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 | 2004 |
Employment Agreement
Employment Agreement (18K)
Doc #361352: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
THIS AGREEMENT dated this 12th day of July 2004 by and between TRIUMPH GROUP, INC., a Delaware corporation (the �Company�), and John B. Wright, II (�Executive�).
WITNESSETH:
WHEREAS, the Company wishes to assure itself of Executive�s employment by the Company during the period set forth herein; and
WHEREAS, Executive is willing to serve the Company during such period upon the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the . . .
361352
|
Triumph Group
As referenced in this Employment Agreement:
TRIUMPH GROUP, INC –
EX-10.16 2 a04-8752_1ex10d16.htm EX-10.16
Exhibit 10.16
EMPLOYMENT AGREEMENT
THIS AGREEMENT dated this 12th day of July 2004 by and between TRIUMPH GROUP, INC ., a Delaware corporation (the Company), and John B. Wright, II (Executive).
WITNESSETH:
WHEREAS, the Company wishes to assure itself of Executives employment by the Company during the period set
_____________
TRIUMPH GROUP, INC – the Company or its Successor of the terms of this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
TRIUMPH GROUP, INC .
By:
/s/ Richard C. Ill
Title:
President and CEO
Executive:
/s/ John B. Wright, II
John B. Wright, II
11
_____________
dt 1506012
| |
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| 2000 |
Employment Agreement
Employment Agreement (16K)
Doc #361397: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
THIS AGREEMENT dated this 1st day of August, 2000 by and between TRIUMPH
GROUP, INC., a Delaware corporation (the "Company"), and Lawrence J. Resnick
("Executive").
WITNESSETH:
WHEREAS, Executive has been elected Vice President of the Company and
WHEREAS, the Company wishes to assure itself of Executive's continued
employment by the Company during the period set forth herein; and
WHEREAS, Executive is willing to serve the Company during such period upon
the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises in the mutual agreements
herein contained, the Company and Executive hereby agree as follows:
(i) TERMS OF EMPLOYMENT. The Company hereby agrees to employ Executive, and
Executive agrees to be employed by the Company, for a term commencing on August
1, 2000 (the "Effective Date") and ending on July 31, 2003 (such term being
hereinafter referred to as the "Period of Employment"), subject to earlier
termination as provided in Section 6 hereof.
2. DUTIES AND RESPONSIBILITIES. During the Period of Employment, Executive
shall serve as Vice President of the Company and devote substantially all of his
time and effort during normal business hours (reasonable sick leave and
vacations excepted) to the business and affairs of the Company. The Executive
shall report to the Chief Executive Officer of the Company, and shall have such
duties, responsibilities and authority as are delegated to him by the
{PAGE}
Chief Executive Officer. The Executive's primary place of employment during
the Period of Employment shall be Wayne, Pennsylvania, unless changed with the
Executive's consent.
3. SALARY. During the Period of Employment, the Company shall pay the
Executive, in periodic installments on the same basis as other senior salaried
executives of the Company, a base salary of $220,000 per annum. (the "Base
Salary"), subject to such increases during the Period of Employment as shall be
approved by the Board of Directors of the Company (which increases, when so
approved, to thereafter constitute Executive's Base Salary for purposes of this
Agreement).
4. INCENTIVE COMPENSATION. In addition to the Base Salary provided in
Section 3 hereof the Company shall pay to Executive, at such times as such
payments are made to other senior salaried executives of the Company and its
subsidiaries (hereinafter referred to as the "Group"), such incentive payments
as shall be approved from time to time by the Board of Directors of the Company
or shall be due Executive pursuant to the terms of incentive compensation plans
approved by the Board of Directors of the Company, subject to such deferral
arrangements as are provided in the Group's Supplemental Executive Retirement
Plan effective April 1, 1994 (the "Supplemental Retirement Plan") or otherwise
approved by the Board of Directors. The Executive's objectives under such plans
shall be set forth in writing annually by the Board of Directors or a duty
authorized committee thereof.
5. ADDITIONAL BENEFITS AND PERQUISITES.
(a) EMPLOYEE BENEFIT PLANS. During the Period of Employment, Executive
shall be entitled to participate on substantially the same basis as other senior
salaried executives of the Group in all employee benefit plans maintained in
361397
|
Triumph Group
As referenced in this Employment Agreement:
TRIUMPH
GROUP, INC – DOCUMENT}
{TYPE}EX-10.32
{SEQUENCE}3
{FILENAME}a2030208zex-10_32.txt
{DESCRIPTION}EMPLOYMENT AGREEMENT
{TEXT}
{PAGE}
EMPLOYMENT AGREEMENT
THIS AGREEMENT dated this 1st day of August, 2000 by and between TRIUMPH
GROUP, INC ., a Delaware corporation (the "Company"), and Lawrence J. Resnick
("Executive").
WITNESSETH:
WHEREAS, Executive has been elected Vice President of the Company and
WHEREAS, the Company wishes to assure itself
_____________
TRIUMPH GROUP, INC – construed in
accordance with the laws of the Commonwealth of Pennsylvania.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.
TRIUMPH GROUP, INC .
By: /s/ Richard C. Ill
-------------------------
Richard C. Ill
Title: President & Ceo
-------------------------
Executive: /s/ Lawrence J. Resnick
-------------------------
{/TEXT}
{/DOCUMENT}
_____________
dt 1506024
;
| Lawrence J. Resnick
|
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| 2004 |
Employment Agreement
Employment Agreement (3K)
Doc #361403: Click preview link for longer preview.
