Document:

Exhibit 10.16

 

MERISANT COMPANY

 

2008 SUPPLEMENTAL INCENTIVE PLAN

 

Merisant Company, a corporation organized and
existing under the laws of the State of Delaware (the “Company”), hereby establishes and adopts
the following 2008 Supplemental Incentive Plan (the “Plan”) to provide incentive bonuses to certain executive
officers and other key employees of the Company and Subsidiaries of the
Company.

 

1.             PURPOSES OF THE PLAN

 

The purposes of the Plan are to provide incentive
and financial rewards to officers and other key employees of the Company and
its Subsidiaries who, because of the extent of their responsibilities, can make
significant contributions to the Company’s success by their ability, industry,
loyalty and exceptional services.  Making
the officers and key employees of the Company and its Subsidiaries participants
in that success will advance the interests of the Company and its stockholders
and will assist the Company and its Subsidiaries in attracting and retaining
such officers and key employees.

 

2.             DEFINITIONS

 

2.1          “Board” shall mean the board of directors
of the Company.

 

2.2          “Committee” shall mean the Compensation
Committee of the Board or any subcommittee thereof formed by the Compensation
Committee for the purpose of acting as the Committee hereunder.

 

2.3          “Eligible Participant” shall have the
meaning set forth in Section 3.1.

 

2.4          “Incentive
Statement” shall mean a letter or other correspondence
provided by the Company to a Participant that sets forth the Supplemental
Incentive Bonus or Supplemental Incentive Bonuses that shall be earned by a
Participant under the Plan upon the successful completion of the Performance
Criteria with respect to each such Supplemental Incentive Bonus.

 

2.5          “Participant” shall mean an Eligible
Participant who is selected by the Committee pursuant to Section 3.1 to
participate in this Plan with respect to a Performance Period.

 

2.6          “Performance
Criteria” shall mean the goals established by the Committee
in order for a Supplemental Incentive Bonus to be earned.

 

2.7          “Performance Period” shall mean the
Company’s fiscal year ended December 31, 2008 or such shorter period
during the Company’s fiscal year ended December 31, 2008 established by
the Committee in each case during which Performance Criteria must be met in order
for a Supplemental Incentive Bonus to be paid.

 

2.8          “Subsidiary” shall mean any corporation or
other entity (other than the Company) of which more than 50 percent of its
outstanding securities representing the right, other than as 

 

 

affected by events of default, to vote for the election of directors or
other managers of such corporation or other entity, is owned by such
corporation’s or other entity’s parent and/or one or more of the parent’s other
Subsidiaries.

 

2.9          “Supplemental  Incentive Bonus” shall mean an incentive
bonus that may be earned under this Plan upon the successful completion by a
Participant of the Performance Criteria set forth in an Incentive Statement
delivered by the Company to such Participant.

 

 

3.                                      ELIGIBILITY AND ADMINISTRATION

 

3.1.         Eligibility.  The individuals entitled to participate in
the Plan shall be any officer of the Company or any Subsidiary of the Company
and any other employee of the Company or any Subsidiary of the Company in each
case selected by the Committee to participate in the Plan (each, an “Eligible
Participant”).

 

3.2.         Administration.  (a) The Plan shall be administered by
the Committee.  The Committee shall have
full power and authority, subject to the provisions of the Plan and subject to
such orders or resolutions not inconsistent with the provisions of the Plan as
may from time to time be adopted by the Board, to: (i) select the
Participants to whom the opportunity to earn Supplemental Incentive Bonuses may
from time to time be offered hereunder; (ii) determine the terms and
conditions, not inconsistent with the provisions of the Plan, of each
Supplemental Incentive Bonus; (iii) determine the time when Supplemental
Incentive Bonuses will be offered and the Performance Period to which they
relate; (iv) affirm the Supplemental Incentive Bonus formula for each
Participant in respect of Performance Periods and certify as to the amount of
the Supplemental Incentive Bonus for each Participant in respect of Performance
Periods; (v) determine whether payment of Supplemental Incentive Bonuses
may be deferred by Participants; (vi) interpret and administer the Plan
and any instrument or agreement entered into or in connection with the Plan; (vii) correct
any defect, supply any omission or reconcile any inconsistency in the Plan or
any Incentive Statement in the manner and to the extent that the Committee
shall deem desirable to carry it into effect; (viii) establish such rules and
regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and (ix) make any other determination and take
any other action that the Committee deems necessary or desirable for
administration of the Plan.

 

(b)           Decisions
of the Committee shall be final, conclusive and binding on all persons or entities,
including the Company and any Participant. 
A majority of the members of the Committee may determine its actions and
fix the time and place of its meetings.

