Document:

exv10w9

Exhibit 10.9

AMENDMENT TO ALASKA COMMUNICATIONS SYSTEMS GROUP, INC.

1999 EMPLOYEE STOCK PURCHASE PLAN

     This AMENDMENT, dated as of the date set forth by the Secretary below (“Amendment Effective
Date”) of the Alaska Communications Systems Group, Inc. (the “Company”) 1999 Employee Stock
Purchase Plan, as amended to date (the “Plan”), hereby amends the Plan as of the Amendment
Effective Date.

RECITALS

     WHEREAS, the Company has previously adopted the Plan, which is designed to qualify as
an “employee stock purchase plan” under Section 423 of the Internal Revenue Code of 1986, as
amended (the “Code”);

     WHEREAS, the Section 23 of the Plan provides that the Plan shall terminate on December
31, 2009; and

     WHEREAS, the Board of Directors has determined it to be in the best interests of the
Company and its stockholders to, among other matters, extend the term of the Plan and allocate a
specified number of shares that shall continue to be reserved for issuance under the Plan.

     In respect of the foregoing premises, among other matters, the Plan is amended hereby as set
forth in the following articles of amendment.

AMENDMENT

     ARTICLE I. Capitalized terms used without definition in this amendment to the Plan
shall have the meanings set forth in the Plan.

     ARTICLE II. Section 2, Stock Subject to the Plan,” is hereby replaced in its entirety
as follows:

     A total of 251,912 shares of the Common Stock will be available for issuance under this Plan.
Such number shall be subject to adjustments effected in accordance with Section 16 of this Plan.
Any shares of Common Stock that have been made subject to an Option that cease to be subject to the
Option (other than by means of exercise of the Option), including, without limitation, in
connection with the cancellation or termination of an Option, shall again be available for issuance
in connection with future grants of Options under this Plan.

     ARTICLE III. The last paragraph in Section 11(b) is hereby replaced in its entirety
as follows:

     Subject to the limitations of Section 423 of the Code, and notwithstanding the foregoing, the
Committee may from time to time determine that a different maximum number of shares may be
purchased on any given Purchase Date in lieu of the maximum amounts described above in this Section
11(b), in which case the number of shares which may be purchased by any employee on such Purchase
Date may not exceed such different limitation; provided, that any change made by the Committee
pursuant to this sentence shall only be effective for Offering Periods that begin at least 30 days
after the change is announced to eligible employees and that such change is subject to Section
11(e) below.

     Section 11 (e) is added as follows: “Subject to the limitation of Section 423 of the Code
herein described in Section 11(b), the number of shares which may be purchased by an individual
shall not exceed the lower of 10,000 shares per Offering Period or the $25,000 per calendar year
limitation set forth in Section 11(b) above.

     ARTICLE IV. Section 23, Termination of the Plan,” is hereby replaced in its entirety
as follows:

     The Board may suspend or terminate this Plan at any time. Upon a suspension or termination of
the Plan while an Offering Period is in progress, the Committee shall either shorten such Offering
Period by setting a new

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Purchase Date before the date of such suspension or termination of the Plan or shall return
the accumulated payroll deductions of all participants as if they had all withdrawn before the
Withdrawal Deadline for such Offering Period, as set forth in Section 15. Unless this Plan shall
have been previously terminated by the Board, this Plan shall terminate on, and no Options shall be
granted after, December 31, 2012. No Options shall be granted during any period of suspension of
this Plan.

     ARTICLE V. Except as amended hereby, the Plan, as previously amended prior to the
Amendment Effective Date, remains in full force and effect.

2exv10w1

Exhibit 10.1

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

	 	 	 	 	 
	 

	 	X	 	 
	 	 	 	 	 
	JOHN C. CAMPBELL,
	 	 	 	 
	 

	 	:	 	 
	Plaintiff,                    
	 	 	 	 
	 

	 	:
	 	C.A. No. 5199-VCS
	v.
	 	 	 	 
	 

	 	:	 	 
	THE TALBOTS, INC., AEON (U.S.A.), INC.,
	 	 	 	 
	BPW ACQUISITION CORP., PERELLA

	 	:	 	 
	WEINBERG PARTNERS LP, JOSEPH R.
	 	 	 	 
	PERELLA, GARY S. BARANCIK,

	 	:	 	 
	MICHAEL KRAMER, JOHN W. GLEESON,
	 	 	 	 
	TSUTOMU KAJITA, MOTOYA OKADA,

	 	:	 	 
	GARY
M. PFEIFFER, YOSHIHIRO SANO,
	 	 	 	 
	TRUDY F. SULLIVAN, SUSAN M. SWAIN,

	 	:	 	 
	and ISAO TSURUTA,
	 	 	 	 
	 

	 	:	 	 
	Defendants.                    
	 	 	 	 

STIPULATION

     The parties, by their undersigned counsel, hereby stipulate and agree as follows:

     1. Plaintiff’s pending motion for a preliminary injunction is withdrawn, without prejudice.

     2. In exchange for withdrawal of the motion for a preliminary injunction, defendants agree
that the following procedures will be implemented by The Talbots, Inc. (“Talbots”) and shall
remain in place until at least the 2013 Annual Meeting of Shareholders of Talbots, subject in all
cases other than (1) to the closing of the BPW merger and related transactions.

          a. The Talbots Board will not propose a certificate amendment to implement
a classified board.

          b. The Talbots Board will not propose a certificate amendment to eliminate
the right to act by consent or to require shareholder action by a supermajority or unanimous
written consent.