361403
|
TIMCO Aviation
As referenced in this Employment Agreement:
TIMCO AVIATION SERVICES, INC – THIS AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT (Amendment No. 2) is entered into this 23rd day of November, 2004, effective as of December 1, 2004 (Effective Date), by and between TIMCO AVIATION SERVICES, INC ., a Delaware corporation (Company), and ROY T. RIMMER, JR. (Employee)
Preliminary Statements
A. The parties have previously entered into that certain Employment Agreement dated March 20, 2002, as amended
_____________
TIMCO AVIATION SERVICES, INC – hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment No. 2, effective as of the Effective Date set forth above.
TIMCO AVIATION SERVICES, INC ., a
Delaware corporation
By:
/s/ Gil West
Gil West
President and Chief Operating Officer
EMPLOYEE:
/s/ Roy T. Rimmer, Jr.
Roy T. Rimmer, Jr.
_____________
dt 1318203
| |
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| 2004 |
Employment Agreement [Amendment No. 1]
Employment Agreement [Amendment No. 1] (3K)
Doc #361411: Click preview link for longer preview.
AMENDMENT NO. 1 TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT ("Amendment") is entered
into as of the 17th day of July, 2003, by and between TIMCO AVIATION SERVICES,
INC., a Delaware corporation ("Company"), and ROY T. RIMMER, JR. ("Employee")
PRELIMINARY STATEMENTS
A. The parties have previously entered into that certain Employment
Agreement dated March 20, 2002 (the "Agreement"). Unless otherwise defined,
capitalized terms used herein shall have the meanings given to them in the
Agreement.
B. The parties wish to amend the Agreement to reflect the terms set
forth below.
AGREEMENT
NOW, THEREFORE, in consideration of the premises, the mutual covenants
set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
361411
|
TIMCO Aviation
As referenced in this Employment Agreement [Amendment No. 1]:
TIMCO AVIATION SERVICES,
INC – 10.106
AMENDMENT NO. 1 TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT ("Amendment") is entered
into as of the 17th day of July, 2003, by and between TIMCO AVIATION SERVICES,
INC ., a Delaware corporation ("Company"), and ROY T. RIMMER, JR. ("Employee")
PRELIMINARY STATEMENTS
A. The parties have previously entered into that certain Employment
Agreement dated March 20, 2002 (the "Agreement").
_____________
TIMCO AVIATION SERVICES, INC – Agreement shall remain in full force
and effect.
[Signatures on Next Page]
{PAGE}
IN WITNESS WHEREOF, the parties have executed this Agreement effective
as of the date first above written.
TIMCO AVIATION SERVICES, INC ., a
Delaware corporation
By: /s/ C. Robert Campbell
--------------------------------
C. Robert Campbell
Executive Vice President and CFO
EMPLOYEE:
/s/ Roy T. Rimmer, Jr.
------------------------------------
ROY T. RIMMER, JR.
{/TEXT}
{/DOCUMENT}
_____________
dt 1318204
;
| Roy T. Rimmer, Jr.
|
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| 2004 |
Employment Agreement [Amended and Restated]
Employment Agreement [Amended and Restated] (23K)
Doc #361412: Click preview link for longer preview.
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement") is entered
into as of January 1, 2004 ("Effective Date") by and between TIMCO AVIATION
SERVICES, INC. ("TIMCO"), a Delaware corporation, and DON MITACEK (the
"Employee").
RECITALS
TIMCO'S subsidiary, Triad International Maintenance Corporation, currently
employs Employee pursuant to that certain Employment Agreement, dated effective
as of September 12, 2001 (the "Old Agreement");
TIMCO wishes to amend and restate the Old Agreement and to employ the Employee
on the terms and conditions set forth in this Agreement.
In consideration of the mutual representations, warranties, covenants and
agreements contained in this Agreement, the parties hereto agree as follows:
1. Agreement to Supercede Old Agreement. This Agreement shall supercede
the Old Agreement, which shall be of no further force and effect.
2. Employment
(a) Employment. TIMCO agrees to employ the Employee as Senior Vice
President of Airframe Maintenance. Employee agrees to accept such employment and
serve in such position, on the terms and subject to the conditions of this
Agreement.
(b) Employment Period. The period during which the Employee shall serve
as an employee of TIMCO under this Agreement shall commence on the Effective
Date, and unless earlier terminated pursuant to this Agreement or extended
through agreement of the parties, shall expire on December 31, 2006 (the period
for which the Employee is an employee of TIMCO is hereinafter referred to as the
"Employment Period").
(c) Duties and Responsibilities. During the Employment Period, the
Employee shall have such authority and responsibility and perform such duties as
may be assigned to him from time to time at the direction of the Chief Operating
Officer of TIMCO, or, if no Chief Operating Officer is then serving, by the
Chief Executive Officer of TIMCO, and in the absence of such assignment, such
duties customary to Employee's office as are necessary to the business and
operations of TIMCO and its affiliates. During the Employment Period, the
Employee's employment shall be full time and the Employee shall perform his
duties honestly, diligently, competently, in good faith and in the best
interests of TIMCO and shall use his best efforts to promote the interests of
TIMCO and shall refer to TIMCO opportunities in the aerospace industry that have
been referred to Employee.
