Document:

exv4w3

Exhibit 4.3

CERTIFICATE OF CORRECTION

OF

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

OF

PHOENIX TECHNOLOGIES LTD.

(Originally incorporated under the name

Phoenix Technologies (Delaware) Ltd.)

Pursuant to Section 103(f) of the

General Corporation Law of the State of Delaware

 

     The undersigned, Timothy C. Chu, Vice President, General Counsel and Secretary of Phoenix
Technologies Ltd., a corporation organized and existing under the General Corporation Law of the
State of Delaware, does hereby certify as follows:

          1. The name of the corporation filing this certificate is Phoenix Technologies Ltd. and it is
a Delaware corporation.

          2. The instrument being corrected is entitled “AMENDED AND RESTATED CERTIFICATE OF
INCORPORATION OF PHOENIX TECHNOLOGIES LTD.” and said instrument was filed in the office of the
Secretary of State of the State of Delaware on January 3, 2008.

          3. The instrument inaccurately purported to restate the certificate of incorporation of the
corporation pursuant to Section 245 of the General Corporation Law of the State of Delaware. The
instrument, as corrected, should amend Articles FOURTH and ELEVENTH of the Amended and Restated
Certificate of Incorporation of the corporation filed in the office of the Secretary of State of
the State of Delaware on July 23, 1998 (the “Restated Certificate”), pursuant to Section 242 of the
General Corporation Law of the State of Delaware, but should not restate the Restated Certificate,
and the Restated Certificate should not be superseded but should remain in effect, as amended by
the instrument. Similarly, the Certificate of Designation of Rights, Preferences and Privileges of
Series B Participating Preferred Stock filed in the office of the Secretary of State of the State
of Delaware on October 28, 1999 should not be superseded but should remain in effect.

          4. The contents of the instrument were inaccurately set forth as follows:

“AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

OF

PHOENIX TECHNOLOGIES LTD.

(Originally incorporated under the name

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Phoenix Technologies (Delaware) Ltd.)

Pursuant to Section 245 of the

General Corporation Law of the State of Delaware

 

     The undersigned, Timothy C. Chu, Vice President, General Counsel and Secretary of
Phoenix Technologies Ltd., a corporation organized and existing under the General
Corporation Law of the State of Delaware (the “Corporation”), does hereby certify as
follows:

1. The Certificate of Incorporation of this Corporation, originally filed in the Office of
the Secretary of State of Delaware on October 31, 1986, and recorded in the office of the
Recorder of New Castle County, State of Delaware, on November 3, 1986, is hereby amended
and restated in its entirety to read as follows:

     FIRST. The name of the Corporation is Phoenix Technologies Ltd.

     SECOND. The address of its registered office in the State of Delaware is Corporation
Trust Center, 1209 Orange Street, in the City of Wilmington, County of New Castle, Delaware
19801. The name of its registered agent at such address is The Corporation Trust Company.

     THIRD. The nature of the business or purposes to be conducted or promoted is as
follows: to engage in any lawful act or activity for which corporations may be organized
under the General Corporation Law of Delaware.

     FOURTH.

     (a) The total number of shares of stock which the Corporation shall have authority to
issue shall be 60,500,000, of which 60,000,000 shares shall be designated as Common Stock
each of which shall have a par value of $.001 (the “Common Stock”), and 500,000 shall be
designated as Preferred Stock each of which shall have a par value of $.10 (the “Preferred
Stock”).

     (b) The Preferred Stock may be issued from time to time in one or more series. The
Board of Directors of the Corporation is hereby authorized, within the limitations and
restrictions stated in this Amended and Restated Certificate of Incorporation, to determine
or alter the rights, preferences, powers, privileges and the restrictions, qualifications
and limitations granted to or imposed upon any wholly unissued series of Preferred Stock,
and the number of shares constituting any such series and the designation thereof; and to
increase or decrease the number of shares constituting any such series; and to increase or
decrease the number of shares of any series subsequent to issue of that series, but not
below the number of shares of such series then outstanding. In case the number of shares of
any series shall be so decreased, the shares then constituting such decrease shall resume
the status which they had prior to the adoption of the resolution originally fixing the
number of shares of such series.

     FIFTH. The Corporation is to have perpetual existence.

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     SIXTH. In furtherance and not in limitation of the powers conferred by the laws of
the State of Delaware.

