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Exhibit 10.30  

 
 

UNOVA, INC.
  BOARD OF DIRECTORS' PROPOSED RESOLUTIONS
  AMENDMENT OF RESTRICTED STOCK AGREEMENTS    
  

        WHEREAS, Section 11(d) of the UNOVA, Inc. 1999 Stock Incentive Plan and the UNOVA, Inc. 2001
Stock Incentive Plan, previously adopted by the Board of Directors of this corporation and approved by the Corporation's shareholders (the "Plans"), copies of which are attached hereto and
incorporated herein by reference, provides for the settlement of a grantee's tax withholding obligations arising in connection with the vesting of restricted stock awarded to such grantee (the
"Withholding Taxes") with shares of the Corporation's common stock, including the common stock that is part of the award that gives rise to the withholding requirement (the "Tax Withholding Right"); 

        WHEREAS, to date restricted stock awards have been made to certain officers and employees of this corporation on August 2, 1999,
July 11, 2001, and, pursuant to an option exchange program under which the Corporation offered to exchange outstanding stock options granted during a certain prescribed period for shares of
restricted stock, October 8, 2001 (the "Restricted Stock Awards"); 

        WHEREAS, the Corporation is prohibited from making loans to designated Executive Officers of the Corporation (the "Executive Officers");
and 

        WHEREAS, this Board deems it appropriate and advisable at this time to amend all outstanding restricted stock agreements that were issued
to Executive Officers evidencing the Restricted Stock Awards (the "Restricted Stock Agreements") (i) to enable the Executive Officer to elect in advance the method of satisfying the Withholding
Taxes, (ii) to incorporate in the Restricted Stock Agreements the Tax Withholding Right provided by the Plans, and (iii) to eliminate the right of the Executive Officer to pay the
Withholding Taxes by directing the Company to withhold funds from the Executive Officer's paycheck; 

        NOW, THEREFORE, BE IT RESOLVED, that all Restricted Stock Agreements issued to the Executive Officers, including exhibits or attachments
thereto and any other instruments governing the terms and conditions of the Restricted Stock Awards, be and are hereby amended by the form of the Amendment presented to and approved by this Board and
attached to these resolutions as Exhibit "A" (the "Amendment") (i) to enable the Executive Officer to elect in advance the method of satisfying the Withholding Taxes, (ii) to permit the
exercise by the Executive Officers of the Tax Withholding Right; provided that not more than the legally required minimum withholding is settled with shares of the Corporation's common stock, and
(iii) to eliminate the right of the Executive Officer to pay the Withholding Taxes by directing the Company to withhold funds from the Executive Officer's paycheck, such Amendment upon full
execution to be attached to the respective Restricted Stock Agreements and incorporated therein as though fully set forth and having the same full force and effect; and 

        BE IT FURTHER RESOLVED, that the Secretary of this corporation be and is hereby instructed, authorized, and empowered to execute each such
Amendment on behalf and in the stead of the Corporation; to file, when fully executed, the Corporation's copies thereof with the records of this corporation; and to take such other actions as may be
deemed necessary and proper in order to carry out the purpose and intent of the foregoing resolution. 

COMMENT  

        The exercise of Tax Withholding Right by an insider grantee in connection with the vesting of restricted stock is deemed a disposition by such grantee of the
withheld shares to the Corporation. The deemed disposition will be exempt from SEC Section 16(b) pursuant to Rule 16b-3(e) if the grant of the Tax Withholding Right is
approved by the Board. This Amendment form would enable the  

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 Executive Officers to elect the Tax Withholding Right in advance of a black-out period or other time when nonpublic material information is known to the Executive Officers, thus avoiding
a Section 16(b) violation.Recent legislation prohibits the Corporation from making loans to Executive Officers, and satisfying Withholding Taxes by withholding funds
from the Executive Officer's paycheck may be deemed to be a loan. It is proposed that the Restricted Stock Agreements between the Corporation and its Executive Officers be amended to include the Tax
Withholding Right provision of the Plans in order for future withholding transactions to qualify for the exempt status afforded by Rule 16b-3(e), to provide for an advance election
regarding Withholding Taxes to avoid Section 16(b) violations, and to eliminate the risk of making a deemed prohibited loan to Executive Officers by withholding funds from the Executive
Officer's paycheck.. 

