Document:

EX-4.2  Appointment of Successor Rights Agent

 

EXHIBIT 4.2

APPOINTMENT OF SUCCESSOR RIGHTS AGENT

     KNOW ALL MEN BY THESE PRESENTS, that The Goodyear Tire & Rubber Company,
an Ohio corporation (the “Company”), is a party to that certain RIGHTS
AGREEMENT, June 4, 1996 (the “Rights Agreement”), between the Company and First
Chicago Trust Company of New York (“First Chicago”) that in accordance with
Section 2 of the Rights Agreement, First Chicago was appointed the Rights Agent
under the Rights Agreement, to act in such capacity as agent for the Company in
accordance with the terms and conditions of the Rights Agreement; that First
Chicago has, by written notice to the Company resigned as the Rights Agent
under the Rights Agreement effective as of October 31, 2001; and that, in
accordance with the provisions of Section 21 of the Rights Agreement, the
Company desires to appoint EQUISERVE TRUST COMPANY, N.A. (“EquiServe”) as the
successor Rights Agent under the Rights Agreement, such appointment to be
effective as of the opening of business on November 1, 2001;

     NOW, THEREFORE, in accordance with the provisions of Section 21 of the
Rights Agreement, the Company does hereby appoint EquiServe as the Rights Agent
under the Rights Agreement, effective at the opening of business on November 1,
2001, to act in such capacity as the successor to First Chicago on and after
November 1, 2001 and until EquiServe shall resign, be removed or shall
otherwise become incapable of acting. The Company does hereby advise and
confirm unto EquiServe that, on or before the issuance of Rights Certificate
pursuant to the Rights Agreement, the Company shall cause a written notice to
be sent to each shareholder of record of the Company, and to every person
entitled to receive a Rights Certificate, stating that EquiServe has been
appointed by the Company as the successor Rights Agent effective as of the
opening of business on November 1, 2001 and that each reference to First
Chicago in the form of Right Certificate and in the legend on certificates for
shares of the Common Stock shall hereafter be replaced by the following:
“EquiServe Trust Company, N.A., successor Rights Agent” or, in the case of
existing certificates, the legend shall be amended by adding: “EquiServe Trust
Company, N.A., is the successor Rights Agent”. The Company also confirms that
any and all correspondence, notices, demands, and other written instruments
given or made by the Company will be sent by first class mail, postage prepaid,
addressed (until another address is filed in writing with the Company) as
follows:

	 	 	 	EquiServe Trust Company,
N.A.

525 Washington Blvd.

Jersey City, New Jersey 07310

     IN WITNESS WHEREOF, THE GOODYEAR TIRE & RUBBER COMPANY has caused this
Appointment of Successor Rights Agent to be executed by its officers thereunto
duly authorized as of this 1st day of November, 2001.

	 	 	 
	[CORPORATE SEAL]	 	
THE GOODYEAR TIRE & RUBBER COMPANY
	 

	 

	Attest:   /s/ Bertram Bell	 	
By:  /s/ Richard J. Kramer
	
	 	

	Bertram Bell

Assistant Secretary	 	
Richard J. Kramer,

Vice President Corporate Finance

4.2-1

 

ACCEPTANCE OF APPOINTMENT AS RIGHTS AGENT

     KNOW ALL MEN BY THESE PRESENTS, that EquiServe Trust Company, N.A.,
(“EquiServe”):

     (1)  Has received a copy of the Rights Agreement, dated as of June 4, 1996
(the “Rights Agreement”) between The Goodyear Tire & Rubber Company (the
“Company”) and First Chicago Trust Company, N.A. (“First Chicago”), certified
as true, correct and complete by the Secretary of the Company; and

     (2)  Represents that it is a corporation duly organized and doing business
under the laws of the United States, in good standing and having its principal
office in the State of New Jersey, which is authorized under the laws of the
United States to exercise corporate trust powers, is authorized to do business
as a trust company in the State of New York with an address of 100 Williams
Street, Galleria, New York 10038, and is subject to supervision or examination
by Federal authorities and authorities of the States of New Jersey and New
York, and has a combined capital and surplus of in excess of $50 million; and,
therefore, in accordance with Section 21 of the Rights Agreement, is authorized
to act as the Rights Agent thereunder, and

     (3)  Does hereby accept the appointment by the Company as the Rights Agent
under the Rights Agreement, as the successor to First Chicago, effective as of
the opening of business on November 1, 2001; and

     (4)  Does hereby advise the Company that any and all correspondence,
notices, demands and other written instruments shall be sufficiently given or
made to EquiServe in its capacity as the Rights Agent under the Rights
Agreement if sent by first class mail, postage prepaid, addressed (until
another address is filed in writing with the Company) as follows:

	 	 	 	EquiServe Trust Company, N.A.

