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Retirement Agreements

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Preview Full Doc	2001	Early Retirement Agreement Early Retirement Agreement (31K) Doc #215777: Click preview link for longer preview. EARLY RETIREMENT AGREEMENT EARLY RETIREMENT AGREEMENT (this "Agreement"), dated as of July 3, 2001, by and between Honeywell International, Inc., a Delaware corporation (the "Company"), and Michael R. Bonsignore ("Executive"). WHEREAS, Executive has expressed his intention to retire from employment with the Company and, in connection with his retirement, the Company and Executive have determined to settle all of their respective rights and obligations in respect of his Employment Agreement (as defined below) and other matters pertaining to Executive's services with the Company; NOW, THEREFORE, in consideration of their mutual promises, the Company and Executive agree as follows: 1. Retirement and Resignation. Effective as of the date hereof (the "Effective Date"), the Executive shall retire from active employment and hereby resigns, effective as of the Effective Date, (i) as Chairman of the Board of Directors and Chief Executive Officer of the Company and (ii) from employment with and as a member of the Board of Directors of the Company and each of its subsidiaries and affiliates. 2. Provision of Consulting Services. During the period beginning on the Effective Date and continuing until the second anniversary of the Effective Date (the "Consulting Period"), the Executive shall provide consulting services commensurate with his status and experience with respect to matters related to strategic acquisitions as shall be reasonably requested from time to time by the Chairman of the Board of Directors of the Company. The Executive shall provide consulting services to Company as needed and when reasonably requested, provided that, without his prior consent, Executive shall not be required to devote more than 50 hours in any calendar month to the performance of any consulting services hereunder. The Executive shall determine the time and location at which he shall perform such services, subject to the right of the Company to reasonably request by advance written notice that such services be performed at a specific time and at a specific location. The Executive shall honor any such request unless he has a conflicting business commitment that would preclude him from performing such services at the time and/or place requested by the Company, and in such circumstances shall make reasonable efforts to arrange a mutually satisfactory alternative. The Company shall use its reasonable best efforts not to require the performance of consulting services in any manner that unreasonably interferes with any other business activity of the Executive. 3. Cancellation of the Employment Agreement. The Executive and the Company are parties to an Employment Agreement (the "Employment 1 {PAGE} Agreement"), dated and effective as of December 1, 1999. The term of the Employment Agreement would have expired December 31, 2004. The Employment Agreement is hereby canceled and the parties shall have no further obligations to each other thereunder except as specifically provided in this Agreement. 4. Unpaid Accrued Benefits. The Company shall promptly pay to the Executive any portion of the Executive's base salary, and accrued but unused vacation, through the Effective Date that has not yet been paid. The Executive shall receive second quarter 2001 dividends with respect to his Restricted Units (as defined in the Employment Agreement). In addition, Executive shall be paid, at the time annual cash bonuses are paid to other senior executive officers of the Company in accordance with the Company's Incentive Compensation Plan for Executive Employees, a prorated annual cash bonus in an amount equal to the product of (i) the annual cash bonus that would have been payable to Executive for 2001 under such plan had Executive not terminated his employment with the Company based solely on the Company's performance factor (and without regard to any other adjustment permitted under such plan) times (ii) a fraction, the numerator of which is the number of days during 2001 prior to and including the date of Executive's retirement in accordance with Section 1, and the denominator of which is 365. The Company shall also pay or provide to the Executive all compensation and benefits due and payable to the Executive, or as to which the Executive has vested rights (including, without limitation, rights as a retiree of the Company based on his age and service), in accordance with the terms and conditions of the Company's compensation and benefit plans, programs or arrangements as in effect immediately prior to the Effective Date (except as otherwise expressly provided in the Agreement). 