Document:

exv10w7

 

Exhibit 10.7

SYBASE

2004 SALES COMPENSATION PLAN SUMMARY

This Plan Summary Supersedes All Prior Plan Summaries

Thomas Volk

Executive Vice President NA

Executive/WorldWide Field Organization

INCENTIVE COMPENSATION
DETAIL IN ( US Dollar )

Paid ( Quarterly )

	 	 	 	 	 	 	 	 	 	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	Role:
	 	Manager
	Base Salary

	 	 	375,000	 	 	 	56	%	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	Quota Type:
	 	Overlay
	Target Incentive Compensation

	 	 	300,000	 	 	 	44	%	 	 	 	 
	

	 	 	 	 	 	 	 	 	 	Quarterly Distribution:
	 	Ramping
	Total Target Earnings(TTE)

	 	 	675,000	 	 	 	 	 	 	 	 	 

PLAN COMPONENTS IN ( US
Dollar )

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	First	 	Second	 	Third	 	Fourth	 	Annual	 	Annualized	 	Pay
	Component	 	%	 	Incentive	 	Quarter	 	Quarter	 	Quarter	 	Quarter	 	Quota	 	Quota	 	Calculation
	Contribution
	 	 	30	 	 	 	90,000	 	 	 	96,249,000	 	 	 	100,873,000	 	 	 	103,278,000	 	 	 	110,630,000	 	 	 	411,030,000	 	 	 	411,030,000	 	 	ELT Table
	Product Revenue
	 	 	30	 	 	 	90,000	 	 	 	58,849,650	 	 	 	61,079,600	 	 	 	62,871,330	 	 	 	68,615,940	 	 	 	251,416,520	 	 	 	251,416,520	 	 	ELT Table
	License Timeliness NA
	 	 	20	 	 	 	60,000	 	 	 	49,576,000	 	 	 	51,469,000	 	 	 	52,974,000	 	 	 	57,821,000	 	 	 	211,840,000	 	 	 	211,840,000	 	 	Binary Make/Miss, Pay Quarterly
	Pro Services Revenue
	 	 	20	 	 	 	60,000	 	 	 	28,725,000	 	 	 	30,598,000	 	 	 	30,555,000	 	 	 	33,535,000	 	 	 	123,413,000	 	 	 	123,413,000	 	 	ELT Table

	 	 	 
	Accel Gate:

	 	100% annual achievement &
average 100% for Revenue & Margin (>
80%)
	 	 	 
	Remarks:

	 	Margin excludes transfer price and marketing program allocation and includes 1/1 focal

     Information regarding the Timeliness Challenge can be found in Appendix C of the 2004 Terms and Conditions

     

The Plan Participant named above is eligible to participate in the 2004 Revenue Based Incentive Compensation Plan. The Plan is not intended
and shall not be construed to imply a contract of employment between the Plan Participant and Sybase. All interpretations of the
Plan by the Geographic Vice President and General Manager are final, binding and not subject to appeal. Sybase reserves the
right to modify or terminate the Plan at any time, for any reason, or without notice. No Plan Participant has the right to receive payment from
the Plan until all conditions and terms of the Plan have been met by the Plan Participant and the Plan Participant has signed and returned this
Plan Acknowledgment Form to the Sales Compensation Department.

I, the undersigned Plan Participant, have received, read and fully understand the contents of the Sybase
2004 Revenue Based Incentive Compensation Plan (Individual Plan Summary and Plan Terms and Conditions) and agree to the Plan, its
Terms and Conditions. Please sign below.

	 	 	 	 	 	 	 
	
	 	

	Thomas Volk (29155)
	Date
	 	 	Manager Approval
	Date	 
	 	 	 	 	 	 	 
	
	 	 	 	 
	General Manager Signature

	Date	 	 	 	 	 

	 	 	 
	Sybase Proprietary and Confidential

	 	Plan Effective Date: 01/01/2004
	All Incentive compensation is subject to pro-ration based on plan effective date.

	 	Comp Plan Print Date: 03/25/2004<PAGE>
                                                                  Exhibit 10.1

DOW CORNING LETTERHEAD

March 30, 2004                                                  ACCNO.:  30182

Genencor International, Inc.
925 Page Mill Road
Palo Alto, CA 94304
Attn:  General Counsel

To Whom It May Concern:

This will refer to the Research Agreement between Dow Corning Corporation and
Genencor International, Inc. dated October 4, 2001 and the extension dated
February 11, 2003, and December 16, 2003, relating to research in the areas of
biosensors, bioenergy, biomaterials, bioalkylation, biocatalysis, silicon-based
materials, bioseparations and formulations. The present Agreement expires on
March 31, 2004.

Assuming Genencor International, Inc. wishes to continue working with Dow
Corning Corporation, we propose to extend the term of the above-mentioned
Agreement two (2) additional months. The new expiration date will be May 31,
2004. No additional Milestone payments are due from Dow Corning during the time
period of this Extension. All other terms and conditions of the Agreement will
remain the same.

