Document:

Exhibit 4.2

 

THIRD SUPPLEMENTAL INDENTURE

 

THIS THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of January 31, 2011, among The Yankee Candle Company, Inc., a Massachusetts corporation (the “Company”), Yankee Candle Restaurant Corp., a Delaware corporation (“Restaurant Corp.”), Creative Fragrance Concepts, LLC, a Delaware limited liability company (f/k/a Creative Fragrance Concepts, Inc. and Quality Gift Distributors, Inc., “Creative Fragrance”), Yankee Candle Admin LLC, a Virginia limited liability company (“Yankee Admin” and collectively with Restaurant Corp. and Yankee Admin, the “Existing Subsidiary Guarantors”), Yankee Holding Corp., a Delaware corporation (the “Parent Guarantor”), Yankee Candle Brand Management, Inc., a Delaware corporation (the “New Guarantor” and collectively with the Existing Subsidiary Guarantors, the “Subsidiary Guarantors”), and HSBC Bank, USA National Association, as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company, the Parent Guarantor, the Existing Subsidiary Guarantors and the Trustee are parties to that certain Indenture, dated as of February 6, 2007, as supplemented by that Supplemental Indenture dated February 6, 2007 and that Second Supplemental Indenture dated August 21, 2007 (the “Indenture”), providing for the issuance of the Company’s 8 1/2% Senior Notes due 2015 (the “Notes”);

 

WHEREAS, on August 5, 2010, the Company formed the New Guarantor, a wholly-owned subsidiary of the Company;

 

WHEREAS, the New Guarantor became a “Subsidiary Guarantor” under that certain Credit Agreement, dated as of February 6, 2007 (as supplemented, amended or otherwise modified from time to time), by and among the Parent Guarantor, the Company and the “Lenders” and the “Administrative Agent” party thereto;

 

WHEREAS, Sections 4.17 and 9.1 of the Indenture provide that under certain circumstances the Company is required to cause the New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall unconditionally guarantee all of the Company’s obligations under the Notes pursuant to a Guarantee on the terms and conditions set forth herein without the consent of the Holders; and

 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

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

 

1.                                       CAPITALIZED TERMS.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2.                                       AGREEMENT TO GUARANTEE.  The New Guarantor hereby agrees, jointly and severally with the Parent Guarantor and the Existing Subsidiary Guarantors, to unconditionally guarantee the Company’s obligations under the Notes and subject to the conditions set forth in Article XI of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes 

 

 

applying to a Guarantor and to perform all of the obligations and agreements of a Guarantor under the Indenture.

 

3.                                       NOTICES.  All notices or other communications to the New Guarantor shall be given as provided in Section 12.2 of the Indenture.

 

4.                                       RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE.  Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

 

5.                                       GOVERNING LAW.  THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF.

 

6.                                       TRUSTEE MAKES NO REPRESENTATION.  The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

 

7.                                       COUNTERPARTS.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

8.                                       EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.

 

2

 

IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

	
 
    	
YANKEE   CANDLE BRAND MANAGEMENT, INC.,
    
	
 
    	
as   the New Guarantor
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James A. Perley, Jr.
    
	
 
    	
Name:
    	
James   A. Perley, Jr.
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
THE   YANKEE CANDLE COMPANY, INC.,
    
	
 
    	
as   the Company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Harlan Kent
    
	
 
    	
Name:
    	
Harlan   Kent
    
	
 
    	
Title:
    	
Chief   Executive Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
YANKEE   CANDLE RESTAURANT CORP.,
    
	
 
    	
as   an Existing Subsidiary Guarantor
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Harlan Kent
    
	
 
    	
Name:
    	
Harlan   Kent
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CREATIVE   FRAGRANCE CONCEPTS, LLC,
    
	
 
    	
as   an Existing Subsidiary Guarantor
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James A. Perley, Jr.
    
	
 
    	
Name:
    	
James   A. Perley, Jr.
    
