Document:

Form of Restricted Stock Agreement

 Exhibit 10.3 
  
 RESTRICTED STOCK AGREEMENT UNDER THE ALFA CORPORATION 
 2005 AMENDED AND RESTATED STOCK INCENTIVE PLAN 
  
 To:                                      
       
       Name of Grantee 
  
 On
                        , 2005, (Grant Date) The Board of Directors of Alfa Corporation approved the grant to you of
Restricted Shares of Alfa Corporation stock under the Alfa Corporation 2005 Amended and Restated Stock Incentive Plan (The “Plan”). 
  
 The Restricted Stock granted is subject to all terms and conditions of the Plan (a copy of the plan is on file in the Alfa Human Resources Department and can be reviewed
or obtained upon request) and the following additional terms and conditions: 
  

	 	1.	You are granted                      Restricted Shares of Alfa Corporation
Common Stock. 

  

	 	i.	The Restricted Shares granted hereunder may not be sold, transferred, assigned, pledged, exchanged or otherwise encumbered or disposed of by you until they have become vested and
non-forfeitable in accordance with section 1. ii. 

  

	 	ii.	Subject to the terms of the Plan, the Restricted Shares shall vest and become non-forfeitable three years from the Grant Date (Vesting Date) provided you continue to be employed by
the Company for such three year period (except for retirement at or after normal retirement age or under early retirement conditions as authorized by the Company). 

  

	 	iii.	You shall have all rights of a stockholder with respect to the Restricted Shares, including the right to vote such shares and receive dividends that may be paid thereon. The Company
reserves the right to vote your Restricted Shares until the shares become vested and non-forfeitable. Any dividends paid on the Restricted Shares prior to the Vesting Date shall be paid only in shares of the Company’s common stock which shares
shall be subject to the same restrictions as the underlying shares granted hereunder and shall also vest on the Vesting Date. 

  

	 	iv.	Any Restricted Shares granted to you shall be held by the Company until those shares have vested and become non-forfeitable. The Company will deliver you a certificate for your
Restricted Shares as soon as practicable after the shares have vested and become non-forfeitable and after applicable state and federal withholding taxes have been paid. 

	 	2.	You are granted hereunder                      shares of restricted stock
known as “Career Shares”. The Career Shares shall be subject to the following terms and conditions: 

  

	 	i.	The Career Shares granted hereunder may not be sold, transferred, assigned, pledged, exchanged or otherwise encumbered or disposed of by you until they have become vested and
non-forfeitable in accordance with section 2.ii., and also not until the terms of section 2.iv. have been met. 

  

	 	ii.	Subject to the terms of the Plan, Career Shares shall vest and become non-forfeitable three years from the Grant Date (Vesting Date) provided you continue to be employed by the
Company for such three year period (except for retirement at or after normal retirement age or under early retirement conditions as authorized by the Company). 

  

	 	iii.	You shall have all rights of a stockholder with respect to the Career Shares including the right to vote such shares and receive dividends that may be paid thereon. The Company
reserves the right to vote your Career Shares until the shares shall have become vested and non-forfeitable provided the Company shall have the right to continue to vote any shares which it holds on your behalf. Any dividends paid on the Career
Shares shall be paid only in shares of the Company’s common stock which shares shall be subject to the same restrictions as the Career Shares on which the dividends are paid and shall also vest on the Vesting Date set forth in 2.ii.

  

	 	iv.	After the Career Shares vest, they may not be sold or transferred by you until your employment with the Company terminates for any reason. 

  

	 	v.	After vesting, the Career Shares will continue to be held by the Company until your employment terminates at which time a certificate representing the Career Shares will be
delivered to you. 

  

	 	vi.	You will be required to pay any federal or state withholding taxes due at the time of vesting. 

  

	 	vii.	After the Career Shares vest, dividends on the Career Shares will continue to be paid only in shares of the Company’s common stock. Dividends on Career Shares shall also be
paid in Career Shares subject to the restrictions set forth in this section 2. 

  

	 	3.	You shall not have any claim or right to receive future grants under the Plan. Nothing contained in the Plan or this agreement gives you a continued right to employment by the
Company or AMI and does not limit or restrict the right of the Company or AMI to terminate your employment or adjust your compensation at any time for any reason. 

  

	 	4.	If your Restricted Shares or Career Shares do not vest in accordance with Sections 1.ii and 2.ii, you will have no further rights in said shares after the date the shares were
scheduled to vest. 

	 	5.	Any applicable federal or state withholding taxes required to be withheld and paid by Alfa under federal, state or local laws shall be paid or otherwise provided for by you in the
manner prescribed in the Plan. If you desire to pay or provide for all or part of your withholding tax obligation by the surrender or cancellation of shares or the delivery of previously owned shares of stock, you must notify the Senior Vice
President of Human Resources in advance for instructions (which election is subject to the approval of the Compensation Committee of the Board of Directors). 

