Document:

Agreement between AnnTaylor Stores Corporation and Adrienne Lazarus

 Exhibit 10.1 
 April 5, 2007 
 Ms. Adrienne Lazarus 
 220 Riverside Blvd. 
 Apartment 21B 
 New York, NY 10069 
 Dear Adrienne: 
 This will confirm our agreement with respect to the additional benefits Ann Taylor, Inc. (the “Company”) is granting to you. 
  

	1.	Separation Benefits. You will be entitled to receive the Separation Payments (as defined below) and Benefits Continuation (as described below), if the Company terminates your
employment for any reason other than Cause (as defined in Exhibit A attached hereto). If you are terminated for Cause or you voluntarily terminate your employment, you will not be eligible for any of the Separation Benefits.

  

	 	(a)	Separation Payments – You will be entitled to an amount equal to your annual base salary at the time of your termination plus an amount equal to your targeted bonus under the
Management Performance Compensation Plan, or the annual bonus plan in effect at the time, for the year in which you are terminated. 

  

	 	(i)	Method of Payment – The Separation Payments will be payable in substantially equal installments over the period of 12 months and in the same manner as the Company’s
regular payroll practice. The Separation Payments will be subject to all applicable tax withholding and other applicable deductions. 

  

	 	(b)	 Benefit Continuation – If you elect to continue your health benefits in accordance with COBRA, the Company will pay a portion of the COBRA premiums through the
period during which you are receiving Separation Payments. The Company’s contribution will be equal to the amount paid by the Company for the same coverage for active employees. You will be responsible for paying the remaining portion of the
COBRA premiums. After the Separation Payments 

	 	 
end or if Benefit Continuation ceases pursuant to Section 2(e) below, you may, if eligible, continue COBRA coverage for the remainder of the COBRA
period at your own expense. 

  

	 	(c)	The benefits available pursuant to this Section 1 are contingent upon your execution of a separation agreement that includes, among other provisions, a general waiver and
release of all claims and potential claims against the Company and a non-disparagement provision. The separation agreement must be signed within 22 days of your receipt of the separation agreement or the Company’s obligation to provide you
Separation Benefits hereunder or under the separation agreement shall immediately become null and void. 

  

	2.	Nonsolicitation; Noncompete. In consideration for the Company agreeing to provide the Separation Benefits to you, you agree that: 

  

	 	(a)	Subject to Section 2(d) below, during the period of your employment and the period you are receiving Separation Payments hereunder and, in the case where your employment is
terminated for Cause or you voluntarily terminate your employment, for a period of twelve months following such termination, you shall not initiate discussions with any person who is then an executive employee of the Company (i.e., director level or
above) with the intent of soliciting or inducing such person to leave his or her employment with a view toward joining you in the pursuit of any business activity (whether or not such activity involves engaging or participating in a Competitive
Business, as defined below). Notwithstanding any other provision of this letter to the contrary, in the event you fail to comply with the preceding sentence, all of your rights hereunder to any future Separation Payments and Benefit Continuation and
all rights with respect to restricted stock and exercisability of stock options shall be forfeited; provided that, the foregoing shall not apply if such failure of compliance commences following an Acceleration Event (as defined in the
Company’s 2003 Equity Incentive Plan). 

  

	 	(b)	 Subject to Section 2(d) below, as long as you receive Separation Payments, or in the case where your employment is terminated for Cause or you voluntarily
terminate your employment, for a period of twelve months following such termination, you shall not, without the prior written consent of the Company (which consent shall not be unreasonably withheld), engage or participate in any business which is
“in competition” (as defined below) with the business of the Company or any of its 50% or more owned affiliates (such business being referred to herein as a “Competitive Business”). Notwithstanding any other provision of this

	 	 
Agreement to the contrary, in the event you fail to comply with the preceding sentence, all of your rights to any future Separation Payments and Benefit
Continuation and all rights with respect to restricted stock and exercisability of stock options shall be forfeited; provided that, the foregoing shall not apply if such failure of compliance commences following an Acceleration Event (as defined in
the Company’s 2003 Equity Incentive Plan). 

  

	 	(c)	In the event of a violation of Sections 2(a) or 2(b) hereof, the remedies of the Company shall be limited to: (i) if such violation occurs during your employment hereunder,
termination for Cause and the associated rights of the Company specified herein resulting from such termination; (ii) regardless of when such violation occurs, forfeiture by you of the payments, benefits and other rights set forth in
Section 1 above if and to the extent provided in such sections; and (iii) the right to seek injunctive relief; provided such injunctive relief may only be sought for competitive activity under Section 2(b) above if such activity
occurs during your employment with the Company or after your dismissal for Cause or you voluntarily terminate your employment. 

