Document:

exv10w2

Exhibit 10.2

BRIGHTPOINT, INC.

AMENDED AND RESTATED

AGREEMENT FOR

SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFIT

     THIS AMENDED AND RESTATED AGREEMENT is entered into as of the 16th day of August, 2011 by and
between J. Mark Howell (the “Executive”) and Brightpoint, Inc., an Indiana corporation (the
“Company”). This Agreement fully supercedes the prior Amended and Restated Agreement for
Supplemental Executive Retirement Benefit entered into by the parties on January 19, 2006,
effective on April 7, 2005.

     1. Eligibility for Supplemental Retirement Benefit. In addition to any amounts that
may be payable to the Executive pursuant to any other compensation or benefit plan or program
maintained by the Company to which the Executive may be entitled, subject to Section 5 below, the
Company shall pay to the Executive beginning upon the later of his Date of Termination (as such
term is defined in that certain Amended and Restated Employment Agreement dated as of July 1, 1999
between the Executive and the Company, as it may be amended from time to time (the “Employment
Agreement”)) or his attainment of age 53 (the applicable date the “Payment Start Date”), an annual
amount (the “Supplemental Retirement Benefit”) calculated and paid pursuant to the provisions of
this Agreement including, but not limited to, the payment period described in Section 3 below.

     2. Calculation of the Supplemental Retirement Benefit.

          (a) Formula. The Supplemental Retirement Benefit shall equal the lesser of:

          (i) $344,000 and

          (ii) the product of (A) the Gross Benefit as defined in subsection 2(b) below,
multiplied by (B) the Early Commencement Percent defined in subsection 2(e) below.

          (b) Gross Benefit. The Gross Benefit shall equal an annual payment equal to the
product of the Accrual Percentage (as calculated in accordance with subsection 2(c) below)
multiplied by the Final Average Earnings (as defined in subsection 2(d) below).

          (c) Accrual Percentage. The Accrual Percentage shall equal the lesser of (A)
the sum of (i) through (v) below, and (B) 50%:

          (i) 10%; plus

          (ii) 2%, if the Executive is employed by the Company on June 30, 2005; plus

          (iii) 4% for each full Year (as defined below) the Executive is employed by the Company
from July 1, 2005 through June 30, 2008; plus

 

 

          (iv) 2% for each full Year the Executive is employed by the Company from July 1, 2008
through June 30, 2018; plus

          (v) 1% for each full Year the Executive is employed by the Company thereafter.

For purposes of this Agreement, “Year” means the twelve-month period commencing each July 1 and
ending each June 30.

          (d) Final Average Earnings. The Executive’s Final Average Earnings for purposes of
subsection 2(b) above shall equal the quotient of (i) the sum of (A) the Executive’s Annual Base
Salary (as defined below) for the 5 Years prior to the Executive’s Date of Termination plus
(B) the Executive’s target cash bonus with respect to the calendar year ending in each such Year
(notwithstanding when such bonus is paid or payable and specifically excluding any equity-based
awards), divided by (ii) 5. “Annual Base Salary” shall mean the base rate of cash
compensation payable by the Company to or for the benefit of the Executive for services rendered,
including base pay the Executive could have received in cash in lieu of deferrals pursuant to any
non-qualified deferred compensation plan or pursuant to any pre-tax contribution made on the
Executive’s behalf to any qualified plan maintained by the Company pursuant to a cash or deferred
arrangement (as defined under Section 401(k) of the Internal Revenue Code of 1986, as amended (the
“Code”)), under any cafeteria plan (as defined under Section 125 of the Code) or under a qualified
transportation fringe benefit (as defined under Section 132(f) of the Code).

          (e) Early Commencement Percent. The Early Commencement Percent shall equal the result
of:

          (i) 100%, less

          (ii) the product of .25% for each full calendar month the Payment Start Date precedes
the calendar month in which occurs the Executive’s 62nd birthday (designed to be a 3%
discount for each full twelve-month period the Payment Start Date precedes the Executive’s
62nd birthday, with monthly pro-ration for any period of less than twelve months).

