Document:

exv10w1

 

Exhibit 10.1

AMENDMENT

TO

CERTEGY INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

     THIS
AMENDMENT is made this 31st day of December, 2007, by Fidelity
National Information Services, Inc. (f/k/a CERTEGY INC.) (the “Company”);

W I T N E S S E T H:

     WHEREAS, the Company established the Certegy Inc. Supplemental Executive Retirement Plan
effective as of November 5, 2003 (the “Plan”); and

     WHEREAS, the Company now desires to amend the Plan to freeze all benefit accruals as of
December 31, 2007, to provide that there no new Participants shall be eligible to participate in
the Plan after December 31, 2007, to comply with the requirements of Section 409A of the Internal
Revenue Code of 1986, as amended, to provide an in-service payment option, and otherwise as
hereinafter provided.

     NOW, THEREFORE, the Plan is hereby amended, as follows:

1.

     The Plan is hereby amended to provide that (i) no new Participants shall be eligible to
participate in the Plan after December 31, 2007, (ii) each current Participant’s Accrued Benefit
under the Plan shall be frozen as of the close of business on December 31, 2007, and (iii) no
Participant shall accrue any additional benefits under the Plan after the close of business on
December 31, 2007.

2.

     Section 1.1 of the Plan is hereby amended by adding the following as a new Section (hh):

     “(hh) Section 409A: Section 409A of the Internal Revenue Code of 1986, as amended,
and the regulations and other applicable guidance promulgated thereunder.”

3.

     Article III of the Plan is hereby amended by adding the following as a new Section 3.10:

     “3.10 In-Service Payment Date: Irrespective of the other Sections of this Article
III, a Participant may irrevocably elect on or before December 31, 2007, in accordance with

1

 

procedures established by the Administrator, to receive his Accrued Benefit while still employed by
the Company, payable in a lump sum on a specified date. The amount of the lump sum payment will be
calculated in accordance with Section 3.8(c) subject to reduction as provided in Section 3.9 using
the specified in-service payment date as the date of termination of employment and the payment
commencement date wherever applicable. The lump sum payment shall be made on the specified
in-service payment date or, if a delay is necessary to calculate the Accrued Benefit, the amount of
the lump sum, or the amount of the offset under Section 3.9 of the Plan, on a date no later than 15
days after the specified in-service payment date.”

4.

     Article III of the Plan is hereby further amended by adding the following as a new Section
3.11:

     “3.11 Six-Month Delay for Specified Employees. Notwithstanding the other provisions
of this Plan, in the event a Participant who is a “specified employee” (as determined by the
Administrator in accordance with procedures that are consistent with Section 409A) becomes entitled
to payments upon Retirement or any other termination of employment that are subject to Section
409A, such payments shall not commence until the first business day following the date 6 months
after such Participant incurs a “separation from service” (as determined by the Administrator in
accordance with procedures that are consistent with Section 409A) and, on such date, the payments
that would have been made during such six-month period shall be made.”

5.

     This Amendment shall be effective as of the date it is executed subject to any later effective
date specifically identified above. Except as hereby modified, the Plan shall remain in full force
and effect.

     IN WITNESS WHEREOF, the Company has executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	Fidelity National Information
Services, Inc.

(f/k/a CERTEGY INC.)
 	 
	 	By:  	/s/
Jeffrey S. Carbiener	 
	 	 	Name:  	Jeffrey S. Carbiener	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer	 
	 

2exv10w2

 

Exhibit 10.2

CERTEGY INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

          PAYMENT ELECTION FORM          

          This Payment Election Form will enable you to elect how you want your Accrued Benefit under
the Certegy Inc. Supplemental Executive Retirement Plan (the “Plan”) to be paid to you. This
election form must be completed and returned to Todd Johnson no later than December 31, 2007 and
will supersede and replace any prior elections you may have made under the Plan.

          If you have questions concerning the payment arrangements under the Plan, please contact Todd
Johnson.

	I.	 	PARTICIPANT NAME: LEE KENNEDY
	 
	II.	 	PAYMENT ELECTION

          Please indicate below how you want your Accrued Benefit to be paid. Since you have already
reached your Early Retirement Date, you may elect to have your Accrued Benefit paid in a lump sum
on a specified date while you are still employed or you may elect from several alternative forms of
payments if you terminate employment before your specified in-service payment date. Please note
that this election is irrevocable and may not be changed after December 31, 2007.

