Document:

Amendment No. 1 to WABCO Holdings Inc. Change of Control Severance Plan

 Exhibit 10.1 
 AMENDMENT NO. 1 
 TO 
 WABCO HOLDINGS INC. CHANGE OF CONTROL SEVERANCE PLAN 
 THIS AMENDMENT NO.
1 is hereby entered into on July 8, 2008. 
 WHEREAS, WABCO Holdings Inc. (the “Company”) adopted the WABCO
Holdings Inc. Change of Control Severance Plan (the “Plan”); 
 WHEREAS, under Section X of the Plan, the Company reserves
the right to amend the Plan; and 
 WHEREAS, the Compensation, Governance and Nominating Committee of the Board of Directors of the
Company, as the administrator of the Plan, has determined that it is in the best interest of the Company and its shareholders to amend the Plan on the terms set forth herein. 
 NOW, THEREFORE, the Plan shall be amended as follows: 
  

	1.	Section II of the Plan shall be amended to delete subsection (C) (“Base Amount”) of such Section in its entirety and to re-letter all subsequent subsections.

  

	2.	The third sentence of Section IV of the Plan shall be amended in its entirety to read as follows: 

 “For purposes of this Section IV, the Applicable Multiplier shall be two (2), except with respect to the Company’s Chief Executive Officer (the
‘CEO’), the Company’s Chief Financial Officer (the ‘CFO’), the Company’s Chief HR Officer (the ‘CHRO’) and the Company’s Chief Legal Officer (‘CLO’), each of whose Applicable Multiplier shall be
three (3).” 
  

	3.	The first sentence of Section VI of the Plan shall be amended by deleting the following: 

 “for a period of 12 months from the date of termination (twenty-four (24) months for the CEO and eighteen (18) months for both the CFO and SVP – HR)” 
 And replacing it with the following: 
 “for a period of twenty four (24) months from the date of termination (thirty six (36) months for each of the CEO, CFO, CHRO and CLO)” 
  

	4.	Section VI of the Plan shall be further amended by adding the following sentence at the end of such section: 

 “Any payments by the Company in respect of the life, accident and health benefits provided for in this Section VI shall be made on a monthly basis
and considered in compliance with Section 409A of the Code. If the Company reimburses a Participant for 

 
the amount of any such benefit under this Section VI, such reimbursement shall be made promptly in accordance with Company policy, but in any event on or
before the last day of the Executive’s taxable year following the taxable year in which the expense or cost was incurred. In no event shall the amount that the Company pays for any such benefit in any one year affect the amount that it will pay
in any other year and in no event shall the benefits described in this paragraph be subject to liquidation or exchange.” 
  

	5.	Section IX of the Plan shall be amended by deleting the heading “Certain Limitations on Payments” and replacing it with the heading “Certain Additional
Payments”. 

  

	6.	Section IX of the Plan shall be further amended by deleting such Section in its entirety and replacing it with the following: 

 “A. If a Participant becomes entitled to any payments, rights or benefits (whether pursuant to the terms of this Plan or any other plan, arrangement
or agreement of the Company or any of its affiliates in which the Participant participates or under which the Participant is entitled to receive payments or benefits and whether or not the Participant’s employment has then terminated (the
‘Payments’)) and if, in connection therewith, it is determined that (i) part or all of the Payments constitute ‘parachute payments’ under Section 280G of the Code, and (ii) the payment thereof will cause the
Participant to incur excise tax under Section 4999 of the Code (‘Excise Tax’), then the Company shall pay to the Participant an amount in addition to the Payments due to the Participant (the ‘Gross-Up Payment’). The Gross Up
Payment shall be in an amount such that, after deduction of any Excise Tax on the Payments and any U.S. federal, state and local income and employment tax and Excise Tax on the Gross Up Payment, but before deduction for any U.S. federal, state or
local income and employment tax on the Payments, the net amount retained by the Participant shall be equal to the Payments. 
 B. The Company
will, at its expense, retain a ‘Consultant’ (which shall be a law firm, a certified public accounting firm, and/or a firm of recognized executive compensation consultants) to make all determinations under this Section IX, including whether
a Gross-Up Payment is required and the amount of such Gross-Up Payment, as well as any other calculations necessary to implement this Section IX. The Company will select the Consultant in its sole discretion. 
 (C) The Consultant shall provide detailed supporting calculations both to the Company and the Participant within fifteen (15) days of the date of the
event that results in the potential for an excise tax liability for the Participant, which could include, but is not limited to, a Change of Control and the subsequent vesting of any cash payments or awards, or the Participant’s termination of
employment, or such earlier time as is required by the Company. The initial Gross-Up Payment, if any, as determined pursuant to this Section IX, shall be paid on the Participant’s behalf to the applicable taxing authorities within five
(5) days of the receipt of the Consultant’s determination. If the Consultant determines that the Participant is not then subject to Excise Tax, it shall furnish the Participant with a written report indicating that he or she has
substantial authority not to report any Excise Tax on his or her federal income tax return. Any determination by the Consultant shall be binding upon the Company and the Participant. As a result of the 

