Document:

EX-10.12

Exhibit 10.12

AMENDMENT NO. 1

SENSIENT TECHNOLOGIES CORPORATION

2007 RESTRICTED STOCK PLAN

(as amended and restated on April 24, 2008)

     The following terms set forth an Amendment No. 1 to the Sensient Technologies Corporation (the
“Company”) 2007 Restricted Stock Plan, as amended and restated on April 24, 2008 (the “Plan”),
effective as of the date of adoption by the Company’s Board of Directors (the “Board”) as set forth
herein (the “Amendment”). All defined terms set forth in this Amendment shall have the meaning set
forth in the Plan.

     WHEREAS, the Plan was adopted by the Board of Directors and was approved by shareholders at
their annual meeting on April 26, 2007, and the Plan was amended and restated on April 24, 2008 to
permit the grant of restricted stock units; and

     WHEREAS, Section 12.1 of the Plan allows the Board to amend the Plan at any time, provided
that shareholder approval will be obtained if it is required under the Internal Revenue Code of
1986, as amended (the “Code”) and the guidance issued thereunder or under the listing requirements
of the Company’s principal securities exchange; and

     WHEREAS, the Board believes it is in the best interests of the Company to amend the Plan to
comply with the requirements of Section 409A of the Code and the guidance issued thereunder; and

     WHEREAS, such amendments are not prohibited by the Plan, such amendments do not constitute
material modifications under Section 162(m) of the Code or the applicable rules of the New York
Stock Exchange, and such amendments do not require shareholder approval; and

     NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
to this Amendment, intending to be legally bound, hereby agree as follows:

     1. Restricted Stock Units. The following sentence shall be inserted at the end of section 8.2
to read as follows:

“Any Restricted Stock Units granted to a Participant who is subject to U.S. tax with respect
to such Restricted Stock Units will be exempt from, or if not so exempt, comply with Section
409A of the Code and any guidance issued thereunder.”

     2. Taxes. A new section heading entitled “13.1 Withholdings and Deductions.” shall be
inserted immediately following “Section 13. Taxes.” and the current text shall follow the new
section heading.

 

 

     3. Section 409A of the Code. A new section heading entitled “12.2 Section 409A of the Code.”
shall be inserted at the end of Section 12, along with subparagraphs to read as follows:

“(a) It is intended that any Awards or other benefits granted to a Participant pursuant to
this Plan will be exempt from, or otherwise comply with, Section 409A of the Code and the
guidance issued thereunder (“Section 409A”) so as not to be subject to the additional tax
and interest under Section 409A of the Code (a “Section 409A Tax”). The provisions of this
Plan and any Awards or agreements thereunder will be interpreted and construed in favor of
complying with any applicable requirements of Section 409A necessary in order to avoid the
imposition of a Section 409A Tax. Notwithstanding the foregoing, the Company does not
guarantee the tax treatment of any Awards or other benefits, whether pursuant to the Code,
federal, state, local or foreign tax laws and regulations.

(b) If, at any time a Participant has in effect an Award or other benefit pursuant to this
Plan, the Participant is a “specified employee” (as defined under and determined in
accordance with Section 409A), the following provision shall apply. No Award or other
benefit considered deferred compensation under Section 409A that is payable upon the
Participant’s separation from service (as defined under and determined in accordance with
Section 409A) and not subject to an exception or exemption under Section 409A, shall be
delivered, paid or made available to the Participant until the business day that is at least
six (6) months following the Participant’s separation from service (except in the event of
the Participant’s death during such six-month period).

(c) Notwithstanding anything in this Plan to the contrary, any adjustment made with respect
to Awards pursuant to this Plan, including pursuant to Section 5.3 (Adjustments in
Capitalization), and Section 11.1 (Change of Control), shall be made only to the extent such
adjustment complies with, to the extent applicable, Section 409A and Section 424 of the
Code, including without limitation Treasury Regulation § 1.409A-1(b)(v)(D) and (H).”

