Document:

Amendment and Termination of Shareholder Rights Agreement

 Exhibit 4.1 
 AMENDMENT AND TERMINATION 
 OF 

SHAREHOLDER RIGHTS AGREEMENT 
 This Amendment and Termination (this “Amendment and Termination”) of the Rights Agreement (as defined below) is entered into as of May 1, 2012, between CIRCOR International, Inc., a
Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, a New York Limited Liability Trust Company, as Rights Agent (“AST”). All capitalized terms used herein and not
otherwise defined shall having the meaning ascribed to them in the Rights Agreement. 
 WITNESSETH: 

WHEREAS, the Company is party to the Shareholder Rights Agreement, dated as of September 23, 2009 (the “Rights
Agreement”) with AST, as Rights Agent; 
 WHEREAS, the Board of Directors of the Company has determined to terminate
the Rights Agreement and, in furtherance thereof, the Company desires to enter into this Amendment and Termination pursuant to which the Rights Agreement will be amended to provide that (i) the Rights will expire at the Close of Business on
May 1, 2012, and (ii) the Rights Agreement will be terminated upon the expiration of the Rights; and 
 WHEREAS,
pursuant to Section 27 of the Rights Agreement, the Company may prior to a Section 11(a)(ii) Event supplement or amend the Rights Agreement without the approval of any holders of certificates representing shares of common stock of the
Company. 
 NOW THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree
as follows: 
 1. Amendment to Section 7(a). The first sentence of Section 7(a) of the Rights Agreement is
hereby amended to read as follows: 
 “(a) Subject to Section 7(e) hereof, the registered holder of any Right
Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase on the reverse
side thereof duly executed, to the Rights Agent at the office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Exercise Price for the total number of one ten-thousandths of a share of Preferred Stock
(or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercised, at or prior to the earlier of (i) the Close of Business on May 1, 2012 (the “Final Expiration Date”),

 
(ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the “Redemption Date”) or (iii) the time at which such Rights are exchanged as provided
in Section 24 hereof (the earliest of (i), (ii) or (iii) being herein referred to as the “Expiration Date”). Except as set forth in Section 7(e) hereof and notwithstanding any other provision of this Agreement,
any Person who prior to the Distribution Date becomes a record holder of shares of Common Stock of the Company may exercise all of the rights of a registered holder of a Right Certificate with respect to the Rights associated with such shares of
Common Stock of the Company in accordance with the provisions of this Agreement, as of the date such Person becomes a record holder of shares of Common Stock of the Company.” 

2. Termination. Upon expiration of the Rights in accordance with the terms of the Rights Agreement, as amended hereby, the Rights
Agreement shall terminate and be of no further force or effect whatsoever without any further action on the part of the Company or the Rights Agent. 
 3. Governing Law. This Amendment and Termination shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance
with the laws of such state applicable to contracts to be made and performed entirely within such state. 
 4.
Counterparts. This Amendment and Termination may be executed in any number of counterparts, each of which shall for all purposes be deemed an original, and all of which together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 

  
 2 

 IN WITNESS WHEREOF, the parties have caused this Amendment and Termination to be duly
executed as of the day and year first above written. 
  

							
		 		 	CIRCOR INTERNATIONAL, INC.
				
	Attest:	 		 		 	
				
	 /s/ John F. Kober
	 		 	By:	 	 /s/ Alan J. Glass

	Name: John F. Kober	 		 	Name: Alan J. Glass
	Title: Vice President, Corporate Controller	 		 	Title: Vice President, General Counsel & Secretary
			
		 		 	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
				
	Attest:	 		 		 	
				
	 /s/ Sharon Best-Jhagroo
	 		 	By:	 	 /s/ Paula Caroppoli

	Name: Sharon Best-Jhagroo	 		 	Name: Paula Caroppoli
	Title: Senior Relationship Manager	 		 	Title: Senior Vice President

  
 3Certificate of Elimination

 Exhibit 4.2 
 CERTIFICATE OF ELIMINATION OF THE 
 SERIES A JUNIOR PARTICIPATING CUMULATIVE
PREFERRED STOCK OF 
 CIRCOR INTERNATIONAL, INC. 
 Pursuant to Section 151(g) 
 of the General Corporation Law 

of the State of Delaware 
 CIRCOR International, Inc., a Delaware corporation (the “Company”), in accordance with the provisions of Section 151(g) of the General Corporation Law of the State of Delaware,
hereby certifies as follows: 
 1. That, pursuant to Section 151 of the General Corporation Law of the State of Delaware
and authority granted in the Amended and Restated Certificate of Incorporation of the Company, as theretofore amended (the “Certificate of Incorporation”), the Board of Directors of the Company, by resolution duly adopted,
authorized the issuance of a series of 15,000 shares of Series A Junior Participating Cumulative Preferred Stock, par value $0.01 per share, of the Company (the “Preferred Stock”), and established the voting powers, designations,
preferences and relative, participating, optional or other rights, if any, or the qualifications, limitations or restrictions thereof, and, on September 23, 2009, filed an Amended and Restated Certificate of Designations (the
“Certificate of Designations”) with respect to such Preferred Stock in the office of the Secretary of State of the State of Delaware (the “Secretary of State”). 

