Document:

Exhibit 10(u)

    Exhibit
      10(u)

    

    RESTRICTED
      STOCK AWARD AGREEMENT

     

    
      
        THIS
          AGREEMENT is made as of the ____
          day of ______________ (the “Grant Date”), by and between Tasty Baking Company
          (“Company”) and ______________________________ (“Grantee”).

        

        WHEREAS,
          Grantee is a valued employee
          of the Company and/or one of its subsidiaries (collectively referred to
          as the
“Employer”); and

        

        WHEREAS,
          the Company’s Board of Directors adopted the Tasty Baking Company 2003 Long Term
          Incentive Plan (“Plan”) on March 27, 2003, and the Plan was approved by
          shareholders of the Company on May 2, 2003; and 

        

        WHEREAS,
          as additional compensation for
          Grantee’s past and future services to the Employer, and to induce the Grantee to
          continue his or her efforts to enhance the value of the Company for
          shareholders, generally, and pursuant to the actions of the Company’s Board of
          Directors and the Board’s Compensation Committee (the “Committee”) on the Grant
          Date, the Company wishes to transfer shares of Common Stock of the Company
          to
          Grantee pursuant to the terms of the Plan, subject to the conditions set
          forth
          herein.

        

        NOW,
          THEREFORE, the Company and Grantee
          hereby agree as follows:

        

        1. As
          of the Grant Date, the Company shall transfer to Grantee __________________
          (________) shares of the Company’s common stock, par value $.50 per share
          (“Award Shares”), at which time Grantee shall become the beneficial owner of the
          Award Shares so transferred, with the right to vote the Award Shares and
          receive
          dividends with respect to the Award Shares, subject to the risk of forfeiture
          conditions and transfer restrictions set forth herein. 

        

        2. (a) The
          Grantee’s right to beneficial ownership of the Award Shares shall become
          permanently vested and nonforfeitable, and they shall be released from
          the
          transfer restrictions set forth herein on the earlier of (i) fifth anniversary
          of the Grant Date, provided that Grantee remains in the continuous employment
          of
          the Employer as of such date; or (ii) upon the retirement of the Grantee
          with
          the approval of the Company. 

        

        (b) Prior
          to the vesting of the Award Shares pursuant to Paragraph 2(a), above, no
          Award
          Share (including any shares received by Grantee with respect to the Award
          Shares
          as a result of stock dividends, stock splits or any other form of
          recapitalization or a similar transaction affecting the Company’s securities
          without receipt of consideration) may be sold, assigned, transferred, pledged,
          hypothecated or otherwise disposed of, alienated or encumbered. 

        

        (c) If
          the Grantee’s employment with the Employer is terminated for any reason
          (excluding death) before he or she has become vested in the Award Shares
          pursuant to Paragraph 2(a), above, the Grantee shall forfeit the Award
          Shares,
          whether or not the Grantee is reemployed by the Employer. 

        

        (d) If
          a Grantee dies while in the employ of the Employer prior to the vesting
          of the
          Award Shares pursuant to Paragraph 2(a), above, all of the Award Shares
          shall
          become nonforfeitable and shall be delivered to the beneficiary designated
          by
          the Grantee pursuant to such rules and procedures established by the Committee.
          

         

         

        
          
             

          

          
            -1-

            
              

            

          

          
             

          

        

        
 

        3. Unless
          the Grantee and the Company make other arrangements satisfactory to the
          Company
          with respect to the payment of withholding taxes, upon vesting of the Award
          Shares pursuant to Paragraph 2(a) above, the Award Shares shall be reduced
          by
          that number of Award Shares having a value, as of the date they become
          vested,
          equal to the minimum amount of Federal, state and local taxes required
          to be
          withheld with respect to such Award Shares.

        

        4.
           Nothing in this Agreement shall confer upon Grantee any right to continue
          in the employ of the Employer or any affiliate thereof, or shall interfere
          with
          or restrict in any way the rights of such person to terminate Grantee’s
          employment at any time, subject to the terms of any employment agreement
          by and
          between the Employer and Grantee.

