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Exhibit 4.8    
    

Translation for information purpose only  

BNP PARISBAS  

E-mail sent March 19, 2004 by martine.aubert@bnpparibas.com
 To: LE BOURHIS, DOMINIQUE

Cc: xavier.monteau@ca-indosuez.com; david.rigaud@ca-indosuez.com;
olivier_jean@bnpparibas.com; catherine.lecorre@caissedesdepots.fr; claudie.tanguy@caissedesdepots.fr 

Subject:  

I
inform you that the Phase IA Banks Group has decided to approve the extension of the waiver period requested in your letter dated March 5, 2004. 

Yours
faithfully, 

Martine Aubert

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Exhibit 4.8QuickLinks
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Exhibit 4.9    
    

Translation for information purpose only  

CREDIT AGRICOLE INDOSUEZ  

E-mail sent March 19, 2004 by xavier.monteau@ca-indosuez.com
 To: LE BOURHIS, DOMINIQUE

Subject:  

I
inform you that the Phase IB Banks Group and the Phase IB Lenders have decided to approve the extension of the waiver period requested in your letter dated March 5, 2004. 

Yours
faithfully, 

Xavier Monteau

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Exhibit 4.10    
    

Letter authorizing new line of Credit Agreement for Additional Credit Facility with TWDC  

RENEWED ADDITIONAL FACILITY  

PARTIES:  

	1.
	Euro
Disney S.C.A. (acting on behalf of the members of the Euro Disney Group), with its registered office at Route Nationale 34, Immeubles Administratifs, Chessy (77777), France

	2.
	The
Walt Disney Company ("TWDC"), with its registered office at 500 South Buena Vista Street, Burbank, California 91521 

WHEREAS:  

	(A)
	To
negotiate and implement measures intended to restore, on a long-term basis, the financial situation of the Euro Disney Group, the Euro Disney Group and its Creditors
have decided to allow a limited period, which was initially scheduled to terminate on March 31, 2004 (the "Initial Period") and has been extended from April 1, 2004 through
May 31, 2004 (the "Additional Period");

	(B)
	As
a result of the foregoing, Euro Disney S.C.A. has requested the Creditors to waive, initially during the Initial Period and by way of an extension during the Additional Period,
their right to accelerate the loans extended by them due to the occurrence of certain events that could constitute Events of Default or Potential Events of Default;

	(C)
	TWDC
has agreed to cover the cash needs of the Euro Disney Group during the Initial Period and now during the Additional Period by making available an additional and fully
subordinated cash facility (the "Additional Facility" in respect of the Initial Period and the "Renewed Additional Facility" in respect of the Additional Period) on the terms set forth below;

	(D)
	No
amounts were drawn down under the Additional Facility, which will expire at the end of the Initial Period and be replaced by this Renewed Additional Facility. 

NOW, THEREFORE, the Parties hereby agree as follows: 

Article 1—Definitions  

        All capitalized terms used in this agreement and not otherwise defined have the meaning ascribed to their French equivalents in the Common Agreement dated
August 10,1994 among Euro Disney S.C.A., EDL Hôtels S.C.A., Euro Disneyland S.N.C., Hôtel New York Associés S.N.C., Newport Bay Club
Associés S.N.C., Sequoia Lodge Associés S.N.C., Cheyenne Hotel Associés S.N.C., Hôtel Santa Fe Associés S.N.C., Centre de
Divertissements Associés S.N.C. and the Banks that are parties to the Phase 1A Credit, the Caisse des Dépôts et Consignations, the Partners of Euro
Disneyland S.N.C party to the Phase 1A Partners Advances, the Banks that are parties to the Phase 1B Credit, the Partners of the Hotel S.N.C.s and the Lenders that are parties to the Phase 1B Partners
Advances or in each of the Financing Agreements. 

Article 2—Renewed Additional Facility  

TWDC
hereby makes available the Renewed Additional Facility on the following terms: 

	1.
	The
Renewed Additional Facility will serve to meet the cash needs of the companies of the Euro Disney Group during the Additional Period, whatever their nature may be (with the
exception of any payment related to (i) the Standby Revolving Credit Facility and (ii) the four CDC loans for the financing of the second theme park). 

	2.
	The
Euro Disney Group may use the Renewed Additional Facility only after the formal and unconditional extension of the duration of the waiver by the Creditors for the Additional
Period, as described in paragraph (B) of the recitals hereto, has been obtained; and subject to the condition that the Standby Credit Facility be fully drawn down. Any drawdown request will be
sent by Euro Disney to TWDC no later than five days before the drawdown date and shall specify the amount of the drawdown and the account to be credited as well as the term of the first interest
period.