          A. The Board of Directors of the Corporation is expressly authorized to adopt, amend
or repeal the bylaws of the Corporation (except so far as the bylaws of the Corporation
adopted by the stockholders shall otherwise provide). Any bylaws made by the directors
under the powers conferred hereby may be altered, amended or repealed by the directors or
by the stockholders. Notwithstanding the foregoing and any other provision of law, this
Amended and Restated Certificate of Incorporation or the bylaws of the Corporation, and
notwithstanding the fact that a lesser percentage may be specified by law, Sections 3, 10
and 11 of Article I of the bylaws shall not be altered, amended or repealed after the
consummation of the first public offering of Common Stock pursuant to a registration
statement declared effective under the Securities Act of 1933, as amended, without the
affirmative vote of the holders of at least two-thirds (2/3) of the votes which all
stockholders would be entitled to cast at any annual election of directors except to
renumber the Section designations thereof. Notwithstanding any other provision of law,
this Amended and Restated Certificate of Incorporation or the bylaws of the Corporation,
and notwithstanding the fact that a lesser percentage may be specified by law, the
affirmative vote of the holders of at least two-thirds (2/3) of the votes which all the
stockholders would be entitled to cast at any annual election of directors shall be
required to alter, amend or repeal this paragraph of this Article.

          B. Elections of directors need not be by written ballot unless the bylaws of the
Corporation shall so provide.

          C. The books of the Corporation may be kept at such place within or without the
State of Delaware as the bylaws of the Corporation may provide or as may be designated from
time to time by the Board of Directors.

     SEVENTH. Whenever a compromise or arrangement is proposed between this Corporation
and its creditors or any class of them and/or between this Corporation and its stockholders
or any class of them, any court of equitable jurisdiction within the State of Delaware may,
on the application in a summary way of this Corporation or of any creditor or stockholder
thereof or on the application of any receiver or receivers appointed for this Corporation
under the provisions of Section 291 of Title 8 of the Delaware Code or on the application
of trustees in dissolution or of any receiver or receivers appointed for this Corporation
under the provisions of Section 279 of Title 8 of the Delaware Code, order a meeting of the
creditors or class of creditors, and/or of the stockholders or class of stockholders of
this Corporation, as the case may be, to be summoned in such manner as the said court
directs. If a majority in number representing three-fourths in value of the creditors or
class of creditors, and/or of the stockholders or class of stockholders of this
Corporation, as the case may be, agree to any compromise or arrangement and to any
reorganization of this Corporation as a consequence of such compromise or arrangement, the
said compromise or arrangement and the said reorganization shall, if sanctioned by the
court to which the said application has been made, be binding on all the creditors or class
of creditors, and/or on all the stockholders or class of stockholders, of this Corporation,
as the case may be, and also on this Corporation.

     EIGHTH. No holder of shares of the Common Stock shall be entitled as such, as a
matter of right, to subscribe for or purchase any part of any new or additional issue of

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stock of any class whatsoever of the Corporation, or of securities convertible into stock
of any class, whether now or hereafter authorized, or whether issued for cash or other
consideration or by way of dividend.

     NINTH. A director of the Corporation shall not be personally liable to the
Corporation or its stockholders for monetary damages for breach of fiduciary duty as a
director, except for liability (i) for any breach of the director’s duty of loyalty to the
Corporation or its stockholders, (ii) for acts or omissions not in good faith or which
involve intentional misconduct or knowing violation of law, (iii) under Section 174 of the
General Corporation Law of Delaware, or (iv) for any transaction from which the director
derived an improper personal benefit. If the General Corporation Law of Delaware is amended
after the filing hereof to authorize corporate action further eliminating or limiting the
personal liability of directors, then the liability of a director of the corporation shall
be eliminated or limited to the fullest extent permitted by the General Corporation Law of
Delaware, as so amended.

     TENTH.

          A. Right to Indemnification. Each person who was or is made a party or is
threatened to be made a party to or is involved in any action, suit or proceeding, whether
civil, criminal, administrative or investigative (hereinafter a “proceeding”) by reason of
the fact that he or she, or a person of whom he or she is the legal representative, is or
was a director or officer of the Corporation or is or was serving at the request of the
Corporation as a director, officer, employee or agent of another corporation or of a
partnership, joint venture, trust or other enterprise, including service with respect to
employee benefit plans, whether the basis of such proceeding is alleged action in an
official capacity as a director, officer, employee or agent or in any other capacity while
serving as a director, officer, employee or agent, shall be indemnified and held harmless
by the Corporation to the fullest extent authorized by the General Corporation Law of
Delaware, as the same exists or may hereafter be amended (but, in the case of any such
amendment, only to the extent that such amendment permits the Corporation to provide
broader indemnification rights than such law permitted the Corporation to provide prior to
such amendment), against all expense, liability and loss (including attorneys’ fees,
judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in
settlement) reasonably incurred or suffered by such person in connection therewith and such
indemnification shall continue as to a person who has ceased to be a director, officer,
employee or agent and shall inure to the benefit of his or her heirs, executors and
administrators: provided, however, that, except as provided in paragraph (B) hereof, the
Corporation shall indemnify any such person seeking indemnification in connection with a
proceeding (or part thereof) initiated by such person only if such proceeding (or part
thereof) was authorized by the Board of Directors of the Corporation. The right to
indemnification conferred in this Article shall be a contract right and shall include the
right to be paid by the Corporation the expenses incurred in defending any such proceeding
in advance of its final disposition: provided, however, that, if the General Corporation
Law of Delaware so requires, the payment of such expenses incurred by a director or officer
in his or her capacity as a director or officer (and not in any other capacity in which
service was or is rendered by such person while a director or officer, including, without
limitation, service to an employee benefit plan) in advance of the final disposition of a
proceeding shall be made only upon delivery to the Corporation of an undertaking, by or on
behalf of such director or officer, to repay all amounts so advanced if it shall ultimately
be determined that such director or officer is not entitled to be