{PAGE}
3. Compensation and Benefits.
(a) Base Salary. In consideration for the Employee's services hereunder
and the restrictive covenants contained herein, the Employee shall be paid an
annual base salary of $225,000 (the "Salary"), payable in accordance with the
Company's customary payroll practices. Notwithstanding the foregoing, Employee's
annual Salary may be increased at any time and from time to time to levels
greater than the level set forth in the preceding sentence at the sole
discretion of the Compensation Committee of the Board of Directors of TIMCO
("Committee") to reflect merit or other increases.
(b) Bonus. In addition to the Salary, the Employee shall be eligible to
receive an annual bonus ("Bonus") equal to 65% of the Employee's Base Salary.
The Bonus shall be based on the achievement of corporate goals and objectives as
established by the Committee after consultation with the management of TIMCO.
The achievement of said goals and objectives shall be determined by the
Committee. With respect to any Fiscal Year during which the Employee is employed
by the Company for less than the entire Fiscal Year, the Bonus shall be prorated
for the period during which the Employee was so employed. The Bonus shall be
payable within thirty (30) days after the completion of the financial statements
for the particular Fiscal Year as to which the Bonus relates. The term "Fiscal
Year" as used herein shall mean each period of twelve (12) calendar months
commencing on January 1st of each calendar year during the Employment Period and
expiring on December 31st of such year.
(c) Retention Bonus. In consideration for Employee entering into the
Agreement, and in addition to the other compensation and benefits payable
hereunder, Employee shall receive a retention bonus (the "Retention Bonus") in
the amount of $75,000, $25,000 of which shall be paid on the Effective Date,
$25,000 of which shall be paid on January 1, 2005 (so long as Employee has not
been terminated for Cause or voluntarily resigned from his employment with TIMCO
as of such date), and $25,000 of which shall be paid on January 1, 2006 (so long
as Employee has not been terminated for Cause or voluntarily resigned from his
employment with TIMCO as of such date).
(d) Remainder of Signing Bonus due under Old Agreement. Under the Old
361412
|
TIMCO Aviation
As referenced in this Employment Agreement [Amended and Restated]:
TIMCO AVIATION
SERVICES, INC – TEXT}
{PAGE}
EXHIBIT 10.107
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement") is entered
into as of January 1, 2004 ("Effective Date") by and between TIMCO AVIATION
SERVICES, INC . ("TIMCO"), a Delaware corporation, and DON MITACEK (the
"Employee").
RECITALS
TIMCO'S subsidiary, Triad International Maintenance Corporation, currently
employs Employee pursuant to that certain Employment Agreement, dated effective
as
_____________
TIMCO AVIATION SERVICES, INC – in the interpretation of this Agreement.
[SIGNATURES ON NEXT PAGE]
7
{PAGE}
SIGNATURE PAGE
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.
TIMCO AVIATION SERVICES, INC .
By: /s/ Gil West
--------------
Name: Gil West
Title: President
EMPLOYEE:
/s/ Don Mitacek
--------------------
Name: Don Mitacek
Address for Notices:
------------------------
------------------------
------------------------
Fax:
--------------------
8
{/TEXT}
{/DOCUMENT}
_____________
dt 1318205
;
| Don Mitacek
|
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Employment Agreement
Employment Agreement (35K)
Doc #361437: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT ("Agreement"), dated as of the 20th day of
March, 2002, by and between TIMCO AVIATION SERVICES, INC., a Delaware
corporation (the "Company"), and ROY T. RIMMER, JR. (the "Employee").
In consideration of the mutual representations, warranties, covenants
and agreements contained in this Agreement and other good and valuable
consideration the receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
1. EMPLOYMENT.
. . .
361437
|
TIMCO Aviation
As referenced in this Employment Agreement:
TIMCO AVIATION SERVICES, INC – AGREEMENT BETWEEN COMPANY & R.T.R.,JR.
{TEXT}
{PAGE}
Exhibit 10.5
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT ("Agreement"), dated as of the 20th day of
March, 2002, by and between TIMCO AVIATION SERVICES, INC ., a Delaware
corporation (the "Company"), and ROY T. RIMMER, JR. (the "Employee").
In consideration of the mutual representations, warranties, covenants
and agreements contained in this Agreement and other good
_____________
TIMCO AVIATION SERVICES, INC – remit such amounts to the
applicable governmental authorities in accordance with applicable law.
IN WITNESS WHEREOF, the parties have executed this Agreement effective
as of the date first above written.
TIMCO AVIATION SERVICES, INC ., a
Delaware corporation
By: /s/ Gil West
-----------------------------
Gil West, President and COO
EMPLOYEE:
/s/ Roy T. Rimmer, Jr.
---------------------------------
ROY T. RIMMER, JR.
Address for Notices:
[intentionally omitted]
-10-
{/TEXT}
{/
_____________
dt 1318217
;
|
 Akerman
As referenced in this Employment Agreement:
Akerman,
Senterfitt – to the other parties): (a) if to the
Company, at its principal executive offices, addressed to the President and
Chief Operating Officer, with a copy to Philip B. Schwartz, Esq., Akerman,
Senterfitt & Eidson, P.A., One Southeast Third Avenue, Miami, Florida 33156; and
(b) if to the Employee, at the address listed on the signature page hereto.
10. AMENDMENT; WAIVER. This
_____________
dt 795935
|
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| 2003 |
Employment Agreement
Employment Agreement (35K)
Doc #361439: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT ("Agreement"), dated as of the 15th day of
January, 2002, by and between AVIATION SALES COMPANY, a Delaware corporation
(the "Company"), and C. ROBERT CAMPBELL (the "Employee").