	
 
    	
Title:
    	
President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
YANKEE   CANDLE ADMIN LLC,
    
	
 
    	
as   an Existing Subsidiary Guarantor
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Lisa K. McCarthy
    
	
 
    	
Name:
    	
Lisa   K. McCarthy
    
	
 
    	
Title:
    	
President
    

 

Signature Page to Third Supplemental Indenture - Senior Indenture

 

 

	
 
    	
YANKEE   HOLDING CORP., as the Parent Guarantor
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Harlan Kent
    
	
 
    	
Name:
    	
Harlan   Kent
    
	
 
    	
Title:
    	
Chief   Executive Officer
    

 

Signature Page to Third Supplemental Indenture - Senior Indenture

 

 

	
 
    	
HSBC   BANK USA, NATIONAL ASSOCIATION, as the Trustee
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Ignazio Tamburello
    
	
 
    	
Name:
    	
Ignazio   Tamburello
    
	
 
    	
Title:
    	
Vice   President
    

 

Signature Page to Third Supplemental Indenture - Senior IndentureExhibit 10.15

 

Seagate Technology plc

FY2011 Non-Management Board Member Compensation

as approved by the Board of Directors on July 27, 2010, with an effective date of July 3, 2010

as amended on October 27, 2010, with an effective date of October 27, 2010

 

Director Stock Grants

 

·                  Each newly appointed or elected non-management director will receive an initial restricted share unit grant equal in number to $200,000 divided by the average closing stock price for the quarter prior to the grant and rounded to the nearest whole share. If the appointment occurs other than in connection with the election of directors, this dollar amount shall be prorated. The grant date for these awards shall be the date of the director’s election or appointment. Each restricted share unit grant will vest on the sooner of the one-year anniversary from the grant date or on the day prior to the next election of directors at an AGM. However, any grants made prior to the January 2011 AGM will vest on the sooner of the one-year anniversary from the grant date or on the day prior to the next election of directors at an AGM, excluding the January 2011 AGM. All restricted share unit grants become fully vested in the event of a “Change in Control” of Seagate.  However, if the new director was, prior to commencement of Board service, an officer or member of the board of directors of an entity acquired by Seagate, the Board may decide to award a lesser number of shares.

 

·                  Each year at the AGM, or, with respect to the FY2011 annual grant, on October 27, 2010, each non-management director who is elected to the Board shall automatically receive a grant of restricted share units equal in number to $200,000 divided by the average closing stock price for the quarter prior to the grant and rounded to the nearest share. The grant date for these awards shall be the date of the AGM, or, with respect to the FY2011 annual grant, October 27, 2010. No grants will be made at the AGM in January 2011. Each restricted share unit grant will vest on the sooner of the one-year anniversary from the grant date or on the day prior to the next election of directors at an AGM. However, the grants made on October 27, 2010 will vest on the sooner of the one-year anniversary from the grant date or on the day prior to the next election of directors at an AGM, excluding the January 2011 AGM.  All restricted share unit grants become fully vested in the event of a “Change in Control” of Seagate.

 

Cash Compensation

 

·                  Directors in good standing are paid their annual cash retainers in four equal installments at each regularly scheduled quarterly board meeting.  Newly appointed Directors are paid beginning with the first fiscal quarter of the first Board meeting they attend.

 

·                  Directors serving on Committees (as chairperson or member) and the director serving as the Lead Independent Directors are paid annual retainers in addition to the annual cash compensation for service as a member of the Board, as set forth below.

 

Annual cash compensation for service as non-executive Chairperson $150,000

 

Annual cash compensation for service as a member of the Board:  $72,000

 

Annual cash compensation for service as Lead Independent Director:  $25,000

 

Annual cash compensation for committee service:

 

	
Audit Committee
    	
 
    	
 
    	
 
    
	
Chairperson:
    	
 
    	
$
    	
50,000
    	
 
    
	
Member:
    	
 
    	
$
    	
25,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Compensation Committee
    	
 
    	
 
    	
 
    
	
Chairperson:
    	
 
    	
$
    	
20,000
    	
 
    
	
Member:
    	
 
    	
$
    	
10,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Nominating and Corporate   Governance Committee
    	
 
    
	
Chairperson:
    	
 
    	
$
    	
20,000
    	
 
    
	
Member:
    	
 
    	
$
    	
10,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Strategic and Financial   Transactions Committee
    	
 
    
	
Chairperson:
    	
 
    	
$
    	
20,000
    	
 
    
	
Member:
    	
 
    	
$
    	
10,000
    	
 
    

 

Travel expense reimbursements:

 

Directors are reimbursed for all reasonable expenses related to traveling to Board meetings.

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