5. Retirement Benefits. (a) Separation Payment. Executive shall be entitled to a separation payment (the "Separation Payment") in an amount equal to three times the sum of his annual base salary, as in effect immediately prior to the Effective Date, plus his Minimum Target Bonus (as defined in the Employment Agreement). The Separation Payment shall be paid in one lump-sum payment on January 2, 2002 (the sum of Executive's annual base salary and Minimum Target Bonus is hereafter referred to as his "Annual Cash Compensation"). (b) SERP Benefit. (i) Subject to the terms and conditions set forth herein, the Executive shall receive a supplemental retirement benefit (the "SERP Benefit"), in the form of an unreduced 100% joint and survivor annuity for his life and that of his current spouse, with the annual benefit equal to (1) the product of (A) 70% times (B) the Executive's Annual Cash Compensation reduced by (2) the actuarial equivalent value of the aggregate annual vested benefit (expressed as a life annuity commencing 215777	Honeywell Int'l Honeywell International Inc. ( Defense ) As referenced in this Early Retirement Agreement: honeywell international, – AGREEMENT EARLY RETIREMENT AGREEMENT (this "Agreement"), dated as of July 3, 2001, by and between Honeywell International, Inc., a Delaware corporation (the "Company"), and Michael R. Bonsignore ("Executive"). WHEREAS, Executive has honeywell international, – postage prepaid, addressed as follows: 8 {PAGE} If to the Executive: ----------------------------- ----------------------------- ----------------------------- If to the Company: Honeywell International, Inc. 101 Columbia Road Morristown, NJ 07962 Attention: General Counsel or to such other honeywell international, – its name on its behalf, all as of the day and year first above written. Honeywell International, Inc. [Seal] Attest: /s/ Peter M. Kreindler By: /s/ Robert P. Luciano ---------------------- --------------------- Peter M. dt 15087 ;	Michael R. Bonsignore
Preview Full Doc	2003	Retirement Agreement Retirement Agreement (29K) Doc #402423: Click preview link for longer preview. RETIREMENT AGREEMENT This RETIREMENT AGREEMENT (the "Agreement") is made as of the 7th day of January, 2003 by and between Presstek, Inc., including its affiliates and subsidiaries (collectively, the "Company"), and Richard A. Williams ("Mr. Williams"). WHEREAS, Mr. Williams has been employed with the Company as Chief Scientific Officer for several years; WHEREAS, Mr. Williams desires to retire from employment with the Company and all officer positions he holds at the Company or its affiliates or subsidiaries; and WHEREAS, the Company and Mr. Williams desire to specify the terms and conditions of his retirement. NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and in consideration of the mutual covenants and obligations herein contained, the parties hereto agree as follows. 1. Employment/Director/Officer Status. (a) Retirement Date. Effective as of January 8, 2003 (the "Retirement Date"), Mr. Williams shall retire and resign from (a) his employment with the Company, its affiliates and subsidiaries; (b) his officer position as Chief Scientific Officer of the Company and any other officer positions that he may hold with the Company, its affiliates and subsidiaries; and (c) all duties associated with such positions and status. Simultaneously with the execution of this Agreement, Mr. Williams will execute a letter in the form attached hereto as Exhibit A tendering his resignation from his officer positions with the Company. Mr. Williams will remain as the Chairman of the Board of Directors of the Company (the "Board"), and as a member of the board of directors of Lasertel, Inc., until he resigns from, is removed from, or is not re-elected to, each respective board position. (b) Termination of Benefits and Employment Agreement. As of the Retirement Date, Mr. Williams' salary shall cease, and any entitlement he has or might have had under any Company-provided benefit plan, program, contract or practice shall terminate, except as otherwise described below or as otherwise required by law. Also as of the Retirement Date, that certain Employment Agreement dated as of May 25, 2000 between Mr. Williams and the Company shall terminate and shall become null and void (the "Prior Employment Agreement"). (c) Payments of Accrued Obligations. By the next regularly scheduled pay date after the Retirement Date, the Company will provide Mr. Williams with a check for his final earned, unpaid salary, at the annualized rate of $300,000 that he has been receiving for the 2002 calendar year, and his unused earned time off accrued through the Retirement Date. In addition, provided that within two weeks after his Retirement Date Mr. Williams submits to the Company an expense report and itemized documentation to the Company's satisfaction for all final expenses incurred on behalf of the Company, the Company will reimburse Mr. Williams for such {PAGE} expenses within two weeks after he submits such documentation, all to be done in accordance with the Company's expenses-related policies and/or practices. (d) No Other Rights. Mr. Williams and the Company acknowledge and agree that other than the Stock Options discussed in Section 2(c) hereof, Mr. Williams is not entitled to any