Document:

exv10w70

Exhibit 10.70

BOB EVANS FARMS, INC.

2010 EQUITY AND CASH INCENTIVE PLAN

AWARD AGREEMENT

     Bob Evans Farms, Inc. (the “Company”) hereby grants the undersigned Participant an Other
Stock-Based Award consisting of (a) restricted stock units (“RSUs”) and related dividend equivalent
rights (“DERs”), and/or (b) Shares of Restricted Stock, subject to the terms and conditions
described in the Bob Evans Farms, Inc. 2010 Equity and Cash Incentive Plan (the “Plan”) and this
Award Agreement (this “Award Agreement”).

	 	 	 	 	 	 	 

	1.

	 	Name of Participant:	 	 	 	 
	 

	 	 	 	 

	 	 
	2.

	 	Grant Date:
	 	 	 	(the “Grant Date”)
	 

	 	 	 	 

	 	 
	3.

	 	Number of RSUs/DERs:	 	 	 	 
	 

	 	 	 	 

	 	 

	 	 	 	 	 	 	 

	4.

	 	Number of Shares of Restricted Stock:	 	 	 	 
	 

	 	 	 	 

	 	 

	5.	 	Provisions Applicable to RSUs and related DERs.

	 	(a)	 	RSUs. Each RSU entitles the Participant to receive one Share on the date the
RSU is settled, as described herein.
	 
	 	(b)	 	DERs. Each DER entitles the Participant to be credited with all of the cash
dividends that are or would be payable with respect to the Share represented by the RSU to
which the DER relates. Accumulated dividends credited pursuant to this Section 5(b) shall
be payable in cash, without interest, at such time as the RSU to which the DER relates is
settled pursuant to this Award Agreement. In the event that a RSU is forfeited pursuant to
this Award Agreement, the related DER shall also be forfeited and the Participant shall
have no right to payment of any accumulated dividend amounts.
	 
	 	(c)	 	Vesting of RSUs:

	 	(1)	 	In General. The RSUs will vest ratably (rounded up to the next whole
RSU, if necessary) on each of the first three anniversaries of the Grant Date (each a
“Vesting Date”), subject to the Participant’s continued employment with the Company on
the applicable Vesting Date. Except as provided in Sections 5(c)(2), (3) or (4), if the
Participant terminates for any other reason prior to a Vesting Date, whether
voluntarily or involuntarily, any RSUs that are unvested on the date of termination
will be forfeited on that date.
	 
	 	(2)	 	Accelerated Vesting. Notwithstanding the foregoing, the RSUs will
become fully vested on the date of Participant’s death or Disability.
	 
	 	(3)	 	Change in Control. If there is a Change in Control, Article XII of the
Plan will apply to any outstanding RSUs.
	 
	 	(4)	 	Retirement. Except to the extent that the Participant is terminated for
Cause, if the Participant is eligible for Retirement, the Participant will continue to
vest in the RSUs

 

 

	 	 	 	on each Vesting Date even if the Participant does not continue to be
employed on that date. Notwithstanding the foregoing, all unvested RSUs will be
forfeited if the Participant is terminated for Cause, regardless of whether the
Participant is Retirement eligible.

	 	(d)	 	Settlement of RSUs. If all applicable terms and conditions have been satisfied,
the Participant will receive one whole Share for each vested RSU as soon as
administratively feasible but not later than 30 days after each Vesting Date; provided,
however, that upon the issuance or transfer of Shares to the Participant, in lieu of any
fractional Shares, the Participant will receive a cash payment equal to the Fair Market
Value of such fractional Shares.
	 
	 	(e)	 	No Rights Before Vesting. Before the RSUs vest, the Participant may not
exercise any voting rights with respect to the Shares underlying the RSUs.
	 
	 	(f)	 	Transferring the RSUs or DERs. Neither the RSUs nor the DERs may be sold,
transferred, pledged, assigned or otherwise alienated or hypothecated, except by will or
the laws of descent and distribution. However, as described in Section 9(a), the
Participant may designate a beneficiary to receive any vested RSUs and the proceeds from
any DERs that are settled after the Participant dies.

