Document:

exh10_6.htm

    TWELFTH
      AMENDMENT OF LEASE

    

    

    THIS
      TWELFTH AMENDMENT TO LEASE, dated the _____ day of September, 2007, made by
      and
      among LAKE PARK 1000 WOODBURY ROAD LLC, a Delaware Limited Liability Company
      and
      CLK-HP 1000 WOODBURY ROAD LLC, a Delaware Limited Liability Company, having
      an
      office located at 7600 Jericho Turnpike, Suite 400, Woodbury, New York 11797
      (“Landlord”) and DELTA FUNDING CORPORATION, having an office located at 1000
      Woodbury Road, Woodbury, New York 11797 (“Tenant”).

    

    WHEREAS,
      Landlord is the owner of the real property and building located thereon commonly
      known as and located at 1000 Woodbury Road, Woodbury, New York 11797
      (“Building”); and

    

    WHEREAS,
      pursuant to that certain Agreement of Lease dated November 1, 1993, as amended
      by First Amendment to Lease dated January 20, 1994, Second Amendment to Lease
      dated March 23, 1994, Third Amendment to Lease dated December 8, 1995, Fourth
      Amendment to Lease dated December 8, 1995, Fifth Amendment to Lease dated March
      4, 1996, Assignment dated July 30, 1996, Sixth Amendment to Lease dated August
      28, 1997, Seventh Amendment to Lease dated October 29, 1997, Eighth Amendment
      to
      Lease dated April 2, 1998, Ninth Amendment to Lease dated February 16, 2001,
      Tenth Amendment to Lease dated April 10, 2003 and Eleventh Amendment to Lease
      dated September 9, 2005, between The Tilles Investment Company,
      predecessor-in-interest to Landlord leased to Commercial Capital Corp. of New
      York, predecessor-in-interest to Tenant, portions of the Second (2nd) and Third
      (3rd) floors
      in the
      Building which for all purposes shall be deemed to consist of 94,358 rentable
      square feet and which premises are more particularly described in the Lease
      (“Demised Premises”)  for a Term which expires on March 31, 2008;
      and

    

    WHEREAS,
      Landlord and Tenant now desire to amend the Lease by extending the term thereof,
      and in other respects as hereinafter provided;

    

    NOW
      THEREFORE, in consideration of the sum of $10.00, the mutual agreements of
      parties hereinafter contained and other good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, the parties agree
      as
      follows:

    

    1.           Effective
      upon full execution and delivery of this Twelfth Amendment, the Term of the
      Lease is hereby extended for a period of Two (2) Years commencing on April
      1,
      2008 and continuing through and including March 31, 2010, both dates inclusive
      (the “Extension Term”) upon the terms and conditions set forth
      herein.

    

    2.           From
      April 1, 2008 through March 31, 2009, the annual Basic Rent for the Demised
      Premises shall be $2,781,432.92, payable in equal monthly installments of
      $231,806.15 on the first day of each month during the first year of the
      Extension Term.

    

    3.           From
      April 1, 2009 through March 31, 2010, the annual Basic Rent for the Demised
      Premises shall be $2,878,783.07, payable in equal monthly installments of
      $239,919.37 on the first day of each month during the second year of the
      Extension Term.

    

    4.           Effective
      April 1, 2008, Section 3.4 (A) of the Lease, as previously amended, shall be
      further amended to provide that “...Tenant’s Energy Base =
      $283,074.00...”.

    

    5.           Effective
      April 1, 2008, (a) Section 4.3 (A) of the Lease, as previously amended, shall
      be
      further amended to provide that “Tenant shall pay the sum of $283,074.00 per
      year payable in equal monthly installments of $23,589.50 each in advance.”, and
      (b) the last paragraph of Section 4.4 of the Lease shall be deleted in its
      entirety and replaced with the following: “Notwithstanding the above, upon
      Tenant’s request made monthly in advance of the month for which such overtime
      service is requested, Landlord shall furnish overtime heat and air-conditioning
      service to up to 50,000 square feet reasonably designated by Tenant within
      the
      Demised Premises between the hours of 6:00 P.M. to 9:00 P.M., Monday through
      Friday, exclusive of Holidays, at no additional cost to Tenant, provided
      however, in no event shall Landlord be required to furnish such overtime service
      if the areas designated by Tenant would require Landlord to activate zones
      covering areas in excess of 50,000 square feet.”.