	3.
	The
aggregate maximum amount that may be drawn under the Renewed Additional Facility may not exceed 25 (twenty five) million euros. No drawdown under the Renewed Additional Facility
will be made in the event that any of the Bank Debt Agreements is accelerated or there occurs a force majeure event having a very serious material adverse effect, in the short term and in the long
term, on the financial situation and prospects of the Borrowers.

	4.
	The
amounts made available to Euro Disney S.C.A. under the Renewed Additional Facility will bear interest for consecutive periods of one, three, six, or twelve months (at the option of
Euro Disney S.C.A.) at an annual rate equal to the one-, three-, six-, or twelve-month EURIBOR (as published by Telerate, or, failing that, any comparable source) for such
period, increased by one hundred (100) basis points per annum. TWDC will receive no other remuneration in respect of the Renewed Additional Facility.

	5.
	No
interest will be paid to TWDC as long as amounts drawn under the Renewed Additional Facility have not been repaid. During such period, interest that has remained unpaid for an
entire year will be capitalized in accordance with Article 1154 of the French Civil Code.

	6.
	The
principal under the Renewed Additional Facility (principal and capitalized interest) will be repaid to TWDC in two installments. The first installment will be due sixty days after
the end of the first fiscal year of Euro Disney S.C.A. in respect of which the Debt (including the CDC loans made pursuant to agreements dated September 30, 1999 relating to the second park) on
the last day of such fiscal year shall be equal to or less than 3.5 times the Consolidated Gross Operating Profits for such fiscal year, based on the audited consolidated financial statements of Euro
Disney S.C.A. for such fiscal year. The second installment will be due sixty days after the end of the second fiscal year of Euro Disney S.C.A. in respect of which the Debt (including the CDC loans
made pursuant to agreements dated September 30, 1999 relating to the second park) on the last day of such fiscal year shall be equal to or less than 3.5 times the Consolidated Gross Operating
Profits for such fiscal year, based on the audited consolidated financial statements of Euro Disney S.C.A. for such fiscal year. The first installment will be equal to one half of the total principal
outstanding on such date and the second installment will be equal to the balance of the principal. Interest accrued between the date on which interest is last capitalized (or, if applicable, the last
interest payment date) and each due date will be payable on such due date.

	7.
	The
principal (principal and capitalized interest) will be repaid, at the latest, once all amounts due under the Financing Agreements and the CDC loans relating to the second park
shall have been paid or repaid.

	8.
	Subject
to paragraph 5 above, any amount that may be made available to one or more companies of the Euro Disney Group under the Renewed Additional Facility will be fully
subordinated to all existing financings of the Euro Disney Group and, accordingly, may not become due before payment in full (i) by the companies of the Euro Disney Group of all amounts due by
the latter to the Creditors on any account whatsoever and (ii) by the S.N.C.s of all amounts due by the latter to any one of their creditors. 

Article 3—Irrevocable commitment  

        The provisions of this agreement constitute an irrevocable commitment by TWDC during the Additional Period and shall remain in force as long as any amount under
the Renewed Additional Facility remains outstanding. They are expressly stipulated to be given in favor of the Agents and the Creditors. 

Article 4—Governing Law and Jurisdiction  

        The provisions of this agreement shall be governed by French law. 

        Any
dispute arising in connection with this agreement shall be subject to the jurisdiction of the Paris Commercial Court. 

Article 5—Language  

        This agreement is entered into in the French language and the English language. 

Article 6—Third Party Beneficiary Rights (Stipulation pour autrui)  

        The Agents hereby intervene to accept the third party beneficiary rights (stipulation pour autrui) referred to above. 

        Signed
in Paris, on March 25, 2004, in three original duplicates. 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	/s/ JEFFREY SPEED
	 	/s/ THOMAS STAGGS

	for Euro Disney S.C.A.

by Jeffrey R. Speed

Senior Vice President and Chief Financial

Officer of Euro Disney S.A.

Gérant of Euro Disney S.C.A.	 	for The Walt Disney Company

by Thomas O. Staggs

Senior Executive Vice President and

Chief Financial Officer

	 	 	 
	 	 	 
	 	 	 
	
	 	 
	For acceptance of the third party beneficiary rights above,
	by the Agents	 	 

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Exhibit 4.10Exhibit
10.40

 

LATTICE
SEMICONDUCTOR CORPORATION

 

EXECUTIVE
INCENTIVE PLAN

 

2002
RESTATEMENT

 

The Lattice Semiconductor Executive Incentive Plan
(the “Plan”), originally approved by the Board of Directors on August 13,
1990 and subsequently restated in 1992 and 1999, is hereby restated in its
entirety.

 

1. 
Purpose

 

The purpose of the Plan is to provide Lattice
Semiconductor Corporation (the “Company”) with an effective and competitive
bonus plan that enables the Company to attract and retain senior management,
and to provide incentives that promote the financial objectives of the Company,
thereby enhancing shareholder value. 
The executive cash compensation program of the Company is highly
leveraged on the basis of Company profitability.