	6.	 	Provisions Applicable to Shares of Restricted Stock.

	 	(a)	 	Vesting of Restricted Stock:

	 	(1)	 	In General. The Restricted Stock will vest ratably (rounded up to the
next whole Share, if necessary) on each of the first three anniversaries of the Grant
Date (each a “Vesting Date”), subject to the Participant’s continued employment with
the Company on the applicable Vesting Date. Except as provided in Sections 6(a)(2) or
(3), if the Participant terminates for any other reason prior to a Vesting Date,
whether voluntarily or involuntarily, any Restricted Stock that is unvested on the date
of termination will be forfeited on that date.
	 
	 	(2)	 	Accelerated Vesting. Notwithstanding the foregoing, the Restricted
Stock will become fully vested on the date of Participant’s death or Disability.
	 
	 	(3)	 	Change in Control. If there is a Change in Control, Article XII of the
Plan will apply to any unvested portion of the Restricted Stock.

	 	(b)	 	Rights Before Vesting. Before the Restricted Stock vests as described in
Section 6(a), the Participant: (i) may exercise full voting rights associated with the
Shares of Restricted Stock; and (ii) will be entitled to receive all dividends and other
distributions paid with respect to the Shares of Restricted Stock, although any dividends
or other distributions paid in Shares will be subject to the same restrictions terms and
conditions as the Shares Restricted Stock.
	 
	 	(c)	 	Transfer Restrictions on Restricted Stock. Until the Restricted Stock becomes
vested as described in Section 6(a), the Restricted Stock may not be sold, transferred,
pledged, assigned or otherwise alienated or hypothecated, except by will or the laws of

 

 

	 	 	 	descent and distribution. However, as described in Section 9(a), the Participant may
designate a beneficiary to receive any Shares to be settled after the Participant dies.
	 
	 	(d)	 	Settling the Restricted Stock. The Restricted Stock will be held in escrow
until it vests. If the applicable terms and conditions of this Award Agreement are
satisfied, the Restricted Stock will be released from escrow and distributed to the
Participant as soon as administratively feasible after it vests, but not later than 30 days
after each Vesting Date. In lieu of any fractional Shares of Restricted Stock, the
Participant will receive a cash payment equal to the Fair Market Value of such fractional
Shares.

	7.	 	Award Subject to Recoupment Policy. This Award is subject to the Bob Evans Executive
Compensation Recoupment Policy. The Award, or any amount traceable to the Award, shall be
subject to the recoupment obligations described in that policy.
	 
	8.	 	Restrictive Covenants. Unless the Committee otherwise agrees in writing, any outstanding
unvested RSUs, accruals related to the DERs or Shares of Restricted Stock under this Award
will be forfeited if the Participant:

	 	(a)	 	Serves (or agrees to serve) as an officer, director, manager, consultant or employee
of any proprietorship, partnership, corporation or limited liability company or become the
owner of a business or a member of a partnership or limited liability company that
competes with any portion of the Company or an Affiliate’s business or renders any service
to entities that compete with any portion of the Company or an Affiliate’s business;
	 
	 	(b)	 	Refuses or fails to consult with, supply information to, or otherwise cooperate with,
the Company or any Affiliate after having been requested to do so; or
	 
	 	(c)	 	Deliberately engages in any action that the Committee concludes could harm the
Company or any Affiliate.

	9.	 	Other Terms and Conditions:

	 	(a)	 	Beneficiary Designation. The Participant may name a beneficiary or
beneficiaries to receive any cash or Shares to be paid or settled after the Participant’s
death by completing a Beneficiary Designation Form in the form and manner required by the
Committee and communicated in writing to the Participant. The Beneficiary Designation Form
does not need to be completed now and is not required to be completed as a condition of
receiving this Award. However, if the Participant dies without completing a Beneficiary
Designation Form or if the designation is ineffective for any reason, the Participant’s
beneficiary will be the Participant’s surviving spouse or, if the Participant does not have
a surviving spouse, the Participant’s estate.
	 
