Document:

Exhibit
10.1

 

SEPARATION
AGREEMENT

SALARY CONTINUATION SEVERANCE

 

EMPLOYEE NAME: Mark C. McBride

 

DATE AGREEMENT GIVEN TO EMPLOYEE: November 30,
2010

 

JOB TITLE: Chief Financial Officer

 

EFFECTIVE DATE OF TERMINATION: October 31,
2010

 

SALARY CONTINUATION: $16,346.16 per payroll
period

(Salary based on Employee’s annualized base pay rate immediately prior
to separation.)

 

AUTO ALLOWANCE CONTINUATION: $461.54 per
payroll period

(Auto Allowance is based on Employee’s participation level immediately
prior to separation.)

 

DURATION OF SALARY AND AUTO ALLOWANCE CONTINUATION: Through December 31,
2011 (“Salary Continuation Period”)

 

DURATION OF COBRA BENEFITS: Through December 31, 2011 (“COBRA
Continuation Period”)

 

This Separation Agreement between you, the Employee named above, and EnergySolutions,
LLC (“Company”), is effective as of the last day of your
employment with Company (the “Effective Date of Termination”). The Employee
agrees that the Company may rescind this Salary Continuation Offer if this
Separation Agreement is not signed and returned to the Company within thirty
(30) days after the Date Agreement Given to Employee.

 

SALARY CONTINUATION AND AUTO ALLOWANCE CONTINUATION

 

During the Salary Continuation Period, Company shall continue to pay
you the Salary Continuation and Auto Allowance Continuation amounts described
above (less all customary federal, state and local taxes, and other
withholdings). Payments will be made bi-weekly on the Company’s regular payroll
dates.

 

2010 BONUS PLAN

 

The Employee will participate in any bonus earned under the Company’s
2010 bonus program at a target rate of 80% of his annual salary. For the
purpose of calculating the Employee’s bonus, the Employee’s IBOs are considered
achieved and 30% of his target bonus earned. The remaining 70% of his target
bonus is dependent upon achievement of the EBITDA target for 2010.

 

 

COBRA

 

Any medical, dental, and vision benefits that you have in place at the
time your employment will continue through October 31, 2010. Thereafter,
you will be eligible to continue any health, dental, and vision benefits
elected by you prior to the Effective Date pursuant to COBRA. During the COBRA
Continuation Period, Company shall continue to pay the COBRA premiums (less the
employee premium consistent with the amount the employee contributed prior to
termination). You are responsible to elect coverage and will continue to pay
your portion of the benefit premiums. COBRA information will be sent to you
within two weeks of the Effective Date of Termination. Company’s payment of the
COBRA premium and administration charge shall cease on December 31, 2011.
You are responsible to pay if there is a change in benefit premiums during the
COBRA Continuation Period, which shall be the same cost of benefit premiums charged
to full-time employees of the Company.

 

STOCK OPTIONS/RESTRICTED STOCK

 

Employee’s unvested restricted stock grants and stock options shall be
forfeited in accordance with the 2007 Equity Incentive Plan.

 

COMPANY PROPERTY

 

All Company property issued to you or in your possession must be
returned to Company on or before the December 31, 2010. Company property
includes, but is not limited to, access cards, keys, computers, cellular
phones, databases, discs, client lists, books, credit cards, etc.

 

NON-COMPETE; NON-DISCLOSURE

 

During the course of your employment with Company, you have obtained
information or knowledge which is confidential or proprietary in nature
relating to Company’s business, operations, services, products or equipment.
You agree that for a period of one (1) year, you will not (i) disclose
or assist others in using or disclosing, any proprietary information or
proprietary documents, including but not limited to customer lists and vendor
and supplier lists, to compete or to assist others to compete, directly or
indirectly, with the business of Company; and (ii) solicit or otherwise
induce any officer, director, consultant or executive of Company to terminate
his/her employment with Company or hire or solicit any independent contractor
under contract with Company or encourage such independent contractor to
terminate such relationship.

