Document:

exv4w2

Exhibit 4.2

AMENDMENT TO RIGHTS AGREEMENT

     THIS AMENDMENT (this “Amendment”), dated as of August 3, 2008 between PeopleSupport, Inc., a
Delaware corporation (the “Company”), and Computershare Trust Company, N.A. (“Computershare”), to
the Rights Agreement dated as of August 28, 2007 between the Company and Computershare (the “Rights
Agreement”).

     A. Whereas, pursuant to Section 27 of the Rights Agreement, the Company may, from time to
time, supplement or amend the Rights Agreement in accordance with the provisions of such Section;

     B. Whereas, the Board of Directors of the Company has determined that it is in the best
interests of the Company to enter into that certain Agreement and Plan of Merger (the “Merger
Agreement”), by and among the Company, Essar Services, Mauritius, a company organized under the
laws of Mauritius (“Parent”) and Easter Merger Sub, Inc., a Delaware corporation (“Merger Sub”);

     C. Whereas, pursuant to the Merger Agreement, merger Sub will merge with and into the Company,
which shall be the surviving corporation, in accordance with Delaware General Corporation Law (the
“DGCL”) as well as all other applicable Laws;

     D. Whereas, there is not as of the date hereof any Acquiring Person, Distribution Date or
Triggering Event (as such terms are defined in the Rights Agreement);

     E. Whereas, the Company is obligated and the Company desires to amend the Rights Agreement
such that, with respect to the execution of and the consummation of the transactions contemplated
by the Merger Agreement and the Stockholders Agreement, neither Parent nor any of its Affiliates is
or will become an “Acquiring Person” and that no “Triggering Event” or “Distribution Date” (as such
terms are defined in the Rights Agreement) will occur.

     NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein,
the parties hereto agree as follows:

     1. Amendment of Section 1(a). Section 1(a) of the Rights Agreement is amended to add
the following sentence at the end thereof:

“Notwithstanding anything in this Agreement to the contrary, none of Essar Services,
Mauritius, a company organized under the laws of Mauritius (“Parent”) or Easter Merger Sub,
Inc., a Delaware corporation (“Merger Sub”), or any of their respective Affiliates or
Associates shall be deemed to be an “Acquiring Person” by virtue of (i) the approval,
execution or delivery of the Agreement and Plan of Merger, dated as of August 3, 2008 by and
between Parent, Merger Sub and the Company, as amended from time to time (the “Merger
Agreement”), (ii) the acquisition of Common Shares pursuant to the Merger (as defined in the
Merger Agreement), (iii) the consummation of any of the other transactions

 

 

contemplated in the Merger Agreement or (iv) the public announcement of any of the foregoing
(each such event, an “Exempt Event”).”

     2. Amendment of Section 1(o). Section 1(o) of the Rights Agreement is amended to add
the following sentence at the end thereof:

“Notwithstanding anything in this Agreement to the contrary, a Distribution Date shall not be
deemed to have occurred as the result of an Exempt Event.”

     3. Amendment of Section 1(uu). Section 1(uu) of the Rights Agreement is amended to
add the following sentence at the end thereof:

“Notwithstanding anything in this Agreement to the contrary, a Triggering Event shall not be
deemed to have occurred as the result of an Exempt Event.”

     4. Amendment of Section 11(a)(ii). Section 11(a)(ii) of the Rights Agreement is
amended to add the following sentence at the end thereof:

“Notwithstanding the foregoing or anything in the Rights Agreement to the contrary, this
Section 11(a) shall not apply to any Exempt Event.”

     5. Amendment of Section 13. Section 13 of the Rights Agreement is amended to add the
following sentence at the end thereof:

“Notwithstanding anything in this Rights Agreement to the contrary, no Exempt Event shall be
deemed to be an event of the type described in the first sentence of this Section 13, and
shall not cause the Rights to be adjusted or exercisable in accordance with, or any other
action to be taken or obligation to arise pursuant to, this Section 13.”

     6. Rights Agreement as Amended. The term “Agreement” as used in the Rights Agreement shall be
deemed to refer to the Rights Agreement as amended hereby. Except as set forth herein, the Rights
Agreement shall remain in full force and effect and otherwise shall be unaffected hereby.

     7. All amendments made to the Rights Agreement in this Amendment shall be deemed to apply
retroactively as well as prospectively.

     8. This Amendment shall be governed by and construed in accordance with the laws of the State
of Delaware and for all purposes shall be governed by and construed in accordance with all laws of
such State applicable to contracts to be made and performed entirely within such State.

     9. This Amendment may be executed in counterparts, each of which shall be an original, but
such counterparts shall together constitute one and the same instrument.

-2-

 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	PEOPLESUPPORT, INC.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Caroline Rook	 	 	 	By:	 	/s/ Lance Rosenzweig
	 

	 	Title:
	 	CFO
	 	 	 	 	 	Title:
	 	CEO
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	COMPUTERSHARE TRUST COMPANY, N.A.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Ian Yewer	 	 	 	By:	 	/s/ Kellie Gwinn
	 

	 	Title:
	 	Branch President
	 	 	 	 	 	Title:
	 	Vice President

-3-exv10w01

Exhibit 10.1

FY09 Executive Annual Incentive Plan

This Annual Incentive Plan (“Plan”) of Symantec Corporation (“Symantec”) is effective as of April
1, 2008. The Board of Directors reserves the right to alter or cancel all or any portion of the
Plan for any reason at any time.

