Document:

exv10w2

Exhibit 10.2

2005 LONG-TERM INCENTIVE PLAN

SPECIALTIME-LAPSE RESTRICTED STOCK UNIT AGREEMENT

     TIME-LAPSE RESTRICTED STOCK UNIT AGREEMENT (the “Agreement”), dated as of the 1ST
day of October 2008 (the “Grant Date”) between Campbell Soup Company (the “Company”) and Denise M.
Morrison (the “Participant”), an employee of the Company.

     WHEREAS, the Company desires to award the Participant restricted stock units, which each
represent a right to receive one share of Capital Stock of the Company (the “Restricted Stock
Units”) as hereinafter provided, under the Campbell Soup Company 2005 Long-Term Incentive Plan (the
“Plan”). Except as otherwise provided, the terms used herein shall have the same meaning as in the
Plan.

     NOW, THEREFORE, in consideration of valuable considerations the legal sufficiency of which is
hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

     1. Award of Restricted Stock Units. The Company hereby confirms the award to the
Participant on the Grant Date by the Compensation and Organization Committee of the Board of
Directors (the “Committee”) of 13,500 Restricted Stock Units. The Restricted Stock Units are in all
respects limited and conditioned as hereinafter provided, and are subject in all respects to the
Plan’s terms and conditions, as amended.

     2. Restriction Period; Payment. Subject to the terms of this Agreement and the Plan
and provided that the Participant remains continuously employed until September 30, 2011 (the
“Vesting Date”) all 13,500 Restricted Stock Units will vest on that date. Except as otherwise
provided below, the Company shall deliver to the Participant one share of the Company’s Capital
Stock for a vested Restricted Stock Unit during the month following the Vesting Date. Unless
terminated earlier under Section 4 below, a Participant’s rights under this Agreement shall
terminate with respect to each Restricted Stock Unit at the time such Restricted Stock Unit is
converted into the Company’s Capital Stock.

     3. Dividend Equivalent Payment. Prior to the Vesting Date, Participant shall be paid
in cash the amounts equivalent to the dividends which would be paid on the Company’s Capital Stock
underlying the Restricted Stock Units. Such dividend equivalent amounts shall be paid as soon as
practicable after the Company’s Board of Directors approves and declares a dividend on its Capital
Stock, but no later than March 15 of the year following the year such dividend is declared.
Notwithstanding the foregoing and subject to Section 4 below, the dividend equivalent payments
shall be discontinued for any Restricted Stock Units terminated under Section 4 if the Participant
is no longer employed by the Company or its subsidiaries and an exception does not apply.

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     4. Early Termination of Restricted Stock Unit; Termination of Employment. The
Restricted Stock Units shall terminate and become null and void if and when the Participant ceases
for any reason to be an employee of the Company or its subsidiaries, including but not limited to
termination for Cause, voluntary resignation or retirement, except as provided in below:

	 	(a)	 	Retirement Eligible upon Total Disability or Death.

	 	(i)	 	If the Participant’s employment is terminated at least six (6)
months following the Grant Date as the result of Total Disability or death
(provided the Participant is Retirement Eligible at the time of any such
termination), the Participant shall be treated as continuously employed through
the Vesting Date, and the Company will deliver to the Participant, or his or
her legal representative, one share of the Company’s Capital Stock for each
Restricted Stock Unit vested on the Vesting Date in accordance with Section 2.
	 
	 	(ii)	 	For purposes of this Agreement, the following terms shall have
the meanings set forth below:

	 	A.	 	“Retirement” or “Retirement Eligible” means the
Participant terminates, or is eligible to terminate, employment with
the Company or its subsidiaries after attaining 55 years of age with at
least 5 years of continuous service on or prior to the date of
termination.
	 
	 	B.	 	“Total Disability” means “Total Disability” or
“Totally Disabled” as that term is defined under a Company-sponsored
long-term disability plan from which the Participant is receiving
disability benefits and which is in effect from time to time on and
after the Grant Date.

	 	(b)	 	Not Retirement Eligible upon Total Disability or Death; Involuntary
Termination. If the Participant’s employment is terminated at least six (6) months
following the Grant Date: (i) as the result of the Participant’s Total Disability or
death and the Participant is not Retirement Eligible; or (ii) by the Company for
reasons other than Cause, the Participant shall vest on the Vesting Date in a prorated
portion of his or her Restricted Stock Units under this Agreement according to the
following formula: the number of months worked from the Grant Date to termination date
divided by 36; multiplied by 13,500 Restricted Stock Units.
	 
	 	 	 	The Company will deliver to the Participant, or his or her legal representative, one
share of the Company’s Capital Stock for each Restricted Stock Unit that vests on
the Vesting Date in accordance with Section 2.
	 