  

	 	(d)	For purposes hereof, a business will be “in competition” with the business of the Company or its 50% or more owned affiliates only if (i) the Company’s business
with which the other business competes accounted for 20% or more of the Company’s consolidated revenues as of the end of its most recently completed fiscal year prior to your last day of employment, and (ii) the entity (including all 50%
or more owned affiliates) through which the other business is or will be operated maintains a “women’s apparel” business which generated at least $100 million in revenue during the entity’s most recently completed fiscal year
ended prior to the date you commence (or propose to commence) to engage or participate in the other business. For purposes hereof, “women’s apparel” shall consist of dresses, jackets, pants, shorts, skirts, blouses, sweaters,
T-shirts, outerwear, footwear and accessories. 

  

	 	(e)	 Notwithstanding the foregoing, your engaging in the following activities shall not be construed as engaging or participating in a Competitive Business:
(i) investment banking; (ii) passive ownership of less than 2% of any class of securities of a public company; (iii) engaging or participating in noncompetitive businesses of an entity which also operates a business which is “in
competition” with the business of the Company or its affiliates; (iv) serving as an outside director of an entity which operates a business which is “in competition” with the business of the Company or its affiliates, so long as
such business did not account for 10% or more of the consolidated revenues of such entity as of the end of its most recently 

	 	 
completed fiscal year prior to the date you commence (or propose to commence) serving as an outside director; (v) engaging in a business involving
licensing arrangements so long as such business is not an in-house arrangement for any entity “in competition” with the business of the Company or its affiliates; (vi) affiliation with an advertising agency; and (vii) after
cessation of employment, engaging or participating in the “wholesale” side of the women’s apparel business, which for purposes hereof shall mean the design, manufacture and sale of piece goods and women’s apparel to unrelated
third parties, provided that if the entity for which you so engage or participate (including its affiliates) also conducts a retail women’s apparel business, then effective upon your engaging or participating in such business, Benefit
Continuation shall cease and all Separation Payments shall cease except for amounts representing the excess (if any) of your annual base salary hereunder (at the rate in effect as of your last day of employment) over your base salary received from
such entity and its affiliates, which amounts shall continue to be paid by the Company for the remainder of the period in which you are entitled to receive Separation Payments hereunder. The exceptions contained in subsection (vii) above and
subsection (iii) above to the extent covered by subsection (vii) shall not be applicable if your cessation of employment is voluntary by you and your new engagement or participation involves “wholesale” operations which include
or also conduct retail sales of women’s apparel other than factory outlet or discount stores to liquidate unsold women’s apparel of such wholesale operations. 

  

	3.	Protection of Confidential Information. 

  

	 	(a)	You acknowledge that your employment by the Company involves your obtaining knowledge of confidential information regarding the business and affairs of the Company. In recognition
of the foregoing, you agree that: 

  

	 	(i)	except in compliance with legal process, you will keep secret all confidential matters of the Company which are not otherwise in the public domain and will not intentionally
disclose them to anyone outside of the Company, wherever located (other than to a person to whom disclosure is reasonably necessary or appropriate in connection with the performance of your duties as an executive officer of the Company), either
during or after your employment, except with the prior written consent of the Board of Directors or a person authorized by them; and 

  

	 	(ii)	 you will deliver promptly to the Company on termination of your 

	 	 
employment or at any other time the Company may so request, all memoranda, notes, records, customer lists, reports and other documents (whether in paper or
electronic form and all copies thereof) relating to the business of the Company which you obtained while employed by, or otherwise serving or acting on behalf of, the Company and which you may then possess or have under your control.

  

	 	(b)	If you commit a breach of the provisions of Section 3(a)(i) or 3(a)(ii), the Company shall have the right to have such provisions specifically enforced by any court having
equity jurisdiction. You hereby acknowledge and agree that any such breach or threatened breach will cause irreparable injury to the Company and that money damages will not provide an adequate remedy to the Company. 

 Please understand that this letter is not a contract of continuing employment. Your employment is and will continue to be “at-will” which means
it is for no fixed term and either you or the Company may terminate the employment relationship at any time and for any reason. Please sign below to indicate your agreement to these terms whereupon this shall become a binding agreement. 