    

    6.           Effective
      upon full execution and delivery of this Twelfth Amendment, Sections 13.2 (A)
      (i) and (ii) shall be amended to provide that an Event of Default shall occur
      if
      Tenant fails to pay any monthly installment of Basic Annual Rent or Additional
      Rent or fails to make any other payment required under the Lease within five
      (5)
      days after written notice of such failure from Landlord.

    

    7.           Tenant
      acknowledges that it is currently in possession of the Demised Premises and
      Landlord shall not be obligated to make any improvements, alterations or repairs
      whatsoever to the Demised Premises and Tenant hereby acknowledges that it has
      accepted possession of the Demised Premises in its current "as-is" physical
      condition.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    8.           The
      following is inserted as Article XXVII of the Lease:

    
      

        ARTICLE
          XXVII

        

        LETTER
          OF CREDIT

      

      Section
        27.1     Tenant shall deposit with Landlord, to ensure
        the faithful performance and observance by Tenant of the terms, provisions,
        conditions and covenants of this Lease  (a) upon execution of this
        Lease, an irrevocable, clean, commercial letter of credit in the sum of
Two Hundred Thirty-One Thousand Eight Hundred Six and 15/100
        ($231,806.15)Dollars (the “First L/C”); and (b) on or
        before February 1, 2008 an irrevocable, clean, commercial letter of credit
        in
        the additional sum of Nine Hundred Twenty-Seven Thousand Two Hundred
        Twenty-Four and 60/100 ($927,224.60)Dollars (the
“Second L/C”), it being intended that there be held by Landlord
        at all times
        during the Extension Term letter(s) of credit in the total amount of One
        Million One Hundred Fifty-Nine Thousand Thirty and 77/100 ($1,159,030.77)
        Dollars (the “L/C Amount”, which First L/C together with the Second L/C
        are hereinafter referred to collectively as the “Letter of Credit”). Tenant
        acknowledges and agrees that such Letter of Credit is intended to be a
        third-party guaranty of Tenant’s obligations under the Lease, and is provided to
        protect Landlord’s right to receive its full, unlimited damages in the event of
        Tenant’s default.  Tenant agrees that, in the event Tenant defaults in
        the performance and observance of the terms, provisions, conditions and
        covenants of the Lease  (including without limitation, the payment of
        Basic or Additional Rent), beyond any applicable notice and cure periods,
        Landlord may use-, or, apply the whole or any part of the L/C Amount to the
        extent required for the payment of Basic Rent, Additional Rent, or any other
        sums as to which Tenant is in default, or for any sum that Landlord may expend
        or may be required to expend by reason of Tenant's default, in respect of
        the
        terms, provisions, conditions and covenants of this Lease (including any
        damages
        or deficiency accrued before or after summary proceedings or other re-entry
        by
        Landlord).  In the event that Landlord applies any portion or all of
        such L/C Amount, Tenant shall forthwith restore the L/C Amount so
        applied.  Tenant covenants that it will not assign or encumber, or
        attempt to assign or encumber the Letter of Credit and that neither Landlord
        nor
        its successors and/or assigns shall be bound by any such assignment, or
        attempted encumbrance.  In the event that no event of default beyond
        any applicable notice and cure periods shall have occurred and be continuing
        at
        the end of the Term, the Landlord shall assist Tenant in the cancellation
        or
        surrender of such Letter of Credit within forty-five (45) days after Tenant
        delivers possession of the Demised Premises to Landlord as provided for in
        this
        Lease.

