Document:

EX-10.46

 Exhibit 10.46 
 CERTIFICATE OF GRANT 
 Deferred Stock Unit Award 

This certifies that the Participant: 
 [•] 
 is entitled to Deferred Stock Units indicated below: 

[•] 
  

							
	Date of Grant:    [•]	 	Participant Account Number:    [•]
	
	Grant Number: [•]

 This Deferred Stock Unit Award is subject to the terms and conditions of the attached Deferred Stock Unit Award
Agreement (the “DSU Agreement”). 

 ARAMARK HOLDINGS CORPORATION

2007 MANAGEMENT STOCK INCENTIVE PLAN
 FORM OF
 DEFERRED STOCK UNIT AWARD AGREEMENT 

THIS AGREEMENT dated as of
                    , 20     (this “Agreement”) between ARAMARK HOLDINGS CORPORATION, a Delaware corporation
(the “Company”), and the Participant set forth on the signature page to this Agreement (the “Participant”). All capitalized terms not defined herein shall have the meaning set forth in the ARAMARK Holdings
Corporation 2007 Management Stock Incentive Plan (the “Plan”). 
 WHEREAS, the Company, acting through
the Committee (as such term is defined in the Plan) with the consent of the Company’s Board of Directors (the “Board”) made an automatic grant, pursuant to resolutions adopted by the Board on
                    , 20     to the Participant on
                    , 20     (the “Grant Date”), under the Plan, an Award of a number of Deferred Stock Units on
the terms and subject to the conditions set forth in this Agreement and the Plan. 
 NOW, THEREFORE, in consideration of
the promises and of the mutual agreements contained in this Agreement, the parties hereto hereby agree as follows: 
  

	 	1.	Grant of DSUs 

 Effective
on the Grant Date, the Company hereby grants the number of deferred stock units (“DSUs”) listed on the attached grant certificate to the Participant, on the terms and conditions hereinafter set forth. This grant is made pursuant to the
terms of the Plan. Capitalized terms not otherwise defined in this Agreement shall have the meaning ascribed to them in the Plan. 
  

	 	2.	Payment of Shares 

 (a)
The Company shall, subject to the remainder of this Agreement, transfer to the Participant a number of Shares equal to the number of DSUs granted to the Participant under this Agreement on the date that is six months and one day after the date on
which the Participant ceases to serve as a member of the Board of Directors of the Company (in whole Shares only with the Participant receiving a cash payment equal to the Fair Market Value of any fractional Share on or about the transfer date).

 (b) In the event of a Change of Control, Shares equal to all outstanding DSUs hereunder shall be distributed to the
Participant immediately prior to the Change of Control; provided that the Committee may determine that, in lieu of Shares and/or fractional Shares, the Participant shall receive a cash payment equal to the Fair Market Value of such Shares (or
fractional Shares, as the case may be) on such date. 
 (c) Upon each transfer of Shares in accordance with Sections 2(a) or
2(b) of this Agreement, DSUs with respect to which Shares have been transferred hereunder shall be extinguished. Prior to delivery of any Shares to the Participant, the Participant shall be required to execute a joinder agreement to become a party
to the Stockholders Agreement, a copy of which is attached hereto as Exhibit A. 

	 	3.	Dividends 

 If on any date
while DSUs are outstanding hereunder the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of DSUs granted to the Participant shall, as of such dividend payment date, be increased by a number of DSUs
equal to: (a) the product of (x) the number of DSUs held by the Participant as of the related dividend record date, multiplied by (y) the per Share amount of any cash dividend (or, in the case of any dividend payable in whole or in
part other than in cash, the per Share value of such dividend, as determined in good faith by the Committee), divided by (b) the Fair Market Value of a Share on the payment date of such dividend. In the case of any dividend declared on Shares
that is payable in the form of Shares, the number of DSUs granted to the Participant shall be increased by a number equal to the product of (I) the aggregate number of DSUs that have been held by the Participant through the related dividend
record date, multiplied by (II) the number of Shares (including any fraction thereof) payable as a dividend on a Share. Shares shall be transferred with respect to all additional DSUs granted pursuant to this Section 3 at the same time as
Shares are transferred with respect to the DSUs to which such additional DSUs were attributable, as set forth in Section 2 above. 
  

	 	4.	Adjustments Upon Certain Events 

 In the event of any event described in Section 7.1 of the Plan, the DSUs shall be adjusted pursuant to the terms thereof; provided that such adjustment shall be consistent with the requirements of
Section 409A of the Code. 
  

