Document:

Amendment to Thomas J. McEvoy Employment Agreement

 Exhibit 10.1 
  

					
	 

  
 To: Tom McEvoy
 June 26, 2009
	 		  	 

  
 Embarq Corporation
 5454 West 110th Street
 Overland Park, KS 66211
 EMBARQ.com

	 	  
	 	  
	 	  
	 	  

 Amendment No. 2 to Employment Agreement 
 This Amendment No. 2 (this “Amendment No. 2”) amends the Employment Agreement, dated December 9, 1997 and amended as of December 23, 2008
(the “Employment Agreement”), between you and Embarq Corporation, a Delaware Corporation (“Embarq”). In connection with the proposed merger between Embarq, CenturyTel, Inc., a Louisiana Corporation (“CenturyTel”) and
Cajun Acquisition Company, a Delaware Corporation and wholly owned subsidiary of CenturyTel (the “Merger”), Embarq, CenturyTel and you agree that your Employment Agreement is hereby amended as follows: 
  

	 	1.	Employment Agreement. As modified herein, the obligations of Embarq under the Employment Agreement shall be the obligations of the surviving corporation of the Merger (the
“Company”) on and after the closing date of the Merger (the “Closing Date”). 

  

	 	2.	Constructive Discharge. Effective on the Closing Date, the change in your targeted total compensation shall be deemed to constitute Constructive Discharge (as defined in the
Employment Agreement) for purposes of the Employment Agreement. The Company shall have no right to cure such event of Constructive Discharge. You shall not be required to give the notice of termination contemplated by Section 6.07 of your
Employment Agreement (the “Notice”) within 60 days of the Closing Date as a result of such change in your targeted total compensation; instead, you will have until a date of your choosing between the Closing Date and the first anniversary
of the Closing Date (“Good Reason Notice Period”) to give the 60-day Notice. Unless you and the Company agree in writing otherwise, your employment with the Company will terminate on the 60th day following the date you give the Notice (the
“Constructive Discharge Date”). Upon the Constructive Discharge Date, you will be entitled to the severance benefits described in Section 6.13 of the Employment Agreement. Such severance benefits shall be payable in accordance with
the terms of Section 6.13 of the Employment Agreement, except that the severance benefits shall be calculated in accordance with the compensation you were receiving immediately prior to the Closing Date rather than the compensation you will be
receiving as of the Constructive Discharge Date. 

  

	 	3.	 Employment after the Closing Date. The period between the Closing Date and the Constructive Discharge Date (the “Post-Closing Employment Period”),
shall be treated for all purposes of the Employment Agreement as part of your 

	 	 
employment. During the Post-Closing Employment Period you shall report directly to the Chief Operating Officer of the Company, and your principal place of
employment shall be your employment location prior to the Closing Date. Your area of responsibility during the Post-Closing Employment Period will be leadership of the enterprise sales, CLEC, indirect, sales strategy and sales support functions.

  

	 	4.	Job Grade and Base Salary. Between the Closing Date and December 31, 2009, your annualized base salary will be the same as it was on January 1, 2009. Starting on
January 1, 2010 and for the remainder of your Post-Closing Employment Period, your annualized base salary will be $304,890. 

  

	 	5.	Short-term Incentive Target Opportunity. For 2009, your annualized short-term incentive target opportunity will remain the same as it was on January 1, 2009. Starting on
January 1, 2010 and for the remainder of your Post-Closing Employment Period, your short-term incentive target opportunity will be 45% of your base salary. 

  

	 	6.	Condition to Effectiveness. This Amendment No. 2 shall only become effective upon the Closing Date. 

  

	 	7.	Construction. The remaining provisions of the Employment Agreement not otherwise amended by this Amendment No. 2 shall be construed in good faith by the parties in a
manner that is reasonably consistent with the terms of this Amendment No. 2. The parties agree to execute such additional documents as shall be reasonably necessary to effect the forgoing provisions. In the event of any conflict between the
terms of this Amendment No. 2 and the Employment Agreement, the terms of this Amendment No. 2 shall control. Except as modified by this Amendment No. 2, the terms of the Employment Agreement shall continue to apply to you and the
Company on and after the Closing Date. 

