Document:

EX-10.2

Exhibit 10.2

	 	 	 
	 

	Bruce L. Rosa
	 

	 
	 

	 	Name of Key Employee
	 
	 	 
	 

	December 3, 2008
	 

	 
	 

	 	Date of Agreement

LANCASTER COLONY CORPORATION

Amended and Restated Key Employee Severance Agreement

          This Amended and Restated Key Employee Severance Agreement (“Agreement) is entered
into as of the date set forth above between Lancaster Colony Corporation (“LCC”) and the
undersigned key employee of LCC named above (“Key Employee”).

          1. Severance Benefits. In the event there is a Termination of Employment of the Key
Employee within one (1) year following a Change in Control (i) by LCC other than for Cause, or (ii)
by the Key Employee for Good Reason, the Key Employee shall be entitled to and shall be paid and
provided the following severance benefits by LCC:

               (a) Unpaid Base Salary. The amount of any unpaid base salary of the Key Employee
accruing through the date of Termination of Employment, determined at the base salary rate in
effect for the Key Employee at such date, shall be paid to the Key Employee in cash by LCC within
thirty (30) days following the date of Termination of Employment (provided that if such
thirty-(30-) day period begins in one calendar year and ends in another, the Key Employee shall not
have the right to designate the calendar year of payment).

               (b) Severance Compensation. An amount equal to the lesser of (i) the
sum of (y) the Key Employee’s highest annual salary paid within the three full fiscal years prior
to the date of termination of employment, plus (z) the Key Employee’s highest total annual bonus
paid within the three full fiscal years prior to the date of Termination of Employment, or (ii) an
amount equal to twice the Key Employee’s annual compensation (salary plus bonus) paid for the full
fiscal year immediately preceding the date of Termination of Employment, shall be paid to the Key
Employee in cash by LCC within thirty (30) days following the date of termination of Employment
(provided that if such thirty-(30-) day period begins in one calendar year and ends in
another, the Key Employee shall not have the right to designate the calendar year of payment).

               (c) Continuation of Benefits. In addition to the foregoing cash payments, the Key
Employee shall be entitled to continued coverage under such of LCC’s health, disability and life
insurance plans in which the Key Employee participated on the date of Termination of Employment, on
the same basis as in effect on such date of Termination of Employment (including required employee
contributions, if any), for a period of one year following the date of Termination of Employment.

 

 

          2. Definitions. As used herein, the following terms shall have the meanings set forth
below.

               “Cause” means the willful engaging by the Key Employee in malfeasance or felonious
conduct which in any material respect impairs the reputation, good will or business position of LCC
or involves misappropriation of LCC’s funds or other assets.

               “Change in Control” means a change in control of LCC of a nature that would be
required to be reported in response to Item 1.01(a) or Item 5.01 of LCC’s Current Report on Form
8-K pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”); provided that, without limitation, such a Change
in Control shall be deemed to have occurred at such time as (i) any “person” within the meaning of
Section 14(d) of the Exchange Act, other than LCC; a subsidiary of LCC; John B. Gerlach, Jr. or any
of their “affiliates” or “associates” (as such terms are defined in Rule 12b-2 under the Exchange
Act); or any employee benefit plan sponsored by LCC, becomes the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of thirty percent (30%) or more of the
common stock of LCC or otherwise controls more than thirty percent (30%) of the outstanding shares
entitled to vote or (ii) individuals who constitute the Board of Directors of LCC as of the date
hereof (the “Incumbent Board”) or who are successor members to such Incumbent Board members
and whose appointment or nomination for election was approved by action of at least three-fourths
of (y) of such Incumbent Board (“Approved Successors”) or (z) by a board whose members can
trace their status as such to appointment or nomination for election which was approved by at least
three-fourths of Incumbent Board members or Approved Successors cease for any reason to constitute
at least a majority thereof; but excluding, for this purpose, any such individual whose initial
assumption of office occurs as a result of either an actual or threatened election contest (as such
terms are used in Rule 14a-11 of Regulation 14A under the Exchange Act) or other actual or
threatened solicitation of proxies or consents by or on behalf of a person other than the Incumbent
Board (including Approved Successors).

               “Code” means the Internal Revenue Code of 1986, as amended.

