Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 4.2

 
 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM    
    

        We consent to the reference to our firm under the caption "Experts" in the Registration Statement (Form F-8) pertaining to The Toronto-Dominion
Bank's offer dated March 13, 2006 to purchase all of the issued and outstanding shares of VFC Inc. We also consent to the incorporation by reference therein of our auditors' report dated
November 22, 2005, with respect to consolidated financial statements as at and for the years ended October 31, 2005 and 2004 of The Toronto-Dominion Bank included in its Annual Report to
shareholders for the year ended October 31, 2005 (and set forth in its Form 40-F for the fiscal year ended October 31, 2005 filed with the
U.S. Securities and Exchange Commission). 

	
 /s/ ERNST & YOUNG LLP

Ernst & Young LLP

Toronto, Canada

March 13, 2006	
 	

/s/ PRICEWATERHOUSECOOPERS LLP

PricewaterhouseCoopers LLP

Toronto, Canada

March 13, 2006

QuickLinks

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMQuickLinks
 -- Click here to rapidly navigate through this document
  

Exhibit 10.28  

 
 

ALDERWOODS GROUP, INC.
  
    EMPLOYEE STOCK PURCHASE PLAN    
    

        This Employee Stock Purchase Plan (the "Plan") offers participants in the Plan (each, a "Participant" and collectively, the "Participants") an employer
contribution toward the purchase of shares of common stock, par value $.01 per share (the "Common Shares"), of Alderwoods Group, Inc. (the "Company"). 

	1.
	PURPOSE.    This Plan is designed to provide Eligible Employees (as defined below) of the Company and its subsidiaries
("Subsidiaries") with an opportunity to purchase Common Shares of the Company through payroll deductions and thereby to better enable the Company and its Subsidiaries to retain and attract qualified
employees and to provide additional incentives to Eligible Employees through increased stock ownership.

	2.
	ADMINISTRATION.

	(a)
	The
Plan will be administered by the Compensation Committee of the Board of Directors of the Company (the "Committee"). The Committee will have the authority to:
(i) make rules and regulations for the administration of the Plan; (ii) designate the employees who are eligible to participate in the Plan (the "Eligible Employees"); and
(iii) interpret the provisions of the Plan. The Committee's interpretations and decisions with regard to the Plan shall be final and conclusive.

	(b)
	The
Committee will designate the purchasing agent for Participants in the Plan who are residents of the United States for income tax purposes
(the "U.S. Purchasing Agent") and the purchasing agent for Participants in the Plan who are residents of Canada for income tax purposes (the "Canadian Purchasing Agent" and,
together with the U.S. Purchasing Agent, the "Purchasing Agent"). References elsewhere in this Plan to the Purchasing Agent will, when the context requires, refer to the U.S. Purchasing
Agent or the Canadian Purchasing Agent, as applicable. The Purchasing Agent will maintain records, send statements of account to Participants, and perform other duties relating to the Plan. The
Purchasing Agent will purchase the Common Shares to be offered and sold under the Plan on the open market and the Purchasing Agent, in its sole discretion, will determine the times and the prices on
each Investment Date (as defined below) at which such purchases will be made. The Committee reserves the right to replace the Purchasing Agent from time to time.

	3.
	ERISA.    This Plan is not subject to any provisions of the Employee Retirement Income Security Act of 1974 and is not a
qualified plan under Section 401(a) or any other applicable Section of the Internal Revenue Code of 1986, as amended.

	4.
	SHARES SUBJECT TO THE PLAN.    The shares subject to this Plan are the Common Shares. All Common Shares purchased under, or
sold pursuant to, the Plan will be purchased or sold, as the case may be, on the NASDAQ National Market System or, if the Common Shares are not traded on the NASDAQ National Market System, the
principal national securities exchange upon which the Common Shares are traded or quoted. The total number of Common Shares authorized for purchase under this Plan may not exceed 1,100,000, subject to
adjustment in accordance with Section 20 herein. 

1

 
	5.
	ELIGIBLE EMPLOYEES.    The Committee has full power and authority to designate the employees who are Eligible Employees for
purposes of the Plan. Unless and until further action is taken by the Committee: (a) the Eligible Employees shall be the employees holding the following positions with the Company or a
Subsidiary (the "Eligible Positions"): Vice President and any officer senior to any Vice President, Director, Regional General Manager, Regional Sales Manager, Geographic Controller, Market
Growth Manager, Senior Manager, Manager, General Manager, Location Manager, Sales Manager, Regional Administrator, Market Administrator and Support Center Manager; and (b) employees of the
Company or a Subsidiary who are hired into an Eligible Position after the effective date of the Plan will become Eligible Employees after they have been continuously employed in such Eligible Position
for three months; provided, however, that if such employee was previously employed by the Company or a Subsidiary and was promoted to one of the Eligible Positions, such employee shall become an
Eligible Employee immediately upon such promotion to the Eligible Position.