 
uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Consultant hereunder, it is possible that
Gross-Up Payments which will not have been made by the Company should have been made (‘Underpayment’), consistent with the calculations required to be made hereunder. In the event that the Company exhausts its remedies pursuant to
subsection (D) below and the Participant thereafter is required to make a payment or additional payment of any Excise Tax, the Consultant shall determine the amount of the Underpayment that has occurred and any such Underpayment, increased by
all applicable interest and penalties associated with the Underpayment, shall be promptly paid by the Company to or for the benefit of the Participant. For purposes of determining the amount of the Gross-Up Payment, the Participant shall be deemed
to pay U.S. federal income tax at the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and U.S. state and local income taxes on earned income at the highest marginal rate of taxation
in the state and locality of the Participant’s residence on the date of his or her termination of employment, net of the maximum reduction in U.S. federal income taxes which could be obtained from deduction of such U.S. state and local taxes.

 (D) The Participant shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the
payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable, but no later than ten (10) days after Participant knows of such claim and the Participant shall apprise the Company of the nature of such
claim and the date on which such claim is requested to be paid. The Participant shall not pay such claim prior to the expiration of the period ending on the date that any payment of taxes with respect to such claim is due or the thirty day period
following the date on which the Participant gives such notice to the Company, whichever period is shorter. If the Company notifies the Participant in writing prior to the expiration of such period that it desires to contest such claim, the
Participant shall (i) give the Company any information reasonably requested by the Company relating to such claim, (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time
to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, (iii) cooperate with the Company in good faith in order effectively to contest such claim, and
(iv) permit the Company to participate in any proceedings relating to such claim; provided, however, that the Company shall bear and pay directly all costs and expenses (including attorneys fees and any additional interest and
penalties) incurred in connection with such contest and shall indemnify and hold the Participant harmless, on an after-tax basis, for any Excise Tax or income tax, including interest and penalties with respect thereto, imposed as a result of such
representation and payment of costs and expenses.” 
 [Signature page follows] 

 IN WITNESS THEREOF, the Company has caused its name to be signed by its duly authorized officers as of
the day and year first above written. 
  

			
	WABCO HOLDINGS INC.
		
	By:	 	 /s/ Kevin Tarrant

	Name:	 	Kevin Tarrant
	Title:	 	Chief Human Resources OfficerFourth Amendment and Waiver To Revolving Credit and Term Loan Agreement

 Exhibit 10.9 
 FOURTH AMENDMENT AND WAIVER 
 TO REVOLVING CREDIT AND TERM LOAN AGREEMENT

 FOURTH AMENDMENT AND WAIVER (the “Amendment”) entered into as of January 31, 2008 (the “Effective Date”)
by and between HI-TECH PHARMACAL CO., INC (the “Company”), a Delaware corporation, with its principal place of business at 369 Bayview Avenue, Amityville, New York 11701 and BANK OF AMERICA, N.A , successor by merger to Fleet National
Bank, a national banking association, having a place of business located at 300 Broad Hollow Road, Melville, New York 11747 (the “Bank”). 
 WHEREAS, the Company, Little Remedies Co., Inc. (the “Former Guarantor”) and the Bank are patties to a Revolving Credit and Term Loan Agreement dated as of October 23, 2002, as amended by that First Amendment dated as of
November 1, 2002, that Second Amendment dated as of November 15, 2002 and that Third Amendment dated as of October 21, 2005, as same may be hereafter amended and modified (the “Agreement”); 
 WHEREAS, the Former Guarantor is an inactive entity and no longer provides its secured guaranty with respect to the Company’s obligations under the
Agreement; and 
 WHEREAS, the Company has requested that the Bank amend certain provisions of the Agreement and waive certain covenant
violations thereunder as of the Effective Date, and the Bank has agreed to such amendments and waivers subject to the provisions hereof 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 1. All capitalized terms used herein, unless otherwise defined herein,
have the same meanings provided therefor in the Agreement. 
 2 As an inducement for the Bank to enter into this Amendment, the Company
hereby represents and warrants to the Bank as of April 22, 2008 (the “Execution Date”) that: 
 (a) There are no defenses or offsets
to its obligations under the Agreement, the Notes, or the Loan Documents, and if any such defenses or offsets exist, the same are hereby waived 
 (b) Each and every of the representations and warranties of the Company set forth in the Agreement and the Loan Documents is true as of the Execution Date and with the same effect as though made on the Execution Date, and is hereby
incorporated herein in full by reference as if fully restated herein in its entirety. 
 (c) No Default or Event of Default and no event or
condition which, with the giving of notice or lapse of time or both, would constitute such a Default or Event of Default, now exists or would exist after giving effect hereto, except (i) as set forth in Section 4 hereof, and
(ii) violations of Sections 5.9(b) and 5.9(d) of the Agreement after the Effective Date, which post-Effective Date violations are not covered by this Amendment. 