               “Good Reason” means a material diminution of the Key Employee’s base salary, (ii) a
material diminution in the Key Employee’s authority, duties or responsibilities, (iii) a material
change in geographic location at which the Key Employee must perform services for LCC, or (iv) any
other action or inaction that constitutes a material breach of the terms of a written agreement
between LCC and the Key Employee; provided, however, that an event shall not
constitute “Good Reason” unless, within ninety (90) days of the initial existence of an event, the
Key Employee gives LCC at least thirty (30) days’ prior written notice of such event setting forth
a description of the circumstances constituting Good Reason and LCC fails to cure such within the
thirty (30)-day period following LCC’s receipt of such written notice.

               “Section 409A” means Code Section 409A and all United States Department of Treasury
and Internal Revenue Service regulations, guidance, and other interpretative authority thereunder.

               “Termination of Employment” means a termination of the Key Employee’s employment with
LCC that constitutes a “separation from service” as defined in Section 409A.

          3. Disputes. If a dispute arises regarding a termination of the Key Employee’s
employment with LCC or the interpretation or enforcement of this Agreement and the Key Employee
obtains a final judgment in the Key Employee’s favor by a court of competent jurisdiction or the
Key Employee’s claim is settled by LCC prior to the rendering of a judgment by

 

 

such a court, all reasonable legal fees and expenses incurred by the Key Employee in
contesting or disputing any such termination or seeking to obtain or enforce any right,
compensation, or benefit provided for in this Agreement, or in otherwise pursuing the Key
Employee’s claim, shall be paid by LCC to the fullest extent permitted by law.

          4. No Mitigation or Reduction of Benefits. The Key Employee is not required to
mitigate the amount of any benefits to be paid by LCC pursuant to this Agreement by seeking other
employment or otherwise, nor shall the amount of any benefits provided for in this Agreement be
reduced by any compensation earned by the Key Employee as the result of employment by another
employer after Termination of Employment.

          5. No Employment Rights or Obligations Established. This Agreement does not establish
any rights on the part of the Key Employee to continued employment by LCC, nor does it establish
any obligations on the part of the Key Employee to continue the Key Employee’s employment with LCC,
it being understood and agreed that this Agreement relates solely to certain benefits to be
provided to the Key Employee in the event of Termination of Employment under certain circumstances
as provided herein.

          6. Amendments. This Agreement may not be amended or modified otherwise than by a
written agreement executed by the parties hereto.

          7. Other Agreements. This Agreement does not supersede or affect in any way, nor is
it affected in any way by, any other existing agreement, written or oral, between LCC and the Key
Employee; provided, however, this Agreement supersedes and replaces the Key
Employee Severance Agreement between LCC and the Key Employee. Further, no future agreement
between LCC and the Key Employee shall supersede or affect this Agreement, nor shall this Agreement
affect such future agreement, unless such future agreement specifically so provides and is executed
by both LCC and the Key Employee.

          8. Successors and Assigns. This Agreement is personal to the Key Employee and may not
be assigned by him otherwise than by will or the laws of descent and distribution. This Agreement
shall be binding upon, inure to the benefit of and be enforceable by and against LCC and its
successors and assigns.

          9. Governing Law. This agreement is made and is expected to be performed in Ohio, and
the various terms, provisions, covenants and agreements, and the performance thereof, shall be
construed, interpreted and enforced under and with reference to the laws of the State of Ohio.

          10. Section 409A Compliance. To the extent applicable, LCC and the Key Employee
intend that this Agreement comply with Section 409A and that should any provision be found not in
compliance with Section 409A, the parties hereby agree to execute any and all amendments to this
Agreement deemed necessary and required by legal counsel for LCC to achieve compliance with Section
409A. In no event shall any payment required to be made pursuant to this Agreement that is
nonqualified deferred compensation within the meaning of Section 409A be made to the Key Employee
unless the Key Employee has incurred a Termination of Employment. In the event the Key Employee is
a “specified employee” (as defined in Section 409A) so that payments of nonqualified deferred
compensation cannot commence under Section 409A until the lapse of six (6) months after a
Termination of Employment, then (i) any such payments of nonqualified deferred compensation that
are required to be paid in a single lump sum shall not be made until the date which is six (6)
months and one (1) day after the Key Employee’s Termination of Employment, and (ii) the first six
(6) months of any such payments of nonqualified deferred compensation that are required to be paid
in installments shall be paid on the date which is six (6)

 

 

months and one (1) day following the Key Employee’s Termination of Employment (and all
remaining installment payments shall be made as would ordinarily have been made under the
provisions of this Agreement).

