Document:

Exhibit

Exhibit 4.2

Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934

As of August 29, 2019, The Hain Celestial Group, Inc., a Delaware corporation (the “Company,” “we,” “us,” or “our”), had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: Common Stock, par value $.01 per share (the “Common Stock”). The following summary includes a brief description of the Common Stock, as well as certain related additional information. The summary is not complete and is qualified in its entirety by reference to the Company’s Amended and Restated Certificate of Incorporation, as amended (“Certificate of Incorporation”) and Amended and Restated By-Laws (“By-Laws”).

Authorized Shares

Pursuant to the Certificate of Incorporation, the total number of shares of stock that the Company has authority to issue is 155,000,000 shares, consisting of 150,000,000 shares of Common Stock and 5,000,000 shares of Preferred Stock, par value $.01 per share (the “Preferred Stock”).

As of August 29, 2019, there are no shares of Preferred Stock outstanding. The Company’s Board of Directors is authorized to issue Preferred Stock with such voting, dividend, liquidation, conversion, or other rights, privileges and limitations as the Board of Directors may from time to time determine, which could affect the relative voting power or other rights of the holders of Common Stock.

Voting Rights

Each share of Common Stock entitles the holder to one vote on each matter voted on by stockholders. Under Article II, Section 8 of the Company’s By-Laws, unless otherwise required by statute, the Certificate Incorporation or the By-Laws, any corporate action to be taken by vote of the stockholders shall be authorized by a majority of the votes cast by the holders of shares present in person or represented by proxy and entitled to vote on such action at a meeting of stockholders at which a quorum is present. With respect to the election of directors, at each meeting of stockholders for the election of directors at which a quorum is present, the persons receiving a majority of the votes cast at such election shall be elected, provided, however, that at any meeting of stockholders for which the Secretary of the Company determines that the number of nominees for director exceeds the number of directors to be elected, directors shall be elected by a plurality of the votes of the shares represented in person or represented by proxy at such meeting and entitled to vote on the election of directors.  There is no cumulative voting. 

Dividend Rights

Subject to any rights of holders of any Preferred Stock that may be issued in the future, holders of Common Stock have the right to receive dividends when, as and if declared by the Company’s Board of Directors out of funds legally available for that purpose.

Liquidation Rights

Subject to any preferential rights of holders of any Preferred Stock that may be issued in the future, holders of Common Stock will share ratably in all assets legally available for distribution to our stockholders in the event of liquidation or dissolution of the Company.

Other Rights

Our Common Stock has no conversion rights, sinking fund provisions, redemption provisions or preemptive rights.

Nasdaq Listing

Our Common Stock is listed on the Nasdaq Global Select Market under the ticker symbol “HAIN.”

Potential Anti-takeover Effects of the Preferred Stock

The Company’s Board of Directors is authorized to issue Preferred Stock with voting, dividend, liquidation, conversion, or other rights that may have an effect of delaying, deferring or preventing a change in control of the Company. See Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2019, to which this Exhibit 4.2 is attached, under the heading “Our ability to issue preferred stock may deter takeover attempts.”Exhibit

Exhibit 10.9

The Hain Celestial Group, Inc. 
Worldwide Headquarters
1111 Marcus Avenue l Lake Success, NY 11042-1034 l phone: +1 (516) 587-5000 l fax: +1 (516) 587-0208   l www.hain.com
_____________________________________________________________________________________________________________

May 2, 2019

Personal & Confidential

Mr. Kevin McGahren

Dear Kevin:

Subject to the approval of the Board of Directors, we are pleased to offer employment to you as Executive Vice President and Chief Marketing Officer of The Hain Celestial Group, Inc. (“Hain Celestial” or the “Company”).  Your employment will commence on or about May 20th, 2019 (the “Start Date”), and you will report directly to Mark Schiller, President and Chief Executive Officer.  Please note that your job responsibilities are subject to change as Hain Celestial’s business needs may require.

1.Your annual base salary will be $450,000 (less required withholdings and elected deductions), and will be paid in accordance with the Company’s payroll practices.   

2.You will be eligible to earn an annual incentive award (the “Annual Incentive Award”) under the terms and conditions of an annual incentive plan to be adopted by the Compensation Committee of the Board of Directors.  Your target Annual Incentive Award for fiscal year 2020 shall be equal to 85% of your annual base salary.  The amount actually payable to you under the Annual Incentive Award will be determined by the Compensation Committee in its discretion under the terms of the annual incentive plan, and you must be actively employed by the Company at the time of payment. 

