Document:

exv10w25

Exhibit 10.25

AMERICAN EAGLE OUTFITTERS, INC.

RSU Confidentiality, Non-Solicitation, Non- Competition And

Intellectual Property Agreement

     As an officer of American Eagle Outfitters, Inc. or one of its subsidiaries or affiliates
(collectively, the “Company”), the undersigned is a participant in the Company Long Term Incentive
Compensation Plan (the “Old LTICP”) and is eligible to participate in the new Company Long Term
Restricted Stock Unit Incentive Plan (the “RSU Plan”) and has access to or may develop trade
secrets, intellectual property, and other confidential or proprietary information (“Confidential
Information”) of the Company.

     NOW, THEREFORE, in recognition of the highly competitive nature of the business conducted by
the Company and in exchange for and in consideration of:

	 	•	 	my continued employment with the Company;
	 
	 	•	 	the benefit of being able as a “Contract Participant” to receive the distribution of my
full account balance under the LTICP in two annual installments; and
	 
	 	•	 	to be eligible to receive a pro rated award under the RSU Plan after termination of my
employment, based on actual days worked and performance goals being met for the full period,
but not an amount above the “target” award level;

I agree as follows:

     1. I will at all times during and after my employment with the Company faithfully hold the
Company’s Confidential Information in the strictest confidence, and I will use my best efforts and
diligence to guard against its disclosure to anyone other than as required in the performance of my
duties to the Company. I will not use Confidential Information for my own personal benefit or for
the benefit of any competitor or other person. I understand that Confidential Information includes
all information and materials relating to Intellectual Property, as defined below, the Company’s
trade secrets and all information relating to the Company that the Company does not make available
to the public. By way of example, Confidential Information includes information about the
Company’s products, designs, processes, systems, marketing, promotional plans, technical
procedures, strategies, costs, financial information, and many other types of information and
materials. Upon termination of my employment with the Company, regardless of the reason for such
termination, I will return to the Company all computers, data storage devices, documents and other
materials of any kind that contain Confidential Information. I will not use any confidential
information of any third party, including any prior employer, in breach of a legal obligation to
that third party in the course of my work for the Company.

     2. If I decide to resign my employment with the Company, I will provide the Company with
thirty (30) days prior written notice.

     3. If I leave the Company for any reason whatsoever, then for a period of eighteen (18) months
after my separation from the Company, I will not directly or indirectly solicit, induce or attempt
to influence any associate to leave the employment of the Company, nor will I in any way assist
anyone else in doing so.

     4. I agree that all inventions, designs and ideas conceived, produced, created, or reduced to
practice, either solely or jointly with others, during my employment with the Company, including
those developed on my own time, which relate to or are useful in the Company’s business
(“Intellectual Property”) shall be owned solely by the Company. I understand that whether in
preliminary or final form, such Intellectual Property includes, for example, all ideas, inventions,
discoveries, designs, innovations, improvements, trade secrets, and other intellectual property.
All Intellectual Property is either work made for hire for the Company within the meaning of the U.
S. Copyright Act, or, if such Intellectual Property is determined not to be work made for hire,
then I irrevocably assign all right, title and interest in and to the Intellectual Property to the
Company, including all copyrights, patents, and/or trademarks. I will, without any additional
consideration, execute all documents and take all other actions needed to convey my complete
ownership of the Intellectual Property to the Company so that the Company may own and protect such
Intellectual Property and obtain patent, copyright and trademark registrations for it. I agree
that the Company may alter or modify the Intellectual Property at the Company’s sole discretion,
and I waive all right to claim or disclaim authorship. I represent and warrant that any
Intellectual Property that I assign to the Company, except as otherwise disclosed in writing at the
time of assignment, will be my sole, exclusive, original work. I have not previously invented any
Intellectual Property or I have advised the Company in writing of any prior inventions or ideas.

 

          5. If I leave the Company for any reason whatsoever, then for a period of twelve (12)
months after my separation from the Company, I will not, directly or indirectly, work for or
contribute to the efforts of any business organization or entity that competes, or plans to
compete, with the Company or its products and services. I understand that the Company at its
discretion may waive this provision or shorten the twelve month period by giving me a written
waiver. I also understand that the Company shall continue to pay me my base salary during the
period I am required not to work for a competitor, except that in no case will the Company pay me
my base salary for any portion of the period that I am employed or work for someone other than a
competitor.

          6. I understand and agree that if I breach any provision of this Agreement as determined in
the sole discretion of the Company, then the Company may refrain from paying to me my account
balance under the LTICP or the RS Plan, all of which I will forfeit in that event.

          7. I understand and agree that the Company has the right to suspend or terminate the RS Plan
at any time in the future, provided that such suspension or termination does not decrease the value
of my then-current account balance.