        

        5.
           This Award Agreement is subject to the terms of the Plan, and the Grantee
          hereby acknowledges receipt of a copy of the Plan. All capitalized terms
          not
          defined herein shall have the definition set forth in the Plan.

        

        6.
           This Agreement shall be governed by the substantive law of the
          Commonwealth of Pennsylvania, without giving effect to the choice of law
          principles thereof.

        

        The
          parties hereby have entered into
          this Agreement with intent to be legally bound hereby, as of the first
          date set
          forth above.

        
 

      

    

    
      
        
          	
                  ATTEST:

                	
                  TASTY
                    BAKING COMPANY

                
	 	 
	 	 
	
                  ___________________________________

                	
                  By:________________________________

                
	 	
                  signature

                	title	
                
	 	 
	
                  Witness:

                	
                  GRANTEE

                
	 	 
	 	 
	
                  ___________________________________

                	
                  ___________________________________

                
	 	
                  signature

                

        

         

      

    

    
      
        2Exhibit 10(v)

     

    Exhibit
      10(v)

     

     

    

      CHANGE
        OF CONTROL AGREEMENT

       

      THIS
        AGREEMENT dated as of this ___ day of _________ between TASTY BAKING COMPANY,
        a
        Pennsylvania corporation (the “Company”), and __________
        (“Executive”).

       

      Background

       

       

      Executive
        serves as ____________________ of the Company and, as such, has made and
        is
        currently making a significant contribution to the Company’s business. The
        Company considers the maintenance of an able and experienced executive group
        to
        be essential to protecting and enhancing the best interests of the Company
        and
        its shareholders. The Company recognizes that there is a possibility of a
        change
        in control of the Company and that the uncertainty and questions which such
        a
        possibility raise may result in the departure or distraction of senior
        executives to the detriment of the Company and its shareholders.

       

      The
        Company has determined that appropriate steps should be taken to reinforce
        and
        encourage the continued dedication of key executives by providing for severance
        payments in the event of termination of employment because of a change of
        control of the Company. Executive is willing to enter into a change of control
        agreement with the Company upon the terms and conditions set forth
        below.

       

      NOW,
        THEREFORE, in consideration of the mutual covenants herein contained and
        of the
        mutual benefits herein provided, and intending to be legally bound hereby,
        the
        Company and Executive hereby agree as follows:

       

      Section
        1. Term.
        This
        Agreement shall commence on the date hereof and shall remain in effect until
        terminated in one of the following ways:

       

      (a) Executive’s
        death or Executive’s total disability within the meaning of the Company’s Long
        Term Disability Plan;

       

      (b) Executive
        attains Normal Retirement Date under the Company’s Pension Plan or Executive’s
        Early Retirement Date if Executive elects to retire early; or

       

      (c) Executive’s
        employment is terminated for cause (as defined in Section 4(c) below) at
        any
        time or Executive otherwise leaves the Company’s employ on a voluntary basis
        other than as provided in Section 4(a) or (b) below.

       

      Section
        2. Definition
        of “Change of Control”.
        A
“Change of Control” of the Company shall be deemed to occur:

       

      (a) upon
        any
        change of control of a nature that would be required to be reported in response
        to Item 6(e) of Schedule 14A or Item 1 of Form 8-K promulgated under the
        Securities Exchange Act of 1934, as amended and the regulations thereunder
        (“Exchange Act”); 

       

