Document:

Exhibit 10.1 Employment letter (Avellone)

September 30, 2013

Joseph C. Avellone, M.D.

Dear Joe:

This letter is intended to confirm our discussions regarding the continuation of your employment relationship with PAREXEL International Corporation (“PAREXEL” or the “Company”) while you take personal leave to pursue your candidacy for the office of Governor of the Commonwealth of Massachusetts.  The terms and conditions have been approved by the Compensation Committee of PAREXEL’s Board of Directors and will replace your current terms and conditions of employment.  

Effective October 1, 2013, your title will be Executive Vice President, CRS.  You will continue to report to Mark Goldberg, President and Chief Operating Officer, and your duties will include business development support and client-focused activities as directed by the Company.  In your new position, you will no longer be a member of the Company’s Business Review Committee or the Company’s Executive Committee.  Your primary work location will be out of your home but you will continue to have an office at the Company’s Waltham, Massachusetts location, and you will be expected to travel to other Company offices as well as client locations as needed.  The Company reserves the right to adjust your terms of employment, including your reporting relationship and job duties in its discretion. 

In your new position, you will be employed by PAREXEL on a reduced-time basis, working at the rate of 20% of your prior full-time schedule, or on average about eight hours per week.  Your annualized base salary of $110,000 will be paid on a semi-monthly basis in the amount of $4,583.33.  You will continue to be eligible to participate in the Company’s Management Incentive Plan (MIP), subject to the terms and conditions of MIP.  Your target percentage under MIP starting with the FY2014 plan year will be 30% of your base salary.  

In your new role, you will not be eligible to receive awards of PAREXEL equity including, without limitation, options to purchase PAREXEL’s Common Stock or restricted shares of PAREXEL’s Common Stock.  Any prior awards of restricted shares of PAREXEL’s Common Stock and/or prior awards of options to purchase PAREXEL’s Common Stock will remain unaffected and will vest in accordance with, and otherwise be subject to, the provisions set forth in the applicable equity plan and restricted stock and/or stock option agreements while you remain employed with the Company.

In your new role, you will be entitled to participate in the benefit plans and programs offered from time to time to regular part-time U.S. employees working at the same percentage of a full-time schedule.  Currently, the only such benefit PAREXEL offers is participation in PAREXEL’s 401(K) Savings Plan managed by Fidelity Investments.  As of the effective date of your change in status, October 1, 2013, your participation in all other benefits plans and programs of the Company will 

195 West Street   |   Waltham, MA 02451 USA   |   + 1 781 487 9900 t   |   + 1 781 434 5040 f
www. PAREXEL.com

cease in accordance with the terms of the applicable plan documents, except as otherwise provided herein.  

As of October 1, 2013, you will be eligible to elect the continuation of coverage under the Company’s health, dental and vision insurance plans (“Health Care Plans”) pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) at the same level of coverage as was provided to and elected by you immediately prior to your change in role.  To be eligible for continuation of coverage under the Health Care Plans, you must be actively enrolled in the applicable Health Care Plan(s) as of September 30, 2013.  For purposes of Title X of COBRA, the date of the “qualifying event” for you and your covered dependents shall be September 30, 2013, and each month of Company-subsidized coverage continuation provided hereunder runs concurrently with coverage continuation due under COBRA.  Upon the expiration of the Company-subsidized premium payments, you will be required to pay the total premium rate in effect.  Any continuation of Company-sponsored coverage shall be governed by COBRA and the terms and conditions of the applicable plan documents.

As a condition of the new role, you are required to sign an updated Key Employee Agreement, a copy of which is enclosed with this letter.  

The foregoing describes the compensation and benefits being offered to you by PAREXEL, but is not a contract or guarantee of continued employment or employment for any particular period of time.  You remain an at-will employee of PAREXEL, meaning that you or PAREXEL are free to terminate your employment at any time, for any reason or no reason, with or without notice or cause.
 
This letter sets forth PAREXEL’s entire proposed terms of employment and supersedes any other written or verbal discussions concerning your terms of employment with PAREXEL.  Please review this letter carefully and confirm your acceptance by signing where indicated below. 

Sincerely,

/s/ Michael R. Brandt

Michael R. Brandt
Corporate Vice President, Human Resources
PAREXEL International Corporation

I accept PAREXEL’s offer of employment based on the terms and conditions described in this letter.

                                            
                                            
Signature:                            Date:

/s/ Joseph C. Avellone                        September 30, 2013
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195 West Street   |   Waltham, MA 02451 USA   |   + 1 781 487 9900 t   |   + 1 781 434 5040 f
www. PAREXEL.comExibhit 10.1 AmendmentNo1toCreditAgreement

