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                                                                   EXHIBIT 10.19

                               SECOND AMENDMENT TO
                          EXECUTIVE SEVERANCE AGREEMENT

     THIS SECOND AMENDMENT TO EXECUTIVE SEVERANCE AGREEMENT (the "Amendment") is
made and entered into as of the 21st day of October, 2004, by and between LANCE,
INC., a North Carolina corporation (the "Company"), and PAUL A. STROUP, III (the
"Executive").

                              Statement of Purpose

     The Company and Executive entered into an Executive Severance Agreement
dated November 7, 1997 (the "Executive Severance Agreement"), as subsequently
amended on July 26, 2001. The purpose of this Amendment is to provide for the
funding of a "grantor" trust related to the retirement benefits payable under
the Executive Severance Agreement in certain circumstances following a "Change
in Control."

     NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the parties hereto hereby agree that the Executive Severance
Agreement is amended effective as of the date hereof as follows:

     1. The following Paragraph 4(c) is added to the end of Paragraph 4 of the
Executive Severance Agreement:

          "(c) Funding of Grantor Trust.  Upon the occurrence of a Change in
     Control, in order to provide a source of payment of the benefits payable
     under this Paragraph 4, the Company shall fund an irrevocable "grantor"
     trust maintained pursuant to a trust agreement with an institutional
     trustee selected by the Company. The amount funded by the Company shall
     equal the "current value" of the retirement benefits determined as of the
     date of the Change in Control pursuant to the provisions of Paragraph 4(b)
     above."

     2. Except as expressly or by necessary implication amended hereby, the
Executive Severance Agreement shall remain in full force and effect.

     IN WITNESS WHEREOF, this Amendment has been duly executed by the Company
and Executive as of the day and year first above written.

                                        LANCE, INC.

                                        By /s/ B. Clyde Preslar
                                           -------------------------------------
                                           B. Clyde Preslar
                                           Vice President

                                        "Company"

                                           /s/ Paul A Stroup, III
                                           -------------------------------------
                                           Paul A. Stroup, III<PAGE>
                                                                   EXHIBIT 10.22

                               SECOND AMENDMENT TO
                          EXECUTIVE SEVERANCE AGREEMENT

     THIS SECOND AMENDMENT TO EXECUTIVE SEVERANCE AGREEMENT (the "Amendment") is
made and entered into as of the 21st day of October, 2004, by and between LANCE,
INC., a North Carolina corporation (the "Company"), EARL D. LEAKE (the
"Executive").

                              Statement of Purpose

     The Company and Executive entered into an Executive Severance Agreement
dated November 7, 1997 (the "Executive Severance Agreement"), as subsequently
amended on July 26, 2001. The purpose of this Amendment is to provide for the
funding of a "grantor" trust related to the retirement benefits payable under
the Executive Severance Agreement in certain circumstances following a "Change
in Control."

     NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, the parties hereto hereby agree that the Executive Severance
Agreement is amended effective as of the date hereof as follows:

     1. The following Paragraph 4(c) is added to the end of Paragraph 4 of the
Executive Severance Agreement:

          "(c) Funding of Grantor Trust.  Upon the occurrence of a Change in
     Control, in order to provide a source of payment of the benefits payable
     under this Paragraph 4, the Company shall fund an irrevocable "grantor"
     trust maintained pursuant to a trust agreement with an institutional
     trustee selected by the Company. The amount funded by the Company shall
     equal the "current value" of the retirement benefits determined as of the
     date of the Change in Control pursuant to the provisions of Paragraph 4(b)
     above."

     2. Except as expressly or by necessary implication amended hereby, the
Executive Severance Agreement shall remain in full force and effect.

     IN WITNESS WHEREOF, this Amendment has been duly executed by the Company
and Executive as of the day and year first above written.

                                        LANCE, INC.

                                        By /s/ B. Clyde Preslar
                                           -------------------------------------
                                           B. Clyde Preslar
                                           Vice President

                                        "Company"

                                           /s/ Earl D. Leake
                                           -------------------------------------
                                           Earl D. LeakeExhibit 10(E)

 

Exhibit 10(e).