	 	(c)	 	Any Termination Prior to Six-Month Anniversary of Grant Date. If a
Participant retires, resigns or is terminated for any reason before six (6) months have
elapsed from the Grant Date, the Restricted Stock Unit award shall be cancelled by the
Company and the Participant shall forfeit the entire award.

     5. Withholding of Taxes. The Company or the subsidiary which employs the Participant
shall be entitled to require, as a condition of making any payments or issuing any shares upon
vesting of the Restricted Stock Units, that the Participant or other person entitled to such shares
or other payment pay any sums required to be withheld by federal, state, local, or other applicable tax law with
respect to

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such vesting or payment. Alternatively, the Company or such subsidiary, in its
discretion, may make such provisions for the withholding of taxes as it deems appropriate
(including, without limitation, withholding the taxes due from compensation otherwise payable to
the Participant or reducing the number of shares otherwise deliverable with respect to the award
(with the value based on the closing price on the NYSE composite tape on the tax date) by the
amount necessary to satisfy such withholding obligations).

     6. Non-Transferability of Restricted Stock Units. Participant’s right in the
Restricted Stock Units awarded under this Agreement and any interest therein may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner, other than by will or
by the laws of descent or distribution. Restricted Stock Units shall not be subject to execution,
attachment or other process.

     7. Severability. If one or more of the provisions of this Award Agreement shall be
held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby and the invalid,
illegal or unenforceable provisions shall be deemed null and void; however, to the extent
permissible by law, any provisions which could be deemed null and void shall first be construed,
interpreted or revised retroactively to permit this Agreement to be construed so as to foster the
intent of this Agreement and the Plan.

     8. Internal Revenue Code Section 409A. This Agreement shall be interpreted, operated,
and administered in a manner so as not to subject Participant to the assessment of additional taxes
or interest under Code section 409A to the extent such Participant or any payment under this
Agreement is subject to U.S. tax laws, and this Agreement shall be amended as the Company, in its
sole discretion, determines is necessary and appropriate to avoid the application of any such taxes
or interest.

     9. Entire Agreement. The terms of the Plan and this Agreement when signed by
Participant will constitute the entire agreement with respect to the subject matter hereof. This
Agreement supersedes any prior agreements, representations or promises of the parties relating to
the subject matter hereof.

     10. Governing Law. This Agreement shall be construed in accordance with, and its
interpretation shall otherwise be governed by, New Jersey law.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by a duly authorized
executive, and the Participant has hereunto set his or her hand and seal, all as of the day and
year first above written.

	 	 	 	 	 
	 	CAMPBELL SOUP COMPANY

 	 
	 	By:  	/s/
John J. Furey
 	 
	 	 	John J. Furey 	 
	 	 	Vice President & Corporate
Secretary 	 
	 

	 	 	 
	/s/ Denise M. Morrison
 

	 	  
	Participant
	 	 

3ex10-1.htm

    

      EXHIBIT
10.1

       

       

      PURCHASE
AGREEMENT

       

       

      Purchase
Agreement (this “Agreement”) made as
of September 22, 2008, between Adco Surgical Supply, Inc,. a Maine Corporation
with a principal place of business of 1292 Hammond Street, Bangor,
Maine  04401 (the “Seller”), and Adco
South Medical Supplies, Inc., a Florida corporation with a principal place of
business of 9646 Shepard Place, Wellington, Florida  33414-6420 (the
“Purchaser”),
and Anand Patel, an individual residing at 9646 Shepard Place, Wellington,
Florida  33414-6420 (the “Guarantor”).

      

      WHEREAS, Seller
is a wholesaler and retailer of medical equipment and supplies and additionally
operates an internet web-site and desires to sell, transfer and assign to the
Purchaser its inventory as listed on Schedule A attached hereto, accounts
receivable as listed on Schedule B attached hereto, and fixed and intangible
assets as listed on Schedule C attached hereto (the “Transferred Assets”);
and

       

      WHEREAS, the
Purchaser desires to purchase the Transferred Assets;

      

      NOW, THEREFORE,
the parties hereto, for good and valuable consideration, intending to be bound,
do hereby agree as follows:

      

      1.           Purchase and
Sale.  The Seller shall sell, assign and transfer the
Transferred Assets to the Purchaser, and the Purchaser shall purchase the
Transferred Assets from the Seller, on the Closing Date (as hereafter defined)
for consideration consisting of One Hundred Thousand Dollars ($100,000) plus the
assumption of certain of the Seller’s liabilities as listed on Schedule D
attached hereto (the “Purchase
Price”).  Payment of the Purchase Price shall be made on the
Closing Date by the delivery by the Purchaser by wire transfer of funds in the
amount of $50,000 (of which $5,000 shall be paid by application of the deposit),
a Promissory Note issued

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      by the Purchaser
(the “Note”)
substantially in the form attached hereto in a principal amount equal to Fifty
Thousand Dollars ($50,000) and the assumption and payment of Seller’s
liabilities as listed on Schedule D.  The closing of the purchase and
sale contemplated hereunder (the “Closing”) shall
happen simultaneously with the exchange of executed forms of this Purchase
Agreement by the Seller and Purchaser and the Purchaser’s delivery of the
Purchase Price to the Seller.