In consideration of the mutual representations, warranties, covenants
and agreements contained in this Agreement and other good and valuable
consideration the receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
1. EMPLOYMENT.
. . .
361439
| |
Akerman
As referenced in this Employment Agreement:
Akerman, Senterfitt – in writing to the other parties): (a) if to the
Company, at its principal executive offices, addressed to the Chief Executive
Officer, with a copy to Philip B. Schwartz, Esq., Akerman, Senterfitt & Eidson,
P.A., One Southeast Third Avenue, Miami, Florida 33156; and (b) if to the
Employee, at the address listed on the signature page hereto.
10. AMENDMENT; WAIVER. This
_____________
dt 795937
|
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Employment Agreement
Employment Agreement (23K)
Doc #361440: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT ("Agreement") is entered into as of February
11, 2002 ("Effective Date") by and between AVIATION SALES COMPANY ("AVS" or the
"Company") a Delaware corporation, and JACK AREHART (the "Employee").
RECITALS
AVS wishes to employ Employee and Employee wishes to become an employee of AVS,
on the terms and subject to the conditions of this Agreement.
In consideration of the mutual representations, warranties, covenants and
agreements contained in this Agreement, the parties hereto agree as follows:
1. Employment.
(a) Employment. AVS agrees to employ the Employee as Senior Vice
President of Business Development, and the Employee agrees to accept such
employment and serve in such position, on the terms and subject to the
conditions of this Agreement.
(b) Employment Period. The period during which the Employee shall serve
as an employee of AVS under this Agreement shall commence on the Effective Date,
and unless earlier terminated pursuant to this Agreement or extended through
agreement of the parties, shall expire on December 31, 2004 (the period for
which the Employee is an employee of AVS or its affiliates is hereinafter
referred to as the "Employment Period").
(c) Duties and Responsibilities. During the Employment Period, the
Employee shall have such authority and responsibility and perform such duties as
may be assigned to him from time to time at the direction of the Chairman, Chief
Executive Officer, President or Chief Operating Officer of AVS, and in the
absence of such assignment, such duties customary to Employee's office as are
necessary to the business and operations of AVS. During the Employment Period,
the Employee's employment shall be full time and the Employee shall perform his
duties honestly, diligently, competently, in good faith and in the best
interests of AVS and shall use his best efforts to promote the interests of AVS
and shall refer to AVS opportunities in the aerospace industry that have been
referred to Employee.
2. Compensation and Benefits.
(a) Base Salary. In consideration for the Employee's services hereunder
and the restrictive covenants contained herein, the Employee shall be paid an
annual base salary of $300,000 (the "Salary"), payable in accordance with the
AVS's customary payroll practices. Notwithstanding the foregoing, Employee's
annual Salary may be increased at anytime and from time to time to levels
greater than the level set forth in the preceding sentence at the sole
discretion of the Compensation Committee of the Board of Directors of AVS
("Committee") to reflect merit or other increases.
{PAGE}
(b) Bonus. In addition to the Salary, the Employee shall be eligible to
receive an annual bonus ("Bonus") equal to 100% of the Employee's base Salary.
The Bonus shall be based on the achievement of corporate goals and objectives as
established by the Committee after consultation with the management of AVS. The
achievement of said goals and objectives shall be determined by the Committee.
With respect to any Fiscal Year during which the Employee is employed by the
Company for less than the entire Fiscal Year, the Bonus shall be prorated for
the period during which the Employee was so employed. The Bonus shall be payable
within thirty (30) days after the completion of the financial statements for the
particular Fiscal Year as to which the Bonus relates. The term "Fiscal Year" as
used herein shall mean each period of twelve (12) calendar months commencing on
January 1st of each calendar year during the Employment Period and expiring on
December 31st of such year.
(c) Stock Options. On the Effective Date, AVS shall issue to the
Employee a five-year option to purchase 250,000 shares of the Company's
authorized but unissued common stock at an exercise price equal to $_____ (the
last closing price of the common stock on the date on which this Agreement is
executed). The options shall vest 1/3 on date of grant, 1/3 on the first
anniversary of the Effective Date and 1/3 on the second anniversary of the
Effective Date. The Employee shall be entitled to participate and receive option
grants in the future, as may be determined by the Committee. Notwithstanding the
foregoing, Employee acknowledges that AVS is in the process of restructuring the
Company's currently outstanding debt and equity and also recapitalizing AVS. AVS
hereby agrees to adjust Employee's option grant hereunder after the completion
of the restructuring/recapitalization to provide an equivalent benefit to
361440
| | Jack Arehart
|
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| 2001 |
Employment Agreement
Employment Agreement (36K)
Doc #361524: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
--------------------
This EMPLOYMENT AGREEMENT ("Agreement"), dated this 23rd day of August,
2001, by and between AVIATION SALES COMPANY, a Delaware corporation (the
"Company"), and GIL WEST (the "Employee").
In consideration of the mutual representations, warranties, covenants and
agreements contained in this Agreement and other good and valuable consideration
the receipt and sufficiency of which is hereby acknowledged, the parties agree
as follows:
1. . . .
361524
| |
Akerman
As referenced in this Employment Agreement:
Akerman, Senterfitt – in writing to the other parties): (a) if to the Company, at its
principal executive offices, addressed to the Chief Executive Officer, with a
copy to Philip B. Schwartz, Esq., Akerman, Senterfitt & Eidson, P.A., One
Southeast Third Avenue, Miami, Florida 33156; and (b) if to the Employee, at the
address listed on the signature page hereto.