EXHIBIT 10.1

EXECUTION COPY

AMENDMENT NO. 1 TO CREDIT AGREEMENT
This AMENDMENT NO. 1 TO CREDIT AGREEMENT (this “Amendment”), dated as of October 10, 2013, is entered into by and among MOHAWK INDUSTRIES, INC., a Delaware corporation (the “Company”), ALADDIN MANUFACTURING CORPORATION, a Delaware corporation (“Aladdin”), DAL-TILE DISTRIBUTION, INC., a Delaware corporation (“Dal-Tile”), MOHAWK UNITED INTERNATIONAL B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, having its official seat (statutaire zetel) in Oisterwijk, the Netherlands and its office at Beneluxstraat 1 (5061 KD) Oisterwijk, the Netherlands, and registered with the Trade Register of the Chambers of Commerce under number 17229715 (“Mohawk BV”), MOHAWK FOREIGN HOLDINGS S.À R.L., a company organized and existing under the laws of Luxembourg as a société à responsibilité limitée (“Mohawk Foreign”), MOHAWK INTERNATIONAL HOLDINGS S.À R.L., a company organized and existing under the laws of Luxembourg as a société à responsibilité limitée (“Mohawk International”), MOHAWK FOREIGN FUNDING S.À R.L., a company organized and existing under the laws of Luxembourg as a société à responsibilité limitée (“Mohawk Funding”), UNILIN BVBA, a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of Belgium (“Unilin”, and collectively with the Company, Aladdin, Dal-Tile, Mohawk BV, Mohawk Foreign, Mohawk International and Mohawk Funding, the “Borrowers”), each Lender party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swing Line Lender and an L/C Issuer.
RECITALS
WHEREAS, the Borrowers, the Lenders and the Administrative Agent are parties to the Credit Agreement, dated as of September 25, 2013, (the “Credit Agreement”, and as amended by this Amendment, the “Amended Credit Agreement”), pursuant to which the Lenders have extended a revolving credit facility to the Borrowers; and
WHEREAS, the Borrowers have requested that the Administrative Agent and the Lenders signatory hereto agree to certain amendments to the Credit Agreement as provided herein, and the Administrative Agent and each of the undersigned Lenders have agreed to such requests, subject to the terms and conditions of this Amendment.
NOW, THEREFORE, for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.Defined Terms.  Unless otherwise defined herein, capitalized terms used herein shall have the meanings, if any, assigned to such terms in the Amended Credit Agreement.  
2.    Amendment to Credit Agreement.  Effective as of the Closing Date but subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Credit Agreement is amended as follows: 
(a)    Amended Definition. The definition of “Eurocurrency Rate” in Section 1.01 of the Credit Agreement is amended by (x) deleting the text “(rounded upward to the next 1/100th of 1%)” appearing in paragraph (a) of such definition and (y) deleting the text “(rounded upwards, if necessary, to the nearest four decimal places)” appearing in clause (iii) of paragraph (a) of such definition.

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3.    Representations and Warranties.  The Borrowers and the Guarantors hereby represent and warrant to the Administrative Agent and the Lenders as follows:
(a)    no Default has occurred and is continuing, or would result from this Amendment;
(b)    the execution, delivery and performance by the Borrowers of this Amendment have been duly authorized by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person (including any Governmental Authority) in order to be effective and enforceable; 
(c)    this Amendment constitutes the legal, valid and binding obligations of each Borrower, enforceable against it in accordance with its terms, without defense, counterclaim or offset; and
(d)    both before and immediately after giving effect to this Amendment, the representations and warranties contained in Article V of the Amended Credit Agreement (with each reference therein to “this Agreement”, “hereunder”, “Loan Document” and words of like import referring to the Credit Agreement being deemed to be a reference to the Amended Credit Agreement) are true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Amended Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01 of the Amended Credit Agreement.
4.    Conditions to Effectiveness.  
(a)    This Amendment will become effective as of the Closing Date when and if each of the following conditions has been satisfied:
(i)    the Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrowers, each Lender party to the Credit Agreement on the date hereof and the Administrative Agent; and
(ii)    unless waived by the Administrative Agent, the Company shall have paid all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at least two (2) Business Days prior to or on the date hereof, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Company and the Administrative Agent).
(b)    For purposes of determining compliance with the conditions specified in this Section 4, each Lender that has executed this Amendment and delivered it to the Administrative Agent shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required under Section 4 to be consented to or approved by or acceptable or satisfactory to such Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed date of this Amendment specifying its objection thereto.

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(c)    From and after the date hereof, the Credit Agreement is amended as set forth herein.  Except as expressly amended pursuant hereto, the Credit Agreement shall remain unchanged and in full force and effect and is hereby ratified and confirmed in all respects.
(d)    The Administrative Agent will notify the Company and the Lenders of the occurrence of the effectiveness of this Amendment.
5.    Miscellaneous.
(a)    Except as herein expressly amended, all terms, covenants and provisions of the Credit Agreement and each other Loan Document are and shall remain in full force and effect.  Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Amended Credit Agreement.  This Amendment shall be deemed incorporated into, and a part of, the Credit Agreement.
(b)    This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns under the Loan Documents.
(c)    THIS AMENDMENT IS SUBJECT TO THE PROVISIONS OF SECTIONS 10.14 AND 10.15 OF THE AMENDED CREDIT AGREEMENT RELATING TO GOVERNING LAW, VENUE AND WAIVER OF RIGHT TO TRIAL BY JURY, THE PROVISIONS OF WHICH ARE BY THIS REFERENCE INCORPORATED HEREIN IN FULL.
(d)    This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Amendment and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section 4, this Amendment shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties required to be a party hereto.  Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Amendment.  This Amendment may not be amended except in accordance with the provisions of Section 10.01 of the Amended Credit Agreement.
(e)    If any provision of this Amendment or the other Loan Documents is held to be illegal, invalid or unenforceable, (i) the legality, validity and enforceability of the remaining provisions of this Amendment and the other Loan Documents shall not be affected or impaired thereby and (ii) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  
(f)    The Company agrees to pay in accordance with Section 10.04 of the Credit Agreement all reasonable out of pocket expenses actually incurred by the Administrative Agent and its Affiliates in connection with the preparation, execution, delivery, administration of this Amendment and the other instruments and documents to be delivered hereunder, including, without limitation, the reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent with respect thereto 