     3. Form of Payment of Supplemental Retirement Benefit. The Supplemental Retirement
Benefit payable hereunder shall be paid for a ten-year period in an annual amount determined
pursuant to Section 2 above. Payment shall commence effective on the Payment Start Date, with
payments to be made monthly in arrears as of the first of each month. To the extent required for
compliance with the terms of Code Section 409A (including the Treasury regulations and other
published guidance relating thereto), payments shall not be made during a period immediately
following the Date of Termination (the “Delay Period”) and, on the first business day immediately
following the Delay Period (the “Catch-Up Payment Date”) the Executive shall receive a lump-sum
payment equal to the total of the payments that would have otherwise been made during the Delay
Period plus simple interest on each such payment for the period from the date such payment would
otherwise have been made to the Catch-Up Payment Date, with such interest at a rate equal to 1%
over the prime rate as published in The Wall Street

 

 

Journal (U.S. Edition) as of the Date of Termination or, if the Wall Street Journal is
not published on such date, the next following date that The Wall Street Journal is
published.

     4. Survivor Benefit. If the Executive dies prior to his Payment Start Date, the
Executive’s Supplemental Retirement Benefit shall be calculated as of the date of the Executive’s
death (with such date the “Payment Start Date” for purposes of Section 2(e)) and paid to his Spouse
(as defined below) commencing no later than sixty (60) days after the Executive’s death with
payments to be made as set forth in Section 3 for the ten year period. If the Executive dies while
receiving the Supplemental Retirement Benefit, the Executive’s unpaid Supplemental Retirement
Benefit shall be paid to his Spouse commencing no later than sixty (60) days after the Executive’s
death with payments to be made as set forth in Section 3 for the remainder of the ten-year period.
“Spouse” shall mean the Executive’s legal spouse at the time of the Executive’s death and shall not
mean a former spouse. If the Executive does not have a Spouse at the time of his death, then no
Supplemental Retirement Benefit shall be paid for any days after the Executive’s death. If the
Spouse dies while receiving the Supplemental Retirement Benefit, then no Supplemental Retirement
Benefit shall be payable for any days after the date of the Spouse’s death.

     5. Termination for Cause. If the Executive’s employment with the Company is
terminated by the Company for Cause (as such term is defined in the Employment Agreement), then the
Payment Start Date shall be the Executive’s 62nd birthday.

     6. Withholding. All payments provided for in this Agreement shall be subject to
applicable withholding and other deductions as shall be required of the Company under any
applicable federal, state or local law.

     7. Unsecured General Creditor. Nothing contained in this Agreement and no action
taken pursuant to its provisions by the Company or any person, shall create, nor be construed to
create, a trust of any kind or a fiduciary relationship between the Company and the Executive or
any other person. The payments to the Executive hereunder shall be made from assets which shall
continue, for all purposes, to be a part of the general, unrestricted assets of the Company. No
person shall have nor acquire any interest in any such assets by virtue of the provisions of this
Agreement. The Company’s obligation hereunder shall be an unfunded and unsecured promise to pay
money in the future. To the extent that the Executive acquires a right to receive payments from
the Company under the provisions hereof, such right shall be no greater than the right of any
unsecured general creditor of the Company.

     8. General Provisions.

          (a) Enforceability. To the extent not preempted by Federal law, the validity,
interpretation, construction and enforceability of this Agreement shall be governed by the internal
laws of the State of Indiana, without giving effect to any choice of law or conflict of law
provision or rule. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain
in full force and effect.

 

 

          (b) Modification, Amendment, Waiver. No modification or amendment of any provision of
this Agreement shall be effective unless approved in writing by both parties. Either party’s
failure to insist upon strict compliance with any provision hereof shall not be deemed to be a
waiver of such provision or any other provision hereof.

          (c) Headings. The heading and section or subsection designations of this Agreement
are included solely for convenience of reference and shall in no event be construed to define or
limit any provisions of this Agreement.

          (d) Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original but all of which together shall constitute one and the same
document. Any facsimile of this Agreement shall be considered an original document.

          (e) Successors. The Company will require any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company, by agreement in form and substance satisfactory to the Executive, to
expressly assume and agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform it if no succession had taken place.

          (f) Code Section 409A.

          (i) It is intended that this Agreement will comply with Code Section 409A, and any
regulations and guidelines issued thereunder, to the extent this Agreement is subject
thereto, and this Agreement shall be interpreted on a basis consistent with such intent.