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     IN WITNESS WHEREOF, the Company by action of the Board has executed this Amendment as of
October ___, 2008.

	 	 	 	 	 	 	 
	 	 	SENSIENT TECHNOLOGIES CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

3EX-10.1

Exhibit 10.1

	 	 	 
	 

	 	Managing Director
	 

	 	Employment Contract
	 

	 	Amendment No. 1

between

Hirschmann Industries GmbH,

- hereinafter referred to as the “Company” - 

and

Herrn Dr. Wolfgang Babel,

Lindenhof 19,

71263 Weil der Stadt

- hereinafter referred to as the “Managing Director” -

The parties hereby agree with effect as of 1 June 2008 the following
amendments to the managing director employment contract dated 5
September 2007 existing between them:

	1.	 	§ 1 paragraph 3, sentence 1
is hereby redrafted as follows:

The Managing Director shall take on the role of the President of
Belden Europe, Middle East and Africa (“EMEA”). Belden EMEA
includes the European, Middle East and African business of the
Belden Automation Division and the European, Middle East and
African business of Belden’s legacy wire and cable business. The
Automation business of Belden EMEA consists of the Hirschmann
Automation business line and the
Lumberg Automation business line, The wire and

 

 

cable business of Belden EMEA consists of the European wire and cable business of Belden,
including Belden Wire & Cable B.V.

	2.	 	§ 7.1 is hereby redrafted as follows:

As remuneration for his work, the Managing Director shall receive an annual gross salary in the
amount of EUR 345,000 (in words: three hundred and forty-five thousand Euros), which will be
paid in twelve equal monthly instalments on the last day of each month, after tax and social
security insurance contributions have been deducted.

	3.	 	All of the other provisions of the employment contract shall continue to apply unchanged.

	 	 	 	 	 	 	 
	/s/
Michael Buescher
 

Belden Europe B.V

	 	 
	 	/s/ Dr. Wolfgang Babel
 

Dr. Wolfgang BabelEX-10.1

Exhibit 10.1

Execution Copy

AMENDMENT TO EMPLOYMENT AGREEMENT

          This First Amendment to Employment Agreement (the “Amendment”) is effective as of
October 28, 2008, by and between MakeMusic, Inc. (“MakeMusic”), and John Paulson (“Executive”).
Capitalized terms used but not defined herein shall have the meanings as set forth in the
Employment Agreement (as defined below).

RECITALS:

A. Net4Music, which has been renamed and is now MakeMusic, Inc., and Executive are parties to a
certain Employment Agreement dated October 19, 2000 (the “Employment Agreement”).

B. MakeMusic and Executive wish to amend the Employment Agreement as set forth herein.

C. In consideration of the foregoing and the terms and conditions set forth below, MakeMusic and
Executive hereby agree as follows:

AGREEMENTS:

     1. Title. Section 2.01 of the Employment Agreement is hereby amended to provide that
effective as of December 6, 2007, MakeMusic employs Executive as Co-Chief Executive Officer.

     2. Duties. Section 2.02(a) of the Employment Agreement is hereby amended to specify that
Executive’s duties and responsibilities shall be determined by MakeMusic’s Board of Directors and
that any material change in Executive’s duties and responsibilities shall be subject to Executive’s
consent, which consent shall not be unreasonably withheld.

     3. Base Salary. The third sentence of Section 2.04 of the Employment Agreement is hereby
deleted in its entirety and replaced with the following: Future adjustments, if any, in annual base
salary will be as mutually agreed upon by the Executive and MakeMusic’s Board of Directors.

     4. Paid Time Off. Section 2.06 of the Employment Agreement is hereby amended to clarify that
Executive is entitled to five (5) weeks paid time off per calendar year and that such paid time off
shall be subject to MakeMusic’s paid time off policies as they may exist from time to time.

