Document:

<PAGE>

                                                                    EXHIBIT 10.4

                              EMPLOYMENT AGREEMENT

         This Employment Agreement, (the "Agreement") by and between Presidion
Corporation, a Florida corporation, (the "Company"), and Brian Jarzynski
("Employee") is entered into and effective December 15, 2003 and supersedes any
other agreements or understandings, written or oral, between the Company and
Employee.

1.       Employment and Duties.

          (a)  Employee shall be employed as the Company's Chief Financial
               Officer. Employee's duties may be changed and modified by the
               Company's Board of Directors, and Employee shall report to the
               Company's Chief Executive Officer. Employee hereby accepts this
               employment upon the terms and conditions herein contained and,
               subject to paragraph 1 (c), agrees to devote his full-time,
               attention and efforts to promote and further the business of the
               Company.

          (b)  Employee shall faithfully adhere to, execute and fulfill all
               policies established by the Company.

          (c)  Unless agreed to in writing, Employee shall not, during the term
               of his employment, be engaged in any other business activity
               pursued for gain, profit or pecuniary advantage without the
               express consent of the Company's Chief Executive Officer. The
               foregoing limitations shall not be construed as prohibiting
               Employee from making personal investments in such form or manner
               as will neither require Employee's services in the operations or
               affairs of the enterprises in which such investments are made,
               nor violate the terms of paragraph 5.

2.       Compensation and Benefits. For all services rendered by Employee, the
Company shall compensate Employee as follows:

          (a)  Base Salary. A base salary of $165,000 per year, payable in
               accordance with the Company's normal pay practices.

          (b)  Benefits. Employee shall be entitled to receive benefits from the
               Company in such form and to such extent as specified below:

                  (i)      The Company shall pay for Employee and Employee's
                           dependent family members participation under health,
                           hospitalization, disability, dental, life, retirement
                           and other insurance plans that the Company may have
                           in effect from time to time, with benefits provided
                           to Employee to be at least equal to such benefits
                           provided to similarly situated Company executives.

                  (ii)     Reimbursement for all business travel and other
                           out-of-pocket expenses reasonably incurred by
                           Employee in the performance of Employee's services
                           pursuant to this Agreement. All reimbursable expenses
                           shall be

<PAGE>

                           appropriately documented in a manner consistent with
                           the Company's expense reporting policy.

                  (iii)    Vacation time consistent with that provided for
                           similarly situated Company executives.

                  (iv)     Bonuses are to be paid in accordance with those
                           established by the Board of Directors.

                  (v)      Employee shall be included in any Stock Option Plan
                           adopted for similarly situated Company executives.

                  (vi)     $900 per month for the use of an automobile of
                           Employee's choice. This reimbursement shall include
                           Employee's expense to lease or purchase the vehicle,
                           obtain insurance, and maintain and operate the
                           vehicle (i.e. gasoline, oil, maintenance and
                           repairs).

3.       Term and Termination. The term of this Agreement shall begin on the
date hereof and continue for two (2) years, (the "Term"). This Agreement and
Employee's employment may be terminated in any one of the following ways:

         (a)      Death. The death of Employee shall immediately terminate this
                  Agreement, and the Company will continue to provide the
                  Employee's Base Salary and benefits to the Employee's
                  designated beneficiaries for a period of sixty (60) days in
                  accordance with the Company's normal pay schedule.

         (b)      Disability. If Employee is unable to perform the duties
                  required by his position for six (6) consecutive weeks as a
                  result of a disability ("Disability Period") the Company may
                  terminate this employment at the end of said Disability
                  Period. Upon such termination at the end of the Disability
                  Period, the Company will continue to provide the Employee's
                  Base Salary and benefits to the Employee's designated
                  beneficiaries for a period of sixty (60) days in accordance
                  with the Company's normal pay schedule. For purposes of this
                  Agreement only, "Disability" shall mean that the Employee, as
                  a result of a physical or mental illness or injury, cannot
                  perform in the usual manner enough of the substantial and
                  material duties to be able to successfully continue in such
                  capacity. Employee shall submit to all reasonable requests for
                  physical and mental examinations by physicians of Company's
                  choosing. The Company shall have the sole discretion of
                  determining whether Employee is disabled for purposes of this
                  Agreement.

         (c)      Resignation. If Employee resigns or otherwise terminates his
                  employment, Employee shall receive no further compensation and
                  the Company will have no further obligation to make payments
                  or provide benefits unless otherwise required by law.

