Document:

exv4w9

 

Exhibit 4.9

EIGHTH AMENDMENT TO

ALION SCIENCE AND TECHNOLOGY CORPORATION

EMPLOYEE OWNERSHIP, SAVINGS AND INVESTMENT PLAN

     WHEREAS, Alion Science and Technology Corporation (the “Company”)
maintains an Employee Ownership, Savings and Investment Plan for the benefit of
its Employees and the Employees of any other Adopting Employer, which Plan was
last amended and restated as of December 19, 2001 (the “Plan”); and

     WHEREAS, under Section 15.1 of the Plan, the Company reserved the right to
amend the Plan at any time, in whole or in part, by action of its Board of
Directors; and

     WHEREAS, the Board of Directors of the Company, pursuant to Section 15.1
of the Plan, has delegated authority to amend the Plan to the undersigned
officer, provided he determines that the amendment would not materially
increase costs of the Plan to the Company or any Adopting Employer; and

     WHEREAS, the Plan has been amended seven times to date; and

     WHEREAS, the undersigned officer has determined that this Eighth Amendment
would not materially increase costs of the Plan to the Company or any Adopting
Employer;

     NOW, THEREFORE, pursuant to the powers of amendment reserved under Section
15.1 of the Plan, the Plan is hereby amended by the Company, effective February
14, 2004, as follows:

ARTICLE V

Section 5.1(d) – Amended by striking the section in its entirety and
substituting in lieu thereof the following:

	 	 	      “Except as otherwise determined by the ESOP Committee or
provided herein, a Participant’s Rollover Contribution Account may
be invested in Common Stock at its then Current Market Value only at
or near the time that the Rollover Contribution is accepted and
received by the ESOP Committee or Trustee, and only if the
Participant is a new Employee or a rehired Employee. Amounts to be
invested in Common Stock will be initially accumulated in a short
term interest fund in the ESOP Component of the Plan, and will be
converted to Common Stock on the semi-annual investment date
coincident with or next following the date of receipt based on the
Current Market Value as of the Valuation Date coincident with such
semi-annual investment date. Amounts not invested in the ESOP
Rollover Account may be invested in accordance with Section 5.1(a).
Amounts held in the ESOP Rollover Account will be subject to the
diversification rules of Section 5.2. Notwithstanding the
foregoing, with respect to new Employees as a result of a merger,
acquisition or consolidation of another entity, where such new
Employee’s Rollover Contribution is received by the Trustee after
the Valuation Date next occurring after such merger, acquisition or
consolidation, the ESOP Committee shall have discretion to decide
that such new Employee’s Rollover Contribution be initially
accumulated in a short term interest fund in the ESOP Component of
the Plan, and converted to Common Stock at the semi-annual
investment date coinciding with or next following the receipt of
such new Employee’s properly completed investment election form,
based on the Current Market Value as of the semi-annual investment
date immediately preceding the date such transferred funds were
received; provided, however, that the foregoing shall apply only if
(i) such new Employee’s

 

 

	 	 	properly completed investment election form is received on or
before the semi-annual investment date immediately preceding the
date such transferred funds were received, and (ii) the funds are
received before the earlier of the date that the Trustee releases
the value of the Common Stock as of the prior Valuation Date or
forty-five (45) days following such Valuation Date.”

Section 5.1(j) – Amended by striking the section in its entirety and
substituting in lieu thereof the following:

	 	 	      “Except as otherwise determined by the ESOP Committee or
provided herein, a Participant’s Account attributable to a direct
transfer in accordance with Section 4.6 may be invested in Common
Stock only at or near the time the direct transfer is accepted and
received by the ESOP Committee or Trustee, and only if the
Participant is a new Employee. Amounts to be invested in Common
Stock will be initially accumulated in a short term interest fund in
the ESOP Component of the Plan, and will be converted to Common
Stock on the semi-annual investment date coincident with or next
following the date of receipt based on the Current Market Value as
of the Valuation Date coincident with such semi-annual investment
date. Amounts not invested in the ESOP Account may be invested in
accordance with Section 5.1(a). Amounts held in the ESOP Account
will be subject to the diversification rules of Section 5.2.
Notwithstanding the foregoing, a Participant’s Account attributable
to the money purchase pension plan account under the Innovative
Technology Solutions 401(k) Profit Sharing Plan & Trust may not be
invested in Common Stock. Also notwithstanding the foregoing, with
respect to new Employees as a result of a merger, acquisition or
consolidation of another entity, where such new Employee’s direct
transfer is received by the Trustee after the Valuation Date next
occurring after such merger, acquisition or consolidation, the ESOP
Committee shall have discretion to decide that such new Employee’s
direct transfer be initially accumulated in a short term interest
fund in the ESOP Component of the Plan, and converted to Common
Stock at the semi-annual investment date coinciding with or next
following the receipt of such new Employee’s properly completed
investment election form, based on the Current Market Value as of
the semi-annual investment date immediately preceding the date such
transferred funds were received; provided, however, that the
foregoing shall apply only if (i) such new Employee’s properly
completed investment election form is received on or before the
semi-annual investment date immediately preceding the date such
transferred funds were received, and (ii) the funds are received
before the earlier of the date that the Trustee releases the value
of the Common Stock as of the prior Valuation Date or forty five
(45) days following such Valuation Date.”