      

                      
        Section 27.2     In the event of a sale of the
        Building, or Landlord’s interest therein, or of a leasing of the Building,
        Landlord shall transfer the Letter of Credit to the vendee or lessee, and
        Landlord shall thereupon be released by Tenant from all liability for
        the  cancellation or surrender of such Letter of
        Credit.  Tenant shall execute such documents as may be necessary to
        accomplish such transfer or assignment of the Letter of Credit as Landlord
        shall
        reasonably request.

      

                      
        Section 27.3     The Letter(s) of Credit required under
        this Article shall be in the form of an irrevocable, clean, commercial letter
        of
        credit in the amounts specified in this Article, issued by a bank which is
        a
        "money center" bank, is authorized by the State of New York to and does conduct
        banking business in New York State and is a member of the New York Clearing
        House Association, which shall permit Landlord (a) to draw thereon at a bank
        location in Nassau County up to the full amount of the credit evidenced thereby
        in the event of any default by Tenant in the terms, provisions, covenants
        or
        conditions of the Lease beyond any applicable notice and cure periods or
        (b) to
        draw at a bank location in Nassau County the full L/C Amount thereof to be
        held
        as cash security pursuant to this Article if for any reason a Non-Renewal
        Draw
        Event (as such term is hereinafter defined) has occurred.  For
        purposes of this Article, a Non-Renewal Draw Event shall mean, as of the
        thirtieth (30th) day
        immediately
        preceding the expiration date of the Letter of Credit (the “Non-Renewal Draw
        Event Determination Date”), that the letter of Credit is neither renewed nor
        replaced by a letter of credit that meets all of the requirements of this
        Article.  The Letter of Credit (and each renewal thereof, which shall
        then be deemed to be the “Letter of Credit” for all purposes of this Article)
        shall (i) be for a term of not less than one (1) year (except that the last
        Letter of Credit shall be for a term expiring forty-five (45) days after
        the
        Expiration Date); (ii) expressly provide for the issuing bank to notify Landlord
        in writing not less than thirty (30) days prior to its expiration as to its
        renewal or non-renewal, as the case may be, and further provided that if
        a
        Non-Renewal Draw Event has occurred as of the Non-Renewal Draw Event
        Determination Date, the Letter of Credit (and each renewal thereof) shall
        be
        immediately available for Landlord to draw up to the full L/C Amount (to
        be held
        as cash security pursuant to this Article); (iii) be fully transferable by
        the
        beneficiary thereof (and its successors and assigns) without charge or if
        there
        is a charge for such transfer, the charge therefor shall be paid by Tenant
        upon
        demand by Landlord; and (iv) be in form and substance approved by Landlord,
        such
        approval not to be unreasonably withheld, conditioned or delayed.  Not
        less than thirty (30) days prior to the expiration date of each Letter of
        Credit
        (and every renewal thereof), Tenant shall deliver to Landlord a renewal or
        new
        Letter of Credit subject to all of the conditions aforesaid, all to the intent
        and purposes, that a Letter of Credit in the sum of not less than the L/C
        Amount
        shall be in effect during the entire Extension Term of this Lease.  In
        the event that Landlord applies any portion or all of the proceeds of the
        Letter
        of Credit, Tenant shall within ten (10) days of its receipt of written notice
        of
        such application, restore the amount so applied by causing the bank issuing
        the
        Letter of Credit to issue an amendment thereto, or if no Letter of Credit
        was
        then outstanding by causing a new Letter of Credit to be issued so that,
        at all
        times, the amount of the Letter of Credit which may be drawn upon shall be
        at
        least equal to the L/C Amount.  Failure by Tenant to comply with the
        provisions of Section 27.1 through Section 27.3, inclusive shall be deemed
        a
        material default hereunder entitling Landlord to exercise any and all remedies
        as provided in this Lease for default in the payment of Basic Rent and, to
        draw
        on the existing Letter of Credit, or the Security Deposit, if any, up to
        its
        full amount.