	6.
	OFFERING OF SHARES AND CHANGING PAYROLL DEDUCTION.

	(a)
	The
purchase of Common Shares subject to this Plan shall be available to each Eligible Employee who enrolls in the Plan on-line through the Purchasing Agent's enrollment
website. Enrolling on-line will authorize a regular payroll deduction from the Eligible Employee's compensation, and will commence as soon as administratively possible following
enrollment. Enrollment may not be retroactive. Participation in the Plan is voluntary.

	(b)
	Subject
to the limits set forth in Section 10 below, each annualized payroll deduction must be a minimum of 1% of the Participant's annual base salary (or, in the case
of Sales Managers, 1% of the Participant's commissions earned in each pay period) and must be in multiples of 1% of such Participant's annual base salary or sales commissions, as the case may be.

	(c)
	Subject
to the limits set forth in Section 10 below, a Participant may at any time increase or decrease the Participant's payroll deduction, in multiples of 1%, by selecting a
new percentage in their on-line account with the Purchasing Agent. The change may not become effective sooner than the next pay period after the on-line change. A payroll
deduction may be increased only once and reduced only once during any calendar quarter.

	7.
	PARTICIPANT ACCOUNTS.    The payroll deductions on behalf of each Participant shall be credited, for bookkeeping purposes, to
the Participant's payroll deduction account (the "Payroll Deduction Account") as of the last day of such payroll period. No interest shall be credited to such Payroll Deduction Account. The
funds credited to the Payroll Deduction Accounts shall be segregated from, and not commingled with, other funds of the Company or any Subsidiary, as the case may be. Common Shares purchased under the
Plan for each Participant will be credited to a Plan share account for each Participant (the "Plan Share Account"). 

2

 
	8.
	PURCHASE OF SHARES.    Payroll deductions and the Company Contributions (as defined in Section 14 below) will be
retained in the Payroll Deduction Accounts until the end of each calendar month. The Company (or the applicable Subsidiary) will promptly forward all funds in the Payroll Deduction Accounts to
the Purchasing Agent upon the conclusion of each month, which the Purchasing Agent will invest in Common Shares on each Investment Date. No interest will be paid on the funds in a Participant's
Payroll Deduction Account pending their investment.

	9.
	INVESTMENT DATE.    With respect to all payments made by the Participant under the Plan and except as otherwise determined by
the Committee, "Investment Date" means the first day following the last day of each month on which it is administratively feasible to invest in Common Shares.

	10.
	LIMITATIONS ON THE PURCHASE OF SHARES.    Each Participant is limited in the amount of payroll deductions which may be made
and credited to the Plan in any year. Until further action by the Committee, all payroll deductions made and credited to the Plan from any Participant may not exceed five percent (5%) of the
Participant's annual base salary (or, in the case of Sales Managers, 5% of the Participant's commissions earned in each pay period).

	11.
	REPORTS TO PARTICIPANTS.

	(a)
	Each
Participant in the Plan will receive a printed quarterly statement of account. These statements are a record of the date and cost of each purchase made pursuant to the Plan and
should be retained for income tax purposes. In addition, each Participant will receive, from time to time, copies of all reports, proxy statements, and other communications distributed to holders of
the Common Shares generally.

	(b)
	Prior
to making any purchases under the Plan, the Purchasing Agent will communicate to the Company the total number of shares to be purchased on behalf of the Participants, including
Participants who are directors or officers of the Company (the "Section 16 Insiders") within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"). The Purchasing Agent will, with respect to purchases made hereunder on behalf of any Section 16 Insider, send an electronic confirmation to each Section 16
Insider, stating the number of Common Shares purchased and the purchase price therefor before the end of the business day on which such purchase occurred.

	12.
	TERMINATION OF PARTICIPATION.    A Participant may terminate his or her participation in the Plan by selecting a contribution
percentage of 0% in the on-line account with the Purchasing Agent. Upon such notice to terminate participation in the Plan, the Eligible Employee will cease to be a Participant and the
balance of the uninvested funds in the Participant's Payroll Deduction Account, if any, shall be remitted to the Participant. 

3

 
	13.
	PURCHASE PRICE.    The purchase price to the Participant of Common Shares purchased will be 100% of the weighted average
price paid by the Purchasing Agent in all such purchases made on the applicable Investment Date. No commission or service charge is paid by a Participant in connection with purchases under the Plan.

