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Exhibit 4.16
DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO  SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
The following description of the common stock of California Water Service Group (the “Group,” “us,” “our” or ”we”) does not purport to be complete and is subject to, and qualified in its entirety by, our certificate of incorporation, as amended (“certificate”), and our amended and restated bylaws (“bylaws”), each of which is incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this exhibit is a part.
General
Our authorized capital stock consists of 68,000,000 shares of common stock, $0.01 par value, and 241,000 shares of preferred stock, $0.01 par value per share. We have one class of securities registered under Section 12 of the Securities Exchange Act of 1934, our common stock, which is listed on the New York Stock Exchange under the symbol “CWT.” There are no shares of preferred stock outstanding.
Common Stock
Voting rights. The holders of our common stock are entitled to one vote per share on all matters submitted to a vote of stockholders. A majority of the votes cast is required for stockholders to elect directors (except that directors are elected by a plurality of the votes cast in a contested director election). All other matters put to a stockholder vote generally require the approval of a majority of the votes entitled to be cast by the shares represented at a meeting of the stockholders, except as otherwise provided by our certificate or bylaws or required by law. Stockholders do not have cumulative voting rights. 
Dividends. The holders of our common stock have the right to receive any dividends we declare and pay on our common stock, subject to the rights, privileges, preferences, restrictions and conditions attaching to any other class or series of our securities.  After all cumulative dividends are declared and paid or set apart on any series of our preferred stock which may be outstanding, the board may declare any additional dividends on our common stock out of our surplus (the excess, if any, of our net assets over total paid-in capital) or if there is no surplus, the net profits for the current fiscal year or the fiscal year before which the dividend is declared. Our board may only declare cash dividends if after paying those dividends we would be able to pay our liabilities as they become due. 
Liquidation. The holders of our common stock have the right to receive our remaining assets and funds upon liquidation, dissolution or winding-up, if any, after we pay to the holders of any series of our preferred stock the amounts they are entitled to, and after we pay all our debts and liabilities. 
Preemptive, subscription and conversion rights. Our common stock is not redeemable and has no preemptive, subscription or conversion rights. 
Transfer agent. The transfer agent and registrar for our common stock is Computershare Limited.
Our common stock is subject and subordinate to any rights and preferences granted under our certificate and any rights and preferences which may be granted to any series of preferred stock by our board pursuant to the authority conferred upon our board under our certificate.
Anti-Takeover Provisions
Some provisions of our certificate, bylaws and Delaware law may have the effect of delaying, discouraging or preventing a change in control of us or changes in our management. Pursuant to our certificate and bylaws:
•the board of directors is authorized to issue “blank check” preferred stock without stockholder approval;
•the board of directors is expressly authorized to make, alter or repeal any provision of our bylaws;
•stockholders may not cumulate votes in the election of directors;

•stockholders may take action only at a duly called meeting of the stockholders, and stockholders are not permitted to act by written consent;
•special meetings of the stockholders may be called by the stockholders only upon the request of stockholders owning shares representing 10% or more of the voting power of the then outstanding shares of capital stock entitled to vote on the matter or matters to be brought before the proposed special meeting;
•stockholders must satisfy advance notice procedures to submit proposals or nominate directors for consideration at a stockholders meeting; and
•we will indemnify officers and directors against losses that they may incur as a result of investigations and legal proceedings resulting from their services to us, which may include services in connection with takeover defense measures.
In addition, we are subject to the provisions of Section 203 of the Delaware General Corporation Law (“DGCL”). In general, the statute prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date that the person became an interested stockholder unless, with some exceptions, the business combination or the transaction in which the person became an interested stockholder is approved in a prescribed manner. Generally, a “business combination” includes a merger, asset or stock sale or other transaction resulting in a financial benefit to the stockholder, and an “interested stockholder” is a person who, together with affiliates and associates, owns (or within three years prior, did own) 15% or more of the corporation’s outstanding voting stock. This provision may have the effect of delaying, deferring or preventing a change in control without further action by the stockholders.
Exclusive Forum
Our bylaws provide that, unless we consent in writing to the selection of an alternative forum, a state court located within the State of Delaware (or, if no state court located within the State of Delaware has jurisdiction, the federal district court for the District of Delaware) will be the sole and exclusive forum for any stockholder (including any beneficial owner) to bring: (a) any derivative action or proceeding brought on our behalf; (b) any action asserting a claim of breach of a fiduciary duty owed by any of our directors, officers or employees to us or our stockholders; (c) any action asserting a claim arising pursuant to any provision of the DGCL, our certificate or our bylaws; (d) any action asserting a claim governed by the internal affairs doctrine; or (e) any other action asserting an internal corporate claim, as defined in Section 115 of the DGCL; in all cases subject to the court's having personal jurisdiction over the indispensable parties named as defendants. It is possible that a court of law could rule that the choice of forum provision contained in our bylaws is inapplicable or unenforceable if it is challenged in a proceeding or otherwise. Such exclusive forum provision does not apply to suits brought to enforce any liability or duty created by the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended.Document