          In-Service Payment Date

          x Election of In-Service Payment Date. I hereby elect to receive my Accrued Benefit
in a lump sum if I am still employed with the Company on January 31, 2008 (insert a
specific date no earlier than January 1, 2008). Please note that the payment may be delayed by up
to 15 days if necessary for administrative reasons.

          Payment after Retirement. If I have not elected an in-service payment date or I
terminate employment prior to my selected in-service payment date, I hereby elect to receive my
Accrued Benefit in the following form commencing the first day of the month following the date my
employment terminates (subject to a 6-month delay for any amounts subject to Section 409A as
provided in the Plan if I am a “specified employee” at the time of termination):

          o Normal Form. A monthly, single life annuity if I am not married at the time of my
Retirement and a joint and 50% survivor annuity if I am married at the time of my Retirement.

          x Lump Sum.

          o Ten Years Certain and Life Annuity Option. Monthly payments for my life with 120
payments guaranteed.

          o Joint and Survivor Annuity. Monthly payments for my life with payments continuing
after my death to my Beneficiary in an amount equal to (select one) o 25%, o 50%, o 75% or
o 100% of the monthly payment I was receiving before my death.

Page 1 of 2

 

	III.	 	CONSENT OF ELIGIBLE SPOUSE AND SIGNATURES

	 	 	 	 	 	 
	 
	 	 	 	 
	December 31, 2007

	 	/s/ LEE A. KENNEDY	 	 
	 

	 	 	 	 
	Date

	 	Participant’s Signature	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	I am the spouse of the Participant and consent to
the Participant’s election above of a form of
benefit other than the normal form of a joint and
survivor annuity.
	 
	 	 	 	 
	 
	 	 	 	 
	December 31, 2007

	 	/s/ PAMELA J. KENNEDY	 	 
	 

	 	 	 	 
	Date

	 	Signature of Participant’s Spouse	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Received By Company:

	 	/s/ TODD C. JOHNSON
	 	December 31, 2007
	 

	 	 
	 	 
	 

	 	Signature
	 	Date

Page 2 of 2SEVENTH MODIFICATION OF LOAN DOCUMENTS

       

      DATED AS OF DECEMBER 26, 2007

       

      by and among 

       

      Lawson Products, Inc., a Delaware Corporation

       

      AND

       

      LASALLE BANK NATIONAL ASSOCIATION

       

       

       

       

       

       

       

      

      	
                   
 	
                   
 	
                   
 

      

       

       

      
      

      

      

       

      

      	
                   
 	
                  SEVENTH MODIFICATION OF LOAN DOCUMENTS
 

      

       

      THIS SEVENTH MODIFICATION OF LOAN DOCUMENTS (this "Modification") is made as of the 26th day of December 2007, by and among Lawson Products, Inc., a Delaware Corporation (“Lawson”), with its principal place of business and chief executive office at 1666 E. Touhy Ave., Des Plaines, Illinois, 60018, various Subsidiaries of Lawson listed on Schedule 6.12 to the Credit Agreement (Lawson and the Subsidiaries may be referred to herein collectively as the "Borrower") and LASALLE BANK NATIONAL ASSOCIATION, a national banking association, its successors and assigns ("Lender").

       

      

      	
                   
 	
                  R E C I T A L S:
 

      

       

      A.           Lender has heretofore made a loan ("Loan") to Borrower in the principal amount of Fifty Million and no/100 Dollars ($50,000,000) pursuant to the terms and conditions of a Credit Agreement dated as of March 27, 2001 between Borrower and Lender, (the "Credit Agreement", all terms not otherwise defined herein shall have the meanings set forth in the Credit Agreement, as amended), and as evidenced by a Promissory Note dated March 27, 2001, in the principal amount of the Loan made payable by Borrower to the order of Lender ("Note").

       

      B.           The Credit Agreement was amended (i) as of August 12, 2002 to, among other things, add a letter of credit subfacility; (ii) as of July 11, 2003 to, among other things, increase the availability under the letter of credit subfacility; (iii) as of May 31, 2005 to, among other things, increase the Maximum Facility, (iv) as of November 30, 2006 to, among other things, modify the interest rate to be charged on the facility; (v) as of January 31, 2007 to, among other things, acknowledge Lawson’s liquidation and dissolution Assembly Component Systems, Limited, a United Kingdom corporation (“ACSL”), a Subsidiary of Lawson, and therefore release ACSL from the facility; and (vi) as of June 21, 2007 to, among other things, increase the letter of credit
      subfacility and modify certain financial covenants.

