Document:

EX-10.2

 Exhibit 10.2 

EMPLOYMENT AGREEMENT AMENDMENT 

THIS AMENDMENT, dated as of the 1st day of September, 2019, amends the EMPLOYMENT
AGREEMENT (the “Agreement”) dated the 12th day of December, 2012, (the “Effective Date”) by and between David J. Langevin (“Employee”) and Manitex International, Inc., a Michigan corporation, whose address is 9725 S.
Industrial Drive, Bridgeview, Illinois 60455 (the “Company”). 
 The second paragraph of the RECITALS is amended
to read: 
 “WHEREAS, the Company desires to employ Employee as its Executive Chairman and Employee desires to
be employed by the Company, upon the terms and conditions set forth in this Agreement.” 
 Paragraph 1. is amended to
read: 
 “1.Employment Term. Subject to the terms and conditions set forth herein, the Company agrees to employ
Employee, and Employee hereby accepts employment, as the Executive Chairman of the Company and its subsidiaries, or a similar executive position (the “Position”), for a term commencing on September 1, 2019 (the “Commencement
Date”) and ending on September 1, 2022 (the “Employment Term”) unless otherwise terminated under this Agreement. The Employment Term will automatically extend for successive periods of three years at the end of each one
year anniversary of the current Employment Term unless either the Company or Employee notifies the other in writing (a “Non-Renewal Notice”) of the expiration of the Employment Term at least
90 days prior to the end of each annual anniversary. Employee and the Company agree that Employee’s employment with the Company constitutes “at-will” employment. Employee and the Company
acknowledge that this employment relationship may be terminated at any time, upon written notice to the other party, with or without good cause or for any or no cause, at the option either of the Company or Employee. However, as described in this
Agreement, Employee may be entitled to severance benefits depending upon the circumstances of Employee’s termination of employment.” 

Paragraph 2. is amended to read: 

“2. Duties. During the Term, Employee shall serve the Company faithfully and to the best of Employee’s
ability, shall devote Employee’s full attention, skill and efforts to the performance of the duties of the Position. Employee shall report to the Company’s Board of Directors. Employee will render such business and professional services in
the performance of his duties, consistent with Employee’s position within the Company, and will focus on strategic planning, long term financial planning, continued development of the Tadano relationship, and other matters as will reasonably be
assigned to him by the Board. During the Employment Term, Employee will devote Employee’s full business efforts and time to the Company and will use good faith efforts to discharge Employee’s obligations under this Agreement to the best of
Employee’s ability. For the duration of the Employment Term, Employee agrees not to actively engage in any other employment, occupation, or consulting activity for any direct or indirect remuneration without the prior approval of the Board;
provided, however that Employee may, without the approval of the Board, serve in any capacity with any civic, educational, or charitable organization, provided such services do not interfere with Employee’s obligations to Company.” 

Paragraph 4. is amended to read: 

“4. Compensation. 
  

	 	a.	 Base Salary. As of the Effective Date, the Company will pay Employee an annual salary of $350,000 as
compensation for his services (such annual salary, as is then effective, to be referred to herein as “Base Salary”). The Base Salary will be paid periodically in accordance with the Company’s normal payroll practices and be subject to
the usual, required withholdings. Employee’s salary will be reviewed annually by the Compensation Committee of the Board, or any successor thereto (the “Committee”) at the beginning of each year on or about March 1, and
adjustments may be made at the discretion of the Committee. 

	 	b.	 Annual Incentive. Employee will be eligible to receive annual cash incentives payable for the
achievement of performance totals established by the Committee. The actual earned annual cash incentive, if any, payable to Employee for any performance period will depend upon the extent to which the applicable performance goal(s) specified by the
Committee are achieved and will be decreased or increased accordingly. All payment of Annual Incentive shall be subject to normal and customary withholdings.” 

All terms and conditions of the Agreement other than those amended pursuant to this Amendment shall remain in full force and
effect. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed the day and year first written above.

  

	
	 “EMPLOYEE”

	
	 DAVID J. LANGEVIN

	
	 /s/ David J. Langevin

	
	 Date: September 1, 2019

	
	 “COMPANY”

	
	 MANITEX INTERNATIONAL, INC.

	
	 /s/ Laura R.Yu

	 Title: CFO and Treasurer

	 Date: September 1, 2019

  
 2Exhibit (10)(a)

    

    

    

    

    

    

    Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm

    

    

    

    

    We consent to the reference to our firm under the caption “Independent Registered Public Accounting Firm” in Post-Effective Amendment No. 5 to the 1933 Act
      Registration Statement (Form N-4 No. 333-212682) and Amendment No. 696 to the 1940 Act Registration Statement (Form N-4 No. 811-08517), and to the use therein of our reports dated (a) March 13, 2019, with respect to the consolidated financial
      statements of The Lincoln National Life Insurance Company and (b) April 16, 2019, with respect to the financial statements of Lincoln Life Variable Annuity Account N for the registration of interests in a separate account under
      individual flexible payment deferred variable annuity contracts.

