Document:

EXHIBIT 4

EXHIBIT 4.1

TERMINATION OF THE REPLACEMENT CAPITAL COVENANT 

TERMINATION OF THE REPLACEMENT CAPITAL COVENANT, dated as of December 28, 2010 (this "Termination"), by The Charles Schwab Corporation, a Delaware corporation (together with its successors and assigns, the "Company"). 

WHEREAS, on October 5, 2007, the Company granted a Replacement Capital Covenant (the "Covenant") in favor of certain holders of the Company's senior debt, which at all times during the effectiveness of the Covenant have been the holders of the Company's 6.375% Senior Notes due 2017 (collectively, the "Notes"); 

WHEREAS, pursuant to Section 4(a) of the Covenant, the Covenant may be terminated if the holders of a majority in aggregate principal amount of the Notes consent or agree in writing to the termination of the Covenant and the obligations of the Company thereunder; 

WHEREAS, on December 17, 2010, the Company commenced a solicitation of consents ("Consent Solicitation") from the holders of the Notes of record at 5:00 p.m New York City time, on December 16, 2010 to the proposed termination of the Covenant; and 

WHEREAS, pursuant to the Consent Solicitation, as of 5:00 p.m., New York City time, on December 28, 2010, the expiration time for the Consent Solicitation, holders of a majority in aggregate principal amount of the Notes validly delivered, and did not validly revoke, their consent to the termination of the Covenant. 

NOW, THEREFORE, the Company hereby terminates the Covenant and the obligations of the Company thereunder, which shall be of no further force or effect. 

IN WITNESS WHEREOF, the Company has caused this Termination to be executed by its duly authorized officer, as of the day and year first above written. 

 

	
THE CHARLES SCHWAB CORPORATION

	

 

By:  /s/ William F. Quinn                                                                   

        Name:  William F. Quinn

        Title:  Senior Vice President & TreasurerSchedule of Change in Control Agreement

 EXHIBIT 10(a)(5) 

SCHEDULE OF CHANGE IN CONTROL AGREEMENTS 
  

					
	  	  	Term	 
	 H.P. Mechler
	  	 	18 months	  
	 George Muller
	  	 	12 months	  
	 J. Eric Story
	  	 	12 monthsSummary of Imperial Sugar Company Management Incentive Plan

 EXHIBIT 10(e) 
 IMPERIAL SUGAR COMPANY 
 SUMMARY MANAGEMENT INCENTIVE PLAN 

The Company has adopted Management Incentive Plan for Fiscal 2011 for executive officers and certain other participants. The plan provides for cash
bonuses based on achievement of a combination of individual performance goals and corporate targets. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. The achievement of individual performance goals and corporate
profitability targets results in an incentive payment based on a participant’s bonus opportunity, which is set at a percentage of the participant’s base salary and is based on the participants responsibilities and position within the
Company. 
 Fiscal 2010 Plan 
 A
specified portion of the target bonus opportunity is allocated to individual performance goals, which are quantifiable and result in payment only if the individual performance goals are reached and the remainder of the bonus is allocated to
achievement of the corporate targets. A portion of an officer’s target bonus will be paid only when a specific threshold level of the corporate objectives is achieved and that percentage will increase in varying degrees through 100% of target
bonus at a specified level of achievement and a maximum of 200% of target bonus when a higher level of the corporate objectives are achieved.Exhibit 10.1

 Exhibit 10.1 
 Release Agreement 
 This Release Agreement
(“Release”) is made by and between JOHN S. BRUNETTE (“Executive”), IRIDIUM COMMUNICATIONS INC., IRIDIUM SATELLITE LLC and any of their subsidiaries (collectively the
“Company”). Executive and the Company hereby agree as follows: 
 1. Severance Benefits.
The Company is offering severance to the Executive pursuant to Treasury Regulation Section 1.409A-1(b)(9) and the short term deferral exemption in Treasury Regulation Section 1.409A-1(b)(4). The Company and the Executive agree that the
Executive has suffered a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h), without regard to any alternate definitions thereunder, a “Separation from Service”) as of
November 17, 2010, although the Executive’s termination of employment shall be effective as of December 31, 2010 (the “Termination Date”). In consideration for Executive’s execution, return and
non-revocation of this Release and the Letter of Resignation described in Section 3 below, in each case, on December 31, 2010, then the Company will provide Severance Benefits to Executive as follows: 

