Jon Melkerson Performance and Retention Award Agreement (2009)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement grants Jon Melkerson a $100,000 performance and retention award for 2009, payable after signing. The award may include performance objectives set by the CEO. If Jon leaves the company during 2009, he must repay the full amount. He may be eligible for similar awards in 2010 and 2011 at the CEO's discretion. The agreement is signed by Jon Melkerson and Jim Wright, with payment authorized by Dave Paterson.

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EX-10.46 4 g22596exv10w46.htm EX-10.46 exv10w46
EXHIBIT 10.46
January 30, 2009
Jon Melkerson will receive a performance and retention award of $100,000, less applicable deductions, payable for 2009, as soon as practical following execution of this document. The award may be subject to addition of performance objectives as determined by the CEO. The employee will reimburse the company for the same amount should he leave the company at any time during 2009.
Jon will be eligible for a similar award for 2010 and 2011 at the discretion of the Chief Executive Officer.
             
/s/ Jim Wright
      /s/ Jon Melkerson    
 
           
Jim Wright
      Jon Melkerson    
Payment verbally authorized by Dave Paterson on January 30, 2009 under the terms of his delegation of authority from the Board of Directors.