Document:

EX-10.1

 Exhibit 10.1 

SECOND AMENDMENT 
 TO

 CONAGRA BRANDS, INC. 

VOLUNTARY DEFERRED COMPENSATION PLAN 

(January 1, 2017 Restatement) 

WHEREAS Conagra Brands, Inc. (the “Company”) sponsors the Conagra Brands, Inc. Voluntary Deferred Compensation Plan, effective
January 1, 2017 (the “Plan”); and 
 WHEREAS, the Company’s Human Resources Committee (the “HRC”) has the
authority, pursuant to Section 9.1 of the Plan, to amend the Plan; and 
 WHEREAS, the HRC desires to amend the Plan to (1) remove
the end of year employment requirement to receive employer contributions and (2) provide for mid-year participation for employees of Pinnacle Foods, Inc. 

NOW, THEREFORE, the Plan is amended, effective as of the dates set forth herein, in the following respects: 

1.    Article II of the Plan is amended, effective January 1, 2019, by adding a new paragraph after the current first paragraph
to read as follows: 
 “Prior to March 1, 2019, no employee of Pinnacle Foods, Inc. shall be eligible to participate in the Plan.
Effective as of March 1, 2019, any active Pinnacle Foods, Inc. employee who either has been selected by, and at the sole and absolute discretion of, the Human Resources Committee, or who is both categorized by the Company or a Related Company
as a grade level 23 or higher, and who has an annual base salary that equals or exceeds $125,000 (a “Pinnacle Participant”) shall become eligible to participate in and make Compensation Deferral Contributions under the Plan.
Notwithstanding any provision to the contrary, Section 3.4 shall apply to each Pinnacle Participant’s elections under the Plan with respect to 2019.” 

2.    The first paragraph of Section 3.2 of the Plan is amended, effective January 1, 2019, by adding a sentence at the end
thereof to read as follows: 
 “Any Participant whose Separation from Service occurs prior to the last day of the Plan Year shall
remain eligible for Employer Matching Contributions for such Plan Year.” 
 3.    The first paragraph of Section 3.3 of the
Plan is amended, effective January 1, 2019, to read as follows: 
 “3.3 Employer Non-elective Contributions. The Employer
will credit, at the end of each Plan Year, an eligible Participant’s 409A Account with an Employer Non-elective Contribution equal to 3% of such Participant’s normal compensation and short term
incentive in excess of the Code Section 401(a)(17) limitation in effect for such Plan Year. Any Participant whose Separation from Service occurs prior to the last day of the Plan Year shall remain eligible for Employer Non-Elective Contributions for such Plan Year. 

 If a Participant is not permitted to make Compensation Deferral Contributions in the first
year of hire, an Employer Non-elective Contribution equal to 9% of such Participant’s normal compensation and short term incentive in excess of the applicable Code Section 401(a)(17) limitation will
be made for such Participant in his or her first Plan Year of participation, and such amount will be credited to the Participant’s 409A Account as of the end of such first Plan Year.” 

4.    A new Section 3.4 will be added to the Plan, effective March 1, 2019, to read as follows: 

“3.4 2019 Treatment of Pinnacle Employees. Except for any Pinnacle Participant who, during the 24 month period ending on
March 1, 2019, was eligible to participate in the Pinnacle Foods Supplemental Savings Plan (“PFSSP Eligible Employee”), a Pinnacle Participant may make a Compensation Deferral Contribution election for 2019 during the enrollment
window chosen by the Company, which shall be within 30 days after the date the Pinnacle Participant first becomes eligible to participate in the Plan; provided that such election may apply only to base salary attributable to services to be
performed subsequent to the election and paid on or after April 1, 2019. With respect to a PFSSP Eligible Employee, his or her Compensation Deferral Contribution election made in 2018 shall apply only to base salary attributable to
services to be performed and salary paid on or after April 1, 2019. 
 Compensation for purposes of calculating Employer Matching
Contributions and Employer Non-elective Contributions and determining any amount in excess of the Code Section 401(a)(17) limitation for 2019 for a Pinnacle Participant shall include all earnings from the
Company or a Related Company paid to the Pinnacle Participant in 2019. 
 If a Pinnacle Participant does not make a Compensation Deferral
Contribution for 2019, an Employer Non-elective Contribution equal to 9% of such Pinnacle Participant’s 2019 compensation in excess of the applicable Code Section 401(a)(17) limitation shall be made for such Pinnacle Participant, and such
amount will be credited to the Pinnacle Participant’s 409A Account as of the end of the 2019 Plan Year.” 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed on its
behalf, by its officer duly authorized, this 5th day of December, 2018. 
  