 

	(a)	pay to Executive an amount equal to Executive’s then current Base Salary for a period of eleven months, paid, less applicable withholdings and deductions, on the
Company’s regular payroll dates in twenty-two semi-monthly installments, beginning on the sixtieth (60) day following the date of the Executive’s Separation from Service, the “Severance Period”);

  

	(b)	pay to the Executive a lump sum cash payment equal to $387,000.00, subject to applicable tax withholdings, payable on December 31, 2010, provided this Release has
become effective as of that date; and 

  

	(c)	if Executive is participating in the Company’s employee group health insurance plans on the Termination Date, and timely elects and remains eligible for continued
coverage under COBRA, or, if applicable, state or local insurance laws, the Company shall pay to the Executive, on the last day of each month (commencing January 31, 2011), a fully taxable cash payment equal to the applicable COBRA premiums for
that month (including premiums for Executive and his eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdings (such amount, the “Special Cash Payment”), for a
number of months equal to the lesser of (i) the duration of the period in which Executive and his eligible dependents are enrolled in such COBRA coverage (and not otherwise covered by another employer’s group health plan) and
(ii) eleven (11) months. Executive may, but is not obligated to, use such Special Cash Payment toward the cost of COBRA premiums. 

 2. Release by Executive. In exchange for the Severance Benefits and other consideration under this Release, to which Executive would not otherwise be entitled, and except as otherwise set
forth in this Release, Executive hereby generally and completely releases, acquits and forever discharges the Company, its parents and subsidiaries, and its and their officers, directors, managers, partners, agents, servants, employees, attorneys,
shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs, expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise,
both known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements, events, acts or conduct at any time prior to and including the execution date of this Release, including but not
limited to: all such claims and demands directly or indirectly arising out of or in any way connected with Executive’s employment with the Company or the termination of that employment; claims or demands related to salary, bonuses, commissions,
stock, stock options, or any other ownership interests in the Company, vacation pay, fringe benefits, expense reimbursements, severance pay, or any other form of compensation; claims pursuant to any federal, state or local law, statute, or cause of
action; tort law; or 

 
contract law. The claims and causes of action executive is releasing and waiving in this Release include, but are not limited to, any and all claims and causes of action that the Company, its
parents and subsidiaries, and its and their respective officers, directors, agents, servants, employees, attorneys, shareholders, successors, assigns or affiliates: 
  

	 	•	 	 has violated its personnel policies, handbooks, contracts of employment, or covenants of good faith and fair dealing; 

 

	 	•	 	 has discriminated against Executive on the basis of age, race, color, sex (including sexual harassment), national origin, ancestry, disability,
religion, sexual orientation, marital status, parental status, source of income, entitlement to benefits, any union activities or other protected category in violation of any local, state or federal law, constitution, ordinance, or regulation,
including but not limited to: the Age Discrimination in Employment Act, as amended (“ADEA”); Title VII of the Civil Rights Act of 1964, as amended; 42 U.S.C. § 1981, as amended; the Equal Pay Act; the Americans With Disabilities
Act; the Family Medical Leave Act; the Maryland Fair Employment Practices Act; the Virginia Human Rights Act; the Virginians with Disabilities Act; the Employee Retirement Income Security Act; Section 510; and the National Labor Relations Act;

  

	 	•	 	 has violated any statute, public policy or common law (including but not limited to claims for retaliatory discharge; negligent hiring, retention or
supervision; defamation; intentional or negligent infliction of emotional distress and/or mental anguish; intentional interference with contract; negligence; detrimental reliance; promissory estoppel; and/or loss of consortium to Executive or any
member of his family). 