      

      2.           Seller’s Representations and
Warranties to Purchaser.  The Seller hereby represents and
warrants to the Purchaser that:

      

      (a)           The
execution, delivery and performance by the Seller of this Agreement do not
conflict with or cause a breach of any instrument, agreement or order of any
court to which the Seller is a party or by which its property is bound; and no
consent, notice or approval by any court or governmental or regulatory authority
is required to be obtained by the Seller in connection with his execution,
delivery and performance of this Agreement.

      

      (b)           This
Agreement constitutes the legal, valid and binding obligation of the Seller
enforceable in accordance with its terms.

      

      (c)           Seller
has good and marketable title to the Transferred Assets, said title shall be
free and clear of any pledge, lien, charge, encumbrance, assignment, option or
rights of any third party with respect thereto with the exception of a $300,000
line of credit with Key Bank primarily secured by a mortgage on the real estate
owned by the Seller (“Encumbrances”).  The
Seller has full power and legal right and authority to sell, assign and transfer
such title to the Purchaser, and upon the sale to the Purchaser of the
Transferred Assets, the Purchaser shall obtain good and marketable title to the
Transferred Assets free of all Encumbrances.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (d)           Seller
represents and warrants that, to the best of its knowledge, there are no
lawsuits pending against Adco Surgical Supply, Inc and that Karen Wright is the
only officer of the corporation.

      

               
4.           Purchaser’s Representations
and Warranties to Seller.  The Purchaser hereby represents and
warrants to the Seller that:

      

      (a)           The
execution, delivery and performance by the Purchaser of this Agreement, the
Security Agreement and the Note do not conflict with or cause a breach of any
instrument, agreement or order of any court to which the Purchaser is a party or
by which its property is bound; and no consent, notice or approval by any court
or governmental or regulatory authority is required to be obtained by the
Purchaser in connection with its execution, delivery and performance of this
Agreement and the Note.

      

      (b)           This
Agreement, the Security Agreement and the Note constitute the legal, valid and
binding obligations of the Purchaser enforceable in accordance with their
respective terms.

      

      (c)           That
it has no indebtedness other than the Note and the Occupancy Agreement, to be
provided hereunder, and it is current on all of its financial
obligations.

      

      (d)           It
knows of no reason that either with the passage of time or the occurrence of any
event it will be unable to fully or timely satisfy its obligations to
Seller.

      

               
5.           Anand Patel’s Representation
and Warranties to Seller.  Anand Patel hereby represents and
warrants to the Seller that:

      

      (a)           He
owns all the stock of the Purchaser;

      

      (b)           That
the Purchaser has no indebtedness, other than the Note and Occupancy Agreement,
to be provided hereunder;

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (c)           That
he has no indebtedness other than as disclosed to Seller pursuant to the
financial statements he provided dated March 2008, the Promissory Note to Nyer
Medical Group, Inc., dated June 24, 2008, the Note, and the Occupancy Agreement,
to be provided hereunder; and

      

      (d)           He
is current on all of his financial obligations and knows of no reason that
either with the passage of time or the occurrence of any event he will be unable
to fully and timely satisfy his obligations to Seller.

      

      6.           Conditions to
Closing.  The obligations of the Seller and the Purchaser to
perform their respective obligations hereunder shall be subject to (i) the
representations and warranties of the other party being true and correct as of
the Closing as though made as of the Closing Date and (ii) the performance by
the other party of his or its obligations which are to be performed at or before
the Closing.  If any such condition to a party’s obligation to close
is not satisfied within ten (10) days after the date hereof (other than due to
the failure of such party to perform his or its obligations hereunder), such
party may terminate this Agreement, and neither the Seller nor the Purchaser
shall have any liability to the other by reason of such
termination.