<PAGE>

         (d)      Good Cause. The Company may terminate this Agreement at any
                  time for "Good Cause", which shall include: (i) Employee
                  committing a material breach of this Agreement, (ii) fraud,
                  negligence or misconduct in the performance of his duties,
                  (iii) failure to adhere to any material written policy of the
                  Company, (iv) the misappropriation of Company funds or
                  property, or (v) the conviction, guilty plea, or plea of no
                  contest to any felony. In the event this Agreement is
                  terminated for Good Cause, Company shall continue to pay
                  Employee's Base Salary and benefits for sixty (60) days in
                  accordance with the Company's normal pay schedule.

         (e)      Change of Control. In the event of a "Change of Control" (as
                  defined below), the Employee may, at his option, terminate
                  this Agreement prior to the end of the term. The Employee must
                  exercise this option within one hundred eighty (180) days of
                  the Change of Control. If the Employee exercises this option,
                  he shall be paid a lump sum equal to twelve (12) months Base
                  Salary. If the Employee does not exercise such option, this
                  agreement shall remain in full force and subject to the same
                  conditions for the balance of its term. For purposes of this
                  Agreement a "Change of Control Event" means (1) Fifty-One
                  Percent (51%) or more of the voting stock is transferred to
                  any other party or parties other than the shareholders of
                  record at the time of this Agreement; (2) the Company
                  consolidates with, or merges with or into, another party (or
                  Parties), or sells, assigns, conveys, transfer, leases or
                  otherwise disposes of all or substantially all of its assets
                  to any party (or parties); (3) individuals who at the
                  beginning of this agreement constituted the ownership of the
                  Company and/or the Board of the Company cease for any reason
                  to constitute a majority ownership and/or a majority of the
                  Board of the Company then in office; (4) any liquidation or
                  dissolution of the Company; or (5) change in Employee's
                  position or the position to which Employee directly reports
                  for any reason other than promotion.

4.       Non Competition and Proprietary Information.

         (a)   Non-Competition. Employee will not, during the period of
               Employee's employment with the Company, and for a period of one
               (1) year immediately following the termination of Employee's
               employment under this Agreement, for any reason whatsoever,
               directly or indirectly, for Employee or on behalf of or in
               conjunction with any other person, persons, company, partnership,
               corporation or business of whatever nature:

                  (i)      engage as an officer, director, shareholder, owner,
                           partner, joint venturer, or in any other capacity,
                           whether as an employee, independent contractor,
                           consultant, advisor, or as a sales representative, in
                           any business offering any services or products in
                           competition with Company within the State of Michigan
                           and Florida (the "Territory");

                  (ii)     call upon any person within the Territory who is an
                           employee of the Company in a managerial capacity for
                           the purpose or with the intent of enticing such
                           employee away from employment with the Company;

<PAGE>

                  (iii)    call upon any person or entity which is, or which has
                           been, within one (1) year prior to that time, a
                           customer of the Company within the Territory for the
                           purpose of soliciting or selling products or services
                           in competition with Company; or

                  (iv)     call upon any prospective acquisition candidate, on
                           Employee's own behalf or on behalf of a competitor,
                           which candidate was, to Employee's knowledge, either
                           called upon by the Company or for which the Company
                           made an acquisition analysis, for the purpose of
                           acquiring such entity.

          (b)  Proprietary Information. Company is engaged in a highly
               competitive profession and substantially relies upon maintaining
               the confidentiality of its Proprietary information for the
               purpose of establishing and maintaining certain competitive
               advantages. This Proprietary Information includes, but is not
               limited to: names, addresses and contacts of clients and
               prospective clients, all information concerning Company's
               computer programs, software, processes, manuals, instructions,
               methods, management, financial affairs, purchasing, sales,
               marketing and business plans. As a condition of employment,
               Employee is obligated not to disclose or to use, except in his
               work for Company, any Proprietary Information. This obligation
               exists both during and after your employment and for so long as
               the information remains confidential.

5.       Return of Company Property. All records, business plans, financial
statements, manuals, memoranda, lists and other property delivered to or
complied by Employee by or on behalf of the Company or its representatives,
vendors or customers which pertain to the business of the Company shall be and
remain the property of the Company, and be subject at all times to its direction
and control. Likewise, all correspondence, reports, records, charts, advertising
materials and other similar data pertaining to the business, activities or
future plans of the Company held by Employee shall be delivered promptly to the
Company without request upon termination of Employee's employment.

6.       Complete Agreement. Employee has no oral representations,
understandings or agreements with the Company or any of its officers, directors
or representatives covering the subject matter of this Agreement. This written
Agreement is the final, complete and exclusive statement and expression of the
agreement between the parties and of all the terms of this Agreement, and it
cannot be varied, contradicted or supplemented by evidence of any prior or
contemporaneous oral or written agreements. This Agreement may not be later
modified except by a further writing signed by a duly authorized officer of the
Company and Employee, and no term of this Agreement may be waived except by a
writing signed by the party waving the benefit of such term.

