Document:

Form of RONA Award Letter

 Exhibit 10.5 
 

 
 TO: [Name]  
 [Date]

 FY     NOTICE OF 
 RETURN ON NET ASSETS (“RONA”) BONUS AWARD 
 UNDER PERFORMANCE BONUS PLAN 

Dear                         : 
 On [date], the Human Resources and Compensation Committee of the Board of Directors ( “Committee”) of Parker-Hannifin Corporation
(“Company”) authorized the Company to make a RONA bonus award to you for fiscal year 20     (“FY    ”) under the Company’s Performance Bonus Plan (“Plan”). RONA
bonuses paid under the Plan are qualified as “performance-based compensation” for purposes of Section 162(m) of the Internal Revenue Code of 1986 and Section 1.162-27 of the Treasury Regulations. 
 Your RONA Bonus award is in the amount of
                     RONA Shares and is subject to the following terms and conditions: 
 1. Each RONA Share represents a percentage of your Base Pay earned during FY     (“RONA %”). 
 2. The RONA % is determined as follows: 
  

	 	a)	Earnings ÷ Average Assets = Return on Assets (ROA) 

  

	 	b)	If ROA is £ 35%: ROA x 0.1786 = RONA%

 —or— 
 if ROA is > 35%: 6.25% + ((ROA—35%) x 0.08928) = RONA% 
 where: 
 Earnings = the Company’s Segment Operating Income for FY    ; 
 Average Assets = the average of the Company’s RONA Assets at the beginning of FY     and at the end of each of the fiscal
quarters of FY    ; and 

 RONA Assets = inventory + accounts receivable + prepaid expenses + property, plant and equipment (net) +
goodwill + intangibles – trade accounts payable. 
 3. Your total RONA Bonus payout for FY     under this
award is determined as follows: 
 (Base Pay for FY     x RONA %) x # RONA Shares =
FY     RONA Bonus payout 
 4. Your RONA Bonus earned under this award will be paid after the end of
FY    . 
 5. If your employment with the Company is terminated for any reason other than retirement (at or after
age 60, or earlier with the consent of the Committee), death or long-term disability during FY    , you will forfeit your RONA Bonus award. 
 6. Your RONA Bonus will be paid to you either in cash or as a credit to your Executive Deferral Plan account (based on your election made in accordance with rules established by the Company) following the
Committee’s certification of the RONA% and payout amount at the end of FY    . The Committee retains the ability to reduce the RONA Bonus payout at its sole discretion. The amount of your RONA Bonus payout is also
subject to the limitations set forth in Section 5(c) of the Plan. 
 7. This award is subject to all terms, conditions and provisions of
the Plan to the extent not specifically addressed in this award. In the event of any conflict between the terms of the Plan and this award, the Plan will control. 
 Please acknowledge receipt of this award and indicate your agreement with its terms by signing and returning a copy to me as soon as possible. 
 Thomas A. Piraino, Jr. 
 Vice President, General Counsel And Secretary 
 Receipt Acknowledged and Agreed: 
  

							
	  
	 		 	Date:Form of 7.66% Senior Secured Note Due 2009

 EXHIBIT 4.1 
 STONEMOR OPERATING LLC 
 (AND OTHER ISSUERS) 
 7.66% SENIOR SECURED NOTE DUE 2009 
  

					
	No. RA-	 		 	New York, New York
	$                        	 		 	June 20, 2007
	PPN: 86185@ AA 2	 		 	