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indemnified under this Article or otherwise. The Corporation may, by action of its Board of
Directors, provide indemnification to employees and agents of the Corporation with the same
scope and effect as the foregoing indemnification of directors and officers.

          B. Right of Claimant to Bring Suit. If a claim under paragraph (A) of this
Article is not paid in full by the Corporation within thirty days after a written claim has
been received by the Corporation, the claimant may at any time thereafter bring suit
against the Corporation to recover the unpaid amount of the claim and, if successful in
whole or in part, the claimant shall be entitled to be paid also the expense of prosecuting
such claim. It shall be a defense to any such action (other than an action brought to
enforce a claim for expenses incurred in defending any proceeding in advance of its final
disposition where the required undertaking, if any is required, has been tendered to the
Corporation) that the claimant has not met the standards of conduct which make it
permissible under the General Corporation Law of Delaware for the Corporation to indemnify
the claimant for the amount claimed, but the burden of proving such defense shall be on the
Corporation. Neither the failure of the Corporation (including its Board of Directors,
independent legal counsel, or its stockholders) to have made a determination prior to the
commencement of such action that indemnification of the claimant is proper in the
circumstances because he or she has met the applicable standards of conduct set forth in
the General Corporation Law of Delaware, nor an actual determination by the Corporation
(including its Board of Directors, independent legal counsel, or its stockholders) that the
claimant has not met such applicable standard of conduct, shall be a defense to the action
or create a presumption that the claimant has not met the applicable standard of conduct.

          C. Nonexclusivity of Rights. The right to indemnification and the payment of
expense incurred in defending a proceeding in advance of its final disposition conferred in
this Article shall not be exclusive of any other right which any person may have or
hereafter acquire under any statute, provision of this Amended and Restated Certificate of
Incorporation, bylaw, agreement, vote of stockholders or disinterested directors or
otherwise.

          D. Insurance. The Corporation may maintain insurance, at its expense, to
protect itself and any director, officer, employee or agent of the Corporation or another
corporation, partnership, joint venture, trust or other enterprise against any such
expense, liability or loss, whether or not the Corporation would have the power to
indemnify such person against such expense, liability or loss under the General Corporation
Law of Delaware.

     ELEVENTH. This Article is inserted for the management of the business and for the
conduct of the affairs of the Corporation, and it is expressly provided that it is intended
to be a furtherance and not in limitation or exclusion of the powers conferred by the
statutes of the State of Delaware.

          A. Number of Directors. Subject to the rights of the holders of Preferred
Stock of the Corporation then outstanding to elect additional directors under specified
circumstances, the number of directors of the Corporation shall not be less than three nor
more than 13. The exact number of directors within the minimum and maximum limitations
specified in the preceding sentence shall be fixed from time to time pursuant to a
resolution adopted by a majority of the entire Board of Directors.

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          B. Terms of Office. Each director shall hold office until the next annual
meeting of the stockholders and until his successor shall be elected and qualified or until
his earlier death, resignation or removal.

          C. Quorum: Action of Meeting. A majority of the directors at any time in
office shall constitute a quorum for the transaction of business and, if at any meeting of
the Board of Directors there shall be less than such a quorum, a majority of those present
may adjourn the meeting from time to time. Every act or decision done or made by a majority
of the directors present at a meeting duly held at which a quorum is present shall be
regarded as the act of the Board of Directors unless a greater number is required by law,
by the bylaws of the Corporation or by this Restated Certificate of Incorporation.

          D. Removal. Subject to the rights of the holders of any Preferred Stock
then outstanding, any director or the entire Board of Directors may be removed from office
at any time with or without cause by the affirmative vote of the holders of at least
two-thirds of the voting power of all the shares of the Corporation entitled to vote
generally in the election of directors voting together as a single class.

          E. Tenure. Notwithstanding any provisions to the contrary contained herein,
each director shall serve until a successor is elected and qualified or until his death,
resignation or removal.

          F. Vacancies. Subject to the rights of the holders of any Preferred Stock
then outstanding, any vacancies in the Board of Directors occurring for any reason and any
newly created directorships resulting from any increase in the number of directors may be
filled only by the Board of Directors acting by the affirmative vote of at least a majority
of the directors then in office, although less than a quorum. Each director so chosen shall
hold office until the next annual meeting and until his successor shall be elected and
qualified or until his earlier death, resignation or removal.