  

	 	6.	This Agreement and the grants evidenced hereby, as well as the Plan, are subject to the reserved rights of administration and interpretation contained in the Plan.

  

	 	7.	The grant made to you hereunder is subject to approval of the Plan by the stockholders of Alfa Corporation. 

  
 In Witness Whereof the undersigned grantee under the Plan and Alfa Corporation have entered
into this agreement on the date set forth below. 
  

					
	Date:            , 2005	 	 	 	  

	 	 	 	 	Grantee
	 	 	 	 	  

	 	 	 	 	Printed or typed name of Grantee
			
	 	 	 	 	Alfa Corporation
			
	 	 	By:	 	  

	 	 	 	 	Jerry A. Newby
	 	 	 	 	Chairman and Chief Executive Officer
	ATTEST:	 	 	 	 
	  

	 	 	 	 
	H. Al Scott	 	 	 	 
	Secretary.Letter Agreement

 Exhibit 10.1 
  
 May 12, 2005 
  
 Dear Jim, 
  
 This will confirm AnnTaylor’s agreement with respect to your compensation: 
  

	•	 	Your base salary has been increased 3% to $381,000, effective May 11, 2005 

  

	•	 	AnnTaylor will pay you a retention bonus of $100,000, payable in your May 31, 2005 paycheck. You hereby agree to fully reimburse AnnTaylor $100,000 if you voluntarily resign prior
to June 1, 2006. 

  

	•	 	If AnnTaylor terminates you other than for “cause”, you will receive severance equal to your annual base salary at the time of termination, payable over a 12-month period
from your date of termination (the “Severance Period”), provided you execute and deliver a general release in form and substance satisfactory to AnnTaylor. 

  

	•	 	In addition, the Company shall permit you to continue your participation in its medical, dental and vision insurance programs during the Severance Period. At the end of that period,
you shall be entitled to participate in such programs in accordance with the applicable COBRA regulations. 

  
 I hope that you recognize this retention incentive as an acknowledgement of your contributions. 
  
 Please acknowledge your agreement by signing and returning to me the enclosed copy of this letter. 
  

	
	 Sincerely,

	
	 /s/ J. Patrick Spainhour

	
	 Pat Spainhour

	 Chairman and Chief Executive Officer

  

			
	cc:	 	Kay Krill
	 	 	Barbara Eisenberg
	 	 	Lorin Thomas

  

	
	 ACCEPTED AND AGREED:

	
	 /s/ James M. Smith

	 James M. Smith

	
	Dated: May 19, 2005Third Supplemental Indenture, dated as of May 24, 2005

 Exhibit 10.1 
  
 TRANSDIGM INC., 
  
 THE GUARANTORS named herein 
  
 and 
  
 THE BANK OF NEW YORK, as Trustee 
  

  
 THIRD SUPPLEMENTAL INDENTURE 
  
 Dated as of May 24, 2005 
  
 To 
  
 Indenture Dated as of July 22, 2003 By and Among 
  
 TRANSDIGM INC., 
  
 the GUARANTORS named therein and 
  
 THE BANK OF NEW YORK, as Trustee 
  

  
 Pursuant to which there were issued $400,000,000 of

  
 8 3/8% Senior Subordinated Notes due 2011 
  
 of TransDigm Inc. 
  

 THIRD SUPPLEMENTAL INDENTURE 
  
 THIRD SUPPLEMENTAL INDENTURE (this “SUPPLEMENTAL INDENTURE”), dated as of May 24, 2005, among Fluid Regulators
Corporation, an Ohio corporation and a wholly-owned subsidiary of TransDigm Inc. (“FLUID”), Skurka Aerospace Inc., a Delaware corporation and a wholly-owned subsidiary of TransDigm Inc. (“SKURKA” and, together with Fluid, the
“GUARANTEEING SUBSIDIARIES” and each such subsidiary is referred to herein as a “GUARANTEEING SUBSIDIARY”), TransDigm Inc., a Delaware corporation and the successor by merger to TD Funding Corporation (the “COMPANY”),
TransDigm Holding Company, a Delaware corporation and the successor by merger to TD Acquisition Corporation (“HOLDINGS”), Adams Rite Aerospace, Inc., a California corporation (“ADAMS RITE”), ZMP, Inc., a California corporation
(“ZMP”), MarathonNorco Aerospace, Inc., a Delaware corporation (“MARATHON”), Christie Electric Corp., a Delaware corporation (“CHRISTIE”), TD Finance Corporation, a Delaware corporation (“TD FINANCE”),
Champion Aerospace, Inc., a Delaware corporation (“CHAMPION”), AVIONIC INSTRUMENTS, INC., a Delaware corporation (“AVIONIC”), and DAC Realty Corp., a New Jersey corporation (“DAC” and, together with the Guaranteeing
Subsidiaries, Holdings, Adams Rite, ZMP, Marathon, Christie, TD Finance, Champion and Avionic, the “GUARANTORS”), and The Bank of New York, as trustee under the indenture referred to below (the “TRUSTEE”). 
  
