Document:

EX-10.2 AMENDED FOUNDERS PERFORMANCE AWARDS PLAN

 

Exhibit 10.2

NOVELIS INC.

AMENDMENT NUMBER ONE TO THE

NOVELIS FOUNDERS PERFORMANCE AWARDS PLAN

(Amended and Restated March 14, 2006)

          Novelis Inc. (“Novelis”) by action of its Board of Directors hereby amends the Novelis
Founders Performance Awards Plan (the “Plan”) effective as of February 10, 2007, as
follows:

          1. The second tranche of PSUs described in Section 4 of the Plan shall be awarded on February
28, 2007 without regard to the share price on such date, and the third tranche of PSUs described in
Section 4 of the Plan shall be awarded on March 26, 2007 without regard to the share price on such
date.

          2. Subject to the consummation of the transactions (the “Transactions”) contemplated
by the Arrangement Agreement by and among Hindalco Industries Limited, AV Aluminum Inc. and Novelis
dated as of February 10, 2007 (the “Arrangement Agreement”; capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to such terms in the
Arrangement Agreement) and the Plan of Arrangement, the outstanding PSUs awarded pursuant to
Section 1 of this Amendment Number One to the Plan for each Participant (as defined in the Plan)
who remains employed by Novelis as of the Effective Time or whose employment terminated as a result
of his or her retirement, death or disability (all within the meaning of Section 7 of the Plan)
shall be cancelled as of the Effective Time in exchange for a cash payment in the amount of the
Purchase Price per PSU, less applicable withholdings, all in accordance with the Plan of
Arrangement. If a Participant’s employment terminates for reasons other than retirement, death or
disability (within the meaning of Section 7 of the Plan) prior to the Effective Time, all PSUs
awarded to such Participant under Section 1 of this Amendment Number One to the Plan shall be
forfeited.

          3. (a) In the event the Transactions are not consummated before the date that is six months
from the date the second tranche of PSUs were awarded pursuant to Section 1 of this Amendment
Number One to the Plan, the second tranche of PSUs will be paid on the date that is six months from
the date such PSUs were awarded. In such case, the price of the PSUs will be the average of the
daily closing prices on the last five (5) trading days prior to the payment date.

                (b) In the event the Transactions are not consummated before March 28, 2008, the third
tranche
of PSUs awarded pursuant to Section 1 of this Amendment Number One to the Plan will be paid on
March 28, 2008. In such case, the price of the PSUs will be the average of the daily closing
prices on the last five (5) trading days prior to the payment date.

 

 

          4. Except as amended by this Amendment Number One to the Plan, the Plan shall remain in full
force and effect.

	 	 	 	 	 
	 	 	NOVELIS INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 

	 	Date:Ex-10.1

 

Exhibit 10.1

FOURTH AMENDMENT TO PERFORMANCE FOOD GROUP COMPANY

1993 EMPLOYEE STOCK INCENTIVE PLAN

     WHEREAS, the Board of Directors and shareholders of Performance Food Group Company, a
Tennessee corporation (the “Company”), have previously adopted the Performance Food Group Company
1993 Employee Stock Incentive Plan (the “Plan”); and

     WHEREAS, the Plan has previously been amended three times; and

     WHEREAS, pursuant to Section 12 of the Plan, the Company’s Board of Directors has retained the
right to amend the Plan; and

     WHEREAS, the Company’s Board of Directors now desires to amend the Plan;

     NOW, THEREFORE, IN CONSIDERATION of the premises and by resolution of the Company’s Board of
Directors, the Plan is hereby amended as follows:

     1. The third paragraph of Section 3 of the Plan is deleted in its entirety and replaced with
the following:

“ In the event of any merger, reorganization, consolidation, recapitalization, extraordinary
and non-recurring cash dividend, Stock dividend, Stock split or other change in corporate
structure affecting the Stock, an equitable and proportionate substitution or adjustment
shall be made in the aggregate number of shares reserved for issuance under the Plan, in the
number and option price of shares subject to outstanding Options granted under the Plan, in
the number and purchase price of shares subject to outstanding Stock Purchase Rights under
the Plan, and in the number of shares subject to other outstanding awards granted under the
Plan, provided that the number of shares subject to any award shall always be a whole
number. Such adjusted option price shall also be used to determine the amount payable by the
Corporation upon the exercise of any Stock Appreciation Right associated with any Stock
Option.”

     2. Except as expressly stated herein, all other portions of the Plan remain in full force
and effect.

     3. This Fourth Amendment to the Performance Food Group Company 1993 Employee Stock
Incentive Plan is effective this 22nd day of February, 2007.

