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Document

Exhibit 10.1

 HYSTER-YALE MATERIALS HANDLING, INC. AND SUBSIDIARIES
Director Fee Policy (Amended Effective as of July 1, 2021)
			
	

This Director fee policy shall apply to each Director of Hyster-Yale Materials Handling, Inc.  (Hyster-Yale) or one of its subsidiaries, other than (i) Directors who are full-time employees of Hyster-Yale or one of its subsidiaries or (ii) Directors who have entered into separate written fee agreements authorized by the Board of Directors and executed by an authorized officer of Hyster-Yale or one of its subsidiaries.

Each Director of Hyster-Yale will receive an annual retainer, of $192,000, payable quarterly in arrears. Each quarterly payment shall consist of $15,500 in cash and $32,500 worth of Hyster-Yale Class A Common Stock, transfer of which is restricted pursuant to the terms of the Hyster-Yale Non-Employee Directors’ Equity Compensation Plan.  

Each Director of Hyster-Yale Group, Inc. who is not a Director of Hyster-Yale will receive an annual retainer of $20,000, payable in cash quarterly in arrears in installments of $5,000.

Each Chairman of a Committee of the Hyster-Yale Board of Directors will receive an additional annual Committee Chairman’s fee of $10,000, payable in cash quarterly in arrears in installments of $2,500; provided, however, that the Chairman of the Audit Review Committee will receive an annual Committee Chairman’s fee of $15,000, payable in cash quarterly in arrears in installments of $3,750.  100% of all fees paid for service as Chairman of a Committee is attributable to services for Hyster-Yale Group, Inc. and its subsidiaries.

Each member of a Committee (other than the Executive Committee) of the Hyster-Yale Board of Directors, including Committee Chairmen, will receive an additional annual Committee member’s fee of $7,000 for each Committee on which such Director serves, payable in cash quarterly in arrears in installments of $1,750.  100% of all fees paid for service as a member of a Committee is attributable to services for Hyster-Yale Group, Inc. and its subsidiaries.

Each Director of Hyster-Yale or a Hyster-Yale subsidiary will be paid a meeting fee of (a) $1,000 for each Hyster-Yale or subsidiary Board meeting attended, provided that no Director shall be paid for attendance at more than one Board meeting on any single day, and (b) $1,000 for each Committee meeting attended.  In the case of either joint meeting or joint committee meetings, the fees associated with that meeting will be allocated among the companies that actually met. 

This amended policy is effective as of July 1, 2021. 

Director Fee Policy
 (Effective As of July 1, 2021)Exhibit 4.1

    

     

    FIRST SUPPLEMENTAL INDENTURE

     

    FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”)
      dated as of October 29, 2021, between MEDALLIA, INC., a Delaware corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association,
      as trustee (the “Trustee”).

     

    RECITALS OF THE COMPANY

     

    WHEREAS, the Company and the Trustee are parties to that certain Indenture, dated as of September 18, 2020 (the “Indenture”), pursuant to which the Company issued its 0.125% Convertible Senior Notes due 2025 (the “Notes”);

     

    WHEREAS, the Company is a party to that certain Agreement and Plan of Merger, dated as of July 25, 2021 (the “Merger Agreement”), by and among Project Metal Parent, LLC, a Delaware limited liability company (“Parent”),
      Project Metal Merger Sub, Inc. (“Merger Sub”), a Delaware corporation and a wholly owned subsidiary of Parent, and the Company, pursuant to which Merger Sub will
      merge with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the “Merger”) and, subject
      to the terms and conditions contained in the Merger Agreement, each share of common stock of the Company, par value $0.001 per share (“Share”), issued and outstanding prior to the effective time of the Merger will be cancelled and automatically converted into the right to receive $34.00
      in cash (the “Merger Consideration”);

     

    WHEREAS, the Merger Consideration is to be paid to each holder of Shares without interest and less any applicable withholding taxes;

     

    WHEREAS, the Merger constitutes a Fundamental Change and a Make-Whole Fundamental Change pursuant to the Indenture;

     

    WHEREAS, in connection with the foregoing, Section 14.07(a) of the Indenture provides that the Company shall execute a supplemental indenture providing
      that each Note shall, without the consent of any holders of Notes as permitted by Section 10.01(g), become convertible solely into Reference Property (as defined below); and

     

    WHEREAS, all conditions for the execution and delivery of this Supplemental Indenture have been complied with or have been done or performed.