	 	(b)	 	Tax Withholding. The Company or an Affiliate, as applicable, shall have the
power and right to deduct, withhold or collect any amount required by law or regulation to
be withheld with respect to any taxable event arising with respect to this Award Agreement.
To the extent permitted by the Committee, in its sole discretion, this amount may be: (i)
withheld from other amounts due to the Participant, (ii) withheld from the value of any
Award being settled or any Shares transferred in connection with the exercise or settlement
of an Award, (iii) withheld from the vested portion of any Award (including

 

 

	 	 	 	shares
transferable thereunder), whether or not being exercised or settled at the time the taxable
event arises, or (iv) collected directly from the Participant. Subject to the approval of
the Committee, the Participant may elect to satisfy the withholding requirement, in whole
or in part, by having the Company or an
Affiliate, as applicable, withhold shares having a Fair Market Value on the date the tax
is to be determined equal to the minimum statutory total tax that could be imposed on the
transaction; provided that such Shares would otherwise be distributable to the Participant
at the time of the withholding if such Shares are not otherwise distributable at the time
of the withholding, provided that the Participant has a vested right to distribution of
such Shares at such time. All such elections shall be irrevocable and made in writing and
shall be subject to any terms and conditions that the Committee, in its sole discretion,
deems appropriate.
	 
	 	(c)	 	Governing Law. This Award Agreement will be construed in accordance with and
governed by the laws (other than laws governing conflicts of laws) of the State of Ohio
except to the extent that the Delaware General Corporation Law is mandatorily applicable.
	 
	 	(d)	 	Other Agreements. This Award will be subject to the terms of any other written
agreements between the Participant and the Company to the extent that those other
agreements do not directly conflict with the terms of the Plan or this Award Agreement.
	 
	 	(e)	 	Award Subject to the Plan. This Award is subject to the terms and conditions
described in this Award Agreement and the Plan, which is incorporated by reference into and
made a part of this Award Agreement. In the event of a conflict between the terms of the
Plan and the terms of this Award Agreement, the terms of the Plan will govern. The
Committee has the sole responsibility of interpreting the Plan and this Award Agreement,
and its determination of the meaning of any provision in the Plan or this Award Agreement
shall be binding on the participant. Capitalized terms that are not defined in this Award
Agreement have the same meaning as in the Plan.
	 
	 	(f)	 	Rejection. The Participant may reject this Award Agreement and forfeit the
Shares of Restricted Stock, RSUs and related DERs granted to the Participant pursuant to
this Award Agreement by notifying the Company or its designee, in the manner prescribed by
the Company and communicated to the Participant, within 30 days after the Grant Date. If
this Agreement is rejected pursuant to this Section 9(h), the Shares of Restricted Stock,
RSUs and related DERs evidenced by this Award Agreement shall be forfeited, and neither the
Participant nor the Participant’s heirs, executors, administrators and successors shall
have any rights with respect thereto.

BOB EVANS FARMS, INC.

	 	 	 	 	 	 	 	 	 

	By:

	 	 	 	Date:	 	 	 	 
	 

	 	 

[Insert name and title]exv4w1

Exhibit 4.1

HARBINGER GROUP INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

SECOND SUPPLEMENTAL INDENTURE

Dated as of June 28, 2011

to

INDENTURE

Dated as of November 15, 2010

Between

HARBINGER GROUP INC.

and

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 

10.625% Senior Secured Notes Due 2015

 

 

     SECOND SUPPLEMENTAL INDENTURE (the “Second Supplemental Indenture”), dated as of June 28,
2011, by and between HARBINGER GROUP INC., a Delaware corporation (the “Company”), and WELLS FARGO
BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”).

WITNESSETH:

     WHEREAS, the Company executed and delivered to the Trustee an Indenture, dated as of November
15, 2010, by and between the Company and the Trustee, pursuant to which the Company’s 10.625%
Senior Secured Notes Due 2015 (the “Notes”) were issued (as amended by the Supplemental
Indenture thereto, dated as of June 22, 2011, the “Indenture”);

     WHEREAS, Section 9.01 of the Indenture provides that the Company and the Trustee may amend or
supplement the Indenture and the Notes without notice to or the consent of the Holders if the
change does not materially and adversely affect the rights of any Holder;

     WHEREAS, the Trustee has been directed by the Company to execute and deliver this Second
Supplemental Indenture in its capacity as Trustee;

     WHEREAS, the execution and delivery of this Second Supplemental Indenture has been duly
authorized by the Company and all conditions and requirements necessary to make this instrument a
valid and binding agreement have been duly performed and complied with; and

     WHEREAS, the Company has agreed to indemnify the Trustee against any and all losses,
liabilities or expenses incurred by it arising out of or in connection with the acceptance or
administration of its duties under this Second Supplemental Indenture, except to the extent any
such loss, liability or expense may be attributable to its negligence, bad faith or willful
misconduct.

