Document:

EX-4.1

 Exhibit 4.1 
  

	
	

 ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS#

SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PERPETUAL 
PREFERRED SHARES 
PAR VALUE $1.00 
Certificate Number 
ZQ00000000 
THIS CERTIFICATE IS TRANSFERABLE 
IN CANTON, MA, JERSEY CITY, NJ AND 
COLLEGE STATION, TX 
Shares 
**000000****************** 
***000000***************** 
****000000**************** 
*****000000*************** 
******000000************** 
TSAKOS ENERGY NAVIGATION LIMITED 
INCORPORATED UNDER THE LAWS OF BERMUDA 
THIS CERTIFIES THAT 
MR. SAMPLE & MRS. SAMPLE & MR. SAMPLE & MRS. SAMPLE 
CUSIP G9108L 16
5 
SEE REVERSE FOR CERTAIN DEFINITIONS 
is the owner of 
***ZERO HUNDRED THOUSAND ZERO HUNDRED AND ZERO*** 
FULLY-PAID AND NON-ASSESSABLE SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PERPETUAL PREFERRED SHARES OF 
TSAKOS ENERGY NAVIGATION LIMITED (hereinafter called the “Company”), transferable on the register of members of the Company in person or by duly authorized attorney, upon
surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Memorandum of Association, as amended, and the
Bye-Laws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless
countersigned and registered by the Transfer Agent and Registrar. 
Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized
officers. 
FACSIMILE SIGNATURE TO COME 
President 
FACSIMILE SIGNATURE TO COME 
Secretary 
TSAKOS ENERGY NAVIGATION LIMITED 
SEAL 
DATE 
BERMUDA 
DATED DD-MMM-YYYY 
COUNTERSIGNED AND REGISTERED: 
COMPUTERSHARE TRUST COMPANY, N.A. 
TRANSFER AGENT AND REGISTRAR, 
By 
AUTHORIZED SIGNATURE 
SECURITY INSTRUCTIONS ON REVERSE 
1234567 
TSAKOS ENERGY NAVIGATION LIMITED 
PO BOX 43004, Providence, RI 02940-3004 
MR A SAMPLE 
DESIGNATION (IF ANY) 
ADD 1 ADD 2 ADD 3 ADD 4 
CUSIP 
Holder ID 
Insurance Value 
Number of Shares 
DTC 
XXXXXX XX X 
XXXXXXXXXX 
1,000,000.00 
123456 
12345678 123456789012345 
Certificate Numbers Num/No. Denom. Total 
1234567890/1234567890 1 1 1 
1234567890/1234567890 2 2 2 
1234567890/1234567890 3 3 3 
1234567890/1234567890 4 4 4 
1234567890/1234567890 5 5 5 
1234567890/1234567890 6 6 6 
Total Transaction 7 

  
  

TSAKOS ENERGY NAVIGATION LIMITED 
 THE COMPANY WILL FURNISH
WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF SHARES OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR
RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE MEMORANDUM OF ASSOCIATION AND BYE-LAWS OF THE COMPANY,
AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE
TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE OWNER OF A LOST OR DESTROYED SHARES CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE
MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE. 
  
  

													
	 	 	 The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws or regulations:
  
	 	 
	 	 	    TEN COM	 	- as tenants in common	 	 UNIF GIFT MIN ACT
	 	
-                  
                  
Custodian                                      

	 	 
	 	 		 		 		 	              
(Cust)                                        
    (Minor)
	 	 
	 	 	    TEN ENT	 	- as tenants by the entireties	 		 	 under Uniform Gifts to Minors Act
                                   
	 	 
	 	 		 		 		 	
                   
                                         
            (State)
	 	 
	 	 	    JT TEN	 	- as joint tenants with right of   	 	 UNIF TRF MIN ACT
	 	
-                  
            Custodian (until age
                            )
	 	 
	 	 		 	   survivorship and not as

  tenants in common
	 		 	
              (Cust)
	 	 
	 	 		 	 		 	
                under Uniform
Transfers to Minors Act              
	 	 
	 	 		 	 		 	  (Minor)
  
	 	
                   
                                         
      (State)
	 	 
	 	 	     Additional abbreviations may also be used though not in the above
list.
  
	 	 	 	 

  

			
		 	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
		 
	 For value received,
                     hereby sell, assign and transfer unto
	 	 

  

	
	  

	 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)

  
  

 
  
  

 

			
		
	  
	 	Shares
	of the Series F Fixed-To-Floating Rate Cumulative Redeemable Perpetual Preferred Shares represented by the within Certificate, and do hereby
irrevocably constitute and appoint

  

			
		
	  
	 	Attorney
	to transfer the said shares on the register of members of the within-named Company with full power of substitution in the premises.

 
  

													
		 		 		 		 		 	Signature(s) Guaranteed: Medallion Guarantee Stamp
	Dated:	 	  
	 	20	 	
                        

	 		 	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan
Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15.
	  
 Signature:
	 	  
	 		 
	  
 Signature:
	 	  
	 		 
		 	 Notice:  The signature to this assignment must correspond with the name as written
upon the face of the certificate, in every particular, without alteration or enlargement, or any change whatever.
  
	 		 

							
	

	 		 	  
 The IRS requires that the named transfer agent (“we”)
report the cost basis of certain shares or units acquired after January 1, 2011. If your shares or units are covered by the legislation, and you requested to sell or transfer the shares or units using a specific cost basis calculation method,
then we have processed as you requested. If you did not specify a cost basis calculation method, then we have defaulted to the first in, first out (FIFO) method. Please consult your tax advisor if you need additional information about cost
basis.
  
 If you do not keep in contact with the issuer or do not have any activity
in your account for the time period specified by state law, your property may become subject to state unclaimed property laws and transferred to the appropriate state.Exhibit

EXHIBIT 10.1

PATTERSON COMPANIES, INC.
Fiscal 2018
Incentive Plan

PLAN PURPOSE 
The objective of Fiscal 2018 Patterson Companies, Inc. (PDCO) Incentive Compensation Plan (the “Plan”) is to encourage greater initiative, resourcefulness, teamwork, and efficiency on the part of its employees. The day-to-day performance and responsibilities of each individual have a direct impact on our internal and external customer satisfaction, sales and operational goals, which ultimately affects the profitability of the company.

ELIGIBILITY 
Participation
This Incentive Program is designed to include designated employees across the organization.  Incentive opportunity for targeted groups of employees is specified in the Plan schedules attached to this document. Newly hired, transferred, or employees who become participants during the Plan year will be eligible on a prorated basis under the respective schedule.

Participation in the Plan is determined by the Chief Executive Officer (CEO) of Patterson Companies, Inc. with approval of the Chief Executive Officer (CEO) of each respective subsidiary or operating unit and is based on level of responsibility and organizational impact of the participant. 

Participants are eligible for participation in only one Patterson Companies, Inc. (or subsidiary thereof) incentive, bonus, or other variable pay program, unless so authorized by specific provisions included in this Plan and the respective Patterson Companies, Inc. variable pay Plan document(s).

Award Payments
To receive an award several criteria must be met:
		
	1.
	Employment - To be eligible to receive an award, the individual must be employed by Patterson Companies, Inc., or a subsidiary thereof, on the last day of the fiscal year;

		
	a.
	Job elimination - Participants whose positions are eliminated may, at the discretion of management, be eligible for prorated awards based on tenure in the qualifying position, overall performance level, actual results attained, and other criteria determined by management;

		
	b.
	Job transfer - Participants who transfer into or out of eligible positions within the company may be eligible for prorated awards based on tenure in the qualifying position, overall performance level, actual results attained, and management discretion;

		
	c.
	Job promotion - If an employee is promoted during the plan year and is assigned to a new bonus plan or an increased target bonus percentage, their bonus award will be prorated based on the new base salary. If the promotion results only in a base pay increase, the pay rate as of the beginning of the fiscal year will be used for the bonus calculation.

		
	2.
	Performance - Continued participation in the Plan is dependent upon the participant remaining an employee in good standing as defined by Patterson Companies, Inc. or its subsidiary. To qualify for an award, a participant must have a satisfactory performance rating and not be on a formal performance improvement plan. A participant on written warning or disciplinary 

                                                                                                                                                                                    1

status at any time during the Plan year may have his/her incentive award reduced or denied at management’s discretion;
		
	3.
	Ethical and Legal Standards - Participants are required to be in compliance with, and abide by, Patterson Companies, Inc. Code of Ethics and comply with the letter and spirit of its provisions at all times.

No awards are considered earned until the last day of the fiscal year.

