Document:

Value Creation Plan Normal Unit Distribtutions Deferral Election

 Exhibit 4.2 
 STRATEGIC HOTELS & RESORTS, INC. 
 VALUE CREATION PLAN

 NORMAL UNIT DISTRIBUTIONS 
 DEFERRAL ELECTION AND DEFERRAL PROGRAM 
 NORMAL UNIT DISTRIBUTIONS AS
PERFORMANCE-BASED COMPENSATION: On August 27, 2009, Strategic Hotels & Resorts, Inc. (“Company”) adopted the Strategic Hotels & Resorts, Inc. Value Creation Plan (“Plan”) and granted me 600,000
Units under the Plan. In order for me to receive any Normal Unit Distributions under the Plan, the fair market value of a share of common stock of the Company (“Share”) must be at least $4 during 2012 and the amount of Normal Unit
Distributions I receive under the Plan will depend upon the fair market value of Shares during the twelve-month performance period of 2012. The $4 per share price threshold for Normal Unit Distributions established as part of the Plan in August 2009
was more than double the fair market value of a Share at the time of establishment of the Plan. Normal Unit Distributions under the Plan are intended to be performance-based compensation under Section 409A of the Internal Revenue Code of 1986,
as amended (“Code Section 409A”). Capitalized terms used herein and not defined herein shall have the meanings set forth in the Plan. 
 DEFERRAL: I hereby irrevocably elect to defer receipt of fifty percent (50%) of each Normal Unit Distribution to which I become entitled under the Plan and have such Normal Unit
Distributions converted to stock units (“Stock Units”) payable in Shares at the time set forth in the “Distribution” section below; provided, however, in no event shall I defer from such Normal Unit Distributions more than an
amount which provides Stock Units related to Shares aggregating more than one percent (1%) of the number of Shares or one percent (1%) of the voting power outstanding. Normal Unit Distributions otherwise payable in Shares shall be
converted to Stock Units on a one Share to one Stock Unit basis. Normal Unit Distributions otherwise payable in cash shall be converted to a number of Stock Units determined by dividing the cash amount that otherwise would be distributed by the
closing price of a Share on what would otherwise be the distribution date of such Normal Unit Distributions. This deferral shall be in accordance with the terms and provisions set forth in this Deferral Election and Deferral Program (“Deferral
Election”) and the requirements of Code Section 409A. 
 DIVIDEND EQUIVALENTS: I will be entitled to dividend
equivalents with respect to Stock Units in the form of additional Stock Units. As of each cash dividend date with respect to Shares, a dollar amount equal to the amount of the dividend that would have been paid on the number of Shares equal to the
number of my Stock Units under this Deferral Election as of the close of business on the record date for such dividend shall be converted into a number of additional Stock Units under this Deferral Election equal to the number of whole and
fractional Shares that could have been purchased at the closing price on the dividend payment date with such dollar amount. In the case of any dividend declared on Shares which is payable in Shares, I will be credited with an additional number of
Stock Units under this Deferral Election equal to the product of (a) the number of Stock Units under this Deferral Election then held on the related dividend record date and the (b) the number of Shares (including any fraction thereof)
distributable as a dividend on a Share. Notwithstanding the foregoing, to the extent that the crediting of dividend equivalents would cause the Stock Units relating to Shares under this Deferral Election to aggregate more than one percent
(1%) of the number of Shares or one percent (1%) of the voting power outstanding, such excess dividend equivalents instead shall be distributed in cash at the time set forth in the “Distribution” section below. 

DISTRIBUTION: The conversion of my Stock Units under this Deferral Election into Shares and distribution of such Shares and any cash
dividend equivalents will be made on January 2, 2014; provided that if my employment terminates more than six months prior to such date, such conversion and distribution of Shares shall be on the first business day of the calendar month
following six months after my separation from service (as such term is defined in Code Section 409A to the extent necessary to comply with or be exempt from Code Section 409A). Notwithstanding the foregoing, upon a change in the ownership
or effective control of the Company or in the ownership of a substantial portion of the assets of the Company as defined in Section 409A(a)(2)(A)(v) of the Internal Revenue Code of 1986, as amended with the use of a 40% standard rather than a
30% standard for purposes of determining a change in an effective control pursuant to IRS Treasury Regulations section 409A-3(i)(5)(vi), all Stock Units under this Deferral Election shall be converted into Shares and such Shares distributed.