          (ii) As referenced in Section 3 and notwithstanding any provision to the contrary in
this Agreement, if the Executive is deemed on the date of his “separation from service”
(within the meaning of Treas. Reg. Section 1.409A-1(h)) to be a “specified employee” (within
the meaning of Treas. Reg. Section 1.409A-1(i)), then with regard to any payment that is
required to be delayed pursuant to Code Section 409A(a)(2)(B) (the “Delayed Payments”), such
payment shall not be made prior to the earlier of (A) the expiration of the six (6) month
period measured from the date of his “separation from service” and (B) the date of his
death. Any payments due under this Agreement other than the Delayed Payments shall be paid
in accordance with the normal payment dates specified herein. In no case will the delay of
any of the Delayed Payments by the Company constitute a breach of the Company’s obligations
under this Agreement.

          (iii) For all purposes under this Agreement, reference to the Executive’s “termination
of employment” or “Date of Termination” (and corollary terms) shall be construed to refer to
the Executive’s “separation from service” (as determined under Treas. Reg. Section
1.409A-1(h), as uniformly applied by the Company) with the Company.

          (iv) For purposes of Code Section 409A, the Executive’s right to receive installment
payments pursuant to this Agreement shall be treated as a right to

 

 

receive a series of separate and distinct payments. Whenever a payment under this
Agreement specifies a payment period with reference to a number of days, the actual date of
payment within the specified period shall be within the sole discretion of the Company. Any
other provision of this Agreement to the contrary notwithstanding, in no event shall any
payment or benefit under this Agreement that constitutes nonqualified deferred compensation
for purposes of Code Section 409A be subject to offset by any other amount unless otherwise
permitted by Code Section 409A.

     IN WITNESS WHEREOF, the parties have signed this Agreement as of the day and year first
written above.

	 	 	 	 	 
	 	BRIGHTPOINT, INC.

 	 
	 	By:  	/s/ Jerre L. Stead
 	 
	 	Name:  Jerre L. Stead 	 
	 	Its:  Lead Independent Director 	 
	 
	 	 	 
	 	/s/ J. Mark Howell
 	 
	 	     J. Mark HowellExhibit 4.1

Exhibit 4.1

FIRST AMENDMENT TO

THE RIGHTS AGREEMENT

THIS FIRST AMENDMENT TO THE RIGHTS AGREEMENT (this “Amendment”) is made as of August
15, 2011, by and among R. G. Barry Corporation, an Ohio corporation (the
“Company”), The Bank of New York Mellon Corporation (the “Former Rights Agent”),
and Broadridge Corporate Issuer Solutions, Inc., a Pennsylvania corporation (the “Successor
Rights Agent”).

WHEREAS, on May 1, 2009, the Company and the Former Rights Agent entered into a Rights
Agreement (the “Rights Agreement”); and

WHEREAS, as of the date hereof, a Distribution Date (as defined in the Rights Agreement) has
not occurred and Rights Certificates (as defined in the Rights Agreement) have not been issued; and

WHEREAS, the Company desires, with the consent of the Former Rights Agent and the Successor
Rights Agent, to change the Rights Agent (as defined in the Rights Agreement) by removing the
Former Rights Agent and appointing the Successor Rights Agent.

NOW, THEREFORE, in consideration of the promises and the mutual agreements herein set forth,
the parties hereby agree as follows:

SECTION 1. Removal of Rights Agent. The Company hereby removes the Former Rights
Agent from its capacity as Rights Agent for the Rights Agreement as of the date first written
above. The Former Rights Agent is hereby relieved of all rights, duties and obligations as
Rights Agent pursuant to the Rights Agreement. Hereafter, the Former Rights Agent is no longer a
party to the Rights Agreement, as amended hereby, provided however, the Former Rights Agent will
remain liable for, and only for any and all actions taken, suffered or omitted to be taken by it
and incurred with gross negligence, bad faith or willful misconduct (each as determined by a final,
non-appealable judgment of a court of competent jurisdiction) while performing its duties as Rights
Agent pursuant to the Rights Agreement prior to the date hereof. Notwithstanding anything to the
contrary herein, the provisions of Section 19(a) of the Rights Agreement, as amended hereby, shall
survive the replacement of the Former Rights Agent and will continue to inure to the benefit of the
Former Rights Agent after the execution of this Amendment.

SECTION 2. Appointment of Rights Agent. The Company hereby appoints the
Successor Rights Agent as Rights Agent for the Rights Agreement as of the date first written above.
The Successor Rights Agent assumes all rights and obligations as Rights Agent pursuant to the
Rights Agreement as of the date first written above, but shall not be liable with respect to any
actions taken, suffered or omitted to be taken by the Former Rights Agent, whether incurred through
negligence, gross negligence, bad faith, willful misconduct or otherwise.