7.       Severability, Headings. If any portion of this Agreement is held
invalid or in operative, the other portions of this Agreement shall be deemed
valid and operative and, so far as is possible, effect shall be given to the
intent manifested by the portion held invalid or inoperative. The paragraph
headings are for reference purposes only and are not intended in any way to
describe, interpret, define or limit the extent or intent of the Agreement or
nay part hereof.

<PAGE>

9.       Governing Law. This Agreement shall in all respects be construed
according to the laws of the State of Michigan.

Presidion Corporation                             Employee

                                                  /s/ Brian Jarzynski
-------------------------                         ------------------------
Craig A. Vanderburg                               Brian Jarzynski
President/CEOexv4wb

 

Exhibit 4(b)

EXECUTION COPY

DELHAIZE AMERICA, INC. (F/K/A FOOD LION, INC), as Issuer

FOOD LION, LLC, HANNAFORD BROS. CO., KASH N’ KARRY FOOD

STORES, INC., FL FOOD LION, INC., RISK MANAGEMENT SERVICES, INC., HANNBRO

COMPANY, MARTIN’S FOODS OF SOUTH BURLINGTON, INC., SHOP ‘N SAVE-MASS., INC.,

HANNAFORD PROCUREMENT CORP., BONEY WILSON & SONS, INC., J.H. HARVEY CO., LLC

AND HANNAFORD LICENSING CORP.

as Guarantors

AND

THE BANK OF NEW YORK

as Trustee

SECOND SUPPLEMENTAL INDENTURE

Dated May 12, 2004

$150,000,000 7.55% Notes due 2007

$150,000,000 8.05% Notes due 2027

 

 

SECOND SUPPLEMENTAL INDENTURE

     This SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”),
dated May 12, 2004, among Delhaize America, Inc.(f/k/a Food Lion, Inc.), a
North Carolina corporation (the “Company”), Food Lion, LLC, a North Carolina
limited liability company (“Food Lion”), Hannaford Bros. Co., a Maine
corporation (“Hannaford”), Kash n’ Karry Food Stores, Inc., a Delaware
corporation (“Kash n’ Karry”), FL Food Lion, Inc., a Florida corporation (“FL
Food Lion”), Risk Management Services, Inc., a North Carolina corporation
(“RMS”), Hannbro Company, a Maine corporation (“Hannbro”), Martin’s Foods of
South Burlington, Inc., a Vermont corporation (“Martin’s”), Shop ‘n Save-Mass.,
Inc., a Massachusetts corporation (“Shop ‘n Save”), Hannaford Procurement
Corp., a Maine corporation (“HPC”), Boney Wilson & Sons, Inc., a North Carolina
corporation (“Boney”), J. H. Harvey Co., LLC, a Georgia limited liability
company (“Harvey’s”), Hannaford Licensing Corp., a Maine corporation (“HLC”)
and The Bank of New York, a New York banking corporation, as trustee (the
“Trustee”).

     WHEREAS, the Company has previously executed and delivered to the Trustee
an indenture, dated as of August 15, 1991 (the “Indenture”), providing for the
issuance from time to time of one or more series of the Company’s securities;

     WHEREAS, the Company and the Trustee have previously executed a First
Supplemental Indenture to the Indenture, dated as of April 21, 1997 (the “First
Supplemental Indenture”), creating two series of securities of the Company: (i)
7.55% Notes due 2007 and (ii) 8.05% Notes due 2027 (the “Debt Securities”);

     WHEREAS, Section 10.01.B. of the Indenture provides that the Indenture may
be modified or amended to add such further covenants, restrictions, conditions
or provisions as the board of directors of the Company and the Trustee shall
consider to be for the protection of the Holders (as defined in the Indenture)
of all or any series of the Debt Securities;

     WHEREAS, each of Food Lion, Hannaford, Kash n’ Karry, FL Food Lion, RMS,
Hannbro, Martin’s, Shop ‘n Save, HPC, Boney, Harvey’s and HLC desires to become
a guarantor of the Debt Securities under the Indenture; and

     WHEREAS, all conditions precedent provided for in the Indenture relating
to this Second Supplemental Indenture have been complied with.

     NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH, the
Company, Food Lion, Hannaford, Kash n’ Karry, FL Food Lion, RMS, Hannbro,
Martin’s, Shop ‘n Save, HPC, Boney, Harvey’s, HLC and the Trustee agree as
follows for the benefit of each other and for the equal and ratable benefit of
the Holders of the Debt Securities:

ARTICLE I

     1.1. Additional Guarantors. Each of Food Lion, Hannaford, Kash n’ Karry,
FL Food Lion, RMS, Hannbro, Martin’s, Shop ‘n Save, HPC, Boney, Harvey’s and
HLC hereby agrees to fully and unconditionally and jointly and severally
guarantee the Debt Securities.

 

 

     1.2. Mutatis Mutandis Effect. The Indenture is hereby amended mutatis
mutandis to reflect the full and unconditional and joint and several guaranty
of the Debt Securities by each of Food Lion, Hannaford, Kash n’ Karry, FL Food
Lion, RMS, Hannbro, Martin’s, Shop ‘n Save, HPC, Boney, Harvey’s and HLC.

ARTICLE II

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

     2.2. Severability. In the event that any provision of this Second
Supplemental Indenture is held to be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

     2.3. Headings. The article and section headings herein are for
convenience only and shall not effect the construction hereof.

     2.4. Successors and Assigns. Any agreements in this Second Supplemental
Indenture by the Company, Food Lion, Hannaford, Kash n’ Karry, FL Food Lion,
RMS, Hannbro, Martin’s, Shop ‘n Save, HPC, Boney, Harvey’s and HLC shall bind
their successors and assigns, whether so expressed or not.

     2.5. Governing Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE DEEMED TO
BE A CONTRACT UNDER THE INTERNAL LAWS OF THE STATE OF NEW YORK AND FOR ALL
PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE.

     2.6. Effect of Second Supplemental Indenture. Except as amended by this
Second Supplemental Indenture, the terms and provisions of the Indenture shall
remain in full force and effect.

     2.7. Trustee. The Trustee accepts the modifications effected by this
Second Supplemental Indenture, but only upon the terms and conditions set forth
in the Indenture. Without limiting the generality of the foregoing, the
Trustee assumes no responsibility for the correctness of the recitals contained
herein, which shall be taken as the statements of the Company, Food Lion,
Hannaford, Kash n’ Karry, FL Food Lion, RMS, Hannbro, Martin’s, Shop ‘n Save,
HPC, Boney, Harvey’s and HLC, and the Trustee shall not be responsible or
accountable in any way whatsoever for or with respect to the validity,
execution or sufficiency of this Second Supplemental Indenture and the Trustee
makes no representation with respect thereto.

2

 

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

	 	 	 	 	 
	 	DELHAIZE AMERICA, INC.

 	 
	 	By:  	/S/ G. LINN EVANS
 	 
	 	 	Name:  	G. Linn Evans 	 
	 	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	FOOD LION, LLC

 	 
	 	By:  	/S/ G. LINN EVANS
 	 
	 	 	Name:  	G. Linn Evans 	 
	 	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	HANNAFORD BROS. CO.

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily Dickinson 	 
	 	 	Title:  	Senior Vice President 	 
	 

	 	 	 	 	 
	 	KASH N’ KARRY FOOD STORES, INC.

 	 
	 	By:  	/S/ G. LINN EVANS
 	 
	 	 	Name:  	G. Linn Evans 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	FL FOOD LION, INC.

 	 
	 	By:  	/S/ G. LINN EVANS
 	 
	 	 	Name:  	G. Linn Evans 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	RISK MANAGEMENT SERVICES, INC.

 	 
	 	By:  	/S/ G. LINN EVANS
 	 
	 	 	Name:  	G. Linn Evans 	 
	 	 	Title:  	Secretary and Treasurer 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HANNBRO COMPANY

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily D. Dickinson 	 
	 	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	MARTIN’S FOODS OF SOUTH BURLINGTON,

INC.

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily D. Dickinson 	 
	 	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	SHOP ‘N SAVE-MASS., INC.

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily D. Dickinson 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	HANNAFORD PROCUREMENT CORP.

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily D. Dickinson 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	BONEY WILSON & SONS, INC.

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily D. Dickinson 	 
	 	 	Title:  	Secretary 	 
	 

	 	 	 	 	 
	 	J.H. HARVEY CO., LLC

 	 
	 	By:  	/S/ G. LINN EVANS
 	 
	 	 	Name:  	G. Linn Evans 	 
	 	 	Title:  	Vice President and
Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HANNAFORD LICENSING

CORP.

 	 
	 	By:  	/S/ EMILY D. DICKINSON
 	 
	 	 	Name:  	Emily D. Dickinson 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK, as Trustee

 	 
	 	By:  	/S/ DOROTHY MILLER
 	 
	 	 	Name:  	Dorothy Miller 	 
	 	 	Title:  	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00066-of-00352.parquet"}]]