 ADJUSTMENTS: In the event, at any time or from time to time, a stock split, spin-off, combination or exchange of shares,
recapitalization, merger, consolidation, distribution to stockholders other than a dividend, or other change in the Company’s corporate or capital structure results in (a) the outstanding Shares, or any securities exchanged therefor or
received in their place, being exchanged for a different number or kind of securities of the Company or any other company or (b) new, different or additional securities of the Company or any other company being received by the holders of
Shares, then a proportional adjustment in the number and kind of securities that are subject to outstanding Stock Units shall be made. Notwithstanding the foregoing, the issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, for cash or property, or for labor or services rendered either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion

  
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of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding Stock
Units. 
 ACKNOWLEDGEMENT: By signing this Deferral Election, I hereby acknowledge my understanding and acceptance of the
following: 
 1. Irrevocable Election. This Deferral Election is irrevocable. I understand that I may not revoke or modify this Deferral
Election (except in such limited circumstances as the Board or its Compensation Committee may permit in accordance with Code Section 409A and other law). I do not expect to be able to make any changes to the manner or timing of distributions
set forth on this Deferral Election for my Normal Unit Distributions under the Plan. 
 2. Election for Normal Unit Distributions. I
understand that this Deferral Election applies only to my Normal Unit Distributions under the Plan and does not apply to Change of Control Unit Distributions. I understand that Code Section 409A may require changes in this Deferral Election or
may otherwise impact the effectiveness of this Deferral Election. 
 3. Withholding. I agree to make arrangements satisfactory to the
Company for the payment of any federal, state, local or foreign withholding tax obligations that arise with respect to Normal Unit Distributions, Stock Units or Shares. Notwithstanding the previous sentence, I acknowledge and agree that the Company
has the right to deduct from payments of any kind otherwise due to me any federal, state or local taxes of any kind required by law to be withheld with respect to Normal Unit Distributions, Units or Shares, including, without limitation, the receipt
of Shares. I may elect to satisfy the withholding obligation under this Deferral Election, in whole or part, by having the Company withhold Shares having a fair market value on the date the withholding tax is to be determined equal to no more than
the minimum amount required to be withheld under applicable law. 
 4. Code Section 409A. This Deferral Election is intended to be
construed in accordance with the terms and provisions set forth in this Deferral Election as well as Section 13.5 of the Plan and the requirements of Code Section 409A. Notwithstanding any other provision in this Deferral Election, the
Company, to the extent it deems necessary or advisable in its sole discretion, reserves the right, but shall not be required, to unilaterally amend or modify this Deferral Election to help distributions qualify for exemption from or compliance with
Code Section 409A; provided, however, that the Company makes no representations that this Deferral Election shall comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to this Deferral
Election. I understand that Code Section 409A is complex, that any additional taxes and other liabilities under Code Section 409A are my responsibility and that the Company encourages me to consult a tax advisor regarding the potential
impact of Code Section 409A. 
 5. Undertaking. I hereby agree to take whatever additional action and execute whatever additional
documents the Board or its Compensation Committee may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on me or the Stock Units or Normal Unit Distributions pursuant to the provisions
of this Deferral Election or the Plan. 
 6. Counterparts. This Deferral Election may be executed in multiple counterparts, each of which
so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Deferral Election. 

  
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 By signing this Deferral Election, I hereby acknowledge my understanding of and agreement with all the terms
and provisions set forth in this Deferral Election as well as the Strategic Hotels & Resorts, Inc. Value Creation Plan. 
 Dated: June
    , 2011 
  

	
	  

	Laurence S. Geller

 Acknowledged and Agreed to this 29th day of June, 2011. 

 

					
	Strategic Hotels & Resorts, Inc.
		
	By:	 	 /s/ Paula C. Maggio

		 	Its:	 	Senior Vice President, Secretary and General Counsel

  
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 Exhibit 10.8 
 INDEMNIFICATION AGREEMENT 
 THIS AGREEMENT is made on
            , 2011 between Morgan’s Foods, Inc. an Ohio corporation (“Corporation”) and
                     a director or officer of the Company (“Indemnitee”). 

