Document:

Exhibit 10.1

 

Exhibit 10.1

December 5, 2007

Ms. Dianne M. Neal

505 Boxthorne Court

Winston-Salem, NC 27106

Dear Dianne:

Although you have resigned as Executive Vice President and Chief Financial Officer of Reynolds
American, Inc. effective January 1, 2008, it is important that you remain an employee of RAI for a
transition period following your resignation to assist your successor and otherwise aid in a smooth
transition of your responsibilities. As a result, this letter will confirm our agreement.

In consideration and exchange for the following:

	 	1.	 	You hereby agree to remain actively employed with RAI through and until March
31, 2008;
	 
	 	2.	 	You agree to assist your successor and otherwise aid in a smooth transition
continuing to satisfactorily carry out your duties and responsibilities as long as you
are employed;
	 
	 	3.	 	You agree to abide by all company policies and procedures including the
provisions set forth in the RAI Code of Conduct; and
	 
	 	4.	 	You agree to execute on your last day of employment a Non-Competition,
Non-Disclosure of Confidential Information, Commitment to Provide Assistance and
General Release Agreement. (A copy of which is attached).

The Company agrees to the following provided that you meet the obligations set forth above:

	 	1.	 	You will continue to receive through your employment termination date
(irrespective of when such date occurs) the same salary payments and other benefits
which you currently receive or to which you are otherwise entitled, except in no event
shall your resignation from RAI entitle you to any severance or similar payments;
	 
	 	2.	 	You will receive payment of a retention bonus in the amount of $180,000 by
April 14, 2008;
	 
	 	3.	 	Your resignation shall be treated as a retirement effective March 31, 2008
solely for the purposes of determining your rights in and to the awards previously
made to you pursuant to the Reynolds American, Inc. Long-Term Incentive Plan (Amended
and Restated effective May 11, 2007) (the

 

 

	 	 	 	“LTIP”), with all other terms and conditions of the LTIP and the individual grant
agreements relating to such outstanding awards remaining in effect and applicable
to such awards; and
	 
	 	4.	 	An exception will be made for payment of the Performance Units associated
with the 2007 LTIP award. Instead of following the payment terms of the grant
agreement, payment will be accelerated and paid by April 14, 2008 for the number of
Performance Units that vest pro-rata according to the terms of item 3. The value of
each vested unit will be one dollar ($1).

By your signature below, you acknowledge and agree to the terms and conditions of this letter
agreement.

Sincerely,

/s/ Ann A. Johnston

Ann A. Johnston

Executive Vice President, Human Resources

Reynolds American, Inc.

Acknowledged
and accepted this
     5th     
day of
     December     , 2007

/s/
Dianne M. Neal

Dianne M. Neal

 

 

Non-Competition, Non-Disclosure of Confidential Information, 

Commitment to Provide Assistance and General Release Agreement

I, Dianne M. Neal, acknowledging a Retention Bonus in the amount of $180,000 and other payments
made to me as consideration for entering into this Non-Competition, Non-Disclosure of Confidential
Information, Commitment to Provide Assistance Agreement and General Release, do hereby agree to
each of the following:

	 	•	 	I will not, without the prior written consent of Reynolds American Inc. (“RAI”),
use, divulge, disclose or make accessible to any other person, firm, partnership or
corporation or other entity any confidential information pertaining to the businesses
of RAI, R. J. Reynolds Tobacco Company, and/or any of their affiliates (individually,
a “Company and collectively, the “Companies”), except when required to do so by a
court of competent jurisdiction, by any governmental agency having supervisory
authority over the businesses of the Companies, or by any administrative body or
legislative body (including a committee thereof) with jurisdiction to order me to
divulge, disclose or make accessible such information. For purposes of this
agreement, “Confidential Information” shall mean non-public information concerning any
of the Companies’ data, strategic business plans, product development data (or other
proprietary product data), customer lists, marketing plans and other proprietary
information, except for specific items which have become publicly available
information (other than such items which I know have become publicly available through
a breach of fiduciary duty or any confidentiality agreement).
	 