	14.
	COMPANY CONTRIBUTION.    Subject to Section 18 below, immediately prior to forwarding funds in each Participant's
Payroll Deduction Account pursuant to Section 8, the Company will make a cash contribution as additional compensation (the "Company Contribution") to each Participant's Payroll Deduction
Account equal to 50% of the amount of the Participant's payroll deductions for that month, provided that in no event will there be a Company Contribution on any payroll deductions in excess of the
permitted amounts set forth in Section 10.

	15.
	TERMINATION OF EMPLOYMENT.    If a Participant's employment with the Company or a Subsidiary is terminated for any reason,
participation in the Plan shall terminate on the date that notice of termination is provided (or, in the event of the Participant's death or retirement, on the date of death or retirement, as
the case may be) and the balance of the uninvested funds in the Participant's Payroll Deduction Account, if any, shall be remitted to the Participant (or, in the event of the Participant's
death, to the Participant's estate). As soon as is administratively feasible after the notice of termination has been given (or after the date of death or retirement), the Purchasing Agent will
convert the Participant's Plan Share Account to a customer account with the Purchasing Agent, if one is available, or will transfer the Common Shares in the Participant's Plan Share Account to the
Participant's personal brokerage account. In connection with the termination of a Participant's account, if a Participant (or the Participant's estate, guardian or beneficiary, as the case may
be) requests through their on-line account, the Purchasing Agent will sell full shares which the Participant requests the Purchasing Agent to sell and will deliver to the Participant
(or the Participant's estate, guardian or beneficiary, as the case may be) the proceeds, less any brokerage fee or commission, any applicable taxes, and any other administrative costs of sale.
A cash payment will be made in lieu of issuance of any fraction of a Common Share held in the Participant's Plan Share Account.

	16.
	TRANSFERABILITY OF PLAN INTEREST, RIGHTS AND COMMON SHARES.    The right to purchase Common Shares under this Plan may not be
transferred by a Participant or an Eligible Employee, and may be exercised only by the Participant or an Eligible Employee or by his or her legal representative while an Eligible Employee of the
Company or a Subsidiary. Common Shares in the Plan Share Account of a Participant may not be pledged or assigned, and any such purported pledge or assignment shall be void. A Participant who wishes to
pledge or assign any such Common Shares in the Participant's Plan Share Account must first withdraw such Common Shares from the Plan Share Account. 

4

 
	17.
	RIGHTS OF SHAREHOLDER.

	(a)
	Common
Shares in a Participant's Plan Share Account will be held in the name of the Participant or in the Plan's name as "nominee". The number of Common Shares in a Participant's Plan
Share Account under the Plan will be shown on the Participant's statement of account.

	(b)
	If
and when any cash dividend is payable with respect to Common Shares in the Participant's Plan Share Account, including a pro rata dividend on fractional Common Shares, such
dividend will be re-invested in Common Shares to be credited to the Participant's Plan Share Account.

	(c)
	Any
distribution of Common Shares on account of a dividend payable in Common Shares or a split of Common Shares attributable to Common Shares in a Participant's Plan Share Account
will be added to such account.

	(d)
	For
each meeting of shareholders of the Company, each Participant will receive proxy materials of the Company that will enable the Participant to vote the Common Shares owned by the
Participant in the Participant's Plan Share Account.

	18.
	WITHDRAWAL OR SALE OF SHARES FROM PLAN ACCOUNT.    A Participant may withdraw Common Shares from the Participant's Plan Share
Account at any time. However, if any Common Shares are withdrawn from the Plan Share Account, the Participant will not receive a Company Contribution with respect to any payroll deductions made and
credited to such Participant's Payroll Deduction Account for a period of twelve months after the date of such withdrawal, unless otherwise determined by the Committee. Common Shares in a Participant's
Plan Share Account may be withdrawn by a Participant by submitting a change to their on-line account specifying the number of shares to be withdrawn. Certificates for whole Common Shares
so withdrawn will be issued to and registered in the name of the Participant, unless the Participant, by written notice to the Purchasing Agent, requests that the Purchasing Agent sell such shares for
the Participant's account. If a Participant requests such sale, the sale will be made by the Purchasing Agent for the Participant's account within a reasonable time after the Participant's withdrawal
is processed. The Participant will be entitled to receive the proceeds from any withdrawal or sale, less any brokerage fees or commissions, any applicable taxes, and any other administrative costs of
sale, which fees and costs will either be deducted from the withdrawal or sale proceeds or invoiced to the Participant. A cash payment will be made in lieu of issuance of any fraction of a Common
Share held in the Participant's Plan Share Account.