      (b) upon
        the
        acquisition by any person or group of beneficial ownership (within the meaning
        of Rule 13d-3 under the Exchange Act) of twenty-five percent (25%) or more
        of
        the combined voting power of the Company’s outstanding securities then entitled
        to vote generally in the election of directors, excluding, however, acquisitions
        by the Company or any of its subsidiaries, or any employee benefit plan
        sponsored or maintained by the Company, or by a corporation pursuant to a
        reorganization, merger, consolidation, division or issuance of securities
        if the
        conditions described in clauses (f) (i) and (ii) below are satisfied;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      (c) if
        individuals who constitute the Board of Directors of the Company (“Board”) as of
        the date hereof (“Incumbent Board”), cease for any reason to constitute at least
        a majority of the Board during any two (2) year period; provided, however,
        that
        any individual becoming a director subsequent to the date hereof whose election,
        or nomination for election by the Company’s shareholders, was approved by a vote
        of at least a majority of the directors then comprising the Incumbent Board
        shall be considered as though such individual were a member of the Incumbent
        Board, but excluding for this purpose any such individual whose initial
        assumption of office occurs as a result of either an actual or threatened
        election contest or other actual or threatened solicitation of proxies or
        consents by or on behalf of a person other than the Incumbent Board;

       

      (d) if
        the
        Company shall meet the delisting criteria of the New York Stock Exchange
        (or any
        successor stock exchange or automated trading system on which the Company’s
        common stock is then traded); 

       

      (e) if
        the
        Board shall approve the sale of all or substantially all of the assets of
        the
        Company or recommend the adoption of a plan of complete liquidation or
        dissolution of the Company; or 

       

      (f) upon
        approval by the shareholders of the Company of a reorganization, merger,
        consolidation, division, or issuance of securities, in each case unless
        following such transaction (i) not less than sixty percent (60%) of the
        outstanding equity securities of the corporation resulting from or surviving
        such transaction and of the combined voting power of the outstanding voting
        securities of such corporation entitled to vote generally in the election
        of
        directors is then beneficially owned by the holders of the Company common
        stock
        immediately prior to such transaction in substantially the same proportions
        as
        their ownership immediately prior to such transaction, and (ii) at least
        a
        majority of the members of the board of directors of the resulting or surviving
        corporation were members of the Incumbent Board.

       

      Section
        3. At-Will
        Employment and Duties.
        During
        Executive’s employment, Executive shall have such duties, responsibilities and
        authority and shall perform such services for the Company as are consistent
        with
        Executive’s background, training and experience and as may from time to time be
        assigned to Executive by the Board. The Company and Executive acknowledge
        and
        agree that this Agreement does not constitute a contract for future employment,
        and that Executive’s employment is and shall continue to be at-will, as defined
        by applicable law. If the Executive’s employment terminates for any reason,
        Executive shall not be entitled to any payments, compensation, benefits,
        damages
        or awards under this Agreement other than as expressly provided by this
        Agreement, or otherwise as may be established under the Company’s then existing
        employee benefit plans or policies applicable to executive officers at the
        time
        of termination. 

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

      Section
        4.
 Termination
        of Employment upon a Change of Control.

       

      (a) If
        within
        one (1) year following a Change of Control (i) Executive’s employment is
        terminated by the Company other than for cause (as defined in Section 4(c)
        hereof), or (ii) Executive terminates his or her employment for “good reason”
(as defined in Section 4(d) hereof), then Executive shall be entitled to
        receive
        those payments, compensation and benefits set forth in Section 5 as severance
        and in lieu of any other damages which Executive may suffer as a direct or
        indirect result of the termination of Executive’s employment with the
        Company.

       

      (b) In
        addition to and notwithstanding the provisions of Section 4(a) above, Executive
        shall have the right to terminate his or her employment with the Company
        at any
        time during the thirteenth calendar month following the date of the Change
        of
        Control, for any or no reason, by providing not less than thirty (30) days
        written notice to the Company and upon such termination Executive shall be
        entitled to receive those payments, compensation and benefits set forth in
        Section 5 as severance and in lieu of any other damages which Executive may
        suffer as a direct or indirect result of the termination of Executive’s
        employment with the Company.

