EXHIBIT 10.6
August 10, 1999
Xx. Xxxxx X. Xxxxx
P. O. Xxx 00
Xxxxx Xxxxxxxxxx, XX 00000
Dear Xxxx:
The purpose of this letter is to offer to extend your
consulting agreement with Gerber Scientific, Inc., for an
additional period of three (3) years with certain amendments
as stated below.
First, your compensation under the contract is to be
increased to One Hundred Thirty-Five Thousand Dollars
($135,000.00) per annum payable monthly in accordance with
the terms of the original July 1990 agreement.
Second, paragraph E. of the July 1990 letter agreement
whereby Gerber continues your participation under the terms
of its medical and relevant plans is to be deleted for this
and any subsequent renewal terms. As we have discussed,
under the terms of the Gerber plans, you are no longer
eligible to participate in those plans after your 65th
birthday. You are, of course, eligible for Medicare and you
may purchase supplementary medical insurance under one of
several independent plans. Your compensation, above, has
been adjusted to reflect the increased cost to you to
independently maintain such supplementary insurance which
is, of course, your sole responsibility.
Except as amended above, all terms and conditions of the
original agreement dated July 18, 1990, including the
statement of your duties and responsibilities shall remain
in full force and effect.
Once agreed to by you and approved by Xxxx Xxxxxxxx in the
space(s) provided below, this contract extension shall be
effective July 19, 1999 without regard to the date(s) of
actual signatures.
Sincerely,
/s/ Xxxxxxx X. Xxxxxx, Xx.
Xxxxxxx X. Xxxxxx, Xx.
Accepted and Agreed:
/s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
Date:
Approved:
/s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
Chairman & CEO
Date:
