Document:

Exhibit 10.84

FIRST AMENDMENT TO CONFIDENTIALITY, NON-SOLICITATION

AND NON-COMPETITION AGREEMENT

THIS AMENDMENT is
made this 3rd day of April, 2000, to that certain
Confidentiality, Non-Solicitation and Non-Competition Agreement (the “Agreement”)
entered into as of January 27, 1998 by and between DANIEL J. SULLIVAN (“Sullivan”);
CALIBER SYSTEM, INC.; FEDERAL EXPRESS CORPORATION; RPS, INC., whose name has
been changed to FEDEX GROUND PACKAGE SYSTEM, INC. (“FedEx Ground”); and FDX
CORPORATION, whose name has been changed to FEDEX CORPORATION (hereinafter
sometimes collectively referred to as “the parties”).

WHEREAS, Section 2 (a)(ii) of
the Agreement provides, in consideration of Sullivan’s entering into the
Agreement (including the covenant not to compete contained therein) for the
payment by FedEx Ground to Sullivan a lump sum amount equal to $4,894,376.00 in
the event of the termination of his employment with FedEx Ground after the
first anniversary of the Merger Date (as defined in the Agreement); and

WHEREAS, the first
anniversary of the Merger Date has passed; and

WHEREAS, the
parties mutually agree that Sullivan should receive payment of the amount
specified in Section 2 (a)(ii) of the Agreement and that the
termination of employment condition therein should be waived in consideration
of the extension of Sullivan’s non-competition period from three years to five
years;

NOW, THEREFORE, in consideration of the
foregoing the parties hereby agree as follows:

1.      The
Agreement is hereby amended by substituting the phrase “a period of sixty (60)
months. . .” for “a period of thirty-six (36) months. . .” where the same
appears in the first sentence of Section 3 (c) of the Agreement.

 

 

2.      FedEx Ground shall, promptly following the execution of this
Agreement by the parties, pay to Sullivan the amount described in Section 2
(a)(ii) of the Agreement.

3.      All provisions of the Agreement, except as amended hereby,
shall remain in full force and effect.

IN WITNESS
WHEREOF, the parties have caused this Amendment to be executed on the date
first written above.

	
  /s/ Daniel J. Sullivan

  	
   

  	
   

  	
   

  
	
  DANIEL J.
  SULLIVAN

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CALIBER SYSTEM,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ George W.
  Hearn

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FEDERAL EXPRESS
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ George W.
  Hearn

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FEDEX GROUND
  PACKAGE

  SYSTEM, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ George W.
  Hearn

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FEDEX
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ George W.
  Hearn

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: Corporate
  Vice President

  

 

 2Exhibit 4.1

 

[Face of Note]

Unless
this certificate is presented by an authorized representative of The Depository
Trust Company, a New York corporation (“DTC”), to the Issuer or its agent for
registration of transfer, exchange or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

	
  CUSIP
  NO. 87612E AN 6

  	
  PRINCIPAL
  AMOUNT:  $

  	
   

  
	
  ISIN US87612EAN67

  	
   

  
	
  Common Code No. 026153131

  	
   

  
	
   

  	
   

  
	
  REGISTERED NO. 

  	
   

  	
   

  
				

 

TARGET CORPORATION

5.875% Notes due 2016

TARGET CORPORATION, a
corporation duly organized and existing under the laws of the State of
Minnesota (hereinafter called the “Company,” which term includes any successor
corporation under the Indenture hereinafter referred to), for value received,
hereby promises to pay to Cede & Co., or registered assigns, the
principal sum of ($______________) on July 15, 2016 and to pay interest
thereon from  July 14, 2006 or from
the most recent Interest Payment Date to which interest has been paid or duly
provided for semi-annually on January 15 and July 15 of each year,
commencing January 15, 2007, at the rate of 5.875% per annum, until the
principal hereof is paid or made available for payment. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in the Indenture, be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest, which shall be January 1
or July 1 (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date (whether or not such Interest Payment Date
is a Redemption Date).

Any interest not punctually paid
or duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof shall be given to Holders of Securities
of this series not less than 10 days prior to 

 

such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in the
Indenture.

Payment of interest on this
Security will be made in immediately available funds at the office or agency of
the Company maintained for that purpose in the City of Minneapolis, Minnesota
or the City of Chicago, Illinois, or, at the option of the Holder hereof,  at the office or agency to be maintained for
that purpose in the Borough of Manhattan, The City of New York, in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts; provided,
however, that, at the option of the Company, payment of interest may
be paid by check mailed to the Person entitled thereto at such Person’s last
address as it appears in the Security Register or by wire transfer to such
account as may have been designated by such Person. Payment of principal of and
interest on this Security at Maturity will be made against presentation of this
Security at the office or agency of the Company maintained for that purpose in
the City of Minneapolis, Minnesota or the City of Chicago, Illinois, or, at the
option of the Holder hereof, at the office or agency to be maintained for that
purpose in the Borough of Manhattan, The City of New York.