          8. I understand and agree that the Company is entitled, in addition to other remedies, to
obtain an injunction against any potential or actual violation of this Agreement. This Agreement
is in addition to and does not replace any other agreement between me and the Company relating to
the subject matter hereof, and I acknowledge that the Company is entitled to enforce any such other
agreement in addition to the provisions of this Agreement.

          9. Notwithstanding the foregoing, if I am a “specified employee” as defined in Section 409A of
the Internal Revenue Code of 1986, as amended (the “Code”) and the Company determines that any
amounts to be paid to me under this Agreement could be subject to penalty taxes under Section 409A
of the Code, then the Company shall not commence payment of such amounts until the earlier of (a)
the date that is six months after my Termination Date or (b) the date of my death. Any amount that
otherwise would have been payable but for the delay described above shall be aggregated and paid
with the first payment under this Section 9. For purposes of this Agreement, ‘Termination Date’
shall mean the date on which a ‘separation from service’ occurs, as defined in Treasury Regulation
Section 1.409A-1(h) and the guidance promulgated there under.

          10. This Agreement cannot be changed in any way unless the Company agrees in writing. This
Agreement will be governed by and interpreted in accordance with Pennsylvania law.

	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	American Eagle Outfitters, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 
 

	 	 
	 	By:
	 	  

James
V. O’Donnell, CEO
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 
 

	 	 
	 	  

Officer signatureexv10w1w8

EXHIBIT 10.1 (8)

FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

     THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment”), dated as
of March 10, 2011 (the “Effective Date”), is among A.H. BELO CORPORATION, THE PROVIDENCE
JOURNAL COMPANY, PRESS-ENTERPRISE COMPANY, DENTON PUBLISHING COMPANY, DMI ACQUISITION SUB, INC.,
THE DALLAS MORNING NEWS, INC., and DFW PRINTING COMPANY, INC. (collectively, the
“Borrowers”), the other Loan Parties party hereto, the Lenders party hereto, and JPMORGAN
CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”).

RECITALS:

     A. The Borrowers, the other Loan Parties, the Administrative Agent and the Lenders have
entered into that certain Amended and Restated Credit Agreement dated as of January 30, 2009, as
amended by that certain First Amendment to Amended and Restated Credit Agreement dated as of August
18, 2009, the Second Amendment to Amended and Restated Credit Agreement dated as of December 3,
2009 and the Third Amendment to Amended and Restated Credit Agreement dated as of August 18, 2010
(collectively, the “Credit Agreement”), pursuant to which the Lenders have provided certain
credit facilities to the Borrowers.

     B. Subject to the terms of this Amendment, the Borrowers, the Administrative Agent and the
Lenders hereby agree to amend the Credit Agreement as specifically provided herein.

     NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

ARTICLE 1

Definitions

     Section 1.1 Definitions. Term defined by the Credit Agreement, where used in this
Amendment, to the extent not otherwise defined herein shall have the same meanings as are
prescribed by the Credit Agreement.

ARTICLE 2

Amendment

     Section 2.1 Amendment to 1.01 of the Credit Agreement. Effective as of the Effective
Date, each of the following definitions contained in Section 1.01 of the Credit Agreement
is amended and restated to read in its entirety as follows, respectively:

          “Fixed Charge Coverage Ratio” means, for any period, the ratio of (a)
Adjusted EBITDA minus Capital Expenditures that are unfinanced or financed
with Revolving Loans, minus cash contributions to any Plan (excluding an additional
cash contribution to any Plan, prior to April 30, 2011, in an aggregate amount not
to exceed $30,000,000) to the extent not already deducted from Adjusted EBITDA) to
(b) Fixed Charges, all calculated for the Company and its Subsidiaries on a
consolidated basis in accordance with GAAP.

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Page 1 of 9

 

 

     “Fixed Charges” means, with reference to any period, without
duplication, cash Interest Expense, plus prepayments and scheduled principal
payments on Indebtedness made during such period, plus expense for taxes
paid in cash, plus Restricted Payments paid in cash, plus Capital
Lease Obligation payments, all calculated for the Company and its Subsidiaries on a
consolidated basis.

ARTICLE 3

Conditions

     Section 3.1 Conditions. The effectiveness of Articles 2 and 3 of this
Amendment is subject to the satisfaction of the following conditions precedent:

          (a) The Administrative Agent shall have received this Amendment duly executed by the Borrowers
and the Lenders;

          (b) The representations and warranties contained herein and in all other Loan Documents, as
amended hereby, shall be true and correct in all material respects as of the date hereof as if made
on the date hereof, except for such representations and warranties limited by their terms to a
specific date;

          (c) No Default or Event of Default shall exist; and

          (d) The Administrative Agent shall have received all fees and expenses owing to the
Administrative Agent under the terms of the Loan Documents.

