|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/08/14 Globalstar, Inc. 10-Q 3/31/14 77:7.9M Toppan Merrill/FA |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 421K
2: EX-10.1 Material Contract HTML 31K
3: EX-31.1 Certification -- §302 - SOA'02 HTML 29K
4: EX-32.1 Certification -- §906 - SOA'02 HTML 24K
51: R1 Document and Entity Information HTML 44K
40: R2 Condensed Consolidated Statements of Operations HTML 93K
49: R3 Condensed Consolidated Balance Sheets HTML 143K
53: R4 Condensed Consolidated Balance Sheets HTML 53K
(Parenthetical)
71: R5 Condensed Consolidated Statements of Cash Flows HTML 138K
42: R6 Basis of Presentation HTML 30K
48: R7 Property and Equipment HTML 43K
36: R8 Long-Term Debt and Other Financing Arrangements HTML 92K
26: R9 Derivatives HTML 57K
72: R10 Fair Value Measurements HTML 90K
55: R11 Accrued Expenses and Non-Current Liabilities HTML 35K
54: R12 Commitments HTML 38K
60: R13 Contingencies HTML 34K
61: R14 Related Party Transactions HTML 39K
58: R15 Income Taxes HTML 34K
62: R16 Accumulated Other Comprehensive Loss HTML 34K
50: R17 Stock Compensation HTML 35K
52: R18 Geographic Information HTML 44K
57: R19 Loss Per Share HTML 28K
77: R20 Supplemental Consolidating Financial Information HTML 178K
66: R21 Property and Equipment (Tables) HTML 44K
45: R22 Long-Term Debt and Other Financing Arrangements HTML 53K
(Tables)
56: R23 Derivatives (Tables) HTML 42K
47: R24 Fair Value Measurements (Tables) HTML 73K
19: R25 Accrued Expenses and Non-Current Liabilities HTML 36K
(Tables)
67: R26 Related Party Transactions (Tables) HTML 28K
74: R27 Accumulated Other Comprehensive Loss (Tables) HTML 30K
31: R28 Stock Compensation (Tables) HTML 30K
30: R29 Geographic Information (Tables) HTML 39K
34: R30 Supplemental Consolidating Financial Information HTML 179K
(Tables)
35: R31 Property and Equipment (Schedule of Property and HTML 43K
Equipment) (Details)
37: R32 Property and Equipment (Capitalized Interest and HTML 32K
Depreciation Expense) (Details)
17: R33 Long-Term Debt and Other Financing Arrangements HTML 48K
(Long-term Debt) (Details)
64: R34 Long-Term Debt and Other Financing Arrangements HTML 38K
(Facility Agreement) (Details)
44: R35 Long-Term Debt and Other Financing Arrangements HTML 33K
(Thermo Loan Agreement) (Details)
46: R36 Long-Term Debt and Other Financing Arrangements HTML 60K
(8.00% Convertible Senior Notes Issued in 2013)
(Details)
22: R37 Long-Term Debt and Other Financing Arrangements HTML 49K
(8.00% Convertible Senior Notes Issued in 2009)
(Details)
76: R38 Long-Term Debt and Other Financing Arrangements HTML 37K
(Warrants Outstanding) (Details)
11: R39 Long-Term Debt and Other Financing Arrangements HTML 34K
(Consent Agreement) (Details)
38: R40 Long-Term Debt and Other Financing Arrangements HTML 43K
(Common Stock Purchase Agreement) (Details)
70: R41 Long-Term Debt and Other Financing Arrangements HTML 41K
(The Common Stock Purchase and Option Agreement)
(Details)
21: R42 Long-Term Debt and Other Financing Arrangements HTML 42K
(Terrapin Opportunity, L.P. Common Stock Purchase
Agreement) (Details)
29: R43 Derivatives (Schedule of Fair Value of Derivative HTML 49K
Instruments) (Details)
33: R44 Derivatives (Schedule of Derivative Gain (Loss)) HTML 32K
(Details)
41: R45 Derivatives (Additional Information) (Details) HTML 41K
16: R46 Fair Value Measurements (Financial Assets and HTML 71K
Liabilities Measured at Fair Value on Recurring
Basis) (Details)
