Agreement Pursuant to Section 1.6(q) of Recapitalization Agreement資本重組協(xié)議

-13-AgreementPursuanttoSection1.6(q)ofRecapitalizationAgreement資本重組協(xié)議核心提示：SECTION1.6(q)OFRECAPITALIZATIONAGREEMENTWHEREAS,AAACorporation,a_________(STATE)Corporation(theCompany),BBBInternational(BBB)andInternationalAssociationofCCC(theCCC)arepartiestoanAmendedandRestatedAgreementandPlanofSECTION1.6(q)OFRECAPITALIZATIONAGREEMENTWHEREAS,AAACorporation,a_________(STATE)Corporation(theCompany),BBBInternational(BBB)andInternationalAssociationofCCC(theCCC)arepartiestoanAmendedandRestatedAgreementandPlanofRecapitalizationdated_________(M/D/Y)(RecapitalizationAgreement);WHEREAS,thepartiestotheRecapitalizationAgreementhaverecognizedthatduetoincreasesinthepriceofthecommonstockoftheCompany,itisexpectedthattheClass1ESOPPreferredStocktobepurchasedbytheTrusteein_________(YEAR)andsubsequentyearsmay,unlessthenumberofsuchsharestobepurchasedareadjusted,causeallocationsundertheESOPtobeinanamountwhichwouldexceedthelimitationsofInternalRevenueCode(Code)Section415(c);andWHEREAS,Section1.6(q)oftheRecapitalizationAgreementprovidesthatthepartiesagreetocooperatetomodifythenumberofClass1ESOPPreferredSharestobesoldandtomakeappropriateconformingmodificationstotherelateddocumentstoavoidallocationsinexcessofthelimitationsofCodeSection415;andWHEREAS,thisagreement(Agreement)isenteredintopursuanttoSection1.6(q)oftheRecapitalizationAgreement.NOW,THEREFORE,theCompany,BBB,andtheCCCherebyagreeasfollows:1.UnlessotherwisedefinedinthisAgreement,capitalizedtermsusedinthisAgreementshallhavethemeaningsetforthintheRecapitalizationAgreement.2.ThepartiesheretorecognizethatinordertosatisfythelimitationsofCodeSection415,itwilllikelybenecessarytoreducethenumberofsharesofESOPPreferredpurchasedbytheTrusteein_________(YEAR)andsubsequentyears.ItistheintentofthepartiestosetforthinthisAgreementarevisedmethodofdeterminingthenumberofsharesofESOPPreferredtobeofferedtotheTrusteeforpurchasepursuanttoSection1.6(e)oftheRecapitalizationAgreement.ItistheintentofthepartiesheretothattotheextentthenumberofsharesofESOPPreferredarereducedunderthisAgreement,thereshallbeacorrespondingincreaseinthenumberofsharesofSupplementalESOPPreferred,withtheresultbeingthatthesumoftheESOPPreferredandSupplementalESOPPreferred,onbothanannualandcumulativebasis,willbeunchangedbythisAgreement.3.ThepurchasesofESOPPreferredexpectedtobemadebytheESOPTrusteein_________(year),_________(year),_________(year),and_________(year),shallbedeterminedasifSection1.6(e)oftheRecapitalizationAgreementprovidedasfollows:(e)Atorabout_________(M/D/Y),andatoraboutthenextthreefollowinganniversariesof_________(M/D/Y)(eachofthefour_________(M/D)datesaMeasuringDateAnniversary),theCompanyshallnegotiateingoodfaithwiththeESOPTrusteetoreachanagreementunderwhichtheCompanyshallissuetotheESOPTrusteesharesofESOPPreferredatanagreed-uponpricepershare(foreachapplicableplanyear,thePurchasePrice).Ifsuchagreementisreachedwithin_________daysofanyMeasuringDateAnniversary,then,withinfivedaysthereafter,theCompanyshallselltotheESOPTrustee,andtheESOPTrusteeshallpurchasefromtheCompany,pursuanttoanagreementsubstantiallyintheformofExhibitAtothisAgreement,anumberofsharesofESOPPreferred(withrespecttoeachsuchyear,theSubsequentShares),whichnumberofsharesshallequal,foreachsuchplanyear,theSubsequentYearReleaseShares(asdefined)dividedbytheSubsequentYearDecimal(asdefined).(i)ThetermSubsequentYearReleaseSharesshallmean,foreachsuchplanyear,theexcessof(xx)theproductof(A)12/69thsoftheFinalNumberand(B)theRevisedClass1Decimal(asdefinedbelow)over(yy)thenumberofYear1RemainingSharesandSubsequentYearRemainingShares(asdefinedbelow)(collectively,TailShares)scheduledtobereleasedinsuchplanyear.(ii)ThetermSubsequentYearDecimalshallbecalculatedseparatelyforeachsuchplanyearandshallmeanoneminustheproductof(yy)afraction(expressedasadecimal)havinganumeratorequaltotheDollarAmountandadenominatorequaltothePurchasePricefortheplanyearinquestion,and(zz)thenumberofyearsandfractionalyearsfromtheendoftheplanyearforwhichsuchsharesarebeingissuedto_________(M,D,Y).