	 	5.	No Right to Continued Service as a Director 

 Neither the Plan nor this Agreement shall be construed as giving the Participant the right to continue to serve as a director of the Company. Further, the Company may at any time cease to nominate the
Participant for reelection to the Board of Directors of the Company, free from any liability or any claim under the Plan or these Rules and Procedures, except as otherwise expressly provided herein. 

 

	 	6.	No Acquired Rights 

 In
participating in the Plan, the Participant acknowledges and accepts that the Committee or the Board has the power to amend or terminate the Plan at any time and that the opportunity given to the Participant to participate in the Plan is entirely at
the discretion of the Committee or the Board and does not obligate the Company or any of its Affiliates to offer such participation in the future (whether on the same or different terms). 

 

	 	7.	No Rights of a Shareholder 

The Participant shall not have any rights as a shareholder of the Company until the Shares in question have been registered in the
Company’s register of shareholders. 

	 	8.	Transferability 

 DSUs may
not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance not permitted by this Section 8 shall be void and unenforceable against the Company or any Affiliate. 
  

	 	9.	Choice of Law 

 THE
INTERPRETATION, PERFORMANCE AND ENFORCEMENT OF THE PARTICIPANT’S RIGHTS WITH RESPECT TO THE DSUs SHALL BE GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 

 

	 	10.	DSUs Subject to Plan; Shares Subject to DSUs Subject to Stockholders Agreement 

By accepting the award of DSUs, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and
the Stockholders Agreement. All DSUs are subject to the Plan and all Shares will be issued and held subject to the terms and conditions of the Stockholders Agreement. In the event of a conflict between any term or provision contained herein and a
term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. Notwithstanding the foregoing, for purposes of the Stockholders Agreement, all provisions relating to the Participant’s
“employment” with the Company or any of its Subsidiaries as set forth therein shall be deemed to refer to the Participant’s service as a member of the Board. 

 

	 	11.	Section 409A 

Notwithstanding anything in this Agreement to the contrary, any payments hereunder that would be subject to the additional income tax
imposed by Section 409A of the Internal Revenue Code of 1986, as amended, shall be deferred until the earliest date that such payments may be made without the imposition of such tax. 

IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement as of the date first written above. 

 

			
	ARAMARK HOLDINGS CORPORATION
		
	 By:
	 	  

	
	 PARTICIPANT

		
	 By:
	 	  

		 	 Signature
  

 

		 	Name (Please Print)EX-10.48

 Exhibit 10.48 

SECOND AMENDED AND RESTATED 

ARAMARK 
 2005 DEFERRED
COMPENSATION PLAN 
  

	I.	PURPOSE 

 The Second Amended and Restated ARAMARK 2005 Deferred Compensation Plan (as
amended from time to time and including any predecessor plan(s), the “Plan”) allows eligible executives of the Company and its subsidiaries to defer the payment of their Salary and/or Bonus until a specified date in the future. This
Plan is the successor plan to the Amended and Restated ARAMARK 2005 Deferred Compensation Plan, effective as of August 8, 2007, and the ARAMARK 2005 Deferred Compensation Plan, effective as of January 1, 2005. The second amendment and
restatement is entered into in connection with the assumption by ARAMARK Holdings Corporation of the Plan. The second amendment and restatement is not intended to affect any participant’s rights or accruals under, or prior elections relating
to, such participant’s Deferral Account (as defined below), or such participant’s continued participation in the Plan. The effective date of the second amendment and restatement of the Plan is the Amendment Date. 

 

	II.	DEFINITIONS 

 “Amendment Date” means the date the Pricing Committee of
the Board determines the initial public offering price per share of the common shares of the Company. 
 “Board” means the
Board of Directors of the Company. 
 “Bonus” means amounts that are not salary or wages that are earned by the Executive
from the Company or a subsidiary in the form of an incentive or performance bonus. 
 “Code” means the Internal Revenue Code
of 1986, as amended. 
 “Committee” means the Compensation and Human Resources Committee of the Board or a Sub-Committee (as
defined below) as may be appointed as described below or the Board; provided, however, that the Compensation and Human Resources Committee may also delegate, at any time and from time to time, to any sub-committee of the Compensation and Human
Resources Committee and the Board may also delegate, at any time and from time to time, to any other committee of the Board (in either case which shall consist of one or more members of the Compensation and Human Resources Committee or the Board,
respectively, and may consist solely of the Chief Executive Officer of the Company so long as he or she is a member of the Compensation and Human Resources Committee or the Board, respectively (a “Sub-Committee”), subject to such
guidelines as the Board or the Compensation and Human Resources Committee may establish from time to time, the authority to act on behalf of the Compensation and Human Resources Committee or the Board with respect to any matter, right, obligation or
election that is the responsibility of or that is allocated to the Committee herein. 
 “Company” means ARAMARK Holdings
Corporation, a Delaware corporation. 