 

2. 
Administration

 

This Plan shall be administered by the Compensation
Committee of the Board of Directors (the “Administrator”), which is composed
entirely of independent outside directors. 
The Compensation Committee is responsible for setting and administering
the policies which govern both cash compensation and stock ownership
programs.  The Compensation Committee
meets without the Chief Executive Officer’s presence, on at

 

 

least an annual basis, to evaluate and review the
Company’s compensation plans and reports their findings to the full Board of
Directors.

 

The Administrator shall interpret the Plan, determine
eligibility to participate, and generally be responsible for seeing that the
purposes of the Plan are accomplished. 
The Administrator may delegate all of part of its administrative duties
to others.

 

3. 
Plan Year

 

The Plan Year shall be the Company’s fiscal year.

 

4. 
Eligibility

 

The Chief Executive Officer, President and certain
Vice Presidents and Directors of the Company shall be eligible to participate
in the Plan.  Vice Presidents and
Directors will be eligible upon selection by the Chief Executive Officer.

 

5. 
Computation of Bonus

 

The total bonus amount available for distribution
under the Plan shall equal seven percent (7%) of the Company’s operating
income.  For this purpose, operating
income shall mean the amount determined by the Company from its official
financial statements in accordance with generally accepted accounting
principles with the exception that one-time in-process research and development
and intangible asset amortization charges are to be excluded from the
calculation.  The bonus computation will
be made on a quarterly basis.

 

 

6. 
Allocation of Bonus

 

The bonus amount will be allocated among the eligible
participants according to the following criteria (see Exhibit A for formula
calculating individual amounts):

 

a).                                   participant’s
base salary;

 

b).                                  participant’s
position;

 

c).                                   participant’s
performance to objectives as determined by the Chief Executive Officer.

 

The bonus amount allocated to the Chief Executive
Officer will be calculated solely as a function of 6a) x 6b) above according to
the formula in Exhibit A.

 

7. 
Time of Payment

 

Bonus payment will be made to eligible participants on
a quarterly basis within 90 days after the end of the Company’s fiscal quarter.

 

8. 
Terminated Participants

 

A participant who terminates his/her employment with
the Company, either voluntarily or involuntarily, forfeits any undistributed
bonus amount that he/she might otherwise have been eligible to receive.

 

9. 
Amendment/Termination

 

The Company may amend or terminate this Plan at any
time by action of the Compensation Committee of the Board of Directors.

 

 

10. 
Interpretation

 

All questions of interpretation under this Plan shall
be decided by the Compensation Committee of the Board of Directors of the
Company, whose judgement shall be final and binding.

 

 

	
   

  	
  Lattice Semiconductor Corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Cyrus Tsui

  	
   

  
	
   

  	
   

  
	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
  February 5, 2002

  

 

 

EXHIBIT
A

FORMULA FOR
CALCULATION OF BONUSES

 

	
  I.

  	
  TOTAL BONUS EARNED DURING PERIOD (“TB”):

  
	
   

  	
   

  
	
   

  	
  TB = Operating Income x 7%

  
	
   

  	
   

  
	
   

  	
   

  
	
  II.

  	
  BONUS CALCULATION FOR CEO (“Bp”):

  
	
   

  	
   

  
	
   

  	
  Bp = [ (S x W) / T ] x TB

  
	
   

  	
   

  
	
   

  	
   

  
	
  III.

  	
  BONUS CALCULATION FOR PLAN PARTICIPANTS EXCEPT

  
	
   

  	
   

  
	
   

  	
  CEO (“B”):

  
	
   

  	
   

  
	
   

  	
  B = [ (S x W) / T ] x TB x IP

  
	
   

  	
   

  
	
   

  	
   

  
	
  IV.

  	
  KEY:

  
	
   

  	
   

  
	
   

  	
  S  =  Annual Base Salary

  
	
   

  	
   

  
	
   

  	
  W = Weighting according to position:

  
	
   

  	
   

  
	
   

  	
   

  	
  CEO

  	
  50%

  	
   

  
	
   

  	
   

  	
  President

  	
  50%

  	
   

  
	
   

  	
   

  	
  Vice President Sales

  	
  40%

  	
   

  
	
   

  	
   

  	
  Other Vice Presidents

  	
  35%

  	
   

  
	
   

  	
   

  	
  Directors

  	
  25%

  	
   

  
	
   

  	
   

  
	
   

  	
  T  = Weighted
  total of all salaries (“S”) multiplied by the position weighting (“W”)

  
	
   

  	
   

  
	
   

  	
  IP = Individual performance as determined by CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]