Document:

EX-10.2

 Exhibit 10.2 

PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT 

Non-transferable 
 GRANT TO

 GRANTEE 

(“Grantee”) 
 by
Genuine Parts Company (the “Company”) of 
 [            ]
Performance Restricted Stock Units 
 convertible into shares of its Stock, par value $1.00 per share (the “Units”). 

pursuant to and subject to the provisions of the Genuine Parts Company 2006 Long-Term Incentive Plan (the “Plan”) and to the terms and conditions
set forth on the following page (the “Terms and Conditions”). 
 Unless accelerated in accordance with the Plan or in the discretion of the
Committee, the Units will be earned on December 31, 20xx in accordance with the following schedule: 
  

							
	 Actual Pre-Tax Profit

as a Percent of Target*
	 	Actual Pre-Tax Profit*	 	Actual Units Earned**	 	Percent of Units Earned**
	 less than 90%
	 	$XX,XXX,XXX	 	0	 	0%
	 90%
	 	$XX,XXX,XXX	 	X,XXX	 	50%
	 100%
	 	$XX,XXX,XXX	 	X,XXX	 	100%
	 110%
	 	$XX,XXX,XXX	 	X,XXX	 	150%

 * Pre-tax profit target for the year ending December 31, 20xx is $XX,XXX,XXX 

**Straight line interpolation is used to determine percent of Units earned when actual level is between two points. 

IN WITNESS WHEREOF, Genuine Parts Company has caused this Agreement to be executed as of the Grant Date, as indicated below. 

 

			
	GENUINE PARTS COMPANY
		
	By:	 	 
		 	 Carol B. Yancey

Exec. Vice President, CFO and Corporate Secretary

	
	Grant Date:                    
	
	Accepted by
Grantee:                                       
                          

 TERMS AND CONDITIONS 

1. Grant of Units. Genuine Parts Company (the “Company”) hereby grants to the Grantee named on page 1 hereof (“Grantee”), subject
to the restrictions and the other terms and conditions set forth in the Genuine Parts Company 2006 Long-Term Incentive Plan (the “Plan”) and in this award agreement (this “Agreement”), the right to earn on December 31, 20xx,
the number of restricted stock units indicated on page 1 hereof which, if and to the extent earned (the “Units”), will represent the right to receive an equal number of shares of the Company’s $1.00 par value Stock (“Stock”)
on the terms set forth in this Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan. 

2. Vesting of Units. The Units will be credited to a bookkeeping account on behalf of Grantee. The Units will vest and become non-forfeitable on the
earliest to occur of the following (the “Vesting Date”): 
  

	 	(a)	December 1, 20xx, 

	 	(b)	The date of Grantee’s Retirement* after December 31, 20xx, or 

	 	(c)	The date of Grantee’s termination of employment due to death or Disability, or 

	 	(d)	The effective date of a Change in Control. 

 If Grantee’s employment terminates prior to the Vesting Date
for any reason other than as described in (b) or (c) above, Grantee shall forfeit all right, title and interest in and to the then unvested Units as of the date of such termination and the unvested Units will be reconveyed to the Company
without further consideration or any act or action by Grantee. 
 3. Conversion to Stock. Unless the Units are forfeited prior to the Vesting Date as
provided in Section 2 above, the Units will be converted to actual shares of Stock on the earlier of the effective date of a Change in Control or December 1, 20xx (the “Conversion Date”). The conversion of Units into shares of
Stock will be registered at the Company’s transfer agent (Computershare) on the books of the Company in Grantee’s name as of the Conversion Date and the Grantee will be notified as soon as practical thereafter. 