    

    

    /s/ Ernst & Young LLP

    

    

    

    

    

    Philadelphia, Pennsylvania

    August 22, 2019tues-ex41_71.htm

Exhibit 4.1

 

DESCRIPTION OF CAPITAL STOCK

 

The authorized capital stock of Tuesday Morning Corporation (“Tuesday Morning”) currently consists of 110,000,000 shares, of which (1) 100,000,000 shares are designated as common stock, $.01 par value per share; and (2) 10,000,000 shares are designated as preferred stock, $.01 par value.  As of August 20, 2019, there were 46,647,665 shares of common stock issued and outstanding and no shares of preferred stock issued and outstanding.   

 

      The following summary description of Tuesday Morning's capital stock is not intended to be complete and is qualified in its entirety by reference to the provisions of applicable law and to Tuesday Morning's certificate of

incorporation and by-laws, filed as exhibits to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2019.

 

Common Stock

 

      Holders of shares of common stock are entitled to one vote for each share held of record on any matter submitted to the holders of common stock for a vote and do not have cumulative voting rights. All shares of common stock outstanding are fully paid and nonassessable.  Subject to the rights of the holders of any outstanding shares of preferred stock and any restrictions that may be imposed by any lender to Tuesday Morning, holders of common stock are entitled to receive such dividends, if any, as may be declared by the board of directors out of legally available funds.  In the event of the liquidation, dissolution or winding up of Tuesday Morning, holders of common stock are entitled to share equally and ratably, based on the number of shares held, in the assets, if any, remaining after payment of all of Tuesday Morning's debts and liabilities and the liquidation preference of any outstanding preferred stock. The shares of common stock are neither redeemable nor convertible, and the holders of common stock have no preemptive rights to subscribe for or purchase any additional shares of capital stock issued by Tuesday Morning.

 

Preferred Stock

 

      Tuesday Morning's certificate of incorporation authorizes its board of directors, subject to any limitations prescribed by law, to issue shares of preferred stock in one or more series without shareholder approval.  Each such

series of preferred stock will have such rights, preferences, privileges and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, as will be determined by the

board of directors. The purpose of authorizing the board of directors to issue preferred stock and determine its rights and preferences is to eliminate delays associated with a shareholder vote on specific issuances. The issuance of

preferred stock, while providing desirable flexibility in connection with possible acquisitions and other corporate purposes, could have the effect of making it more difficult for a third party to acquire, or discouraging a third party from acquiring, a majority of Tuesday Morning's outstanding voting stock.   

 

Delaware Takeover Statute

 

      Tuesday Morning is not subject to Section 203 of the Delaware General Corporation Law. Subject to certain exceptions, Section 203 prohibits a Delaware corporation from engaging in a "business combination" with an interested shareholder for three years following the date of the transaction on which an interested shareholder became such, unless the interested shareholder attained such status with the approval of the board of directors or the business combination is approved in a prescribed manner, or certain other conditions are satisfied. A "business combination" includes mergers, asset sales and other transactions resulting in a financial benefit to the interested stockholder. Subject to certain exceptions, an interested shareholder is a person who, together with affiliates and

associates, owns, or within three years did own, 15% or more of a corporation's voting stock. 

 

Limitation on Liability and Indemnification of Officers and Directors

 

      Our certificate of incorporation limits the liability of directors to the fullest extent permitted by Delaware law.  In addition, our certificate of incorporation and by-laws provide that we will indemnify our directors and officers to the fullest extent permitted by Delaware law.

 

      Our certificate of incorporation and by-laws provide that we will indemnify officers and directors against losses that they may incur in investigations and legal proceedings resulting from their services to Tuesday Morning, which may include services in connection with takeover defense measures.

 

Provisions of our Certificate of Incorporation and Bylaws May Impact a Change of Control

 

Provisions in our certificate of incorporation and bylaws will have the effect of delaying or preventing a change of control or changes in our management. These provisions include the following:

 

	
 
	
•
	
the ability of our Board of Directors to issue shares of our common stock and preferred stock without stockholder approval (subject to applicable NASDAQ requirements);

 

	
 
	
•
	
a requirement that stockholder meetings may only be called by our President, Chief Executive Officer, the Chairman of the Board or at the written request of a majority of the directors then in office and not our stockholders;

 

	
 
	
•
	
a prohibition of cumulative voting in the election of directors, which would otherwise allow less than a majority of stockholders to elect director candidates;

 

	
 
	
•
	
the ability of our Board of Directors to make, alter or repeal our bylaws without further stockholder approval; and

 

	
 
	
•
	
the requirement for advance notice for nominations for directors to our Board of Directors and for proposing matters that can be acted upon by stockholders at stockholder meetings.

 

Transfer Agent and Registrar

 

      The Transfer Agent and Registrar for our common stock is Computershare, Inc. Its address is 250 Royall Street, Canton, Massachusetts 02021, and its telephone number at this location is (877) 268-3016.

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