 

(c)           To
the extent not inconsistent with applicable law or the rules and
regulations of any national securities exchange on which the Company’s
securities are listed or qualified for trading, the Committee may delegate to
one or more officers of the Company or a committee of officers the authority to
take actions on its behalf pursuant to the Plan.

 

4.             AWARDS

 

4.1.         Performance Period.  (a)  The Committee shall, in writing,
designate one or more Performance Periods for such fiscal year, and shall (i) determine
the Participants for such 

 

2

 

Performance Period(s), and (ii) affirm the Supplemental Incentive
Bonus for each Participant for such Performance Period(s).

                 (b)  Unless otherwise
specified by the Committee, if an Eligible Participant is selected by the
Compensation Committee to be a Participant on a date that is after the date on
which the actions specified in paragraph (a) above have occurred with
respect to an applicable Performance Period, such Participant shall participate
on a pro rata basis with respect to such Performance Period based upon the
effective dates on which such Participant is selected.

 

4.2.         Certification.  As soon as reasonably practicable following
the conclusion of each Performance Period, the amount of Supplemental Incentive
Bonuses shall be reviewed and approved by the CEO.

 

4.3.         Payment of Supplemental
Incentive Bonuses.  The amount
of the award actually paid to a Participant shall be any amount equal to or
less than the Supplemental Incentive Bonus (including zero), as determined by
the Committee in its sole discretion.  The
actual amount of the award determined by the Committee for a Performance Period
shall, subject to any deferral permitted by the Committee in accordance with
the requirements of Section 409A of the Internal Revenue Code of 1986, as
amended, be paid in cash through the payroll service to each Participant at
such time as determined by the Committee in its sole discretion following the
end of the applicable Performance Period and not later than March 15,
2009.  Each Supplemental Incentive Bonus
shall be earned on the date of payment of such Supplemental Bonus.

 

4.4.         Forfeiture Upon Termination
of Employment.   If a
Participant’s employment is terminated by the Participant or by the Company or
any Subsidiary of the Company for any reason prior to the payment of the
Supplemental Incentive Bonus, the Supplemental Incentive Bonus shall be
forfeited unless otherwise agreed by the Committee, and neither this Plan nor
any other writing or statement of the Company or any of its duly authorized
representatives shall create any contractual or other right of any Participant
to receive any such Supplemental Incentive Bonus prior to the payment thereof
unless expressly approved by the Committee.

 

5.                                      MISCELLANEOUS

 

5.1.         Amendment
and Modification of the Plan.  The Board may, from time to time, alter,
amend or suspend the Plan as it shall deem advisable and may at any time
terminate the Plan.  Without limiting the
generality of the foregoing, the Board will terminate, confirm or amend the
Plan if one or more actions are taken or transactions completed that enables
the Company, any affiliate of the Company or successor of the Company to
provide Participants and other managers and employees of the Company with an
opportunity to acquire equity securities in the Company, an affiliate of the
Company or successor of the Company through the exercise of options, the
issuance of equity securities or otherwise or equity-based compensation.  A Participant shall have no recourse against
the Company, its Subsidiaries or any stockholder, director or officer of the
Company or of any of its Subsidiaries with respect to any amendment or
termination of the Plan.

 

5.2.         Tax
Withholding.  The Company
or any Subsidiary shall have the right to make all payments or distributions
pursuant to the Plan to a Participant, net of any applicable Federal, 

 

3

 

State and local taxes required to be paid or
withheld.  The Company or any Subsidiary
shall have the right to withhold from wages, Supplemental Incentive Bonuses or
other amounts otherwise payable to such Participant such withholding taxes, or
other deductions, as may be required by law, authorized by the Participant or
to otherwise require the Participant to pay such withholding taxes.  If the Participant shall fail to make such
tax payments as are required, the Company or any Subsidiary shall, to the
extent permitted by law, have the right to deduct any such taxes from any
payment of any kind otherwise due to such Participant or to take such other
action as may be necessary to satisfy such withholding or deduction
obligations.

 

5.3.         Right of
Discharge Reserved; Claims to Awards.  Nothing in the Plan nor the offer to earn a
Supplemental Incentive Bonus hereunder shall confer upon any Participant the
right to continue in the employment of the Company or any Subsidiary or affect
any right that the Company or any Subsidiary may have to terminate the
employment of (or to demote or to exclude from future awards under the Plan)
any such Participant at any time for any reason.  Except as specifically provided by the
Committee, the Company shall not be liable for the loss of existing or
potential profit from a Supplemental Incentive Bonus in the event of the
termination of employment of any Participant. 
No Participant shall have any claim to be offered the chance to earn a
Supplemental Incentive Bonus under the Plan, and there is no obligation for
uniformity of treatment of Participants under the Plan.