If the above meets with your approval, please have both copies of this letter
signed by an authorized officer of Genencor International, Inc. and return one
fully executed original to:

                             Contract Team (CO1232)
                             Dow Corning Corporation
                             Law Department
                             2200 W. Salzburg Road
                             P.O. Box 994
                             Midland, MI 48686-0994

If you have any questions about this proposal please call the Dow Corning
contact for this agreement, Dave Cornelius at (989) 496-3265.

Very truly yours,                         ACCEPTED

DOW CORNING CORPORATION                   GENENCOR INTERNATIONAL, INC.

By:    /s/ Gregg A. Zank                  By:    /s/ Michael V. Arbige
       -----------------------                   ---------------------

Name:  Gregg A. Zank                      Name:  Michael V. Arbige
       -----------------------                   -----------------

Title: Executive Director                 Title: Sr. Vice President, Technology
       -----------------------                   ------------------------------

Date:  1, April, 2004                     Date:  4/8/04
       -----------------------                   ------

cc:    David J. Cornelius, Dow Corning (CO43M1)<PAGE>
                                                                   Exhibit 10.35

                               Amendment No. 2 to
        the Restated and Amended Joint Venture and Shareholders Agreement
                                     Between
                      General Electric Capital Corporation
                                       and
                       NACCO Material Handling Group, Inc.
                              Dated April 15, 1998

WHEREAS, General Electric Capital Corporation ("GECC") and NACCO Materials
Handling Group, Inc ("NMHG") each have determined that it is in their best
interest to make certain amendments to the above-captioned Agreement (the
"Agreement").

     NOW, THEREFORE, in consideration of the above premises and mutual covenants
contained herein below, the parties hereto hereby agree that as of 01January,
2004, the Agreement is hereby amended as follows:

         1. Section 1(b) shall be amended by adding thereto the following
subjection (ix):

         (ix) All of the financial accommodations set forth in Subsections (vi)
through (vii) above, shall hereinafter collectively be referred to as "Financial
Accommodations."

         2. Section 14(a) shall be amended by replacing the date "December 31,
2002" in the second line thereof with the date "December 31, 2008."

         3. Section 17(a) shall be deleted in its entirety and the following
shall be substituted in its stead:

     (a) NMHG shall supply frontroom personnel (frontroom personnel are those
that primarily dedicate their time to working on Wholesale and Retail Financing
prior to closing and booking), which personnel may comprise the following
positions: managers, field representatives, account representatives, wholesale
administrators and administrative assistants. All such personnel (whether
supplied by NMHG or GECC) will be fully dedicated to the Corporation. Frontroom
staffing, and the costs associated therewith, shall be mutually agreed upon by
the parties from time to time based on the needs of the Corporation. Frontroom
locations will be at Hyster and Yale brand headquarters and/or such other
location(s) designated by Hyster and Yale, respectively. As compensation for the
Frontroom staffing, NMHG shall be entitled to a loan origination fee ("Loan
Origination Fee") composed of the following: a fixed amount equal to $500,000.00
plus a variable amount equal to .9% of the booked Financial Accommodations per
annum.

     4. Section 33 and related Exhibit I is hereby deleted in its entirety.

     5. Section 34 (ii) is hereby deleted in its entirety and the following
shall be substituted in its stead:

     (ii) Retail Rates: GECC shall advise NMHG in writing, from time to time, of
the minimum target standard rates ("Minimum Target Standard Rates") applicable
to Retail Financing. GECC shall give NMHG notice of any change to the Minimum
Target Standard Rates at least

<PAGE>

five Business Days prior to any change thereto. Notwithstanding the foregoing,
Minimum Target Standard Rates shall expire on December 31 of each year;
provided, however, that in the case of any proposed Retail Financing for which
GECC has delivered credit approval to NMHG on behalf of a Customer the Minimum
Target Standard Rates applicable to such proposed Retail Financing shall remain
in effect for 90 days from the date upon which said Customer received such
credit approval. Minimum Target Standard Rate shall be determined from time to
time, as follows:

     All Tax Lease Products - 4.25 over 5 Year SWAP Rates ("Tax Lease Products"
     shall mean all Financial Accommodations recognized by the Internal Revenue
     Service as being a lease other than a capital lease.

     All Quasi/Loans - 3.50 over 5 Year SWAP Rates ("Quasi/Loans" shall mean all
     Financial Accommodations other than Tax Leases.

The applicable SWAP Rate shall be determined as follows:
Based on the Federal Reserve H.15 Statistical Release.

         The Amendment shall become fully effective as of January 1, 2004.
Except as modified hereby, the terms and conditions of the Agreement shall
remain in full force and effect.

         IN WITNESS WHEREOF, the parties hereto have executed this Amendment the
day and year first above written.

GENERAL ELECTRIC CAPITAL                           NACCO MATERIALS HANDLING
CORPORATION                                        GROUP, INC.

By:/s/ Edward J. Simoneau                          By:  /s/ Reginald R. Eklund
   ------------------------------                      -------------------------

        Vice President & General
        Manager - Dealer Financial
Title:  Sevices                                    Title:  President & CEO
      -------------------------------------               ----------------------

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