 Notwithstanding the foregoing, Executive is not releasing any right of indemnification that he may
have for any liabilities arising from his actions within the course and scope of his employment with the Company or within the course and scope of his role as an officer of the Company, including any such rights pursuant to the Company’s
articles of incorporation, by-laws, or the Indemnification Agreement between Executive and Iridium Communications Inc. dated September 29, 2009. Also excluded from this Release are any claims which cannot be waived by law and any claims for
vested benefits under the terms of the Company’s employee benefit plans and programs. Executive is waiving, however, his right to any monetary recovery should any governmental agency or entity, such as the EEOC or the DOL, pursue any claims on
his behalf. Executive acknowledges that he is knowingly and voluntarily waiving and releasing any rights he may have under the ADEA, as amended. Executive also acknowledges that (i) the consideration given to him in exchange for the waiver and
release in this Release is in addition to anything of value to which he was already entitled, and (ii) that he has been paid for all time worked, has received all the leave, leaves of absence and leave benefits and protections for which he is
eligible, and has not suffered any on-the-job injury for which he has not already filed a claim. Executive further acknowledges that he has been advised by this writing that: (a) his waiver and release do not apply to any rights or claims that
may arise after the execution date of this Release; (b) he has been advised hereby that he has the right to consult with an attorney prior to executing this Release; (c) he has twenty-one (21) days to consider this Release (although
he may choose to voluntarily execute this Release earlier); (d) he has seven (7) days following his execution of this Release to revoke the Release; and (e) this Release shall not be effective until the date upon which the revocation
period has expired unexercised, which shall be the eighth day after this Release is executed by Executive (the “Release Date”). 
 3. Resignation as Chief Legal and Administrative Officer and Corporate Secretary. The Executive agrees to resign as Chief Legal and Administrative Officer and Corporate Secretary of Iridium
Communications Inc. and from all positions held with its subsidiaries and affiliated entities by signing and returning the resignation letter attached to this Release as Exhibit A and returning it to the Company on or before the date he returns the
executed Release, and executing any other applicable resignation documents reasonably requested by the Company. 

  
 2 

 4. Return of Company Property. Executive reaffirms his obligation pursuant to
Section 2 of the Non-Disclosure Agreement between Executive and Iridium Satellite LLC, dated 12/10/07 (the “NDA”) to return to the Company all Company documents (and all copies thereof) and other Company property that he
has had in his possession at any time, including, but not limited to, Company files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information, tangible property (including, but not
limited to, computers), credit cards, entry cards, identification badges and keys; and, any materials of any kind that contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). Executive is
required to provide the Company with the Company laptop computer and BlackBerry in his possession on the Separation Date. If he does so, and the Company finds that Company files stored on the computer and BlackBerry are intact, the Company will
return the computer and BlackBerry to the Executive within (10) days and allow him to keep them. 
 5.
Non-Disclosure, Non-Competition and Non-Solicitation Obligations. Both during and after employment with the Company Executive acknowledges his continuing obligations under the NDA not to use or disclose any confidential or proprietary
information of the Company. In consideration for the benefits offered to him pursuant to this Release and as a condition thereof, Executive agrees that during the Severance Period: 

 

	(a)	he shall not, without the prior written consent of the Company, directly or indirectly, whether as an advisor, principal, agent, partner, officer, director, employee,
stockholder, associate or consultant to any entity or individual, provide Conflicting Services (as defined below). For purposes of this Agreement, “Conflicting Services:” means any product or service that competes with a
product or service of the Company with which the Executive worked, or about which he acquired any Confidential Information (as defined in the NDA) during his employment with the Company and with any predecessor entities. Notwithstanding the
foregoing, Conflicting Services shall not include the practice of law, whether in a law firm, in public service or as in house counsel, nor shall it include the passive ownership of securities in any entity and exercise of rights appurtenant
thereto, so long as such securities represent no more than two percent (2%) of the voting power of all securities of such enterprise. 

