Document:

Amendment to Amended and Restated Rights Agreement

	
EXHIBIT 4.1

	 
	
AMENDMENT TO

AMENDED AND RESTATED RIGHTS AGREEMENT

	 
	
             THIS AMENDMENT NO. 4 TO THE AMENDED AND RESTATED RIGHTS AGREEMENT (this "Amendment"), is dated as of November 8, 2004, by and between Georgia-Pacific Corporation, a Georgia corporation (the "Company"), and EquiServe Trust Company, N.A. (formerly known as First Chicago Trust Company of New York), a Delaware corporation, as Rights Agent (the "Rights Agent").

	 
	
WITNESSETH:

	 
	
             WHEREAS, the Company and the Rights Agent are parties to an Amended and Restated Rights Agreement, dated as of December 16, 1997 (the "Amended Rights Agreement");

	 
	
             WHEREAS, the Company and the Rights Agent are parties to Amendment No. 1 to the Amended Rights Agreement, dated as of November 8, 1999 ("Amendment No. 1");

	 
	
             WHEREAS, the Company and the Rights Agent are parties to Amendment No. 2 to the Amended Rights Agreement, dated as of July 18, 2000 ("Amendment No. 2,");

	 
	
             WHEREAS, the Company and the Rights Agent are parties to Amendment No. 3 to the Amended Rights Agreement, dated as of September 26, 2001 ("Amendment No. 3,");

	 
	
             WHEREAS, the Amended Rights Agreement as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3 is hereinafter referred to as the "Rights Agreement"; and

	 
	
             WHEREAS, pursuant to Section 26 of the Rights Agreement, the Board of Directors of the Company previously determined that an amendment to the Rights Agreement as set forth herein was necessary and desirable to reflect certain matters set forth below, and the Company and the Rights Agent desire to evidence such amendment in writing.

	 
	
             NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties, intending to be legally bound, hereby agree as follows:

	 
	
             1.        Amendment of Section 7(a).  Section 7(a) of the Rights Agreement is hereby amended and supplemented by deleting "(i) the Close of Business on December 31, 2007 (the "Final Expiration Date") " and replacing it with the following:

	 
	
"(i) the Close of Business on May 3, 2005 (the "Final Expiration Date")"

	 
	
             2.        Effectiveness. This Amendment shall be deemed effective as of the date first written above, as if executed on such date.  Except as amended hereby, the Rights Agreement shall remain in full force and effect and shall be otherwise unaffected hereby.

 

	
             3.        Miscellaneous.  

	 
	
                        (a)       This Amendment shall be deemed to be a contract made under the laws of the State of Georgia 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.

	 
	
                        (b)       This Amendment may be executed in any number of counterparts, 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.  

	 
	
                        (c)       If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

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

	 
	 
	
	
GEORGIA PACIFIC CORPORATION

	
	

	
Attest:
	

	
	

	
/s/ DOUGLAS P. ROBERTO
	
By:
	
/s/ JAMES F. KELLEY

	
	
	
	
	

	
Name:  Douglas P. Roberto
	
	
Name:  James F. Kelley

	
Title:    Secretary
	
	
Title:    Executive Vice President and

                  General Counsel

	
	

	
	

	
	
EQUISERVE TRUST COMPANY, N.A.

	
	

	
Attest:
	

	
	

	
/s/ CHRISTOPHER T. COLEMAN
	
By:
	
/s/ THOMAS F. TIGHE

	
	
	
	
	

	
Name: Christopher T. Coleman
	
	
Name:  Thomas F. Tighe

	
Title:   Senior Account Manager
	
	
Title:    Managing Director

	

	

	

	

	

	

	

	

	

	

	
3Amendment dated as of October 1, 2004 to the Employment Agreement dated as of June 28, 2001 between C. Michael Jacobi and the Company

Exhibit 10.1

AMENDMENT NO. 2 TO

EMPLOYMENT AGREEMENT

This Amendment No. 2 (the “Amendment”) is effective as of October 1, 2004 by and between Katy Industries, Inc., a Delaware corporation (“Katy”), and C. Michael Jacobi (the “Executive”). Reference is made to the Employment Agreement (the “Employment Agreement”) by and between Katy and the Executive dated June 28, 2001. All terms defined in the Employment Agreement and not otherwise defined herein are used herein with the meanings so defined.