(iii)ThetermRevisedClass1Decimalshallmeanthefactor(nottoexceed.7815)whichisdeterminedbytheCompanynolaterthaneachMeasuringDateAnniversary.TheamountoftheRevisedClass1DecimalshallbetheamountwhichisreasonablyestimatedtoresultinthenumberofSubsequentYearReleaseShareswhich,whenaddedtotheTailSharesscheduledtobereleasedinsuchplanyear,willmaximizetheRevisedClass1Decimalconsistentwith(ww)satisfactionoftheprinciplessetforthinSection1.6(l),(xx)achievingahighdegreeofcertaintythatthelimitsofInternalRevenueCodeSection415(c)(6)shallnotbeexceeded,(yy)avoidinganallocationofcontributionswhichwouldcauseallmembersofanEmployeeGroup(asdefinedintheESOP)toexceedthelimitsofInternalRevenueCodeSection415(c),and(zz)limitingthepurchaseofESOPPreferredsothattherecanbeallocatedsufficientsharesofSupplementalESOPPreferredforeachEmployeeGrouptopermitappropriateallocationsintheSupplementalESOPtoindividualswhoseallocationsintheESOPreachedthelimitofCodeSection415(c).TheCompanyanditsadvisorsshall,priortoeachMeasuringDateAnniversary,presenttotheCommittee(asdefinedintheESOP)thecalculationoftheRevisedClass1Decimal,andtheCommitteeshallreviewsuchcalculationtoverifythattheRevisedClass1Decimalwascalculatedaccordingtothemethodologydescribedabove.Itistheunderstandingofthepartiesheretothatinmakingtheverificationreferredtointheprecedingsentence,themembersoftheCommitteeareactingonbehalfoftheBBB(inthecaseoftheCommitteemembersappointedbyBBB),theCCC(inthecaseoftheCommitteemembersappointedbytheCCC)andtheCompany(inthecaseoftheCommitteememberappointedbytheCompany),andarenotactingasfiduciaries.Inmakingsuchverification,themembersoftheCommitteeappointedbyBBBshall,actingasagroup,castasinglevote,themembersoftheCommitteeappointedbytheCCCshall,actingasagroup,castasinglevote,andthememberappointedbytheCompanyshallcastasinglevote.ThecalculationoftheRevisedClass1Decimalshallonlybeconsideredverifiedifallthreeofsuchvotesarecastinfavorofverification.IftheCommitteehasnotverifiedthecalculationoftheRevisedClass1DecimaldeterminedbytheCompanybyaMeasuringDateAnniversary,thentheRevisedClass1DecimalshallbedeterminedpursuanttotheprovisionsofthisAgreementotherthanSection1.6(e)(includingSection1.6(q),whichgenerallycontemplatesthattheCompany,theCCCandBBBwillcooperatetomodifytheClass1Decimal).ThepartiesagreethattheresultofthecalculationsdescribedaboveforeachplanyearmaybearangeofvaluesfortheRevisedClass1Decimal,includingbutnotlimitedtoavaluetobeapplicabletoeachpossiblePurchasePrice.TheSubsequentYearReleaseSharesforeachsuchplanyearshallbereleasedfromtheESOPsuspenseaccountandallocatedtotheaccountsofESOPparticipantsasoftheendofsuchplanyear;provided,however,thatbytheduedateforeachcontributionbytheCompanytobeusedbytheESOPTrusteeforloanrepayment,theCompanyshallinconsultationwithitsadvisers,makeareasonableestimateofthemaximumcontributionwhichcanbemadetoPartAoftheESOP(asdefinedintheESOP)consistentwith()satisfactionoftheprinciplessetforthinSection1.6(l),(xxx)achievingahighdegreeofcertaintythatthelimitsofInternalRevenueCodeSection415(c)(6)shallnotbeexceeded,(yyy)avoidinganallocationofcontributionswhichwouldcauseallmembersofanEmployeeGrouptoexceedthelimitsofInternalRevenueCodeSection415(c),and(zzz)limitingthepurchaseofESOPPreferredsothattherecanbeallocatedsufficientsharesofSupplementalESOPPreferredforeachEmployeeGrouptopermitappropriateallocationsintheSupplementalESOPtoindividualswhoseallocationsintheESOPreachedthelimitofCodeSection415(c).TheestimateoftheCompanyreferredtointheprecedingsentenceshallnotbemadebyreconsideringtheprinciplessetforthinclauses()through(zzz),butshallinsteadbemadebyusingthesamemethodologywhichwasusedbytheCompany(andverifiedbytheCommittee)forthedeterminationoftheRevisedClass1Decimal,andsuchmethodologyshallbeappliedbyusingsuchupdateddataasmaybereasonablyavailabletotheCompanypriortothedeterminationofthecontribution.ThebalanceoftheSubsequentSharesforsuchplanyear(theSubsequentYearRemainingShares)shallbereleasedfromtheESOPsuspenseaccountandallocatedtotheaccountsofESOPparticipantsinlevelinstallmentsforeachfullplanyear(andproratedforthequarterending_________(M,D.Y))remainingintheperiodfromtheJanuary1immediatelyfollowingsuchplanyearthrough_________(M,D.Y).Notwithstandingtheforegoing,if(aaa)pursuanttothisparagraph,theCompany’scontributionwasnotsufficienttocauseallSubsequentYearReleaseSharestobereleasedfromtheESOPsuspenseaccount,or(bbb)theCompany’scontributioncausedallmembersofanEmployeeGrouptoreachthelimitunderInternalRevenueCodeSection415(c),thuscausingthecreationofasuspenseaccountunderTreasuryRegulationSection1.415-6(b)(6)(iii),thentheSubsequentYearReleaseShareswhichwereno