EXHIBIT 10.22
     

          February 1, 2020

Roberto Jacobo Isaias Zanatta 
Galileo 229  PH2
Polanco
Delegacion Miguel Hidalgo
Mexico, CDMX

Dear Roberto,

Mattel HQ, Inc. (the “Company”) would like to outline the terms surrounding your transfer to Mattel Headquarters in El Segundo, California from Mexico City, Mexico in the position of Executive Vice President (“EVP”) and Chief Supply Chain Officer, with a transfer date of February 1, 2020 (“Effective Date”).  For purposes of this letter, “Company” will refer to Mattel HQ, Inc., or any entity within the Mattel family of companies that may later become your employer.  For purposes of seniority, the Company will recognize an employment start date of December 1, 2007. 
SALARY
Your annualized base salary will continue as USD $575,000, payable on a bi-weekly basis, less applicable federal and state taxes and other required withholdings.   
BONUS - MATTEL INCENTIVE PLAN
You will continue to be eligible to participate in the Mattel Incentive Plan (“MIP”) at a target of 65% of your eligible earnings, up to a maximum of 130%.
STOCK – ANNUAL EQUITY GRANT 
You will continue to be eligible to receive an annual equity grant.  Currently, annual equity grants are made around August 1 of each year.  Your annual equity grant recommendation may vary each year and will be submitted to the Compensation Committee of the Board of Directors for approval.  Currently, Mattel’s annual equity grant portfolio approach for senior executives encompasses three grants: restricted stock units (“RSUs”)  and stock options, as well as performance-based RSUs granted under our Long-Term Performance Program (“LTIP”).  The LTIP provides senior executives the opportunity to earn shares of Mattel stock based on Mattel’s financial performance over a three-year performance cycle.  
STOCK OWNERSHIP
As an EVP, you will continue to be subject to stock ownership guidelines established as a multiple of base salary commensurate with your level.  Your stock ownership requirement is three times your then current base salary.  You have until February 29, 2024 (five years from your promotion to EVP date) to attain your targeted level of ownership.
Roberto Jacobo Isaias Zanatta    Page 1 of 5