WITNESSETH

WHEREAS, Katy and the Executive wish to make certain amendments to the Employment Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

SECTION 1. AMENDMENT TO EMPLOYMENT AGREEMENT

1.1    Amendment to Section 5(a). Section 5(a) of the Employment Agreement shall be deleted in its entirety and replaced with the following:

“(a)    Termination other than for Cause or for Good Reason. If Executive’s employment is terminated by Katy other than for Cause or by Executive for Good Reason, Katy will pay Executive’s base salary for (i) one year, if such termination occurs other than as a result of a Change in Control, or (ii) two years, if such termination is a result of or within the six month period following a Change in Control.

 

For purposes of this section:

 

“Change in Control” shall mean (i) a sale of 100% of Katy’s outstanding capital stock, (ii) a sale of all or substantially all of Katy’s operating subsidiaries or assets or (iii) a transaction or transactions in which any third party acquires Katy stock in an amount greater than that held by Kohlberg & Co., L.L.C. (“Kohlberg”) and in which Kohlberg relinquishes control of the Board; and

 

“Cause” shall mean (i) Executive’s willful and repeated failure to comply with the reasonable and lawful directives of the Board; (ii) any criminal act or act of dishonesty, disloyalty, negligence, misconduct or moral turpitude by Executive that is materially injurious to the property, operations, business or reputation of Katy or any Subsidiary, or (iii) Executive’s material breach of any confidentiality or non-compete obligation, with Katy or any Subsidiary. A termination for “Cause” shall be determined by the Board.

“Good Reason” shall mean the relocation of Katy’s headquarters to a location more than fifty (50) miles from Middlebury, Connecticut.”

SECTION 2. MISCELLANEOUS

2.1    Continuing Effect. Except as expressly amended hereby, all of the terms and provisions of the Employment Agreement are and shall remain in full force and effect.

2.2    Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

2.3    Governing Law. This Amendment shall be governed by and construed in accordance with the domestic laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware.

[The remainder of this page is intentionally left blank.]

	
 

	 	 	 
	

	 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written.

 

	 	 	 
	 	
KATY INDUSTRIES, INC.

	 
 	 
 	 
 
	Katy: 	By:  	
	 	

Name:
	 	Title: 
	 	 
	 	 

	 	
	 
 	               
 	 
 
	
Executive:
	          	
	 	

C. Michael JacobiAmendment dated as of October 1, 2004 to the Letter Agreement dated as of September 1, 2001 between Amir Rosenthal and the Company

Exhibit 10.2

AMENDMENT NO. 1 TO

LETTER AGREEMENT

This Amendment No. 1 (the “Amendment”) is effective as of October 1, 2004 by and between Katy Industries, Inc., a Delaware corporation (“Katy”), and Amir Rosenthal (the “Employee”). Reference is made to the Letter Agreement (the “Letter Agreement”) by and between Katy and the Employee dated September 1, 2001. All terms defined in the Letter Agreement and not otherwise defined herein are used herein with the meanings so defined.

WITNESSETH

WHEREAS, Katy and the Employee wish to make certain amendments to the Letter Agreement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

SECTION 1. AMENDMENT TO LETTER AGREEMENT

1.1    Amendment to Section 9. Section 9 of the Employment Agreement shall be deleted in its entirety and replaced with the following:

	 	“9.	In the event that (a) your employment by Katy is terminated other than for “cause”, or (b) there is a Change of Control event after which (i) you are terminated other than for cause, (ii) Katy’s headquarters are relocated to a location more than fifty (50) miles from Middlebury, Connecticut, or (iii) there is a substantial change in your job responsibilities, Katy will continue to pay your regular base salary for a period of one year. For the purposes of the foregoing, “cause” shall mean (i) willful failure or neglect to perform your duties, provided you have been given notice of such failure or neglect and have been given 30 days to cure, (ii) the conviction of a felony, embezzlement or improper use of corporate funds by you, or (iii) self dealing detrimental to Katy or any attempt to obtain a personal profit from any transaction in which Katy has an interest.”

1.2  Section 10. A new Section 10 shall be inserted immediately following Section 9 of the Letter Agreement. This Section 10 shall read as follows:

“10.    The period of your employment under this Letter Agreement shall be from September 1, 2001 until terminated by Katy or you.”

SECTION 2. MISCELLANEOUS

2.1    Continuing Effect. Except as expressly amended hereby, all of the terms and provisions of the Letter Agreement are and shall remain in full force and effect.

2.2    Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

2.3    Governing Law. This Amendment shall be governed by and construed in accordance with the domestic laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware.

[The remainder of this page is intentionally left blank.]

	
 

	 	 	 
	

	 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written.

 

	 	 	 
	 	KATY INDUSTRIES, INC.
	 
 	 
 	 
 
	Katy:	By:  	
	 	

Name:
	 	Title: 

	 	 	 
	 
 	 
 	 
 
	Employee:  	         	
	 	

Amir Rosenthal

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