  

	 	8.	Governing Law. This Amendment No. 2 shall be governed by and construed in accordance with the domestic laws of the State of Kansas, without giving effect to any choice
or conflict of law provisions thereof. 

  

	 	9.	Counterparts. This Amendment No. 2 may be executed in one or more counterparts, each of which shall be deemed and original but all of which together will constitute one
and the same instrument. 

 [Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereby agree to the terms of this Amendment No. 2.

  

			
	EMBARQ CORPORATION
	
	 /s/ E.J. Holland, Jr.

	Name:	 	E. J. Holland, Jr.
	Title:	 	Senior Vice President, HR & Communications

  

			
	ACCEPTED AND AGREED:
	
	 /s/ Thomas J. McEvoy

	Thomas J. McEvoy
	
	CENTURYTEL, INC.
	
	 /s/ Ivan S. Hughes

	Name:	 	Ivan S. Hughes
	Title:	 	Vice President, Human ResourcesClass A(2009-5) REOPEN Supplemental Indenture to the Class A(2009-5)

 Exhibit 4.1 
  
  
  
 CHASE ISSUANCE TRUST 
 as Issuing Entity

 SUPPLEMENTAL INDENTURE 
 with respect to Additional Class A(2009-5) Notes 
 dated as of June 30, 2009 
 to 
 CLASS A(2009-5) TERMS DOCUMENT 

 dated as of June 26, 2009 
 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to 
 THIRD AMENDED AND RESTATED 
 INDENTURE 
 dated as of December 19,
2007 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	 	 	 	PAGE
	 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL
  
 APPLICATION

	Section 1.1	 	Definitions	 	1
			
	Section 1.2	 	Governing Law	 	2
			
	Section 1.3	 	Counterparts	 	2
			
	Section 1.4	 	Ratification of Indenture, Indenture Supplement and Terms Document	 	2
			
	Section 1.5	 	Full Force and Effect of Terms Document	 	2
	
	ARTICLE II THE ADDITIONAL CLASS A(2009-5) NOTES
			
	Section 2.1	 	Terms and Issuance	 	3
			
	Section 2.2	 	Modification of Defined Terms	 	3
			
	Section 2.3	 	First Interest Payment Date	 	3
			
	Section 2.4	 	Form of Delivery of Additional Class A(2009-5) Notes; Depository; Denominations	 	3
			
	Section 2.5	 	Delivery and Payment for the Additional Class A(2009-5) Notes	 	4
			
	Section 2.6	 	Supplemental Indenture	 	4

 THIS SUPPLEMENTAL INDENTURE WITH RESPECT TO ADDITIONAL CLASS A(2009-5) NOTES (this “Supplemental
Indenture”), by and between the CHASE ISSUANCE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust Company, 1100 North Market
Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and collateral agent (the “Collateral Agent”), is
made and entered into as of June 30, 2009 and hereby modifies and supplements the Class A(2009-5) Terms Document (the “Terms Document”) entered into by the Issuing Entity, the Indenture Trustee and the Collateral Agent as of
June 26, 2009. 
 WHEREAS, the Issuing Entity and the Indenture Trustee have created, pursuant to the Terms Document, a Tranche of
CHASEseries Class A Notes known as the “CHASEseries Class A(2009-5) Notes.” 
 WHEREAS, pursuant to Section 3.10(c) of
the Indenture, the Issuing Entity and the Indenture Trustee shall issue the Additional Class A(2009-5) Notes (as defined below) that shall be identical in all respects to all other Outstanding Class A(2009-5) Notes and will be equally and ratably
entitled to the benefits of the Indenture and the Indenture Supplement as all other Outstanding Class A(2009-5) Notes without preference, priority or distinction. 
 NOW, THEREFORE, in connection with the issuance of the Additional Class A(2009-5) Notes, the Issuing Entity and the Indenture Trustee enter into this Supplemental Indenture. 
 ARTICLE I 
 DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION 
 Section 1.1 Definitions. For all purposes of this Supplemental Indenture, except as otherwise expressly
provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to them in this
Article, and include the plural as well as the singular; and 
 (b) all other terms used herein which are defined in the Indenture
Supplement, the Indenture, the Asset Pool Supplement or the Terms Document, either directly or by reference therein and are not modified by Section 2.2 hereof, have the meanings assigned to them therein. 
 “Additional Class A(2009-5) Notes” means the $320,000,000 principal amount Class A(2009-5) Notes described in this Supplemental
Indenture, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2009-5) Note and duly executed and authenticated in accordance with the Indenture. 
  