      

      7.           Purchaser’s Option to
Purchase Real Estate.  Provided the Purchaser and Anand Patel
shall have fully complied with their obligations under this Agreement, the Note,
the Occupancy Agreement and Anand Patel shall have fully complied with his
obligations to Nyer Medical Group, Inc. pursuant to the Agreement and the
Promissory Note ($25,000) each dated June 24, 2008, Purchaser may elect to
purchase the real property together with the building known as 1292 Hammond
Street, Bangor, Maine, as described on Exhibit A (the “Property”) hereto by
giving notice of such election in writing (the “Option Notice”) to
Seller to be received by no later than January 31, 2009, together with a $10,000
non-refundable deposit (the

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      “Deposit”) along with
a letter of commitment from a reputable lending institution for financing that
together with Purchasers documented liquid assets shall be sufficient to satisfy
the full purchase price.  Following receipt of the Option Notice and
Deposit, Seller shall convey the Property to Purchaser in as is condition
without representation or warranty by Seller, and Purchaser shall pay One
Million Ninety Thousand Dollars, after application of the Deposit, for a total
of One Million One Hundred Thousand Dollars, so as to be received by the Seller
prior to the first day of the fifth month anniversary of this Agreement
(February 22, 2009), but in any event at least ten business days prior notice
shall have been given to Seller.  Otherwise, such sale and purchase
shall be made on terms and conditions then typical for conveyance of similar
commercial properties in Bangor, Maine. Notwithstanding anything to the contrary
contained herein, at the time of such conveyance, Seller shall deliver title to
the Property free of any liens or encumbrances created by Seller, or caused by
Seller or any party claiming by, through or under Seller (other than Purchaser
or any party claiming thereunder) except for the Permitted Exceptions, as
hereinafter defined, and Seller shall provide evidence of its authority to
convey the Property in a form reasonably acceptable to Purchaser, and shall
execute such other commercially reasonable documents as are customary for sales
similar to the sale of the Property. “Permitted Exceptions”
shall mean (i) liens for taxes, assessments and governmental charges not yet due
and payable or due and payable but not yet delinquent; (ii) leases for space in
the Property; and (iii) such other nonmonetary encumbrances with respect to the
Property which do not materially and adversely affect the current use of the
Property. Except for sums necessary to discharge mortgage liens or other
monetary liens created by Seller, or caused by Seller or any party claiming by,
through or under Seller (other than Purchaser or any party claiming thereunder),
Seller shall have no obligation to expend any sum to deliver title as
required

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      hereunder, and if
Seller is not able to convey title to the Property in accordance with the
provisions hereof, then Purchaser shall have the option, as Purchaser’s sole and
exclusive remedy at law or in equity, to withdraw and cancel any Option Notice
given by Purchaser, in which case all obligations, liabilities and rights of the
parties under this Section shall terminate and be of no further force or
effect.  This option may not be assigned and/or transferred by
Purchaser as originally designated hereunder.

      

      8.           Miscellaneous.  (a)  This
Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective heirs, executors, administrators, other personal
representatives and permitted assigns.  No party may assign his or its
rights or obligations hereunder without the consent of the other party
hereto.

      

      (b)           This
Agreement expresses the entire understanding of the parties with respect to the
subject matter hereof.  This Agreement may not be amended or waived
except by an instrument in writing signed by each of the parties
hereto.

      

      (c)           The
representations and warranties of the parties set forth herein shall survive the
Closing.

      

      (d)           If
and to the extent any corporate income taxes are owed by the Seller for periods
prior to the Closing, the Seller shall be responsible for
payment.  The Purchaser shall provide to the Seller timely notice and
all documentation related to any such amounts.  Seller retains all
rights attributed to the resolution of amounts claimed by any taxing
authority.

      

      (e)           This
Agreement may be executed in more than one counterpart, each of which shall be
deemed an original.  The signatures on this Agreement may be either
original signatures or telefaxed copies of original signatures.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (f)           This
Agreement shall be governed by and interpreted in accordance with the
substantive laws of The Commonwealth of Massachusetts, without giving effect to
conflicts or choice of laws principles.

      

      (g)           But
for the Seller’s obligation pursuant to Paragraph 7(d) above, following the
Closing the Seller shall be relieved of all obligations of any nature related to
the Seller.  Following the Closing, the Purchaser shall be solely
responsible for all matters of any nature related to the Seller.

      

      (h)           Seller,
Purchaser and Anand Patel are simultaneously herewith entering into an Occupancy
Agreement.  Purchaser and Anand Patel are providing Seller with the
Note and Purchaser is providing Seller with the Security Agreement.

      

      IN WITNESS
WHEREOF, each of the parties hereto has caused this Agreement to be executed as
of the date first above written.

       

       

      
        
          	 
      	
                  SELLER:

                   

                
	 
      	
                  ADCO
      Surgical Supply, Inc.

                   

                
	 
      	
                  /s/
      Karen Wright

                
	 
      	
                  By:  Karen
      Wright

                  Title: President

                
	 
      	 
      
	 
      	
                  PURCHASER:

                
	 
      	 
      
	 
      	
                  ADCO South
      Surgical Supplies, Inc.

                
	 
      	 
      
	 
      	
                  By: /s/ Anand
  Patel

                
	 
      	
                  Anand
      Patel

                
	 
      	 
      

        

       

      All Obligations
of the Purchaser are guaranteed by Anand Patel.

      

      
 

      /s/ Anand
Patel

      Anand
Patel

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