4. Limitation of Rights. The Units do not confer to Grantee or Grantee’s beneficiary any rights of a shareholder of the Company unless and until
Shares are in fact issued to such person in connection with the Units. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any affiliate to terminate Grantee’s service at any time, nor confer upon
Grantee any right to continue in the service of the Company or any affiliate. 
 5. Dividend Equivalents. If any dividends or other distributions are
paid with respect to the Company’s Stock while the earned Units are outstanding, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of Stock then underlying the Units shall be
converted into additional Units in Grantee’s name, based on the Fair Market Value of the Stock as of the date such dividends or distributions were payable, and such additional Units shall be subject to the same forfeiture and transfer
restrictions and deferral terms as apply to the Units with respect to which they relate. Upon conversion of the Units into shares of Stock at the Conversion Date or any applicable deferral termination date, Grantee will obtain full voting and other
rights as a shareholder of the Company. 
 6. Restrictions on Transfer. No right or interest of Grantee in the Units may be pledged, encumbered, or
hypothecated to or in favor of any party other than the Company or an affiliate, or shall be subject to any lien, obligation, or liability of Grantee to any other party other than the Company or an affiliate. The Units are not assignable or
transferable by Grantee other than by will or the laws of descent and distribution; provided, however, that the Committee may (but need not) permit other transfers as permitted under the terms of the Plan. 

7. Payment of Taxes. Where applicable, Grantee will pay to the Company or make other arrangements satisfactory to the Company regarding payment of, any
federal, state and local taxes of any kind (including social insurance contributions, payroll taxes and other related taxes, if any) required by law to be withheld with respect to such amount. The obligations of the Company under this Agreement will
be conditional on such payment or arrangements, and the Company, and, where applicable, its subsidiaries will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee. 

8. Amendment. The Committee may amend, modify or terminate this Agreement without approval of Grantee; provided, however, that such amendment,
modification or termination shall not, without Grantee’s consent, reduce or diminish the value of this award determined as if it had been fully vested (i.e., as if all restrictions on the Units hereunder had expired) on the date of such
amendment or termination. 
 9. Plan Controls. The terms contained in the Plan are incorporated into and made a part of this Agreement and this
Agreement shall be governed by and construed in accordance with the Plan. In the event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall be controlling and
determinative. 
 10. Successors. This Agreement shall be binding upon any successor of the Company, in accordance with the terms of this Agreement
and the Plan. 
 11. Severability. If any one or more of the provisions contained in this Agreement are invalid, illegal or unenforceable, the other
provisions of this Agreement will be construed and enforced as if the invalid, illegal or unenforceable provision had never been included. 
 12.
Notice. Notices and communications under this Agreement must be in writing and either personally delivered or sent by registered or certified United States mail, return receipt requested, postage prepaid. Notices to the Company must be
addressed to: 
 Genuine Parts Company 
 2999 Circle 75 Parkway

 Atlanta, Georgia 30339 
 Attn: Secretary 

or any other address designated by the Company in a written notice to Grantee. Notices to Grantee will be directed to the address of Grantee then currently on
file with the Company, or at any other address given by Grantee in a written notice to the Company. 
 *Grantee must have attained the age of 65 to qualify
for retirement provisionEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

FOURTH AMENDMENT 
 TO 

INTERNATIONAL LETTER OF CREDIT AGREEMENT 

THIS FOURTH AMENDMENT TO INTERNATIONAL LETTER OF CREDIT AGREEMENT is dated as of August 30, 2013 (this “Fourth
Amendment”), and entered into among GREAT LAKES DREDGE & DOCK CORPORATION, a Delaware corporation (the “Borrower”), GREAT LAKES DREDGE & DOCK COMPANY, LLC, a Delaware limited liability company (the
“Guarantor”), and WELLS FARGO BANK, N.A., successor by merger to WELLS FARGO HSBC TRADE BANK, N.A. (the “Bank”). 

BACKGROUND: 
 A. The Borrower,
the Guarantor and Bank entered into an International Letter of Credit Agreement, dated as of September 29, 2006 (as amended through the date hereof and as it may be further amended, modified or supplemented, the “Agreement”).
Unless specifically defined or redefined below, capitalized terms used herein shall have the meanings ascribed thereto in the Agreement. 

B. The Borrower has requested an extension of the Final Disbursement Date and the Maturity Date. 

C. The Bank hereby agrees to extend the Final Disbursement Date and the Maturity Date, subject to the terms and conditions set forth herein.