       

      (c) Executive’s
        employment may be terminated for cause at any time in which case Executive
        shall
        have no right to any payment under this Agreement. “Cause”
        shall mean:

      

      (i) Executive’s
        conviction in a court of law of any crime or offense which constitutes a
        felony,
        which conviction, in the good faith judgment of the Board, makes him or her
        unfit for continuing employment, prevents him or her from effectively performing
        his or her duties for the Company, or materially and adversely affects the
        reputation or business activities of the Company; 

      

      (ii) Dishonesty
        or willful misconduct which materially and adversely affects the reputation
        or
        business activities of the Company and which continues after written notice
        thereof to Executive (provided that prior to termination for such reason,
        the
        Company shall give Executive written notice of the acts constituting grounds
        for
        such termination and in the event such acts are capable of being cured, the
        Company shall give Executive a period of 20 days within which to cease and
        correct such acts, such that there is no longer grounds for termination for
        cause, and if Executive fails to cease and correct such acts the Agreement
        shall
        be deemed terminated), or misappropriation of funds;

      

      (iii) Substance
        abuse, including abuse of alcohol or use of illegal narcotics, or other drugs
        or
        substances, for which Executive fails to undertake and maintain effective
        treatment within 15 days after being requested so to do by the Company;
        or

      

      (iv) Executive’s
        continuing material failure or refusal to perform the duties associated with
        his
        or her position with the Company, or to carry out in all material respects
        the
        lawful directives of the Board (other than such failure resulting from
        Executive’s incapacity due to injury, physical or mental illness, disability or
        death); provided that the Company shall give Executive written notice of
        the
        acts and in the event such acts are capable of being cured, the Company shall
        give Executive a period of 20 days within which to cease and correct such
        acts,
        such that there is no longer grounds for termination for cause, and if Executive
        fails to cease and correct such acts this Agreement shall be deemed terminated
        and Executive shall have no right to receive the benefits/payments provided
        herein.

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

      (d) “Good
        reason” shall mean a material change in the authority, duties and
        responsibilities of the Executive so as to be inconsistent with his or her
        background, training and experience, or the Company’s continued failure to
        perform its duties under this Agreement in any material respect, which failure
        has not been cured within twenty (20) days after written notice of such failure
        has been given by Executive to the Company. 

       

      Section
        5.
 Executive
        Benefits Following Change of Control.
        In the
        event of termination of Executive’s employment upon a Change of Control as
        provided in Sections 4(a) or (b) above, Executive shall be entitled to the
        payments, compensation and benefits described below:

      

      (a) Severance.
        Executive shall be entitled to receive in lieu of all other damages and benefits
        to which Executive may otherwise be entitled as a direct or indirect result
        of
        such termination, (i) two times his/her annual base salary then in effect
        payable over 24 months, (ii) for each of the first two fiscal year’s of the
        Company ending after the date of termination, the average annual cash bonus
        he/she received during the five fiscal years of the Company immediately
        preceding the year in which such termination occurs (and if Executive has
        been
        then employed by the Company for less than five full years, the average shall
        be
        calculated for the period Executive was so employed) multiplied by the
        percentage derived by dividing (x) the aggregate cash bonuses awarded to
        other
        senior executives for each such year, by (y) the average annual cash bonuses
        received by such senior executives during the five fiscal years of the Company
        immediately preceding the year of calculation, (iii) group medical and life
        insurance benefits for a period of 24 months after the date of termination
        equivalent to those provided to other senior executors (provided Executive
        satisfies the insurability criteria and complies with the conditions of such
        plans) on the same basis as other senior executives employed by the Company
        during such period, (iv) any unpaid accrued benefits due to Executive through
        the date of such termination, (v) reimbursement for any expenses to which
        Executive is entitled through the date of such termination, and (vi) any
        indemnification obligations to which Executive may become entitled from the
        Company whether by contract or pursuant to the Company’s charter or Bylaws. The
        amounts payable under clause (ii) above shall be calculated separately for
        each
        year after termination, and the amounts due shall be paid when and as bonuses,
        if any, for such year are paid to other senior executives of the Company.
        Payments due under clauses (i) and (ii) of the first sentence of this
        subsection, shall be paid by the Company periodically in accordance with
        normal
        payroll practices for senior executives. To the extent that the Company deems
        it
        undesirable to cover Executive under the Company’s group medical and life
        insurance plans, then the Company shall provide Executive with the same level
        of
        coverage under individual policies or pay cash to Executive equal to the
        cost to
        the Company for such benefits to Executive immediately prior to termination
        of
        his employment.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