Schedule Identifying Material Details of

Executive Agreements Substantially Similar to Exhibit 10(a)

 

	 	 	 
	Name	 	Effective Date
	 
	 	 
	Ronald C. Baldwin

	 	May 16, 2001
	Thomas E. Hoaglin

	 	February 15, 2001
	Michael J. McMennamin

	 	November 14, 2000

Schedule Identifying Material Details of

Executive Agreements Substantially Similar to Exhibit 10(b)

	 	 	 
	Name	 	Effective Date
	 
	 	 
	Daniel B. Benhase

	 	August 16, 2000
	Richard A. Cheap

	 	May 4, 1998
	Mary W. Navarro

	 	July 16, 2002
	Nicholas G. Stanutz

	 	February 26, 2002

Schedule Identifying Material Details of

Executive Agreements Substantially Similar to Exhibit 10(c)

	 	 	 
	Name	 	Effective Date
	 
	 	 
	James W. Nelson

	 	November 9, 2004

Schedule Identifying Material Details of

Executive Agreements Substantially Similar to Exhibit 10(d)

	 	 	 
	Name	 	Effective Date
	 
	 	 
	Donald R. Kimble, Jr.

	 	July 14, 2004EX-10.41

 

Exhibit 10.41

Fourth Extension Agreement

     This Fourth Extension Agreement is dated December 14, 2004 between Tollgrade
Communications, Inc., having an address at 493 Nixon Road, Cheswick, PA 15024 (“Tollgrade”) and
Dictaphone Corporation, acting through its Electronic Manufacturing Services Division, with an
address at 3900 W. Sarno Rd., Melbourne, FL 32934 (“Dictaphone”).

     WHEREAS, Tollgrade (as successor in interest to Acterna Corporation) and Dictaphone are
parties to a Supply Agreement dated July 25, 2002, which sets forth the terms pursuant to which
Dictaphone manufactures and supplies to Tollgrade, and Tollgrade purchases from Dictaphone, certain
products (the “Supply Agreement”);

     WHEREAS, the Supply Agreement was initially scheduled to expire on July 24, 2004, and has been
successively extended through December 31, 2004;

     WHEREAS, Tollgrade and Dictaphone desire to replace the Supply Agreement with a new supply
agreement, but have not yet completed negotiations with respect to such new supply agreement; and

     WHEREAS, Tollgrade and Dictaphone desire to further extend the term of the Supply Agreement
through March 31, 2005 or until a new supply agreement is executed, if sooner;

     NOW THEREFORE, in consideration of the premises contained herein and for other good and
valuable consideration, the parties agree as follows:

     1. Extension of Supply Agreement. The parties hereby agree that the Supply Agreement
is hereby extended through March 31, 2005 or until such time as the parties execute a new supply
agreement, if sooner.

     2. Miscellaneous. Except as extended hereby, the provisions of the Supply Agreement
shall remain in full force and effect. This Fourth Extension Agreement will be governed in all
respects by the laws of the Commonwealth of Pennsylvania without reference to any choice of law
provisions. This Fourth Extension Agreement may be executed in any number of counterparts and by
the different parties hereto on separate counterparts, each of which, when so executed, shall be
deemed an original, but all such counterparts shall constitute but one and the same instrument.

     IN WITNESS WHEREOF, the parties have hereunto set their hands the date first above written.

	 	 	 	 	 	 	 	 	 
	TOLLGRADE COMMUNICATIONS, INC.	 	 	 	DICTAPHONE CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Jennifer M. Reinke
	 	 	 	By:
	 	/s/ James Davis
	

	 	 
	 	 	 	 	 	 
	Name: Jennifer M. Reinke	 	 	 	Name: James Davis
	Title: Asst. Secretary	 	 	 	Title: Sr. VP, OperationsExhibit 10(A)

 

EXHIBIT 10(a)

LESCO BONUS PLAN

		
	POLICY: 	The purpose of the LESCO Bonus Plan is to promote
the strategic interests of LESCO by providing key
executives with incentive awards for performance
that contributes significantly to the success of the
company, as determined by meeting or exceeding
specific strategic goals.