  

	(b)	he shall not (i) on behalf of himself or any entity by which he is employed, induce or attempt to induce any employee or consultant of the Company or any
subsidiary of the Company to leave the employ or services of the Company or (ii) on behalf of himself or any entity by which he is employed, hire any person who was an employee of the Company at any time during the six month period immediately
prior to the date on which such hiring would take place. 

 6. Non-Disparagement. Both Executive and the
Company, acting through it s CEO and CFO, agree not to disparage the other party, and the other party’s officers, attorneys, directors, managers, partners, employees, agents and affiliates, in any manner likely to be harmful to them or their
business, business reputation or personal reputation; provided that either party will respond accurately and fully to any question, inquiry or request for information when required by legal process. 

7. Cooperation from Separation from Service through the Severance Period. From the date of Separation from Service and continuing
during the Severance Period Executive agrees to cooperate fully with the Company by making himself reasonably available during regular business hours in all matters relating to the transition of his work and responsibilities on behalf of the
Company, including, but not limited to, any present, prior or subsequent relationships and the orderly transfer of any such work and institutional knowledge to such other persons as may be designated by the Company. 

  
 3 

 8. No Admission. This Release does not constitute an admission by the Company
of any wrongful action or violation of any federal, state, or local statute, or common law rights, including those relating to the provisions of any law or statute concerning employment actions, or of any other possible or claimed violation of law
or rights. 
 9. Breach. Receipt of the Severance described in paragraph 1 of this Release is expressly
conditioned upon full compliance with this Release. Executive agrees that upon any breach of this Release he will forfeit all amounts paid or owing to him under this Release. Further, he acknowledges that it may be impossible to assess the damages
caused by his violation of the terms of paragraphs 4, 5 and 6 of this Release and further agree that any threatened or actual violation or breach of those paragraphs of this Release will constitute immediate and irreparable injury to the Company.
Executive therefore agree that any such breach of this Release is a material breach of this Release, and, in addition to any and all other damages and remedies available to the Company upon such breach of this Release, the Company shall be entitled
to an injunction to prevent Executive from violating or breaching this Release. Executive agrees that if the Company is successful in whole or part in any legal or equitable action against him under this Release, he agrees to pay all of the costs,
including reasonable attorney’s fees, incurred by the Company in enforcing the terms of this Release. 
 10.
Miscellaneous. This Release constitutes the complete, final and exclusive embodiment of the entire agreement between Executive and the Company with regard to this subject matter. It is entered into without reliance on any promise or
representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Release may not be modified or amended except in a writing signed by both Executive and a
duly authorized officer of the Company. This Release will bind the heirs, personal representatives, successors and assigns of both Executive and the Company, and inure to the benefit of both Executive and the Company, their heirs, successors and
assigns. If any provision of this Release is determined to be invalid or unenforceable, in whole or in part, this determination will not affect any other provision of this Release and the provision in question will be modified by the court so as to
be rendered enforceable. This Release will be deemed to have been entered into and will be construed and enforced in accordance with the laws of the State of Virginia as applied to contracts made and to be performed entirely within Virginia.

  

							
	IRIDIUM COMMUNICATIONS INC.	 	
				
	By:	 	 /s/ Matthew J. Desch
	 		 	 12/22/2010

		 	MATTHEW J. DESCH, CEO	 		 	 Date

		
		 	
				
	By:	 	 /s/ John S. Brunette
	 		 	 12/22/2010

		 	JOHN S. BRUNETTE	 		 	 Date

  
 4 

 EXHIBIT A 
 RESIGNATION LETTER 
 [DATE] 

To the Board of Directors of Iridium Communications Inc.: 
 I hereby resign as Chief Legal and Administrative Officer and Corporate Secretary of Iridium Communications Inc. effective immediately. 
 Sincerely, 
 John S. Brunette 

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]