10. Amendment; Waiver. This
_____________
dt 795969
|
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Employment Agreement [Amended and Restated]
Employment Agreement [Amended and Restated] (47K)
Doc #374747: Click preview link for longer preview.
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT*
This Amended and Restated Employment Agreement ("Agreement")
made and entered into as of the 14th day of July, 1998, by and
between AAR CORP., a Delaware corporation ("Company"), and
David P. Storch ("Employee").
WHEREAS, Employee is currently an elected director of the Company; and
WHEREAS, the Company currently employs Employee pursuant to a certain Employment
Agreement dated June 1, 1994, as amended by amendments dated October 9, 1996,
May 29, 1997, July 14, 1997 and July 14, 1998 ("Original Agreement"); and
WHEREAS, the Company and Employee desire to further amend the Original Agreement
as herein set forth to reflect certain mutually agreed changes to the terms and
conditions thereof; and
WHEREAS, for their mutual convenience, the Company and Employee desire to
restate the Original Agreement, as so amended, in its entirety.
NOW, THEREFORE, in consideration of the mutual agreements herein set forth, the
parties hereto agree as follows:
1. EMPLOYMENT. The Company hereby employs Employee and Employee
hereby accepts employment by the Company, upon the terms and subject to the
conditions hereinafter set forth.
2. TERM. The term of this Agreement shall commence as of the date
hereof and, unless earlier terminated as hereinafter provided, shall end on May
31, 1997, subject to extension as follows:
On each day after May 31, 1994, while the Employee continues in
employment hereunder, the term of employment shall automatically be extended for
an additional one-day period so that on any day from and after June 1, 1994,
while the Employee continues in employment hereunder, the term of employment
shall expire three years thereafter until terminated pursuant to the terms
hereof.
3. DUTIES.
(a) Employee shall have the title, duties and
responsibilities of President and Chief Executive Officer and such other duties
and responsibilities as may from time to time be assigned that are consistent
with such duties and responsibilities and shall report to the Chairman of the
Board of the Company.
* including Amendment 4 (Amended and Restated Employment Agreement)
{PAGE}
(b) Employee agrees to do and perform all such acts and
duties faithfully and diligently and to furnish such services as the Chairman of
the Board may from time to time direct, and do and perform all acts in the
ordinary course of business of the Company (within such limits as the Company
may prescribe) necessary and conducive to the best interest of the Company.
(c) Employee agrees to devote his full time, energy and
skill to the business of the Company and to the promotion of the best interests
of the Company and the performance of his duties as President and Chief
Executive Officer of the Company; provided that the Employee shall not (to the
extent not inconsistent with paragraphs 3(d) and 10(b) below) be prevented from
(a) serving as a director of any corporation consented to in advance by
resolution of the Board of Directors of the Company, (b) engaging in charitable,
religious, civic or other non-profit community activities, or (c) investing his
personal assets in such form or manner as will not require any substantial
services on his part in the operation or affairs of the business in which such
investments are made which would detract from or interfere or cause a conflict
of interest with performance of his duties hereunder.
(d) Employee agrees to observe policies and procedures of
the Company in effect from time to time applicable to employees of the Company
including, without limitation, policies with respect to employee loyalty and
prohibited conflicts of interest.
4. COMPENSATION. The Company shall pay to Employee, for all
services to be performed by Employee an annual base salary ("Base Salary") at
the rate of Six Hundred Fifty Thousand Dollars ($650,000.00) per fiscal year,
or such greater amount as may be authorized by the Board of Directors of the
Company, in its sole discretion upon annual review during the term of
employment, payable in periodic installments in accordance with the Company's
payroll practice in effect from time to time and prorated for any portion of
a fiscal year (Company's fiscal year currently being the period from June 1
of each year through May 31 of the following year).
5. INCENTIVE BONUS PAYMENTS. In addition to the Base Salary
described above, Employee will continue to participate in and receive payments
under such incentive bonus programs as the Company, in its sole discretion, may
authorize from time to time for Employee and other executive officers of the
Company; provided, however, Employee will be entitled to the following during
the term of this Employment Agreement:
(a) ANNUAL DISCRETIONARY INCENTIVE BONUS OPPORTUNITY.
Employee will have a graduated annual incentive bonus opportunity of up to 100%
of base salary for performance at or below target and up to an additional 50% of
base salary for performance in excess of target. Performance will be measured
against annual financial targets approved by the Compensation Committee of the
Board of Directors. Eighty percent (80%) of any bonus granted under this
subsection will be paid in cash
2
{PAGE}
and the balance will be paid in restricted stock awards subject to the Company's
qualified Stock Benefit Plan (valued at NYSE closing price on date of grant).
Thirty-three and one third percent (33 1/3%) of each such restricted stock award
shall vest on the successive anniversary dates of the respective award over a
three year period based solely on the passage of time unless employment is
terminated voluntarily by the Employee in violation of this Agreement or by the
Company for Cause.
The cash portion of the incentive bonus payable under this subsection
will be paid within 45 days of the end of each fiscal year; the restricted stock
shall have a grant date of May 31 of the year granted.
(b) LONG TERM INCENTIVE BONUS AWARDS. Employee will
receive restricted stock awards, stock option grants and performance shares of
stock in the Company in accordance with appendix (i) hereto, which is
incorporated herein by reference.