25: R47 Fair Value Measurements (Schedule of Significant HTML 45K
Quantitative Level 3 Inputs Utilized) (Details)
13: R48 Fair Value Measurements (Additional Information) HTML 45K
(Details)
69: R49 Fair Value Measurements (Reconciliation of Assets HTML 36K
and Liabilities Measured at Fair Value on
Recurring Basis) (Details)
20: R50 Accrued Expenses and Non-Current Liabilities HTML 71K
(Details)
65: R51 Commitments (Details) HTML 42K
23: R52 Contingencies (Details) HTML 34K
39: R53 Related Party Transactions (Additional HTML 68K
Information) (Details)
12: R54 Related Party Transactions (Expense Incurred on HTML 30K
Behalf of Company) (Details)
15: R55 Income Taxes (Details) HTML 32K
32: R56 Accumulated Other Comprehensive Loss (Details) HTML 33K
18: R57 Stock Compensation (Additional Information) HTML 40K
(Details)
73: R58 Stock Compensation (Grants to Eligible HTML 31K
Participants of Incentive Stock Options,
Restricted Stock Awards and Restricted Stock
Units) (Details)
43: R59 Geographic Information (Information by Geographic HTML 37K
Area Revenues) (Details)
59: R60 Geographic Information (Information by Geographic HTML 32K
Area, Long-Lived Assets) (Details)
24: R61 Supplemental Consolidating Financial Information HTML 109K
(Supplemental Condensed Consolidating Statement of
Operations) (Details)
27: R62 Supplemental Consolidating Financial Information HTML 192K
(Supplemental Condensed Consolidating Balance
Sheet) (Details)
63: R63 Supplemental Consolidating Financial Information HTML 84K
(Supplemental Condensed Consolidating Statement of
Cash Flows) (Details)
75: XML IDEA XML File -- Filing Summary XML 121K
14: EXCEL IDEA Workbook of Financial Reports XLSX 218K
28: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 1.05M
5: EX-101.INS XBRL Instance -- gsat-20140331 XML 2.01M
7: EX-101.CAL XBRL Calculations -- gsat-20140331_cal XML 222K
8: EX-101.DEF XBRL Definitions -- gsat-20140331_def XML 1.02M
9: EX-101.LAB XBRL Labels -- gsat-20140331_lab XML 2.13M
10: EX-101.PRE XBRL Presentations -- gsat-20140331_pre XML 1.22M
6: EX-101.SCH XBRL Schema -- gsat-20140331 XSD 210K
68: ZIP XBRL Zipped Folder -- 0001144204-14-028341-xbrl Zip 208K
Exhibit 10.1
Portions of this exhibit have been omitted pursuant to a request for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934. Such portions are marked “[*]” in this document; they have been filed separately with the Commission.
GLOBALSTAR, INC.
ANNUAL KEY EMPLOYEE BONUS PLAN
(PLAN YEAR COINCIDING WITH 2014 FISCAL YEAR)
Section 1. Purposes of the Plan
The purposes of this Key Employee Bonus Plan ("Plan") of Globalstar, Inc. ("Company") are:
| · | to reward designated key employees' successful efforts to exceed the Company's financial performance goals for the designated Plan Year, |
| · | to align these employees' financial interests with those of the Company's stockholders, and |
| · | to provide these employees with a competitive, success-based bonus package. |
Section 2. Bonus Pool; Amounts Payable
(a) The pool available for bonus distribution shall be determined based on the Company's Adjusted EBITDA performance during the authorized calendar year ("Plan Year"). The aggregate amount to be distributed under the Plan with respect to the 2014 Plan Year shall be $1,000,000 if the Company's Adjusted EBITDA for the Plan Year is [*] (the "Base EBITDA"). For each 1% of Adjusted EBITDA over the Base EBITDA, the bonus pool will be increased by 1% of the percentage increase in Base EBITDA.