 

 

 

SECTION 3. Amendment. Pursuant to Section 27 of the Rights Agreement, each and every
reference in the Rights Agreement, or in Exhibits of the Rights Agreement, to “The Bank of New York
Mellon” or “The Bank of New York Mellon, a New York banking corporation” is hereby replaced with
“Broadridge Corporate
Issuer Solutions, Inc.” or “Broadridge Corporate Issuer Solutions, Inc., a Pennsylvania
corporation,” respectively. Each and every reference to the defined term “Rights Agent” in the
Rights Agreement hereafter refers to Broadridge Corporate Issuer Solutions, Inc. Pursuant to
Section 27 of the Rights Agreement, Section 26 of the Rights Agreement is hereby amended by
replacing the address of the Rights Agent, in its entirety, with the following:

Broadridge Corporate Issuer Solutions, Inc.

44 W. Lancaster Ave.

Ardmore, PA 19003

Attn: General Manager

SECTION 4. Waiver of Notice. Each party to this Amendment hereby waives any provision
of the Rights Agreement requiring advanced written notice of a change in the Rights Agent, an
amendment to the Rights Agreement, or any other action taken by this Amendment. Such waiver of
notice applies only to the actions taken by this Amendment and such notice requirements of the
Rights Agreement remain in effect for any and all future actions.

SECTION 5. Capitalized Terms. Capitalized terms used herein and not otherwise defined
in this Amendment shall have the respective meanings as used or defined in the Rights Agreement.

SECTION 6. Rights Agreement Otherwise Unamended. The Rights Agreement is not
otherwise supplemented or amended by virtue of this Amendment, but shall remain in full force and
effect.

SECTION 7. Successors. All the provisions of this Amendment by or for the benefit of
the Company or the Rights Agent shall bind and inure to the benefit of their respective successors
and assigns.

SECTION 8. Benefits of this Amendment. Nothing in this Amendment shall be construed
to give to any Person other than the Company, the Former Rights Agent, the Successor
Rights Agent and the registered holders of the Rights Certificates (and, prior to the
Distribution Date, the Common Shares and Preferred Shares) any legal or equitable right, remedy or
claim pursuant to this Amendment or the Rights Agreement; but this Amendment and the Rights
Agreement shall be for the sole and exclusive benefit of the Company, the Former Rights Agent,
the Successor Rights Agent and the registered holders of the Rights Certificates (and, prior to
the Distribution Date, the Common Shares and Preferred Shares).

SECTION 9. Governing Law. This Amendment shall be deemed to be a contract made under
the laws of the State of Ohio and for all purposes shall be governed by and construed in accordance
with the laws of such State applicable to contracts to be made and performed entirely within such
State; provided, however, that all provisions regarding the rights, immunities, duties and
obligations of the Rights Agent shall be governed by and construed in accordance with the laws of
the State of New York applicable to contracts made to be performed entirely within such State.

 

 

 

SECTION 10. Execution in Counterparts. This Amendment may be executed in any number
of counterparts and each of such counterparts shall for all purposes be deemed to be an original,
and all such counterparts shall together constitute but one and the same instrument.

SECTION 11. Descriptive Headings. Descriptive headings of the several Sections of
this Amendment are inserted for convenience only and shall not control or affect the meaning or
construction of any of the provisions hereof.

SECTION 12. Direction to Rights Agent. By its execution and delivery hereof, the
Company hereby directs the Former Rights Agent to execute this Amendment.

[Remainder of Page Intentionally Left Blank]

 

 

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	R.G. BARRY CORPORATION

 	 
	 	By:  	/s/ José G. Ibarra
 	 
	 	 	Name:  	José G. Ibarra 	 
	 	 	Title:  	Senior Vice President — Finance, 

Chief
Financial Officer 	 
	 
	 	THE BANK OF NEW YORK MELLON

 	 
	 	By:  	/s/ Mitzi Shannon
 	 
	 	 	Name:  	Mitzi Shannon 	 
	 	 	Title:  	Relationship Manager 	 
	 
	 	BROADRIDGE CORPORATE ISSUER SOLUTIONS, INC.

 	 
	 	By:  	/s/ Linnette Samuels
 	 
	 	 	Name:  	Linnette Samuels 	 
	 	 	Title:  	Vice President and Director of Operations

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