Document:

Employment Agreement

 EXHIBIT 10.1 
  
 May 4, 2005 
  
 Mr. Robert A. Jefferies, Jr. 
 No. 1 Leggett Rd. 
 Carthage, MO 64836 
  

	 	Re:	Employment Agreement and Severance Benefits Agreement 

  
 Dear Bob: 
  
 You have indicated to Leggett & Platt, Incorporated (the “Company”) that you desire to retire as of May 4, 2005. The Company respects your decision and wishes you the best. The Company and you are
parties to an Employment Agreement, dated November 7, 1990, as amended on January 1, 1993 and a Severance Benefits Agreement, dated May 9, 1984. The term of the Employment Agreement is to expire on December 31, 2006. 
  
 You and the Company have agreed that the Severance Benefits Agreement and the
Employment Agreement shall terminate on May 4, 2005. All of the Company’s and your rights and obligations under the Employment Agreement and Severance Benefit Agreement shall thus terminate on May 4, 2005, except for (i) section 10 of the
Employment Agreement, and (ii) rights and obligations involving compensation and benefits to be paid or provided in accordance with the terms of the Company’s compensation and benefit plans (including payment of a pro-rated bonus for the period
January 1, 2005 through May 4, 2005 under Section 4.2 of the Employment Agreement.) 
  
 Rules of the Securities and Exchange Commission will require the Company to report the termination of the Employment Agreement and Severance Benefits Agreement and file a copy of this letter as an exhibit shortly
after May 4. 
  
 Please confirm your agreement with the foregoing
by signing and returning to me a copy of this letter. 
  

	
	Sincerely yours;
	Leggett & Platt, Incorporated
	
	 /s/ Felix E. Wright

	 Felix E. Wright

	 Chief Executive Officer

  

	
	Agreed:
	
	 /s/ Robert A. Jefferies, Jr.

	 Robert A. Jefferies, Jr.

  

 24Summary Sheet of Executive Cash Compensation

 EXHIBIT 10.3 
  
 SUMMARY SHEET OF EXECUTIVE CASH COMPENSATION 
  
 On March 31, 2005, the Compensation Committee of the Board of Directors (the “Committee”) of Leggett & Platt,
Incorporated reviewed executive officer compensation and approved base salary increases for the following Named Executive Officers (“NEOs”) effective April 3, 2005. The Committee made no changes to incentive, equity, or other
components of NEO compensation. This information is intended to update executive compensation amounts provided in Exhibit 10.10 to the Company’s Form 10-K filed February 28, 2005, and has previously been disclosed under Item 1.01 of Form 8-K
filed April 5, 2005. Robert A. Jefferies, Jr. retired from the Company May 4, 2005 and therefore is not included in the below table. 
  

											
	 Executive    

	  	Previous
Base Salary

	  	New
Base Salary

	 	 	% Increase

	 
	 Felix E. Wright
 Chairman of the Board and Chief Executive Officer
	  	$	816,000	  	$	842,520	1	 	3.25 	%
	 David S. Haffner
 President and Chief Operating Officer
	  	$	652,800	  	$	716,140	2	 	9.70 	%
	 Karl G. Glassman
 Executive Vice President and President – Residential Furnishings
	  	$	489,600	  	$	572,915	2	 	17.02 	%
	 Jack D. Crusa
 Senior Vice President – Specialized Products
	  	$	250,000	  	$	260,000	 	 	4.00 	%

	1	Under the terms of his employment agreement, Mr. Wright’s annual percentage increase must be at least equal to the percentage increases over the previous year
(to the extent not attributable to additional responsibilities) of the aggregate salaries of the five highest-paid executives other than himself. Mr. Wright waived this right. 

  

	2	Increases for David Haffner and Karl Glassman reflect further completion of planned management transition. 

  

 25CCC Senior Credit Facility as amended

 Exhibit 10.1 
  

  
 CALGON CARBON CORPORATION, 
 as Borrower 
  
 THE LENDING INSTITUTIONS NAMED HEREIN, 
 as Lenders 
  
 NATIONAL CITY BANK OF PENNSYLVANIA 
 as a Lender, the Swing Line Lender and 
 as Administrative Agent 
  

  
 AMENDMENT NO. 1 
 dated as of 
 March
    , 2005 
 to 
 CREDIT AGREEMENT 
 dated as of 
 February 18, 2004 
  

  

  

 AMENDMENT NO. 1 TO CREDIT AGREEMENT 
  
 THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of March     , 2005 (this
“Amendment”), among the following: 
  
 (i) CALGON CARBON CORPORATION, a Delaware corporation (herein, together with its successors and assigns, “Borrower”); 
  
 (ii) the lending institutions signatory hereto (herein, together with its or their successors and assigns,
each a “Lender” and collectively, the “Lenders”); and 
  
 (iii) NATIONAL CITY BANK OF PENNSYLVANIA, a national banking association, as a Lender, the Swing Line Lender, as the lead arranger
and book manager and as the Administrative Agent (in such capacity, the “Administrative Agent”). 
  