          G. Stockholder Nominations and Introduction of Business, Etc. Advance notice
of stockholder nominations for election of directors and other business to be brought by
stockholders before a meeting of stockholders shall be given in the manner provided in the
bylaws of the Corporation and the appointment of judges of election shall be made in the
manner provided in the bylaws of the Corporation.

          H. Amendments to Article. Notwithstanding any other provisions of law, this
Amended and Restated Certificate of Incorporation or the bylaws of the Corporation, and
notwithstanding the fact that a lesser percentage may be specified by law, the affirmative
vote of the holders of at least two-thirds (2/3) of the votes which all the stockholders
would be entitled to cast at any annual election of directors shall be required to amend or
repeal, or to adopt any provision inconsistent with, this Article; provided, however, that
this requirement shall not apply to any amendment, alteration, change or repeal recommended
to the shareholders by a majority of the directors then in office.

     TWELFTH. Notwithstanding any provisions of the bylaws of the Corporation,
stockholders of the Corporation may not take any action by written consent in lieu of a
meeting. Notwithstanding any other provision of law, this Amended and Restated Certificate
of Incorporation or the bylaws of the Corporation, and notwithstanding the fact that a
lesser percentage may be specified by law, the affirmative vote of the holders of at least
two-thirds (2/3) of the votes which all the stockholders would be entitled to

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cast at any annual election of directors shall be required to amend or repeal, or to adopt
any provision inconsistent with, this Article.

     THIRTEENTH.

          A. Except as provided in paragraph B of this Article, a Business Combination in
which an Interested Stockholder or an Affiliate or Associate of an Interested Stockholder
has a direct or indirect interest shall require authorization by the affirmative vote of
the holders of at least two-thirds (2/3) of the Voting Shares.

          B. The provisions of paragraph A of this Article shall not be applicable to any
Business Combination

                    (i) which is approved by a majority of the Continuing Directors,

                    (ii) which is solely between the Corporation and a wholly-owned subsidiary of the
Corporation, or

                    (iii) in which no Interested Stockholder or Affiliate or Associate of an Interested
Stockholder has any interest except proportionately as a stockholder of the Corporation.

          C. For purposes of this Article:

                    (i) “Business Combination” shall mean any:

                              (a) merger or consolidation involving the Corporation or a Subsidiary,

                              (b) sale, lease, exchange, mortgage, pledge, transfer, or other disposition (in one
transaction or a series of related transactions) of all or any Substantial Part of the
property and assets of the Corporation or a Subsidiary,

                              (c) liquidation (complete or partial) or dissolution of the Corporation or a
Subsidiary,

                              (d) reclassification of or recapitalization involving securities of the Corporation
or a Subsidiary, or any other transaction to which the Corporation or a Subsidiary is a
party (including, without limitation, the issuance or other disposition of any securities
of the Corporation or a Subsidiary), that would have the effect of increasing the voting
power or equity interest of an Interested Stockholder or an Affiliate or Associate of an
Interested Stockholder,

                              (e) sale, lease, exchange, mortgage, pledge, transfer, or other disposition (in one
transaction or a series of related transactions) of all or a Substantial Part of the
property and assets of any other corporation or other entity to the Corporation or any
Subsidiary,

                              (f) acquisition of securities by the Corporation or a Subsidiary, or

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                              (g) agreement, contract or other arrangement providing for any of the transactions
described in clauses (a) — (f) above.

                    (ii) “Person” shall mean any individual, corporation, partnership, trust, or other
entity. When two or more persons act as a syndicate or other group for the purpose of
acquiring, holding, or disposing of Voting Shares, such syndicate or other group shall be
deemed a person for purposes of this subparagraph.

                    (iii) “Interested Stockholder” shall mean, in respect of any Business Combination,
any person (other than the Corporation or a Subsidiary, or any profit-sharing, employee
stock ownership or other employee benefit plan of the Corporation or any Subsidiary or any
fiduciary of any such plan when acting in such capacity) who or which, as of the record
date for the determination of stockholders entitled to notice of and to vote on such
Business Combination, or immediately prior to the consummation of any such Business
Combination, or at the time a resolution approving such Business Combination is approved by
the Continuing Directors, or at the time the definitive agreement (including any amendment
thereof) providing for such transaction is entered into:

                              (a) is the beneficial owner of more than 15% of the Voting Shares,

                              (b) at any time within the two-year period immediately prior to such time was the
beneficial owner of more than 15% of the then outstanding Voting Shares, or

                              (c) is at any time an assignee of or has otherwise succeeded to the beneficial
ownership of any Voting Shares which were at any time within two years prior to such time
beneficially owned by any Interested Stockholder (provided such assignment or succession
shall have occurred in the course of a transaction or series of transactions not involving
a public offering within the meaning of the Securities Act of 1933, as amended).