3.Subject to approval of the Compensation Committee, you will receive an upfront grant of performance-vesting units (PSUs”) for the balance of fiscal year 2019 and fiscal years 2020 – 2021 based on a $1,700,000 target value at (the number of PSUs will be determined by dividing $1,700,000 by the closing stock price on the business day prior to the Start Date). The PSUs will be subject to the terms and conditions set forth in the Performance Units Agreement, and will vest pursuant to the achievement of pre-established stock price goals at the end of the performance period (ending on November 6, 2021, unless as otherwise specified in the Performance Units Agreement) and your continued employment until the end of the performance period.
Beginning in fiscal year 2022, you will be eligible to participate in the Company’s long-term incentive program, subject to the terms and conditions of such program and at the level as determined by the Compensation Committee. 

If Hain Celestial terminates your employment without cause, as determined by the Compensation Committee in good faith, you will be entitled to receive a severance payment of one (1) times your annual base salary in effect at the time of termination and one (1) times your target annual bonus for the year in which the 

1

termination date occurs, payable (less applicable withholdings) in 12 equal monthly installments following your termination of employment.  Your entitlement to the severance payment will be subject to the execution of a separation agreement and release of claims in a form satisfactory to the Company, including an acknowledgment of the continued effectiveness of your post-employment restrictive covenants and other obligations to the Company. 

1.It is expected that the Compensation Committee will designate you to participate in the Company’s “Change in Control Agreement,” in accordance with and subject to the terms and conditions of such agreement.  The Change in Control Agreement will generally provide a severance benefit equal to (2) times your annual base salary and annual target bonus if your employment is terminated under certain circumstances in connection with a Change in Control (as defined in the agreement). Please note however that the current form of the Company’s Change in Control Agreement is currently under review by the Compensation Committee and may be subject to amendment before being offered to you.

2.Our group health insurance benefit plan provides for participation by new employees on the first calendar day of the month following completion of 30 days of employment.  Additionally, on the first calendar day of the month following completion of 30 days of employment, you will be eligible to participate in the Hain Celestial 401(k) Retirement Plan.

3.You will be entitled to up to four (4) weeks of annual paid vacation and other personal leave in accordance with Company policy, which shall be subject in all respects to the terms and conditions of the Company’s paid time off policies, as may be in effect from time to time.  

4.This offer is contingent upon your completion of a pre-hire screening, which will require that you execute documents required by Han Celestial for a background investigation concerning your criminal, employment, education and credit history. You will also be required to enter into a Restrictive Covenant Agreement (which includes requirements relating to non-competition, non-solicitation and confidentiality) within thirty (30) days of the Start Date.  

5.You have advised us that you are not a party to or restricted by an agreement with a previous employer that would interfere with or impair in any way your ability to perform the duties of your position with Hain Celestial as described in this letter.  It is a condition of your employment with Hain Celestial that you refrain from using or disclosing any proprietary information or trade secrets of any previous employer in the course of your employment with Hain Celestial.  If any previous employer asserts a claim that your employment with Hain Celestial violates any contractual obligations owed by you, or that you have otherwise committed a breach of any contractual or other duty to a previous employer, Hain Celestial may immediately terminate your employment, and such termination will be treated as a termination for cause.    In the event of such a claim, Hain Celestial is not obligated to indemnify you for any damages or to provide a defense against such claims.

6.This letter does not constitute a contract of employment or a guarantee that your employment will continue for any period of time or any specific treatment.  Your employment with us is “at-will”, and is therefore terminable by either Hain Celestial or you without cause, notice or liability.  Your continued employment is subject to, among other things, your satisfactory completion of your job responsibilities and your compliance with Hain Celestial’s policy requirements. 

7.This letter and the Company’s obligations hereunder are intended to comply with or otherwise be exempt from Section 409A and its corresponding regulations, to the extent applicable, and shall be so construed. 

8.This letter supersedes all prior or contemporaneous agreements, understandings, negotiations or representations, whether oral or written, express or implied, on this subject. This letter may not be modified or amended except by a specific, written arrangement signed by you and Hain Celestial's Chief Executive Officer.  The terms of this letter shall be governed by New York law.  

2

Please acknowledge your acceptance of these terms by your signature below.  Afterwards, kindly return one copy to me and keep one copy for your records.

Sincerely,

/s/ Robert Gulliver

Robert Gulliver
Chief Human Resources Officer

Accepted:    /s/ Kevin McGahren

May 2, 2019

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00299-of-00352.parquet"}]]