 

 

          c. The Talbots bylaws will be amended to limit the number of directors to
ten, a majority of which shall be independent.

          d. All directors of Talbots will stand for election at the 2010 Annual
Meeting.

          e. The proxy statement for the 2010 Annual Meeting will contain further
reasonable disclosures concerning the BPW/AEON transaction, as agreed upon with plaintiff,
and incorporate by reference prior disclosures.

          f. The Nominating and Corporate Governance Committee of the Talbots
Board shall review prior to the 2010 Annual Meeting, whether directors and committee chairmen
shall be rotated among standing committees such as Audit, Nominating and Corporate
Governance and Compensation, and add or substitute on these committees directors who are
newly appointed or elected as the board determines to be appropriate.

          g. The Talbots Board will maintain the separation between the positions of
Chairman of the Board and CEO, and will designate a lead director (who shall be an independent
director) to preside in the absence of the Chairman of the Board.

          h. Directors of Talbots will be required to own Talbots stock at a certain
value.

          i. There shall be no option or warrant repricing or exchange under Talbots’
equity incentive plans for employees and/or directors without stockholder approval.

          j. Section 2.6 of the Talbots bylaws will be amended to provide a majority of
the entire board constitutes a quorum and will delete from Section 2.7 the requirement for the
affirmative vote of a majority of the entire board for specified actions.

          k. Section 2.10 of the Talbots bylaws will be amended to require that director
stock options, restricted shares or units and other director equity incentive compensation must be
issued pursuant to a stockholder-approved plan.

          1. Talbots will send a Section 228 notice to stockholders substantially in the
form previously provided by plaintiff’s counsel.

     3. This Stipulation does not constitute dismissal, settlement or withdrawal of any of
plaintiff’s claims in the litigation.

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	PRICKETT,
JONES & ELLIOTT, P.A.

	 	SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP	 	 
	 
	 	 	 	 
	/s/ Paul A. Fioravanti, Jr.
 

Michael Hanrahan (DE Bar No. 941)

	 	/s/ Paul J. Lockwood
 

Thomas J. Allingham II (DE Bar No. 476)
	 	 
	Elizabeth M. McGeever (DE Bar No. 2057)

	 	Paul J. Lockwood (DE Bar No. 3369)	 	 
	Paul A. Fioravanti, Jr. (DE Bar No. 3808)

	 	One Rodney Square	 	 
	Laina M. Herbert (DE Bar No. 4717)

	 	P.O. Box 636	 	 
	Kevin H. Davenport (DE Bar No. 5327)

1310 King Street

Wilmington, DE 19801

(302) 888-6500

	 	Wilmington, DE 19801

 (302) 651-3000

Attorneys for Defendants	 	 
	 

	 	AEON (U.S.A.), Inc., Tsutomu Kajita, Motoya	 	 
	Attorneys for Plaintiff

	 	Okada, Yoshihiro Sano and Isao Tsuruta	 	 
	 
	 	 	 	 
	RICHARDS, LAYTON & FINGER

	 	PAUL, WEISS, RIFKIND, WHARTON & GARRISON, LLP	 	 
	 
	 	 	 	 
	/s/ Anne C. Foster
 

Anne C. Foster (DE Bar No. 2513)

	 	/s/ Stephen P. Lamb
 

Stephen P. Lamb (DE Bar No. 2053)
	 	 
	One Rodney Square

	 	Brandywine Building	 	 
	Wilmington, DE 19801

	 	1000 N. West Street — Suite 1200	 	 
	(302) 651-7700

Attorneys for Defendant

Perella Weinberg Partners LP

	 	Wilmington, DE 19801

(302) 655-4410

Attorneys for Defendant

Trudy F. Sullivan	 	 
	 
	 	 	 	 
	POTTER, ANDERSON & CORROON, LLP

	 	ASHBY & GEDDES, P.A.	 	 
	 
	 	 	 	 
	/s/ Brian C. Ralston
 

Donald J. Wolfe, Jr. (DE Bar No. 285)

	 	/s/ Philip Trainer, Jr.
 

Philip Trainer, Jr. (DE Bar No. 2788)
	 	 
	Brian C. Ralston (DE Bar No. 3770)

	 	500 Delaware Avenue	 	 
	Hercules Plaza - 6th Floor

	 	P.O. Box 1150	 	 
	P.O. Box 951

	 	Wilmington, DE 19899	 	 
	Wilmington, DE 19899

	 	(302) 654-18888	 	 
	(302) 984-6000
	 	 	 	 
	 
	 	 	 	 
	Attorneys for Defendants

	 	Attorney for Defendant	 	 
	John W. Gleeson, Gary M. Pfeiffer, and

	 	The Talbots, Inc.	 	 
	Susan M. Swain
	 	 	 	 

3

 

	 	 	 	 	 
	MORRIS, NICHOLS, ARSHT & TUNNELL LLP
	 	 	 	 
	 
	 	 	 	 
	/s/ Jon E. Abramczyk
 

Jon E. Abramczyk (DE Bar No. 2432)

	 	 	 	 
	1201 North Market Street
	 	 	 	 
	P.O. Box 1347 
	 	 	 	 
	Wilmington, DE 19899 

(302) 658-9200
	 	 	 	 
	 
	 	 	 	 
	Attorneys for Defendants
	 	 	 	 
	BPW Acquisition Corp., Joseph R. Perella,
	 	 	 	 
	Gary S. Barancik and Michael Kramer
	 	 	 	 
	 
	 	 	 	 
	DATED: March 6, 2010
	 	 	 	 

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