       

      C.           Borrower has requested that the Credit Agreement be further modified in order to increase certain subfacilities, and the Lender has agreed modify those subfacilities upon the terms and conditions hereinafter set forth.

       

      

      	
                   
 	
                  AGREEMENTS:
 

      

       

      NOW, THEREFORE, in consideration of (i) the facts set forth hereinabove (which are hereby incorporated into and made a part of this Modification with the intent that Lender may rely upon the matters therein recited as representations and warranties of Borrower), (ii) the agreements by Lender to modify the Loan Documents, as provided herein, (iii) the covenants and agreements contained herein, and (iv) for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

       

      

      	
                   
 	
                   
 	
                   
 

      

       

       

      
      

      

      

      
      

      1.            Modification to the Loan Agreement Definitions.  Section 1.1 of the Credit Agreement is hereby amended by amending and restating the definitions of “Maximum Commercial Card Obligation” and “Maximum Letter of Credit Obligation”:

       

      “Maximum Letter of Credit Obligation” shall mean Ten Million and no/100 Dollars ($10,000,000).

       

      “Maximum Commercial Card Obligation” shall mean Bank Product Obligations incurred with respect to purchase cards pursuant to Master Commercial Card Agreement (as hereinafter defined), not to exceed at any, time Seven Hundred Thousand and no/100 Dollars ($700,000).

       

      2.            Modification certain financial covenants.  Borrower has accrued during Fiscal Year 2007 severance to one or more of the Borrower’s former management executives in the approximate aggregate amount of $11,071,000 (the “Severance Obligations”).  For purposes of calculating Fixed Charge Coverage Covenant set forth in Section 8.13(C) of the Agreement, and Total Debt to consolidated EBITDA set forth in Section 8.13(G) of the Agreement, the Severance Obligations accrued in any Fiscal Quarter during Fiscal Year 2007 shall not be classified as a reduction to EBITDA for the applicable measurement period for such Fiscal Quarter.  After all Fiscal Year 2007 Fiscal Quarters have, on a rolling Fiscal Quarter basis,
      ceased being a part of the financial covenants described above, this modification to EBITDA shall be of no force or effect.

       

      3.            Representations and Warranties of Borrower.  Borrower hereby represents, covenants and warrants to Lender as follows:

       

      (a)          The representations and warranties in the Credit Agreement, and the other Loan Documents are true and correct as of the date hereof. 

       

      (b)          There is currently no Default under the Note, the Credit Agreement or the other Loan Documents and Borrower does not know of any event or circumstance which would constitute a Default under the Note, the Credit Agreement or the other Loan Documents. 

       

      (c)          The Loan Documents are in full force and effect and, following the execution and delivery of this Modification, they continue to be the legal, valid and binding obligations of Borrower enforceable in accordance with their respective terms, subject to limitations imposed by general principles of equity.

       

      (d)          There has been no material adverse change in the financial condition of Borrower or any other party whose financial statement has been delivered to Lender in connection with the Loan from the date of the most recent financial statement received by Lender.

       

      2

       

      
      

      

      

      (e)          As of the date hereof, Borrower has no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein.

       

      (f)           Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Modification and to perform the Loan Documents as modified herein.  The execution and delivery of this Modification and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower.  This Modification has been duly executed and delivered on behalf of Borrower.

       

      4.           Conditions Precedent. The agreement of Lender to amend the Loan Documents as set forth herein is subject to the following conditions precedent:

       

      (a)          Lender shall have received this Modification duly executed by an authorized individual for each entity that is a party hereto.

       

      (b)          Lender shall have received resolutions of each Borrower approving the execution of this Modification in form and content acceptable to Lender.

       

      (c)          Borrower shall pay all out-of-pocket costs and expenses incurred by Lender in connection with this Modification, including, without limitation, title charges, recording fees, appraisal fees and attorneys' fees and expenses.

       

      (d)          Lender shall have received such other documents as may be reasonably requested by Lender or its counsel.

       

      

      	
                   
 	
                  5.
 	
                  Miscellaneous.
 

      

       

      (a)          This Modification shall be governed by and construed in accordance with the laws of the State of Illinois.

