May 5, 1997 Morgan Stanley & Co. Incorporated Salomon Brothers Inc c/o Morgan Stanley & Co. Incorporated 1585 Broadway New York, New York 10036 Dear Sirs: The undersigned understands that Morgan Stanley & Co. Incorporated ("Morgan Stanley") and...
EXHIBIT 6
May 5, 1997
Xxxxxx Xxxxxxx & Co. Incorporated
Salomon Brothers Inc
c/o Morgan Xxxxxxx & Co. Incorporated
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Sirs:
The undersigned understands that Xxxxxx Xxxxxxx & Co. Incorporated ("Xxxxxx
Xxxxxxx") and Xxxxxxx Xxxxxxxx Inc ("Xxxxxxx Xxxxxxxx"), as Representatives of
the several Underwriters, propose to enter into an Underwriting Agreement (the
"Underwriting Agreement") with Textron Inc., a Delaware corporation (the
"Selling Stockholder") and Provident Companies, Inc., a Delaware corporation
(the "Company") providing for the public offering (the "Public Offering") by the
several Underwriters, including Xxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx (the
"Underwriters"), of 5,917,500 shares (the "Shares") of the Common Stock, $1.00
par value per share of the Company (the "Common Stock"). The number of shares of
Common Stock beneficially owned by the undersigned as of May 31, 1996, is as set
forth opposite his name on Schedule I to the Registration Rights Agreement,
dated May 31, 1996, between certain stockholders of the Company and the Company.
To induce the Underwriters that may participate in the Public Offering to
continue their efforts in connection with the Public Offering, the undersigned
hereby agrees that, without the prior written consent of Xxxxxx Xxxxxxx on
behalf of the Underwriters, it will not, during the period commencing on the
date hereof and ending 90 days after the date of the final prospectus relating
to the Public Offering (the "Prospectus"), (1) offer, pledge, sell, contract to
sell, sell any option or contract to purchase, purchase any option or contract
to sell, grant any option, right or warrant to purchase, or otherwise transfer
or dispose of, directly or indirectly, any shares of Common Stock or any
securities convertible into or exercisable or exchangeable for Common Stock
(provided that such shares or securities are either now owned by the undersigned
or are hereafter acquired prior to or in connection with the Public Offering),
or (2) enter into any swap or other arrangement that transfers to another, in
whole or in part, any of the economic consequences of ownership of such shares
of Common Stock, whether any such transaction described in clause (1) or (2)
above is to be settled by delivery of Common Stock or such other securities, in
cash or otherwise; provided, that the undersigned may dispose of any shares of
Common Stock or securities convertible into or exercisable for shares of Common
Stock (A) pursuant to a bona fide gift between or among family members or the
estate of the undersigned (including, without limitation, any transfer by the
undersigned to or among any trust, foundation, custodial or other similar
accounts or funds in which the undersigned or other member of his family serves
as trustee or custodian or in a similar fiduciary capacity or to a trust created
by the undersigned which has a member of his immediate family as a beneficiary)
and (B) pursuant to any transfer to any organization, which transfer qualifies
for the federal income tax charitable deduction at the time of such transfer;
provided further, that in the case of clauses (A) and (B)
Xxxxxx Xxxxxxx & Co. Incorporated -2-
Salomon Brothers Inc
above, the transferee is then bound by or agrees to be bound by the restrictions
described in this paragraph from the date of such transfer until the expiration
of the 90-day period described above. The foregoing sentence shall not apply to
the sale of any Shares to the Underwriters pursuant to the Underwriting
Agreement. In addition, the undersigned agrees that, without the prior written
consent of Xxxxxx Xxxxxxx on behalf of the Underwriters, it will not, during the
period commencing on the date hereof and ending 90 days after the date of the
Prospectus, make any demand for or exercise any right with respect to, the
registration of any shares of Common Stock or any security convertible into or
exercisable or exchangeable for Common Stock.
Whether or not the Public Offering actually occurs depends on a number of
factors, including market conditions. Any Public Offering will only be made
pursuant to an Underwriting Agreement, the terms of which are subject to
agreement between the Company and the Underwriters.
Very truly yours,
/s/Xxxx X. Xxxxxxxxx, Xx.
-------------------------
Xxxx X. Xxxxxxxxx, Xx.
