      

      

      

      

      (Signatures
continue on following pages)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      WELLS
FARGO BANK, NATIONAL ASSOCIATION

      

      

      By:           /s/Doug
McDowell                                                      

      Name:           Doug
McDowell                                                      

      Title:           Vice President, Senior
Portfolio Manager

      

      

      

      

      (Signatures
continue on following pages)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      BNP
PARIBAS

      

      

      

      By:           /s/Douglas R.
Liftman                                                                

      Name:           Douglas R.
Liftman                                                      

      Title:           Managing
Director                                                      

      

      

      

      By:           /s/Richard
Hawthorne                                                                

      Name:           Richard
Hawthorne                                                      

      Title:           Director                                                      

      

      (Signatures
continue on following pages)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      COMERICA
BANK

      

      

      

      By:           /s/Matt
Turner                                                                

      Name:           Matt
Turner                                                      

      Title:           Assistant Vice
President                                                      

      

      

      

      

      (Signatures
continue on following page)

       

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
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      LENDER:

      

      AMEGY
BANK NATIONAL ASSOCIATION

      

      

      By:           /s/Kenneth R. Batson,
III                                           

      Kenneth R. Batson, III

      Vice President

      

      
        	
                5654243v.1

              

      

      

      
        
          
            
              	 
      	
                       

                    	 
      

            

            

            

          

           

        

        
          14

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