       

      (b)          This Modification shall not be construed more strictly against Lender than against Borrower merely by virtue of the fact that the same has been prepared by counsel for Lender, it being recognized that Borrower and Lender have contributed substantially and materially to the preparation of this Modification, and Borrower and Lender each acknowledges and waives any claim contesting the existence and the adequacy of the consideration given by the other in entering into this Modification.  Each of the parties to this Modification represents that it has been advised by its respective counsel of the legal and practical effect of this Modification, and recognizes that it is executing and delivering this Modification, intending thereby to be legally bound by the terms and provisions thereof, of
      its own free will, without promises or threats or the exertion of duress upon it.  The signatories hereto state that they have read and understand this Modification, that they intend to be legally bound by it and that they expressly warrant and represent that they are duly authorized and empowered to execute it.

       

      3

       

      
      

      

      

      (c)          Notwithstanding the execution of this Modification by Lender, the same shall not be deemed to constitute Lender a venturer or partner of or in any way associated with Borrower nor shall privity of contract be presumed to have been established with any third party.

       

      (d)          Borrower and Lender each acknowledges that there are no other understandings, agreements or representations, either oral or written, express or implied, that are not embodied in the Loan Documents and this Modification, which collectively represent a complete integration of all prior and contemporaneous agreements and understandings of Borrower and Lender; and that all such prior understandings, agreements and representations are hereby modified as set forth in this Modification.  Except as expressly modified hereby, the terms of the Loan Documents are and remain unmodified and in full force and effect.

       

      (e)          This Modification shall bind and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns.

       

      (f)           Any references to the "Note", the “Credit Agreement,” or the "Loan Documents" contained in any of the Loan Documents shall be deemed to refer to the Note, Credit Agreement and the other Loan Documents as amended hereby.  The paragraph and section headings used herein are for convenience only and shall not limit the substantive provisions hereof.  All words herein which are expressed in the neuter gender shall be deemed to include the masculine, feminine and neuter genders.  Any word herein which is expressed in the singular or plural shall be deemed, whenever appropriate in the context, to include the plural and the singular.

       

      (g)          This Modification may be executed in one or more counterparts, all of which, when taken together, shall constitute one original Agreement.

       

      (h)          Time is of the essence of each of Borrower's obligations under this Modification.

       

      (i)           Customer Identification - USA Patriot Act Notice.  The Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56, signed into law October 26, 2001) (the “Act”), and the Lender’s policies and practices, the Lender is required to obtain, verify and record certain information and documentation that identifies the Borrower, which information includes the name and address of the Borrower and such other information that will allow the Lender to identify the Borrower in accordance with the Act.

       

      (Signature Page Follows)

       

      4

       

      
      

      

      

      IN WITNESS WHEREOF, the parties hereto have executed this Modification dated as of the day and year first above written

      LASALLE BANK NATIONAL ASSOCIATION (as Lender)

       

      By: /s/ Michael Vrchota

      Michael Vrchota

      

      	
                  Its:
 	
                  Senior Vice President
 

      

       

      LAWSON PRODUCTS, INC., a Delaware Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LAWSON PRODUCTS, INC., a Georgia Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LAWSON PRODUCTS, INC., a New Jersey Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LAWSON PRODUCTS, INC., a Nevada Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

       

       

      LAWSON PRODUCTS, INC., a Texas corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LAWSON PRODUCTS, INC., a Canadian Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LP SERVICE CO., an Illinois Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LPI HOLDINGS, INC., an Illinois Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      CRONATRON WELDING SYSTEMS, INC., a North Carolina Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

       

      

      	
                   
 	
                  Signature Page to Seventh Modification of Loan Documents
 	
                   
 

      

       

       

      
      

      

      

      DRUMMOND AMERICAN Corporation, an Illinois Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      ASSEMBLY COMPONENT SYSTEMS, INC., an Illinois Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      AUTOMATIC SCREW MACHINE PRODUCTS COMPANY, INC., an Alabama Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      C.B. LYNN COMPANY, an Illinois Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

      LP INDUSTRIAL PRODUCTS COMPANY, an Illinois Corporation (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

       

       

       

      LAWSON PRODUCTS DE MEXICO, S.A. DE C.V. (as Borrower)

       

      By: /s/ Thomas Neri

      Thomas Neri

      

      	
                  Its:
 	
                  Chief Executive Officer
 

      

       

       

       

       

      

      	
                   
 	
                  Signature Page to Seventh Modification of Loan Documents

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