WHEREAS, Indemnitee is a director or officer (or both) of Corporation and in such capacity or capacities is performing a valuable service
for Corporation; and 
 WHEREAS, the shareholders of Corporation have adopted regulations (the “Regulations”)
providing for the indemnification of the officers, directors, agents and employees of Corporation to the maximum extent authorized by Section 1701.13(E) of the Ohio Revised Code (the “State Statute”); and 

WHEREAS, such Regulations and the State Statute specifically provide that they are not exclusive, and such statute thereby contemplates
and the Regulations specifically provide that contracts may be entered into between Corporation and directors or officers thereof with respect to indemnification; and 
 WHEREAS, developments with respect to D & O Insurance and with respect to the application, amendment and enforcement of statutory and corporate indemnification provisions generally have raised
questions concerning the adequacy and reliability of the protection afforded to directors and officers thereby: and 
 WHEREAS,
the Corporation and Indemnitee further recognize that directors and officers may be exposed to certain risks not covered by D&O Insurance. 
 WHEREAS, in order to resolve such questions and thereby induce Indemnitee to serve as a director or officer (or both), Corporation has determined and agreed to enter into this contract with Indemnitee;

 NOW, THEREFORE, in consideration of Indemnitee’s service as a director or officer (or both) after the date hereof, the
parties hereto agree as follows: 
 1. Indemnification of Indemnitee. Without limiting any other provision herein,
Corporation hereby agrees to hold harmless and indemnify Indemnitee to the full extent authorized or permitted by the provisions of the State Statute, or by any amendment thereof, or by any statutory provisions authorizing or permitting
indemnification that are adopted after the date hereof. 
 2. Insurance. 

(a) Subject only to the provisions of Section 2(b) hereof, Corporation hereby agrees that, so long as Indemnitee shall continue to
serve as a director or officer of Corporation (or shall continue at the request of Corporation to serve as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise), and thereafter so long
as Indemnitee shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal or investigative, by reason of the fact that Indemnitee was a director or officer of Corporation (or served
in any of said other capacities), Corporation will make reasonable efforts from time to time to purchase and maintain in effect for the benefit of Indemnitee one or more valid, binding and enforceable policy or policies of D & O insurance.

 (b) Corporation shall not be required to obtain or maintain said policy or policies of D
& O insurance in effect if said insurance is not reasonably available or if, in the reasonable business judgment of the then directors of Corporation, either (i) the premium cost for such insurance is substantially disproportionate to the
amount of coverage or (ii) the coverage provided by such insurance is so limited by exclusions that there is insufficient benefit from such insurance. 
 (c) In the event Corporation does not purchase and maintain in effect said policy or policies of D & O Insurance pursuant to the provisions of Section 2(b) hereof, Corporation agrees to hold
harmless and indemnify Indemnitee to the full extent of the coverage which would otherwise have been provided for the benefit of Indemnitee if the policy most recently in effect had remained in effect on the terms and conditions provided therein
prior to expiration. 
 3. Additional Indemnity. Subject only to the exclusions set forth in Section 4 hereof,
Corporation hereby further agrees to hold harmless and indemnify Indemnitee: 
 (a) Against any and all expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with any threatened, pending or completed action suit or proceeding, whether civil, criminal, administrative or
investigative (including an action by or in the right of the Corporation), to which Indemnitee is, was or at any time becomes a party, or is threatened to be made a party, by reason of the fact that Indemnitee is, was or at any time becomes a
director, officer, employee or agent of Corporation, or is or was serving or at any time serves at the request of Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise;
and 
 (b) Otherwise to the fullest extent as may be provided on Indemnitee by Corporation under the nonexclusivity provisions
of the Regulations and the State Statute. 
 4. Limitations on Additional Indemnity. No indemnity pursuant to
Section 3 hereof shall be paid by Corporation: 
 (a) except to the extent the aggregate of losses to be indemnified
thereunder exceeds the sum of $1,000 plus the amount of such losses for which the Indemnitee is indemnified either pursuant to Section 1 or 2 hereof or pursuant to any D & O insurance purchased and maintained by the Corporation; 

(b) in respect of remuneration paid to Indemnitee if it shall be determined by a final judgment or other final adjudication that such
remuneration was in violation of law; 
 (c) on account of any suit in which judgment is rendered against a director for an
accounting of profits made from the purchase or sale by Indemnitee of securities of Corporation pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto, or similar provisions of any federal,
state or local statutory law; 
 (d) on account of Indemnitee’s conduct which is finally adjudged to have been knowingly
fraudulent, deliberately dishonest or willful misconduct; 
 (e) if a final decision by a Court having jurisdiction in the
matter shall determine that such indemnification is not lawful; or 