     NOW, THEREFORE, in consideration of the above premises, each party agrees, for the benefit of
the others and for the equal and ratable benefit of the Holders, as follows:

ARTICLE I

AMENDMENT OF INDENTURE

     Section 1.1 Amendment to Definitions. The definition of “Liquid Collateral Coverage
Ratio” in Section 1.01 of the Indenture is hereby amended to add the words “(so long as (A) such
common stock is listed on a national securities exchange or is actively traded on the
over-the-counter market and (B) at least 15% of the outstanding shares of such stock is owned by
persons other than the Company, its Subsidiaries and the Permitted Holders)” after the words “(a)
shares of common stock of Spectrum”.

 

 

ARTICLE II

MISCELLANEOUS PROVISIONS

     Section 2.1 Effect of Second Supplemental Indenture.

     Prior to this Second Supplemental Indenture becoming effective, the Company shall deliver to
the Trustee an Officers’ Certificate certifying that all conditions precedent provided for in the
Indenture relating to the Second Supplemental Indenture have been satisfied. Upon the execution
and delivery of this Second Supplemental Indenture by the Company and the Trustee, the Indenture
shall be modified in accordance herewith, and this Second Supplemental Indenture shall form a part
of the Indenture for all purposes; and every Holder of the Notes heretofore or hereafter
authenticated and delivered under the Indenture shall be bound thereby.

     Section 2.2 Indenture Remains in Full Force and Effect.

     Except as supplemented and amended hereby, all provisions in the Indenture shall remain in
full force and effect.

     Section 2.3 Indenture and Second Supplemental Indenture Construed Together.

     This Second Supplemental Indenture is an indenture supplemental to and in implementation of
the Indenture, and the Indenture and this Second Supplemental Indenture shall henceforth be read
and construed together.

     Section 2.4 Confirmation of Indenture.

     The Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all
respects confirmed and ratified.

     Section 2.5 Conflict with Trust Indenture Act.

     If any provision of this Second Supplemental Indenture limits, qualifies or conflicts with
another provision hereof which is required to be included in this Second Supplemental Indenture by
any of the provisions of the Trust Indenture Act of 1939, such required provision shall control.

     Section 2.6 Separability.

     In case any one or more of the provisions contained in this Second Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

 

 

     Section 2.7 Successors and Assigns.

     All agreements in this Second Supplemental Indenture shall be binding upon and inure to the
benefit of the respective successors and assigns of the Company and the Trustee.

     Section 2.8 Certain Duties and Responsibilities of the Trustee.

     In entering into this Second Supplemental Indenture, the Trustee shall be entitled to the
benefit of every provision of the Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee, whether or not elsewhere herein so provided. The Trustee,
for itself and its successor or successors, accepts the terms of the Indenture as amended by this
Second Supplemental Indenture, and agrees to perform the same, but only upon the terms and
provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms
and provisions shall in like manner define and limit its liabilities and responsibilities in the
performance of the trust created by the Indenture. The Trustee makes no representations as to the
validity or sufficiency of this Second Supplemental Indenture other than as to the validity of its
execution and delivery by the Trustee.

     Section 2.9 Governing Law.

     THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY OTHER CONFLICTS OF LAW PROVISIONS.

     Section 2.10 Duplicate Originals.

     The parties may sign any number of copies of this Second Supplemental Indenture. Each signed
copy shall be an original, but all of them together represent the same agreement. The exchange of
copies of this Second Supplemental Indenture and of signature pages by facsimile or PDF
transmission shall constitute effective execution and delivery of this Second Supplemental
Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental
Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall
be deemed to be their original signatures for all purposes.

[Signature Page Follows]

 

 

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

	 	 	 	 	 
	 	HARBINGER GROUP INC.

as Issuer

 	 
	 	By:  	/s/ Francis T. McCarron	 
	 	 	Name:  	 Francis T. McCarron	 
	 	 	Title:  	Executive Vice President and 
Chief Financial Officer	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

 	 
	 	By:  	/s/ Richard Prokosch	 
	 	 	Name:  	Richard Prokosch	 
	 	 	Title:  	Vice President

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