      (b) Accelerated
        Vesting of Options. In the event of a Change of Control and regardless of
        whether Executive’s employment is terminated in connection with such Change of
        Control, one hundred percent (100%) of the shares subject to all options
        granted
        to Executive by the Company and still outstanding (the “Options”) shall
        immediately become vested and exercisable in full, subject to any applicable
        shareholder approval requirement. Such Options shall continue to be subject
        to
        the other terms and conditions of the Company’s long term incentive plans and
        the applicable option agreements between Executive and the Company.

       

      (c) Aggregate
        Cap. Executive and the Company expressly agree that in no event shall the
        aggregate amount of change of control benefits payable to Executive hereunder
        plus the amount of change of control benefits payable to all other Senior
        Executives of the Company exceed three percent (3%) of the total transaction
        value for such Change of Control, as such value and percentages are then
        determined by a nationally-recognized executive compensation consulting firm
        or
        investment banking firm at the time of such Change of Control. The Company
        shall
        have the accounting firm serving as the Company’s independent public accountants
        immediately prior to the Change of Control (the “Accountants”) determine
        promptly after a Change of Control the aggregate amount of Change of Control
        benefits payable by the Company to Executive and all other senior executives
        of
        the Company, and the amount, if any, by which the cap set forth in the preceding
        sentence is exceeded. Such excess shall be allocated among Executive and
        all
        other senior executives of the Company receiving change of control benefits
        in
        the same proportion as the total amount of their individual change of control
        benefits relates to the aggregate amount of change of control benefits for
        all
        such persons as a group.

       

      (d) Golden
        Parachute Excise Tax Cap. Notwithstanding the foregoing provisions of this
        Agreement, if the aggregate present value of the payments and benefits to
        be
        made or afforded to the Executive under this Section, plus other payments
        and
        benefits to be made or afforded to Executive in the event of a Change of
        Control, would equal or exceed three times the Executive’s “base amount” (as
        defined in Section 280G(b)(3) of the Internal Revenue Code of 1986, as amended,
        and any successor provision thereto) as of the date of the Change of Control,
        the payments and benefits to be made or afforded to the Executive under this
        Agreement shall be reduced to the extent necessary to ensure that such aggregate
        present value is one dollar ($1.00) less than three times such base amount.
        The
        determination of whether the aggregate present value of payments and benefits
        to
        be made or afforded to the Executive in the event of a Change of Control
        would
        equal or exceed three times the Executive’s base amount, and the amount of the
        reduction necessary to ensure that such aggregate present value is one dollar
        ($1.00) less than three times such base amount, shall be made by a certified
        public accountant or other competent professional selected by the
        Company.

       

      (e) No
        Duty to
        Mitigate. The Executive shall not be required to mitigate the amount of any
        payment contemplated by this Agreement, nor shall any such payment be reduced
        by
        any earnings that the Executive may receive from any other source. However,
        the
        Executive shall not be entitled to receive the medical coverage and benefits
        contemplated by this Agreement in the event that the Executive receives similar
        medical coverage and benefits as a result of new employment during the period
        that severance payments are being paid to Executive hereunder. 

