Document:

exhibit_4-6.htm

Exhibit 4.6

 

RR Media Ltd.

 

Amendment No. 4 to 2006 Israel Equity Incentive Plan

Adopted January 28, 2015

The RR Media Ltd. 2006 Israel Equity Incentive Plan (the "Plan") is hereby amended as follows (the "Amendment"):

	 	
1. 

	
Section 7 of the Plan shall be deleted in its entirety and replaced with the following:

“Term of Plan. The Plan will become effective upon its adoption by the Board and will remain in effect until terminated pursuant to Section 20 of the Plan.”

	 	
2. 

	
Section 18(c) of the Plan shall be amended by adding the following new subsection (iii) after the conclusion of subsection (ii):

 

 “For the avoidance of any doubt, in the event any Award Agreement provides that an Award shall be subject to different terms and conditions upon a Change of Control than those set forth in subsections (i) or (ii) above, the terms and conditions set forth in the Award Agreement shall prevail.”

	 	
3. 

	
Except as explicitly amended by this Amendment, all other terms of the Plan shall remain in full force and effect.exhibit4_11

		
			FIRST SUPPLEMENTAL INDENTURE
		

		
			This First Supplemental Indenture, dated as of April 2, 2014 (this “Supplemental Indenture”), among APVN Holdings LLC (the “Guaranteeing Party”), Appvion, Inc. (the “Company”), Paperweight Development Corp. (the “Parent Entity”), Appvion Canada, Ltd., each other Guarantor under the Indenture referred to below, and U.S. Bank National Association, as Trustee and Collateral Agent under the Indenture referred to below.
		

		
			W I T N E S S E T H
		

		
			WHEREAS, the Company, the Guarantors and the Trustee have heretofore executed and delivered an Indenture, dated as of November 19, 2013 (as amended, supplemented, waived or otherwise modified, the “Indenture”), providing for the issuance of 9.000% Second Lien Senior Secured Notes due 2020 of the Company (the “Notes”);
		

		
			WHEREAS, Section 4.20 of the Indenture provides that the Company is required to cause certain Restricted Subsidiaries, or the Parent Entity is required to cause certain entities having an direct or indirect ownership interest in the Company, to execute and deliver to the Trustee a supplemental indenture pursuant to which any such Restricted Subsidiary, or entity having an direct or indirect ownership interest in the Company, will unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest on the Notes; and
		

		
			WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture to amend or supplement the Indenture;
		

		
			NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Party, and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
		

		
			ARTICLE I
Definitions 
		

		
			SECTION 1.1 Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
		

		
			ARTICLE II
		

		
			Agreement to be Bound; Guarantee
		

		
			SECTION 2.1 Agreement to be Bound. The Guaranteeing Party hereby becomes a party to the Indenture as a Guarantor and as such will have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. The Guaranteeing Party agrees to be bound by all of the provisions of the Indenture applicable to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.
		

		
			SECTION 2.2 Guarantee. The Guaranteeing Party agrees, on a joint and several 
		

		 

		

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		basis with all the existing Guarantors, to fully, unconditionally and irrevocably Guarantee to each Holder of the Notes and the Trustee to provide an unconditional Note Guarantee on the terms and subject to the conditions set forth in the Indenture, including but not limited to pursuant to Article X thereof.
		

		
			ARTICLE III
Miscellaneous
		

		
			SECTION 3.1 Notices. All notices and other communications to the Guaranteeing Party shall be given as provided in the Indenture to the Guaranteeing Party, at its address set forth below, with a copy to the Company as provided in the Indenture for notices to the Company.
		

		
			SECTION 3.2 Parties. Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the Indenture or any provision herein or therein contained.
		

		
			SECTION 3.3 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.
		

		
			SECTION 3.4 Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.
		

		
			SECTION 3.5 Trustee not Responsible. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company and the Guarantors.
		

		
			SECTION 3.6 Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement.
		

		
			SECTION 3.7 Headings. The headings of the Articles and the Sections in this Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.
		

		
			[Remainder of page intentionally blank; signatures on following page]
		

		
			 
		

		

		

		 

		

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

		
			APVN HOLDINGS LLC, as a Guarantor
		

		
			 
		

		
			By: /s/ Jeffrey Fletcher
		

		
			Name:   Jeffrey Fletcher
		

		
			Title: Vice President and Controller     
		

		
			825 E. Wisconsin Avenue
Appleton, WI 54912-0353
		

		
			U.S. BANK NATIONAL ASSOCIATION, as Trustee
		

		
			 
		

		
			By: /s/ Steven F. Posto
		

		
			Name: Steven F. Posto     
		

		
			Title: Vice President
		

		
			U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent
		

		
			 
		

		
			By: /s/ Steven F. Posto
		

		
			Name: Steven F. Posto
		

		
			Title: Vice President    
		

		 

		

			EAST\74384305.3exhibit10_152

		
			RESOLUTIONS
		

		
			OF THE BENEFITS FINANCE COMMITTEE
		

		
			OF APPVION, INC.
		

		
			 
		

		
			WHEREAS, pursuant to Section 14 of the Appvion, Inc. Executive Nonqualified Excess Plan, as amended (the “Excess Plan”), Appvion, Inc. (the “Company”), by action of its Board of Directors (or its delegate), may amend the Plan in whole or in part, at any time or from time to time; and
		

		
			 
		

		
			WHEREAS, the Board has delegated the responsibility for amending the Excess Plan to the Benefits Finance Committee in order to adopt the amendments to the Excess Plan reflected in the attached Exhibit A.
		