	 	 	 	 	 	 	 
	 	 	PERFORMANCE FOOD GROUP COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:Ex-10.2

 

Exhibit 10.2

AMENDMENT NO. 1 TO PERFORMANCE FOOD GROUP COMPANY

2003 EQUITY INCENTIVE PLAN

     WHEREAS, the Board of Directors and shareholders of Performance Food Group Company, a
Tennessee corporation (the “Company”), have previously adopted the Performance Food Group Company
2003 Equity Incentive Plan (the “Plan”); and

     WHEREAS, pursuant to Section 14.1 of the Plan, the Company’s Board of Directors has retained
the right to amend the Plan; and

     WHEREAS, the Company’s Board of Directors now desires to amend the Plan;

     NOW, THEREFORE, IN CONSIDERATION of the premises and by resolution of the Company’s Board of
Directors, the Plan is hereby amended as follows:

     1. Section 4.2 of the Plan is deleted in its entirety and replaced with the following:

“4.2 Adjustments. In the event that any unusual or non-recurring transactions,
including an unusual or non-recurring dividend or other distribution (whether in the form of
an extraordinary cash dividend, dividend of Shares, other securities or other property),
recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the
Company, issuance of warrants or other rights to purchase Shares or other securities of the
Company, or other similar corporate transaction or event affects the Shares, then the
Committee shall in an equitable and proportionate manner (and, as applicable, in such
equitable and proportionate manner as is consistent with Sections 422 and 409A of the Code
and the regulations thereunder and with Section 162(m) of the Code) either: (i) adjust any
or all of (1) the aggregate number of Shares or other securities of the Company (or number
and kind of other securities or property) with respect to which Awards may be granted under
the Plan; (2) the number of Shares or other securities of the Company (or number and kind of
other securities or property) subject to outstanding Awards under the Plan, provided that
the number of Shares subject to any Award shall always be a whole number; (3) the grant or
exercise price with respect to any Award under the Plan; and (4) the limits on the number of
Shares that may be granted to Participants under the Plan in any calendar year; (ii) provide
for an equivalent award in respect of securities of the surviving entity of any merger,
consolidation or other transaction or event having a similar effect; or (iii) make provision
for a cash payment to the holder of an outstanding Award.”

     2. Section 14.3 of the Plan is deleted in its entirety and replaced with the following:

“14.3 Adjustments of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
Events. The Committee is hereby authorized to make equitable and proportionate
adjustments in the terms and conditions of, and the criteria included in, Awards in
recognition of unusual or nonrecurring events (and shall make such adjustments for events
described in Section 4.2 hereof) affecting the Company, any Subsidiary or Affiliate,
or the financial statements of the Company or any Subsidiary or Affiliate, or of changes in
applicable laws, regulations or accounting principles.”

     3. Except as expressly stated herein, all other portions of the Plan remain in full force
and effect.

     4. This Amendment No. 1 to the Performance Food Group Company 2003 Equity Incentive Plan
is effective this 22nd day of February, 2007.

	 	 	 	 	 	 	 
	 	 	PERFORMANCE FOOD GROUP COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:exv10w3

 

Exhibit 10.3

THIRD AMENDMENT TO PERFORMANCE FOOD GROUP COMPANY

1993 OUTSIDE DIRECTORS’ STOCK OPTION PLAN

     WHEREAS, the Board of Directors and shareholders of Performance Food Group Company, a
Tennessee corporation (the “Company”), have previously adopted the Performance Food Group Company
1993 Outside Directors’ Stock Option Plan (the “Plan”); and

     WHEREAS, the Plan has previously been amended; and

     WHEREAS, pursuant to Section 14 of the Plan, the Company’s Board of Directors has retained the
right to amend the Plan; and

     WHEREAS, the Company’s Board of Directors now desires to amend the Plan;

     NOW, THEREFORE, IN CONSIDERATION of the premises and by resolution of the Company’s Board of
Directors, the Plan is hereby amended as follows:

     1. Section 9 of the Plan is deleted in its entirety and replaced with the following:

“9. Capital Adjustments and Corporate Reorganizations. In the event of any change in
the outstanding shares of Stock by reason of a Stock dividend, split or combination, a
recapitalization or reclassification, or a reorganization, merger or consolidation in which
the Company is the surviving corporation or other similar change affecting the Stock, the
number and class of shares then subject to Options and for which Options may thereafter be
granted and the amounts per share of Stock payable upon exercise or surrender of such
Options shall be equitably and proportionately adjusted by the Committee to reflect such
change. No fractional shares shall be issued as a result of such adjustment. In the event
of a dissolution of the Company or a reorganization, merger or consolidation in which the
Company is not the surviving corporation, the Company by action of its Board of Directors
shall either (i) terminate outstanding and unexercised Options as of the effective date of
such dissolution, merger or consolidation by giving notice to each Optionee of its intention
to do so and permitting the exercise, during a period prior to such effective date to be
specified by the Committee, of all outstanding and unexercised Options or portions thereof;
provided, however, that no Options shall become exercisable hereunder after the expiration
date thereof, or (ii) in the case of such reorganization, merger or consolidation, arrange
for an equitably and proportionately substitution of shares or other securities of the
corporation with which the Company is reorganized, merged or consolidated in lieu of the shares
of Stock which are subject to such outstanding and unexercised Options.

     2. Except as expressly stated herein, all other portions of the Plan remain in full force and
effect.

     3. This Third Amendment to the Performance Food Group Company 1993 Outside Directors’
Stock Option Plan is effective this 22nd day of February, 2007.

	 	 	 	 	 	 	 
	 	 	PERFORMANCE FOOD GROUP COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:

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