CAR ALLOWANCE
As a U.S. executive, you will receive a monthly car allowance in the amount of $2,000 for all your automobile expenses, payable on a biweekly basis, less applicable federal and state taxes and other required withholdings.  The car allowance is intended to cover all automobile expenses including mileage, gasoline, maintenance and insurance. 
DEFERRED COMPENSATION
As a U.S. executive, you will be eligible to participate in the Mattel, Inc. Deferred Compensation & PIP Excess Plan (“DCP”) beginning in 2021.  The DCP provides the opportunity for enhanced financial planning through tax-deferred investing.  Under the DCP, you may elect to defer a portion of your salary and/or annual MIP bonus, as well as continue pre-tax retirement contributions in excess of IRS limits, with various investment and payment options available.
Additional information will be provided during annual enrollment in November 2020.
RELOCATION ASSISTANCE 
The Company will provide services, to assist you with your move to Southern California.  You will be eligible for relocation assistance and services in accordance with Mattel’s International Transfer program.  Services may include travel, up to 30 days of temporary accommodations, shipment of household goods, expense reimbursement, etc.  (Summary is attached).
Immigration
Your employment in the U.S. is dependent on you maintaining a valid visa/work authorization.  The Company will sponsor you and your dependents for U.S. Permanent Residence status (i.e. a ‘Green Card’) as soon as possible after your transfer to the U.S.  Expenses will be covered in accordance with Mattel’s current sponsorship practices.  Please contact Victoria Smith, Director of Global Mobility, with any questions.  
Tax Preparation Assistance  
Prior to departing for, and upon arriving in the U.S., you will be provided services by a Mattel-selected tax consulting firm in order to help you transition into the U.S. tax reporting requirements.  This firm will also assist you in the preparation and filing of federal and state tax returns in the U.S. for the 2019 and 2020 U.S. tax years.  You are responsible for the filing of any necessary individual income tax returns in Mexico for 2019, and for any other country in which you are required by law to file a tax return.
Transition Payment
In addition to the standard international relocation benefits described in the attached summary, you will receive a transition payment in the amount of $120,000, less applicable federal and state taxes and other required withholdings, to assist with facilitation of your move to the U.S. from Mexico, to be paid within 30 days of  the Effective Date.

Roberto Jacobo Isaias Zanatta    Page 2 of 5

Repayment Agreement
With respect to relocation services and benefits, as well as the transition payment, above, if within 12 months of your relocation date for relocation services and benefits and within 12 months of the transition payment date, you choose to voluntarily terminate your employment with the Company or you are discharged for “cause” as defined in the General Information section below, you agree to reimburse the Company for 100% of relocation expenses and payments incurred by the Company on your behalf within 30 days of your termination date.  Should your termination under those same circumstances occur after 12 months but within 24 months of your relocation date for relocation services and benefits and within 12 months but within 24 months of the transition payment date, you agree to reimburse the Company for 50% of these expenses and payments within 30 days of your termination date.
BENEFITS AND EMPLOYEE PROGRAMS
You will participate in Mattel’s benefit plans and programs.
Health and Welfare 
The following is a brief outline of the health and welfare benefits in which you and your qualified dependents, if applicable, will be eligible to participate in as of the Effective Date. 
						
	                          Medical	                  Life Insurance
	                          Dental	                  Accidental Death & Dismemberment
	                          Vision	                  Business Travel Coverage
	                          Prescription	                  Disability Insurance

Retirement/401(k) 
Mattel provides eligible employees the opportunity to participate in a 401(k) retirement program that provides a variety of investment options.  You will be automatically enrolled in the Mattel, Inc. Personal Investment Plan (“PIP”), which is a 401(k) savings/retirement plan.  The PIP offers both Mattel automatic and matching contributions as follows:
•Mattel Automatic Contributions: Mattel will make automatic contributions to your account ranging from 3% to 7% of your salary, based on your age.
•Employee Contributions: The PlP allows for voluntary employee contributions up to 80% of your eligible compensation, subject to IRS limitations.  You will be initially enrolled at 2% of your eligible compensation on a pre-tax basis, which will be matched 50% by Mattel, to help you get started. This contribution will begin automatically within about 45 days of the Effective Date.  You will have the opportunity to opt-out of the 2% pre-tax contribution before the first deduction from your paycheck and may make changes anytime. 
•Mattel Matching Provision: Mattel will match your contributions 50% up to the first 6% of your eligible compensation.  If you elect an employee contribution of at least 6%, you will receive the maximum Mattel matching contribution.
You will receive a PIP packet in the mail within two weeks of your Effective Date that provides additional details regarding your contribution and investment options.  
Roberto Jacobo Isaias Zanatta    Page 3 of 5