  
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 (f) Any action in which the only liability asserted against a Indemnitee who is or was a
director of the Corporation is pursuant to Section 1701.95 of the Ohio Revised Code. 
 5. Continuation of
Indemnity. All agreements and obligations of Corporation contained herein shall continue during the period Indemnitee is a director, officer, employee or agent of Corporation (or is serving at the request of Corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed action, suit or
proceeding, whether civil, criminal or investigative, by reason of the fact that Indemnitee was a director or officer of Corporation or serving in any other capacity referred to herein. 

6. Notification and Defense of Claim. Promptly after receipt by Indemnitee of notice of the commencement of any action, suit or
proceeding, Indemnitee will, if a claim in respect thereof is to be made against Corporation under this Agreement, notify Corporation of the commencement thereof; but the omission so to notify Corporation will not relieve it from any liability which
it may have to Indemnitee otherwise than under this Agreement. With respect to any such action, suit or proceeding as to which Indemnitee notifies Corporation of the commencement thereof: 

(a) Corporation will be entitled to participate therein at its own expense; and, 

(b) Except as otherwise provided below, to the extent that it may wish, Corporation will be entitled jointly with any other indemnifying
party similarly notified to assume the defense thereof, with counsel satisfactory to Indemnitee. After notice from Corporation to Indemnitee of its election so to assume the defense thereof, Corporation will not be liable to Indemnitee under this
Agreement for any legal or other expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its counsel
in such action, suit or proceeding but the fees and expenses of such counsel incurred after notice from Corporation of its assumption of the defense thereof shall be at the expense of Indemnitee unless (i) the employment of counsel by
Indemnitee has been authorized by Corporation, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between Corporation and Indemnitee in the conduct of the defense of such action, or (iii) Corporation
shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of counsel shall be at the expense of Corporation. Corporation shall not be entitled to assume the defense of an action, suit
or proceeding brought by or on behalf of Corporation or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and, 
 (c) Corporation shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action or claim effected without its written consent. Corporation shall not
settle any action or claim in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Neither Corporation nor Indemnitee will unreasonably withhold their consent to any proposed settlement.

 7. Repayment of Expenses. Indemnitee agrees that Indemnitee will reimburse Corporation for all reasonable expenses
paid by Corporation in defending any civil or criminal action, suit or proceeding against Indemnitee in the event and only to the extent that it shall be ultimately determined that Indemnitee is not entitled to be indemnified by Corporation for such
expenses under the provisions of the State Statute, the Regulations, this Agreement or otherwise. 

  
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 8. Enforcement. 

(a) Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on Corporation
hereby in order to induce Indemnitee to continue as a director or officer (or both) of the Corporation, and acknowledges that Indemnitee is relying upon this Agreement in continuing in such capacity or capacities. 

(b) If Indemnitee is required to bring any action to enforce rights or to collect moneys due under this Agreement and is successful in
such action, Corporation shall reimburse Indemnitee for all of Indemnitee’s reasonable fees and expenses in bringing and pursuing such action. 
 9. Separability. Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others, so that if any provision hereof shall be held to be invalid or
unenforceable for any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereof. 
 10. Prior Agreements. This Agreement shall supersede any other agreements entered into prior to the date of this Agreement between the Corporation and the Indemnitee concerning the subject matter
of this Indemnification Agreement. 
 11. Governing Law; Binding Effect; Amendment and Termination. 

(a) This Agreement shall be interpreted and enforced in accordance with the laws of the State of Ohio. 

(b) This Agreement shall be binding upon Indemnitee and upon Corporation, its successors and assigns, and shall inure to the benefit of
Indemnitee, his heirs, personal representatives and assigns, and to the benefit of corporation, its successors and assigns. 

(c) No amendment, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by both parties
hereto. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above
written. 
  

			
	MORGAN’S FOODS, INC.
		
	By:	 	  

		 	Leonard Stein-Sapir
		 	Chairman of the Board and Chief
		 	Executive Officer
		
		 	  

		 	(Director or Officer Name)

  
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