		
			 
		

		
			NOW, THEREFORE, BE IT RESOLVED, that the Excess Plan shall be amended to include the 2014 Amendment to the Excess Plan (the “2014 Amendment”) attached as Exhibit A as approved by the Company’s Board of Directors effective as of the date set forth in the Board of Directors resolution. 
		

		
			 
		

		
			BE IT FURTHER RESOLVED, that any member of the Benefits Finance Committee may execute any new documents required to further effectuate the purposes and intentions of the 2014 Amendment.
		

		
			 
		

		
			IN WITNESS WHEREOF, the undersigned, being all of the members of the Benefits Finance Committee, to evidence their consent to taking the foregoing actions by written consent in lieu of a meeting, have caused the above amendments to be adopted as of the date set forth above, and direct that they be placed with the minutes of the Committee.
		

		
			 
		

		
			Committee MemberDate
		

		
			 
		

		
			/s/ Thomas J. FerreeNovember 24, 2014
		

		
			Thomas J. Ferree
		

		
			 
		

		
			/s/ Jeffrey FletcherNovember 24, 2014
		

		
			Jeffrey Fletcher
		

		
			 
		

		
			/s/ Kerry S. ArentNovember 24, 2014
		

		
			Kerry S. Arent
		

		
			 
		

		
			/s/ Matthew VostersNovember 24, 2014
		

		
			Matthew Vosters
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

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		EXHIBIT A
		

		
			2014 AMENDMENT
		

		
			APPVION, INC. EXECUTIVE NONQUALIFIED EXCESS PLAN
		

		
			 
		

		
			The Appvion, Inc. Executive Nonqualified Excess Plan, as amended (the “Excess Plan”), a nonqualified deferred compensation plan as defined by Internal Revenue Code Section 409A(d)(1), is hereby amended by action and direction of the Board of Directors of Appvion, Inc. in accordance with Section 11.1 of the Excess Plan as set forth below.  This 2014 Amendment is generally effective this 4 day of November, 2014 except as otherwise provided herein.
		

			
	
			
				 1.
			

			
	
			
			Participation.  Effective January 1, 2015, the Compensation threshold for consideration for participation in the Excess Plan shall be set at $130,000 per annum. 

		
			 
		

			
	
			
				 2.
			

			
	
			
			Mid-Year Participation.  Section 3 of the Excess Plan shall be amended to include the following additional paragraph in confirmation and ratification of the existing Excess Plan Rule:

		
			 
		

		
			“The Company’s Chief Executive Officer and the Senior Vice President, Human Resources shall have the authority to effectuate mid-year participation in the Excess Plan for newly retained employees for the purpose of effectuating the terms of any offer of  employment, subject to the requirements of Code Section 409A and Treas. Reg. § 1.409A-2(a)(7).  The Company further ratifies and reaffirms the prior actions taken to effectuate mid-year participation in accordance with the terms of any employment agreement for a qualifying executive of the Company entered into during 2014.”
		

		
			 
		

			
	
			
				 3.
			

			
	
			
			 Committee.Section 2.6(b) of the Adoption Agreement is amended to name the Benefits Finance Committee as the “Committee” and the appropriate option (b) is hereby selected.

		
			 
		

			
	
			
				 4.
			

			
	
			
			Employer Credits in Year of Separation from Service due to Death, Disability or Retirement.  Section 4.2(b) of the Adoption Agreement shall be amended to include the following additional language:

		
			 
		

		
			“Notwithstanding any contrary provisions of Section 4.2(b) of the Adoption Agreement, a Participant shall be eligible for a pro-rata allocation of Employer Credits in the year of Separation from Service due to (1) death, (2) becoming Disabled, (3) a retirement at or following Normal Retirement Age, or (4) a retirement at or following the attainment of age 55 with ten or more years of Service.” 
		

		
			 
		

			
	
			
				 5.
			

			
	
			
			Compensation.  Section 4.2(b) of the Adoption Agreement shall be amended to provide the following additional language as the final sentence thereof:

		
			 
		

		
			 
		

		
			EXHIBIT A
		

		

		

		 

		

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		2014 AMENDMENT
		

		
			APPVION, INC. EXECUTIVE NONQUALIFIED EXCESS PLAN
		

		
			 
		

		
			 
		

		
			“In determining the allocation of Employer Credits, the Participant’s “Compensation” shall not include (x) restricted stock unit awards or any deferral of restricted stock units, or (y) compensation earned prior to the date the individual becomes a Participant.” 
		

		

		

		 

		

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			EXHIBIT A
		

		
			2014 AMENDMENT
		

		
			APPVION, INC. EXECUTIVE NONQUALIFIED EXCESS PLAN
		

		
			 
		

		
			Restricted Stock Unit Deferrals.  Section 4.1(g) of the Adoption Agreement shall be amended to include the following additional language.
		

		
			 
		

		
			“Deferrals with respect to restricted stock unit awards may only made (1) under the general terms of the Plan applicable to deferrals of Compensation or (2) within 30 days of the individual’s receipt of a legally binding right in accordance with the requirements of Treas. Reg. § 1.409A-2(a)(7) (with respect to individuals newly eligible to participate in the Excess Plan) or (3) within 30 days of the receipt of a legally binding right in accordance with Treas. Reg. § 1.409A-2(a)(5) with respect to certain forfeitable rights (i.e., restricted stock unit awards requiring a service period of at least 12 months from both (x) the date the individual or Participant, as applicable, acquired a legally binding right to the award, and (y) THE DATE OF THE DEFERRAL ELECTION), as applicable.
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		 

		

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