			
	CONAGRA BRANDS, INC.
		
	By:	 	/s/ Ryan Egan
	Name:	 	Ryan Egan
	Title:	 	Vice President of Human Resources

  
 3Exhibit
10.1

 

NOTICE
OF SAR GRANT

under
the

CINEDIGM
CORP. 2017 EQUITY INCENTIVE PLAN

 

 

No. of
shares subject to SAR: _________

 

This
GRANT, made as of the ____ day of ____________, 20__ by Cinedigm Corp., a Delaware
corporation (the “Company”), to ______________, is made pursuant and subject to the provisions of the Company’s
2017 Equity Incentive Plan (the “Plan”), a copy of which has been given to Participant. All terms used herein that
are defined in the Plan have the same meanings given them in the Plan.

 

1.       
Grant of SARs. Pursuant to the Plan, the Company, on ___________, ____ (“Grant
Date”), granted to Participant, an aggregate of _________ stock appreciation rights (“SAR” or “SARs”)
subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth. Each SAR entitles
the Participant to receive, upon exercise, an amount (referred to herein as the “Stock Appreciation Amount”) equal
to the excess of (a) the Market Price per share of the Common Stock on the exercise date, over (b) $XX.XX, being
not less than the Market Price per share of the Common Stock on the Grant Date (the amount in (b) referred to herein as the “Exercise
Price”). Such SARs will be exercisable as hereinafter provided. 

 

2.       
Expiration Date. The Expiration Date of the SARs is the date that is ten (10)
years from the Grant Date. The SARs may not be exercised on or after the Expiration Date.

 

3.       
Vesting of SARs. Except as provided in paragraphs 7, 8, 9, or 10, the SARs shall become vested in three annual installments
pursuant to the following table:

 

	Date of Vesting	Number of SARs that will Vest
	__________, 20__	______________________
	__________, 20__	______________________
	__________, 20__	______________________
	 	 

 

 

4.       
Exercisability of SARs. Except as provided in paragraphs 7, 8,
9, or 10, the SARs shall become exercisable at the time they become vested pursuant to paragraph 3. Once the SARs have become exercisable
in accordance with the preceding sentence, they shall continue to be exercisable until the termination of Participant’s rights
hereunder pursuant to paragraphs 7, 8, 9, or 10, or until the Expiration Date, if earlier.
A partial exercise of this SAR shall not affect Participant’s right to exercise the SARs with respect to the remaining shares,
subject to the terms and conditions of the Plan and those set forth herein.

 

5.       Method
of Exercising SARs and Form of Payment of Stock Appreciation Amount. The SARs shall
be exercised pursuant to procedures established by the Committee for exercising the SARs. Upon exercise of the SARs, the
Stock Appreciation Amount, less any amounts withheld pursuant to paragraph 18, shall
be paid, as determined solely at the discretion of the Company, in (a) whole shares of Common Stock, (b) cash, or (c) a combination
of both cash and Common Stock. Notwithstanding the preceding sentence, to the extent the number of Shares issuable upon exercise
of any of the SARs awarded hereunder, would exceed the limitations set forth in the Plan, then only the permitted number of Shares
may be issued and any remaining amounts payable shall be paid in cash.

 

      

     

    

  

6.       Nontransferability.
This SARs are nontransferable except by will or the laws of descent and distribution. During Participant’s lifetime, the
SARs may be exercised only by Participant.