ARTICLE 4

Miscellaneous

     Section 4.1 Ratifications. Each of the Loan Parties agrees that the terms and
provisions of the Credit Agreement and the other Loan Documents are ratified and confirmed and
shall continue in full force and effect after giving effect to this Amendment. Each of the Loan
Parties, the Administrative Agent and the Lenders agrees that the Credit Agreement as amended
hereby and the other Loan Documents shall continue to be legal, valid, binding, and enforceable in
accordance with their respective terms.

     Section 4.2 Representations and Warranties. Each Loan Party hereby represents and
warrants to the Administrative Agent and the Lenders that, as of the date of and after giving
effect to this Amendment, (a) the execution, delivery, and performance of this Amendment and any
and all other documents executed and/or delivered in connection herewith have been authorized by
all requisite action on the part of such Loan Party and will not violate such Loan Party’s
organizational or governing document, (b) the representations and warranties contained in the
Credit Agreement and in the other Loan Documents are true and correct on and as of the date hereof,
in all material respects, as if made again on and as of the date hereof except for such
representations and warranties limited by their terms to a specific date, and (c) after giving
effect to this Amendment, no Default or Event of Default exists.

     Section 4.3 Survival of Representations and Warranties. All representations and
warranties made in this Amendment, the Credit Agreement, or any other Loan Document, including any
other Loan Document furnished in connection with this Amendment, shall survive the execution and
delivery of this Amendment, and no investigation by the Administrative Agent or any Lender, or any
closing, shall affect

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Page 2 of 9

 

 

the representations and warranties or the right of the Administrative Agent and the Lenders to
rely upon them.

     Section 4.4 Reference to Credit Agreement. The Credit Agreement and each of the other
Loan Documents, and any and all other agreements, documents, or instruments now or hereafter
executed and delivered pursuant to the terms hereof or pursuant to the terms of the Credit
Agreement as amended hereby, are hereby amended so that any reference to the Credit Agreement in
such agreements, documents, and instruments, whether direct or indirect, shall be a reference to
the Credit Agreement as amended hereby. When effective pursuant to Section 4.1 hereof,
this Amendment shall be a Loan Document.

     Section 4.5 Severability. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder
of this Amendment and the effect thereof shall be confined to the provision so held to be invalid
or unenforceable.

     Section 4.6 Effect of Amendment. No consent or waiver, express or implied, by the
Administrative Agent or any Lender to or for any breach of or deviation from any covenant,
condition, or duty by any Loan Party shall be deemed a consent or waiver to or of any other breach
of the same or any other covenant, condition, or duty. Each of the Loan Parties (individually, a
“Subject Loan Party”) hereby (a) consents to the execution and delivery of this Amendment
by the other Loan Parties, (b) agrees that this Amendment shall not limit or diminish the
obligations of the Subject Loan Party under its certain Loan Documents delivered in connection with
the Credit Agreement or executed or joined in by the Subject Loan Party and delivered to the
Administrative Agent, (c) reaffirms the Subject Loan Party’s obligations under each of such Loan
Documents, and (d) agrees that each of such Loan Documents remains in full force and effect and is
hereby ratified and confirmed.

     Section 4.7 Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, BUT GIVING EFFECT TO FEDERAL LAW APPLICABLE TO
NATIONAL BANKS.

     Section 4.8 Successors and Assigns. This Amendment is binding upon and shall inure to
the benefit of the Loan Parties, the Administrative Agent and the Lenders and their respective
successors and assigns, except that no Loan Party may assign or transfer any of its respective
rights or obligations hereunder without the prior written consent of the Administrative Agent and
the Lenders.

     Section 4.9 Counterparts. This Amendment may be executed in one or more counterparts,
and on telecopy counterparts, each of which when so executed shall be deemed to be an original, but
all of which when taken together shall constitute one and the same agreement.

     Section 4.10 Headings. The headings, captions, and arrangements used in this
Amendment are for convenience only and shall not affect the interpretation of this Amendment. A
telecopy or other electronic transmission of any executed counterpart shall be deemed valid as an
original.