September 12,
2002 

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   AMENDMENT  

        This Amendment (this "Amendment") to the Restricted Stock Agreement by and
between                        (the  "Grantee") and UNOVA, Inc. (the
"Company"), dated                        (the
"Agreement"), is entered into as of this            day
of                        , 2002. Capitalized terms not defined herein shall have the respective
meanings ascribed thereto in the Restricted Stock Agreement. 

	1.
	In
accordance with the terms and conditions of the 1999 Plan and/or the 2001 Plan, as applicable, and notwithstanding anything to the contrary set forth in paragraph 10 of the
Agreement, Grantee hereby unconditionally and irrevocably elects to satisfy any and all federal, state, local, and foreign taxes of any kind that may be withheld by the Company in connection with
Grantee's Awarded Shares ("Withholding Taxes") by electing one of the following options; provided that in all cases, the Company shall have the right to
receive not less than the minimum amount of the Withholding Taxes that the Company is required by law to withhold (the "Mandatory Withholding Taxes"): 

        (Select one) 

	o
	Paying
to the Company in cash an amount up to the Withholding Taxes but not less than the Mandatory Withholding Taxes.

	o
	Tendering
to the Company the number of unrestricted shares of Company common stock owned by the Grantee for a period of at least six months
prior to the date on which Withholding Taxes are due and having a value equal to the Mandatory Withholding Taxes.

	o
	Authorizing
and directing the Company to deduct from the total number of shares of Company common stock issued and deliverable to Grantee
pursuant to the Agreement the number of shares having a value equal to the Mandatory Withholding Taxes.

	2.
	No
amendment or modification of this Amendment shall be valid or binding upon the parties unless made in writing and signed by each party hereto. 

        IN
WITNESS WHEREOF, each of the parties hereto hereby executes and delivers this Agreement. 

	

 	
 	

 	
 	

 
	 UNOVA, INC.	 	GRANTEE
	

 	
 	

 	
 	

 
	By:	 	 	 	 
	 	 	
 Daniel S. Bishop
 Secretary	 	
(Signature)
	

 	
 	

 	
 	

 
	 	 	 	 	
 (Printed Name)
	

 	
 	

 	
 	

 
	 	 	 	 	
 (Social Security Number)

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Exhibit 4.1    
  

        October
25, 2002 

        Via
OVERNIGHT DELIVERY 

Bank
of America, NA, as Agent

ATTN: Ms. Suzanne Paul, Senior Agency Officer

231 South LaSalle Street

Chicago, Illinois 60697 

	Re:
	Reduction
of Commitments
 Carriage Services, Inc.

Houston, Texas.

$100,000,000 Credit Agreement

Ladies
and Gentlemen, 

Reference
is made to that certain Credit Agreement dated as of June 14, 1999, as amended (the "Agreement"), by and between Carriage Services, Inc., a Delaware corporation, the Lenders named therein,
and Bank of America, N.A. as Administrative Agent. Capitalized terms used herein shall have the meaning ascribed to them in the Agreement. 

Pursuant
to Section 2.05 of the Agreement, Borrower hereby provides notice to the Administrative Agent of its request that the aggregate amount of the Commitments be ratably reduced in the amount of
$25,000,000, effective November 1, 2002. On that date, the aggregate amount of the Commitments will be $75,000,000. 

Please
notify each of the Lenders on our behalf and notify us of the revised Commitment of each Lender after you have completed your calculations. 

Very
truly yours, 

/s/
W. Clark Harlow

Vice President and Treasurer 

	cc:
	Albert
L. Welch, Senior Vice President, BofA-Houston 

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Exhibit 4.1QuickLinks
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Exhibit 10.1    
  

SEPARATION
AGREEMENT AND RELEASE 

        This
Separation Agreement and Release is between THOMAS C. LIVENGOOD, a resident of Harris County, Texas (the "Employee"), and CARRIAGE SERVICES, INC., a Delaware corporation (the
"Company"). 