	 	•	 	I covenant and agree that:

	 	(a)	 	I will not directly or
indirectly (whether as owner, partner, consultant,
employee, or otherwise), engage in any of the “Major
Businesses” (as defined below) in which any of the
Companies are engaged, in the geographic area of the U.S.
and other country in which the Companies operate as of the
day I execute this agreement, for a period of eighteen (18)
months following my last day of employment; and
	 
	 	(b)	 	I will not, on my own
behalf or on behalf of any person, firm or company,
directly or indirectly for a period of twelve (12) months
following the last day of my employment, offer employment
to any person who was, at the time of my last day of my
employment, employed by any of the Companies.

 

 

	 	(c)	 	For purposes of this
agreement, “Major Businesses” means the major business
segments of any of the Companies dealing in the
manufacture, sale or marketing of tobacco and smoking
products or products deemed to be in competition with
smoking products, including but not limited to those
developed, marketed or intended to be used as part of
smoking cessation programs, or as tobacco or smoking
substitutes.

	 	•	 	I and the Companies agree that this covenant not to compete is a reasonable
covenant under the circumstances, and further agree that if in the opinion of any
court of competent jurisdiction, such restraint is not reasonable in any respect, such
court shall have the right, power and authority to excise or modify such provision or
provisions of this covenant as to the court shall appear not reasonable and to enforce
the remainder of the covenant as so amended.
	 
	 	•	 	I agree that:

	 	(a)	 	I will personally
provide reasonable assistance and cooperation to the
Companies in activities related to the prosecution or
defense of any pending or future lawsuits or claims
involving any of the Companies.
	 
	 	(b)	 	I will promptly notify
RAI if I receive any requests from anyone other than an
employee or agent of one of the Companies for information
regarding any of the Companies which could reasonably be
construed as being proprietary, non-public or confidential
or if I become aware of any potential claim or proposed
litigation against any of the Companies.
	 
	 	(c)	 	I will refrain from
providing any information related to any claim or potential
litigation against any of the Companies to any non-Company
representatives without RAI’s written permission or being
required to provide information pursuant to legal process.
	 
	 	(d)	 	If required by law to
provide sworn testimony regarding any matter related to any
of the Companies, I will consult with and have legal
counsel designated by RAI present for such testimony. RAI
will be responsible for the costs

 

 

	 	 	 	of such designated counsel, and I will bear no cost for
same.
	 
	 	(e)	 	If I am required by law
to provide sworn testimony regarding any matter related to
any of the Companies, and if I require legal counsel to
represent and protect my interests (in addition to RAI’s
designated legal counsel provided for under subparagraph
(d) herein), RAI will reimburse me for any legal expenses
(including, but not limited to, the costs of any attorney
reasonably acceptable to me and RAI, which acceptance by
RAI shall not be unreasonably withheld) and other
out-of-pocket expenses I may incur in relation to such
testimony.
	 
	 	(f)	 	I will cooperate with
the Companies’ attorneys to assist in their efforts,
especially on matters I have been privy to, holding all
privileged attorney-client matters in strictest confidence
unless ordered to do otherwise by a court of competent
jurisdiction or a committee of the Congress of the United
States or of a state legislature. I understand that I will
be reimbursed for travel, food, lodging or similar
out-of-pocket expense incurred at the request of any of the
Companies in discharging any of my obligations under this
agreement.
	 
	 	(g)	 	Nothing in sentences
a-f of the above paragraph is intended to apply to
governmental or judicial investigations, including but not
limited to an investigation by any agency or department of
the federal or state government, any hearing before a
committee of the Congress of the United States or of a
state legislature, any investigation or proceeding by or of
a special prosecutor, or any proceeding brought before a
grand jury; provided, however, RAI will reimburse me for
legal expenses including, but not limited to, the cost of
any attorney reasonably acceptable to RAI and other
out-of-pocket expenses if I am compelled to appear in a
governmental or judicial investigation.

	 	•	 	I agree that any breach of the covenants contained in this agreement would
irreparably injure the Companies. Accordingly, the Companies may, in addition to
pursuing any other remedies that they may have in law or in

 

 

	 	 	 	equity, obtain an injunction against me from any court having jurisdiction over the
matter, restraining any further violation of this agreement by me.
	 
