Document:

Exhibit 4.2

 

	
Number P-
    	
Incorporated Under the Laws of the State of Delaware
    	
Shares -0-
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Cusip No.
    

 

GCI LIBERTY, INC.

 

Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share

 

Specimen Certificate

 

This Certifies that [          ]  is the owner of [          ] FULLY PAID AND NON-ASSESSABLE SHARES OF SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK, PAR VALUE $0.01 PER SHARE, OF GCI LIBERTY, INC. (hereinafter called the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of the Certificate properly endorsed. This Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

 

THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL, OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS.

 

Witness, the seal of the Corporation and the signatures of its duly authorized officers.

 

Dated:

 

	
GCI Liberty, Inc.
    
	
 
    
	
[Corporate Seal]
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Chief Executive Officer
    	
Secretary
    
	
and Presidentknlex10120180331

                                                                       Exhibit 10.1                              Amendment No. 1 to the Knoll, Inc.                     Amended and Restated 2013 Stock Incentive Plan   Pursuant to the provisions of Section 21 of the Knoll, Inc. Amended and Restated 2013 Stock  Incentive Plan (the “Plan”), the Plan shall be amended as follows effective as of the date set forth  below:  Effective January 1, 2018, Section 4(b) is deleted in its entirety and replaced with the following:          “b.   Awards shall be subject to forfeiture as determined by the Committee and set     forth in the applicable Award agreement, provided however, that:               (1)   No more than one-third of any Stock Award or Stock Unit granted to an                    employee or consultant shall become vested in any single annual period,                    except, as determined by the Committee, in the case of the participant’s                    death, disability or retirement or a Change in Control (as defined in                    Section 13b), provided that this restriction shall not apply to (A) a                    Performance Award (as defined in Section 10) or (B) an Award that is                     granted in lieu of cash compensation foregone at the election of an                    employee or consultant of the Company;                (2)   No more than one-half of any Stock Award or Stock Unit granted to a                    non-employee director shall become vested in any single annual period,                    except, as determined by the Committee, in the case of the participant’s                    death, disability or retirement or a Change in Control (as defined in                    Section 13b), provided that this restriction shall not apply to (A) a                    Performance Award (as defined in Section 10) or (B) an Award that is                     granted in lieu of cash compensation foregone at the election of a non-                   employee director of the Company; and               (3)   A Stock Award or Stock Unit that is a Performance Award shall become                     vested no sooner than the first anniversary of the date of grant of such                     Award except, as determined by the Committee, in the case of the                     participant’s death, disability or retirement or a Change in Control.”       This Amendment was adopted by the Board of Directors of Knoll, Inc. on February 6, 2018.knlex10220180331

                                                                      Exhibit 10.2                              AMENDED AND RESTATED                                  KNOLL, INC.                           NON-EMPLOYEE DIRECTOR                             COMPENSATION PLAN                               (Effective May 8, 2018)     1.    Purpose.  This Amended and Restated Non-Employee Director Compensation Plan (the  “Plan”) is intended to promote the interests of Knoll, Inc. (the “Company”) by providing an  inducement in the form of fees to certain qualified persons who are not employees of the  Company (“Non-Employee Directors”) to serve as members of the Company’s Board of  Directors (the “Board”).  In addition, the Plan also seeks to align the interests of these Non- Employee Directors with the interests of the Company’s stockholders by allowing all or a portion  of these fees to be paid in shares of common stock of the Company, par value $0.01 per share  (the “Common Stock”) and providing for an annual grant of Common Stock subject to certain  restrictions (“Restricted Shares”).   2.    Effective Date.  The Plan shall be effective as of May 8, 2018 (the “Effective Date”).   3.    Administration.  The Plan shall be administered by the Board.  The Board shall, subject  to the provisions of the Plan, have the power to construe the Plan, to determine all questions  hereunder, and to adopt and amend such rules and regulations for the administration of the Plan  as it may deem desirable.  All decisions, determinations and interpretations of the Board shall be  final and binding.   4.    Eligibility.  Only Non-Employee Directors are eligible to participate in the Plan.   5.    Fees Payable to Non-Employee Directors.  The following provisions shall govern the  payment to Non-Employee Directors of (i) annual fees, (including fees payable to the Audit  Committee Chairman or the Lead Director) (“Annual Fees”) and (ii) reimbursement of  reasonable out-of-pocket expenses incurred by the Non-Employee Directors in connection with  the performance of their duties as directors (“Expenses”).         (a)  Annual Fees.  Each person who is a Non-Employee Director shall be entitled to  receive without further action by the Board an Annual Fee equal to $50,000 per calendar year (an  “Annual Retainer”), as provided below.  In addition, the chairman of the Audit Committee of the  Board (the “Audit Committee Chairman”) and the lead independent director (the “Lead  Director”) shall each be entitled to receive a supplemental Annual Fee equal to $15,000 per  calendar year served in such capacity (the “Audit Chairman Fee” and the “Lead Director Fee”,  respectively), as provided below.  The Annual Retainer shall be paid in equal installments of  $12,500 in arrears on the last business day of each calendar quarter (each a “Quarterly Payment  Date”).  In addition, the Audit Chairman Fee and the Lead Director Fee shall each be paid in  equal installments of $3,750 in arrears on each Quarterly Payment Date.               (i)   Payment of Annual Fees for Partial Quarters.    In the event a Non- Employee Director serves on the Board for less than the entire quarter, the quarterly portion of                                             