 

5.4.         Nature of
Payments.  All Supplemental Incentive Bonuses made pursuant
to the Plan are in consideration of services performed or to be performed for
the Company or any Subsidiary, division or business unit of the Company.  Any income or gain realized pursuant to a
Supplemental Incentive Bonus under the Plan constitute a special incentive
payment to the Participant and shall not be taken into account, to the extent
permissible under applicable law or the applicable employee benefits plans of
the Company or its Subsidiaries, as compensation for purposes of any of the employee
benefit plans of the Company or any Subsidiary except as may be determined by
the Committee or by the Board or board of directors of the applicable
Subsidiary.

 

5.5.         Other
Plans.  Nothing contained in the Plan
shall prevent the Board from adopting other or additional compensation
arrangements, subject to stockholder approval if such approval is required; and
such arrangements may be either generally applicable or applicable only in
specific cases.

 

5.6.         Severability.  If any provision of the Plan shall be held
unlawful or otherwise invalid or unenforceable in whole or in part by a court
of competent jurisdiction, such provision shall (a) be deemed limited to
the extent that such court of competent jurisdiction deems it lawful, valid
and/or enforceable and as so limited shall remain in full force and effect, and
(b) not affect any other provision of the Plan or part thereof, each of
which shall remain in full force and effect. 
If the making of any payment or the provision of any other benefit
required under the Plan shall be held unlawful or otherwise invalid or
unenforceable by a court of competent jurisdiction, such unlawfulness,
invalidity or unenforceability shall not prevent any other payment or benefit
from being made or provided under the Plan, and if the making of any payment in
full or the provision of any other benefit required under the Plan in full
would be unlawful or otherwise invalid or unenforceable, then such
unlawfulness, invalidity or unenforceability shall not prevent such payment or
benefit from being made or provided in part, 

 

4

 

to the extent that it would not be unlawful,
invalid or unenforceable, and the maximum payment or benefit that would not be
unlawful, invalid or unenforceable shall be made or provided under the Plan.

 

5.7.         Construction.  As used in the Plan, the words “include” and “including,” and variations thereof, shall not be deemed to
be terms of limitation, but rather shall be deemed to be followed by the words
“without limitation.”

 

5.8.         Unfunded
Status of the Plan.  The Plan is
intended to constitute an “unfunded” plan for incentive compensation and
deferred compensation if permitted by the Committee.  With respect to any payments not yet made to
a Participant by the Company, nothing contained herein shall give any such
Participant any rights that are greater than those of a general creditor of the
Company.

 

5.9.         Governing
Law.  The Plan and all
determinations made and actions taken thereunder, to the extent not otherwise
governed by the U.S. Internal Revenue Code of 1986, as amended from time to
time, or the laws of the United States, shall be governed by the laws of the
State of Delaware, without reference to principles of conflict of laws that
might result in the application of the laws of another jurisdiction, and shall
be construed accordingly.

 

5.10.       Effective
Date of Plan.  The Plan
shall be effective upon approval of the Board and  approval of the Performance Criteria by the
Committee.

 

5.11.       Captions.  The captions in the Plan are for convenience
of reference only, and are not intended to narrow, limit or affect the
substance or interpretation of the provisions contained herein.

 

*    *    *

 

5Exhibit 4.5

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of January 23, 2008

 

to

 

INDENTURE

 

Dated as of July 11, 2003

and amended and supplemented as of March 29, 2006

 

Among

 

MERISANT COMPANY

 

as Issuer,

 

MERISANT US, INC.,

 

MERISANT FOREIGN HOLDINGS I, INC.,

 

WHOLE EARTH SWEETENER COMPANY LLC,

 

as Guarantors,

 

and

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

(as successor to Wells Fargo Bank Minnesota,
National Association)

 

as Trustee

 

 

SECOND
SUPPLEMENTAL INDENTURE

 

SECOND SUPPLEMENTAL INDENTURE,
dated as of January 23, 2008 (this “Supplemental Indenture”), among
MERISANT COMPANY, a Delaware corporation (the “Company”), MERISANT US,
INC., a Delaware corporation and wholly owned subsidiary of the Company (“Merisant
US”), MERISANT FOREIGN HOLDINGS I, INC., a Delaware corporation and wholly
owned subsidiary of the Company (“Merisant Foreign Holdings”), WHOLE
EARTH SWEETENER COMPANY LLC, a Delaware limited liability company and wholly
owned subsidiary of the Company (“Whole Earth,” and together with
Merisant US and Merisant Foreign Holdings, the “Guarantors”), WHOLE
EARTH FOREIGN HOLDINGS LLC, a Delaware limited liability company and indirect, wholly
owned subsidiary of the Company (the “Additional Guarantor”), and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as successor to Wells Fargo Bank Minnesota,
National Association, as Trustee (the “Trustee”).