     

    NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH:

     

    In consideration of the foregoing and for other good and valuable consideration, receipt of which is hereby acknowledged, the Company and the Trustee
      agree as follows for the equal and ratable benefit of the holders of the Notes:

     

    

    
      
        

    

    
    ARTICLE 1

      Definitions

     

    Section 1.01.          General.  Capitalized terms used but not defined herein shall have the meanings assigned to them in the Indenture.

     

    ARTICLE 2

      Effect of Merger

     

    Section 2.01.          Conversion of Notes.  In accordance with Sections 10.01(g) and 14.07(a) of the Indenture, from and after the date of this Supplemental Indenture, the right to convert each $1,000 principal amount of
        Notes into Common Stock shall be changed to a right to convert such principal amount of Notes into the Merger Consideration that a holder of a number of Shares equal to the Conversion Rate immediately prior to such Merger Event would have owned or
        been entitled to receive (the “Reference Property”), which Reference Property shall be cash in an amount equal to $863.9842 per $1,000 principal amount of
        Notes, in accordance with the Indenture, at any time from, and including, the date that the Merger becomes effective.  The provisions of the Indenture, as modified herein, shall continue to apply, mutatis mutandis, to the holders’ right to convert
        the Notes into the Reference Property.

     

    ARTICLE 3

      Miscellaneous Provisions

     

    Section 3.01.          Effectiveness; Construction.  This Supplemental Indenture shall become effective upon its execution and delivery by the Company and the Trustee as of the date hereof.  Upon such effectiveness, the
        Indenture shall be supplemented in accordance herewith.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be
        bound thereby.  The Indenture and this Supplemental Indenture shall henceforth be read and construed together.

     

    Section 3.02.          Indenture Remains in Full Force and Effect.  Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect.

     

    Section 3.03.          Trustee Matters.  The Trustee accepts the Indenture, as supplemented hereby, and agrees to perform the same upon the terms and conditions set forth therein, as supplemented hereby.  The Trustee shall
        be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided.  The recitals contained in this Supplemental
        Indenture shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness.  The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

     

    Section 3.04.          No Third-Party Beneficiaries.  Nothing in this Supplemental Indenture, expressed or implied, shall give to any Person, other than the parties to the Indenture, any Paying Agent, any Conversion Agent,
        any authenticating agent, any Note Registrar and their successors under the Indenture or the holders of the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented hereby.

     

      

    
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    Section 3.05.          Severability.  In the event any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of
        the remaining provisions shall not in any way be affected or impaired.

     

    Section 3.06.          Headings.  The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are not to be considered a part of this Supplemental Indenture and
        shall in no way modify or restrict any of the terms or provisions hereof.

     

    Section 3.07.          Successors.  All agreements of the Company and the Trustee in this Supplemental Indenture shall bind their respective successors and assigns whether so expressed or not.

     

    Section 3.08.          Governing Law.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF NEW YORK.

     

    Section 3.09.          Counterpart Signatures.  This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the
        same instrument.

     

    [Signature page follows]

     

    

    
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    IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first written above.

     

    

    	 	
            MEDALLIA, INC.

          
	 	 	 
	 	
            By:

          	/s/ Roxanne Oulman
	 	

          	
            
              Name: Roxanne Oulman

            

          
	 	

          	
            
              Title: Chief Financial Officer

            

          

     

    [Signature Page to Supplemental Indenture]

     

    
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            U.S. BANK, NATIONAL ASSOCIATION,

          
	 	
            as Trustee

          
	 	 
	 	
            By:

          	/s/ David Jason
	 	 

          	
            Name: David Jason

            

          
	 	 

          	
            Title: Vice President

            

          

     

    [Signature Page to Supplemental Indenture]

     

     

    

    
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