Reference is hereby made to the
further provisions of this Security set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth
at this place.

Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the
reverse hereof by manual signature, this Security shall not be entitled to any
benefit under the Indenture or be valid or obligatory for any purpose.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal.

	
  DATED:

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TARGET CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
  [SEAL]

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

This is one of the Securities of the

series designated therein referred to

in the within-mentioned Indenture.

J.P. MORGAN TRUST
COMPANY, NATIONAL ASSOCIATION,

as Trustee

	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized
  Signatory

  	
   

  

 

 

 

[Reverse of Note]

TARGET CORPORATION

5.875% Notes due 2016

This Security is one of a duly
authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an indenture dated as of August 4,
2000, as amended or supplemented from time to time (herein called the “Indenture”),
between the Company and J.P. Morgan Trust Company, National Association  (as
successor in interest to Bank One Trust Company, N.A.), as Trustee (herein
called the “Trustee,” which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities, and of the terms upon which the Securities are, and
are to be, authenticated and delivered. This Security is one of the series
designated on the face hereof, such series being limited in initial aggregate
principal amount to $___________; provided, however,
that the Company may, without the consent of the Holders of the Securities of
this series, issue additional Securities with the same terms as the Securities
of this series, and such additional Securities shall be considered part of the
same series under the Indenture as the Securities of this series.

The Securities of this series will
not be entitled to any sinking fund.

The Securities of
this series are redeemable at the option of the Company at any time, in whole
or in part, at a Redemption Price equal to the greater of the following
amounts, plus, in each case, accrued and unpaid interest thereon to the
Redemption Date:  (i) 100% of the
principal amount of the Securities to be redeemed; and (ii) the sum of the
present values of the Remaining Scheduled Payments.

In
determining the present values of the Remaining Scheduled Payments, such
payments will be discounted to the Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) using
a discount rate equal to the Treasury Rate plus 0.12% (twelve basis points).

“Treasury
Rate” means, with respect to any Redemption Date, the rate per annum equal
to the semi-annual equivalent yield to maturity of the Comparable Treasury
Issue. In determining this rate, it is assumed that a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) is equal to
the Comparable Treasury Price for such Redemption Date.

 1
 

 

 

“Comparable
Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having an actual or interpolated maturity
comparable to the remaining term of the Securities of this series to be
redeemed that would be utilized, at the time of selection and in accordance
with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such Securities. “Independent
Investment Banker” means each of Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Citigroup Global Markets Inc. and Goldman, Sachs &
Co. or their respective successors as may be appointed from time to time by the
Trustee after consultation with the Company; provided,
however, that if any of the foregoing shall cease to be a primary
U.S. Government securities dealer in New York City (a “primary treasury
dealer”), another primary treasury dealer shall be substituted therefor by
the Company.

“Comparable
Treasury Price” means (A) the arithmetic average of the Reference
Treasury Dealer Quotations for such Redemption Date after excluding the highest
and lowest Reference Treasury Dealer Quotations, or (B) if the Trustee
obtains fewer than three Reference Treasury Dealer Quotations, the arithmetic
average of all Reference Treasury Dealer Quotations for such Redemption Date. “Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the arithmetic average, as determined by the
Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by such Reference Treasury Dealer by 3:30 p.m. on
the third Business Day preceding such Redemption Date. “Reference Treasury
Dealer” means each of Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Citigroup Global Markets Inc. and Goldman, Sachs & Co.
or their respective successors and any other primary treasury dealer selected
by the Trustee after consultation with the Company.

“Remaining
Scheduled Payments” means, with respect to any Security of this series, the
remaining scheduled payments of the principal and interest thereon that would
be due after the related Redemption Date but for such redemption; provided, however, that, if such Redemption Date is not an
Interest Payment Date with respect to such Security, the amount of the next
scheduled interest payment thereon will be reduced by the amount of interest
accrued thereon to such Redemption Date.

A partial
redemption of the Securities of this series may be effected by such method as
the Trustee shall deem fair and appropriate and may provide for the selection
for redemption of portions (equal to the minimum authorized denomination for
the Securities of this series or any integral multiple thereof) of the
principal amount of Securities of a denomination larger than the minimum
authorized denomination for the Securities of this series.

Notice
of any redemption will be mailed at least 30 days but not more than 60 days
before the Redemption Date to each Holder of the Securities of this series to
be redeemed.

 2
 

 

 

Unless
the Company defaults in payment of the Redemption Price, on and after the
Redemption Date interest will cease to accrue on the Securities of this series
or portions thereof called for redemption.