 

	
	 Sincerely,

	
	 /s/ Kay Krill

	 Kay Krill

	 President & CEO

	 Ann Taylor Stores Corporation

  

					
	 /s/ Adrienne Lazarus
	  		  	Date: April 10, 2007
	 Adrienne Lazarus
	  		  	

 EXHIBIT A 
 For purposes of this agreement, “Cause” shall be defined as: (1) conviction for the commission of any act or acts constituting a felony under the laws of the United States or any state thereof;
(2) action toward the Company involving dishonesty; (3) refusal to abide by or follow reasonable written directions of the Board, which does not cease within ten business days after such written notice regarding such refusal has been given
to you by the Board; (4) gross nonfeasance which does not cease within ten business days after written notice regarding such nonfeasance has been given to you by the Board; or (5) failure to comply with the provisions of Sections 2 or 3 of
the agreement, or other willful conduct which is intended to have and does have a material adverse impact on the CompanySupplemental Indenture, dated as of April 13, 2007

 Exhibit 4.1 
 OWENS CORNING 
 FIRST SUPPLEMENTAL INDENTURE 
 FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of April 13,
2007, among CDC Corporation, a Wisconsin corporation; Engineered Pipe Systems, Inc., a Delaware corporation; Eric Company, a Delaware corporation; Falcon Foam Corporation, a Delaware corporation; INTEGREX Ventures, LLC, a Delaware limited liability
company; Jefferson Holdings Inc., a Delaware corporation; Modulo USA LLC, a Delaware limited liability company; Norandex Distribution, Inc., a Delaware corporation; OCCV1, Inc., a Delaware corporation; OCCV2, LLC, a Delaware limited liability
company; OCCV3, LLC, a Delaware limited liability company; OCCV4, LLC, a Delaware limited liability company; Owens Corning Composite Materials, LLC, a Delaware limited liability company; Owens Corning Construction Services, LLC, a Delaware limited
liability company; Owens Corning Cultured Stone, LLC, a Delaware limited liability company; Owens Corning Fabwel, LLC, a Delaware limited liability company; Owens-Corning Fiberglas Technology II, LLC, a Delaware limited liability company; Owens
Corning Foam Insulation, LLC, a Delaware limited liability company; Owens Corning Franchising, LLC, a Delaware limited liability company; Owens-Corning Funding Corporation, a Delaware corporation; Owens Corning HOMExperts, Inc., a Delaware
corporation; Owens Corning HT, Inc., a Delaware corporation; Owens Corning Insulating Systems, LLC, a Delaware limited liability company; Owens Corning Overseas Holding, Inc., a Delaware corporation; Owens Corning Roofing and Asphalt, LLC, a
Delaware limited liability company; Owens Corning Science and Technology, LLC, a Delaware limited liability company; Owens Corning U.S. Holdings, LLC, a Delaware limited liability company; and Palmetto Products, Inc., a Delaware corporation (each a
“Guaranteeing Subsidiary”), Owens Corning, a Delaware corporation (the “Company”), the other Guarantors (as defined in the Indenture referred to herein) and LaSalle Bank National Association, as trustee under the
Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of October 31,
2006 providing for the issuance of 6.50% Senior Notes due 2016 and the 7.00% Senior Notes due 2036 (the “Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances each Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee
all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each Guaranteeing Subsidiary and 

 
the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to
them in the Indenture. 
 2. AGREEMENT TO GUARANTEE. Each Guaranteeing
Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 10 thereof. 
 4. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer,
employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Supplemental
Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for
issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 
 5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 
 7. EFFECT OF
HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained
herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company. 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and
attested, all as of the date first above written. 
 Dated: April 13, 2007 
  

					
	CDC Corporation
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Engineered Pipe Systems, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Eric Company
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Falcon Foam Corporation
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	INTEGREX Ventures, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Jefferson Holdings Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Modulo USA LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative

  

 3 

					
	Norandex Distribution, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	OCCV1, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	OCCV2, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	OCCV3, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	OCCV4, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Composite Materials, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Construction Services, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Cultured Stone, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative

  

 4 

					
	Owens Corning Fabwel, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens-Corning Fiberglas Technology II, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Foam Insulation, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Franchising, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens-Corning Funding Corporation
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning HOMExperts, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning HT, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Insulating Systems, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative

  

 5 

					
	Owens Corning Overseas Holding, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Roofing and Asphalt, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning Science and Technology, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning U.S. Holdings, LLC
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Palmetto Products, Inc
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens Corning
		
	By:	 	  /s/    Ralph A. Than        
	  Name:	 	Ralph A. Than
	  Title:	 	Vice President Finance and Treasurer
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Senior Vice President, General
Counsel and Secretary
	
	Owens Corning Sales, LLC
		
	By:	 	  /s/    Ralph A. Than        
	  Name:	 	Ralph A. Than
	  Title:	 	Vice President Finance and Treasurer

  

 6 

					
	Exterior Systems, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	IPM Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Owens-Corning Fiberglas Technology, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	Soltech, Inc.
		
	By:	 	  /s/    Stephen K. Krull        
	  Name:	 	Stephen K. Krull
	  Title:	 	Authorized Representative
	
	LaSalle Bank National Association,
  as Trustee
		
	By:	 	  /s/    Margaret M. Muir        
	  Authorized Signatory

  

 7

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