 W I T N E S S E T H 
  
 WHEREAS, the Company, Holdings, Adams Rite, ZMP, Marathon, Christie and
Champion have heretofore executed and delivered to the Trustee an indenture (the “INDENTURE”), dated as of July 22, 2003 providing for the issuance by the Company of an aggregate principal amount of up to $400 million of 8 3/8% Senior Subordinated Notes due 2011 (the “NOTES”) and the guarantees thereof by Holdings, Adams Rite,
ZMP, Marathon, Christie and Champion; 
  
 WHEREAS, the
Company, Holdings, Adams Rite, ZMP, Marathon, Christie, Champion and TD Finance have heretofore executed and delivered to the Trustee the First Supplemental Indenture (the “FIRST SUPPLEMENTAL INDENTURE”), dated as of October 13, 2003, to
the Indenture, pursuant to which, and subject to the terms and conditions set forth therein, TD Finance agreed to provide a senior subordinated guarantee of payment of the Notes issued by the Company under the Indenture; 
  
 WHEREAS, the Company, Holdings, Adams Rite, ZMP, Marathon, Christie,
Champion, TD Finance, Avionic and DAC have heretofore executed and delivered to the Trustee the Second Supplemental Indenture (the “SECOND SUPPLEMENTAL INDENTURE”), dated as of February 10, 2005, to the Indenture, pursuant to which, and
subject to the terms and conditions set forth therein, Avionic and DAC each agreed to provide a senior subordinated guarantee of payment of the Notes issued by the Company under the Indenture; 
  
 WHEREAS, the Indenture provides that under certain circumstances newly
created or acquired Domestic Restricted Subsidiaries of the Company shall execute and deliver to the Trustee a supplemental indenture providing for a senior subordinated guarantee of payment of the Notes by such New Domestic Subsidiary (the
“SUBSIDIARY GUARANTEE”); and 

 WHEREAS, pursuant to Section 9.01(g) of the Indenture, the Trustee is authorized to execute and deliver
this Supplemental Indenture. 
  
 NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Guaranteeing Subsidiary covenants and agrees for the equal and ratable benefit of the Holders of the Notes as follows: 
  
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall
have the meanings assigned to them in the Indenture. 
  
 2.
GUARANTEE, ETC. Each Guaranteeing Subsidiary hereby agrees that on the effective date of this Supplemental Indenture it shall be a Guarantor under the Indenture and be bound by the terms thereof applicable to Guarantors and shall be entitled to all
of the rights and subject to all the obligations of a Guarantor thereunder. 
  
 3. EXECUTION AND DELIVERY. Each Guaranteeing Subsidiary agrees that the Subsidiary Guarantee granted by it pursuant to the terms hereof shall remain in full force and effect notwithstanding any failure to endorse on
each Note a notation of such Guarantee. 
  
 4. NO RECOURSE AGAINST
OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary (or any successor entity), as such, shall have any liability for any obligations of the Company, such Guaranteeing
Subsidiary or any other Guarantor under the Notes, any Guarantee, the Indenture, the First Supplemental Indenture, the Second Supplemental Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
  
 5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
  
 6. COUNTERPART ORIGINALS. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
  
 7. EFFECT OF HEADINGS. The Section headings have been inserted for convenience of reference only, are not to be considered part of this Supplemental
Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 
  
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all
of which recitals are made solely by the Guaranteeing Subsidiaries and the Company. 

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be duly executed
as of the date first above written. 
  

			
	TRANSDIGM INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	VP and Chief Financial Officer
	
	TRANSDIGM HOLDING COMPANY
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	VP and Chief Financial Officer
	
	TD FINANCE CORPORATION
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	VP and Treasurer
	
	ADAMS RITE AEROSPACE, INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	ZMP, INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	MARATHONNORCO AEROSPACE, INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	CHRISTIE ELECTRIC CORP.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary

			
	CHAMPION AEROSPACE, INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	AVIONIC INSTRUMENTS, INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	DAC REALTY CORP.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	FLUID REGULATORS CORPORATION
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	SKURKA AEROSPACE INC.
		
	By:	 	 /s/ Gregory Rufus

	Name:	 	Gregory Rufus
	Title:	 	Treasurer and Asst. Secretary
	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	 /s/ Van K. Brown

	Name:	 	Van K. Brown
	Title:	 	Vice President

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