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

      (f) Release.
        The payments and benefits made pursuant to this Section 5 are expressly
        conditioned upon Executive’s first signing a valid general release and waiver in
        a form reasonably acceptable to the Company, pursuant to which Executive
        shall
        release and waive all claims that he may have against the Company arising
        during
        or in any way related to Executive’s employment with the Company except for the
        Company’s continuing obligations to Executive hereunder. The release shall be in
        favor of the Company, its affiliates, officers, directors, employees,
        representatives and agents. Payments by the Company shall commence within
        30
        days after delivery of such executed release provided Executive has not revoked
        the release.

       

      Section
        6.
 Assignment.
        This
        Agreement shall not be assignable by the Company except to a majority-owned
        subsidiary or parent entity of the Company or to a successor to the Company
        and
        its business by way of merger, acquisition, purchase of assets or otherwise,
        which does not constitute a Change of Control of the Company, and this Agreement
        is and shall be binding upon and inure to the benefit of any such parent,
        subsidiary or successor. This Agreement shall not be assignable by Executive
        but
        it shall be binding upon and inure to the benefit of Executive’s heirs,
        executors, administrators and legal representatives.

       

      Section
        7. Confidential
        Information; Non-Solicitation.

      

      (a) Executive
        agrees to hold in a fiduciary capacity for the benefit of the Company all
        of the
        Company’s business secrets and confidential information, knowledge and data
        relating to the Company or any of its affiliated companies and their respective
        businesses, which shall have been obtained by the Executive during his/her
        employment by the Company or any of its affiliated companies, including without
        limitation, information relating to such matters as finances, operations,
        processes, product recipes, new products in development, sales methods,
        equipment, techniques, plans, formulae, products, methods and know-how, customer
        requirements and names of suppliers. Executive’s obligations under this Section
        7(a) shall not be deemed violated in the event that (i) Executive discloses
        any
        such information pursuant to order of a court of competent jurisdiction,
        provided Executive has notified the Company of such potential legal order
        and
        provided the Company with the opportunity to challenge or limit the scope
        of the
        disclosure, or (ii) such information becomes generally available from a source
        other than the Company, any of its affiliates, or any of their employees
        when
        such source is legally entitled, to the best of Executive’s knowledge, to make
        such information available, except that notwithstanding anything herein which
        may be construed to the contrary, in no event shall Executive be permitted
        to
        use or disclose any of the Company’s product recipes.

       

      (b) Executive
        agrees, as a condition to the performance by the Company of its obligations
        hereunder, during the period of his/her employment and for the period specified
        below after termination of Executive’s employment as provided in Sections 4(a)
        or (b) above, that Executive shall not, within the applicable territory
        specified below, without the prior written approval of the Board, directly
        or
        indirectly, through any other person, firm or entity, whether individually
        or in
        conjunction with any other person, or as an employee, agent, consultant,
        representative, partner or holder of any interest in any other person, firm,
        entity or other association: 

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

       

      (i) For
        a
        period of two (2) years after termination of employment as provided in Sections
        4(a) or (b) above, solicit, entice or induce any Customer (as defined below)
        located in any portion of the continental United States, to become a client,
        customer, original equipment manufacturer, distributor or reseller of any
        other
        person, firm or entity with respect to any products or services competing
        with
        the products and services then sold, licensed or under development by the
        Company or to cease doing business with the Company, or approach any such
        person, firm or entity for such purpose or authorize or knowingly approve
        the
        taking of any such actions by any other person; or

      

      (ii) For
        a
        period of two (2) years after termination of employment as provided in Sections
        4(a) or (b) above, solicit, entice or induce, directly or indirectly, any
        person
        who presently is an employee, route operator, contractor or business associate
        of the Company to become employed in the Territory by any other person, firm,
        entity or other association or to cease their employment or other business
        relationship with the Company, and Executive shall not approach any such
        persons
        for such purpose; or

      

      (iii) For
        a
        period of one (1) year after termination of employment as provided in Sections
        4(a) or (b) above, render services to, consult for, become employed by, own
        or
        have a financial or other interest in any person or entity that manufactures
        and/or provides products or services competing with the products or services
        then sold, licensed or under development by the Company.