		
	RESPONSIBLE OFFICER: 	President and Chief Executive Officer

PROCEDURE:

	I.  	ELIGIBILITY AND PARTICIPATION

	 	A.  	Eligibility to participate in the Plan shall be limited to key executives and
other associates as recommended by the Vice President Human Resources with final
approval by the President and Chief Executive Officer.
	 
	 	B.  	Following the start of the calendar year, the list of participants for a Plan
year can be revised upon authorization of the President and Chief Executive Officer.
Any Associate that is hired or selected to participate after the start of the calendar
year shall participate on a pro rata basis. This is determined by multiplying the
maximum bonus opportunity by a fraction, the numerator of which shall be the number of
days of his/her participation in the calendar year and the denominator of which shall
be 365.
	 
	 	C.  	Suggested Participation Levels

	 	 	 
	Management Level	 	Target Bonus as % of Base
	CEO
	 	60%
	CFO
	 	60%
	Executive VP
	 	25% — 40%
	VP
	 	20% — 30%
	Director
	 	15% — 20%
	Manager
	 	10% — 15%

Note: The Board of Directors and the President and Chief Executive Officer must
approve associate’s participation levels.

	 	D.  	Participation in the Plan as recommended and approved is not guaranteed from
one year to the next.

	II.  	PAYMENT OF BONUS AWARD EARNED

	 	A.  	Bonuses are earned after the last day of the calendar year. An associate must
be actively employed at the time of payment to receive prior year’s bonus.

 

 

	 	B.  	Termination due to retirement or death will result in a pro-rata incentive
award upon approval of the President and Chief Executive Officer.
	 
	 	C.  	With respect to Section 1, paragraph B. above, the whole amount of the bonus
earned in the calendar year shall be paid to each eligible associate after the
company’s audited financial results are available, by no later than March
15th of the following year.
	 
	 	D.  	An associate will not receive a bonus when, in the judgement of the Company:

	 	1.  	The associate’s overall performance for the period is
consistently below expectations.
	 
	 	2.  	The associate has failed to achieve agreed upon objectives.
	 
	 	3.  	The associate has violated corporate policies or has broken any
Federal, State, or Local Laws.
	 
	 	4.  	Management determines at its discretion, that an award should
not be given.

	 	E.  	Following release of the Company’s audited financial statements, the Board of
Directors and the President and Chief Executive Officer can increase, decrease or
eliminate awards when it is determined that the amount of the awards is unreasonable in
view of any unique circumstances or the Company’s financial performance.
	 
	 	F.  	All payouts for eligible participants shall be at the discretion of the
President and Chief Executive Officer.

	III.  	PLAN YEAR

	 	A.  	The Plan Year is defined as January 1st through December 31st,
or the fiscal year when not a calendar year.

	IV.  	OPERATING RULES

	 	A.  	Each participant will have a Target Bonus that will be the amount earned for
meeting the Plan’s performance measurements. The Target Bonus will be expressed as a
percentage of actual base salary and will be reviewed by the Vice President Human
Resources and approved by the President and Chief Executive Officer.
	 
	 	B.  	Bonus payouts will be calculated based on the attainment of corporate goals of
Basic Earnings Per Share (BEPS), Return of Investment Capital (ROIC), Sales Growth, and
an Individual Performance Goal. Weighting for each goal against total target bonus
percent is outlined in the Bonus Participation Letter.

 

 

	 	C.  	Attainment of the financial Plan measurements are paid out between threshold
and maximum as defined in the Payout Matrix below.

Bonus Plan Payout Matrix

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	% of	 	 
	 	 	% of	 	Target	 	 
	 	 	Target	 	Dollars	 	 
	 	 	Achieved	 	Payable	 	Definitions
	Threshold

	 	 	90%	 	 	 	80%	 	 	Threshold performance pays at 80% of
Target Dollars prorated up to Target.
	

	 	 	91%	 	 	 	82%	 	 	 
	

	 	 	95%	 	 	 	90%	 	 	 
	Target

	 	 	100%	 	 	 	100%	 	 	Target pays at 100% of Target Dollars.
	