options to purchase, rights to purchase or other rights convertible into the capital stock of the Company and/or any of its subsidiaries or affiliates, or to any securities of, shares of capital stock of, and/or any other form of equity in, the Company and/or any of its subsidiaries or affiliates (collectively, the "Stock Rights"). Mr. Williams and the Company further acknowledge and agree that other than the payments and benefits described in Sections 1 and 2 hereof, Mr. Williams is not entitled to any payments or benefits from the Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Mr. Williams and the Company acknowledge and agree that commencing on the Retirement Date, Mr. Williams will be entitled to those benefits generally available to all non-employee directors of the Company. (e) Ongoing Obligations. Mr. Williams hereby affirms his ongoing confidentiality, inventions, noncompetition and related obligations pursuant to any agreements he signed in connection with his relationship with the Company, all of which shall remain in effect after the Retirement Date. 2. Retirement and Severance Benefits. (a) Severance. In exchange for and in consideration of Mr. Williams' execution and compliance with this Agreement and in consideration for past services rendered to the Company, the Company will provide Mr. Williams with the 402423	Presstek Presstek, Inc. ( Capital Goods ) As referenced in this Retirement Agreement: Presstek, Inc – EX-10.(LL) RETIREMENT AGREEMENT {TEXT} {PAGE} EXHIBIT 10 (ll) RETIREMENT AGREEMENT This RETIREMENT AGREEMENT (the "Agreement") is made as of the 7th day of January, 2003 by and between Presstek, Inc ., including its affiliates and subsidiaries (collectively, the "Company"), and Richard A. Williams ("Mr. Williams"). WHEREAS, Mr. Williams has been employed with the Company as Chief Scientific Officer for several _____________ PRESSTEK, INC – instrument. 9 {PAGE} IN WITNESS WHEREOF, the parties hereby execute this Retirement Agreement as of the day, month and year first written above. /s/ R.A. Williams ------------------------------------------ Richard A. Williams PRESSTEK, INC . By: /s/ Edward J. Marino -------------------------------------- Title: President and CEO 10 {PAGE} EXHIBIT A January 7, 2003 Presstek, Inc. 55 Executive Drive Hudson, NH 03051-4903 Attention: Chief Executive Officer _____________ Presstek, Inc – and year first written above. /s/ R.A. Williams ------------------------------------------ Richard A. Williams PRESSTEK, INC. By: /s/ Edward J. Marino -------------------------------------- Title: President and CEO 10 {PAGE} EXHIBIT A January 7, 2003 Presstek, Inc . 55 Executive Drive Hudson, NH 03051-4903 Attention: Chief Executive Officer Ed: Effective January 8, 2003, I hereby resign from my officer position of Chief Scientific Officer and any _____________ Presstek, Inc – 4903 Attention: Chief Executive Officer Ed: Effective January 8, 2003, I hereby resign from my officer position of Chief Scientific Officer and any other officer positions I may hold with Presstek, Inc . or Lasertel, Inc., as well as all duties associated with any such positions. Sincerely yours, /s/ R.A. Williams Richard A. Williams {/TEXT} {/DOCUMENT} _____________ dt 1477440
Preview Full Doc	2004	Retirement Agreement Retirement Agreement (17K) Doc #972991: Click preview link for longer preview. RETIREMENT AGREEMENT -------------------- This RETIREMENT AGREEMENT (the "Agreement") is entered into as of December 4, 2003 between ROBBINS & MYERS, INC., an Ohio corporation ("Employer"), and GERALD L. CONNELLY ("Executive") under the following circumstances: A. Executive is President and Chief Executive Officer and a director of Employer; and B. Executive is retiring from his employment with Employer and resigning all of his offices . . . 972991	Robbins & Myers Robbins & Myers, Inc. ( Capital Goods ) As referenced in this Retirement Agreement: ROBBINS & MYERS, INC – FILENAME>l04963aexv10w1.txt EX-10.1 RETIREMENT AGREEMENT Exhibit 10.1 ------------ RETIREMENT AGREEMENT -------------------- This RETIREMENT AGREEMENT (the "Agreement") is entered into as of December 4, 2003 between ROBBINS & MYERS, INC ., an Ohio corporation ("Employer"), and GERALD L. CONNELLY ("Executive") under the following circumstances: A. Executive is President and Chief Executive Officer and a director of Employer; and B. Executive _____________ ROBBINS & MYERS, INC – binding effect, and that he signs this Agreement voluntarily. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date and year first set forth above. "Executive" "Employer" ROBBINS & MYERS, INC . /s/ Gerald L. Connelly By /s/ Maynard H. Murch IV ---------------------- ----------------------- Gerald L. Connelly Maynard H. Murch IV Chairman of the Board 5 SCHEDULE A ---------- INDIVIDUAL: Gerald L. Connelly < _____________ dt 1722916
Full Doc	2009	Retirement Agreement Retirement Agreement (14K) Doc #3752963: This document is immediately available for purchase, but does not have a preview available for viewing. 3752963	Gardner Denver Gardner Denver, Inc. ( Capital Goods )