        The
Employee and the Company agree as follows: 

        1.    The
Employee's full-time employment with the Company and/or one or more of its subsidiaries (the Company, together with its subsidiaries, being hereafter
collectively referred to as "Carriage") will terminate effective as of July 31, 2002 (the "Transition Date") by the voluntary resignation of the Employee. The Employee shall be entitled to
receive all base compensation, benefits and accrued vacation through the Transition Date. 

        2.    Simultaneously
with the parties' execution of this Agreement, the Employee shall tender his resignation, effective as of the Transition Date, as Executive Vice President
and Chief Financial Officer of, together with any and all other positions he may hold with, the Company. He shall also tender his resignation as director and officer of or any other capacity with all
other Carriage entities of which he may serve in any such capacity. 

        3.    Except
as provided below, this Agreement and the exhibits hereto collectively supersede and extinguish the Executive Employment Agreement between the parties dated
November 8, 1999 ("Prior Employment Agreement"), as well as any other employment agreement and/or bonus or incentive compensation plan or arrangement, if any, entered into between the Employee
and Carriage. Subject to the provisions of this Agreement and the Consulting Agreement referred to in Section 4 below, Employee shall cease to be eligible to participate in any of Carriage's
employee benefit plans as of the Transition Date. Without limiting the generality of the foregoing, the Employee shall thereupon cease to be eligible to participate in the Carriage Services 401(k)
Plan, but the Company shall coordinate with the Employee and the plan administrator to permit the Employee to roll-over his benefits in such plan to a new plan or individual retirement
account of the Employee's choice, as provided by applicable law. Section 6 of the Consulting Agreement will supersede Section 6 (Restrictive Covenant) of the Prior Employment Agreement.
Notwithstanding the foregoing, this Agreement does not affect or
supersede Section 5 (Covenant of Secrecy) of the Prior Employment Agreement, which will remain in full force and effect in accordance with its terms. This Agreement has no effect on the terms,
provisions and conditions of any stock options previously issued to the Employee, except that solely for purposes of Employee's stock option agreements, Employee's separation shall be treated as an
involuntary termination for a reason other than cause, with the result that Employee shall have a period of three months, expiring October 31, 2002, within which to exercise any such options. 

        4.    Simultaneously
with the execution and delivery of this Agreement, the Company and the Employee have executed and delivered to one another a Consulting Agreement of even
date herewith, substantially in the form of Exhibit A hereto, which shall become effective as of August 1, 2002, respecting the Employee's continued status with the Company as a
consultant on an independent contractor basis (the "Consulting Agreement"). The parties understand that the Consulting Agreement shall not become binding until this Agreement has become final and
binding on the parties and the Company shall have received the Non-Revocation Statement referred to in Section 5 below, and in the event that the Employee revokes this Agreement
pursuant to Section 16 hereof, the Consulting Agreement shall thereupon become void ab initio as if never entered into. 

        5.    Provided
the Employee does not revoke this Agreement as provided in Section 16 hereof, the Company shall pay the Employee a single-lump sum payment of
$250,000.00, less applicable withholdings (the "Severance Payment"). The parties acknowledge that $50,000 of the Severance Payment represents a payment in lieu of a prorated bonus for 2002. The
Severance Payment shall be paid within two business days following the Company's receipt from the Employee of a properly completed and signed Non-Revocation Statement in the form attached
as Exhibit B hereto (the 

"Non-Revocation Statement"). The parties understand that the Company's obligations to pay the Severance Payment, and the effectiveness of all of the other agreements of the parties
described herein, shall not become effective until the Company's receipt of the properly completed and signed Non-Revocation Statement, and in the event that the Employee revokes this
Agreement pursuant to Section 16 hereof, all such agreements shall thereupon become void ab initio as if never entered into. 