     5. Compensation Upon Termination of Executive’s Employment. Sections 3.02(d) and 3.02(e) of
the Employment Agreement are hereby deleted in their entirety and replaced with the following:

     (d) If termination occurs pursuant to subparagraph 3.01(f), Executive shall receive
cash payments equal to Executive’s annual base salary in effect at the time of
termination of employment. Such payments shall be paid to Executive monthly over the

 

 

course of a one-year period; provided, however, that notwithstanding anything in this
Agreement to the contrary, if any of the payments described in this Paragraph 3.02 are
subject to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended
(“Code Section 409A”) and MakeMusic determines that Executive is a “specified employee” as
defined in Code Section 409A as of the date of Executive’s termination of employment, such
payments shall not be paid or commence earlier than the first day of the seventh month
following the date of Executive’s termination of employment. As a condition to Executive’s
receipt of such payments, Executive shall be required to execute, return, comply with and
not rescind a full and final release of any and all claims in favor of MakeMusic. Such
release agreement shall be prepared by MakeMusic.

     (e) All payments made to Executive under this Paragraph 3.02 shall be reduced by
amounts (i) required to be withheld in accordance with federal, state and local laws and
regulations in effect at the time of payment, or (ii) owed to MakeMusic by Executive for any
amounts advanced, loaned or misappropriated. Such offset shall be made in the manner
permitted by and shall be subject to the limitations of all applicable laws, including but
not limited to Code Section 409A, and the regulations, notices and other guidance of general
applicability issued thereunder.

     6. Return of MakeMusic Property and Information. Sections 3.03 and 4.03 of the Employment
Agreement are hereby amended to clarify that Executive’s obligations under such Sections may be
triggered at any time upon MakeMusic’s request.

     7. Term. Section 10.05 of the Employment Agreement is hereby deleted in its entirety and
replaced with the following:

     10.05 Term. This Agreement shall be effective from October 19, 2000, to and
including October 18, 2001 at which time the Agreement and Executive’s employment with
MakeMusic will be automatically renewed for a consecutive one-year term, unless Executive’s
employment is terminated pursuant to Article III or the Parties have negotiated a new or
amended employment agreement or either Party has provided the other with written notice 90
calendar days prior to the expiration of the term.

     8. Survival of Provisions. Section 10.07 is hereby added to the Employment Agreement to
provide the following:

     10.07 Survival of Provisions. The Parties agree that Articles 4 — 10 of
this Agreement shall survive termination of this Agreement and termination of Executive’s
employment for any reason.

     9. Code Section 409A. Section 10.08 is hereby added to the Employment Agreement to provide the
following:

     10.08 Code Section 409A. Notwithstanding anything in this Agreement to the
contrary, MakeMusic expressly reserves the right to amend this Agreement without Executive’s
consent to the extent necessary to comply with Code Section 409A, as it may

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be amended from time to time, and the regulations, notices and other guidance of
general applicability issued thereunder.

     10. Full Force and Effect. Except as amended by this Amendment, all provisions of the
Employment Agreement continue in full force and effect.

     11. Counterparts. This Amendment may be executed in two or more counterparts, each of which
shall constitute an original but all of which, when taken together, shall constitute one and the
same Amendment.

[Signature Page Follows]

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          In Witness Whereof, the Parties have duly executed and delivered this First Amendment
to Employment Agreement effective as of the date first above written.

	 	 	 	 	 
	Executive:

 	 	 
	By:  	/s/ John Paulson
 	 	 
	 	Name:  	John Paulson 	 	 

	 	 	 	 	 
	Company:

MakeMusic, Inc.

 	 	 
	By:  	/s/ Michael Skinner
 	 	 
	 	Name:  	Michael Skinner 	 	 
	 	Title:  	Chairman of the Compensation Committee 	 	 
	 

[Signature Page to Amendment No. 1 to Paulson Employment Agreement]

S-1

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