Document:

Exhibit 10.86

 

SELECT MEDICAL HOLDINGS CORPORATION

RESTRICTED STOCK AWARD AGREEMENT UNDER THE

2011 EQUITY INCENTIVE PLAN

 

This Restricted Stock Award Agreement (this “Agreement”) is made as of October 30, 2013 (the “Effective Date”), between SELECT MEDICAL HOLDINGS CORPORATION, a Delaware corporation (the “Company”), and THOMAS A. SCULLY, an individual (the “Participant”).

 

WHEREAS, the Company has adopted the 2011 Equity Incentive Plan (the “Plan”), all of the terms and provisions of which are incorporated herein by reference and made a part hereof;

 

WHEREAS, the Participant serves as a member of the Board of Directors of the Company;

 

WHEREAS, in order to provide an incentive to the Participant to serve as a consultant under the that certain Consulting Agreement between the Company and the Participant, dated of even date herewith (the “Consulting Agreement”), the Company has approved and authorized the issuance of certain shares of the Common Stock of the Company, par value $.001 per share (the “Stock”), to the Participant, subject to the terms of the Plan and this Agreement; and

 

WHEREAS, all capitalized terms used but not defined herein shall have the meanings set forth in the Plan.

 

NOW, THEREFORE, in consideration of the services to be rendered by the Participant under the Consulting Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Participant agree to the terms and conditions set forth herein.

 

1.                                      Award of Restricted Stock.  The Company hereby awards and issues to the Participant, effective as of the date hereof, 100,000 shares of Stock (the “Restricted Stock”).

 

2.                                      Vesting Schedule. Subject to the further provisions of this Agreement, and the Participant’s continued service under the Consulting Agreement, 50% of the shares of Restricted Stock shall vest on October 30, 2014 and 50% of the shares of Restricted Stock shall vest on October 30, 2015.  The period beginning on the date hereof through and including the vesting date for any shares of Restricted Stock shall be referred to herein as the “Restricted Period” with respect to such shares of Restricted Stock.

 

3.                                      Transferability.  Shares of Restricted Stock which have not vested may not be sold, assigned, transferred, pledged, or otherwise disposed of under any circumstances during the applicable Restricted Period, except that such shares may be transferred to a Permitted Transferee who agrees in writing (in a form satisfactory to the Company and its counsel) to be bound by this Agreement to the same extent as the Participant, and any such transferred shares shall continue to be subject to forfeiture upon the Participant’s termination of service under the Consulting Agreement as provided herein.  The Restricted Stock shall not be subject to

 

 

execution, attachment or similar process during the applicable Restricted Period.  Upon any attempt to transfer, assign, pledge, or otherwise dispose of the Restricted Stock during the applicable Restricted Period contrary to the provisions of the Plan or this Agreement, or upon the levy of any attachment or similar process upon the Restricted Stock during the applicable Restricted Period, the Restricted Stock shall immediately be forfeited to the Company and cease to be outstanding.

 

4.                                      Forfeiture of Restricted Stock.  All unvested shares of Restricted Stock shall immediately be forfeited to the Company and cease to be outstanding upon the termination of the Participant’s service under the Consulting Agreement.  The Participant acknowledges that neither the Participant nor the Participant’s estate will have any claim whatsoever against the Company or any Subsidiary related to any forfeiture of the Restricted Stock.

 

5.                                      Acceleration of Vesting Upon Change of Control.  Upon a Change of Control all Restricted Periods shall terminate and all outstanding shares of Restricted Stock shall be vested in full and all limitations on such Restricted Stock set forth in this Agreement shall automatically lapse.

 

6.                                      Plan Governing.  The Participant hereby acknowledges receipt of a copy of the Plan and accepts and agrees to be bound by all of the terms and conditions of the Plan as if set out verbatim in this Agreement.  In the event of a conflict between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall control.

 

7.                                      Miscellaneous.  This Agreement may be amended only by written agreement of the Participant and the Company and may be amended without the consent of any other person.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, representatives, heirs, descendants, distributees and permitted assigns.  This Agreement may be executed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

 

IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the Effective Date.

 

 

	
 
    	
Company:
    	
SELECT   MEDICAL HOLDINGS CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Robert A. Ortenzio
    
	
 
    	
 
    	
Name:
    	
Robert   A. Ortenzio
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Participant:
    	
/s/   Thomas A. Scully
    
	
 
    	
 
    	
 
    	
Thomas   A. Scully
    

 

2EXHIBIT 4(H)

 

EXECUTION COPY

 

FOURTH SUPPLEMENTAL INDENTURE, dated October 25, 2013, by Fifth & Pacific Companies, Inc., a Delaware corporation (the “Company”), ABG Juicy Couture, LLC  (the “New Subsidiary Guarantor”), the other Guarantors listed on the signature pages hereto and U.S. Bank National Association, as trustee (herein called the “Trustee”), to the Indenture dated as of April 7, 2011,, as supplemented on September 21, 2011, October 7, 2011 and December 27, 2012, among the Company, the Guarantors named therein and the Trustee (the “Indenture”).

 

W I T N E S S E T H

 

WHEREAS, the Company has heretofore executed and delivered to the Trustee the Indenture, providing for the issuance of 10.50% Senior Secured Notes due 2019 (the “Notes”);

 

WHEREAS, the Company will cause the New Subsidiary Guarantor to execute and deliver to the Trustee a Guaranty Agreement pursuant to which the New Subsidiary Guarantor will Guarantee payment of the Notes on the same terms and conditions as those set forth in the Indenture; and

 

WHEREAS, pursuant to Section 9.06 of the Indenture the Trustee is authorized to execute and deliver this Fourth Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the New Subsidiary Guarantor, the other Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

SECTION 1.  Capitalized Terms.  Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.  The New Subsidiary Guarantor is a Guarantor for purposes of the Indenture and a Subsidiary Guarantor for purposes of the Indenture as supplemented hereby.