Flexible Paid Time Off
Mattel recognizes the value of rest and relaxation and provides eligible exempt employees Flexible Paid Time Off (“Flexible PTO”) for personal and leisure time away from work.  While you do not have a specified amount of Flexible PTO, use of Flexible PTO is subject to the needs of the business and management’s discretion.  For leaves of absence, jury duty, and sick leave, different practices apply.
COMPENSATION RECOVERY POLICY
As a direct report to the Chief Executive Officer, you will continue to be subject to Mattel’s Compensation Recovery Policy (“Clawback Policy”).  The Clawback Policy permits our Compensation Committee to require forfeiture or reimbursement of certain cash and equity that was paid, granted, or vested based upon the achievement of financial results that, when recalculated to include the impact of a material financial restatement, were not achieved, whether or not fraud or misconduct was involved.
GOVERNING LAW
By accepting this offer of employment, you understand and agree that your employment with the Company, the terms and conditions set forth in this offer of employment, and all employment benefits shall be governed by, and construed in accordance with, the laws of the United States and the policies, procedures, and practices of the Company.
GENERAL INFORMATION 
This letter is only a summary of your compensation, benefit and employee program offerings.  More details and plan provisions are provided in our Summary Plan Descriptions, Plan Documents or program summaries, which govern and are subject to periodic modification and revision. 
This letter supersedes any prior communications you may have had with Company employees and/or representatives, and reflects the entire understanding between you and the Company, regarding the terms of employment being offered to you.  No Company employee and/or representative has the authority to make any promise related to this offer that is not contained in this letter and, by signing below, you affirm that you have not signed this letter in reliance on any such promise. By signing below, you confirm that your negotiation, acceptance and/or performance of the terms of this offer does not violate any contract or arrangement you may have with any third party.  If the Company (in its sole discretion) determines that your confirmation may be inaccurate for any reason, it can be a basis for terminating your employment “with cause” as defined below.  By signing below, you agree to indemnify the Company and the Mattel family of companies against any claims that may be brought against such companies relating to any allegation that you violated any contract or arrangement between you and such third party.
For purposes of this letter only, and without altering the at-will employment offered by the Company, "cause" shall mean the Company's good faith belief that you: (i) neglected significant duties you were required to perform; (ii) violated a material Company policy, rule or guideline; (iii) engaged in an act of dishonesty, fraud, misrepresentation or other act of moral turpitude; (iv) engaged in an act or omission in the course of your employment which constitutes gross negligence; or (v) willfully failed to obey a lawful direction of the Board or the Company.
Roberto Jacobo Isaias Zanatta    Page 4 of 5

The terms of this letter do not constitute a contract of employment for a definite term, and do not obligate the Company to employ you, or you to work for the Company, for any particular period of time.  Your employment with the Company will be “at will,” and both you and the Company have the right to terminate your employment at any time, for any or no reason, with or without prior notice or cause.  The at-will relationship cannot be changed by any person, statement, act, series of events, or pattern of conduct, but only by express, individual written employment agreement signed by Mattel’s Chief People Officer or Chief Executive Officer.  For purposes of clarity, your participation in any stock option, incentive, or benefit program will not be construed as (i) any assurance of continuing employment for any particular period of time, or (ii) a restriction on the Company’s right to terminate your employment with or without prior notice or cause.
Also, please note that as an executive of the Company, and an officer, you will continue to be considered an Insider for purposes of Mattel's Insider Trading Policy and are subject to window period restrictions.  This means that you are restricted to conducting transactions in Mattel stock ONLY during open window periods. Examples of such transactions include sales of shares underlying a stock option (including sales of shares to generate cash to pay the exercise price) and changes in elections in the Mattel stock fund of Mattel's 401(k) plan.  For more information about this Policy and its restrictions, you can access and/or obtain a copy of the Policy on Mattel's Code of Conduct website.
Please review the terms contained herein and sign below to indicate your understanding and concurrence.    

Sincerely,

/s/ Amy Thompson                
Amy Thompson
Executive Vice President and Chief People Officer

Agreed and accepted:

/s/ Roberto Isaias                                         February 1, 2020
						
	         Roberto Jacobo Isaias Zanatta	                        Date
		

Roberto Jacobo Isaias Zanatta    Page 5 of 5

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