 STONEMOR OPERATING LLC, a Delaware limited liability company (the
“Company”) and each of the other undersigned, each a corporation, limited liability company or a limited partnership, as the case may be (collectively with the Company, the “Issuers”) for value received, hereby
jointly and severally promise to pay to ____________, or registered assigns, the principal sum of __________ DOLLARS ($____________) on September 20, 2009, with interest (computed on the basis of a 360- day year of twelve 30-day
months) (a) subject to clause (b) on the unpaid principal balance hereof from the date of this Note at the rate of 7.66% per annum, payable on March 20, June 20, September 20 and December 20 in each year,
until the principal amount hereof shall become due and payable, and (b) following the occurrence and during the continuance of an Event of Default (but only upon the request of the Required Holders), payable on demand on the unpaid prinicpal
balance hereof, and on any overdue premium, if any, and (to the extent permitted by applicable law) on any overdue payment of interest, at the rate per annum equal to the greater of (i) 9.66% or (ii) 2% over the rate of interest from time
to time publicly announced by Citibank, N.A. in New York, New York as its “prime” or “base” rate. Payments of principal, premium, if any, and interest hereon shall be made in lawful money of the United States of America at the
principal office of Citibank, N.A. or such other office or agency in New York, New York as designated by the Company. 
 This Note is one of
the 7.66% Senior Secured Notes due September 20, 2009 (herein called the “Note”) of the Issuers issued pursuant to that certain Amended and Restated Note Purchase Agreement dated as of August, 15, 2007 (as amended, restated,
supplemented or otherwise modified from time to time, the “Note Purchase Agreement”; unless defined herein, terms defined in the Note Purchase Agreement are to be defined herein as defined therein) entered into by the Issuers and
the institutional investors listed in Schedule A thereto, and is entitled to the benefits, and subject to the provisions of, the Note Purchase Agreement. This Note is secured by certain Security Documents referred to in the Note Purchase Agreement
and is entitled to the benefits of certain General Partner/Parent Guarantee from time to time delivered pursuant to the Note Purchase Agreement and to an Intercreditor Agreement entered into pursuant thereto. As provided in the Note Purchase
Agreement, this Note is subject to prepayment, in whole or in part, with or without a premium as specified in the Note Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer, accompanied by a written instrument of transfer duly executed by the registered holder hereof or such
holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Issuers may treat the person in
whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Issuers will not be affected by any notice to the contrary. 
 Under certain circumstances as specified in the Note Purchase Agreement, the principal of this Note may be declared due and payable in the manner and
with the effect provided in the Note Purchase Agreement. 
 Notwithstanding anything set forth in this Note each Controlled Non-Profit shall
be liable only for that portion of the Obligations from which it derives a direct benefit, and any Collateral of such Controlled Non-Profit shall only secure, or be utilized to repay, such portion of the Obligations. 
  

 1 

 This Note shall be governed by and construed in accordance with New York law, without regard to
principles of conflicts of laws. 
  

			
	STONEMOR OPERATING LLC, a Delaware limited liability company
		
	By:	 	 
	Name:	 	Paul Waimberg
	Title:	 	Vice President of Finance
	Alleghany Memorial Park LLC
	Alleghany Memorial Park Subsidiary, Inc.
	Altavista Memorial Park LLC
	Altavista Memorial Park Subsidiary, Inc.
	Arlington Development Company
	Augusta Memorial Park Perpetual Care Company
	Bedford County Memorial Park LLC
	Bedford County Memorial Park Subsidiary LLC
	Bethel Cemetery Association
	Beth Israel Cemetery Association of Woodbridge, New Jersey
	Birchlawn Burial Park LLC
	Birchlawn Burial Park Subsidiary, Inc.
	Blue Ridge Memorial Gardens LLC
	Blue Ridge Memorial Gardens Subsidiary LLC
	Butler County Memorial Park LLC
	Butler County Memorial Park Subsidiary, Inc.
	Cedar Hill Funeral Home, Inc.
	Cemetery Investments LLC
	Cemetery Investments Subsidiary, Inc.
	Cemetery Management Services, L.L.C.
	Cemetery Management Services of Mid-Atlantic States, L.L.C.
	Cemetery Management Services of Ohio, L.L.C.
	Cemetery Management Services of Pennsylvania, L.L.C.
	Chartiers Cemetery LLC
	Chartiers Cemetery Subsidiary LLC
	Clover Leaf Park Cemetery Association
	CMS West LLC
	CMS West Subsidiary LLC
	Columbia Memorial Park LLC
	Columbia Memorial Park Subsidiary, Inc.
	The Coraopolis Cemetery LLC
	The Coraopolis Cemetery Subsidiary LLC
	Cornerstone Family Insurance Services, Inc.
	Cornerstone Family Services of New Jersey, Inc.
	Cornerstone Family Services of West Virginia LLC
	Cornerstone Family Services of West Virginia Subsidiary, Inc.
		