 “Deferral Account” means the bookkeeping account pursuant to which the Company
records amounts deferred by the Executive under the Plan. 
 “Effective Date” means January 1, 2005. 

“Executive” means an employee of the Company or any subsidiary who is a member of senior management and is identified as a key
employee. 
 “Plan” means this Second Amended and Restated ARAMARK 2005 Deferred Compensation Plan, as amended from time to
time and including any predecessor plan(s). 
 “Plan Administrator” means the individual(s) appointed by the Committee for
purposes of determining eligibility to make deferrals under the Plan and administering deferral elections under the Plan. 
 “Plan
Year” means the fiscal year of the Company; provided that the period commencing on the Effective Date and ending on October 1, 2005 shall be the initial Plan Year. 

“Salary” means an Executive’s base salary, wages and sales commissions (but excludes bonuses, overtime pay, or incentive
pay) earned by the Executive from the Company or a subsidiary. 
 “Sub-Committee” has the meaning set forth above in the
definition of Committee. 
 “Unforeseeable Emergency” means a severe financial hardship to the Executive resulting from an
illness or accident of the Executive, the Executive’s spouse or a dependent (as defined in Section 152(a) of the Code) of the Executive, loss of the Executive’s property due to casualty or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Executive. 
  

	III.	ELIGIBILITY 

 The Plan Administrator shall determine, in its sole discretion, the
Executives eligible to participate in the Plan for purposes of deferring Salary and/or Bonuses. Notwithstanding the foregoing, each Executive who, immediately prior to the Effective Date, was a participating executive making deferrals under the
ARAMARK 2001 Deferred Compensation Plan, shall be eligible to participate in this Plan on the Effective Date and to make deferrals of Salary and/or Bonus, as applicable, earned in respect of periods on and after the Effective Time. 

 

	IV.	DEFERRAL PROVISIONS 

 Salary and/or Bonuses may be deferred under this Plan pursuant to
rules and procedures established from time to time by the Committee, provided that such rules and procedures meet the applicable requirements under Section 409A of the Code. Such rules and procedures may establish, among other things:
(1) deadlines for filing deferral elections under the Plan, (2) any applicable limits on the amount of Salary and Bonus that may be deferred under the Plan, (3) any applicable limits on the period or length of deferrals,
(4)

  
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any conditions and limitations on changing or revoking deferral elections during a Plan Year, including applicable penalties, and (5) any conditions and limitations on withdrawals and
distributions while the Executive’s deferral election remains in effect. Notwithstanding the foregoing, with respect to Executives who first became eligible to participate in this Plan on the Effective Date as a result of the Executive’s
participation in the ARAMARK 2001 Deferred Compensation Plan, such Executive’s elections under that ARAMARK 2001 Deferred Compensation Plan, as in effect immediately prior to the Effective Date, shall continue to apply under this Plan with
respect to Salary and/or Bonuses, as applicable, earned in respect of periods on and after the Effective Date to the extent consistent with the rules and procedures under the Plan until changed by the Executive in accordance with the terms and
conditions of this Plan. 
  

	V.	EARNINGS ON DEFERRAL ACCOUNTS 

 Deferral Accounts shall be credited with earnings,
losses, interest, or other forms of investment return pursuant to rules and procedures adopted by the Committee, in its sole discretion. Deferrals shall be deemed to begin to accrue earnings as of the date they would otherwise have been paid to the
Executive. 
  

	VI.	PAYMENT PROVISIONS 

 Payment of deferrals shall be made pursuant to rules and procedures
established from time to time by the Committee. 
  

	VII.	HARDSHIP WITHDRAWALS 

 The Committee may establish rules and procedures permitting
Executives to withdraw all or a portion of the amount then credited to the Executive’s Deferral Account solely due to the Unforeseeable Emergency, to the extent permitted under Section 409A(a)(2)(B)(ii) of the Code, if approved by the
Committee in its sole discretion. The amounts distributed due to an Unforeseeable Emergency cannot exceed the amounts necessary to satisfy such emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution,
after taking into account the extent to which such emergency is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Executive’s assets (to the extent the liquidation of such assets would
not itself cause severe financial hardship). The Committee may delegate responsibility for administering and reviewing hardship withdrawal requests to one or more individuals. 