 PRELIMINARY STATEMENTS: 
  
 A. Borrower, the Lenders, the Swing Lender and the Administrative Agent entered into the Credit Agreement, dated as of February 18, 2004 (as the same may
from time to time be amended, restated, amended and restated or otherwise modified, the “Credit Agreement,” with the terms defined therein, or the definitions of which are incorporated therein, being used herein as so
defined). 
  
 B. The parties hereto desire to amend certain terms
and provisions of the Credit Agreement, as more fully set forth below. 
  
 NOW, THEREFORE, the parties hereby agree as follows: 
  
 1. AMENDMENTS. Effective on and as of the Amendment Effective Date (as defined in Section 4 of this Amendment): 
  
 1.1 Amended Definition. The definition of “Maturity Date” contained in Section 1.1 of the Credit Agreement shall be amended and restated
in its entirety to read as follows: 
  
 “Maturity Date” shall mean February 18, 2008 or such earlier date on which the Total Commitment is terminated. 
  
 1.2 Amended Section. Section 10.8 of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
  
 10.8 Ratio of Consolidated Total Debt to Consolidated
EBITDA. The Borrower will not at any time permit the ratio of (x) the amount of its Consolidated Total Debt at such time to (y) its Consolidated EBITDA for its Testing Period most recently ended to exceed 3.25 to 1.00. 
  

 1 

 2. REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to the Lenders, the Swing Line Lender
and the Administrative Agent as follows: 
  
 2.1 Authorization
and Validity of Amendment, etc. This Amendment has been duly authorized by all necessary corporate action on the part of Borrower, has been duly executed and delivered by a duly authorized officer of Borrower and constitutes the valid and
binding agreement of Borrower, enforceable against Borrower in accordance with its terms. 
  
 2.2 Representations and Warranties. The representations and warranties of Borrower contained in the Credit Agreement or in the other Credit Documents are true and correct in all material respects on and as of
the date hereof as though made on and as of the date hereof, except to the extent that such representations and warranties expressly relate to an earlier specified date, in which case such representations and warranties are hereby reaffirmed as true
and correct in all material respects as of the date when made. 
  
 2.3 No Event of Default. No condition or event has occurred or exists which constitutes or which, after notice or lapse of time or both, would constitute a Default or an Event of Default. 
  
 2.4 No Claims. Neither Borrower nor any Subsidiary has any claim or
offset against, or defense or counterclaim to, any of Borrower’s or any Subsidiary’s obligations or liabilities under the Credit Agreement or any other Credit Document. 
  
 2.5 Compliance. Borrower is in full compliance with all covenants and agreements contained in the Credit Agreement,
as amended hereby, and the other Credit Documents to which it is a party; and without limitation of the foregoing, each Subsidiary of Borrower which, as of the date hereof, is required to be a Subsidiary Guarantor, has on or prior to the date
hereof, become a Subsidiary Guarantor under the Subsidiary Guaranty. 
  
 3. RATIFICATIONS. Except as expressly modified and superseded by this Amendment, the terms and provisions of the Credit Agreement and each other Credit Document are ratified and confirmed and shall continue in full force and effect.

  
 4. EFFECTIVENESS. The Amendments shall become effective on the
date (the “Amendment Effective Date”) the following conditions shall have been satisfied: 
  
 (a) This Amendment shall have been executed by Borrower, the Lenders and the Administrative Agent, and counterparts hereof as so executed
shall have been delivered to the Administrative Agent; 
  
 (b) Borrower shall have caused the Subsidiary Guarantors to have executed, and shall deliver to the Administrative Agent, the Guarantor Acknowledgement attached hereto; and 
  
 (c) Borrower shall have paid to the Administrative Agent an amendment fee equal to Twenty Thousand Dollars
($20,000.00) for the benefit of the Lenders (other than NCB) and such other fees as may have been agreed to between the Borrower and the Administrative Agent. 
  