 

 the Annual Retainer payable for such quarter shall be prorated based on the number of days in   such quarter for which such Non-Employee Director served on the Board.    In the event a Non-  Employee Director serves as the Audit Committee Chairman or the Lead Director for less than  the entire quarter, the quarterly portion of the Audit Chairman Fee or the Lead Director Fee, as  the case may be, payable for such quarter shall be prorated based on the number of days in such  quarter for which such Non-Employee Director served as the Audit Committee Chairman or the  Lead Director.           (b)    Expense Reimbursements.  Each person who is a Non-Employee Director shall   also be entitled to receive reimbursement of Expenses.  Expense reimbursements shall be   payable in arrears on each Quarterly Payment Date for the Expenses incurred prior to such date.    Reimbursement for Expenses shall be subject to each Non-Employee Director’s submission of a   request for reimbursement and all appropriate receipts and/or other documentation required by   the Board at least five business days prior to the Quarterly Payment Date for which payment is  sought.  Unless otherwise determined by the Board, reimbursement requests submitted late with   respect to any Quarterly Payment Date shall be payable on the next Quarterly Payment Date.            (c)   Method of Payment.  Except as elected pursuant to Section 5(d) below, Annual   Fees shall be payable in cash.  Reimbursement of Expenses shall be payable in cash.          (d)   Election to Receive Shares of Common Stock in Lieu of Cash.  Non-Employee   Directors may elect to receive shares of Common Stock in lieu of all or a portion of the cash   payments for Annual Fees (a “Stock Election”).  Any such election must be made by delivery of   a Stock Election Form, a form of which is attached hereto as Exhibit A, to the Company (attn:   Chief Financial Officer) during a window period under the Company’s Insider Trading Policy   and prior to the applicable Quarterly Payment Date with respect to which the election is to take   effect.  The number of shares of Common Stock issuable pursuant to a Stock Election shall be   equal to the value of the cash elected to be foregone in lieu of Common Stock divided by the Fair   Market Value (as defined below) of the Common Stock on each respective Quarterly Payment   Date.  Shares of Common Stock issued in lieu of Annual Fees shall be fully vested and   unrestricted shares of Common Stock issued pursuant to any stockholder-approved equity plan   maintained by the Company, as determined by the Company’s Chief Executive Officer or any of   the Company’s other executive officers.  For purposes of the Plan, “Fair Market Value” means,   as of any date when the Common Stock is listed on one or more national securities exchanges,   the closing price of one share reported on the principal national securities exchange on which   such Common Stock is listed and traded on the date of determination.  If the Common Stock is   not listed on an exchange, or representative quotes are not otherwise available, the Fair Market   Value shall mean the amount determined by the Board in good faith to be the fair market value   per share of Common Stock.    6.    Grant of Restricted Stock.          (a)   Annual Grant.  Each calendar year, on the third trading day after the Company’s   annual meeting of stockholders, each Non-Employee Director shall automatically be granted,   without any further action by the Board, a number of Restricted Shares equal to $90,000 divided   by the Fair Market Value of one share of the Common Stock on the date of such grant, rounded   to the nearest full share (the “Annual Director Stock Grant”).  The Restricted Shares shall be                                          2  