      

      For
        purposes of Section 7(b)(i), “Customer” shall mean (x) any person or entity
        which at the time of determination is, or shall have been within two years
        prior
        to such time, a client, customer, original equipment manufacturer, distributor
        or reseller of the Company, or (y) any person or entity to whom a detailed
        written proposal has been made within twelve (12) months immediately preceding
        the date of termination of Executive’s employment with the Company. For purposes
        of Section 7(b)(ii), “Territory” shall mean the states of Florida, North and
        South Carolina, Virginia, West Virginia, Maryland, Ohio, Pennsylvania, Delaware,
        New Jersey, New York, and Connecticut and the District of Columbia. For purposes
        of Sections 7(b)(i) and (iii), products or services “competing” with those of
        the Company shall include, but not be limited to, pre-packaged snack cakes
        or
        other bakery-type sweet products, pies, cakes, danish, donuts, pretzels,
        cookies, granola bars, energy bars, and baked salty snacks, excluding, however,
        bakery products intended to be purchased by the consumer as frozen.

      

       

      (c) Executive
        agrees that in the event of breach of any of his/her obligations under this
        Section 7, the Company would suffer irreparable harm for which there is no
        adequate remedy at law, and that such harm may be impossible to measure in
        monetary damages. Accordingly, in addition to any other remedies which the
        Company may have at law or in equity, the Company shall have the right to
        have
        all obligations, undertakings, agreements and other provisions of this Agreement
        specifically performed by Executive, and the Company shall be entitled to
        an
        injunction restraining Executive from violating the provisions hereof and
        shall
        have the right to obtain preliminary and permanent injunctive relief to secure
        specific performance, and to prevent a breach or contemplated breach, of
        this
        Agreement. In such event, the Company shall be entitled to an accounting
        and
        repayment of all profits, compensation, remunerations or benefits which
        Executive, directly or indirectly, has realized or may realize as a result
        of,
        growing out of, or in conjunction with, any violation of this Agreement.
        Such
        remedies shall be in addition to and not in limitation of any relief or other
        rights or remedies to which the Company is or may be entitled at law or in
        equity or under this Agreement.

       

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      
 

      (d) If
        any
        part of this Section or the application thereof is construed to be invalid
        or
        unenforceable, then the other parts of this Section or the application thereof
        shall not be affected and shall be given full force and effect without regard
        to
        the invalid or unenforceable provisions. If any provision in this Section
        is
        held to be unenforceable because of the area covered, the duration, or the
        scope
        thereof, then the court making such determination shall have the power to
        reduce
        the area and/or duration and/or scope thereof, and the provision shall then
        be
        enforceable in its modified form.

      

      (e) Executive
        acknowledges that he/she will be able to earn a livelihood without violating
        the
        provisions of Section 7 of this Agreement. Executive further acknowledges
        that
        his/her rights have been limited by this Agreement only to the extent reasonably
        necessary to protect the legitimate interests of the Company and as
        consideration for the Company’s entering into this Agreement.

      

       

      Section
        8. Notices.
        All
        notices, requests, demands and other communications hereunder must be in
        writing
        and shall be deemed to have been given if delivered by hand or mailed by
        first
        class, registered mail, return receipt requested, postage and registry fees
        prepaid, and addressed as follows:

       

      

        
          	
                  (a)

                	
                  To
                    Executive:

                
	 	 
	 	 
	
                  (b)

                	
                  To
                    Company:

                
	 	
                  Tasty
                    Baking Company

                
	 	
                  Attention:
                    Secretary

                
	 	
                  3413
                    Fox Street

                
	 	
                  Philadelphia,
                    PA 19129

                   

                

        

      

       

      Addresses
        may be changed by notice in writing signed by the addressee.