2. That no shares of said Preferred Stock are outstanding and no shares thereof will be issued subject to said Certificate of
Designations. 
 3. That the Board of Directors of the Company has adopted the following resolutions: 

 

			
	RESOLVED:	  	That pursuant to the resolution adopted by the Board of Directors of the Corporation (the “Board”) on May 3, 2011 that the Corporation would either put its
Shareholder Rights Agreement (the “Shareholder Rights Agreement”), dated as of September 23, 2009, with American Stock Transfer & Trust Company, LLC, a New York Limited Liability Trust Company, as Rights Agent, as Rights
Agent (the “Rights Agent”), to a vote at the Corporation’s 2012 annual meeting of shareholders (the “2012 Annual Meeting”), or terminate the Shareholder Rights Agreement in advance of such shareholder meeting,
the Board hereby authorizes and directs the termination of the Shareholder Rights Agreement effective May 1, 2012.
		
	RESOLVED:	  	That the Chairman, President and Chief Executive Officer, Chief Financial Officer, General Counsel and Secretary of the Corporation (the “Authorized Officers”) be,
and each of them hereby is, authorized in the name and on behalf of the Corporation to execute an amendment and termination of the Shareholder Rights Agreement, containing substantially the terms and conditions in the form of agreement presented to
this

			
		  	meeting, with such other provisions and modifications as the Authorized Officers executing the same shall approve as being in the interests of the Corporation and its shareholders,
such approval to be conclusively evidenced by the execution and delivery of the same to the Rights Agent thereunder.
		
	RESOLVED:	  	That no shares of the Corporation’s Series A Junior Participating Cumulative Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), have
been issued or are outstanding and that no shares of the Series A Preferred Stock will be issued subject to the certificate of designations previously filed with respect to the Series A Preferred Stock.
		
	RESOLVED:	  	That the Authorized Officers be and hereby are authorized and directed to file a certificate setting forth this resolution with the Secretary of State of the State of Delaware
pursuant to the provisions of Section 151(g) of the General Corporation Law of the State of Delaware for the purpose of eliminating from the Corporation’s certificate of incorporation all matters set forth in the certificate of designations
with respect to the Series A Preferred Stock.

 4. That, accordingly, all matters set forth in the Certificate of Designations with respect to the
Preferred Stock be, and hereby are, eliminated from the Certificate of Incorporation, as heretofore amended, of the Company. 

[Remainder of page intentionally left blank] 

  
 2 

 IN WITNESS WHEREOF, CIRCOR International, Inc. has caused this Certificate of Elimination to
be duly executed this 1st day of May, 2012. 
  

			
	CIRCOR INTERNATIONAL, INC.
		
	By:	 	 /s/ Alan J. Glass

	Name: Alan J. Glass
	Title: Vice President, General Counsel & SecretaryExhibit 10.42

 Exhibit 10.42 
 Summary of MeadWestvaco Corporation 2012 Annual Incentive Plan under 2005 

Performance Incentive Plan, as amended 
 Under the MeadWestvaco Corporation Annual Incentive Plan (the “Plan”), which is a part of the 2005 Performance Incentive Plan, the Compensation and Organization Development Committee (the
“Committee”) of the Board of Directors annually awards each executive an annual incentive award that is payable in cash. The size of each executive officer’s annual award is determined by application of his or her annual incentive
target expressed as a percentage of base salary, which the Committee examines annually to confirm that the target is reasonable when viewed against external competitive market data, peer group and general industry trends. 

For 2012, the Committee established a performance-based incentive pool for certain executive officers equal to a designated percentage of actual earnings
before interest and tax (“EBIT”) achieved. EBIT is defined as full year net sales less the cost of goods sold and selling, general and administrative expenses, excluding interest income and expense, corporate income taxes, extraordinary
items, discontinued operations, restructuring charges and certain one-time costs and the cumulative effect of accounting changes. 
 Funding of
the performance-based incentive pool under this formula permits the Committee to pay annual cash incentives to all executive officers based on the attainment of additional key financial and/or operational metrics. These additional objectives for
executive officers are also set by the Committee, and generally include such goals as (i) enterprise economic profit (“EP”), defined as EBIT less the company’s weighted average cost of capital applied to total capital employed, (net
debt plus total equity) subject to certain adjustments, (ii) revenue growth and (iii) productivity. For each of these performance objectives, the Committee sets performance driven threshold, target and stretch payout levels reflecting a suggested
payout curve ranging from 50% of the target incentive to 200% of the target incentive. Annual incentives are subject to an individual maximum payout in accordance with the terms of the Plan. The Committee may adjust award values to reflect progress
made towards target performance levels for EP, revenue growth and productivity goals, provided no awards are payable in the event the threshold for EBIT (which funds the incentive pool) is not achieved. 

Annual incentive awards are subject to the company’s Recoupment Policy.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00203-of-00352.parquet"}]]