	 	•	 	IN CONSIDERATION AND IN EXCHANGE OF THE RETENTION BONUS AND OTHER PAYMENTS, I
VOLUNTARILY, KNOWINGLY AND WILLINGLY RELEASE AND FOREVER DISCHARGE THE COMPANY
(REYNOLDS AMERICAN, INC.), ITS SUBSIDIARIES AND AFFILIATES, TOGETHER WITH THEIR
RESPECTIVE OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES AND AGENTS, AND EACH OF THEIR
PREDECESSORS, SUCCESSORS AND ASSIGNS, FROM ANY AND ALL CHARGES, COMPLAINTS, CLAIMS,
PROMISES, AGREEMENTS, CONTROVERSIES, CAUSES OF ACTION AND DEMANDS OF ANY NATURE
WHATSOEVER THAT I OR MY EXECUTORS, ADMINISTRATORS, SUCCESSORS OR ASSIGNS EVER HAD, NOW
HAVE OR HEREAFTER CAN, SHALL OR MAY HAVE AGAINST THEM BY REASON OF ANY MATTER, CAUSE
OR THING WHATSOEVER HAVING ACCRUED AND/OR ARISING AT THE TIME I SIGN THIS AGREEMENT.
I FURTHER AGREE THAT I WILL NOT SEEK OR BE ENTITLED TO ANY AWARD OF EQUITABLE OR
MONETARY RELIEF IN ANY PROCEEDING OF ANY NATURE BROUGHT ON MY BEHALF ARISING OUT OF
ANY OF THE MATTERS RELEASED BY THIS PARAGRAPH. THIS RELEASE INCLUDES, BUT IS NOT
LIMITED TO ANY RIGHTS OR CLAIMS RELATING IN ANY WAY TO MY EMPLOYMENT RELATIONSHIP WITH
THE COMPANY, RESIGNATION OR THE TERMINATION THEREOF, OR UNDER ANY STATUTE, INCLUDING
THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL
RIGHTS ACT OF 1964, AS AMENDED, THE AMERICANS WITH DISABILITIES ACT, EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, (“ERISA”) OR ANY OTHER FEDERAL,
STATE OR LOCAL LAW, INCLUDING BUT NOT LIMITED TO, ANY SUCH LAW DEALING WITH
DISCRIMINATION BASED ON SEX, RACE, COLOR, NATIONAL ORIGIN, RELIGION, DISABILITY,
VETERAN STATUS OR AGE.
	 
	 	•	 	I ALSO AGREE THAT THIS GENERAL RELEASE INCLUDES CLAIMS BASED ON THEORIES OF
CONTRACT, WHETHER ACTUAL OR IMPLIED, TORT, PUBLIC POLICY, WHETHER BASED IN COMMON LAW
OR OTHERWISE. I UNDERSTAND THAT THIS GENERAL RELEASE COVERS ALL CLAIMS THAT HAVE
ACCRUED OR ARISEN BY THE TIME I EXECUTE THIS GENERAL RELEASE, INCLUDING BOTH THOSE
CLAIMS THAT I KNOW ABOUT AND THOSE THAT I MAY NOT KNOW ABOUT.

 

 

	 	•	 	WITH RESPECT TO ANY CHARGES OR COMPLAINTS THAT HAVE BEEN FILED OR MAY BE FILED
CONCERNING EVENTS OR ACTIONS RELATED TO MY EMPLOYMENT, RESIGNATION OR TERMINATION OF
EMPLOYMENT, I WAIVE AND RELEASE ANY RIGHT TO RECOVER IN ANY LAWSUIT OR PROCEEDING
BROUGHT BY ANY PERSON, ENTITY OR ADMINISTRATIVE AGENCY ON MY BEHALF OR WHICH INCLUDES
ME IN A CLASS.
	 
	 	•	 	By signing this Agreement, I represent that I have not commenced any proceeding
against the Company in any forum (administrative or judicial) concerning my employment
and my decision to resign.
	 