          IN WITNESS WHEREOF, this Agreement is executed by the parties effective the date first set
forth above.

	 	 	 	 	 
	LCC:

	 	 	 	 
	 
	 

	 	 	 	Key Employee:
	 
	LANCASTER COLONY CORPORATION	 	 
	 
	 	 	 	 
	By:

	 	/s/ John B. Gerlach, Jr.	 	 
	 

	 	 	 	 
	 

	 	(Signature)	 	 
	 
	 

	 	 	 	/s/ Bruce L. Rosa
	 

	 	 	 	 
	 

	 	 	 	(Signature)
	 
	John B. Gerlach, Jr., Chairman, CEO & President	 	Bruce L. Rosa
	 	 	 
	 

	 	(Name and Title)
	 	(Name)EX-10.1

Exhibit 10.1

NINTH AMENDMENT TO LEASE AND PARTIAL SURRENDER AGREEMENT

     This Ninth Amendment of Lease and Partial Surrender Agreement (this “Agreement”) dated
as of the 24th day of September, 2008, between 5 INDEPENDENCE SPE LLC, having an address c/o
Mack-Cali Realty Corporation, 343 Thornall Street, P.O. Box 7817, Edison, New Jersey 08818-7817
(“Landlord”) and HARRIS INTERACTIVE, INC., having an address at 135 Corporate Woods,
Rochester, New York 14623-1457 (“Tenant”).

WITNESSETH:

WHEREAS:

A. Bellemead Development Corporation and Total Research Corporation, predecessor in interest to
Tenant, heretofore entered into a certain lease dated December 2, 1985, as amended on July 31,
1986, January 5, 1987, November 27, 1990, December 27, 1995, December 12, 1996, February 19, 1998,
June 15, 1998, September 28, 1999, December 15, 2000 and February 20, 2004 (said lease as it was
and may hereafter be amended is hereinafter called the “Lease”) with respect to
approximately 29,112 gross rentable square feet (the “Existing Premises”) in a portion of
the building commonly known as 5 Independence Way, Princeton, New Jersey (the “Building”);
and

B. The Term of the Lease currently expires on February 28, 2011; and

C. Tenant desires to (i) surrender to Landlord a portion of the Existing Premises consisting of
approximately 5,627 gross rentable square feet, as shown on Exhibit A attached hereto (the
“Surrender Premises”), and (ii) remain obligated under the Lease for the balance of the
Existing Premises consisting of approximately 23,485 gross rentable square feet (the “Retained
Premises”); and

D. Landlord is willing to accept Tenant’s surrender of the Surrender Premises, subject, however, to
the terms and conditions contained herein; and

E. Landlord and Tenant desire to extend the Term of the Lease with respect to the Retained Premises
so that the Term of the Lease shall now expire ten (10) years from the Effective Date (as defined
below).

     NOW THEREFORE, in consideration of the promises and mutual covenants hereinafter contained,
the parties hereto agree as follows:

     1. Defined Terms. All terms contained in this Agreement that are defined in the Lease,
shall, for the purposes hereof, have the same meaning ascribed to them in the Lease.

     2. Incorporation by Reference. The above recitals are incorporated herein by
reference.

     3. Surrender. (a) Subject to the provisions of this Agreement, the Lease and the term
and estate granted thereunder with respect to the Surrender Premises shall terminate and expire as
of the day prior to the Effective Date (the “Surrender Date”), as fully and completely as if the
Surrender Date was the date originally fixed in the Lease as the Termination Date with respect to
the Surrender Premises, and Tenant shall surrender the Surrender Premises on the Surrender Date to
Landlord as fully and completely as if the Surrender Date was the date originally fixed in the
Lease as the Termination Date with respect to the Surrender Premises, and Landlord shall accept the
Surrender Premises on the Surrender Date, to have and to hold the same for the unexpired residue of
the term of the Lease. After the Surrender Date, Tenant shall have no further rights, obligations
or liabilities of any kind or nature under the Lease with respect to the Surrender Premises, except
as expressly provided in this Agreement. Tenant acknowledges its obligation to
pay Minimum Rent, Adjusted Minimum Rent and any other charges payable by Tenant

1

 

under the
Lease (whether or not said sum shall have been fixed as of the Surrender Date) applicable to the
Surrender Premises through the Surrender Date. Upon final computation of Adjusted Minimum Rent due
applicable to the Surrender Premises, Landlord shall promptly refund or credit, at Landlord’s
option, any excess payment (if any) and Lessee shall promptly make up any underpayment (if any).
This provision shall survive the Lease termination applicable to the Surrender Premises.