If an Event of Default (as
defined in the Indenture) with respect to Securities of this series shall occur
and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the
Indenture.

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification
of the rights and obligations of the Company and the rights of the Holders of
the Securities of each series to be affected under the Indenture at any time by
the Company and the Trustee with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of each series to be
affected. The Indenture also contains provisions permitting the Holders of
specified percentages in principal amount of the Securities of each series at
the time Outstanding, on behalf of the Holders of all Securities of such
series, to waive compliance by the Company with certain provisions of the
Indenture and certain past defaults under the Indenture and their consequences.
Any such consent or waiver by the Holder of this Security shall be conclusive
and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security.

The Indenture contains
provisions for defeasance at any time of (i) the entire indebtedness on
this Security and (ii) certain restrictive covenants and certain Events of
Default, upon compliance by the Company with certain conditions set forth
therein, which provisions apply to this Security.

Upon due presentment for
registration of transfer of this Security at the office or  agency of the Company in the City of
Minneapolis, Minnesota or the City of Chicago, Illinois, or, at the option of
the Holder hereof,  at the office or
agency to be maintained for that purpose in the Borough of Manhattan, The City
of New York, a new Security or Securities of this series in authorized
denominations for an equal aggregate principal amount will be issued to the
transferee in exchange herefor, as provided in the Indenture and subject to the
limitations provided therein and to the limitations described below, without
charge except for any tax or other governmental charge imposed in connection
therewith.

This Security is exchangeable
for definitive Securities in registered form only if (i) the Depositary
notifies the Company that it is unwilling or unable to continue as Depositary
for this Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and a
successor depositary is not appointed within 90 days, (ii) the Company, in
its sole discretion, determines that this Security shall be exchangeable for
definitive Securities in registered form and notifies the Trustee thereof or (iii) an
Event of Default with respect to the Securities represented hereby has occurred
and is continuing. If this Security is exchangeable pursuant to the preceding
sentence, it shall be exchangeable for definitive Securities in registered
form, bearing interest at the same rate, 

 3
 

 

having the same date of issuance, redemption provisions,
Stated Maturity and other terms and of authorized denominations aggregating a
like amount.

This Security may not be
transferred except as a whole by the Depositary to a nominee of the Depositary
or by a nominee of the Depositary to the Depositary or another nominee of the
Depositary or by the Depositary or any such nominee to a successor of the
Depositary or a nominee of such successor. Except as provided above, owners of
beneficial interests in this global Security will not be entitled to receive
physical delivery of Securities in definitive form and will not be considered
the Holders hereof for any purpose under the Indenture.

No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of and interest on this Security at the times, place and
rate, and in the coin or currency, herein prescribed, except that in the event
the Company deposits money or Government Obligations as provided in Section 401
or 403 of the Indenture, such payments will be made only from proceeds of such
money or Government Obligations.

Prior to due presentment of this
Security for registration of transfer, the Company, the Trustee and any agent
of the Company or the Trustee may treat the Person in whose name this Security
is registered as the owner hereof for all purposes, whether or not this
Security be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary.

No recourse shall be had for the
payment of the principal of or the interest on this Security, or for any claim
based hereon, or otherwise in respect hereof, or based on or in respect of the
Indenture or any indenture supplemental thereto, against any incorporator,
stockholder, officer or director, as such, past, present or future, of the
Company or any successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty
or otherwise, all such liability being, by the acceptance hereof and as part of
the consideration for the issuance hereof, expressly waived and released.

All terms used in this Security
which are defined in the Indenture shall have the meanings assigned to them in
the Indenture unless otherwise defined in this Security.

 4

 

 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face
of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM       —    as tenants in common

TEN ENT         —    as tenants by the entireties

JT
TEN             —    as joint tenants with right
                                  of
survivorship and not
                                  as
tenants in common

	
  UNIF GIFT MIN ACT  — 

  	
   

  	
  Custodian

  	
   

  
	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  

 

Under
Uniform Gifts to Minors Act

_____________________________

(State)

Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED,
the undersigned hereby sell(s) and transfer(s) unto

Please Insert Social Security or

Other Identifying Number of Assignee

_____________________________

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

(PLEASE PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL
ZIP CODE OF ASSIGNEE)

 

 

the
within Security of TARGET CORPORATION and does hereby irrevocably constitute
and appoint __________________ attorney to transfer the said Security on the
books of the Company, with full power of substitution in the premises.

Dated:  _________________________

	
   

  	
   

  
	
   

  	
   

  

 

NOTICE:  The signature to this assignment must
correspond with the name as written upon the face of the within instrument in
every particular, without alteration or enlargement or any change whatever.

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