 NOW, THEREFORE, in consideration of the covenants, conditions and agreements hereafter set forth, and for other good and valuable
consideration, the receipt and adequacy of which are all hereby acknowledged, the Borrower, the Guarantor and the Bank covenant and agree as follows: 

SECTION 1. AMENDMENTS. 

(a) Amendment to Section 4.1. Section 4.1 of the Agreement is amended and restated to read as follows: 

Facility Fee. The Borrower shall pay to the Bank (i) on September 12, 2013, for the period from
August 30, 2013 to the next Loan Facility Anniversary Date, a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage, and (ii) on each Loan Facility
Anniversary Date (other than the Maturity Date), a non-refundable facility fee in an amount equal to the product of (x) the Commitment and (y) the Annual Facility Fee Percentage, prorated to the Maturity Date in the case of the final Loan
Facility Anniversary Date prior to the Maturity Date. 

 (b) Amendments to Exhibit “A” of the Agreement. The following definitions
in Exhibit “A” of the Agreement are amended and restated in their entireties to read as follows: 
 “Annual Facility
Fee Percentage” shall mean 1.75%. 
 “Borrower Agreement” shall mean the Borrower Agreement dated as of
August 29, 2013, executed by the Borrower and the Bank, as amended, restated, replaced, supplemented or otherwise modified from time to time. 

“Fast Track Borrower Supplement” shall mean the Fast Track Borrower Agreement Supplement executed by the Borrower as of
August 29, 2013, as the same may be amended, restated, modified or supplemented from time to time. 
 “Loan Authorization
Agreement” shall mean the Loan Authorization Agreement executed by the Borrower as of August 29, 2013, as the same may be amended, restated, replaced, modified or supplemented from time to time. 

“Loan Facility Anniversary Date” shall mean each one (1) year anniversary of August 30, 2013. 

“Maturity Date” shall mean June 12, 2015. 

SECTION 2. REPRESENTATIONS AND WARRANTIES TRUE; NO EVENT OF DEFAULT. By its execution and delivery hereof, the Borrower represents and
warrants that, as of the date hereof: 
 (a) (i) the Borrower has all requisite power and authority to execute and deliver this
Fourth Amendment, (ii) this Fourth Amendment has been duly executed and delivered by the Borrower, and (iii) this Fourth Amendment and the Agreement, as amended hereby, constitute valid and legally binding obligations of the Borrower,
enforceable against the Borrower in accordance with their respective terms, except as limited by Debtor Laws; 
 (b) there exists no Event of
Default or Default under the Agreement both before and after giving effect to this Fourth Amendment; 
 (c) the representations and
warranties set forth in the Agreement and other International Loan Documents are true and correct in all material respects on the date hereof both before and after giving effect to this Fourth Amendment, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; 

  
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 (d) the Agreement, as amended hereby, and the other International Loan Documents remain in full
force and effect; and 
 (e) neither the execution, delivery and performance of this Fourth Amendment or the Agreement, as amended hereby,
nor the consummation of any transactions contemplated herein or therein, will (a) contravene the terms of the Organization Documents of the Borrower, (b) violate any Governmental Requirement or (c) conflict with any Obligation to
which the Borrower is a party; except in the case of clauses (b) and (c) above to the extent that such conflict could not reasonably be expected to have a Material Adverse Effect. 

SECTION 3. CONDITIONS TO EFFECTIVENESS. All provisions of this Fourth Amendment shall be effective upon receipt by the Bank of the
following: 
 (a) This Fourth Amendment duly executed by the Borrower, the Guarantor and the Bank; 

(b) Secretary’s Certificate of Borrower duly executed by the Borrower, in form and substance satisfactory to Bank; 

(c) Secretary’s Certificate of Guarantor duly executed by the Guarantor, in form and substance satisfactory to Bank; 

(d) Acknowledgement of Country Limitation Schedule duly executed by the Borrower; 

(e) Executed copies of the Borrower Agreement and Fast Track Borrower Supplement; 