        6.    Except
as set forth in the last sentence of this Section 6, Employee agrees to surrender immediately to the Company, all information, papers, documents, writings,
computers, computer diskettes and all copies thereof, keys, credit cards and other property of Carriage in Employee's possession or control. The information to be returned includes, without
limitation, information about Carriage's business affairs, trade secrets, proprietary or confidential information, business opportunities, marketing plans, finances, business methods, business plans,
accounting records, research, employees, manuals, letters, reports and similar documents. All such information, papers, documents, writings, and other property shall at all times remain the property
of Carriage. The above notwithstanding, upon the Transition Date, the Employee shall be entitled to take with him his Company laptop computer, provided that it does not contain any software programs
proprietary to Carriage or any confidential or proprietary data, passwords or the like stored thereon, as well as his Company-issued cellular phone. 

        7.    (a)        In
consideration for the Severance Payment, and for the further consideration of the other commitments made by the Company herein and in the exhibits
hereto, the Employee hereby discharges
and releases Carriage and Carriage's stockholders, directors, officers, employees, agents, successors and assigns (collectively, "Released Parties") from any claim, demand, and/or cause of action
whatsoever, whether vicarious, derivative, or direct, presently known or unknown, whether sounding in contract, tort or otherwise, under common law or by statute or regulation, that is based upon
facts arising prior to the date hereof with respect to any matter or action related to the Employee's employment with, termination from, and/or affiliation with Carriage, or in connection with any
statements made or actions taken in connection with such employment relationship or its termination, including, but not limited to, any claims under the Age Discrimination in Employment Act of 1967,
the Civil Rights Act of 1964 (Title VII), as amended, the Civil Rights Act of 1991, the Pregnancy Discrimination Act, the Family and Medical Leave Act of 1993, the Fair Labor Standards Act, the
Employee Retirement Security Act of 1974, the Americans With Disabilities Act of 1990, the Fair Labor Standards Act, the Fair Credit Reporting Act, the Worker Adjustment and Retraining Notification
Act of 1988, the Texas Commission on Human Rights Act, the Texas Wage Payment Statute or the Texas Labor Code, all as amended and in effect on the date hereof, and all claims based on the existence of
any contract; breach of any duty or covenant of good faith and fair dealing; slander; defamation; invasion of privacy; detrimental reliance; intentional or negligent infliction of emotional distress;
duress; promissory estoppel; negligent misrepresentation; intentional misrepresentation or fraud; assault; battery; conspiracy; negligent hiring, retention, or supervision; any alleged act of
harassment or intimidation or any other claim arising under employment-related statutes, laws, rules and regulations; provided that the Employee does not release Carriage from its obligations
hereunder or in the exhibits hereto. 

        (b)  In
consideration for the releases and other commitments made by the Employee herein and in the exhibits hereto, the Company, for itself and on behalf of all Carriage
entities, hereby discharges and releases the Employee and his heirs and assigns from any claim, demand, and/or cause of action whatsoever, whether vicarious, derivative, or direct, whether sounding in
contract, tort or otherwise, under common law or by statute or regulation, that is based upon facts arising prior to the date hereof with respect to any matter or action related to the Employee's
employment with, termination from, and/or affiliation with Carriage, or in connection with any statements made or actions taken in connection with such employment relationship or its termination;
provided that the Company does not release the Employee from (i) his obligations hereunder or in the exhibits hereto, or (ii) any matters which are not actually known to the Company's
Chief Executive Officer on the date of this Agreement. 

        8.    This
Agreement is not a suggestion of or an admission of any wrongdoing or liability on the part of any party. The Employee does not waive any rights or claims that may
arise after the date hereof. 

        9.    The
Employee agrees and covenants not to sue or participate in any suit, charge or proceeding of any kind against Carriage or any of the other Released Parties, based
upon any claim, demand, and/or cause of action whatsoever, presently known or unknown, that is based upon facts arising prior to the date hereof with respect to any matter or action related to the
Employee's employment, termination from, and/or affiliation with Carriage, or in connection with any statements made or actions taken in connection with such employment relationship or its
termination. 