 1 

 “Additional Issuance Date” means June 30, 2009. 
 Section 1.2 Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE
WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.3 Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed will be deemed to
be an original, but all such counterparts will together constitute but one and the same instrument. 
 Section 1.4 Ratification of
Indenture, Indenture Supplement and Terms Document. As supplemented by this Supplemental Indenture, each of the Indenture, the Asset Pool Supplement, the Indenture Supplement and the Terms Document is in all respects ratified and confirmed and
the Indenture as so supplemented by the Asset Pool Supplement, the Indenture Supplement as so supplemented by the Terms Document and the Terms Document and so supplemented by this Supplemental Indenture shall be read, taken and construed as one and
the same instrument. 
 Section 1.5 Full Force and Effect of Terms Document. All terms and conditions of the Terms Document not
changed hereby shall remain in full force and effect. 
 [END OF ARTICLE I] 
  

 2 

 ARTICLE II 
 THE ADDITIONAL CLASS A(2009-5) NOTES 
 Section 2.1 Terms and Issuance. The Additional Class A(2009-5)
Notes shall be identical in all respects to all other Outstanding Class A(2009-5) Notes, except as noted in Section 2.3 herein, and will be equally and ratably entitled to the benefits of the Indenture, the Indenture Supplement and the Terms
Document as all other Outstanding Class A(2009-5) Notes without preference, priority or distinction. The Additional Class A(2009-5) Notes shall be issued pursuant to the Indenture and the Indenture Supplement on the Additional Issuance Date.

 Section 2.2 Modification of Defined Terms. Upon issuance of the Additional Class A(2009-5) Notes, all references in the Terms
Document to the Class A(2009-5) Notes shall include the Additional Class A(2009-5) Notes and each of the following terms, as used in the Terms Document, shall have the respective meanings set forth below: 
 “Controlled Accumulation Amount” means $184,500,000; provided, however, if the Accumulation Period Length is determined to
be less than ten months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2009-5) Notes will be the amount specified in the definition of
“Controlled Accumulation Amount” in the Indenture Supplement. 
 “Initial Dollar Principal Amount” means
$1,845,000,000. 
 “Stated Principal Amount” means $1,845,000,000. 
 Section 2.3 First Interest Payment Date. The amount of interest due for the first Interest Payment Date with respect to the Additional Class
A(2009-5) Notes shall be an amount equal to the product of (x) $320,000,000, (y) 19 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2009-5) Notes determined on June 24, 2009. 
 Section 2.4 Form of Delivery of Additional Class A(2009-5) Notes; Depository; Denominations. 
 (a) The Additional Class A(2009-5) Notes shall each be delivered in the form of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the
Indenture, respectively. 
 (b) The Depository for the Additional Class A(2009-5) Notes shall be The Depository Trust Company, and the
Additional Class A(2009-5) Notes shall initially be registered in the name of Cede & Co., its nominee. 
  

 3 

 (c) The Additional Class A(2009-5) Notes will be issued in minimum denominations of $100,000 and integral
multiples of $1,000 in excess of $100,000. 
 Section 2.5 Delivery and Payment for the Additional Class A(2009-5) Notes. The Issuing
Entity shall execute and deliver the Additional Class A(2009-5) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Additional Class A(2009-5) Notes when authenticated, each in accordance with
Section 3.03 of the Indenture. 
 Section 2.6 Supplemental Indenture. The Issuing Entity may enter into a supplemental indenture
with respect to the Class A(2009-5) Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the Class A(2009-5) Notes
shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change in credit enhancement will not
result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 
 [END OF ARTICLE II] 
  

 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all
as of the day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	CHASE BANK USA, NATIONAL ASSOCIATION,
		 	as Beneficiary and not in its individual capacity
		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Indenture Trustee and Collateral Agent

		
	By:	 	 /s/ Cheryl Zimmerman

	Name:	 	Cheryl Zimmerman
	Title:	 	Vice President

 Supplemental Indenture 
 CHASEseries Additional Class A(2009-5) REOPEN Notes Issuance

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]