525 Washington Blvd.

Jersey City, New Jersey 07310

     IN WITNESS WHEREOF, EQUISERVE TRUST COMPANY, N.A. has caused this
Acceptance of Appointment as Rights Agent to be duly executed by an officer
thereunto duly authorized as of the 1st day of November, 2001.

	 	 
	EQUISERVE TRUST COMPANY, N.A
	  
	  
	By:	/s/ Thomas A. Ferrari
		

		Senior Vice President

4.2-2EX-10.1  Goodyear Supplement Pension Plan

 

EXHIBIT 10.1

GOODYEAR SUPPLEMENTARY PENSION PLAN

January 1, 1995 Restatement

 

I.        ELIGIBLE EMPLOYEES

	 	 	Each employee of The Goodyear Tire & Rubber Company and its subsidiary and
affiliated companies (collectively hereinafter sometimes called “Goodyear
Companies”) who is a participant in the Retirement Plan for Salaried Employees,
or a comparable Goodyear plan for salaried employees (herein collectively
referred to as “RPSE”), and has been selected from time to time by the
Compensation Committee of the Board of Directors as a participant in this
Supplementary Pension Plan, shall be eligible to participate either as a
participant for Group I or Group II benefits as determined by the Compensation
Committee and shall participate in this Plan to the extent of the benefits
provided herein (hereinafter referred to as “participant”).

II.      DEFINITIONS

	 	(a)	 	All terms used in this Plan which are defined in the RPSE shall have
the same meanings herein as therein, unless otherwise expressly provided in
this Plan.
	 
	 	(b)	 	For establishing Group I Benefits under this Plan, Monthly Retirement
Income shall mean the sum of an employee’s Non-Contributory Pension calculated
in the manner provided in the RPSE and his Contributory Pension calculated in
the manner provided under Section III of this Plan (without regard to Section
415 of the Code) except that for such purpose Adjusted Earnings shall consist
of an amount equal to his highest average monthly earnings for any period of 60
consecutive months within the 120 months immediately preceding the
participant’s retirement or death, whichever shall first occur.
	 
	 	(c)	 	For an employee entitled to Group I Benefits under this Plan who
retirees or dies before retirement or other termination of employment, the
“Monthly Base Amount” shall mean 1/12 of Covered Compensation in the year of
retirement.
	 
	 	(d)	 	For establishing Group II Benefits under this Plan, an employee’s
Monthly Retirement Income shall mean the sum of his Non-Contributory Pension
calculated in the manner provided in the RPSE as amended May 1, 1985, and his
Contributory Pension calculated in the manner provided under Section IV of this
Plan (without regard to Section 415 of the Code) except that for such purpose
Adjusted Earnings shall consist of an amount equal to his highest average
monthly Earnings for any period of 60 consecutive months within the 120 months
immediately preceding his retirement or death, whichever is earlier. “Monthly
Base Amount” shall be 90 percent of 1/12th of the average of the Federal Social
Security taxable wage base as in effect during said 60 consecutive
month period.

III.      GROUP I BENEFITS

	 	(a)	 	Amount of Contributory Pension. Contributory Pension shall be an
amount equal to the product of:

	 	 	 	(i) Employee Adjusted Earnings in excess of Monthly Base Amount.

multiplied by

	 	 	 	(ii) 2.2 percent for each of employee’s first 10 years of Continuous Service, plus

X-10.1-1

 

	 	 	 	1.6 percent for each of employee’s next 10 years of Continuous Service, plus
	 
	 	 	 	1.0 percent for each of employee’s next 10 years of Continuous Service, plus
	 
	 	 	 	0.6 percent for each year of Continuous Service in excess of 30.

	 	(b)	 	Amount of Supplementary Pension at Normal Retirement. The monthly
Supplementary Pension payable to an eligible employee for Group I benefits who
retires on his normal retirement date under the RPSE shall be determined as the
excess, if any, of (i) over (ii) where:

	 	 	 	(i) is the employee’s total Monthly Retirement Income, and
	 
	 	 	 	(ii) is the employee’s retirement benefit actually determined under the
sum of Non-Contributory and Contributory Pensions calculated in the manner
provided in the RPSE.