6. VACATION AND FRINGE BENEFITS. Employee will accrue vacation in
accordance with the Company's policy in effect from time to time for other
executive officers; provided that no decrease in vacation benefits from those
available on the date hereof shall be applicable to Employee during the term
hereof. Employee shall be entitled to participate, according to eligibility
provisions of each, in such medical, life and disability insurance programs,
profit sharing plans, retirement plans and in other fringe benefit plans as may
be in effect from time to time during the term hereof and available to other
executive officers of the Company.
7. CLUB DUES AND BUSINESS EXPENSES. During the term hereof,
Employee will be entitled to reimbursement for normal travel and business
374747
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AAR
As referenced in this Employment Agreement [Amended and Restated]:
AAR CORP. – 7
{TEXT}
{PAGE}
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT*
This Amended and Restated Employment Agreement ("Agreement")
made and entered into as of the 14th day of July, 1998, by and
between AAR CORP. , a Delaware corporation ("Company"), and
David P. Storch ("Employee").
WHEREAS, Employee is currently an elected director of the Company; and
WHEREAS, the Company currently employs Employee pursuant to a
_____________
AAR CORP. – accumulated three additional continuous years of service.
Such amount shall be paid to Employee in a cash lump sum payment on the
Employee's Retirement Date, as defined in the AAR CORP. Retirement Plan or
any successor plan or promptly upon a termination of employment which
triggers Change in Control termination of employment benefits hereunder. In
such event, the Company shall
_____________
AAR
CORP. – the date hereof to
entitlement to those payments.
(c) In the event that a Change in Control has
occurred, both for purposes of this Agreement and for purposes of the AAR
CORP. Stock Benefit Plan, as amended ("Plan"), whether or not such Change in
Control has the prior written approval of a majority of the Continuing
Directors (as defined in the
_____________
AAR CORP. – delivered personally or deposited in the United States mail, with proper postage
prepaid, telegram, teletype, cable or facsimile transmission to the addresses
listed below:
(a) If to the Company, to:
AAR CORP.
1100 N. Wood Dale Road
Wood Dale, Illinois 60191
Attention: Chairman and Chief Executive Officer
With a copy to:
AAR CORP.
1100 N. Wood Dale Road
Wood Dale, Illinois
_____________
AAR CORP. – addresses
listed below:
(a) If to the Company, to:
AAR CORP.
1100 N. Wood Dale Road
Wood Dale, Illinois 60191
Attention: Chairman and Chief Executive Officer
With a copy to:
AAR CORP.
1100 N. Wood Dale Road
Wood Dale, Illinois 60191
Attention: General Counsel
(b) If to Employee, to:
David P. Storch
908 Elm Place
Glencoe, IL 60022
or to such
_____________
dt 1417310
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Employment Agreement
Employment Agreement (41K)
Doc #410002: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
1.
PARTIES: The Parties to this Employment Agreement (hereafter referred to as the ?Agreement?) are DONALD C. WINTER (hereafter referred to as ?Executive?) and NORTHROP GRUMMAN CORPORATION (hereafter referred to as ?Northrop Grumman? or ?the Company?).
2.
EMPLOYMENT: Northrop Grumman hereby agrees to employ Executive and Executive hereby accepts such employment by Northrop Grumman upon the terms and conditions herein set forth.
3.
TERM: The Company has entered into an agreement with TRW Inc., an Ohio corporation ( . . .
410002
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Employment Agreement
Employment Agreement (41K)
Doc #410015: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
1.
PARTIES: The Parties to this Employment Agreement (hereafter referred to as the ?Agreement?) are WESLEY G. BUSH (hereafter referred to as ?Executive?) and NORTHROP GRUMMAN CORPORATION (hereafter referred to as ?Northrop Grumman? or ?the Company?).
2.
EMPLOYMENT: Northrop Grumman hereby agrees to employ Executive and Executive hereby accepts such employment by Northrop Grumman upon the terms and conditions herein set forth.
3.
TERM: The Company has entered into an agreement with TRW Inc., an Ohio corporation ( . . .
410015
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Employment Agreement
Employment Agreement (203K)
Doc #410039: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
1. PARTIES: The parties to this Employment Agreement (hereafter referred to as this �Agreement�) are CHARLES H. NOSKI (hereafter referred to as �Executive�) and NORTHROP GRUMMAN CORPORATION (hereafter referred to as �Northrop Grumman� or �the Company�).
2. EMPLOYMENT: Northrop Grumman wishes to offer Executive employment as its Corporate Vice President and Chief Financial Officer, and Executive wishes to accept such employment, upon the terms and conditions set forth in this Agreement.
3. TERM: The term of this Agreement shall commence . . .
410039
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Employment Agreement
Employment Agreement (53K)
Doc #410064: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
1. PARTIES: The parties to this Employment Agreement (hereafter referred to as this �Agreement�) are DR. RONALD D. SUGAR (hereafter referred to as �Executive�) and NORTHROP GRUMMAN CORPORATION (hereafter referred to as �Northrop Grumman� or �the Company�).
2. EMPLOYMENT: Executive has been employed by Northrop Grumman as its President and Chief Operating Officer since September 19, 2001 and member of the Company�s Board of Directors (the �Board�) since April, 2001. Executive and Northrop Grumman were parties to an Employment Agreement that was . . .
410064
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| 2001 |
Employment Agreement
Employment Agreement (47K)
Doc #410284: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
1.