 

	VIII.	NO ASSIGNMENT OR ALIENATION OF BENEFITS 

 Except as hereinafter provided, amounts
deferred under this Plan may not be voluntarily or involuntarily assigned, pledged, or alienated. Unless required by law, no execution or attachment of any amount that becomes payable pursuant to any provision of this Plan shall be valid or
recognized by the Company. 

  
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	IX.	NO RIGHT TO COMPANY ASSETS 

 Amounts credited to the Executive’s Deferral Account
will not be held by the Company in trust, escrow, or similar fiduciary capacity, and benefits paid under the Plan shall be paid from general funds of the Company. Neither the Executive, a beneficiary, nor any legal representative will have any right
against the Company with respect to any portion of the Deferral Account or any assets of the Company or any subsidiary, except as a general, unsecured creditor of the Company. 

 

	X.	ADMINISTRATION 

 A. The Committee shall administer the Plan and shall be the sole
interpreter and arbiter of this Plan; provided, however, that the Committee may delegate to other persons such of its functions as it deems appropriate. The Committee has the right to amend the Plan’s provisions at any time, provided that such
amendments do not (1) decrease the balance of the Executive’s Deferral Account at the time of such amendment, or (2) retroactively decrease the applicable rate of interest, earnings or other investment return prior to the time of such
amendment. The individuals serving on the Committee shall be indemnified and held harmless by the Company from any and all liability, costs, and expenses, arising out of any action taken by any member with respect to the Plan to the maximum extent
permitted by law. 
 B. Deferral forms, payment elections and other forms utilized under the Plan shall be in the form approved by the
Executive Vice President, Human Resources. 
 C. The Board may at any time amend or terminate the Plan as to all or any group of
Executives. If the Plan is terminated, the affected Executive’s Deferral Account will be distributed over the period elected by the Executive. 
  

	XI.	MISCELLANEOUS 

 A. The rights and obligations of the Company and its subsidiaries under
this Plan shall be binding on their successors and assigns. 
 B. This Plan shall not confer upon any person any right to be continued
in the employment of the Company or any subsidiary. 
 C. In the event any provision of the Plan is held invalid, void or
unenforceable, the same shall not affect, in any respect, the validity of the other provisions of the Plan. 
 D. The Company is
authorized to withhold amounts necessary to satisfy any federal, state or local tax withholding requirements and social security or other employee tax requirements applicable with respect to the deferral or payment of amounts hereunder. 

E. This Plan is intended to comply with Section 409A of the Code and will be interpreted in a manner intended to comply with
Section 409A of the Code. In furtherance thereof, no payments may be accelerated under the Plan other than to the extent permitted under Section 409A of the Code. To the extent that any provision of the Plan violates

  
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Section 409A of the Code such that amounts would be taxable to an Executive prior to payment or would otherwise subject an Executive to a penalty tax under Section 409A, such provision
shall be automatically reformed or stricken to preserve the intent hereof. Notwithstanding anything herein to the contrary, (i) if at the time of an Executive’s separation from service with the Company the Executive is a “specified
employee” as defined in Section 409A of the Code (and any related regulations or other pronouncements thereunder) and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation
from service is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company shall defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in
such payments or benefits ultimately paid or provided to the Executive) until the date that is six months following the Executive’s separation from service (or the earliest date as is permitted under Section 409A of the Code) and
(ii) if any other payments due to an Executive hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment
compliant under Section 409A of the Code, or otherwise such payment shall be restructured, to the extent possible, in a manner, determined by the Committee, that does not cause such an accelerated or additional tax. The Committee shall
implement the provisions of this Section XI(E) in good faith; provided that neither the Company, the Committee, nor any of the Company’s or its subsidiaries’ employees or representatives shall have any liability to Executives with respect
to this Section XI(E). 
 F. The Plan is intended to be an unfunded plan maintained primarily to provide deferred compensation
benefits for a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA and therefore to be exempt from Parts 2, 3 and 4 of Title I of ERISA. 

G. The Plan shall be governed and construed in accordance with the laws of the state of New York, without regard to conflicts of law
provisions thereof, except to the extent pre-empted by ERISA. 

  
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