 

7.       Upon
a Qualifying Termination Event. 

 

(a)       Notwithstanding
anything in this SAR to the contrary, if, prior to the forfeiture of the SARs under paragraph 9, Participant experiences a Qualifying
Termination Event (as defined below), the SARs shall become vested and exercisable as to a pro-rata number of the unvested SARs,
as determined in accordance with the following sentence. The pro-rata number of the unvested
SARs that shall vest and become exercisable pursuant to the preceding sentence shall be equal to a fraction of the remaining
unvested SARs; the numerator of such fraction shall be “x” where x equals the number of full months of service performed
by the Participant on and after (and including the month of) the Grant Date, and prior to the Qualifying Termination Event, and
the denominator of the fraction shall be 28. The non-vested portion of the SARs shall be
forfeited. 

 

(b)       The
portion of the SARs vested pursuant to paragraph 3 or subparagraph (a) of this paragraph 7 may be exercised beginning on the date
the SAR becomes vested and shall remain exercisable according to the terms provided in paragraph 4,
and the Participant or Participant’s beneficiary (or estate as the case may be) may exercise this SAR during the remainder
of the period preceding the Expiration Date. Participant shall have the right to designate his beneficiary in accordance with procedures
established under the Plan for such purpose. If Participant fails to designate a beneficiary, or if at the time of his death there
is no surviving beneficiary, the SARs may be exercised by his estate.

 

8.       Exercise
of Vested SARs After Other Termination of Employment. Except as provided in paragraph
7, in the event Participant ceases to be employed by the Company or an Affiliate, the rules under this paragraph 8 shall apply.
If Participant ceases to be employed after the SARs are vested, but prior to the Expiration Date, Participant may exercise the
SARs with respect to the shares he is entitled to purchase pursuant to paragraphs 3 and 4 above within sixty (60) days of the date
of such termination of employment (but in no event later than the Expiration Date). Any portion of the vested SARs that
is not exercised within the foregoing sixty (60) day period shall be immediately forfeited.

 

9.       Forfeiture.
Any non-vested portion of the SARs that does not become vested pursuant to paragraph 3, 7(a) or 10, shall be forfeited if Participant’s
employment with the Company or an Affiliate terminates for any reason.

 

10.       Change
in Control. In the event of a Change in Control (as defined in the Plan) prior to the forfeiture of the SARs under paragraph
9, the provisions of this paragraph 10 shall apply in addition to the provisions of Article 17 (and related provisions) of the
Plan.

 

(a)Any
Replacement Award made to the Participant shall provide that if the Participant is terminated by the Company other than for Cause
or voluntarily resigns for Good Reason (as defined in paragraph 11) concurrent with or within two (2) years after the date of the
Change in Control, the non-vested Replacement Award shall become immediately vested and shall be exercisable as provided in paragraph
7(b), at the time of the termination or resignation. The Committee shall have the discretion to determine the terms of any Replacement
Award in compliance with the Plan and applicable law. For purposes of paragraphs 9 and 11, references to the Company or an Affiliate
shall also include any successor entity.

 

    2 

     

    

  

(b)
 Notwithstanding the provisions of subparagraph (a) hereof, in connection with a Change in Control where the Company’s
shares continue to be traded on the Nasdaq Global Market or another established securities market and this SAR remains in effect,
if the Participant is terminated by the Company other than for Cause or voluntarily resigns for Good Reason (as defined in paragraph
11) concurrent with or within two (2) years after the date of the Change in Control, the non-vested SARs shall become immediately
vested and shall be exercisable as provided in paragraph 7(b), as of the time of the termination or resignation.

 

11.       Qualifying
Termination Event and Other Terms.

 

(a) For
purposes of this SAR, Qualifying Termination Event shall mean a Participant’s death, Disability, termination by the Company
or an Affiliate other than for Cause, or voluntary termination for Good Reason.

 

(b) “Disability”
shall mean a Participant’s permanent and total disability within the meaning of Section 22(e)(3) of the Code.

 

(c) If
the events described in subparagraph (a) or paragraph 10 occur after the date that the Participant is advised (upon recommendation
by the Committee) that his employment is being, or will be, terminated for Cause, on account of performance or in circumstances
that prevent him from being in good standing with the Company, accelerated vesting shall not occur and all rights under this SAR
shall terminate, and this SAR shall expire on the date of Participant’s termination of employment. The Committee shall have
the authority to determine whether Participant’s termination from employment is for Cause or for any reason other than Cause.