BASIS FOR AWARDS
The management of Patterson Companies, Inc. will approve participant objectives and evaluate performance of the business unit. Performance will be evaluated based on the specific goals and measures described in the attached plan schedules, the effective management of customer and employee relations, and compliance with company expectations of good business practices and ethical conduct.

Patterson Companies, Inc. reserves the right to make changes to the Plan at any time, including but not limited to: withdraw or withhold from the Plan any transaction, product or service it might select; revise territories; establish specific account, customer, or portfolio representation; and assign or reassign specific accounts, customers, or portfolios within a participant’s location service area at any time during the fiscal year. 

Goals, incentive targets, territory assignments, and any other factors affecting this Plan may be reviewed and changed at any time during the Plan year.

APPROVAL OF AWARD PAYMENTS
The CEO of each respective subsidiary or operating unit will review and approve all award recommendations prior to submission to payroll for payment. Management may adjust payments at its own discretion to reflect the impact of any event that distorts actual results achieved and effective management of customer and employee relations. All awards are paid at the discretion of management.

DISTRIBUTION OF AWARD PAYMENTS
Generally, awards are calculated following the end of the fiscal year and payments are scheduled within 75 days after the end of the fiscal year. 

Award payments are made by the same means as the individual’s normal payroll. Applicable withholdings are deducted from all payments. Payments made under this Plan will be used in the calculation of benefits only as allowed under the applicable benefit plan. Awards are considered as earned by the participant on the last day of the fiscal year.

Generally, awards are determined and paid according to the provisions of this Plan document. Any exceptions require the approval of the President of each respective subsidiary or operating unit. 

CHANGES IN EMPLOYMENT STATUS 
In the event a participant dies, becomes disabled (as defined by Patterson’s Group Long Term Disability Plan provisions), retires, or is on a leave of absence (as defined by applicable Patterson policies), he/she may be eligible for an award based on management's discretionary review of the participant’s actual performance and actual work done while at work. In the event of death, the award payment, if any, is issued in the name of the deceased and made payable to the estate.

                                                                                                                                                                                    2

ADOPTION AND ADMINISTRATION
The CEO of Patterson Companies, Inc., and the CEO of the subsidiary or operating unit, or the Chief Human Resources Officer on their behalf, must approve the attached Plan schedules. The Plan schedules are effective for each fiscal year of the company and are updated annually.
The CEO of each respective subsidiary or operating unit holds general authority and on-going responsibility for Plan administration. Any exceptions to the provisions in this Plan require approval of the CEO of Patterson Companies, Inc. and the CEO of the respective subsidiary or operating unit. The foregoing officers and the Executive Vice President of Patterson Companies, Inc., or the Chief Human Resources Officer acting on their behalf, have the authority to interpret the terms of this Plan.

This Plan supersedes all prior Incentive Plans. No agreements or understandings will modify this Plan unless they are in writing and approved by the CEO of Patterson Companies, Inc. and the CEO of the respective subsidiary or operating unit. This Plan is reviewed annually to determine the appropriateness of future continuation.

NO CONTRACT
Participation in this Plan does not constitute a contract of employment and shall not affect the right of Patterson Companies, Inc. to discharge, transfer, or change the position of a participant. The employment of any person participating in the Plan may be terminated at any time and no promise or representation is made regarding continued employment because of participation in the Plan. 

The Plan shall not be construed to limit or prevent Patterson Companies, Inc. from adopting or changing, from time to time, any rules, standards, or procedures affecting a participant's employment with Patterson Companies, Inc. or any Patterson Companies, Inc. affiliate, including those which affect award payments, with or without notice to the participant.

ETHICAL AND LEGAL STANDARDS
A participant shall not pay, offer to pay, assign or give any part of his/her compensation or any other money to any agent, customer, or representative of the customer or any other person as an inducement or reward for assistance in making a sale. Moreover, no rights under this Plan shall be assignable or subject to any pledge or encumbrance of any nature.

If a participant fails to comply with the Patterson Companies, Inc. Code of Ethics or the provisions included in this Plan document or violates any other company policy, his/her award may be adjusted, reduced, or denied at the discretion of Patterson Companies, Inc. management.

Approved

/s/ James W. Wiltz                        /s/ Ann Gugino    
James W. Wiltz                        Ann Gugino
Interim President & Chief Executive Officer            Chief Financial Officer and
Executive Vice President

September 28, 2017                        September 28, 2017
Date                                Date

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