IV.    GROUP II BENEFITS

	 	(a)	 	Amount of Contributory Pension. Contributory Pension shall be equal to
the greater of:

	 	 	 	(i) 1/12th of an amount equal to 60 percent of the aggregate contributions
made by him under the Plan; or
	 
	 	 	 	(ii) an amount equal to the product of

	 
	(A) his Adjusted Earnings in excess of his Monthly Base Amount, multiplied
by
	 
	(B) 2.4 percent for each of his first 10 years of Continuous Service, plus

 

	1.2 percent for each of his next 10 years of Continuous Service, plus
	 
	0.6 percent for each year of Continuous Service in excess of 30;
	 

	subject, however, to a maximum of 2.2 percent for each year of Continuous
Service if he has less than 15 years of Continuous Service.

	 	(b)	 	Amount of Supplementary Pension at Normal Retirement. The monthly
Supplementary Pension payable to an eligible employee for Group II benefits who
retires on his normal retirement date under the RPSE shall be determined as the
excess, if any, of (i) over (ii) where:

	 	 	 	(i) is the employee’s total Monthly Retirement Income, and
	 
	 	 	 	(ii) is the employee’s retirement benefit actually determined under the
sum of Non-Contributory and Contributory Pensions calculated in the manner
provided in the RPSE.

V.      AMOUNT OF SUPPLEMENTARY PENSION AT EARLY RETIREMENT

	 	 	The monthly Supplementary Pension payable to a participant who retires
before attaining normal retirement age under the RPSE shall first be computed
in the manner provided by Section III or IV depending upon the participant’s
Group, taking into account only Continuous Service and Adjusted Earnings to the
actual date of early retirement. Such Supplementary Pension shall then be
reduced by 4/10 percent for each entire calendar month by which the date of
retirement precedes the first day of the month next following the month in
which the day preceding the participant’s 62nd birthday occurs.

X-10.1-2

 

VI.     AMOUNT OF SUPPLEMENTARY PENSION AT DISABILITY RETIREMENT

	 	 	The monthly Supplementary Pension payable to a participant who retires on
a deferred disability pension under the RPSE shall be computed in the manner
provided by Section III or IV depending upon the participant’s Group, taking
into account only Continuous Service and Adjusted Earnings to the actual date
of disability retirement.

VII.   CALCULATION OF BENEFITS

	 	 	Participants in this Plan designated as Group I participants who were also
participants in this Plan as of June 1, 1988, shall have their benefits
calculated under the Group II benefit program as well as under the Group I
benefit program and shall be entitled to receive the higher benefit.

VIII.  CHANGE IN SUPPLEMENTARY BENEFIT

	 	 	The retirement benefit provided under this Plan is subject to reduction
after a participant’s retirement based on increases in his benefits under the
RPSE due to Section 415 limit changes. Even though a change in the
supplementary benefit may occur as provided in this Section, no change will
occur to the participant’s aggregate benefit under this Plan and the RPSE. The
Compensation Committee of the Board of Director. may, in its discretion, add
years to a participant’s years of service for purposes of calculating the
participant’s Supplementary Pension.

IX.    OPTIONAL METHODS OF PAYMENT

	 	 	If an optional method of payment applies with respect to an employee’s
pension under the R.PSE, such optional method of payment shall automatically
apply to any Supplementary Pension for which he may be eligible under this
Plan. His Supplementary Pension shall be adjusted and paid in the same manner
as his pension payable under the RPSE is adjusted and paid on account of such
option.

X.      SURVIVOR BENEFIT

	 	 	If an eligible employee dies before retirement or other termination of
employment and a regular survivor benefit is payable to his surviving spouse
under the RPSE, a regular survivor benefit shall also be payable to such
surviving spouse under this Supplementary Pension Plan. Any such regular
survivor benefit payable under this Plan shall be computed in the same manner
as the regular survivor benefit under the RPSE but shall be based on the
Supplementary Pension payable under this Plan.

XI.    PAYMENT OF BENEFITS

	 	(a)	 	All payments shall be made by the Trustee under the Trust Agreement for
Goodyear Supplementary Pension Plan to the extent the assets held by such
Trustee are sufficient to pay Supplementary Pension Benefits hereunder and, to
the extent such assets are not sufficient or in the event the Trustee is
precluded from making payments due to the insolvency of The Goodyear Tire &
Rubber Company or an employer, such payments shall be made by The Goodyear Tire
& Rubber Company from its general assets or by the employer from its general
assets.
	 
	 	(b)	 	All Supplementary Pension Benefits provided for hereunder shall
normally be payable in monthly installments. The provision of the RPSE
regarding the dates of first and last payments of any pension or other amounts
payable in installments shall be applicable to amounts payable under this Plan.