	 	 	105%	 	 	 	110%	 	 	 
	

	 	 	110%	 	 	 	120%	 	 	 
	

	 	 	115%	 	 	 	130%	 	 	 
	

	 	 	120%	 	 	 	140%	 	 	 
	

	 	 	125%	 	 	 	150%	 	 	 
	

	 	 	130%	 	 	 	160%	 	 	 
	

	 	 	135%	 	 	 	170%	 	 	 
	

	 	 	140%	 	 	 	180%	 	 	 
	

	 	 	145%	 	 	 	190%	 	 	 
	Maximum

	 	 	150%	 	 	 	200%	 	 	Above Target pays at a 2:1 ratio up
to maximum of 200% of Target Dollars.

	 	D.  	Attainment of the Individual Performance Achievement measurement is paid based
on your agreed upon goals and performance rating as defined in the Performance Matrix
below.

Bonus Plan Individual Performance Matrix

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	% of Target Paid for
	Agreed Upon Goals / Performance Rating	 	Personal Performance Component
	

	 	Doesn’t Meet
	 	 	(1	)	 	0% — 20%
	

	 	Meets
	 	 	(2	)	 	70% — 100%
	

	 	Exceeds
	 	 	(3	)	 	100% — 110%

	 	E.  	A bonus of 100% of the target bonus will be payable for achieving 100% of Plan
objectives. A maximum bonus of 200% of Target Bonus will be payable for attaining the
maximum expected performance.
	 
	 	F.  	Personalized Bonus Plan documents will be presented to all participants that
detail their approved target percent, target dollars and performance measures or
individual targets for the current Plan year.

	V.  	GUIDELINES

 

 

	 	A.  	Bonus Plan participants’ base salary in effect January 1 of the Plan
year will be the basis for calculating target and actual bonus dollars.
	 
	 	B.  	An associate who is hired or promoted after January 1st and
qualifies for participation during the Plan year will receive a payment for earned
rewards (see section 1, paragraph B) based on prorated salary data in effect with
regard to either date of hire or promotion.
	 
	 	C.  	Only full-time, regular associates are eligible to participate in the Bonus
Plan. When an associate is on a Leave of Absence for any portion of the calendar year,
that associate will participate in the Plan on a pro-rata basis as long as the
associate is on active status for a minimum of ninety (90) days during the calendar
year.
	 
	 	D.  	Attainments of goals are based on actual results.
	 
	 	E.  	All percentages will be rounded to the nearest hundredth of a percent.
	 
	 	F.  	Bonus awards are included as compensation for the LESCO, Inc. Stock Investment
and Salary Savings and Trust (401(k) Plan) and the LESCO, Inc. 401(k) Restoration Plan,
but are excluded in calculating all other associate benefits.

	VI.  	RIGHT OF PARTICIPANTS AND FORFEITURE

	 	A.  	Nothing in this Plan shall:

	 	1.  	Confer upon any associate any right with respect to
continuation of employment with LESCO.
	 
	 	2.  	Interfere in any way with the right of the Company to terminate
his or her employment at any time, or
	 
	 	3.  	Confer upon any associate or any person any claim or right to
any distribution under the Plan except in accordance with its terms.

	 	B.  	No right or interest of any Participant in the Plan shall, prior to actual
payment or distribution of such Participant, be assignable or transferable in whole or
part, either voluntarily or by operation of law otherwise, or be subject to payment of
debts of any Participant by execution, levy, garnishment, attachment, pledge,
bankruptcy or in any other manner.

	VII.  	PLAN ADMINISTRATION

	 	A.  	The Plan shall be administered by LESCO. LESCO can at any time amend, suspend,
terminate or reinstate any or all of the provisions of the Plan as may seem necessary
or advisable for the administration of the Plan.

The President and Chief Executive Officer must approve any exceptions to the policy.

	 	 	 	 	 	 	 	 
	Approved:

	 	/s/ Michael P. DiMino
	 	Date:
	 	January 13, 2004	 
	

	 	 
	 	 	 	 	 
	

	 	Michael P. DiMino, President & CEO

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