For example, if Plan Year Adjusted EBITDA is [*], the bonus pool will be $1,000,000, if Plan Year Adjusted EBITDA is [*] the bonus pool will be [*], if Plan Year Adjusted EBITDA is [*] the bonus pool will be [*], and so on.
For each 1% of Adjusted EBITDA below Base EBITDA, the bonus pool will be decreased by 2-1/2% of the percentage decrease in Base EBITDA until Adjusted EBITDA declines to less than 80% of Base EBITDA (i.e. less than [*]), after which no bonus will be payable.
For example, if Plan Year Adjusted EBITDA is [*], the bonus pool will be [*], and if Plan Year Adjusted EBITDA is [*] the bonus pool will be [*]. Below [*] of Adjusted EBITDA, no bonus will be payable.
For Plan purposes, Adjusted EBITDA means EBITDA adjusted on a basis consistent with adjusted EBITDA previously reported by the Company, with further adjustments, if necessary, for extraordinary net costs or benefits, spectrum sale or lease proceeds, asset write-offs and other similar items impacting Adjusted EBITDA during the Plan Year as determined at the sole discretion of the Compensation Committee of the Board of Directors ("Committee").
(b) The portion of the pool payable to each participant shall be as recommended by the Chief Executive Officer and approved by the Compensation Committee, acting in its sole discretion.
Section 3. Participants; Eligibility; Payment
(a) The Compensation Committee (the Chairman of the Board of Directors and CEO being also Chairman of the Committee) shall designate the participants in the Plan within 90 days after the beginning of each Plan Year, and will report the roster of participants to the Board. The Plan, and participation of initially-designated key employees, shall be effective retroactive to January 1 of the Plan Year. The CEO, after reporting to the Committee, may also revise the roster of, or designate additional, participants from time to time with participation to be effective from date determined by the CEO.
C:
(b) In order to be eligible to receive this bonus, a participant must be employed by the Company or any of its subsidiaries from the beginning of the Plan Year (subject to express partial year designation under Section 3(a)) and until the first business day that is three (3) business days after the Company files its annual report on Form 10-K for the Plan Year (such day the "Payment Date"). Failure of a participant to remain employed through the Payment Date for any reason whatsoever will terminate all entitlements under the Plan; provided, however, that the Committee may, but shall not be required to approve, on a case-by-case basis, payments under the Plan of prorated bonus for employees who, during the Plan Year, are hired as, or who replace, designated participants. The Committee may also, but shall not be required to, make case-by-case exceptions to termination of Plan participation resulting from termination of service, either during the Plan Year or before the Payment Date, because of death, disability, or voluntary retirement of a participant.
(c) The Company shall make payments on the Payment Date. All payments will be, made in cash or in common stock of the Company as determined by the Committee. If payments are made in stock, the shares shall be distributed accordance with the stock distribution provisions of Company's Amended and Restated 2006 Equity Incentive Plan and shall be fully vested, registered and marketable at the time distributed.
Section 4. Committee
(a) This Plan shall be administered by the Committee, which shall have full authority and discretion to interpret the Plan, to establish, amend and rescind rules relating to the Plan that are not inconsistent with this document, and to make all other determinations that may be necessary or advisable for the Plan's administration.
(b) Any interpretation of the Plan by the
Committee and any
decision by it relating to the Plan shall be final and binding on all persons.
Section 5. Liability for Repayment
In the event that, within two years after the Payment Date, discovered fraud or misrepresentation (as determined by the Committee) should result in a need for the Company to restate its annual financial statements for the Plan Year in a manner that reduces the adjusted EBITDA figure that was used to determine the amount available for distribution under the Plan, then participants who have received distributions under the Plan in excess of the amounts they would have been entitled to receive, but for the fraud or misrepresentation, shall be liable to repay such excess to the Company, without interest, on demand.
Section 6. Plan Not Exclusive
This Plan shall not be construed as limiting the ability or discretion of the Committee to award additional compensation, including without limitation other bonuses, separate and apart from this Plan, to individual participants based upon subjective or other criteria.
C: