Document:

d-ex41_592.htm

Exhibit 4.1

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights Agreement (this “Agreement”), dated as of August 6, 2021, is entered into by and between Dominion Energy, Inc., a Virginia corporation (“DEI”), and South Carolina Department of Revenue (the “Department”).

 

WHEREAS, the Department has agreed to accept on August 6, 2021 a certain number of shares of DEI’s common stock, no par value, as agreed to by the parties (the “DEI Shares”) as partial consideration for the settlement of certain disputed tax liabilities of Dominion Energy South Carolina, Inc., a wholly-owned subsidiary of DEI (“DESC”); and

 

WHEREAS, as a condition to the Department’s acceptance of the DEI Shares, DEI has agreed to grant certain registration rights to the Department with respect to the DEI Shares on the terms and subject to the conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and the representations, warranties and agreements set forth herein, and intending to be legally bound hereby, the parties hereto agree as follows:

 

1.Definitions

 

As used in this Agreement, the following capitalized terms shall have the following meanings:

 

“Exchange Act” means the Security Exchange Act of 1934, as amended, any rules and regulations promulgated thereunder, and, in each case, any successor thereto, all as the same may be in effect from time to time.

 

“Registrable Securities” means the DEI Shares and any securities that may be issued or distributed or be issuable in respect thereof by way of stock dividend, stock split or other distribution, merger, consolidation, exchange offer, recapitalization or reclassification or other similar event; provided, however, that any such security shall cease to be a “Registrable Security” (i) to the extent that such security has been sold or transferred by the Department, whether pursuant to an effective registration statement, in accordance with Rule 144 or otherwise; or (ii) to the extent that such security may be sold by the Department to the public in accordance with Rule 144 without the satisfaction of any condition under such rule except for, and only upon the satisfaction of, the holding period requirement in paragraph (d) of such rule.

 

“Rule 144” means Rule 144 as promulgated under the Securities Act (or any successor provision), as the same shall be amended from time to time.

 

“SEC” means the U.S. Securities and Exchange Commission.

 

“Securities Act” means the Securities Act of 1933, as amended, and any rules and regulations promulgated thereunder, and, in each case, any successor thereto, all as the same may be in effect from time to time.

 

2.Registration Matters

 

(a)DEI shall prepare and file with the SEC, as soon as reasonably practicable after the transfer of the DEI Shares to the Department, but in no event later than one (1) business day after the transfer of the DEI Shares to the Department, a prospectus supplement under Rule 424(b) (such prospectus supplement or any successor prospectus supplement, the “Resale Prospectus”) to its current Registration Statement on Form S-3 (333-239467) (such registration statement or any successor registration statement, the 

“Registration Statement”) to enable the Department to sell the DEI Shares from time to time in any manner contemplated by the Resale Prospectus.  DEI shall thereafter use its commercially reasonable efforts to cause the Registration Statement to remain continuously effective and to prepare and file with the SEC any required amendments or supplements to the Registration Statement or the prospectus contained therein for so long as any of the DEI Shares qualify as Registrable Securities; provided that DEI shall not be required to file any amendment or supplement to the Registration Statement or the prospectus contained therein during the pendency of any “suspension period” provided for in Sections 2(f) and 2(g) below.

 

(b) DEI shall furnish to the Department or any of its agents copies of the Resale Prospectus and any other documents that the Department or its agents may reasonably request to facilitate the public sale or other disposition of all or any Registrable Securities by the Department. 

(c)DEI shall use commercially reasonable efforts to cause the DEI Shares to be listed on the New York Stock Exchange as soon as reasonably practicable after the transfer of the DEI Shares to the Department; but in no event later than the date of the filing of the Resale Prospectus with the SEC.  

(d)DEI or DESC, as applicable, shall bear all expenses relating to the registration and resale of Registrable Securities, including filings fees with SEC, listing fees payable to NYSE, all preapproved brokerage fees and any other fees, including transfer taxes (if any), incurred by the Department relating to the resale of Registrable Securities.  

(e)The Department shall promptly provide any assistance or information reasonably requested by DEI as may be necessary to prepare the Resale Prospectus or otherwise required by DEI to satisfy its obligations under this Agreement to register the resale of Registrable Securities under the Securities Act.

(f)The Department shall not sell or offer to sell, within the meaning of the Securities Act, any Registrable Securities under the Resale Prospectus if DEI notifies the Department in writing of the occurrence of any event or the existence of any state of facts that, in the judgment of DEI’s legal counsel, requires the suspension of any sales under the Resale Prospectus due to pending corporate developments, public filings with the SEC or other similar events.  The right of DEI to suspend the disposition of Registrable Securities under the Resale Prospectus shall not be exercised by DEI for a period longer than is reasonably necessary under the circumstances and, in any event, for more than a total of 90 days in any twelve-month period.  Any such suspension of sales under the Resale Prospectus by the Department shall commence immediately upon receipt of any such notice by the Department and shall last until the Department is notified in writing by DEI that the Department may resume sales under the Resale Prospectus.  

(g) The Department shall also not sell or offer to sell, within the meaning of the Securities Act, any Registrable Securities under the Resale Prospectus if DEI notifies the Department in writing of: (i) any request by the SEC for amendments or supplements to the Registration Statement or the Resale Prospectus; (ii) the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; or (iii) any event or circumstance that necessitates the making of any changes in the Registration Statement or the Resale Prospectus, or any document incorporated or deemed to be incorporated therein by reference, so that the Registration Statement and the Resale Prospectus will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.  Any such suspension of sales under the Resale Prospectus by the Department shall commence immediately upon receipt of any such notice by the Department and shall last until the Department is notified in writing by DEI that the Department may resume sales under the Resale Prospectus. In the event of any suspension under this Section 2(g), DEI will use its commercially reasonable 

2

 

efforts to cause the use of the Resale Prospectus to be resumed as soon as reasonably possible after delivery of a suspension notice to the Department.

(h)Except as set forth in Sections 2(f) and 2(g) above, the Department may sell Registrable Securities under the Resale Prospectus at any time and from time to time so long as such sales are made in a manner contemplated by the Resale Prospectus, and so long as the Department arranges for delivery of the Resale Prospectus to any transferee receiving such Registrable Securities to the extent required to comply with the prospectus delivery requirements of the Securities Act. 

3.Indemnification

(a)DEI hereby agrees to indemnify and hold harmless the Department from and against any and all losses, claims, damages, liabilities or expenses, joint or several (each, a “Loss” and, collectively, “Losses”), to which the Department may become subject under the Securities Act, the Exchange Act, or any other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of DEI, which consent shall not be unreasonably withheld or delayed), to the extent such Losses (or actions in respect thereof as contemplated below) arise out of or are based upon (i) any failure on the part of DEI to comply with any obligation of DEI contained in this Agreement, or (ii) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Resale Prospectus, or any amendment or supplement thereto, or the omission or alleged omission to state in any of them a material fact required to be stated therein or necessary to make the statements in any of them, in light of the circumstances under which they were made, not misleading, and will reimburse the Department for any reasonable legal fees and other reasonable out-of-pocket expenses as such expenses are incurred by the Department in connection with investigating, defending, settling, compromising, or paying any such Loss or action; provided, however, that DEI will not be liable in any such case to the extent that any such Loss arises out of or is based upon (i) an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, the Resale Prospectus or any amendment or supplement of the Registration Statement or Resale Prospectus in reliance upon and in conformity with information furnished in writing to DEI by the Department, (ii) any untrue statement or omission or alleged untrue statement or omission of a material fact required to make such statement not misleading in the Resale Prospectus that is corrected in any subsequent amendment or supplement thereto that was delivered to the Department before the pertinent sale or sales by the Department, or (iii) any untrue statement or alleged untrue statement or omission or alleged omission in the Registration Statement, the Resale Prospectus, or any amendment or supplement thereto, when used or distributed by the Department during a suspension period under Section 2(f) or 2(g) above.

(b)The Department shall promptly notify DEI of any written notice of the threat or commencement of any action contemplated under Section 3(a) above; provided, however, that the failure to notify DEI will not relieve DEI from any liability which it may have to the Department under Section 3(a) except to the extent DEI is prejudiced as a result of such failure.  DEI will be entitled to participate in, and may elect to assume the defense of, any claim against the Department using counsel reasonably satisfactory to the Department.  If the defendants in any such action include DEI and the Department and the Department reasonably concludes that there may be a conflict between the positions of the Department and DEI in conducting the defense or that there may be a legal defense available to the Department that is different from that available to DEI, the Department will have the right to select separate counsel, with all reasonable fees and expenses of such counsel payable by DEI, to assume such legal defenses and to otherwise participate in the defense. Once the Department receives notice of DEI’s assumption of the defense of any action, DEI will not, except as provided above, be liable to the Department for any legal or other expenses subsequently incurred by the Department in connection with the defense of that claim.  The obligations of DEI and the Department under this Section 3 shall survive the completion of the any sales or other dispositions of Registrable Securities.

3

 

4.Miscellaneous

(a)Any notice, request, demand or other communication permitted or required to be given under this Agreement shall be in writing and shall be sent to DEI or the Department, as applicable, at the physical and email addresses set forth below (or to such other address as shall be designated hereunder by notice to the other parties and persons receiving copies, effective upon actual receipt).

If to DEI:

Dominion Energy, Inc.

120 Tredegar Street

Richmond, Virginia 23219

Attn:Meredith Sanderlin Thrower

Senior Assistant General Counsel

Email: [_______]

If to the Department:

South Carolina Department of Revenue

300A Outlet Pointe Blvd.

Columbia, South Carolina 29210

Attn: Jason P. Luther

Chief Legal Officer

Email: [________]

 

(b) This Agreement and all matters that relate to its interpretation and enforcement shall be governed by the laws of the State of South Carolina, without regard to the conflicts or choice of law principles of the State of South Carolina.

(c)This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings with respect to the matters discussed herein. This Agreement may not be altered, modified or amended except by a written instrument signed by all parties. The failure of any party to require the performance or satisfaction of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

(d)The provisions of this Agreement are severable, and in the event that any one or more provisions are deemed illegal or unenforceable the remaining provisions shall remain in full force and effect unless the deletion of such provision shall cause this Agreement to become materially adverse to another party, in which event the parties shall use reasonable commercial efforts to arrive at an accommodation that best preserves for the parties the benefits and obligations of the offending provision.

(e)This Agreement may be executed in counterpart, each of which shall be deemed an original and all of which shall, when taken together, constitute a single binding instrument.  Signatures signed or transmitted electronically shall, for all purposes, be deemed to be the original signature of the applicable party and shall be binding upon such party.

 

 [Signature Page Follows]

 

4

 

 

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Registration Rights Agreement as of the date first above written.

DOMINION ENERGY, INC.

By:  /s/ James R. Chapman

Name:James R. Chapman
Title:Executive Vice President,

Chief Financial Officer and Treasurer

SOUTH CAROLINA DEPARTMENT 

OF REVENUE

By:  /s/ W. Hartley Powell

Name:W. Hartley Powell

Title:DirectorExhibit 10.1

RESTRICTED STOCK UNIT GRANT NOTICE
UNDER THE
APRIA, INC.
2021 OMNIBUS INCENTIVE PLAN
(Non-Employee Director Award)
Apria, Inc. (the “Company”), pursuant to its 2021 Omnibus Incentive Plan, as it may be amended and restated from time to time (the “Plan”), hereby grants to the Participant set forth below, the number of Restricted Stock Units set forth below.  The Restricted Stock Units are subject to all of the terms and conditions as set forth herein, in the Restricted Stock Unit Agreement (attached hereto or previously provided to the Participant in connection with a prior grant) and in the Plan, all of which are incorporated herein in their entirety.  Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan. 
​
	Participant:
	[Insert Participant Name]

	Grant Date:
	[Insert Grant Date]

	Vesting Commencement Date:
	[Insert Vesting Commencement Date]

Number of 
	Restricted Stock Units: 
	[Insert Number of RSUs]

​
	Vesting Schedule:
	Provided the Participant has not undergone a Termination prior to the applicable vesting date (or event), 100% of the Restricted Stock Units will vest on the earlier of (i) the first anniversary of the Vesting Commencement Date and (ii) the first regularly scheduled annual meeting of the stockholders of the Company following the Date of Grant; provided, however, that the Restricted Stock Units will, to the extent not vested, become fully vested if the Participant undergoes a Termination by the Service Recipient without Cause following a Change in Control.

***
​

​

​

APRIA, INC.
​
________________________________
By:    
Title: 

[Signature Page to Restricted Stock Unit Award]

‌3

THE UNDERSIGNED PARTICIPANT ACKNOWLEDGES RECEIPT OF THIS RESTRICTED STOCK UNIT GRANT NOTICE, THE RESTRICTED STOCK UNIT AGREEMENT AND THE PLAN, AND, AS AN EXPRESS CONDITION TO THE GRANT OF RESTRICTED STOCK UNITS HEREUNDER, AGREES TO BE BOUND BY THE TERMS OF THIS RESTRICTED STOCK UNIT GRANT NOTICE, THE RESTRICTED STOCK UNIT AGREEMENT AND THE PLAN.
 
Participant1
​
________________________________

​

1 To the extent that the Company has established, either itself or through a third-party plan administrator, the ability to accept this award electronically, such acceptance shall constitute the Participant’s signature hereto. 

[Signature Page to Restricted Stock Unit Award]

​

TIME-BASED RESTRICTED STOCK UNIT AGREEMENT
UNDER THE
APRIA, INC.
2021 OMNIBUS INCENTIVE PLAN
Pursuant to the Restricted Stock Unit Grant Notice (the “Grant Notice”) delivered to the Participant (as defined in the Grant Notice), and subject to the terms of this Restricted Stock Unit Agreement (this “Restricted Stock Unit Agreement”) and the Apria, Inc. 2021 Omnibus Incentive Plan, as it may be amended and restated from time to time (the “Plan”), Apria, Inc. (the “Company”) and the Participant agree as follows.  Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan. 
1. Grant of Restricted Stock Units.  Subject to the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant the number of Restricted Stock Units provided in the Grant Notice (with each Restricted Stock Unit representing an unfunded, unsecured right to receive one share of Common Stock).  The Company may make one or more additional grants of Restricted Stock Units to the Participant under this Restricted Stock Unit Agreement by providing the Participant with a new Grant Notice, which may also include any terms and conditions differing from this Restricted Stock Unit Agreement to the extent provided therein.  The Company reserves all rights with respect to the granting of additional Restricted Stock Units hereunder and makes no implied promise to grant additional Restricted Stock Units.
2. Vesting.  Subject to the conditions contained herein and in the Plan, the Restricted Stock Units shall vest as provided in the Grant Notice.  
3. Settlement of Restricted Stock Units.  Subject to any election by the Company pursuant to Section 9(d)(ii) of the Plan, the Company will deliver to the Participant, without charge, as soon as reasonably practicable (and, in any event, within two and one-half months) following the applicable vesting date, one share of Common Stock for each Restricted Stock Unit (as adjusted under the Plan, as applicable, and subject to Section 8 below) which becomes vested hereunder and such vested Restricted Stock Unit shall be cancelled upon such delivery.  The Company shall either (a) deliver, or cause to be delivered, to the Participant, a certificate or certificates therefor, registered in the Participant’s name or (b) cause such share of Common Stock to be credited to the Participant’s account at the third-party stock plan administrator.  Notwithstanding anything in this Restricted Stock Unit Agreement to the contrary, the Company shall have no obligation to issue or transfer any shares of Common Stock as contemplated by this Restricted Stock Unit Agreement unless and until such issuance or transfer complies with all relevant provisions of law and the requirements of any stock exchange on which the Company’s shares of Common Stock are listed for trading.   
4. Treatment of Restricted Stock Units Upon Termination.  The provisions of Section 9(c)(ii) of the Plan are incorporated herein by reference and made a part hereof.  
5. Company; Participant. 
(a) The term “Company” as used in this Restricted Stock Unit Agreement with reference to service shall include the Company and its Subsidiaries. 
(b) Whenever the word “Participant” is used in any provision of this Restricted Stock Unit Agreement under circumstances where the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the Restricted Stock Units may be transferred by will or by the laws of descent and distribution, the word “Participant” shall be deemed to include such person 

​

​

or persons. 
6. Non-Transferability.  The Restricted Stock Units may not be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant, unless such transfer is by will, by the laws of descent and distribution or other applicable law, or specifically required pursuant to a domestic relations order in accordance with Section 13(b) of the Plan, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable against the Company or any other member of the Company Group; provided, that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance.
7. Rights as Stockholder.  The Participant or a Permitted Transferee shall have no rights as a stockholder with respect to any share of Common Stock underlying a Restricted Stock Unit unless and until the Participant shall have become the holder of record or the beneficial owner of such Common Stock, and no adjustment shall be made for dividends or distributions or other rights in respect of such share of Common Stock for which the record date is prior to the date upon which the Participant shall become the holder of record or the beneficial owner thereof.  
8. Tax Withholding.  The provisions of Section 13(d) of the Plan are incorporated herein by reference and made a part hereof.  The Participant shall satisfy such Participant’s withholding liability, if any, referred to in Section 13(d) of the Plan by having the Company withhold from the number of shares of Common Stock otherwise deliverable pursuant to the settlement of the Restricted Stock Units a number of shares of Common Stock with a Fair Market Value, on the date that the Restricted Stock Units are settled, equal to such withholding liability; provided that the number of such shares may not have a Fair Market Value greater than the minimum required statutory withholding liability unless determined by the Committee not to result in adverse accounting consequences.  Notwithstanding the foregoing, the Participant acknowledges and agrees that to the extent consistent with applicable law and the Participant’s status as an independent consultant for U.S. federal income tax purposes, the Company does not intend to withhold any amounts as federal income tax withholdings under any other state or federal laws, and the Participant hereby agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with the grant of Restricted Stock Units.
9. Notice.  Every notice or other communication relating to this Restricted Stock Unit Agreement between the Company and the Participant shall be in writing, which may include by electronic mail, and shall be mailed to or delivered to the party for whom it is intended at such address as may from time to time be designated by such party in a notice mailed or delivered to the other party as herein provided; provided, that unless and until some other address be so designated, all notices or communications by the Participant to the Company shall be mailed or delivered to the Company at its principal executive office, to the attention of the Company’s General Counsel, or its designee, and all notices or communications by the Company to the Participant may be given to the Participant personally or may be mailed to the Participant at the Participant’s last known address, as reflected in the Company’s records.  Notwithstanding the above, all notices and communications between the Participant and any third-party plan administrator shall be mailed, delivered, transmitted or sent in accordance with the procedures established by such third-party plan administrator and communicated to the Participant from time to time. 
10. No Right to Continued Service.  This Restricted Stock Unit Agreement does not confer upon the Participant any right to continue as a director or other service provider to the Company. 
11. Binding Effect.  This Restricted Stock Unit Agreement shall be binding upon the heirs, executors, administrators and successors of the parties hereto. 

2

​

12. Waiver and Amendments.  Except as otherwise set forth in Section 12 of the Plan, any waiver, alteration, amendment or modification of any of the terms of this Restricted Stock Unit Agreement shall be valid only if made in writing and signed by the parties hereto; provided, however, that any such waiver, alteration, amendment or modification is consented to on the Company’s behalf by the Committee.  No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. 
13. Governing Law.  This Restricted Stock Unit Agreement shall be construed and interpreted in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of law thereof.  Notwithstanding anything contained in this Restricted Stock Unit Agreement, the Grant Notice or the Plan to the contrary, if any suit or claim is instituted by the Participant or the Company relating to this Restricted Stock Unit Agreement, the Grant Notice or the Plan, the Participant hereby submits to the exclusive jurisdiction of and venue in the courts of Delaware. 
14. Plan.  The terms and provisions of the Plan are incorporated herein by reference.  In the event of a conflict or inconsistency between the terms and provisions of the Plan and the provisions of this Restricted Stock Unit Agreement (including the Grant Notice), the Plan shall govern and control. 
15. Section 409A.  It is intended that the Restricted Stock Units granted hereunder shall be exempt from Section 409A of the Code pursuant to the “short-term deferral” rule applicable to such section, as set forth in the regulations or other guidance published by the Internal Revenue Service thereunder.
16. Imposition of Other Requirements.  The Company reserves the right to impose other requirements on the Participant’s participation in the Plan, on the Restricted Stock Units and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
17. Electronic Delivery and Acceptance.  The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means.  The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company.
​
18. Entire Agreement.  This Restricted Stock Unit Agreement, the Grant Notice and the Plan constitute the entire agreement of the parties hereto in respect of the subject matter contained herein and supersede all prior agreements and understandings of the parties, oral and written, with respect to such subject matter. 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00331-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00331-of-00352.parquet"}]]