	 	•	 	The Company advised me to consult with an attorney of my choosing prior to signing
this Agreement. I understand that I have the right and have been given the
opportunity to review this Agreement, specifically the release provisions, with an
attorney. I have entered into and signed this Agreement freely, knowingly and
voluntarily on my own behalf, and also on the behalf of any heirs, agents,
representatives, successors, or assigns.
	 
	 	•	 	I acknowledge I have had at least twenty-one (21) days to consider the terms of
this Agreement and that after I sign this agreement I have a period of seven (7)
consecutive calendar days to revoke this agreement, and after such seven (7) days it
becomes final.
	 
	 	•	 	This Agreement shall be construed, interpreted and governed in accordance with the
laws of the State of North Carolina and the United States of America without reference
to rules relating to conflicts of law. All provisions and portions of this Agreement
are severable. If any provision or portion of this Agreement or the application of any
provision or portion of this Agreement to any person, to any circumstance, or to any
claims is determined to be invalid or unenforceable to any extent for any reason, the
remaining provisions and portions of this Agreement shall be unaffected and shall
continue to be enforceable to the fullest extent permitted by law.

Accepted, understood and agreed:

	 	 	 
	 

	 

	 	 
	Dianne M. Neal

	 	DateEX-4.2 FORM OF CERTIFICATE

 

Exhibit 4.2

  

	S H A R E S
GPK
COMMON STOCK GRAPHIC PACKAGING HOLDING COMPANY COMMON STOCK
PAR VALUE $0.01CUSIP 644475 10 5
PER SHARE            SEE REVERSE FOR CERTAIN DEFINITIONS
INCORPORATED UNDER THE LAWS OF THE STATE OF
DELAWARE
THIS CERTIFIES THAT:
IS THE OWNER OF:
FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, PAR VALUE $0.01 PER SHARE, OF            BY            COUNTERSIGNED
GRAPHIC PACKAGING HOLDING COMPANY hereinafter called the “Corporation”, transferable on the
books of the Corporation by the holder hereof in person, or by his duly authorized attorney, upon
the surrender of this Certificate properly endorsed. This Certificate and the shares represented
hereby are issued and shall be held subject to all of the provisions of the Restated Certificate of
Incorporation and By-laws of the Corporation and all amendments thereto. WELLS AND
This Certificate is not valid until countersigned and registered by the Transfer Agent and
Registrar.
REGISTERED:
WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized
officers.
ING H FARGO
DATED:O
GL
K POR DI
C OR A
C TE NG AUTHORIZED BANK,
P A SEAL C
C I O
H P M AND N.A.
P
A DELAWAR E A REGISTRAR TRANSFER
RG YN
HOFFICER            AGENT
SECRETARYDIRECTOR, PRESIDENT AND CHIEF EXECUTIVE OFFICER

 

	THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS.
The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM -as tenants in common UNIF TRANS MIN ACT- Custodian
TEN ENT -as tenants by the entireties (Cust) (Minor) JT TEN -as joint tenants with right of under Uniform Transfers to Minors survivorship and not as tenants in common Act
(State)
Additional abbreviations may also be used though not in the above list.
FOR VALUE RECEIVED hereby sell, assign and transfer unto
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING ZIP CODE OF ASSIGNEE)
Shares of the Common Stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.
Dated X
X
NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
SIGNATURE(S) GUARANTEED:
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS, AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.
KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.
This certificate also evidences and entitles the holder hereof to
certain Rights as set forth in the Rights Agreement between the Corporation and Wells Fargo Bank, N.A., as it may be amended from time to time (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Corporation. Under certain circumstances,
as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate. The Corporation will mail to the holder of this certificate a copy of the Rights Agreement (as in effect on the date of mailing) without charge promptly after receipt of a written request therefor. Under certain
circumstances set forth in the Rights Agreement, Rights beneficially owned by an Acquiring Person, or any Associate or Affiliate thereof (as such terms are defined in the Rights Agreement), whether currently held by or on behalf of such Person or by any subsequent holder, may become null and void.

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