 

SECTION 2.  Guarantee.  The New Subsidiary Guarantor (A) hereby, jointly and severally with the other Guarantors, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes, the other Notes Documents or the obligations of the Issuer hereunder or thereunder, that:

 

(1)           the principal of, premium and Additional Interest, if any, and interest on, the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuer to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof, and

 

(2)           in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

 

 

SECTION 3.  Successors and Assigns.  All agreements of the Company in this Fourth Supplemental Indenture and the Notes will bind its successors.  All agreements of the Trustee in this Fourth Supplemental Indenture will bind its successors.  All agreements of each Guarantor in this Fourth Supplemental Indenture will bind its successors, except as otherwise provided in Section 14.10 of the Indenture.

 

SECTION 4.  Modification.  No modification, amendment or waiver of any provision of this Fourth Supplemental Indenture, nor the consent to any departure by the New Subsidiary Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.  No notice to or demand on the New Subsidiary Guarantor in any case shall entitle the New Subsidiary Guarantor to any other or further notice or demand in the same, similar or other circumstances.

 

SECTION 5.  Releases.  The Note Guarantee of the New Subsidiary Guarantor, and the Collateral Agent’s Lien on the Collateral of such New Subsidiary Guarantor, will be released as provided in Section 10.05 of the Indenture.

 

SECTION 6.  Governing Law.  THIS FOURTH SUPPLEMENTAL INDENTURE, THE NOTE, AND THE NOTE GUARANTEES AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES INSOFAR AS SUCH PRINCIPLES WOULD DEFER TO THE SUBSTANTIVE LAWS OF SOME OTHER JURISDICTION.

 

SECTION 7.  No Personal Liability of Directors, Officers, Employees and Stockholders.  No past, present or future director, officer, employee, incorporator or stockholder of the Issuer or any Guarantor, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes, this Indenture, the Note Guarantees, the Security Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder of Notes by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.  The waiver may not be effective to waive liabilities under the federal securities laws.

 

SECTION 8.  Multiple Originals.  The parties may sign any number of copies of this Fourth Supplemental Indenture.  Each signed copy will be an original, but all of them together represent the same agreement.

 

SECTION 9.  Headings.  The headings of the Sections of this Fourth Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Fourth Supplemental Indenture and will in no way modify or restrict any of the terms or provisions hereof.

 

2

 

IN WITNESS WHEREOF, the parties have caused this Fourth Supplemental Indenture to be duly executed as of the date first written above.

 

	
 
    	
FIFTH &   PACIFIC COMPANIES, INC., a 
    
	
 
    	
Delaware   corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert J. Vill
    
	
 
    	
 
    	
Name:
    	
Robert   J. Vill
    
	
 
    	
 
    	
Title
    	
Senior   Vice President
    
	
 
    	
 
    	
 
    	
—   Finance and Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
U.S.   BANK NATIONAL ASSOCIATION, 
    
	
 
    	
as   Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Donna William
    
	
 
    	
 
    	
Name:   Donna William
    
	
 
    	
 
    	
Title   Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
ABG   JUICY COUTURE, LLC
    
	
 
    	
By:   
    	
Juicy   Couture, Inc., its sole member
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Robert J. Vill
    
	
 
    	
 
    	
Name:
    	
Robert   J. Vill
    
	
 
    	
 
    	
Title:   
    	
Senior   Vice President
    
	
 
    	
 
    	
 
    	
—   Finance and Treasurer
    
					

 

Signature Page to Fourth Supplemental Indenture

 

 

	
 
    	
ADELINGTON   DESIGN GROUP, LLC
    
	
 
    	
FIFTH &   PACIFIC COMPANIES COSMETICS, INC.
    
	
 
    	
FIFTH & PACIFIC COMPANIES FOREIGN   HOLDINGS, INC.
    
	
 
    	
FIFTH &   PACIFIC COMPANIES PUERTO RICO, INC.
    
	
 
    	
FNP   HOLDINGS, LLC
    
	
 
    	
JUICY   COUTURE, INC.
    
	
 
    	
KATE   SPADE LLC
    
	
 
    	
L.C.   LICENSING, LLC
    
	
 
    	
LCI   INVESTMENTS, INC.
    
	
 
    	
LCCI   HOLDINGS LLC
    
	
 
    	
WCFL   HOLDINGS LLC
    

 

 

	
 
    	
By:
    	
/s/   Robert J. Vill
    
	
 
    	
 
    	
Name:
    	
Robert   J. Vill
    
	
 
    	
 
    	
Title:   
    	
Senior   Vice President
    
	
 
    	
 
    	
 
    	
—   Finance and Treasurer
    

 

 

	
 
    	
LCI   HOLDINGS, INC.
    
	
 
    	
LUCKY   BRAND DUNGAREES, INC.
    
	
 
    	
LUCKY   GRAND DUNGAREES STORES, INC.
    

 

 

	
 
    	
By:
    	
/s/   Robert J. Vill
    
	
 
    	
 
    	
Name:
    	
Robert   J. Vill
    
	
 
    	
 
    	
Title:
    	
Vice   President
    
	
 
    	
 
    	
 
    	
—   Finance and Treasurer
    

 

Signature Page to Fourth Supplemental Indenture

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