 

GENERAL RELEASE

 

For and in consideration of the Salary Continuation Payment described
herein, the receipt and sufficiency of which you hereby acknowledged, on your
own behalf, and on behalf of your heirs and assigns, and all persons claiming
under you, you hereby fully and forever unconditionally release and discharge
Company, all of its affiliated and related

 

2

 

corporations, their predecessors, successors and assigns, together with
their divisions and departments, and all past or present officers, directors,
employees, insurers and agents of any of them (hereinafter referred to
collectively as “Releasees”), of and from, and you covenant not to sue or
assert against Releasees, for any purpose, all claims, administrative
complaints, demands, actions and causes of action, of every kind and nature
whatsoever, whether at law or in equity, and both negligent and intentional,
arising from or in any way related to your employment by Company, based in
whole or in part upon any act or omission occurring on or before the date of
this general release, without regard to your present actual knowledge of the
act or omission, which you may now have, or which you, or any person acting on
your behalf may at any future time have or claim to have, including
specifically, but not by way of limitation, matters which may arise at common
law or under federal, state or local laws, such as the Fair Labor Standards
Act, the Employee Retirement Income Security Act, the National Labor Relations
Act, Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act, the Older Workers Protection Act, the Rehabilitation Act of
1973, the Americans With Disabilities Act, and the Equal Pay Act. You warrant
that you have not assigned or transferred any right or claim described in this
general release. You expressly assume all risk that the facts and law
concerning this general release may be other than as presently known to you.
You acknowledge that, in signing this general release, you are not relying on
any information provided to you by Releasees or upon Releasees to provide
information not known to you.

 

THIS SECTION APPLIES ONLY TO EMPLOYEES 40 YEARS OF AGE AND OLDER

 

If you are 40 years of age
or older, you have twenty-one (21) calendar days in which to consider and
review this Separation Agreement prior to signing it. If you desire to
knowingly waive the twenty-one (21) calendar day review period prior to your
execution of this Separation Agreement, please initial:
.

 

Further, for a period of seven (7) calendar days following your
execution of this Separation Agreement, you may revoke this Separation
Agreement by providing notice of such revocation to Company. Any such notice
shall be given to Energy Solutions, Attn: Bob Antoine, by any of the following
means:

 

By US Mail: 423 West 300 South, Suite 200; Salt
Lake City, Utah 84101

 

Via facsimile: (801) 413-5681

 

Via email:     blantoine@energysolutions.com

 

Such notice, if given, must be actually received by Mr. Antoine
within seven (7) calendar days following your execution of this Separation
Agreement. You agree that if you exercise your revocation right, the respective
rights and obligations of the parties to this Separation Agreement will be
automatically void and you will immediately pay to Company, upon demand, any
and all payments made by Company to you hereunder.

 

3

 

ACKNOWLEDGMENT

 

You acknowledge that you have read this Separation Agreement,
understand its terms, and have had an opportunity to have answered to your
satisfaction any questions concerning the terms hereof. You execute this
Separation Agreement voluntarily and of your own free will and choice, after
having been advised to seek your own legal counsel, without threat, coercion or
duress, intending to be legally bound.

 

	
  EMPLOYEE:

  	
   

  	
  COMPANY:

  
	
   

  	
   

  	
   

  
	
  /s/ Mark C. McBride

  	
   

  	
  /s/ Robert L. Antoine

  
	
  Signature

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
  Mark C. McBride

  	
   

  	
  Robert L. Antoine, Jr

  
	
  Printed Name

  	
   

  	
  Printed Name

  
	
   

  	
   

  	
   

  
	
  5 Ravenwood Lane Sandy, UT 84092

  	
   

  	
  Sup - Human Resources

  
	
  Address

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
  December 1, 2010

  	
   

  	
  12-1-2010

  
	
  Date

  	
   

  	
  Date

  

 

4Exhibit 4.1

 

EXECUTION VERSION

 

 

SECOND SUPPLEMENTAL INDENTURE

Dated as of December 7, 2010

 

to the

 

INDENTURE

Dated as of August 1, 2006

 

Between

 

INTERNATIONAL LEASE FINANCE CORPORATION

 

and

 

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

 

 

 

This
SECOND SUPPLEMENTAL INDENTURE, dated as of December 7, 2010 (this “Supplemental
Indenture”) between International Lease Finance Corporation, a corporation
duly organized and existing under the laws of the State of California (herein
called the “Company”), and Deutsche Bank Trust Company Americas, a New
York banking corporation, as Trustee (herein called the “Trustee”).

 

RECITALS

 

WHEREAS,
the Company and the Trustee have heretofore executed and delivered an
indenture, dated as of August 1, 2006, as supplemented by the First
Supplemental Indenture, dated as of August 20, 2010 (as supplemented, the “Indenture”),
providing for the issuance from time to time of its debt securities (herein
called the “Securities”), to be issued in one or more series as provided
in the Indenture;

 

WHEREAS,
the Company has authorized the issuance of $1,000,000,000 aggregate principal
amount of Senior Notes due 2020 (the “2020 Notes”) pursuant to an
Officers’ Certificate under Section 301 of the Indenture;

 

WHEREAS,
Sections 901(4) and 901(5) of the Indenture provides that without the
consent of the Holders, the Company and the Trustee may add to, change or
eliminate any of the provisions of the Indenture in respect of one or more
series of Securities, subject to certain requirements;

 

WHEREAS,
pursuant to Sections 901(4) and 901(5) of the Indenture, the Company
and the Trustee wish to amend the Indenture solely with respect to certain
provisions of the 2020 Notes and no other series of Securities issued under the
Indenture; and

 

WHEREAS,
all conditions precedent provided for in Section 901 of the Indenture with
respect to the execution of this Supplemental Indenture have been complied
with.

