Common use of Cash Award Agreements Clause in Contracts

Cash Award Agreements. The Parties agree that the Cash Award Agreements dated June 18, 2004 and June 15, 2005between the Executive and the Company (“Cash Award Agreements”) shall be amended by replacing the phrase “a fraction, the numerator of which is the number of months elapsed since May 1, 2004 (or 2005] (rounded up) and the denominator of which is 36” in lines 18 and 19 of Paragraph 3(b) of the Cash Award Agreements with the phrase “the percentage set forth in Exhibit C (Column (d)) corresponding to the number of months elapsed since May 1, 2004 [2005].” A copy of a revised Exhibit B and Exhibit C are attached hereto. In all other respects the Cash Award Agreements remain in full force and effect.

Appears in 6 contracts

Samples: Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc)

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Cash Award Agreements. The Parties agree that the Cash Award Agreements dated June 18, 2004 and June 15, 2005between 2005 between the Executive and the Company (“Cash Award Agreements”) shall be amended by replacing the phrase “a fraction, the numerator of which is the number of months elapsed since May 1, 2004 (or 2005] (rounded up) and the denominator of which is 36” in lines 18 and 19 of Paragraph 3(b) of the Cash Award Agreements with the phrase “the percentage set forth in Exhibit C (Column (d)) corresponding to the number of months elapsed since May 1, 2004 [2005].” A copy of a revised Exhibit B and Exhibit C are attached hereto. In all other respects the Cash Award Agreements remain in full force and effect.

Appears in 1 contract

Samples: Change in Control Agreement (Methode Electronics Inc)

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