	 	 	 
	Symantec Corporation
	 	Proprietary and Confidential

1

 

FY09 Executive Annual Incentive Compensation Plan

	 	 	 
	Job Category:	 	 
	 
	 	 
	Purpose:

	 	Provide critical focus on specific, measurable corporate goals and provide
performance-based compensation based upon the level of attainment of such goals.
	 
	 	 
	Bonus Target:

	 	The target incentive bonus for this executive position is ___% of the annual base
salary. Annual base salary has been established at the beginning of the fiscal year. Bonuses
will be paid based on actual annual base salary earnings from time of eligibility under the
Plan through March 31, 2009. Payments will be subject to applicable payroll taxes and
withholdings.
	 
	 	 
	Bonus Payments:

	 	The annual incentive bonus will be paid once annually. Payment will be made
within six weeks of the financial close of the fiscal year. Any payment due under this Plan
is at the sole discretion of the Administrator of the Plan.
	 
	 	 
	Components:

	 	Two performance metrics will be used to determine the annual incentive bonus payment as
determined by the Administrator. The company’s reported numbers are based on non-GAAP
Corporate Revenue & EPS results.

	 	 	 	 	 
	Metric	 	Weighting
	Corporate Revenue
	 	 	50	%
	Corporate Earnings per Share
	 	 	50	%

	 	 	 
	Achievement Schedule:

	 	The established threshold must be exceeded for the applicable performance
metric before the bonus applicable to such performance metric will be paid. Corporate Revenue
and Corporate EPS achievement is uncapped.
	 
	 	 
	Pro-ration:

	 	The calculation of the annual incentive bonus will be based on eligible base salary
earnings for the fiscal year and, subject to the eligibility requirements below, will be
pro-rated based on the number of days participant is employed as a regular status employee of
Symantec during the fiscal year.
	 
	 	 
	Eligibility:

	 	Participants must be regular status employees on the day bonus checks are distributed.
If the company grants an interim payment for any reason, the participant must be a regular
status employee at the end of that performance period in order to receive such payment. A
participant who leaves before the end of the fiscal year will not be eligible to receive the
annual incentive bonus or any pro-rated portion thereof. The Plan participant must be a
regular status employee of Symantec at the end of the fiscal year in order to be eligible to
receive the annual incentive bonus and at the time the bonus checks are distributed,
unless otherwise determined by the Administrator.
	 
	 	 
	 

	 	To be eligible for the plan in the given fiscal year, participants must be in an
eligible position for at least 60 days before the end of the plan year. Employees
hired or promoted into an eligible position with less than 60 days in the plan year
will join the annual bonus plan in the next fiscal year.
	 
	 	 
	Exchange Rates:

	 	The performance metrics will not be adjusted for any fluctuating currency exchange rates.
	 
	 	 
	Target Changes:

	 	In the event of an accretive event, such as a stock buyback, or other events that
might have an effect on the revenue or EPS targets of the Company, such as acquisition or
purchase of products or technology, the Administrator may at its discretion adjust the Revenue
Growth and/or Earnings per Share to reflect the potential impact upon Symantec’s financial
performance.
	 
	 	 
	Restatement of

	 	If the Company’s financial statements are the subject of a restatement due to error or

	 	 	 
	Symantec Corporation

	 	Proprietary and Confidential

2

 

	 	 	 
	Financial Results:

	 	misconduct, to the extent permitted by governing law, in all appropriate cases,
the Company will seek reimbursement of excess incentive cash compensation paid under the Plan.
For purposes of this Plan, excess incentive cash compensation means the positive difference,
if any, between (i) the incentive bonus paid and (ii) the incentive bonus that would have been
made had the performance metrics been calculated based on the Company’s financial statements
as restated. The Company will not be required to award Participant an additional Payment
should the restated financial statements result in a higher bonus calculation.
	 
	 	 
	Plan Provisions:

	 	This Plan is adopted under the Symantec Senior Executive Incentive Plan effective
as of April 3, 2004 and approved by Symantec’s stockholders on August 21, 2003.
	 
	 	 
	 

	 	This Plan supersedes the FY08 Executive Annual Incentive Plan dated April 1, 2007,
which is null and void as of the adoption of this Plan.
	 
	 	 
	 

	 	Participation in the Plan does not guarantee participation in other or future
incentive plans. Plan structures and participation will be determined on a
year-to-year basis.
	 
	 	 
	 

	 	The Board of Directors reserves the right to alter or cancel all or any portion of
the Plan for any reason at any time. The Plan shall be administered by the
Compensation Committee of the Board of Directors (the “Administrator”), and the
Administrator shall have all powers and discretion necessary or appropriate to
administer and interpret the Plan.
	 
	 	 
	 

	 	The Board of Directors reserves the right to exercise its own judgment with regard
to company performance in light of events outside the control of management and/or
participant.

	 	 	 
	Symantec Corporation

	 	Proprietary and Confidential

3

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