                              (iv) A person shall be the “beneficial owner” of any Voting Shares:

                              (a) with respect to which such person or any Affiliate or Associate of such person
has or shares, directly or indirectly, through any contract, arrangement, understanding,
relationship or otherwise, voting or investment power,

                              (b) which such person or an Affiliate or Associate of such person has a right to
acquire (whether such right is exercisable immediately or only after the passage of time)
beneficial ownership of, pursuant to any agreement, arrangement or understanding or upon
the exercise of conversion rights, exchange rights, warrants or options, or otherwise, or

                              (c) which such person or any Affiliate or Associate of such person would be deemed
to beneficially own pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as
amended.

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                    (v) The outstanding Voting Shares shall include shares deemed owned through
application of subparagraph (iv) above but shall not include any other Voting Shares which
may be issuable pursuant to any agreement, or upon exercise of conversion or exchange
rights, warrants or options, or otherwise.

                    (vi) “Affiliate” and “Associate” shall have the respective meanings given those
terms in Rule 12b-2 under the Securities Exchange Act of 1933, as amended.

                    (vii) “Subsidiary” shall mean a corporation of which a majority of any class of
equity or voting security is owned, directly or indirectly, by the Corporation.

                    (viii) “Continuing Director” shall mean (i) any director who was a duly elected and
acting member of the Board of Directors prior to the time that the Interested Stockholder
involved in a Business Combination first became an Interested Stockholder, other than the
Interested Stockholder or an Affiliate or Associate of such Interested Stockholder, or (ii)
any person who subsequently becomes a member of the Board of Directors who is not an
Interested Stockholder, or an Affiliate or Associate of an Interested Stockholder, if such
person’s nomination for election or reelection is recommended or approved by a majority of
the Continuing Directors.

                    (ix) “Substantial Part” shall mean property having a fair market value equal to more
than 10% of the fair market value of the total assets of the corporation in question, as of
the end of its most recent fiscal year ending prior to the time the determination is being
made.

                    (x) “Voting Shares” shall mean the outstanding shares of capital stock of the
Corporation entitled to vote generally in the election of directors.

          D. A majority of the Continuing Directors shall have the power to determine, on the
basis of information known to them, all matters with respect to which a determination is
required under this Article.

          E. Nothing contained in this Article shall be construed to relieve any Interested
Stockholder from any fiduciary obligation imposed by law.

          F. Notwithstanding any other provision of this Amended and Restated Certificate of
Incorporation, if there is any Interested Stockholder there shall be required to amend,
alter, change or repeal, directly or indirectly, any provision of this Section, the
affirmative vote of the holders of at least two-thirds (2/3) of the Voting Shares;
provided, however, that this requirement shall not apply to any amendment, alteration,
change or repeal recommended to the stockholders by a majority of the Continuing Directors.

     FOURTEENTH. The Corporation reserves the right to amend or repeal any provision
contained in this Amended and Restated Certificate of Incorporation and all rights
conferred upon a stockholder herein are granted subject to this reservation.

2. The foregoing Amended and Restated Certificate of Incorporation has been duly adopted by
the Board of Directors of this Corporation in accordance with Section 245 of the General
Corporation Law of the State of Delaware.

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3. This Amended and Restated Certificate of Incorporation was duly adopted by a majority of
the shares entitled to vote at the Annual Meeting of Stockholders of the Corporation held
on January 2, 2008 in accordance with the applicable provisions of Sections 222, 242 and
245 of the General Corporation Law of the State of Delaware.”

5. The contents of the instrument, as corrected, should read in their entirety as follows:

“CERTIFICATE OF AMENDMENT OF

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF

PHOENIX TECHNOLOGIES LTD.

(Originally incorporated under the name

Phoenix Technologies (Delaware) Ltd.)

Pursuant to Section 242 of the

General Corporation Law of the State of Delaware

 

     The undersigned, Timothy C. Chu, Vice President, General Counsel and Secretary of
Phoenix Technologies Ltd., a corporation organized and existing under the General
Corporation Law of the State of Delaware (the “Corporation”), does hereby certify as
follows:

1. The Certificate of Incorporation of this Corporation was originally filed in the Office
of the Secretary of State of Delaware on October 31, 1986, and recorded in the office of
the Recorder of New Castle County, State of Delaware, on November 3, 1986.

2. This Certificate of Amendment of Amended and Restated Certificate of Incorporation of
this Corporation amends Article FOURTH to read in its entirety as follows:

     FOURTH.