 

NOW,
THEREFORE, in consideration of the foregoing, the Company and the Trustee agree
as follows:

 

1.              Definitions.  All capitalized terms used
herein and not defined shall have the meanings set forth in the Indenture.

 

2.              Amendment
of Section 506 of the Indenture.  The Indenture,
solely with respect to the 2020 Notes, is hereby supplemented by adding the
words “and property” after “Any money” in the first sentence of Section 506,
deleting the period at the end of Section 506, replacing such period with “;
and,” and adding the following:

 

“THIRD:
If any funds shall be left remaining, to the Company.”

 

3.              Amendment
of Section 704 of the Indenture.  The Indenture,
solely with respect to the 2020 Notes, is hereby supplemented by replacing the
introductory phrase to Section 

 

 

704(1) “deliver to the Trustee, within 15 days after the Company
files” with “deliver to the Trustee, within 15 days after the Company is
required to file,” and replacing the introductory phrase to Section 704(4) “furnish
to the Trustee, no less often than annually” with “furnish to the Trustee,
within 120 days of the end of each fiscal year of the Company”.

 

4.              Amendment
of Section 902 of the Indenture.  The Indenture,
solely with respect to the 2020 Notes, is hereby supplemented by adding to the
end of Section 902(2) “amend, change or modify any provision of this
Indenture affecting the ranking of any Outstanding Security in a manner adverse
to the Holders of each Outstanding Security affected thereby, or”.

 

5.              Ratification.  Except as hereby expressly
amended, the Indenture is in all respects ratified and confirmed and all the
terms, provisions and conditions thereof shall be and remain in full force and
effect.

 

6.              Conflict
with Trust Indenture Act.  If any
provision of this Supplemental Indenture limits, qualifies or conflicts with
another provision hereof which is required to be included in this Supplemental
Indenture by any of the provisions of the Trust Indenture Act or which is
automatically deemed included in this Supplemental Indenture by any of the
provisions of the Trust Indenture Act, such required or automatically included
provision shall control.

 

7.              Separability.  In case any provision in this Supplemental
Indenture shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby.

 

8.              Effect of
Headings.  The section
headings herein are for convenience only and shall not affect the construction
hereof.

 

9.              Benefits of
this Supplemental Indenture.  Nothing in this
Supplemental Indenture, express or implied, shall give to any Person, other
than the parties to the Supplemental Indenture and their successors hereunder
and the Holders, any benefit or any legal or equitable right, remedy or claim
under this Supplemental Indenture.

 

10.       Successors
and Assigns.  All covenants and agreements in this Supplemental Indenture by the
Company shall bind its successors and assigns, whether so expressed or not.

 

11.       Governing
Law.  This Supplemental Indenture
shall be governed by and construed in accordance with the laws of the State of
New York without regard to its conflict of law principles (except
Sections 5-1401 and 5-1402 of the New York General Obligations Law).

 

12.       Counterparts.  This Supplemental Indenture
may be executed in any number of counterparts, each of which so executed shall
be deemed to be an original, but all such counterparts shall together
constitute but one and the same Supplemental Indenture.

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to
be duly executed, and their respective corporate seals to be hereunto affixed
and attested, all as of the day and year first above written.

 

 

	
   

  	
  INTERNATIONAL
  LEASE FINANCE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frederick S. Cromer

  
	
   

  	
  Name:

  	
  Frederick S. Cromer

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:
  

  	
  /s/ Brian M. Monkarsh

  	
   

  
	
  Name:
  

  	
  Brian M. Monkarsh

  	
   

  
	
  Title:
  

  	
  Senior Vice President, General

  	
   

  
	
   

  	
  Counsel and Secretary

  	
   

  

 

 

	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY

  
	
   

  	
  AMERICAS,

  
	
   

  	
  as
  Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Kenneth R. Ring

  
	
   

  	
   

  	
  Name:

  	
  Kenneth R. Ring

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ David Contino

  
	
   

  	
   

  	
  Name:

  	
  David Contino

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /Kelvin
  Vargas

  	
   

  
	
  Name:

  	
  Kelvin
  Vargas

  	
   

  
	
  Title:

  	
  Account
  Administration

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