In General

	 	 	      Any provision of the amended and restated Plan, as amended,
inconsistent with the foregoing changes is hereby amended to be
consistent herewith.

     IN WITNESS WHEREOF, Alion Science and Technology Corporation has caused
this Eighth Amendment to the Plan to be executed on its behalf by its duly
authorized officer on this 25th day of March, 2004.

	 	 	 	 	 
	 	 	ALION SCIENCE AND TECHNOLOGY

CORPORATION
	 
	 	 	 	 
	

	 	By:
	 	/s/ Bahman Atefi
	

	 	 	 	
 
	 
	 	 	 	 
	 	 	Name: Bahman Atefi
	 	 	Title: Chief Executive Officer

(Seal)<PAGE>

Exhibit 10.1

                                                                  Execution Copy

         PURCHASE AGREEMENT dated as of March 26, 2004 (this "Agreement")
between (i) TELEX COMMUNICATIONS HOLDINGS, INC., a Delaware corporation (the
"Company"), and (ii) RAYMOND V. MALPOCHER ("Executive").

                                   Witnesseth:

         Whereas, the Company and Executive have entered into an Employment
Agreement dated as of April 14, 2003, as amended (the "Employment Agreement")
pursuant to which Executive would serve as the President and Chief Executive
Officer of the Company; and

         Whereas, pursuant to the Employment Agreement, the Company agreed to
issue to Executive shares of Common Stock and an option to purchase additional
shares of Common Stock; and

         Whereas, the Employment Agreement was assigned by the Company to Telex
Communications, Inc., a Delaware corporation ("Telex"), an indirect,
wholly-owned subsidiary of the Company on November 19, 2003; and

         Whereas, the Company and Executive entered into a Subscription and
Option Agreement (the "Subscription Agreement") dated as of January 14, 2004
pursuant to which (i) the Company sold to the Executive 300,000 shares (the
"Shares")of the Company's common stock, par value $.01 per share ("Common
Stock") and (ii) granted the Executive an option to purchase an additional
100,000 shares of Common Stock, all in accordance with the terms of the
Subscription Agreement; and

         Whereas, the Company desires to repurchase the Shares and cancel the
Subscription Agreement, all on the terms set forth herein.

         Now, therefore, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as follows:

         1.       Repurchase of Shares. Simultaneously with the execution and
delivery of this Agreement, Executive shall sell to the Company, and the Company
shall purchase from Executive, the Shares at a price of $0.30 per Share (the
"Purchase Price"), or $90,000.00 in the aggregate, in cash or by check. The
Company and Executive acknowledge that certificates evidencing the Shares were
never issued to Executive. Accordingly, no certificates shall be issued for the
Shares.

<PAGE>

         2.       Cancellation of Subscription Agreement. Upon the Company's
receipt of the Purchase Price, the Subscription Agreement shall be terminated
and of no further force and effect.

         3.       Further Actions. From time to time, as and when requested by
either party hereto, the other party shall execute and deliver, or cause to be
executed and delivered, such documents and instruments and shall take, or cause
to be taken, such further or other actions as may be deemed necessary or
desirable to carry out the intent and purposes of this Agreement and to
consummate and give effect to, or to evidence, the transactions hereunder and
the provisions of this Agreement.

         4.       Miscellaneous.

                  (a)      This Agreement contains the entire agreement among
the parties to this Agreement with respect to the transactions hereunder and
supersedes all prior arrangements or understandings with respect thereto. For
avoidance of doubt, this Agreement shall not supersede the terms of the
Employment Agreement, which shall remain in effect in accordance with its terms.

                  (b)      The descriptive headings of this Agreement are for
convenience only and shall not control or affect the meaning or construction of
any provision of this Agreement.