     (a) The total number of shares of stock which the Corporation shall have authority to
issue shall be 60,500,000, of which 60,000,000 shares shall be designated as Common Stock
each of which shall have a par value of $.001 (the “Common Stock”), and 500,000 shall be
designated as Preferred Stock each of which shall have a par value of $.10 (the “Preferred
Stock”).

     (b) The Preferred Stock may be issued from time to time in one or more series. The
Board of Directors of the Corporation is hereby authorized, within the limitations and
restrictions stated in this Amended and Restated Certificate of Incorporation, to determine
or alter the rights, preferences, powers, privileges and the restrictions, qualifications
and limitations granted to or imposed upon any wholly unissued series of Preferred Stock,
and the number of shares constituting any such series and the designation thereof; and to
increase or decrease the number of shares constituting any such series; and to increase or
decrease the number of shares of any series subsequent to

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issue of that series, but not
below the number of shares of such series then outstanding. In case the number of shares of any series shall be so decreased, the shares then constituting
such decrease shall resume the status which they had prior to the adoption of the
resolution originally fixing the number of shares of such series.

3. This Certificate of Amendment of Amended and Restated Certificate of Incorporation of
this Corporation amends Article ELEVENTH to read in its entirety as follows:

     ELEVENTH. This Article is inserted for the management of the business and for the
conduct of the affairs of the Corporation, and it is expressly provided that it is intended
to be a furtherance and not in limitation or exclusion of the powers conferred by the
statutes of the State of Delaware.

          A. Number of Directors. Subject to the rights of the holders of Preferred
Stock of the Corporation then outstanding to elect additional directors under specified
circumstances, the number of directors of the Corporation shall not be less than three nor
more than 13. The exact number of directors within the minimum and maximum limitations
specified in the preceding sentence shall be fixed from time to time pursuant to a
resolution adopted by a majority of the entire Board of Directors.

          B. Terms of Office. Each director shall hold office until the next annual
meeting of the stockholders and until his successor shall be elected and qualified or until
his earlier death, resignation or removal.

          C. Quorum: Action of Meeting. A majority of the directors at any time in
office shall constitute a quorum for the transaction of business and, if at any meeting of
the Board of Directors there shall be less than such a quorum, a majority of those present
may adjourn the meeting from time to time. Every act or decision done or made by a majority
of the directors present at a meeting duly held at which a quorum is present shall be
regarded as the act of the Board of Directors unless a greater number is required by law,
by the bylaws of the Corporation or by this Restated Certificate of Incorporation.

          D. Removal. Subject to the rights of the holders of any Preferred Stock
then outstanding, any director or the entire Board of Directors may be removed from office
at any time with or without cause by the affirmative vote of the holders of at least
two-thirds of the voting power of all the shares of the Corporation entitled to vote
generally in the election of directors voting together as a single class.

          E. Tenure. Notwithstanding any provisions to the contrary contained herein,
each director shall serve until a successor is elected and qualified or until his death,
resignation or removal.

          F. Vacancies. Subject to the rights of the holders of any Preferred Stock
then outstanding, any vacancies in the Board of Directors occurring for any reason and any
newly created directorships resulting from any increase in the number of directors may be
filled only by the Board of Directors acting by the affirmative vote of at least a majority
of the directors then in office, although less than a quorum. Each director so chosen shall
hold office until the next annual meeting and until his successor shall be elected and
qualified or until his earlier death, resignation or removal.

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          G. Stockholder Nominations and Introduction of Business, Etc. Advance notice
of stockholder nominations for election of directors and other business to be brought by
stockholders before a meeting of stockholders shall be given in the manner provided in the
bylaws of the Corporation and the appointment of judges of election shall be made in the
manner provided in the bylaws of the Corporation.

          H. Amendments to Article. Notwithstanding any other provisions of law, this
Amended and Restated Certificate of Incorporation or the bylaws of the Corporation, and
notwithstanding the fact that a lesser percentage may be specified by law, the affirmative
vote of the holders of at least two-thirds (2/3) of the votes which all the stockholders
would be entitled to cast at any annual election of directors shall be required to amend or
repeal, or to adopt any provision inconsistent with, this Article; provided, however, that
this requirement shall not apply to any amendment, alteration, change or repeal recommended
to the shareholders by a majority of the directors then in office.”

4. The foregoing Certificate of Amendment of Amended and Restated Certificate of
Incorporation has been duly adopted by the Board of Directors of this Corporation in
accordance with Section 242 of the General Corporation Law of the State of Delaware.

5. This Certificate of Amendment of Amended and Restated Certificate of Incorporation was
duly adopted by a majority of the shares entitled to vote at the Annual Meeting of
Stockholders of the Corporation held on January 2, 2008 in accordance with the applicable
provisions of Sections 222 and 242 of the General Corporation Law of the State of
Delaware.”

     In Witness Whereof, Phoenix Technologies Ltd. has caused this Certificate of
Correction to be signed by its Vice President, General Counsel and
Secretary this 25th day of
June, 2009.