/s/Xxxxxxxx X. Xxxxxxxxx
------------------------
Xxxxxxxx X. Xxxxxxxxx
/s/Xxxxxxxxx X. Xxxxxxx
-----------------------
Xxxxxxxxx X. Xxxxxxx
[Note: Certain signature pages not containing Xxx. Xxxxxxx'x signature have been
omitted from this filing.]
LUA-2
THE X.X. XXXXXXXXX TRUST FOR THE
X.X. XXXXXXXXX FAMILY (#2151)
By/s/Xxxxxxxx X. Xxxxxxxxx
-------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxxxx X. Xxxxxxxxx
------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx Xxxxxx, Xx.
-----------------------
Name: Xxxxxx Xxxxxx, Xx.
Title: Trustee
LUA-3
THE X.X. XXXXXXXXX TRUST FOR THE
X.X. XXXXXXXXX FAMILY TRUST
(#215109)
By/s/Xxxxxxxx X. Xxxxxxxxx
--------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxxxx X. Xxxxxxxxx
------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx Xxxxxx, Xx.
-----------------------
Name: Xxxxxx Xxxxxx, Xx.
Title: Trustee
LUA-4
THE X.X. XXXXXXXXX TRUST FOR THE
XXXX X. XXXXXXXXX, XX. FAMILY
(#2152)
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx X. XxXxxxxx, III
----------------------------
Name: Xxxxxx X. XxXxxxxx, III
Title: Trustee
LUA-5
THE X.X. XXXXXXXXX TRUST FOR THE
H.O. XXXXXXXXX, SR. FAMILY (#215209)
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx X. XxXxxxxx, III
----------------------------
Name: Xxxxxx X. XxXxxxxx, III
Title: Trustee
LUA-6
THE XXXX X. XXXXXXXXX TRUST FOR
THE X.X. XXXXXXXXX FAMILY (#2155)
By/s/Xxxxxxxx X. Xxxxxxxxx
--------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxxxx X. Xxxxxxxxx
------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx Xxxxxx, Xx.
-----------------------
Name: Xxxxxx Xxxxxx, Xx.
Title: Trustee
LUA-7
THE XXXX X. XXXXXXXXX TRUST FOR
THE X.X. XXXXXXXXX FAMILY (#215509)
By/s/Xxxxxxxx X. Xxxxxxxxx
--------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxxxx X. Xxxxxxxxx
------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx Xxxxxx, Xx.
-----------------------
Name: Xxxxxx Xxxxxx, Xx.
Title: Trustee
LUA-8
THE XXXX X. XXXXXXXXX TRUST FOR
THE XXXX X. XXXXXXXXX, XX. FAMILY
(#2156)
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx X. XxXxxxxx, III
----------------------------
Name: Xxxxxx X. XxXxxxxx, III
Title: Trustee
LUA-9
THE XXXX X. XXXXXXXXX TRUST FOR
THE H.O. XXXXXXXXX, SR. FAMILY
(#215609)
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
By/s/Xxxxxx X. XxXxxxxx, III
----------------------------
Name: Xxxxxx X. XxXxxxxx, III
Title: Trustee
LUA-10
THE X.X. XXXXXXXXX TRUST FOR THE
XXXXXXXXX FOUNDATION, INC. (#2150)
By/s/Xxxxxxxx X. Xxxxxxxxx
--------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/X.X. Xxxx, Xx.
-------------------
Name: X.X. Xxxx, Xx.
Title: President
By/s/Xxxxxx Xxxxxx, Xx.
-----------------------
Name: Xxxxxx Xxxxxx, Xx.
Title: Trustee
LUA-11
THE XXXXXXXXX FOUNDATION
By/s/Xxxxxxxx X. Xxxxxxxxx
--------------------------
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxx X. Xxxxx
-------------------
Name: Xxxxx X. Xxxxx
Title: Trustee
By/s/G. Xxxxxxx Xxxxxxxxx
-------------------------
Name: G. Xxxxxxx Xxxxxxxxx
Title: Trustee
By/s/Xxxxxx X. Xxxxxxxxx
------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxxxxx X. Blue
-------------------
Name: Xxxxxx X. Blue
Title: Trustee
By/s/A.S. (Xxx) MacMillan
-------------------------
Name: A.S. (Xxx) MacMillan
Title: Trustee
LUA-12
CHRISTIAN EDUCATION CHARITABLE
TRUST
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
THE XXXX AND XXXXXXXXX
XXXXXXXXX CHARITABLE TRUST
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxxxx X. Xxxxxxx
---------------------
Name: Xxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxxx X. Xxxxx
-------------------
Name: Xxxxx X. Xxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-14
ESTATE OF XXXX X. XXXXXXXXX, XX.