	By:	 	 
	Paul Waimberg, as Vice President of Finance for each of the above-named Issuers

  

 2 

			
	Cornerstone Funeral and Cremation Services LLC
	Covenant Acquisition LLC
	Covenant Acquisition Subsidiary, Inc.
	Crown Hill Cemetery Association
	Eloise B. Kyper Funeral Home, Inc.
	Glen Haven Memorial Park LLC
	Glen Haven Memorial Park Subsidiary, Inc.
	Green Lawn Memorial Park LLC
	Green Lawn Memorial Park Subsidiary LLC
	Henlopen Memorial Park LLC
	Henlopen Memorial Park Subsidiary, Inc.
	Henry Memorial Park LLC
	Henry Memorial Park Subsidiary, Inc.
	J.V. Walker LLC
	J.V. Walker Subsidiary LLC
	Juniata Memorial Park LLC
	Juniata Memorial Park Subsidiary LLC
	KIRIS LLC
	KIRIS Subsidiary, Inc.
	Lakewood/Hamilton Cemetery LLC
	Lakewood/Hamilton Cemetery Subsidiary, Inc.
	Lakewood Memory Gardens South LLC
	Lakewood Memory Gardens South Subsidiary, Inc.
	Laurel Hill Memorial Park LLC
	Laurel Hill Memorial Park Subsidiary, Inc.
	Laurelwood Cemetery LLC
	Laurelwood Cemetery Subsidiary LLC
	Laurelwood Holding Company
	Legacy Estates, Inc.
	Locustwood Cemetery Association
	Loewen [Virginia] LLC
	Loewen [Virginia] Subsidiary, Inc.
	Lorraine Park Cemetery LLC
	Lorraine Park Cemetery Subsidiary, Inc.
	Melrose Land LLC
	Melrose Land Subsidiary LLC
	Modern Park Development LLC
	Modern Park Development Subsidiary, Inc.
	Morris Cemetery Perpetual Care Company
	Mount Lebanon Cemetery LLC
	Mount Lebanon Cemetery Subsidiary LLC
	Mt. Airy Cemetery LLC
	Mt. Airy Cemetery Subsidiary LLC
	Oak Hill Cemetery LLC
	Oak Hill Cemetery Subsidiary, Inc.
	Osiris Holding Finance Company
	Osiris Holding of Maryland LLC
	Osiris Holding of Maryland Subsidiary, Inc.
		
	By:	 	 
	Paul Waimberg, as Vice President of Finance for each of the above-named Issuers

  