	19.
	TAX CONSEQUENCES.    For a participant who is a resident of the United States for income tax purposes, the amounts
used to purchase Common Shares under this Plan will be taxable to the Participant as ordinary compensation. The amount of the Company Contribution attributable to purchases made under the Plan will
also be treated for United Stated federal income tax purposes as ordinary compensation to the Participant. In addition, commission and brokerage fees paid by the Company in connection with purchases
of Common Shares under the Plan will be taxable income to the Participants in an amount equal to each Participant's pro rata share of such commission and fees and will be reported as ordinary
income for the calendar year by the Company or the applicable Subsidiary with respect to each Participant's Plan Share Account. Appropriate taxes will be withheld from compensation otherwise payable
to employees participating in the Plan. 

5

 

For
a participant who is a resident of Canada for income tax purposes, the portion of the Participant's annual base salary that the Participant designates in the Purchasing Agent's enrollment website
referred to in Section 6 will be subject to regular income tax and other source deductions. The amount of the Company Contributions will be treated as a taxable benefit from employment and will
be subject to regular income tax and other source deductions. In addition, commission and brokerage fees paid by the Company in connection with purchases of Common Shares under the Plan will be
taxable income to the Participants in an amount equal to each Participant's pro rata share of such commission and fees and will be reported as ordinary income for the calendar year by the
Company or the applicable Subsidiary with respect to each Participant's Plan Share Account. Appropriate taxes will be withheld from compensation otherwise payable to employees participating in the
Plan. 

Participants are advised to consult their own tax advisors to determine the particular federal, state, local, and foreign income tax consequences that may result from their
participation in the Plan and the subsequent sale or other disposition of Common Shares under the Plan. The income tax consequences vary by jurisdiction.

	20.
	ADJUSTMENTS UPON CHANGE IN SHARES.    In the event of any change in the Common Shares subject to the Plan by reason of a
merger, consolidation, reorganization, or other corporate transactions or of a stock dividend, stock split, or other capital adjustment, the total number and class of shares that may be offered and
sold under this Plan shall be appropriately adjusted as deemed equitable by the Board of Directors of the Company (the "Board"). In the event of any other change affecting the Common Shares,
such adjustment shall be made as may be deemed equitable by the Board to give proper effect to such event.

	21.
	TERMINATION OR AMENDMENT OF THE PLAN.

	(a)
	The
Plan and all rights of Eligible Employees and Participants shall terminate:

	(i)
	on
the day that the Participants become entitled to purchase a number of shares equal to or greater than the number of shares remaining available for purchase under the
Plan, unless extended by the Board; or

	(ii)
	at
any time, at the discretion of the Board.

	(b)
	If
on the day the Plan terminates, Participants are entitled to purchase a number of Common Shares greater than the number of shares remaining available for purchase under the Plan,
the available Common Shares shall be allocated by the Board (or the Committee) among such Participants in such manner as it deems fair. Upon termination of the Plan, all cash amounts in the
Payroll Deduction Accounts of the Participants shall be carried forward into the Participant's payroll deduction account under a successor plan, if any, or promptly refunded. 

6

 

	(c)
	Upon
the termination of the Plan, certificates for whole Common Shares in a Participant's Plan Share Account under the Plan will be issued, and a cash payment will be made in lieu of
issuance of any fraction of a Common Share.

	(d)
	The
Board may amend, suspend or modify the Plan at any time; provided, however, that any amendment that must be approved by the shareholders of the Company in order to comply with
applicable law or the rules of the NASDAQ National Market System or, if the Common Shares are not traded on the NASDAQ National Market System, the principal national securities exchange upon which the
Common Shares are traded or quoted, shall not be effective unless and until such approval has been obtained. Notice of any such amendment, suspension or modification will be sent to all Participants.
Any such amendments, suspensions or modifications shall conclusively be deemed to be accepted by the Participant, unless prior to the effective date of any such amendment as set forth in the notice,
the Alderwoods' Compensation Department receives written notice of termination of the Participant's account.

	22.
	COMPLIANCE WITH SECURITIES LAWS.    No Common Shares may be purchased under this Plan until the Company has taken all actions
then required to comply with the Securities Act of 1933, as amended, the Exchange Act, any applicable state or Canadian provincial securities laws, and the rules of any exchange or association on
which the Common Shares may be listed.

	23.
	EFFECTIVE DATE.    The Company's Board of Directors adopted this Employee Stock Purchase Plan on March 15, 2005,
subject to shareholder approval. The effective date of this Plan is April 28, 2005, the date of such shareholder approval.

	24.
	ADDITIONAL INFORMATION.    For questions regarding enrollment in the Plan and changes in payroll deductions please contact
the Alderwoods' Compensation Department 1-877-707-7100. For all other questions regarding the Plan, please contact the Purchasing Agent at the appropriate address
provided by the Purchasing Agent. 

Approved by Shareholders — April 28th, 2005
Amended and Restated by the Board of Directors — November 15, 2005

7

QuickLinks

ALDERWOODS GROUP, INC. EMPLOYEE STOCK PURCHASE PLAN

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]