(f) Approval letter from Ex-Im Bank; 

(g) Payment by the Borrower of the facility fee pursuant to Section 4.1 of the Agreement; and 

(h) Executed Ex-Im Bank Loan Application. 
 In
addition, the Bank will provide to Ex-Im Bank a new Loan Authorization Agreement. 
 SECTION 4. ACKNOWLEDGEMENT AND AGREEMENT OF
GUARANTOR. Guarantor hereby (i) consents to the terms and execution hereof; (ii) reaffirms its obligations to the Bank pursuant to the terms of its Guaranty; and (iii) acknowledges that the Bank may amend, restate, extend, renew
or otherwise modify the Agreement and any indebtedness or agreement of the Borrower, or enter into any agreement or extend additional or other credit accommodations, without notifying or obtaining the consent of the Guarantor and without impairing
the liability of the Guarantor under its Guaranty for all of the Borrower’s present and future indebtedness to the Bank. 

  
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 SECTION 5. REFERENCE TO THE AGREEMENT. 

(a) Upon the effectiveness of this Fourth Amendment, each reference in the Agreement to “this Agreement”, “hereunder”, or
words of like import shall mean and be a reference to the Agreement, as affected and amended hereby. 
 (b) The Agreement, as amended by the
amendments referred to above, shall remain in full force and effect and is hereby ratified and confirmed. 
 SECTION 6. COSTS, EXPENSES
AND TAXES. The Borrower agrees to pay all reasonable out-of-pocket costs and expenses incurred by the Bank in connection with the preparation, reproduction, execution and delivery of this Fourth Amendment and the other instruments and documents
to be delivered hereunder (including the reasonable fees, charges and disbursements of counsel with respect thereto). 
 SECTION 7.
EXECUTION IN COUNTERPARTS. This Fourth Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of
which when taken together shall constitute but one and the same instrument. For purposes of this Fourth Amendment, a counterpart hereof (or signature page thereto) signed and transmitted by any Person party hereto to the Bank (or its counsel) by
facsimile machine, telecopier or electronic mail is to be treated as an original. The signature of such Person thereon, for purposes hereof, is to be considered as an original signature, and the counterpart (or signature page thereto) so transmitted
is to be considered to have the same binding effect as an original signature on an original document. 
 SECTION 8. HEADINGS. Section
headings in this Fourth Amendment are included herein for convenience of reference only and shall not constitute a part of this Fourth Amendment for any other purpose. 

SECTION 9. ENTIRE AGREEMENT. THIS FOURTH AMENDMENT AND THE OTHER INTERNATIONAL LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

SECTION 10. GOVERNING LAW. THIS FOURTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES (OTHER THAN PROVISIONS OF 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
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 SECTION 11. WAIVERS OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAWS, THE
PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS FOURTH AMENDMENT OR INTERNATIONAL LOAN DOCUMENTS, OR ARISING FROM ANY FINANCING RELATIONSHIP EXISTING IN
CONNECTION WITH THIS FOURTH AMENDMENT OR ANY INTERNATIONAL LOAN DOCUMENT AND AGREE THAT ANY ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. 

REMAINDER OF PAGE LEFT INTENTIONALLY BLANK 

  
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 IN WITNESS WHEREOF, this Fourth Amendment is executed as of the date first set forth above. 

 

			
	BORROWER:
	
	GREAT LAKES DREDGE & DOCK CORPORATION
		
	By:	 	/s/ William S. Steckel
		 	William S. Steckel
		 	Senior Vice President and
		 	Chief Financial Officer
	
	GUARANTOR:
	
	GREAT LAKES DREDGE & DOCK COMPANY, LLC
		
	By:	 	/s/ William S. Steckel
		 	William S. Steckel
		 	Senior Vice President and
		 	Chief Financial Officer
	
	BANK:
	
	WELLS FARGO BANK, N.A.
		
	By:	 	/s/ Sushim R. Shah
		 	Sushim R. Shah
		 	Vice President and
		 	Senior Relationship Manager

  
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