      

      Section
        27.4     Notwithstanding anything contained herein to
        the contrary, Tenant, on its own behalf and on behalf of all persons claiming
        through or under Tenant including all creditors, does hereby waive any and
        all
        rights and privileges, so far as is permitted by law, which Tenant and all
        such
        persons might otherwise have under any present or future law, to (i) the
        service
        of any notice of intention to re-enter or institute legal proceedings to
        that
        end, excluding service of process, (ii) redeem the Demised Premises, (iii)
        re-enter or repossess the Demised Premises, or (iv) restore the operation
        of
        this Lease, after Tenant shall have been dispossessed by a judgment or by
        warrant of any court or judge, or after any re-entry by Landlord or after
        any
        expiration or termination of this Lease and the Term, whether such dispossess,
        re-entry, expiration or termination shall be by operation of law or pursuant
        to
        the provisions of this Lease.

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
        Section
          27.5     Solely for the purposes of a proceeding under the
          present or future federal bankruptcy act or any other present or future
          applicable federal, state or other statute or law (a “bankruptcy law”), the
          following terms and conditions have been agreed upon by Landlord and Tenant:
          (a)
          In the event of a default by Tenant under this Lease continuing after the
          filing
          of a voluntary or involuntary petition (a “pre-petition default”) under any
          bankruptcy law, a period exceeding thirty (30) days for curing such default
          shall in no event be deemed reasonable; (b) In order to be deemed adequate
          assurance by Tenant for the cure of any pre-petition default, Tenant, or
          the
          trustee, as the case may be, must (i) deposit with a banking institution
          selected by Landlord securities, in negotiable form, issued by the United
          States
          of America, with a fair market value, at all relevant times, equal to twice
          the
          amount of rent due or the cost, as reasonably estimated by Landlord of
          curing
          the pre-petition default, as the case may be, or (ii) grant to Landlord
          a
          security interest or lien, which shall be superior to any and all claims
          and
          liens, on any of Tenant’s property that is valued at liquidation at twice the
          amount of such rent or cost; (c) In order to be deemed adequate assurance
          by
          Tenant, with respect to the payment of rent due after the filing of a voluntary
          or involuntary petition under any bankruptcy law, Tenant must, at Tenant’s
          election, either (i) deposit with a banking institution selected by Landlord
          securities in negotiable form, issued by the United States of America,
          with a
          fair market value, at all relevant times, of not less than six (6) months’ rent,
          or (ii) grant a security interest or lien, which shall be superior to any
          and
          all applicable claims and liens, in any of Tenant’s property that is valued at
          liquidation at not less than six (6) months' rent.

         

      

      9.            
        Tenant represents and warrants to Landlord that Tenant has not consulted
        nor
negotiated
        with any broker or finder other than CLK/Houlihan-Parnes, LLC and CB Richard
        Ellis, Inc (collectively referred to as the “Broker”) with regards to any of the
        terms of this Twelfth Amendment of Lease.  Tenant agrees to indemnify
        and hold Landlord harmless from and against any and all claims, losses,
        judgments, costs and expenses (including reasonable attorneys' fees and
        disbursements) arising out of any claim or action by any broker or finder
        other
        than Broker for a commission or compensation in connection with this Twelfth
        Amendment of Lease or the transactions contemplated thereby. Landlord agrees
        to
        pay commissions due Broker pursuant to separate written agreement.

      

      10.           (a)  This
        Agreement is hereby tendered to Tenant without obligation on Landlord's part
        and
        in no event shall be deemed to be binding upon Landlord or give Tenant any
        rights unless and until Landlord shall have executed and unconditionally
        delivered an original counterpart of the Agreement to Tenant.

       

                      (b)  This
        Agreement may not be changed, modified or canceled orally.  Except as
        hereinabove modified and amended, and as so modified and amended, the Lease
        is
        hereby ratified and affirmed in all respects and shall be binding upon the
        parties hereto and their respective successors and permitted
        assigns.