 3. The Agreement is hereby amended as follows: 
 (a) The definition of “Acquisition” in Section 1.1 is deleted and the following is substituted therefor: 
 “Acquisition: shall mean any acquisition after the date hereof by the Company or any Subsidiary, of a Person within the
same or related line of business as the Company or its Subsidiaries by: merger, consolidation, purchase of a voting majority of the stock of another Person, purchase of all or substantially all of the assets of another Person or purchase of all or
substantially all of the assets of a division or other operating component of another Person, if all of the following conditions are met: 
 (i) The Bank shall have received a set of projections setting forth in reasonable detail the pro forma effect of such acquisition and showing compliance by the Company and its Subsidiaries with all covenants set forth
in this Agreement for the next succeeding year. The projections to be delivered hereunder shall include and specify the assumptions used to prepare such projections regarding growth of sales, margins on sales and cost savings resulting from such
acquisition; 
 (ii) The Bank shall have received a certificate (with attached written financial covenant calculations) signed
by the president and the chief financial officer of the Company to the effect that for the most recent twelve (12) months ended on the day prior to the proposed acquisition date, and on a pro forma basis after giving effect to such acquisition:
(a) all representations and warranties contained in the Loan Documents will remain true and correct, except those, if any, made as of a specific time which shall have been true and correct when made, (b) the Company is in compliance with
and will remain in compliance with all covenants contained in the Loan Documents, and (c) no Default or Event of Default has occurred and is continuing (including, without limitation, written calculations of the Financial Covenants set forth in
Section 5.9 (inclusive) of this Agreement, demonstrating compliance for the most recent twelve (12) months ended on the date immediately prior to the proposed acquisition date) or will occur as a result of the consummation of such
acquisition; 
 (iii) Such acquisition, in the case of a corporation being acquired, has been (a) approved by the board
of directors of such corporation which is the subject of such acquisition, (b) recommended for approval by such board to the shareholders of such corporation and subsequently approved by such shareholders as required under applicable law or the
by-laws or the certificate of incorporation of such corporation or (c) otherwise agreed to by all shareholders of such corporation; 
  

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 (iv) With respect to each Seller Note constituting part of the Cash Compensation for such
acquisition, the Company shall obtain a subordination agreement on the Bank’s standard form, subordinating such Seller Note to all obligations in favor of the Bank; and 
 (v) The Company has timely delivered the information required pursuant to Section 5.1 hereof.” 
 (b) Section 4 3 of the Agreement is hereby amended by deleting same and substituting the following therefor: 
 “4 3 Condition to All Loans and Letters of Credit: The obligation of the Bank to make each Loan hereunder and to issue any
Letter of Credit is subject to: 
 (a) Compliance Certificate: Receipt by the Bank of a certificate (with
attached written financial covenant calculations) executed by the President and the Chief Financial Officer of the Company, dated the date of each Loan or issued Letter of Credit, to the effect that: 
 (i) the Company has complied with all the terms, covenants and conditions of this Agreement and the Loan Documents to which it is a party;

 (ii) there exists no Default or Event of Default, including (without limitation) written calculations of the Financial
Covenants set forth in Section 5.9 (inclusive) of the Agreement, demonstrating compliance for the most recent twelve (12) months ended on the date of the Compliance Certificate; and 
 (iii) the representations and warranties contained in Section 3 hereof are true and correct, on the proposed borrowing date, both
prior and after giving effect to the requested Loan. 
 (b)
Material Adverse Change: The Company shall not have had a Material Adverse Change since the latter of the date of this Agreement or
the last borrowing date hereunder.” 
 (c) All other provisions of the Agreement not modified above are ratified and shall remain in
full force and effect. 
  

