Agreement and Plan of Merger (2001)Full Document 

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                         AGREEMENT AND PLAN OF MERGER

                                  dated as of

                                  May 1, 2001

                                     among

                        SODEXHO MARRIOTT SERVICES, INC.

                            SODEXHO ALLIANCE, S.A.


                                      and

                             SMS ACQUISITION CORP.



                               TABLE OF CONTENTS
                               -----------------


                                                                         PAGE
                                                                         ----
                                   ARTICLE 1
                                  DEFINITIONS

SECTION 1.01.  Definitions............................................    1

                                   ARTICLE 2
                                   THE OFFER

SECTION 2.01.  The Offer..............................................    4
SECTION 2.02.  Company Action.........................................    6
SECTION 2.03.  Directors..............................................    7

                                   ARTICLE 3
                                  THE MERGER

SECTION 3.01.  The Merger.............................................    8
SECTION 3.02.  Conversion of Shares...................................    9
SECTION 3.03.  Surrender and Payment..................................    9
SECTION 3.04.  Dissenting Shares......................................   10
SECTION 3.05.  Stock Based Awards.....................................   11
SECTION 3.06.  Adjustments............................................   14
SECTION 3.07.  Withholding Rights.....................................   14
SECTION 3.08.  Lost Certificates......................................   14

                                   ARTICLE 4
                           THE SURVIVING CORPORATION

SECTION 4.01.  Certificate of Incorporation...........................   15
SECTION 4.02.  Bylaws ................................................   15
SECTION 4.03.  Directors and Officers.................................   15

                                   ARTICLE 5
                 REPRESENTATIONS AND WARRANTIES OF THE COMPANY

SECTION 5.01.  Corporate Existence and Power..........................   15
SECTION 5.02.  Corporate Authorization................................   16
SECTION 5.03.  Governmental Authorization.............................   16
SECTION 5.04.  Non-contravention......................................   16
SECTION 5.05.  Capitalization.........................................   17


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SECTION 5.06.  Material Subsidiaries..................................   18
SECTION 5.07.  SEC Filings............................................   18
SECTION 5.08.  Financial Statements...................................   19
SECTION 5.09.  Disclosure Documents...................................   19
SECTION 5.10.  Absence of Certain Changes.............................   20
SECTION 5.11.  Litigation.............................................   22
SECTION 5.12.  Finders' Fees..........................................   22
SECTION 5.13.  Taxes..................................................   22
SECTION 5.14.  Employee Benefit Plans.................................   23
SECTION 5.15.  Antitakeover Statutes and Rights Agreement.............   24

                                   ARTICLE 6
                   REPRESENTATIONS AND WARRANTIES OF PARENT

SECTION 6.01.  Corporate Existence and Power..........................   25
SECTION 6.02.  Corporate Authorization................................   25
SECTION 6.03.  Governmental Authorization.............................   25
SECTION 6.04.  Non-contravention......................................   26
SECTION 6.05.  Disclosure Documents...................................   26
SECTION 6.06.  Finders' Fees..........................................   27
SECTION 6.07.  Tax Sharing Agreement Matters..........................   27

                                   ARTICLE 7
                           COVENANTS OF THE COMPANY

SECTION 7.01.  Conduct of the Company.................................   27
SECTION 7.02.  Stockholder Meeting; Proxy Material....................   28
SECTION 7.03.  Access to Information..................................   28
SECTION 7.04.  No Solicitation; Other Offers..........................   29
SECTION 7.05.  Tax Matters............................................   31

                                   ARTICLE 8
                              COVENANTS OF PARENT

SECTION 8.01.  Obligations of Merger Subsidiary.......................   31
SECTION 8.02.  Voting of Shares.......................................   31
SECTION 8.03.  Director and Officer Liability.........................   31
SECTION 8.04.  Other Indemnification..................................   32



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                                   ARTICLE 9
                      COVENANTS OF PARENT AND THE COMPANY

SECTION 9.01.  Commercially Reasonable Efforts........................   33
SECTION 9.02.  Certain Filings........................................   33
SECTION 9.03.  Public Announcements...................................   33
SECTION 9.04.  Further Assurances.....................................   33
SECTION 9.05.  Merger Without Meeting of Stockholders.................   33
SECTION 9.06.  Notices of Certain Events..............................   34

                                  ARTICLE 10
                           CONDITIONS TO THE MERGER

SECTION 10.01.  Conditions to Obligations of Each Party...............   34
SECTION 10.02.  Conditions to the Obligations of Parent and
                Merger Subsidiary.....................................   34

                                  ARTICLE 11
                                  TERMINATION

SECTION 11.01.  Termination...........................................   35
SECTION 11.02.  Effect of Termination.................................   37

                                  ARTICLE 12
                                 MISCELLANEOUS

SECTION 12.01.  Notices...............................................   37
SECTION 12.02.  Non-Survival of Representations and Warranties........   38
SECTION 12.03.  Amendments; No Waivers................................   38
SECTION 12.04.  Expenses..............................................   39
SECTION 12.05.  Successors and Assigns................................   40
SECTION 12.06.  Governing Law.........................................   40
SECTION 12.07.  Jurisdiction..........................................   40
SECTION 12.08.  WAIVER OF JURY TRIAL..................................   40
SECTION 12.09.  Counterparts; Effectiveness; Benefit..................   40
SECTION 12.10.  Entire Agreement......................................   41
SECTION 12.11.  Captions..............................................   41
SECTION 12.12.  Severability..........................................   41
SECTION 12.13.  Specific Performance..................................   41



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                         AGREEMENT AND PLAN OF MERGER

  AGREEMENT AND PLAN OF MERGER dated as of May 1, 2001, among Sodexho
Marriott Services, Inc., a Delaware corporation (the "Company"), Sodexho
Alliance, S.A., a societe anonyme organized under the laws of the Republic of
France ("Parent"), and SMS Acquisition Corp., a Delaware corporation and a
wholly-owned subsidiary of Parent ("Merger Subsidiary").

  The parties hereto agree as follows:


                                   ARTICLE 1
                                  DEFINITIONS

  SECTION 1.01. Definitions. (a) The following terms, as used herein, have
the following meanings:

  "Affiliate" means, with respect to any Person, any other Person directly
or indirectly controlling, controlled by or under common control with such
Person.

  "Agreement" means this Agreement and Plan of Merger, as it may be amended
from time to time.

  "Business Day" means a day other than Saturday, Sunday or other day on
which commercial banks in New York, New York are authorized or required by law
to close.

  "Code" means the Internal Revenue Code of 1986.

  "Company 10-K" means the Company's annual report on Form 10-K for the
fiscal year ended September 1, 2000.

  "Deferred Share" means a deferred share (whether vested or unvested) under
any Deferred Share Agreement between the Company and an employee or former
employee of the Company or any of its Subsidiaries.

  "Delaware Law" means the General Corporation Law of the State of Delaware.

  "ERISA" means the Employee Retirement Income Security Act of 1974.


  "ERISA Affiliate" of any entity means any other entity that, together with
such entity, would be treated as a single employer under Section 414 of the
Code.

  "Excluded Arrangement" means any employment letter or agreement setting
forth the terms of employment or separation from employment for any non-officer

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