      

      IN
        WITNESS WHEREOF, the parties hereto have hereunto set their respective hands
        and
        seals on the day and year first above written.

      

      

                                                                                                     
         LANDLORD:

       

                                                                                                  LAKE
        PARK 1000 WOODBURY ROAD

       

      

                                                                                                      
        By: /s/Andrew M.
        Greenspan          
 

                                                                                    
        Authorized Signatory

       

      

                                                                                                       CLK-HP
        1000 WOODBURY ROAD LLC,

      

      

      By:
        /s/Andrew M.
        Greenspan          
 

                                                                                    Authorized
        Signatory
 

      TENANT:

      

      DELTA
        FUNDING CORPORATION

      

      

       
By:
/s/Morris
        Kutcher                          

       

      
        
          
            
            

          

          
            3exhibit10-1.htm

    EXHIBIT
      10.1

    

    ECLIPSYS
      CORPORATION

    2007
      INCENTIVE COMPENSATION PLAN FOR SPECIFIED OFFICERS

    

    Eclipsys
      Corporation (the “Company”), a Delaware corporation, hereby establishes and
      adopts the following 2007 Incentive Compensation Plan (the “Plan”) to provide
      incentive awards that are intended to qualify as “performance-based
      compensation” within the meaning of Section 162(m) of the Internal Revenue
      Code of 1986, as amended.

    

    1.           PURPOSES
      OF THE PLAN

     

    The
      purposes of the Plan are to advance the interests of the Company and its
      stockholders and assist the Company in attracting and retaining executive
      officers of the Company and its Affiliates who, because of the extent of their
      responsibilities can make significant contributions to the Company’s success by
      their ability, industry, loyalty and exceptional services, by providing
      incentives and financial rewards to such executive
      officers.  

     

    2.           DEFINITIONS

     

    2.1.                      “Affiliate”
      shall mean any corporation, partnership or other organization of which
      the
      Company owns or controls, directly or indirectly, not less than 50% of the
      total
      combined voting power of all classes of stock or other equity
      interests.

     

    2.2           “Award”
      shall mean any amount granted to a Participant under the Plan.

     

    2.3           “Board”
      shall mean the board of directors of the Company.

     

    2.4           “Code”
      shall mean the Internal Revenue Code of 1986, as amended from time to time,
      and
      any successor thereto.

     

    2.5           “Committee”
      shall mean the Compensation Committee of the Board or any subcommittee thereof
      formed by the Compensation Committee to act as the Committee hereunder. For
      purposes of satisfying the requirements of Section 162(m) of the Code and the
      regulations thereunder, the Committee is intended to consist solely of “outside
      directors” as such term is defined in Section 162(m) of the Code.

     

    2.6           “Disability”
      means any physical or mental condition of a Participant that in the opinion
      of
      the Committee renders the Participant incapable of continuing to be an employee
      of the Company and its Affiliates.

     

    2.7           “Participant”
      shall mean the Company’s Chief Executive Officer and each other executive
      officer and other employee of the Company selected by the Committee pursuant
      to
      Section 4.1 to participate in this Plan.

     

    2.8           “Performance
      Criteria” shall mean net sales; revenue; revenue growth or product revenue
      growth; operating income (before or after taxes); pre- or after-tax income
      (before or after allocation of corporate overhead and bonus); earnings per
      share; net income (before or after taxes); return on equity; total shareholder
      return; return on assets or net assets; appreciation in and/or maintenance
      of
      the price of the Shares or any other publicly-traded securities of the Company;
      gross profits; earnings (including earnings before taxes, earnings before
      interest and taxes or earnings before interest, taxes, depreciation and
      amortization); economic value-added models or equivalent metrics; comparisons
      with various stock market indices; reductions in costs; cash flow or cash flow
      per share (before or after dividends); return on capital (including return
      on
      total capital or return on invested capital); cash flow return on investment;
      improvement in or attainment of expense levels or working capital levels;
      operating margins, gross margins or cash margin; year-end cash; debt reductions;
      shareholder equity; market share; product bookings; regulatory achievements;
      and
      implementation, completion or attainment of measurable objectives with respect
      to research, development, products or projects, production volume levels,
      acquisitions and divestitures and recruiting and maintaining
      personnel.