X-10.1-3

 

	 	(c)	 	During the period beginning 120 days prior to a participant’s
retirement and ending 30 days prior to a participant’s retirement, the
participant may elect to receive a lump sum settlement of the Supplementary
Pension Benefits payable under this Plan, subject to the following:

	 
	(i) The election to receive a lump sum settlement must meet the
requirements of Article IX of this Plan.

	 
	The election to receive a lump sum settlement must be approved and
accepted by the Compensation Committee of the Board of Directors, which shall
approve such election only if it determines, in its sole discretion, that a
lump sum settlement is in the best interests of the participant and
his spouse.

	 
	(iii) The election to receive a lump sum settlement, once approved, shall
be irrevocable.
	 
	(iv) The amount of the lump sum settlement shall be computed by applying
the rate in effect under the RPSE at the

       time the lump sum settlement is to be
made and the other actuarial assumptions contained in the RPSE in effect

       at that time.

	 	(d)	 	An employee’s beneficiary for the purpose of this Plan shall be the
beneficiary designated by him under the RPSE. The provisions of the R.PSE with
respect to amounts payable to a surviving spouse or beneficiary and selection
of a beneficiary shall apply to amounts payable under this Supplementary
Pension Plan and the selection of a beneficiary under this Plan.

XII.   ADMINISTRATION OF HOSPITAL INSURANCE TAXES

	 	 	Due to the enactment of the Omnibus Budget Reconciliation Act of 1993,
effective January 1, 1994, the benefits payable under this Plan became subject
to Hospital Insurance taxes. The Company reserves the right to administer those
taxes pursuant to its good faith interpretation of the applicable laws and its
business judgment. Those taxes may be withheld from monthly benefits payable
hereunder or may be deducted from lump-sum payments due hereunder. It may be
necessary in administering such taxes to calculate the lump-sum present value
of the benefit and pay taxes on such value, regardless of method of payment, in
which event the Participant may be required to pay the applicable taxes at the
time they are deemed to be due, prior to the time full payment of the benefits
hereunder is received. The Company reserves the right to deduct taxes paid by
it on the lump-sum present value of the benefit from monthly benefit payments
until recouped if other arrangements are not made for payment of taxes by the
Participant.

XIII.  FORFEITURE OF BENEFITS

	 	 	The right of any participant to a benefit under this Plan will be
terminated, or, if payment thereof has begun, all further payments will be
discontinued and forfeited in the event such participant (i) at any time
subsequent to the effective date wrongfully discloses any secret process or
trade secret of the Goodyear Companies, or (ii) engages, either directly or
indirectly, as an officer, trustee, employee, consultant, partner, or
substantial shareholder, on his own account or in any other capacity, in a
business venture that, within the ten-year period following his retirement,
sells products in competition with products manufactured or sold by the
Goodyear Companies. A participant who applies for a lump sum benefit as
provided under Article XI of the Plan shall be required at the time of such
application to warrant that such participant will not commit any conduct which
would cause a forfeiture of his benefits and also agree to refund to The

X-10.1-4

 

	 	 	Goodyear Tire & Rubber Company his lump sum benefit in the event his conduct
constitutes a forfeiture of benefits as provided in this Article of the Plan.

XIV.    ADMINISTRATION

	 	(a)	 	The Goodyear Tire & Rubber Company shall be the general administrator
of this Plan. The routine administration of the Plan, except as otherwise
provided in Section XVI, shall be by the Pension Board which shall have
authority to make, amend, interpret and enforce all appropriate rules and
regulations for the administration of this Plan and decide or resolve any and
all questions including interpretations of this Plan, as may arise in
connection with this Plan.
	 
	 	(b)	 	In the administration of this Plan, the Pension Board may, from time
to time, employ agents and delegate to them such administrative duties as it
sees fit and may from time to time consult with counsel who may be counsel to
the Company.
	 
	 	(c)	 	The decision or action of the Pension Board in respect of any.
question arising Out of or in connection with the administration,
interpretation and application of the Plan and the rules and regulations
thereunder shall be final and conclusive and binding upon all persons having
any interest in the Plan.

XV.   TERMINATION, SUSPENSION OR AMENDMENT

	 	 	The Board of Directors may, in its sole discretion, terminate, suspend or
amend this plan at any time or from time to time, in whole or in part. However,
no such termination, suspension or amendment shall adversely affect (1) the
benefits of any employee who has theretofore retired or (2) the right of any
then current employee to receive upon retirement, or of his surviving spouse or
beneficiary to receive upon his death, the amount as a Supplementary Pension or
survivor benefit, as the case may be, to which such person would have been
entitled under this Plan prior to its termination, suspension or amendment
taking into account the employee’s Continuous Service and Adjusted Earnings
calculated as of the date of such termination, suspension or amendment;
provided, however, that this sentence shall not apply to any such termination,
suspension or amendment certified by the Board of Directors as having been
authorized by them by reason of a finding by said Board that a change has
occurred in the laws (or the interpretation of such laws) applicable to the
Company, this Plan or the eligible employees.

