Document:

Certain Compensation Arrangements with Directors for 2005

 EXHIBIT 10.2 
  
 RADIAN GROUP INC. 
  
 CERTAIN COMPENSATION ARRANGEMENTS 
 WITH DIRECTORS FOR 2005 
  
 (Effective
October 1, 2005) 
  
 Cash Compensation 
  
 All non-employee members of our Board of Directors receive an annual fee for their services
of $32,500. Each non-employee director also receives a $2,000 fee for each board meeting or committee meeting attended. 
  
 In addition to the foregoing, Herbert Wender, our non-executive Chairman of the Board, receives an annual fee of $100,000 for serving as Chairman, and the chairmen of the
following committees are paid the following annual fees: 
  
 Audit and Risk Committee—$12,500 
  
 Compensation
and Human Resources Committee—$7,500 
  
 Credit
Committee—$5,000 
  
 Governance Committee—$5,000

  
 Investment and Finance Committee—$5,000 
  
 All annual fees are paid quarterly in advance and all
meeting fees are payable quarterly in arrears. 
  
 A committee of four
non-employee directors was formed in 2005 in connection with Radian’s search for a new CEO. Three of these directors, Howard Culang, Stephen Hopkins and Jan Nicholson, each received $10,000 for serving on this committee, while the fourth
director, James Jennings, received $15,000 for serving as chairman of this committee. 
  
 Equity Compensation 
  
 All non-employee directors receive an
annual grant of phantom stock, awarded under our Equity Compensation Plan, equal to $115,000 based on the closing price of our common stock on the date of the annual grant. The phantom stock awards are granted on the date of the Board’s first
regular meeting each year. 
  
 Our non-executive Chairman of the Board also
received 2,000 shares of phantom stock in 2005 as compensation for his efforts related to Radian’s CEO transition. 
  
 Radian requires each director to maintain a minimum direct investment in Radian common stock equal to $350,000, on or before the later of January 1, 2007 or four
years from the date that a director’s service on the Board begins. 
  
 Directors who are our employees do not receive additional compensation for their service as directors.Supplemental Indenture dated as of November 2, 2005

 Exhibit 4.1 
  

SUPPLEMENTAL INDENTURE 
 TO THE
INDENTURE 
  
 EPL INTERMEDIATE, INC. 
  
 AND 
  
 THE BANK OF NEW YORK 
 as Trustee 
  

  
 SUPPLEMENTAL INDENTURE 
  
 Dated as of November 2, 2005 
  
 to 
  
 Indenture 
  
 Dated as of March 31, 2004 
  
 12 1/2% Senior Discount Notes due 2010 

 THIS SUPPLEMENTAL INDENTURE, dated as of November 2, 2005 (the
“Supplemental Indenture”), is between EPL Intermediate, Inc., a Delaware corporation (the “Company”), and The Bank of New York, as trustee (the “Trustee”). 
  
 WHEREAS, the Company and the Trustee have heretofore executed and delivered
that certain Indenture dated as of March 31, 2004 ((the “Original Indenture”) for the Company’s 12 1/2% Senior Discount Notes due 2010 (the “Notes”); 
  
 WHEREAS, the Company issued originally $70 million aggregate principal amount at maturity of the Notes; 
  
 WHEREAS, Section 9.02 of the Indenture provides that the Indenture may be amended with the consent of the Holders of a majority in principal amount
at maturity of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes) (subject to certain exceptions); 
  
 WHEREAS, the Company desires and has requested the Trustee to join with it in
entering into this Supplemental Indenture for the purpose of amending the Indenture in certain respects as permitted by Section 9.02 of the Indenture; 
  
 WHEREAS, the execution and delivery of this Supplemental Indenture has been authorized by the Board of Directors of the Company; 
  
 WHEREAS, (1) the Company has received the consent of the Holders of a
majority in principal amount of the outstanding Notes and has satisfied all other conditions precedent, if any, provided under the Indenture to enable the Company and the Trustee to enter into this Supplemental Indenture, all as certified by an
Officers’ Certificate, delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture as contemplated by Section 9.02 of the Indenture, and (2) the Company has delivered to the Trustee
simultaneously with the execution and delivery of this Supplemental Indenture an Opinion of Counsel relating to this Supplemental Indenture as contemplated by Section 9.06 of the Indenture. The Company delivered to the Trustee, in accordance
with Section 9.02, the Board of Directors’ resolution authorizing the Supplemental Indenture and evidence of consent of the majority of Holders in principal amount of the outstanding Notes; and 
  
 NOW, THEREFORE, in consideration of the above premises, each party hereby
agrees, for the benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 Section 1.1 Deletion of
Definitions and Related References. Section 1.02 of the Indenture is hereby amended to delete in their entirety all terms and their respective definitions for which all references are eliminated in the Indenture as a result of the
amendments set forth in Article II of this Supplemental Indenture. 