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and with respect to advising the Administrative Agent as to its rights and responsibilities hereunder and thereunder. 
(g)    This Amendment shall constitute a “Loan Document” under and as defined in the Amended Credit Agreement.
[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Credit Agreement to be duly executed as of the date first above written.
MOHAWK INDUSTRIES, INC.

By:  /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

ALADDIN MANUFACTURING CORPORATION

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

DAL-TILE DISTRIBUTION, INC.

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

MOHAWK UNITED INTERNATIONAL B.V.

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

Mohawk Industries, Inc.
Signature Pages 
Amendment No. 1 to Credit Agreement

MOHAWK FOREIGN HOLDINGS S.À R.L.

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

MOHAWK INTERNATIONAL HOLDINGS S.À R.L.

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

UNILIN BVBA

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

MOHAWK FOREIGN FUNDING S.À R.L.

By: /s/ Shailesh Bettadapur     
Name:  Shailesh Bettadapur        
Title:  Vice President and Treasurer

Mohawk Industries, Inc.
Signature Pages 
Amendment No. 1 to Credit Agreement

WELLS FARGO BANK, NATIONAL 
ASSOCIATION, as Administrative Agent, as Swing Line Lender, as an L/C Issuer and as a Lender

By:  /s/ Kay Reedy    
Name:  Kay Reedy
Title:  Managing Director

Bank of America, N.A., as Syndication Agent, as an L/C Issuer and as a Lender

By:  /s/ David McCauley    
Name:  David McCauley
Title:  Senior Vice President

JP MORGAN CHASE BANK, N.A.,  as a Lender 

By:  /s/ John A. Horst    
Name:  John A. Horst
Title:  Credit Executive

SUNTRUST BANK,  as a Lender 

By:  /s/ Vinay N. Desai    
Name:  Vinay N. Desai
Title:  Vice President

 BARCLAYS BANK PLC,  as a Lender 

By:  /s/ Irina Dimova    
Name:  Irina Dimova
Title:  Vice President

Mohawk Industries, Inc.
Signature Pages 
Amendment No. 1 to Credit Agreement

MIZUHO BANK, LTD.,  as a Lender 

By:  /s/ David Lim    
Name:  David Lim
Title:  Authorized Signatory

REGIONS BANK,  as a Lender 

By:  /s/ Fred Cecil     
Name:  Fred Cecil
Title:  Senior Vice President

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,  as a Lender 

By:  /s/ Maria Iarricoio    
Name:  Maria Iarricoio
Title:  Vice President

U.S. BANK, NATIONAL ASSOCIATION,  as a Lender 

By:  /s/ Steven Dixon    
Name:  Steven Dixon
Title:  Vice President

BRANCH BANKING AND TRUST COMPANY,  as a Lender 

By:  /s/ Robert T. Barnaby    
Name:  Robert T. Barnaby
Title:  Senior Vice President

Mohawk Industries, Inc.
Signature Pages 
Amendment No. 1 to Credit Agreement

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,  as a Lender 

By:  /s/ Blake Wright    
Name:  Blake Wright
Title:  Managing Director

By:  /s/ James Austin     
Name:  James Austin
Title:  Vice President

FIFTH THRID BANK,  as a Lender 

By:  /s/ Kenneth W. Deere    
Name:  Kenneth W. Deere
Title:  Senior Vice President

HSBC BANK USA, N.A.,  as a Lender 

By:  /s/ Chris Burns    
Name:  Chris Burns
Title:  Vice President

ING BANK N.V., DUBLIN BRANCH,  as a Lender 

By:  /s/ Shaun Hawley    
Name:  Shaun Hawley
Title:  Vice President

By:  /s/ Aidan Neill    
Name:  Aidan Neill
Title:  Director

Mohawk Industries, Inc.
Signature Pages 
Amendment No. 1 to Credit Agreement

PNC BANK, NATIONAL ASSOCIATION,  as a Lender 

By:  /s/ Susan J. Dimmick    
Name:  Susan J. Dimmick
Title:  Senior Vice President

SYNOVUS BANK,  as a Lender 

By:  /s/ John R. Frierson    
Name:  John R. Frierson
Title:  Vice President

Mohawk Industries, Inc.
Signature Pages 
Amendment No. 1 to Credit Agreement

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