        10.  Employee
agrees that he shall engage in no act which is intended, or may be reasonably expected, to harm the reputation, business, prospects, or operations of Carriage
and its officers, directors, stockholders or employees, including but not limited to the Company's reputation and relationship with its lenders, investors, analysts and shareholders. Employee will not
reveal to any to any third party any difference of opinion that may exist at any time between Employee and any member of Carriage's management. 

        11.  In
further consideration for the Severance Payment, Employee agrees to indemnify and hold harmless Carriage from and against any and all loss, cost, damage, or expense,
including, without limitation, attorneys' fees incurred by Carriage or other Released Parties arising out of any breach by Employee of this Agreement. The Company agrees to indemnify and hold harmless
Employee from and against any and all loss, cost, damage, or expense, including, without limitation, attorneys' fees incurred by Employee arising out of any breach by the Company of this Agreement. 

        12.  This
Agreement contains the entire agreement between the Employee and the Company and cannot be changed, modified, or amended without a written agreement signed by the
Employee and the Company. 

        13.  This
Agreement is made and shall be enforced pursuant to the laws of the State of Texas. 

        14.  Should
any part of this Agreement be found to be void, that determination will not affect the remainder of the Agreement. 

        15.  The
offer made by the Company herein will expire at 12:01 a.m. on the forty-fifth day following the date of the offer made herein. The Employee may accept this
offer at any time prior to the expiration by signing this Agreement. 

        16.  This
Agreement has been entered into voluntarily and not as a result of coercion, duress, or undue influence, economic or otherwise. The Employee acknowledges that he
has read and fully understands the terms of this Agreement, has been advised to consult with an attorney before executing this Agreement, and the Severance Payment and other consideration and
commitments paid or made by the Company hereunder are collectively in excess of that to which the Employee might otherwise be entitled to receive from the Company. The Employee represents that he has
been given up to forty-five (45) days to consider the terms of the separation as described herein. Following the date of this Agreement, the Employee shall have a period of seven
(7) days to revoke this Agreement by delivering to the Company, at its address shown opposite its signature below, a written notice revoking this Agreement and specifically referring to the
right to do so under this Section 16. If the Employee desires not to so revoke, the Employee will deliver the Non-Revocation Notice after expiration of such seven-day
period. Failure to deliver any notice within such seven-day period shall constitute a lapse of the Employee's right to revoke, but the Company's obligation to pay the Severance Payment
shall nonetheless remain subject to receipt from the Employee of the signed Non-Revocation Statement. If the Employee revokes this Agreement as aforesaid, the Employee shall forfeit all
rights hereunder,
including any right to receive the Severance Payment. In addition, in the event of such revocation (i) the Consulting Agreement shall be rendered void ab
initio as if never entered into, and (ii) the provisions of the Prior Employment Agreement (including but not limited to Section 6—Restrictive
Covenant) shall thereupon be automatically reinstated. 

	

Address:

8002 Hertfordshire Circle

Spring, Texas 77379	
 	

/s/  THOMAS C. LIVENGOOD      
 THOMAS C. LIVENGOOD
	

 	
 	

7/18/02
 Date
	

1900 St. James Place—4th Floor

Houston, Texas 77056	
 	

CARRIAGE SERVICES, INC.
	

 	
 	

By:	

/s/  MELVIN C. PAYNE      
 Melvin C. Payne, Chief Executive Officer
	

 	
 	

7/18/02
 Date

EXHIBIT
B 

 
 

NON-REVOCATION STATEMENT    
  

        I, THOMAS C. LIVENGOOD, acknowledge that at least seven (7) days has expired since the execution of the Separation Agreement and Release between me and
Carriage Services, Inc., a Delaware corporation, on the 26th day of July, 2002, and I knowingly and voluntarily elect not to revoke this Separation Agreement and Release. 

        EXECUTED
this 26th day of July, 2002. 

	

 	
 	

/s/  THOMAS C. LIVENGOOD      
 THOMAS C. LIVENGOOD

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Exhibit 10.1

NON-REVOCATION STATEMENT

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