Document:

EX-10.17

Exhibit 10.17

[***] — Indicates confidential information. Confidential treatment requested.

Portion omitted filed separately with the Securities and Exchange Commission.

TENTH AMENDMENT TO THE

YOPLAIT MANUFACTURING AND DISTRIBUTION LICENSE AGREEMENT

Between the undersigned:

SODIMA (hereinafter referred to as « SODIMA »), a private limited company incorporated under the
laws of France (Société par Actions Simplifiée) with a capital of 74.147.940 euros, registered with
the Trade and Companies Register in Paris under n° B 440 769 032, with its registered offices at
170 bis Boulevard du Montparnasse, 75014 Paris France, and its administrative offices at 150 rue
Gallieni, 92640 Boulogne-Billancourt France, represented by Mr. Lucien Fa, its chairman, duly
authorized for the purpose of this Amendment,

On the one hand, and

General Mills, Inc. a US Corporation, incorporated in Delaware with its head office located at
Number One General Mills Boulevard, Minneapolis, Minnesota 55426, United States of America
(hereinafter referred to as « GMI »), on behalf of itself and all of its more than fifty percent
(50%) owned or controlled (directly or indirectly) domestic subsidiaries (hereinafter referred to
as « LICENSEE »), represented by Mr. Robert Waldron, duly authorized for the purpose of this
Amendment,

On the other hand,

WHEREAS, « Société de Développements et d’Innovations des Marchés Agricoles et
Alimentaires-Sodima-Union de Coopératives Agricoles » and GMI executed on September 9, 1977 a
YOPLAIT MANUFACTURING AND DISTRIBUTION LICENSE AGREEMENT (hereinafter referred to as the «
Agreement »),

WHEREAS, the rights of « Société de Développements et d’Innovations des Marchés Agricoles et
Alimentaires-Sodima-Union de Coopératives Agricoles » in the Agreement have been transferred to
SODIMA International SA and then to SODIMA,

WHEREAS, the parties wish to amend the Agreement as set forth below.

NOW, THEREFORE, in consideration of the promises herein contained, it is agreed as follows :

1. The definition of « FDP Field» is hereby amended to include the following (hereinafter
collectively referred to as the « Additional Products »):

     [***]

 

 

For the sake of clarity, Additional Products includes, to the extent they meet the criteria of
Subparagraph 1(a), the [***].

2. With respect to Additional Products that fall within Subparagraph 1(a) and Subparagraph 1(b)
above:

(a) the royalty reductions set forth in Sections 4.2 and 4.3 of the Eighth Amendment to the
Agreement (relating to New Product Launch and New Technology) shall not apply to the sales
of such products, and

(b) SODIMA shall have no rights to use any technology (including New Technology or
Improvements) owned solely by LICENSEE for the manufacture and sale of such products in or
outside the Territory; provided, however, that should SODIMA have an interest in obtaining
rights to use any such technology it shall so notify LICENSEE and the parties agree to
negotiate in good faith for a period of ninety (90) days, but neither party shall be
obligated to accept any proposal made by the other.

3. This Tenth Amendment shall be effective upon execution by the parties.

4. All other provisions of the Agreement will remain in full force and effect.

IN WITNESS WHEROF, the parties have caused this Tenth Amendment to be executed in duplicate by
their duly authorized representatives.

	 	 	 	 	 	 	 	 
	GENERAL MILLS, INC.	 	SODIMA
	 
	 	 	 	 	 	 
	By

	 	/s/ Robert F. Waldron
	 	By
	 	/s/ [Illegible]
	 

	 	 

Date 12 January 2009
	 	 	 	 

Date 12 January 2009Exhibit 10.1

 

Summary of 

March 12, 2009 Restricted Stock Awards

for the Executive Officers

of Bakers Footwear Group, Inc.