     

    2.9           “Performance
      Period” shall mean the Company’s fiscal year or such other period that the
      Committee, in its sole discretion, may establish.

     

    
      	
              3.  

            	
              ELIGIBILITY
                AND ADMINISTRATION

            

    

     

    3.1.  Eligibility.  The
      individuals eligible to participate in the Plan shall be the Company’s Chief
      Executive Officer and any other executive officer of the Company or an Affiliate
      selected by the Committee to participate in the Plan (each, a
“Participant”).

     

    3.2.  Administration.  (a)
      The Plan shall be administered by the Committee.  The Committee shall
      have full power and authority, subject to the provisions of the Plan and subject
      to such orders or resolutions not inconsistent with the provisions of the Plan
      as may from time to time be adopted by the Board, to: (i) select the
      Participants to whom Awards may from time to time be granted hereunder;
      (ii) determine the terms and conditions, not inconsistent with the
      provisions of the Plan, of each Award, and modify Awards; (iii) determine the
      time when Awards will be granted and paid and the Performance Period to which
      they relate; (iv) determine the performance goals for Awards for each
      Participant in respect of each Performance Period based on any of the
      Performance Criteria and certify the calculation of the amount of the Award
      payable to each Participant in respect of each Performance Period;
      (v) determine whether payment of Awards may be deferred by Participants;
      (vi) interpret and administer the Plan and any Award and any instrument or
      agreement entered into in connection with the Plan or any Award; (vii) correct
      any defect, supply any omission or reconcile any inconsistency in the Plan
      or
      any Award in the manner and to the extent that the Committee shall deem
      desirable to carry it into effect; (viii) establish such rules and
      regulations and appoint such agents as it shall deem appropriate for the proper
      administration of the Plan; and (ix) make any other determination and take
      any other action that the Committee deems necessary or desirable for
      administration of the Plan.

     

    (b)           Decisions
      of the Committee shall be final, conclusive and binding on all persons or
      entities, including the Company, any Affiliate, any Participant and any person
      claiming any benefit or right under an Award or under the Plan.

     

    (c)           To
      the extent not inconsistent with applicable law or the rules and regulations
      of
      the NASDAQ Stock Market (or such other principal securities market on which
      the
      Company’s securities are listed or qualified for trading), including the
      applicable provisions of Section 162(m) of the Code, the Committee may delegate
      to one or more officers of the Company or a committee of officers the authority
      to take actions on its behalf pursuant to the Plan.

     

    4.           AWARDS

     

    4.1.  Performance
      Period; Performance Goals.  Not later than the earlier of (i) 90
      days after the commencement of each fiscal year of the Company and (ii) the
      expiration of 25% of the Performance Period, the Committee shall, in writing,
      designate one or more Performance Periods, determine the Participants for such
      Performance Periods and determine the performance goals for determining the
      Award for each Participant for such Performance Period(s) based on attainment
      of
      specified levels of one or any combination of the Performance
      Criteria.  Such performance goals may be based solely by reference to
      the Company’s performance or the performance of an Affiliate, division, business
      segment or business unit of the Company, or based upon the relative performance
      of other companies or upon comparisons of any of the indicators of performance
      relative to other companies.  The performance goals may have such
      definitions as the Committee may reasonably specify, and the Committee may
      also
      exclude charges related to an event or occurrence or circumstance that the
      Committee determines should appropriately be excluded, including (a)
      restructurings, productivity initiatives, discontinued operations or
      divestitures, extraordinary items, and other unusual or non-recurring charges,
      (b) an event either not directly related to the operations of the Company or
      not
      within the reasonable control of the Company’s management, (c) the cumulative
      effects of tax or accounting changes in accordance with generally accepted
      accounting principles, or (d) implementation of FASB 123(R), the effect of
      acquisitions, financing activities, litigation and settlements, stock splits
      or
      repurchases, and other transactions not in the ordinary course of business
      consistent with recent practice.  Such performance goals shall
      otherwise comply with the requirements of, Section 162(m) of the Code, and
      the regulations thereunder.

     

    4.2.  Certification.  At
      such time as it shall determine appropriate following the conclusion of each
      Performance Period, the Committee shall certify, in writing, the amount of
      the
      Award for each Participant for such Performance Period.

     

    4.3.  Payment
      of Awards.  The amount of the Award actually paid to a
      Participant may, in the sole discretion of the Committee, be less than the
      amount otherwise payable to the Participant based on attainment of the
      performance goals for the Performance Period as determined in accordance with
      Section 4.1.  The actual amount of the Award determined by the
      Committee for a Performance Period shall be paid in cash or, to the extent
      provided in such plan share awards under a shareholder-approved stock plan
      of
      the Company. Payment to each Participant shall be made no later than the
      fifteenth day of the third month following the end of the fiscal year of the
      Company in which the applicable Performance Period ends.

     

    4.4.  Commencement
      or Termination of Employment.  In addition to the requirement
      that a Participant be employed in good standing on the date Awards are generally
      paid in order to receive an Award, if a person becomes a Participant during
      a
      Performance Period (whether through promotion or commencement of employment)
      or
      if a person who otherwise would have been a Participant dies, retires or is
      Disabled, or if the person’s employment is otherwise terminated, during a
      Performance Period (except for cause, as determined by the Committee in its
      sole
      discretion), the Award payable to such a Participant may, in the discretion
      of
      the Committee, be proportionately reduced based on the period of actual
      employment during the applicable Performance Period.

     

    4.5.  Maximum
      Award.  The maximum dollar value of an Award payable to any
      Participant for any 12-month period is $2,000,000.

     

    5.           MISCELLANEOUS

     

    5.1.  Amendment
      and Termination of the Plan.  The Board may, from time to time,
      alter, amend, suspend or terminate the Plan as it shall deem advisable, subject
      to any requirement for stockholder approval imposed by applicable law, including
      Section 162(m) of the Code.  No amendments to, or termination of, the
      Plan shall in any way impair the rights of a Participant under any Award
      previously granted without such Participant’s consent.  If not sooner
      terminated by the Board, the Plan will terminate at the end of the Performance
      Period during which occurs the first stockholder meeting in the fifth year
      following the year in which Stockholders first approve the Plan unless the
      Plan
      as a whole or the Performance Criteria are re-approved by the stockholders
      of
      the Company.

     

    5.2.  Section
      162(m) of the Code.  Unless otherwise determined by the
      Committee, the provisions of this Plan shall be administered and interpreted
      in
      accordance with Section 162(m) of the Code to ensure the deductibility by the
      Company of the payment of Awards.

     

    5.3.  Tax
      Withholding.  The Company or an Affiliate shall have the right to
      make all payments or distributions pursuant to the Plan to a Participant, net
      of
      any applicable federal, state and local taxes required to be paid or
      withheld.  The Company or an Affiliate shall have the right to
      withhold from wages, Awards or other amounts otherwise payable to such
      Participant such withholding taxes as may be required by law, or to otherwise
      require the Participant to pay such withholding taxes.  If the
      Participant shall fail to make such tax payments as are required, the Company
      or
      an Affiliate shall, to the extent permitted by law, have the right to deduct
      any
      such taxes from any payment of any kind otherwise due to such Participant or
      to
      take such other action as may be necessary to satisfy such withholding
      obligations.  