 

RECITALS

 

WHEREAS, the Company, the
Guarantors and the Trustee have heretofore executed and delivered an Indenture,
dated as of July 11, 2003, as amended and supplemented by the First
Supplemental Indenture, dated as of March 29, 2006 (as so amended and
supplemented, the “Indenture”), with respect to the 91⁄2% Senior
Subordinated Notes due 2013 (the “Notes”) of the Company;

 

WHEREAS, the Additional
Guarantor is, simultaneously herewith, entering into a Guarantee with respect
to certain Indebtedness of the Company;

 

WHEREAS, pursuant to Section 4.12
of the Indenture, the Company shall cause each Domestic Subsidiary that
Guarantees any Indebtedness of the Company to, at the same time, execute and
deliver to the Trustee a supplemental indenture pursuant to which such
subsidiary will Guarantee payment of the Notes on the same terms and conditions
as those set forth in the Indenture; and

 

WHEREAS, pursuant to Section 9.01
of the Indenture, the Trustee is authorized to execute and deliver this Supplemental
Indenture without the consent of any Holders of the Notes.

 

NOW, THEREFORE, in
consideration of the foregoing and other valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, each party agrees as follows
for the benefit of the other parties and for the equal and ratable benefit of
the Holders of the Notes.

 

1.             Capitalized
Terms.  Capitalized terms used herein
without definition shall have the meanings assigned to them in the Indenture.

 

2.             Additional
Guarantor.  Pursuant to Section 4.12
of the Indenture, the Additional Guarantor hereby unconditionally and
irrevocably guarantees to each Holder and to the Trustee and its successors and
assigns the full and punctual payment of principal of and interest on the Notes
when due, whether at maturity, by acceleration, by redemption or otherwise, and
all other Guaranteed Obligations of the Company under the Indenture and the 

 

 

Notes on the terms and subject to the conditions set
forth in the Indenture and agrees to be bound as a Guarantor under the
Indenture.

 

3.             Effectiveness.  This Supplemental Indenture shall take effect
as of the date hereof.

 

4.             Indenture
Ratified.  Except as herein expressly
provided, the Indenture is in all respects ratified and confirmed by the Company
and the Trustee and all the terms, provisions and conditions thereof are and
will remain in full force and effect.

 

5.             Execution by the
Trustee.  The Trustee shall not be
responsible in any manner whatsoever for, or in respect of the validity,
legality, or sufficiency of this Supplemental Indenture, or for, or in respect
of, the recitals contained herein, all of which recitals are made solely by the
Company and the Guarantors.

 

6.             Severability.  In case any one or more of the provisions in
this Supplemental Indenture shall be invalid, illegal or unenforceable, 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.

 

7.             Governing Law.  THIS SUPPLEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

8.             Multiple
Originals.  The parties may sign any
number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but
all of them together represent the same agreement.  One signed copy is enough to prove this Supplemental
Indenture.

 

9.             Headings.  The headings of the 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 provisions hereof.

 

[Signature page follows]

 

 

 

3

 

IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture
to be duly executed as of the date first written above.

 

	
   

  	
  MERISANT COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Diana
  Ferguson

  
	
   

  	
  Name: Diana Ferguson

  
	
   

  	
  Title: EVP, CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MERISANT US, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Diana
  Ferguson

  
	
   

  	
  Name: Diana Ferguson

  
	
   

  	
  Title: EVP, CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MERISANT FOREIGN HOLDINGS I, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Diana
  Ferguson

  
	
   

  	
  Name: Diana Ferguson

  
	
   

  	
  Title: EVP, CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WHOLE
  EARTH SWEETENER COMPANY LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Diana
  Ferguson

  
	
   

  	
  Name: Diana Ferguson

  
	
   

  	
  Title: EVP, CFO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  WHOLE
  EARTH FOREIGN HOLDINGS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Diana
  Ferguson

  
	
   

  	
  Name: Diana Ferguson

  
	
   

  	
  Title: VP, Finance

  

 

 

	
   

  	
  WELLS
  FARGO BANK, NATIONAL ASSOCIATION,

  
	
   

  	
  as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Lynn M.
  Steiner

  
	
   

  	
  Name: Lynn M. Steiner

  
	
   

  	
  Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]