XVI.  ADJUSTMENTS IN SUPPLEMENTARY PENSION FOLLOWING RETIREMENT

	 	 	If the Pension payable under the RPSE to any employee is increased
following his retirement as a result of a general increase in the pension
payable to retired employees under these Plan, which becomes effective after
January 1, 1978, the amount of the Supplementary Pension thereafter payable to
such employee under this Supplementary Pension Plan shall be determined by the
Board of Directors. In no event shall the amount equal to the sum of the
employee’s retirement benefits the employee receives at retirement under the
RPSE and under this Supplementary Pension Plan be reduced by any adjustments in
the Supplementary Pension following retirement.

XVII.  GENERAL CONDITIONS

	 	(a)	 	No pension or other benefit provided under the Plan may be alienated,
sold, transferred, assigned, pledged or encumbered, in whole or in part; nor
shall any such pension or other benefit be subject to any claim of any creditor
or to garnishment, attachment or other legal process; and any attempt to
accomplish the same shall be void. All pensions and other benefits shall be
payable in United States dollars.

X-10.1-5

 

	 	(b)	 	The adoption and maintenance of the Plan shall not be deemed to
constitute a contract with any employee or to be consideration for, an
inducement to, or a condition of, the employment of any employee. None of the
Goodyear Companies shall have any liability to provide pensions or other
benefits under the Plan except as expressly provided herein, and no employee,
unless and until his retirement or other termination of employment occurs while
the Plan is in full force and effect and under conditions or eligibility for
pension or other benefit, shall have any right to a pension or other benefit
under the Plan. Employment rights shall not be enlarged or affected by reason
of any provision of the Plan.
	 
	 	(c)	 	The obligation of the Goodyear Companies under the Plan to provide an
employee or his beneficiary with a Supplementary Pension merely constitutes the
unsecured promise of the Goodyear Companies to make payments as provided
herein, and no person shall have any interest in, or a lien or prior claim
upon, any property of the Goodyear Companies or the Trustee under the Trust
Agreement for Goodyear Supplementary Pension Plan.
	 
	 	(d)	 	Notwithstanding anything to the contrary contained in the Plan, (i) an
employee’s right to a normal retirement pension under the Plan shall be
nonforfeitable (except as provided in Section XIII) upon and after the date he
attains his normal retirement age, and (ii) in the event of the termination or
a partial termination of the Plan, the rights of all employees who are affected
by such termination to benefits accrued to the date of such termination, shall
be nonforfeitable.

     EXECUTED at Akron,
Ohio, this 8th day of April, 1997.

	 
	THE GOODYEAR TIRE & RUBBER COMPANY
	 
	 
	By: /s/ Samir G. Gibara
	

	Chairman of the Board, Chief
Executive Officer

and President

 

	 
	Attest: /s/ James Boyazis
	

	Secretary

X-10.1-6

 

First Amendment

to

The Goodyear Supplementary Pension Plan

January 1, 1995 Restatement

 

The Goodyear Supplementary Pension Plan amended and restated as of January 1,
1995 is hereby further amended effective January 1, 2001 as follows:

	1.	 	That every instance of the term “Adjusted Earnings” be changed to “Average
Earnings” which is to have the same definition as it has in The Goodyear Tire &
Rubber Company Salaried Pension Plan (“Salaried Pension Plan”).
	 
	2.	 	That every instance of the term “Monthly Base Amount” is changed to “Break
Point” which is to have the same definition as it has in the Salaried Pension
Plan.
	 
	3.	 	That the Chief Executive Officer is given authority with respect to any
participant other than himself and the Compensation Committee is given
authority with respect to the Chief Executive Officer as a participant to
designate for any given year that the earnings of such participant will be
calculated by substituting the participant’s target bonus amount in place of
the actual Performance Recognition Plan bonus paid.
	 
	4.	 	That participants be allowed to elect to have their benefit paid either as a
lump sum, an annuity or as a combination of a lump sum and an annuity
independent of the form of payment that their benefit in the Salaried Pension
Plan is paid.

      Executed at
Akron, Ohio, this 20th day of December, 2001.

	 
	The Goodyear Tire & Rubber Company
	 
	 
	By: /s/ Samir G. Gibara
	

	Chairman of the Board and Chief Executive Officer

	 
	ATTEST:
	 
	 
	/s/ Bertram Bell

	

X-10.1-7

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