     Section 4.11 Release. TO INDUCE THE ADMINISTRATIVE AGENT AND THE LENDERS TO AGREE TO
THE TERMS OF THIS AMENDMENT, EACH OF THE LOAN PARTIES REPRESENTS AND WARRANTS THAT AS OF THE DATE
OF THIS AMENDMENT THERE ARE NO CLAIMS OR OFFSETS AGAINST OR DEFENSES OR COUNTERCLAIMS TO SUCH LOAN
PARTY’S OBLIGATIONS UNDER THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS, AND WAIVES ANY AND ALL
SUCH CLAIMS, OFFSETS, DEFENSES, OR COUNTERCLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING PRIOR TO THE
DATE OF THIS AMENDMENT AND RELEASES AND DISCHARGES THE ADMINISTRATIVE AGENT, THE LENDERS AND THEIR
RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS,

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SHAREHOLDERS, AFFILIATES, AND ATTORNEYS (COLLECTIVELY THE “RELEASED PARTIES”) FROM ANY
AND ALL OBLIGATIONS, INDEBTEDNESS, LIABILITIES, CLAIMS, RIGHTS, CAUSES OF ACTION, OR DEMANDS
WHATSOEVER, WHETHER KNOWN OR UNKNOWN, SUSPECTED OR UNSUSPECTED, AT LAW OR IN EQUITY, WHICH SUCH
LOAN PARTY NOW HAS OR MAY HAVE AGAINST ANY RELEASED PARTY ARISING PRIOR TO THE DATE HEREOF AND FROM
OR IN CONNECTION WITH THE CREDIT AGREEMENT, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS
CONTEMPLATED THEREBY.

     Section 4.12 Entire Agreement. THIS AMENDMENT AND ALL OTHER INSTRUMENTS, DOCUMENTS,
AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THIS AMENDMENT EMBODY THE FINAL, ENTIRE
AGREEMENT AMONG THE PARTIES
HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND
UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR
VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE
PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES HERETO.

SIGNATURES FOLLOW

REMAINDER OF PAGE BLANK

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Page 4 of 9

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly
authorized officers in several counterparts effective as of the Effective Date specified in the
preamble hereof.

	 	 	 	 	 
	 	BORROWERS:

A.H. BELO CORPORATION

 	 
	 	By:  	/s/ Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Senior Vice President/Chief Financial Officer 	 
	 
	 	THE DALLAS MORNING NEWS, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	DENTON PUBLISHING COMPANY

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	DFW PRINTING COMPANY, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	DMI ACQUISITION SUB, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Signature Page

 

 

	 	 	 	 	 
	 	PRESS-ENTERPRISE COMPANY

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	THE PROVIDENCE JOURNAL COMPANY

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	OTHER LOAN PARTIES:

A.H. BELO MANAGEMENT SERVICES, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	AL DIA, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	THE BELO COMPANY

 	 
	 	By:  	/s/ Sandra J. Radcliffe
 	 
	 	 	Sandra J. Radcliffe, 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	BELO ENTERPRISES, INC.

 	 
	 	By:  	/s/ Sandra J. Radcliffe
 	 
	 	 	Sandra J. Radcliffe, 	 
	 	 	Treasurer/Assistant Secretary 	 
	 

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Signature Page

 

 

	 	 	 	 	 
	 	BELO INTERACTIVE, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	BELO INVESTMENTS II, INC.

 	 
	 	By:  	/s/ Sandra J. Radcliffe
 	 
	 	 	Sandra J. Radcliffe, 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	BELO TECHNOLOGY ASSETS, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	NEWS-TEXAN, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 
	 	PROVIDENCE HOLDINGS, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	President 	 
	 
	 	TDMN NEW PRODUCTS, INC.

 	 
	 	By:  	/s/Alison K. Engel
 	 
	 	 	Alison K. Engel 	 
	 	 	Treasurer/Assistant Secretary 	 
	 

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Signature Page

 

 

	 	 	 	 	 	 	 	 	 

	 	 	TRUE NORTH REAL ESTATE LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	A. H. Belo Corporation, its the sole member	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/Alison K. Engel
 

Alison K. Engel Senior Vice President/
	 	 
	 

	 	 	 	 	 	Chief Financial Officer	 	 

	 	 	 	 	 	 	 

	 	 	WASHINGTON STREET GARAGE CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/Alison K. Engel
 

Alison K. Engel
	 	 
	 

	 	 	 	Treasurer/Assistant Secretary	 	 

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Signature Page

 

 

	 	 	 	 	 
	 	ADMINISTRATIVE AGENT AND LENDERS: 

JPMORGAN CHASE BANK, N.A.,

individually, as a Lender, Administrative Agent, Issuing 

Bank and Swingline Lender

 	 
	 	By:  	/s/ Jeff A. Tompkins
 	 
	 	 	Name:  	Jeff A. Tompkins 	 
	 	 	Title:  	Vice President 	 
	 
	 	CAPITAL ONE, N.A., as a Lender

 	 
	 	By:  	/s/ Shannan Pratt
 	 
	 	 	Name:  	Shannan Pratt 	 
	 	 	Title:  	Senior Vice President 	 
	 

FOURTH AMENDMENT TO AMENDED AND

RESTATED LOAN AND SECURITY AGREEMENT — Signature Page

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