	 	 	 	 	 	 	 
	 	 	PHOENIX TECHNOLOGIES LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Timothy C. Chu	 	 
	 

	 	 	 	 

Timothy C. Chu, Vice President, 	 	 
	 

	 	 	 	          
          General Counsel and Secretary	 	 

12EX-10.1

Exhibit 10.1

June 19, 2009

William J. Flynn

[ADDRESS]

[ADDRESS]

Dear Bill:

     Horizon Lines, Inc. (the “Company”) has designated you to be a recipient of shares of common
stock of the Company, par value $.01 per share (the “Company Stock”), subject to the service
restrictions and other terms set forth in this letter agreement and in the Horizon Lines, Inc. 2009
Incentive Compensation Plan (the “Plan”).

     The grant of these shares is made pursuant to the Plan. The Plan is administered by the
Compensation Committee (the “Committee”) appointed by the Board of Directors of the Company (the
“Board”). The terms of the Plan are incorporated into this letter and in the case of any conflict
between the Plan and this letter, the terms of the Plan shall control. A copy of the Plan is
attached to this letter.

     1. Grant. In consideration of your agreements contained in this letter, the Company
hereby grants you 15,235 shares of Company Stock (the “Restricted Shares”) effective on June 19,
2009 (the “Grant Date”). The Restricted Shares are subject to service restrictions set forth
below. Until these restrictions lapse, the Restricted Shares are forfeitable and nontransferable.

     2. Vesting. The Restricted Shares shall vest, and become freely transferable, as
follows:

     (a) 100% of the Restricted Shares will vest and become freely transferable as of the
first anniversary of the Grant Date (the “Vesting Date”), provided that you have been in
continuous service as a member of the Board for the period beginning on the Grant Date and
ending on the Vesting Date. If you separate from service prior to the Vesting Date for any
reason other than as described in subsections (b) or (c) below, you will forfeit all rights
in the Restricted Shares at that time, notwithstanding your return to active service prior
to the Vesting Date.

     (b) Notwithstanding subsection (a) above, if, prior to the Vesting Date, you separate
from service due to your death or Disability, your rights in a pro-rated portion of the
Restricted Shares will vest and become freely transferable as of the date of your separation
from service. The pro-rated portion shall be determined by multiplying the number of your
Restricted Shares by a fraction, the numerator of which shall be the number of days from the
Grant Date through the date of your separation from service due to death or Disability, and
the denominator of which shall be the total number of days from the Grant Date through the
Vesting Date. Any resulting fractional shares will be rounded down to the nearest whole
share. Any Restricted Shares that do not vest as of the date of your separation from
service due to death or Disability shall be forfeited at that time.

 

 

     (c) Notwithstanding subsection (a) to the contrary, the Board shall have the discretion
to accelerate the vesting of Restricted Shares awarded pursuant to this letter agreement if
you should experience an approved separation from service as a Board member. The Board will
in its sole discretion determine whether or not to apply this provision and if so, any
additional terms or conditions applicable to its application, including, but not limited to,
the facts and circumstances that may give rise to an approved separation from service and
the number of Restricted Shares with respect to which vesting may be accelerated.

     3. Dividends.

     (a) During the period beginning with the Grant Date and ending with the Vesting Date
(or the earlier forfeiture of your Restricted Shares), you will have the right to receive
dividends on the Restricted Shares to the extent dividends are paid by the Company on its
authorized and issued shares of Company Stock to its shareholders of record. These
dividends, if any, will be paid at the same rate and at the same time as such dividends are
paid by the Company on its authorized and issued shares. However, these dividends, if any,
will be paid into a non-interest bearing account to be held until you shall have met the
requirements for the vesting of the Restricted Shares as provided in Section 2 above, at
which time the accumulated dividends attributable to the Restricted Shares that have vested
and become transferable on the Vesting Date shall be paid to you in a single lump sum
distribution within 90 days following the Vesting Date. Any dividends attributable to
Restricted Shares that do not vest as of the Vesting Date shall be forfeited.

     (b) The Company’s obligation under this Section 3 shall be an unfunded and unsecured
promise to pay. The Company shall not be obligated under any circumstances to fund its
financial obligations under this Section 3 prior to the date any dividends become payable
pursuant to the terms of this Agreement. All dividends held in the non-interest bearing
account described in subsection (a) will remain general assets of the Company subject to the
claims of its general creditors. This Agreement does not give to you any ownership interest
in any assets of the Company, and all rights of ownership in the accumulated dividends are
and remain in the Company. Your right to receive payment of accumulated dividends
attributable to vested Restricted Shares shall be solely those of an unsecured general
creditor of the Company.