 ARTICLE II 
  
 AMENDMENTS TO INDENTURE 
  
 Section 2.1 Amendments to the Indenture. The Indenture is hereby amended by deleting the following sections of the Indenture and all
references thereto in the Indenture in their entirety: 
  
 Section 4.03 (Reports) 
  
 Section 4.04 (Compliance Certificate) 
  
 Section 4.05 (Taxes) 
  
 Section 4.06 (Stay, Extension and Usury Laws) 
  
 Section 4.07 (Restricted Payments) 
  
 Section 4.08 (Dividend and Other Payment Restrictions Affecting Subsidiaries) 
  
 Section 4.09 (Incurrence of Indebtedness and Issuance
of Preferred Stock) 
  
 Section 4.10 (Asset
Sales) 
  
 Section 4.11 (Transactions with
Affiliates) 
  
 Section 4.12 (Liens)

  
 Section 4.13 (Business Activities)

  
 Section 4.14 (Corporate Existence)

  
 Section 4.15 (Offer to Repurchase Upon
Change of Control) 
  
 Section 4.16
(Limitation on Issuances and Sales of Equity Interests in Wholly-Owned Subsidiaries) 
  
 Section 4.17 (Payments for Consent) 
  
 Section 4.18 (Limitation on Issuances of Guarantees of Indebtedness) 
  
 Section 4.19 (Designation of Restricted and Unrestricted Subsidiaries) 
  
 Section 4.20 (Calculation of Original Issue Discount)

  
 Section 5.01(a)(3), 5.01(a)(4) (Merger,
Consolidation, or Sale of Assets) 
  
 Section 6.01(3), 6.01(4), 6.01(5), 6.01(6), 6.01(7), 6.01(8) and 6.01(9) (Events of Default) 
  
 ARTICLE III 
  
 MISCELLANEOUS PROVISIONS 
  
 Section 3.1
Defined Terms. For all purposes of this Supplemental Indenture, except as otherwise defined or unless the context otherwise requires, terms used in capitalized form in this Supplemental Indenture and defined in the Indenture have the
meanings specified in the Indenture. 
  
 Section 3.2
Indenture. Except as amended hereby, the Indenture is in all respects ratified and confirmed and all the terms thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes,
and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound by the Indenture as amended hereby. Except as otherwise required by Section 12.01 of the Indenture, in the case of conflict between
the Indenture and this Supplemental Indenture, the provisions of this Supplemental Indenture shall control. 

 Section 3.3 Governing Law. This Supplemental Indenture will be governed by, and
construed in accordance with, the laws of the state of New York. 
  
 Section 3.4 Successors. All agreements of the Company and the Trustee in this Supplemental Indenture and the Notes shall bind their respective successors. 
  
 Section 3.5 Duplicate Originals. All parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together shall represent the same agreement. 
  
 Section 3.6 Severability. In case any one or more of the provisions in this Supplemental Indenture or in the Notes shall be held
invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being
intended that all of the provisions hereof shall be enforceable to the full extent permitted by law. 
  
 Section 3.7 Trustee Disclaimer. The Trustee accepts the amendment of the Indenture effected by this Supplemental Indenture and agrees
to execute the trust created by the Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms
and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended, and without limiting the generality of the foregoing, the Trustee shall not be
responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company, and the Trustee makes no representation with respect to any such
matters. Additionally, the Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 
  
 Section 3.8 Effectiveness. The provisions of this Supplemental Indenture shall be effective only upon the purchase of more than a
majority in principal amount of the outstanding Notes issued under the Indenture. 
  
 Section 3.9 Endorsement and Change of Form of Notes. Any Notes authenticated and delivered after the close of business on the date that this Supplemental Indenture becomes effective may be affixed
to, stamped, imprinted or otherwise legended by the Trustee, with a notation as follows: 
  
 “Effective as of November 2, 2005, the restrictive covenants of the Company and certain of the Events of Default have been eliminated, as provided in the Supplemental Indenture, dated as of November 2,
2005. Reference is hereby made to said Supplemental Indenture, copies of which are on file with the Trustee, for a description of the amendments made therein.” 
  
 Section 3.10 Effect of Headings. The headings of the Articles and Sections of this Supplemental Indenture
have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provision hereof. 
  
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed
as of the day and year written above. 
  

			
	
	EPL INTERMEDIATE, INC.
		
	 By:
	 	 /s/ Joseph N. Stein

	 Name:
	 	 Joseph N. Stein

	 Title:
	 	 Vice President and Treasurer

	
	THE BANK OF NEW YORK, as Trustee
		
	 By:
	 	 /s/ Jeremy Finkelstein

	 Name:
	 	 Jeremy Finkelstein

	 Title:
	 	 Assistant Vice President

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