 

The following table sets forth the amount of restricted stock awarded to each of the executive officers on March 12, 2009:

 

	
            Name and Principal Position (1)
 	
             

Restricted Stock Awards(2)
 
	
            Peter A. Edison
 	
            18,000
 
	
            Chairman of the Board, Chief Executive Officer & President
 	
             
 
	
             
 	
             
 
	
            Stanley K. Tusman
 	
            12,000
 
	
            Executive Vice President —
 	
             
 
	
            Chief Planning Officer
 	
             
 
	
             
 	
             
 
	
            Joseph R. Vander Pluym
 	
            15,000
 
	
            Executive Vice President — Chief  Operations Officer
 	
             
 
	
             
 	
             
 
	
            Mark D. Ianni
 	
            15,000
 
	
            Executive Vice President — Chief Merchandising Officer
 	
             
 
	
             
 	
             
 
	
            Charles R. Daniel, III
 	
            10,000
 
	
            Vice President—Finance, Controller, Treasurer and Secretary
 	
             
 

 

(1)  Messrs. Edison, Ianni, Vander Pluym and Tusman are each a party to a written employment agreement with the Company.  All of the executive officers may be a party to other compensation arrangements with the Company that have been filed as exhibits to the Company’s Annual Report on Form 10-K or in other filings with the Securities and Exchange Commission.  The Company’s executive officers are also eligible to participate in the Bakers Footwear Group, Inc. 2003 Stock Option Plan, as amended, and the Bakers Footwear Group, Inc. 2005 Incentive Compensation Plan, receive matching employer contributions to the Company’s 401(k) plan, participate in other employee benefit plans and receive other forms of compensation.  The Company also pays premiums on a life insurance policy solely for the benefit of Mr. Tusman.

 

(2)  The restricted stock was issued pursuant to the Bakers Footwear Group, Inc. 2005 Incentive Compensation Plan, with the following terms.  The restricted stock fully vests on the fifth anniversary of the grant date, which is March 12, 2014.  Restricted stock awards are generally forfeited if the recipient is terminated, with or without cause, prior to vesting.  However, the Compensation Committee retains the discretion to vest in full, pro-rata, or not at all, restricted stock awards upon death, disability, retirement or otherwise.  The executive officers are entitled to (i) voting rights with respect to all of the restricted stock awarded, and (ii) cash dividends that may be paid by the Company with respect to all of the restricted stock awarded.Exhibit 10.4

 

 

 

 

 

 

March 17, 2009

 

Peter Edison

 

Dear Peter:

 

The 2009 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization), as reported to our sub-debt lender.

 

	
            12.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $  8,800,000
 
	
            20.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $  9,600,000
 
	
            35.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $10,400,000
 
	
            42.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $11,100,000
 
	
            57.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $12,100,000
 
	
            85.83%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $13,100,000
 
	
            99.17%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $14,100,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately and the company achieves at least $8 million in adjusted EBITDA.

 

I will send a quarterly update in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2009 bonus period covers the fiscal months of February 2009 through January 2010.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

I am hopeful that we will make some bonus this year!

 

Sincerely,

 

/s/ Andrew Baur

 

Andrew Baur

Chairman, Compensation CommitteeExhibit 10.5

 

 

 

 

 

 

March 17, 2009

 

Stan Tusman

 

Dear Stan:

 

The 2009 bonus plan reflects the goals for our company this coming year.  Your bonus is based on Adjusted EBITDA (Earnings Before Income Tax Depreciation Amortization), as reported to our sub-debt lenders.

 

	
            7.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $  8,000,000
 
	
            15.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $  8,800,000
 
	
            22.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $  9,600,000
 
	
            30.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $10,400,000
 
	
            37.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $11,100,000
 
	
            50.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $12,100,000
 
	
            62.50%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $13,100,000
 
	
            75.00%
 	
            of your cumulative salary if the company achieves Adjusted EBITDA of
 	
            $14,100,000
 

 

In addition, you will earn 12.5% of your cumulative salary if, in the opinion of the Compensation Committee, you meet the goals outlined in the document provided to you separately and the company achieves at least $8 million in adjusted EBITDA.

 

I will send a quarterly update in conjunction with our earnings announcement to update you on the performance of the company versus the bonus plan.

 

The 2009 bonus period covers the fiscal months of February 2009 through January 2010.  You must be an active employee of Bakers Footwear Group at the time the bonus is paid to be eligible to receive your bonus.

 

I am hopeful that we will make some bonus this year!

 

Sincerely,

 

/s/ Peter Edison

 

Peter Edison

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