          (b) Notwithstanding anything to the contrary contained in the Lease, on or before the
Surrender Date, Tenant shall surrender the Surrender Premises free from all Tenant’s furniture and
equipment, in broom clean but otherwise as-is condition. In the event that Tenant fails to
surrender the Surrender Premises to Landlord on the Surrender Date in accordance with the terms of
this Agreement, then Tenant’s occupancy of the Surrender Premises shall be deemed a holdover
tenancy for the period commencing on the Surrender Date to and including the date on which Tenant
surrenders the Surrender Premises to Landlord in accordance with the terms of this Agreement and
such occupancy shall be subject to the terms of Article 55 of the Lease.

          (c) The effective date shall be the day Landlord, at Landlord’s sole cost and expense,
completes construction of a demising wall between the Surrender Premises and the Retained Premises
(the “Effective Date”), which Landlord estimates to be on or about November 1, 2008. In addition
to the demising wall, Landlord, at its sole cost and expense, shall remove wallpaper where
necessary, paint and carpet the Retained Premises in colors to be chosen by Tenant from Landlord’s
standard paint and carpet selection charts (the “Landlord’s Work”). The Landlord’s Work shall be
performed at mutually agreed upon times and Landlord shall use reasonable efforts to minimize
disruption to Tenant’s use of the Retained Premises. Tenant shall cooperate with Landlord during
the performance of any work hereunder by removing all wall hangings and relocating all furniture,
equipment and personnel as necessary, at Tenant’s sole cost. Tenant acknowledges that it is in
occupancy of the Retained Premises and hereby accepts the Retained Premises in their “AS-IS”
physical condition and state of repair as of the Effective Date, subject, however, to the terms of
this subparagraph (c). Landlord shall make reasonable efforts to erect and finish the demising wall
no later than November 1, 2008 and to complete Landlord’s Work no later than January 1, 2009 (as
reasonably approved by Tenant and subject only to minor punch-list items). Landlord shall have no
obligation to do any work, perform any services or grant any construction allowances in connection
with this Agreement or the extension of the term of the Lease, except as set forth in this
subparagraph (c).

     4. Extension Term. (a) The Term applicable to the Retained Premises shall be extended
for a period of ten (10) years commencing on the Effective Date and terminating 11:59 p.m. on the
last day of the month in which the day prior to the tenth (10th) anniversary of the
Effective Date occurs.

          (b) During the term of the Lease, as extended hereby, Tenant shall continue to perform all of
its obligations under the Lease, as amended hereby, including, without limitation, the payment of
Minimum Rent, Adjusted Minimum Rent, costs of electricity and all other charges under the Lease, as
amended hereby

     5. Changes to Defined Terms in the Lease. From and after the Effective
Date, the Lease shall be modified as follows:

          a. The term “Demised Premises” in the Lease shall be the approximately 23,485 square feet
referred to as the Retained Premises in this Amendment. All terms and agreements contained in the
Lease shall apply to the Retained Premises demised herein with the same force and effect as if the
same had been set forth in full herein except as otherwise expressly provided in this Agreement.

          b. The term “Minimum Rent” shall be defined as follows:

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	 	 	 	 	 	 	 	 	 	 	Annual
	 	 	Annual	 	Monthly	 	Per Sq.
	Term	 	Rate	 	Installments	 	Ft. Rate
	Commencing on the Effective
Date through and including the
last day of the month in which
the day prior to the third
(3rd) year
anniversary of the Effective
Date occurs
	 	$	598,867.50	 	 	$	49,905.63	 	 	$	25.50	 
	 
	For the next three (3) years
	 	$	622,352.50	 	 	$	51,862.71	 	 	$	26.50	 
	 
	For the last four (4) years
	 	$	645,837.50	 	 	$	53,819.79	 	 	$	27.50	 

If the Effective Date is a day other than the first day of a calendar month, the monthly
installment of Minimum Rent for the month during which the Effective Date occurs shall be
prorated.

          c. During the term of the Lease, as extended hereby, Tenant shall pay Adjusted Minimum Rent
and all other sums due under the Lease, as amended hereby.

          d. The term “Occupancy Percentage” as used in the Lease shall mean 20.71%.

          e. For purposes of computing the Adjusted Minimum Rent with respect to the Retained Premises,
commencing on the Effective Date through and including February 28, 2011, the terms “First Tax
Year” and “First Operating Year” shall each mean the calendar year ending December 31, 2004.