       

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

       

      Section
        9. Mediation/Arbitration.
        Except
        as provided in Section 7 above or any claims by the Company for injunctive
        relief, the parties shall attempt to resolve any dispute through mediation
        conducted in Philadelphia, Pennsylvania. If the parties do not promptly agree
        on
        a neutral mediator, then any of the parties may notify J.A.M.S./Endispute,
        345
        Park Avenue, New York, New York, to initiate selection of a mediator from
        the
        J.A.M.S/Endispute Panel of Neutrals. The Company shall pay the fees and expenses
        of the mediator. If the mediator is unable to facilitate a settlement of
        the
        dispute within a reasonable period of time, as determined by the mediator,
        the
        mediator shall issue a written statement to the parties to that effect and
        the
        aggrieved party(ies) may then seek relief through arbitration, which shall
        be
        binding, before a single arbitrator pursuant to the Commercial Arbitration
        Rules
        (“Rules”) of the American Arbitration Association (the “Association”). The place
        of arbitration shall be Philadelphia, Pennsylvania. Arbitration may be commenced
        at any time (after the mediator issues the written statement provided in
        the
        fourth sentence of this Section 9) by any party seeking arbitration by written
        notice to the other party(ies) by first class mail, postage prepaid. The
        arbitrator shall be selected by the joint agreement of the parties, but if
        the
        parties do not so agree within (30) business days after the date of the notice
        referred to above, the selection shall be made pursuant to the Rules from
        the
        panels of arbitrators maintained by the Association, and such arbitrator
        shall
        be neutral, impartial, independent of the parties and others having any known
        interest in the outcome, shall abide by the ABA and AAA Code of Ethics for
        neutral arbitrators and shall have no ex parte communications about the dispute
        with either party. The arbitrator shall render a written decision within
        60 days
        of completion of the arbitration. Any award rendered by the arbitrator shall
        be
        final, conclusive and binding upon the parties hereto and there shall be
        no
        right of appeal therefrom. Judgment upon the award rendered by the arbitrator
        may be entered by any court having jurisdiction thereof. The costs and expenses
        of arbitration, including legal fees and expenses of the arbitrator, shall
        be
        paid by the parties as the arbitrator may assess. Each party, however, shall
        bear the cost of preparing and presenting its own case including legal fees
        and
        expenses. The arbitrator shall not be permitted to award punitive or similar
        type damages under any circumstances. The procedures set forth in this Section
        9
        shall constitute the sole and exclusive procedures for the resolution of
        any
        dispute under this Agreement, except for any dispute related to an alleged
        violation of Section 7 hereof or any claims by the Company for injunctive
        relief, in which case Company, without prejudice to or compliance with the
        procedures set forth in this Section 9, is expressly permitted to institute
        legal proceedings to obtain a temporary restraining order, a preliminary
        and
        permanent injunction or other equitable relief.

       

      Section
        10.  Miscellaneous.
        This
        Agreement is the entire agreement and understanding between the parties hereto
        and supersedes all prior agreements (including the Letter Agreement, which
        shall
        have no further force or effect) and understandings, oral or written, relating
        to the subject matter hereof, and no change, alteration or modification hereof
        may be made except in writing signed by both parties hereto. The headings
        in
        this Agreement are for convenience of reference only and shall not be considered
        as part of this Agreement nor limit or otherwise affect the meaning hereof.
        This
        Agreement shall in all respects be governed by and construed and enforced
        in
        accordance with the laws of the Commonwealth of Pennsylvania.

       

       

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      
        IN
          WITNESS
          WHEREOF, the parties hereto have executed and delivered this Agreement
          as of the
          first above written.

         

      

      

          

      ATTEST:                                                
         TASTY BAKING COMPANY

       

      

      __________________________  By:_____________________________

      Secretary       
        Charles P. Pizzi 

                                                           
        President
        and CEO

      

      

      WITNESS:

       

      

      __________________________  _______________________________

      
 

       

      
        
           

        

        
          10

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"}]]