 3 

			
	Osiris Holding of Pennsylvania LLC
	Osiris Holding of Pennsylvania Subsidiary LLC
	Osiris Holding of Rhode Island LLC
	Osiris Holding of Rhode Island Subsidiary, Inc.
	Osiris Management, Inc.
	Osiris Telemarketing Corp.
	Perpetual Gardens.Com, Inc.
	The Prospect Cemetery LLC
	The Prospect Cemetery Subsidiary LLC
	Prospect Hill Cemetery LLC
	Prospect Hill Cemetery Subsidiary LLC
	PVD Acquisitions LLC
	PVD Acquisitions Subsidiary, Inc.
	Riverside Cemetery LLC
	Riverside Cemetery Subsidiary LLC
	Riverview Memorial Gardens LLC
	Riverview Memorial Gardens Subsidiary LLC
	Rockbridge Memorial Gardens LLC
	Rockbridge Memorial Gardens Subsidiary Company
	Rolling Green Memorial Park LLC
	Rolling Green Memorial Park Subsidiary LLC
	Rose Lawn Cemeteries LLC
	Rose Lawn Cemeteries Subsidiary, Incorporated
	Roselawn Development LLC
	Roselawn Development Subsidiary Corporation
	Russell Memorial Cemetery LLC
	Russell Memorial Cemetery Subsidiary, Inc.
	Shenandoah Memorial Park LLC
	Shenandoah Memorial Park Subsidiary, Inc.
	Southern Memorial Sales LLC
	Southern Memorial Sales Subsidiary, Inc.
	Springhill Memory Gardens LLC
	Springhill Memory Gardens Subsidiary, Inc.
	Star City Memorial Sales LLC
	Star City Memorial Sales Subsidiary, Inc.
	Stephen R. Haky Funeral Home, Inc.
	Stitham LLC
	Stitham Subsidiary, Incorporated
	StoneMor Alabama LLC
	StoneMor Alabama Subsidiary, Inc.
	StoneMor Colorado LLC
	StoneMor Colorado Subsidiary LLC
	StoneMor Georgia LLC
	StoneMor Georgia Subsidiary, Inc.
	StoneMor Illinois LLC
	StoneMor Illinois Subsidiary LLC
	StoneMor Indiana LLC
	StoneMor Indiana Subsidiary LLC
		
	By:	 	 
	Paul Waimberg, as Vice President of Finance for each of the above-named Issuers

  

 4 

			
	StoneMor Kansas LLC
	StoneMor Kansas Subsidiary LLC
	StoneMor Kentucky LLC
	StoneMor Kentucky Subsidiary LLC
	StoneMor Michigan LLC
	StoneMor Michigan Subsidiary LLC
	StoneMor Missouri LLC
	StoneMor Missouri Subsidiary LLC
	StoneMor North Carolina LLC
	StoneMor North Carolina Funeral Services, Inc.
	StoneMor North Carolina Subsidiary LLC
	StoneMor Oregon LLC
	StoneMor Oregon Subsidiary LLC
	StoneMor Pennsylvania LLC
	StoneMor Pennsylvania Subsidiary LLC
	StoneMor Washington, Inc.
	StoneMor Washington Subsidiary LLC
	Sunset Memorial Gardens LLC
	Sunset Memorial Gardens Subsidiary, Inc.
	Sunset Memorial Park LLC
	Sunset Memorial Park Subsidiary, Inc.
	Temple Hill LLC
	Temple Hill Subsidiary Corporation
	Tioga County Memorial Gardens LLC
	Tioga County Memorial Gardens Subsidiary LLC
	Tri-County Memorial Gardens LLC
	Tri-County Memorial Gardens Subsidiary LLC
	Twin Hills Memorial Park and Mausoleum LLC
	Twin Hills Memorial Park and Mausoleum Subsidiary LLC
	The Valhalla Cemetery Company LLC
	The Valhalla Cemetery Subsidiary Corporation
	Virginia Memorial Service LLC
	 Virginia Memorial Service Subsidiary Corporation
 WNCI LLC

	W N C Subsidiary, Inc.
	Westminster Cemetery LLC
	Westminster Cemetery Subsidiary LLC
	Wicomico Memorial Parks LLC
	Wicomico Memorial Parks Subsidiary, Inc.
	Willowbrook Management Corp.
	Woodlawn Memorial Gardens LLC
	Woodlawn Memorial Gardens Subsidiary LLC
	Woodlawn Memorial Park LLC
	Woodlawn Memorial Park Subsidiary LLC
		
	By:	 	 
	Paul Waimberg, as Vice President of Finance for each of the above-named Issuers

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]