          As of March 1, 2011, Tenant shall pay Landlord an Adjusted Minimum Rent as follows and Section
36 of the Lease shall be deemed amended accordingly: Tenant shall pay Landlord Tenant’s Occupancy
Percentage of Taxes and Building Operating Costs for the Building over a “Tax and Operating Cost
Expense Stop” of $1,037,390.40 ($9.15 multiplied by the gross rentable square footage of the
Building, i.e. 113,376 square feet). The Taxes and Building Operating Costs shall be combined, and
Tenant shall pay, as the Adjusted Minimum Rent, Tenant’s Occupancy Percentage that such combined
sum of Taxes and Building Operating Costs for the Building exceeds the Tax and Operating Cost
Expense Stop of $1,037,390.40 ($9.15 multiplied by the gross rentable square footage of the
Building, i.e. 113,376 square feet). Such Adjusted Minimum Rent shall be paid by Tenant to Landlord
in accordance with Section 36.5(1) of the Lease, mutatis mutandis.

          f. The “parking spaces” shall be eighty-two (82) spaces.

     6. Effective Date. No later than thirty (30) days after the determination of the
Effective Date, the parties shall agree to memorialize the Effective Date in writing.

     7. Broker. Tenant represents and warrants to Landlord that no broker brought about
this transaction, except CB Richard Ellis, Inc. The Landlord is responsible for the payment of CB
Richard Ellis, Inc. and Landlord and Tenant each agree to indemnify and hold Landlord harmless from
any and all claims of any other broker arising out of or in connection with negotiations of, or
entering into of, this Agreement.

     8. Estoppel. Tenant hereby represents to Landlord that (i) there exists no default
under the Lease either by Landlord or Tenant; (ii) Tenant is entitled to no credit, free rent or
other offset or abatement of the rents due under the Lease; (iii) there exists no

3

 

offset, defense
or counterclaim to Tenant’s obligation under the Lease; (iv) and Tenant has no options to renew or
extend the term of the Lease or any rights of first refusal or first offer or any other rights with
respect to additional space or expansion space.

     9. Mortgagee Approval. This Agreement is expressly conditioned upon Landlord
receiving the consent and approval of Landlord’s mortgagee to its terms and provisions not later
than thirty (30) days after its execution by Tenant and Landlord, and delivery to Landlord. Should
said consent not be received within the aforesaid time
period, either party may cancel this Agreement, and thereafter the Lease shall remain in full
force and effect.

     10. Ratification. Except as expressly amended herein, the Lease, as amended herein,
shall remain in full force and effect as if the same had been set forth in full herein, and
Landlord and Tenant hereby ratify and confirm all of the terms and conditions thereof.

     11. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective legal representatives, successors and permitted
assigns.

     IN WITNESS WHEREOF, Landlord and Tenant have hereunto set their hands and seals the date and
year first above written, and acknowledge one to the other that they possess the requisite
authority to enter into this transaction and to sign this Agreement.

LANDLORD:

5 INDEPENDENCE SPE LLC

By: Gale SLG NJ Mezz LLC, sole member

      By: Gale SLG NJ Operating Partnership L.P., sole member

           By: Gale SLG NJ GP LLC, general partner

               
By: Mack-Green-Gale LLC, sole member

                    
By: Mack-Cali Ventures L.L.C., managing member

                         
By: Mack-Cali Realty, L.P., sole member

                               By: Mack-Cali Realty Corporation, general partner

	 	 	 	 	 
	 	 	 
	 	By:  	                                                        /s/ Mitchell E. Hersh
 	 
	 	 	Name:  	Mitchell E. Hersh 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 

TENANT:

HARRIS INTERACTIVE, INC.

	 	 	 	 	 	 	 	 	 
	By: 	 	/s/ Gregory T. Novak	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Name:	 	Gregory T. Novak	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	(please
print)
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Title:	 	President and CEO	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	(please
print)
	 	 	 	 
	 
	By: 	 	/s/ Ronald E. Salluzzo	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Name:	 	Ronald E. Salluzzo	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	(please
print)
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	Title:	 	Chief Financial Officer	 	 	 	 
	 
	 	 	 	 	 	 	 
	 
	 	 	 	(please
print)
	 	 	 	 

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