                  (c)      All notices or other communications which are
required or permitted under this Agreement shall be in writing and sufficient if
delivered personally or sent by facsimile transmission, internationally
recognized over-night courier or registered or certified mail, postage prepaid,
addressed as follows:

If to the Company:                              with a copy to:

12000 Portland Avenue                           Stroock & Stroock & Lavan LLP
Burnsville, Minnesota 55337                     180 Maiden Lane
Telephone: 952.887.7489                         New York, New York 10038
Facsimile: 952.886.3754                         Telephone: 212.806.5864
Attention: Kristine L. Bruer                    Facsimile: 212.806.6006
           General Counsel                      Attention: Melvin Epstein

If to Executive:

441 Silver Leaf Circle
Trappe, Pennsylvania 19426

Any such notices or communications shall be deemed to have been received: (i) if
delivered personally or sent by facsimile transmission (with transmission
confirmed in a writing) or nationally recognized overnight courier; or (ii) if
sent by registered or certified mail, on the date on which such mailing was
received by the party to whom it was addressed. Any party may by

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<PAGE>

notice as aforesaid change the address to which notices or other communications
to it are to be delivered or mailed.

                  (d)      This Agreement shall be governed by and construed in
accordance with the Laws of the State of Delaware.

                  (e)      Any action, suit or other proceeding initiated by any
party hereto against the others under or in connection with this Agreement may
be brought only in the United States District Court for the District of Delaware
or a Delaware state court located in the City of Wilmington having appropriate
jurisdiction. The parties hereto hereby submit themselves to the jurisdiction of
any such court for the purpose of any such action and agree that service of
process on them in any such action, suit or proceeding may be effected by the
means by which notices are to be given to it under this Agreement.

                  (f)      The parties hereto acknowledge that the award of
damages for any breach of the obligations undertaken by the parties hereto may
be insufficient and inadequate and that the parties hereto shall be entitled to
obtain specific performance of the obligations of the other parties under this
Agreement or other injunctive relief, in addition to damages.

                  (g)      In the event that it shall be necessary for any party
to this Agreement to commence litigation to enforce its rights under this
Agreement, and in the event that it is finally determined by a court of
competent jurisdiction that the party against whom such enforcement is sought is
in material breach of its obligations under this Agreement, then the prevailing
party shall be entitled also to its legal costs in connection with the
enforcement of such rights. In the event that it is finally determined by a
court of competent jurisdiction that the party against whom such enforcement is
sought is not in material breach of its obligations under this Agreement, then
such party shall be entitled to its legal costs in connection with the defense
of the action brought against it.

                  (h)      Neither this Agreement nor any claims or rights under
this Agreement shall be assignable otherwise than by operation of law by any
party without the prior written consent of the other parties, and any purported
assignment by any party without the prior written consent of the other parties
shall be void. This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective successors (whether by merger or
otherwise) and permitted assigns.

                  (i)      Any waiver of any term or condition of this
Agreement, or any amendment or supplementation of this Agreement, shall be
effective only if in writing. A waiver of any breach or failure to enforce any
of the terms or conditions of this Agreement shall not in any way affect, limit
or waive a party's rights under this Agreement at any time to enforce strict
compliance thereafter with every term or condition of this Agreement.

                  (j)      Notwithstanding any other provision of this
Agreement, this Agreement shall not create benefits on behalf of any third party
or any other Person; and this Agreement shall be effective only as among the
parties hereto, their successors and permitted assigns.

                                       3
<PAGE>

                  (k)      In the event that any provision contained in this
Agreement shall be determined to be invalid, illegal or unenforceable in any
respect for any reason, the validity, legality and enforceability of any such
provision in every other respect and the remaining provisions of this Agreement
shall not, at the election of the party for whose benefit the provision exists,
be in any way impaired.

                  (l)      This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, and it shall not be
necessary in making proof of this Agreement or the terms hereof to produce or
account for more than one of such counterparts.

             [The remainder of this page intentionally left blank.]

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<PAGE>

         In witness whereof, the undersigned have executed this Agreement as of
the date first above written.

TELEX COMMUNICATIONS, HOLDINGS, INC.               Executive:

By:__________________________                      _____________________________
    Name:  Gregory Richter                           RAYMOND V. MALPOCHER
    Title:  Chief Financial Officer

                                 SPOUSAL CONSENT

         The undersigned, being the spouse of Raymond V. Malpocher
("Executive"), hereby: (i) consents to the terms and conditions of the Purchase
Agreement dated as of March 26, 2004 (the "Agreement") between Telex
Communications Holdings, Inc. (the "Company") and Executive; (ii) agrees that
all actions taken from time to time by Executive under the Agreement shall be
binding upon the undersigned without the necessity of any consent,
acknowledgment or confirmation by the undersigned; and (iii) acknowledges that
the Company is relying upon the execution by the undersigned of this Spousal
Consent in connection with the execution and performance by the Company of the
Agreement.

         In witness whereof, the undersigned has executed this Spousal Consent
as of ______________, 2004.

                                             Spouse of Executive:

                                             ___________________________________
                                             Suzanne Malpocher

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