     

    5.4.  Right
      of Discharge Reserved; Claims to Awards.  Nothing in this Plan
      shall provide any Participant a right to receive any Award or payment under
      the
      Plan with respect to a Performance Period.  Nothing in the Plan nor
      the grant of an Award hereunder shall confer upon any Participant the right
      to
      continue in the employment of the Company or an Affiliate or affect any right
      that the Company or an Affiliate may have to terminate the employment of (or
      to
      demote or to exclude from future Awards under the Plan) any such Participant
      at
      any time for any reason.  Except as specifically provided by the
      Committee, the Company shall not be liable for the loss of existing or potential
      profit from an Award granted in the event of the termination of employment
      of
      any Participant.  No Participant shall have any claim to be granted
      any Award under the Plan, and there is no obligation for uniformity of treatment
      of Participants under the Plan.

     

    5.5.  Nature
      of Payments.  All Awards made pursuant to the Plan are in
      consideration of services performed or to be performed for the Company or an
      Affiliate, division or business unit of the Company.  Any income or
      gain realized pursuant to Awards under the Plan constitute a special incentive
      payment to the Participant and shall not be taken into account, to the extent
      permissible under applicable law, as compensation for purposes of any of the
      employee benefit plans of the Company or an Affiliate except as may be
      determined by the Committee or by the Board or board of directors of the
      applicable Affiliate.

     

    5.6.  Other
      Plans.  Nothing contained in the Plan shall prevent the Board
      from adopting other or additional compensation arrangements, subject to
      stockholder approval if such approval is required; and such arrangements may
      be
      either generally applicable or applicable only in specific cases.

     

    5.7.  Severability.  If
      any provision of the Plan shall be held unlawful or otherwise invalid or
      unenforceable in whole or in part by a court of competent jurisdiction, such
      provision shall (a) be deemed limited to the extent that such court of competent
      jurisdiction deems it lawful, valid and/or enforceable and as so limited shall
      remain in full force and effect, and (b) not affect any other provision of
      the Plan or part thereof, each of which shall remain in full force and
      effect.  If the making of any payment or the provision of any other
      benefit required under the Plan shall be held unlawful or otherwise invalid
      or
      unenforceable by a court of competent jurisdiction, such unlawfulness,
      invalidity or unenforceability shall not prevent any other payment or benefit
      from being made or provided under the Plan, and if the making of any payment
      in
      full or the provision of any other benefit required under the Plan in full
      would
      be unlawful or otherwise invalid or unenforceable, then such unlawfulness,
      invalidity or unenforceability shall not prevent such payment or benefit from
      being made or provided in part, to the extent that it would not be unlawful,
      invalid or unenforceable, and the maximum payment or benefit that would not
      be
      unlawful, invalid or unenforceable shall be made or provided under the
      Plan.

     

    5.8.  Construction.  As
      used in the Plan, the words “include” and “including,” and
      variations thereof, shall not be deemed to be terms of limitation, but rather
      shall be deemed to be followed by the words “without
      limitation.”

     

    5.9.  Unfunded
      Status of the Plan.  The Plan is intended to constitute an
“unfunded” plan for incentive compensation and deferred compensation if
      permitted by the Committee.  With respect to any payments not yet made
      to a Participant by the Company, nothing contained herein shall give any such
      Participant any rights that are greater than those of a general creditor of
      the
      Company.  

     

    5.10.  Governing
      Law.  The Plan and all determinations made and actions taken
      thereunder, to the extent not otherwise governed by the Code or the laws of
      the
      United States, shall be governed by the laws of the State of Delaware, without
      reference to principles of conflict of laws that might result in the application
      of the laws of another jurisdiction, and shall be construed
      accordingly.

     

    5.11.  Effective
      Date of Plan.  The Plan shall be effective on the date of the
      approval of the Plan by the holders of the then outstanding securities of the
      Company entitled to vote generally in the election of directors.  The
      Plan shall be null and void and of no effect if the foregoing condition is
      not
      fulfilled.  

     

    5.12.  Captions.  The
      captions in the Plan are for convenience of reference only, and are not intended
      to narrow, limit or affect the substance or interpretation of the provisions
      contained herein.

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