PARTIES: The Parties to this Employment Agreement (hereafter referred to as the ?Agreement?) are DR. RONALD D. SUGAR (hereafter referred to as ?Executive?) and NORTHROP GRUMMAN CORPORATION (hereafter referred to as ?Northrop Grumman? or ?the Company?).
2.
EMPLOYMENT: For the past several months, Executive has been employed by Northrop Grumman as Corporate Vice President and President of Litton Industries, Inc. (?Litton?), a wholly owned subsidiary of Northrop Grumman. Executive?s employment has been governed by the terms of . . .
410284
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Executive Employment Agreement
Executive Employment Agreement (15K)
Doc #410498: Click preview link for longer preview.
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES:
FLIR Systems, Inc. (?Company?)
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis (?Executive?)
58 Ford Road
. . .
410498
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FLIR Systems
As referenced in this Executive Employment Agreement:
FLIR Systems, Inc – Employment Agreement dated as of March 2, 2005
EX-10.14 3 dex1014.htm EXECUTIVE EMPLOYMENT AGREEMENT DATED AS OF MARCH 2, 2005
EXHIBIT 10.14
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES:
FLIR Systems, Inc . (Company)
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis (Executive)
58 Ford Road
Sudbury, Massachusetts 01776
EFFECTIVE DATE: January 1, 2005
RECITALS:
Company wishes to obtain the
_____________
FLIR Systems, Inc – Agreement, with or without reasonable accommodation, because of physical or mental incapacity for a continuous period of five (5) months, as determined by the Board.
1.5 FLIR shall mean FLIR Systems, Inc ., and its wholly owned subsidiaries.
ARTICLE II
EMPLOYMENT, DUTIES AND TERM
2.1 Employment. Upon the terms and conditions set forth in this Agreement, Company hereby employs Executive as
_____________
FLIR SYSTEMS, INC – of construction requiring that the agreement be construed against the drafter shall not apply to the interpretation of this agreement.
Signed this 2nd day of March, 2005.
EARL R. LEWIS
FLIR SYSTEMS, INC .
/s/ EARL R. LEWIS
By:
/s/ Angus L. Macdonald
Title:
Chairman of the
Compensation Committee
_____________
dt 1415008
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Executive Employment Agreement
Executive Employment Agreement (14K)
Doc #410515: Click preview link for longer preview.
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES:
FLIR Systems, Inc. (?Company?)
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis (?Executive?)
58 Ford Road
. . .
410515
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FLIR Systems
As referenced in this Executive Employment Agreement:
FLIR Systems, Inc – R. Lewis, dated January 1, 2004
EX-10.20 3 dex1020.htm EXECUTIVE EMPLOYMENT AGREEMENT WITH EARL R. LEWIS, DATED JANUARY 1, 2004
Exhibit 10.20
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES:
FLIR Systems, Inc . (Company)
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis (Executive)
58 Ford Road
Sudbury, Massachusetts 01776
EFFECTIVE DATE: January 1, 2004
RECITALS:
Company wishes to obtain the
_____________
FLIR Systems, Inc – Agreement, with or without reasonable accommodation, because of physical or mental incapacity for a continuous period of five (5) months, as determined by the Board.
1.5 FLIR shall mean FLIR Systems, Inc ., and its wholly owned subsidiaries.
ARTICLE II
EMPLOYMENT, DUTIES AND TERM
2.1 Employment. Upon the terms and conditions set forth in this Agreement, Company hereby employs Executive as
_____________
FLIR SYSTEMS, INC – therefore, the parties agree that the rule of construction requiring that the agreement be construed against the drafter shall not apply to the interpretation of this agreement.
EARL R. LEWIS
FLIR SYSTEMS, INC .
/s/ EARL R. LEWIS
By:
/s/ JOHN C. HART
Title:
Chairman of the
Compensation Committee
4
_____________
dt 1415011
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Executive Employment Agreement
Executive Employment Agreement (13K)
Doc #410550: Click preview link for longer preview.
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES:
FLIR Systems, Inc. (?Company?)
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis (?Executive?)
58 Ford Road
Sudbury, Massachusetts 01776
EFFECTIVE DATE: January 1, 2003
RECITALS:
Company wishes to obtain the services of Executive for the duration of this Agreement, and the Executive wishes to provide his services . . .
410550
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FLIR Systems
As referenced in this Executive Employment Agreement:
FLIR Systems, Inc –
Executive Employment Agreement
EX-10.15 3 dex1015.htm EXECUTIVE EMPLOYMENT AGREEMENT
EXHIBIT 10.15
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES:
FLIR Systems, Inc . (Company)
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis (Executive)
58 Ford Road
Sudbury, Massachusetts 01776
EFFECTIVE DATE: January 1, 2003
RECITALS:
Company wishes to obtain the
_____________
FLIR Systems, Inc – Agreement, with or without reasonable accommodation, because of physical or mental incapacity for a continuous period of five (5) months, as determined by the Board.
1.5 FLIR shall mean FLIR Systems, Inc ., and its wholly owned subsidiaries.
ARTICLE II
EMPLOYMENT, DUTIES AND TERM
2.1 Employment. Upon the terms and conditions set forth in this Agreement, Company hereby employs Executive as
_____________
FLIR SYSTEMS, INC – therefore, the parties agree that the rule of construction requiring that the agreement be construed against the drafter shall not apply to the interpretation of this agreement.
EARL R. LEWIS
FLIR SYSTEMS, INC .