 

granted pursuant to any stockholder-approved equity plan maintained by the Company, as  determined by the Company’s Chief Executive Officer or any of the Company’s other executive  officers.         (b)  Partial Grants.  Each Non-Employee Director who first is elected to the Board other  than at an annual meeting of the stockholders shall be granted, without any further action by the  Board, a number of Restricted Shares equal to the product of:  (x) the Annual Director Stock  Grant divided by the Fair Market Value of one share of the common stock on the date of grant  (determined below), multiplied by (y) a pro-rata fraction equal to the number of complete  months until the Company’s next annual meeting of stockholders, divided by 12; rounded to the  nearest full share (a “Partial Grant”).  The Restricted Shares shall be granted pursuant to any  stockholder approved equity plan maintained by the Company, as determined by the Company’s  Chief Executive Officer or any of the Company’s other executive officers and the Grant Date  will be three (3) trading days after the next public release of financials.                Except as specifically set forth herein, the equity grants shall be subject to and  governed by the terms of the relevant Stock Incentive Plan; provided, however, that any  determinations with respect to such Restricted Shares shall be made by the Board.  Except as  provided in the Restricted Share Agreement evidencing each equity grant or as otherwise  provided in the relevant equity plan, the Restricted Shares subject to each equity grant shall  become unrestricted and vest at the rate of 50% of the shares granted (rounded down to the  nearest full share) on the first anniversary of the date of grant, and the remaining shares granted  on the second anniversary of the date of grant; provided, however, that vesting of the Restricted  Shares shall occur only to the extent that the Non-Employee Director recipient remains a  member of the Board on the respective vesting date.  Each equity grant shall be made pursuant to  an agreement substantially similar to, and shall be subject to such other terms and conditions as  set forth in, the Restricted Share Agreement for the applicable Stock Incentive Plan from which  the equity grant is made.   7.    Prohibition of Transfer and Assignment.  The right of a Non-Employee Director to the  payment of all or a portion of the fees payable or to receive the Common Stock or Restricted  Shares granted under this Plan may not be assigned, transferred, pledged or encumbered, other  than by will or the laws of descent and distribution and any attempted assignment or transfer  shall be null and void.   8.    Governing Law.  The Plan shall be construed and interpreted in accordance with the  internal laws of the State of Delaware, without reference to the principles of conflicts of law  thereof.   9.    Termination and Amendment of Plan.  The Board may at any time terminate the Plan or  make such modification or amendment thereof as it deems advisable.                                         3  

 

                                                                                                                                                     EXHIBIT A                                    KNOLL, INC.                NON-EMPLOYEE DIRECTOR COMPENSATION PLAN                             STOCK ELECTION FORM               Pursuant to the terms of the Knoll, Inc. Non-Employee Director Compensation  Plan (the “Plan”), I hereby elect to receive shares of Common Stock in lieu of Annual Fees as  follows.  Capitalized terms shall have the meaning set forth in the Plan.   Stock Election in Lieu of Annual Fees    I hereby elect to forego $_______ on a quarterly basis or ___% of the Annual Fees due to me on   each Quarterly Payment Date and instead receive shares of Common Stock rounded to the   nearest full share having an equivalent value.    I UNDERSTAND THAT THIS ELECTION SHALL REMAIN IN EFFECT FOR EACH   QUARTERLY PAYMENT DATE UNTIL A SUBSEQUENT ELECTION IS FILED   WITH THE COMPANY NULLIFYING OR MODIFYING THIS ELECTION.    I UNDERSTAND THAT THE SHARES OF COMMON STOCK ISSUED TO ME IN   LIEU OF CASH FOR MY ANNUAL FEES WILL BE UNRESTRICTED FOR U.S.   FEDERAL TAX PURPOSES AND AS SUCH WILL CONSTITUTE INCOME TO ME IN   THE YEAR OF GRANT.              Non-Employee Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00283-of-00352.parquet"}]]