     4. Power of Attorney. To facilitate the cancellation of any Restricted Shares
pursuant to Section 2 above, you hereby appoint the Corporate Secretary of the Company as your
attorney in fact, with full power of substitution, and authorize him or her, upon the occurrence of
a forfeiture pursuant to Section 2 above, to notify the Company’s registrar and transfer agent of
the forfeiture of such shares and to deliver to the registrar and transfer agent the certificate
representing such shares together with instructions to cancel the shares forfeited. The registrar
and transfer agent shall be entitled to rely upon any notices and instructions delivered by your
attorney in fact concerning a forfeiture under the terms of this letter.

     5. Book Entry Form; Delivery of Shares. The Company shall, as soon as
administratively feasible after your execution of this letter, direct the Company’s transfer agent

2

 

for Company Stock to make a book entry record showing ownership for the Restricted Shares in
your name, subject to the terms and conditions of the Plan and this letter. As soon as practicable
following the date on which the Restricted Shares become nonforfeitable and fully transferable
pursuant to Section 2 above, the Company will issue appropriate instructions to that effect to the
transfer agent for Company Stock.

     6. Rights as a Shareholder. Subject to the provisions of this letter, you generally
will have all of the rights of a holder of Company Stock with respect to all of the Restricted
Shares awarded to you under this letter from and after the Grant Date until the shares either vest
or are forfeited, including the right to vote such shares and to receive dividends paid thereon, in
accordance with the provisions of Section 3.

     7. Transfer Restrictions. You may not sell, assign, transfer, pledge, hypothecate or
encumber the Restricted Shares awarded to you under this letter prior to the time such Restricted
Shares become fully vested in accordance with this letter.

     8. Fractional Shares. A fractional share of Company Stock will not be issued and any
fractional shares will be disregarded.

     9. Adjustments. If the number of outstanding shares of Company Stock is increased or
decreased as a result of a stock dividend, stock split or combination of shares, recapitalization,
merger in which the Company is the surviving corporation, or other change in the Company’s
capitalization without the receipt of consideration by the Company, the number and kind of your
unvested Restricted Shares shall be proportionately adjusted by the Committee, whose determination
shall be binding.

     10. Notices. Any notice to be given under the terms of this letter shall be addressed
to the Corporate Secretary at 4064 Colony Road, Suite 200, Charlotte, NC 28211. Any notice to be
given to you shall be given to you and shall be addressed to you at your last known address at the
time notice is sent. Any notice to be given to you shall be given to you and shall be addressed to
you at your last known address at the time notice is sent. Notices shall be deemed to have been
duly given if mailed first class, postage prepaid, addressed as above.

     11. Applicable Securities Laws. The Company may delay delivery of the stock
certificates evidencing Restricted Shares until (i) the admission of such shares to listing on any
stock exchange on which the Company Stock may then be listed, (ii) receipt of any required
representation by you or completion of any registration or other qualification of such shares under
any state or federal law or regulation that the Company’s counsel shall determine as necessary or
advisable, and (iii) receipt by the Company of advice by counsel that all applicable legal
requirements have been complied with. Additionally, you may be required to execute a customary
written indication of your investment intent and such other agreements the Company deems necessary
or appropriate to comply with applicable securities laws.

     13. Acceptance of Restricted Shares. By signing below, you indicate your acceptance
of these Restricted Shares and your agreement to the terms and conditions set forth in this letter
agreement, which, together with the terms of the Plan, shall become the Company’s Restricted Stock
Award Agreement with you. You also hereby acknowledge receipt of a copy of the Plan

3

 

and agree to all of the terms and conditions of the Plan, as it may be amended from time to
time. Unless the Company otherwise agrees in writing, this letter will not be effective as a
Restricted Stock Award Agreement if you do not sign and return a copy to the Company.

     14. Compliance with Section 409A of the Code. It is intended that this Agreement
comply with Section 409A of the Code and Treasury Regulations thereunder to the extent it is
subject to Section 409A, and other guidance and transition rules issued thereunder (“Section
409A”), and this Agreement will be interpreted and operated consistently with that intent. If the
Company determines that any provisions of this Agreement do not comply with the requirements of
Section 409A of the Code, the Company has the authority to amend this Agreement to the extent
necessary (including retroactively) in order to preserve compliance with said Section 409A. The
Company also has express discretionary authority to take such other actions as may be permissible
to correct any failures to comply in operation with the requirements of Section 409A. Neither the
Company nor you have any discretion to accelerate the timing or schedule of any benefit payment
under this Agreement that is subject to Section 409A, except as specifically provided herein or as
may be permitted pursuant to Section 409A.

4

 

     IN WITNESS WHEREOF, the Company has caused this Restricted Stock Award Agreement to be signed,
as of this 19th day of June 2009.

	 	 	 	 	 
	 

	 	HORIZON LINES, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	Its:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Agreed and Accepted:
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	William J. Flynn
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	Date
	 	 	 	 

5

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