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Servotronics Inc /De/ Sample Contracts

Standard Contracts

FOR
Stock Option Agreement • March 26th, 2001 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • Delaware
STOCK OPTION AGREEMENT FOR NICHOLAS D. TRBOVICH, JR.
Stock Option Agreement • March 30th, 1999 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • Delaware
STOCK OPTION AGREEMENT FOR DONALD W. HEDGES
Stock Option Agreement • March 26th, 2001 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • Delaware
FIRST AMENDMENT AND EXTENSION TO LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT
Letter of Credit and Reimbursement Agreement • March 30th, 2000 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York
EXHIBIT 10(A)(3) SERVOTRONICS, INC. AND SUBSIDIARIES As of May 1, 2003 Dr. Nicholas D. Trbovich 1110 Maple Street Elma, NY 14059 Dear Dr. Trbovich: You and Servotronics, Inc. (the "Company") are parties to an employment agreement, as amended and...
Employment Agreement • March 30th, 2004 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This will confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on July 3, 2003) to amend Paragraph 3 of the Agreement to delete "$353,395.00" and insert in its place "$363,995.00".

COOPERATION AGREEMENT
Cooperation Agreement • February 15th, 2023 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York

This Cooperation Agreement (this “Agreement”), effective as of February 15, 2023 (the “Effective Date”), is entered into by and between Servotronics, Inc., a Delaware corporation (the “Company”), and Brent D. Baird (the “Investor”). The Company and the Investor are collectively referred to as the “Parties,” and each of the Company and the Investor, a “Party.”

EMPLOYMENT AGREEMENT
Employment Agreement • November 13th, 2012 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York

WHEREAS, the Board of Directors of Employer believes it to be in the best interests of Employer and its shareholders to assure the Employee’s continued service to Employer, and Employee agrees to continue in the service of Employer under the terms set forth below;

LOAN AGREEMENT
Loan Agreement • December 4th, 2014 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York
Dear Mr. Kenneth D. Trbovich: You and Servotronics, Inc. (the "Company") are parties to an Employment Agreement, dated June 15, 2012 pursuant to which you are employed by the Company. This letter confirms such Employment Agreement and subsequent...
Employment Agreement • April 3rd, 2013 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This letter will also confirm your agreement and that of the Company by action of the Executive Committee of the Board of Directors on March 31, 2013 to amend Paragraph 3 of the Amended Agreement to delete the former salary and insert in its place "$250,000.00" subject to your acceptance which will be indicated by your signature below.

Servotronics, Inc. and Subsidiaries As of May 1, 2004 Dr. Nicholas D. Trbovich
Employment Agreement • March 31st, 2005 • Servotronics Inc /De/ • Cutlery, handtools & general hardware
ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • September 24th, 2012 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This Asset Purchase Agreement (this “Agreement”) is made as of September 18, 2012 (the “Effective Date”) by and between Daniels Family Cutlery Corporation, a Pennsylvania corporation, with an address of 507 Chestnut Street, Titusville, Pennsylvania 16354 (“Buyer”), and Queen Cutlery Company, a Pennsylvania corporation, with an address at 1110 Maple Street, Elma, New York, 14059 (“Seller”). Each of Buyer and Seller are sometimes referred to herein as a “Party,” and collectively as the “Parties”.

Servotronics, Inc. and Subsidiaries August 3, 2004 Dr. Nicholas D. Trbovich
Employment Agreement • March 31st, 2005 • Servotronics Inc /De/ • Cutlery, handtools & general hardware
AGREEMENT FOR THE SALE OF REAL ESTATE
Agreement for the Sale of Real Estate • September 24th, 2012 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

QUEEN CUTLERY COMPANY a/k/a THE QUEEN CUTLERY COMPANY (incorrectly indentified as “Queen City Cutlery Company”), a Pennsylvania Corporation, hereinafter referred to as "SELLER",

As of August 12, 2011 Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.)
Employment Agreement • November 8th, 2011 • Servotronics Inc /De/ • Cutlery, handtools & general hardware
Restricted Stock Award Agreement
Restricted Stock Award Agreement • December 21st, 2022 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York

This RESTRICTED STOCK AWARD AGREEMENT, dated as of [DATE] (the “Agreement”), by and between Servotronics, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Servotronics, Inc. 2022 Equity Incentive Plan (the “Plan”).

Servotronics, Inc. Letterhead]
Amended Employment Agreement • July 10th, 2008 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on July 3, 2008) to (i) amend Paragraph 1 of the Amended Agreement to delete "July 1, 2012" and insert in its place "July 1, 2013" and (ii) amend Paragraph 3 of the Amended Agreement to delete "$250,000" and insert in its place "$275,000" (to be effective May 1, 2008) subject to your acceptance which will be indicated by your signature below.

Servotronics, Inc. Letterhead]
Employment Agreement • July 10th, 2008 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on July 3, 2008) to amend Paragraph 3 of the Amended Agreement to delete "$420,500" and insert in its place "$462,550" (to be effective May 1, 2008) subject to your acceptance which will be indicated by your signature below.

As of January 27, 2012
Employment Agreement • May 14th, 2012 • Servotronics Inc /De/ • Cutlery, handtools & general hardware
Servotronics, Inc. Letterhead]
Employment Agreement • August 9th, 2006 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on June 30, 2006) to amend Paragraph 3 of the Agreement to delete "$397,400" and insert in its place "$412,300" (to be effective May 1, 2006) subject to your acceptance which will be indicated by your signature below.

SERVOTRONICS, INC.
Award Agreement • April 24th, 2013 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

We are pleased to notify you that the Committee under the Servotronics, Inc. 2012 Long-Term Incentive Plan (the "Plan") has designated you as the recipient of an award of Restricted Shares under the Plan. This letter, once signed by you, will constitute your Award Agreement. The award is subject to your entry into this agreement.

Contract
Letter of Credit and Reimbursement Agreement • March 31st, 2005 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York
As of August 13, 2012 Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.)
Employment Agreement • November 13th, 2012 • Servotronics Inc /De/ • Cutlery, handtools & general hardware
As of February 22, 2010 Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.)
Employment Agreement • May 14th, 2010 • Servotronics Inc /De/ • Cutlery, handtools & general hardware
PERSONAL PROPERTY LEASE
Personal Property Lease • November 3rd, 2009 • Servotronics Inc /De/ • Cutlery, handtools & general hardware • New York

THIS PERSONAL PROPERTY LEASE (this “Lease”) effective as of November 3, 2009 (the “Effective Date”), is between AERO METAL PRODUCTS, INC., a Delaware corporation having an address at 1110 Maple Street, Elma, New York 14059 (“Lessee”), and AERO, INC., an Arkansas corporation having an address at 600 South Mill Street, Nashville, Arkansas 71852 (“Lessor”). SERVOTRONICS, INC., a Delaware corporation having an address at 1110 Maple Street, Elma, New York 14059 is executing this Lease solely for the purpose of Section 19.

Servotronics, Inc. Letterhead]
Employment Agreement • August 9th, 2006 • Servotronics Inc /De/ • Cutlery, handtools & general hardware

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on June 30, 2006) to amend Paragraph 1 of the Amended Agreement to delete "July 1, 2010" and insert in its place "July 1, 2011" subject to your acceptance which will be indicated by your signature below.

As of July 2, 2009 Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.)
Employment Agreement • May 14th, 2010 • Servotronics Inc /De/ • Cutlery, handtools & general hardware