/S/ EARL R. LEWIS
By:
/S/ JOHN C. HART
Title: Director
6
_____________
dt 1415016
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| 2002 |
Executive Employment Agreement
Executive Employment Agreement (15K)
Doc #410563: Click preview link for longer preview.
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES: FLIR Systems, Inc. ("Company")
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis ("Executive")
58 Ford Road
Sudbury, Massachusetts 01776
EFFECTIVE DATE: January 1, 2002
RECITALS:
Company wishes to obtain the services of Executive for the duration of this
Agreement, and the Executive wishes to provide his services for such period, all
upon the terms and conditions set . . .
410563
|
FLIR Systems
As referenced in this Executive Employment Agreement:
FLIR Systems, Inc – {DOCUMENT}
{TYPE}EX-10.22
{SEQUENCE}3
{FILENAME}dex1022.txt
{DESCRIPTION}EXECUTIVE EMPLOYMENT AGREEMENT
{TEXT}
{PAGE}
EXHIBIT 10.22
EXECUTIVE EMPLOYMENT AGREEMENT
PARTIES: FLIR Systems, Inc . ("Company")
16505 S.W. 72nd Avenue
Portland, Oregon 97224
Earl Lewis ("Executive")
58 Ford Road
Sudbury, Massachusetts 01776
EFFECTIVE DATE: January 1, 2002
RECITALS:
Company wishes to obtain the
_____________
FLIR Systems, Inc – Agreement, with or without reasonable accommodation, because of physical or
mental incapacity for a continuous period of five (5) months, as determined by
the Board.
1.5 "FLIR" shall mean FLIR Systems, Inc ., and its wholly owned subsidiaries.
ARTICLE II
EMPLOYMENT, DUTIES AND TERM
---------------------------
2.1 Employment. Upon the terms and conditions set forth in this Agreement,
Company hereby employs Executive as
_____________
FLIR SYSTEMS, INC – therefore, the parties agree that the rule of construction
requiring that the agreement be construed against the drafter shall not apply to
the interpretation of this agreement.
EARL R. LEWIS FLIR SYSTEMS, INC .
/s/ EARL R. LEWIS By: /s/ JOHN C. HART
--------------------------- --------------------------------------
Title: Chairman of the Compensation Committee
--------------------------------------
6
{/TEXT}
{/DOCUMENT}
_____________
dt 1415018
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Employment Agreement
Employment Agreement (22K)
Doc #410607: Click preview link for longer preview.
EMPLOYMENT AGREEMENT
Between Flight Safety Technologies, Inc.
and
SAMUEL A. KOVNAT
THIS AGREEMENT made as of the 4th day of November, 2003, by and between Flight Safety Technologies, Inc., a Nevada Corporation with a principal place of business at 28 Cottrell Street, Mystic, Connecticut, 06355 (hereafter "Flight Safety" or the "Company"), and Samuel A. Kovnat (hereafter or "Employee").
RECITALS:
WHEREAS, Flight Safety is engaged in the business of designing, developing, marketing, managing and operating proprietary devices, equipment, and technologies to enhance aviation . . .
410607
|
Flight Safety
As referenced in this Employment Agreement:
FLIGHT SAFETY TECHNOLOGIES, INC –
EXHIBIT 10
EX-10.1 4 fst_10qsbex10-1.htm FLIGHT SAFETY TECHNOLOGIES, INC . EXHIBIT 10.1
EXHIBIT 10.1
EMPLOYMENT AGREEMENT
Between Flight Safety Technologies, Inc.
and
SAMUEL A. KOVNAT
THIS AGREEMENT made as of the 4th day of November, 2003, by
_____________
Flight Safety Technologies, Inc –
EXHIBIT 10
EX-10.1 4 fst_10qsbex10-1.htm FLIGHT SAFETY TECHNOLOGIES, INC. EXHIBIT 10.1
EXHIBIT 10.1
EMPLOYMENT AGREEMENT
Between Flight Safety Technologies, Inc .
and
SAMUEL A. KOVNAT
THIS AGREEMENT made as of the 4th day of November, 2003, by and between Flight Safety Technologies, Inc., a Nevada Corporation with a principal place
_____________
Flight Safety Technologies, Inc – 10.1
EXHIBIT 10.1
EMPLOYMENT AGREEMENT
Between Flight Safety Technologies, Inc.
and
SAMUEL A. KOVNAT
THIS AGREEMENT made as of the 4th day of November, 2003, by and between Flight Safety Technologies, Inc ., a Nevada Corporation with a principal place of business at 28 Cottrell Street, Mystic, Connecticut, 06355 (hereafter "Flight Safety" or the "Company"), and Samuel A. Kovnat (hereafter or "Employee").
_____________
Flight Safety Technologies, Inc – delivered personally or mailed by certified mail, return receipt requested postage prepaid, addressed to the Company or Employee at their last known addresses. Addresses are as follows:
If to Company:
Flight Safety Technologies, Inc .
28 Cottrell Street
Mystic, Connecticut 06355
Page 8 of 10
If to Employee:
Samuel A. Kovnat
252 Denison Hill Road
North Stonington, CT 06359
14.
Non-waiver. No delay
_____________
Flight Safety Technologies, Inc – Company of any and all obligations or liability hereunder.
Page 9 of 10
IN WITNESS WHEREOF, I have on the date set forthwith unto my signature and seal
For Company:
Flight Safety Technologies, Inc .
By: William B. Cotton
Its President
For Employee:
Samuel A. Kovnat
Page 10 of 10
_____________
dt 1382292
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