 2 

 Upon the satisfaction of the foregoing conditions precedent, this Amendment shall be binding upon and
inure to the benefit of Borrower, each Lender, the Swing Line Lender and the Administrative Agent and their respective permitted successors and assigns. After this Amendment becomes effective, the Administrative Agent shall furnish a copy of this
Amendment to each Lender and Borrower. 
  
 5.
MISCELLANEOUS. 
  
 5.1 Survival of Representations and
Warranties. All representations and warranties made in this Amendment shall survive the execution and delivery of this Amendment, and no investigation by the Administrative Agent or any Lender or any subsequent Loan shall affect the
representations and warranties or the right of the Administrative Agent or any Lender to rely upon them. 
  
 5.2 Reference to Credit Agreement. The Credit Agreement and any and all other agreements, instruments or documentation now or hereafter executed
and delivered pursuant to the terms of the Credit Agreement as amended hereby, are hereby amended so that any reference therein to the Credit Agreement shall mean a reference to the Credit Agreement as amended hereby. 
  
 5.3 Expenses. As provided in the Credit Agreement, but without
limiting any terms or provisions thereof, Borrower shall pay on demand all reasonable costs and expenses incurred by the Administrative Agent in connection with the preparation, negotiation, and execution of this Amendment, including, without
limitation, the reasonable costs and fees of the Administrative Agent’s special legal counsel, regardless of whether this Amendment becomes effective in accordance with the terms hereof, and all reasonable costs and expenses incurred by the
Administrative Agent or any Lender in connection with the enforcement or preservation of any rights under the Credit Agreement, as amended hereby. 
  
 5.4 Severability. Any term or provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair
or invalidate the remainder of this Amendment, and the effect thereof shall be confined to the term or provision so held to be invalid or unenforceable. 
  
 5.5 Applicable Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Pennsylvania, without regard to
principles of conflicts of laws. 
  
 5.6 Headings. The
headings, captions and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment. 
  
 5.7 Entire Agreement. This Amendment is specifically limited to the matters expressly set forth herein. This Amendment and all other instruments,
agreements and documentation executed and delivered in connection with this Amendment embody the final, entire agreement among the parties hereto with respect to the subject matter hereof and supersede any and all prior commitments, agreements,
representations and understandings, whether written or oral, relating to the matters covered by this Amendment, and may not be contradicted or varied by evidence of prior, contemporaneous or subsequent oral agreements or discussions of 

  

 3 

 
the parties hereto. There are no oral agreements among the parties hereto relating to the subject matter hereof or any other subject matter relating to the
Credit Agreement. 
  
 5.8 Counterparts. This Amendment may
be executed by the parties hereto separately in one or more counterparts and by facsimile signature, each of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same agreement.

  
 5.9 JURY TRIAL WAIVER. EACH OF THE PARTIES TO THIS
AMENDMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AMENDMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO
HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  
 [Signatures follow.] 
  

 4 

 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date first above
written. 
  

			
	 CALGON CARBON CORPORATION

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 NATIONAL CITY BANK OF
 PENNSYLVANIA, as a
Lender, the Swing
 Line Lender and as the Administrative Agent

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	 PNC BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	 FIFTH THIRD BANK

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

			
	 FLEET NATIONAL BANK

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 GUARANTOR ACKNOWLEDGMENT 
  
 Each of the undersigned (collectively, the “Subsidiary Guarantors” and, individually, each a
“Subsidiary Guarantor”) consents and agrees to and acknowledges the terms of the foregoing Amendment No. 1 to Credit Agreement, dated as of March     , 2005 (the
“Amendment”). Each Subsidiary Guarantor specifically acknowledges the terms of and consents to the waivers, including the jury trial waiver, set forth in the Amendment. Each Subsidiary Guarantor further agrees that its
obligations pursuant to the Subsidiary Guaranty that it executed in connection with the Credit Agreement shall remain in full force and effect and be unaffected hereby. 
  
 Each Subsidiary Guarantor hereby represents and warrants that there exists no claim or offset against, or defense or
counterclaim to, any of its obligations or liabilities under the Credit Agreement or any other Credit Document to which it is a party. 
  
 IN WITNESS WHEREOF, this Guarantor Acknowledgment has been duly executed and delivered as of the date of the Amendment. 
  

			
	 CALGON CARBON INVESTMENTS INC.

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 BSC COLUMBUS, LLC

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 CCC COLUMBUS, LLC

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 CCC DISTRIBUTION, LLC

		
	 By:
	 	 
	 Name:
	 	 
	 Title:

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