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Executor
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Executor
By/s/A.S. (Xxx) MacMillan
-------------------------
Name: A.S. (Xxx) MacMillan
Title: Executor
/s/Xxxx X. Xxxxxxxxx, Xx.
-------------------------
Xxxxxxxxx X. Xxxxxxxxx
By Xxxx X. Xxxxxxxxx, Xx.,
Attorney-in-fact
LUA-15
TRUST OF X.X. XXXXXXXXX DATED 6/2/52
FOR THE PRIMARY BENEFIT OF
XXXXXXXXX X. XXXXXXX
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By U.S. Trust Company of Florida,
Trustee
By/s/Xxxxxx E.N. Xxxxxx
-----------------------
Name: Xxxxxx E.N. Xxxxxx
Title: Regional Vice President
TRUST OF X.X. XXXXXXXXX DATED 6/2/52
FOR H.O. XXXXXXXXX, JR.
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
LUA-16
TRUST OF H.O. XXXXXXXXX, SR. FOR
THE BENEFIT OF GREAT
GRANDCHILDREN
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
LUA-23
CHARITABLE INCOME (LEAD) TRUST U/A
XXXX X. XXXXXXXXX, XX. DATED
12/31/76 FOR THE BENEFIT OF
XXXXXXXXXXX X. XXXXXXXXX
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-24
CHARITABLE INCOME (LEAD) TRUST U/A
H.O. XXXXXXXXX, SR. DATED 12/31/76
FOR THE BENEFIT OF XXXXXXXXX X.
XXXXXXXXX
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-25
CHARITABLE INCOME (LEAD) TRUST U/A
H.O. XXXXXXXXX, SR. DATED 12/31/76
FOR THE BENEFIT OF XXXXXX X.
XXXXXXXXX
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-26
CHARITABLE INCOME (LEAD) TR U/A
H.O. XXXXXXXXX, SR. DATED 12/31/76
FOR THE BENEFIT OF XXXXXXXXX
XXXXXXXXX
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-27
H.O. XXXXXXXXX SENIOR TRUST DATED
9/8/72 FOR THE BENEFIT OF XXXXXXX X.
XXXXXXX, XX.
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
H.O. XXXXXXXXX SENIOR TRUST DATED
9/8/72 FOR THE BENEFIT OF XXXXXX X.
XXXXXXX
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
LUA-28
CHARITABLE INCOME (LEAD) TRUST U/A
H.O. XXXXXXXXX SENIOR TRUST DATED
12/31/76 FOR THE BENEFIT OF
XXXXXXX X. XXXXXXX, XX.
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-29
CHARITABLE INCOME (LEAD) TRUST U/A
H.O. XXXXXXXXX SENIOR DATED 12/31/76
FOR THE BENEFIT OF XXXXXX
XXXXXXXXX XXXXXXX
By/s/Xxxx X. Xxxxxxxxx, Xx.
---------------------------
Name: Xxxx X. Xxxxxxxxx, Xx.
Title: Trustee
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxx X. Xxxxxxxx
--------------------
Name: Xxx X. Xxxxxxxx
Title: Trustee
By/s/Xxxx X. Xxxxxxx
--------------------
Name: Xxxx X. Xxxxxxx
Title: Trustee
LUA-30
TRUST U/A H.O. XXXXXXXXX SENIOR
DATED 12/9/48 FOR THE BENEFIT
OF XXXXXXXXX X. XXXXXXX
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By SunTrust Bank, Chattanooga N.A.,
Trustee
By/s/Xxxxxxx Xxxxxxx
--------------------
Name: Xxxxxxx Xxxxxxx
Title: V.P. & Sr. Trust Officer
XXXXXXXXX X. XXXXXXX AND XXXXXXX
X. XXXXXXX, XX. TRUSTEES FOR THE
BENEFIT OF XXXXXXX X. XXXXXXX, XX.
DATED 1/26/96
By/s/Xxxxxxxxx X. Xxxxxxx
-------------------------
Name: Xxxxxxxxx X. Xxxxxxx
Title: Trustee
By/s/Xxxxxxx X. Xxxxxxx, Xx.
----------------------------
Name: Xxxxxxx X. Xxxxxxx, Xx.
Title: Trustee