 

(d) “Good
Reason” means (1), (2) or (3), as determined by the Committee in its sole discretion without Participant’s written
consent: (1) a material and substantially adverse reduction in Participant’s title or job responsibilities compared with
Participant’s title or job responsibilities on the Date of Grant, (2) the Company’s requiring the office nearest to
Participant’s principal residence to be located at a place that is more than fifty (50) miles from where such office is currently
located, or (3) any material breach of an employment agreement by the Company. Notwithstanding the foregoing, Good Reason will
be deemed to exist only in the event that: (x) Participant gives written notice to the Company of his or her claim of Good Reason
and the specific grounds for the claim within ninety (90) days following the occurrence of the event upon which the claim rests,
(y) the Company fails to cure such breach within thirty days (30) of receiving such notice (“Cure Period”), and (z)
Participant gives written notice to the Company to terminate his or her employment within fifteen (15) days following the Cure
Period.

 

12.       Fractional
Shares. Fractional shares shall not be issuable hereunder, and when any provision
hereof may entitle Participant to a fractional share such fraction shall be disregarded.

 

13.       No
Right to Continued Employment. This SAR does not confer upon Participant any right
with respect to continuance of employment by the Company or an Affiliate, nor shall it interfere in any way with the right of the
Company or an Affiliate to terminate his employment at any time.

 

14.       Change
in Capital Structure. The terms of this SAR shall be adjusted as the Committee determines
is equitable in the event the Company effects one or more stock dividends, stock split-ups, subdivisions or consolidations of shares
or other similar changes in capitalization.

 

    3 

     

    

 

 

 

 

15.       
Governing Law. This SAR shall be governed by the laws of the State of Delaware
and applicable Federal law. All disputes arising under this SAR shall be adjudicated solely within the state or Federal courts
located within the State of Delaware.

 

16.       Conflicts.

 

(a)       In
the event of any conflict between the provisions of the Plan as in effect on the date hereof and the provisions of this SAR, the
provisions of the Plan shall govern. All references herein to the Plan shall mean the Plan as in effect on the date hereof.

 

(b)       In
the event of any conflict between the provisions of this SAR and the provisions of any separate Agreement between the Company and
the Participant, including, but not limited to, any Severance Compensation Agreement, the provisions of that separate Agreement
shall govern.

 

17.       
Binding Effect. Subject to the limitations set forth herein and in the Plan, this SAR shall be binding upon and inure
to the benefit of the legatees, distributees, and personal representatives of Participant and the successors of the Company. 

 

18.       
Taxes. Tax withholding requirements attributable to the exercise of
this SAR, including employment taxes, Federal income taxes, and state and local income
taxes with respect to the state and locality where, according to the Company's system of records, the Participant resides at the
time the SAR is exercised, except as otherwise might be determined to be required by the Company, will be satisfied by the Participant
as instructed in the established procedures for exercising this SAR; provided, however, that the foregoing employment,
Federal, state and local income tax withholding provision shall be subject to any special rules or provisions that may apply to
Participants who are non-US employees (working inside or outside of the United States) or US employees working outside of the United
States. It is the Participant's responsibility to properly report all income and remit all Federal, state, and local taxes that
may be due to the relevant taxing authorities as the result of exercising this SAR.

 

19.       Recoupment.
In addition to any other applicable provision of the Plan, this SAR is subject to the terms of any separate Clawback Policy maintained
by the Company, as such Policy may be amended from time to time.

 

20.       Acceptance.
Participant hereby acknowledges receipt of a copy of the Plan and this Agreement. Participant has read and understands the terms
and provisions thereof, and accepts the SAR subject to all of the terms and conditions of the Plan and this Agreement. The Participant
acknowledges that there may be adverse tax consequences upon exercise of the SARs or disposition of the underlying shares and that
the Participant should consult a tax advisor prior to such exercise or disposition.

    4 

     

    

 

 

 

IN WITNESS
WHEREOF, the Company and Participant have each caused this Notice of SAR Grant to be signed on their behalf.

 

	 	Cinedigm Corp.
	 	 	 
	 	By:	 
	 	 	 
	 	 	 
	 	 	Participant

 

 

    5

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