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 4. Non-compliance by the Company with the following covenants for the indicated amounts and/or periods
are hereby waived by the Bank as of the Effective Date, subject to the limitations set forth herein: 
 (a) Section 5.9(b) Maximum Ratio
of Funded Debt to EBITDA for the rolling four fiscal quarters ended January 31, 2008, which should have been no greater than 1.5 to 1.0, but which was actually a negative ratio as the result of the Company’s negative EBITDA of
-$8,563,000.00 for such period; 
 (b) Section 5.9(d) Minimum Interest Coverage Ratio for the rolling four fiscal quarters ended
January 31, 2008, which should have been not less than 5.0 to 1.0, but which was actually a negative ratio of -513.0 to 1.0 for such period; and 
 (c) Section 6.3 No Merger, Consolidation and Acquisition of Assets (which states, inter alia, that asset purchases are prohibited unless same constitute a permitted Acquisition) with respect to the
asset purchase by the Company from Midlothian Laboratories, LLC for $5,000,000.00 in an all cash acquisition completed as of December 28, 2007, which asset purchase did not constitute a permitted Acquisition under the Agreement because the
Company did not timely comply with all requirements thereof 
 5. It is expressly understood and agreed that all collateral security granted
by the Company for the Loans, Letters of Credit and other extensions of credit set forth in the Agreement prior to the amendment provided for herein is and shall continue to be collateral security for the Loans, Letters of Credit and other
extensions of credit provided in the Agreement as herein amended Without limiting the generality of the foregoing, the Company hereby absolutely and unconditionally confirms that each Loan Document, document and instrument executed by it pursuant to
the Agreement continues in full force and effect, is ratified and confirmed and is and shall continue to be applicable to the Agreement (as herein amended). 
 6. The amendments and waivers set forth herein are limited precisely as written and shall not be
deemed to (a) be a consent to or a waiver of, or any future waiver of any violation, further violation or non-compliance, with any of the covenants or any other term or condition of the Agreement, the Loan Documents or any of the documents
referred to therein, or (b) prejudice any right or rights which the Bank may now have or may have in the future under or in connection with the Agreement, the Loan Documents or any documents referred to therein Whenever the Agreement is
referred to in the Agreement, the Loan Documents or any of the instruments, agreements or other documents or papers executed and delivered in connection therewith, it shall be deemed to mean the Agreement as modified by this Amendment. 

7. The Company agrees to pay on demand, and the Bank may charge any deposit or loan account(s) of the Company, for all expenses (including reasonable
attorneys’ fees) incurred by the Bank in connection with the negotiation and preparation of the Agreement as amended hereby 
  

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 8 This Amendment shall become effective on such date as all of the following conditions shall be
satisfied, retroactive to the Effective Date hereof: 
 (a) The Bank shall have received and executed four (4) fully-executed, original
counterparts of this Amendment. 
 (b) The Bank shall have received evidence of payment of: (i) the Bank’s amendment fee of
$5,000,00, and (ii) the fees and disbursements of the Bank’s counsel in connection with the preparation of this Amendment 
 (c)
The Bank shall have received copies of fully-executed counterparts of all action (in form and substance satisfactory to the Bank and its counsel) taken by the Company to authorize the execution, delivery and performance of this Amendment, together
with good standing certificates for the Company and such other papers as the Bank or its counsel may require. 
 (d) All legal matters and
the form and substance of all documents required hereunder shall be satisfactory to the Bank’s counsel. 
 9 This Amendment may be
executed in counterparts, each of which shall constitute an original, and each of which taken together shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment the year and date first above written 
  

			
	HI-TECH PHARMACAL CO., INC
		
	By:	 	 /s/ David Seltzer

		 	David Seltzer
		 	President
	
	BANK OF AMERICA, N.A
		
	By:	 	 /s/ Martha Novak

		 	Martha Novak
		 	Senior Vice President

  

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 State of New York, County of Suffolk, ss: 
 On the 22 day of April, in the year 2008, before me the undersigned, personally appeared DAVID SELTZER, personally known to me or proved to me on the
basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual or the person upon
behalf of which the individual acted, executed the instrument. 
  

					
	ELLEN B. SOLOMON	 		 	 /s/ Ellen B Solomon

	Notary Public, State of New York	 		 	Notary Public
	No. 01SO6124748	 		 	
	Qualified in Suffolk County	 		 	
	Commission Expires March 28, 2009	 		 	

 State of New York, County of Suffolk, ss: 
 On the 22nd day of April, in the year 2008, before me the undersigned, personally appeared MARTHA NOVAK, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed
to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual or the person upon behalf of which the individual acted, executed the instrument. 
  

					
	LINDA L. DECURTIS	 		 	 /s/ Linda L. Decurtis

	NOTARY PUBLIC - STATE OF NEW YORK	 		 	Notary Public
	NASSAU COUNTY	 		 	
	01DE6048755	 		 	
	My Commission Expires	 		 	
	October 02, 2010	 		 	

  

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