Exhibit 10.29
AMENDMENT TO EMPLOYMENT AGREEMENT
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BETWEEN LYDALL, INC. AND XXXX XXXXXXXX
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Dated March 1, 2000
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This is an Amendment of the Employment Agreement between Lydall, Inc. and
Xxxx Xxxxxxxx dated March 1, 2000. This Amendment is made in consideration of
the mutual agreements and promises hereinafter set forth and for other good and
valuable consideration.
All provisions of the Employment Agreement are reaffirmed and will remain
in full force and effect except that the following new sections shall be added
as noted:
3.5 Automobile. During the Employment Period, the Company will provide the
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Executive with an automobile in accordance with Company policy.
and
9. Benefits Upon Termination Without Cause or For Good Reason (Change of
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Control).
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(h) The Company will pay the Executive a car allowance, in an
amount equal to Executive's monthly lease allowance at the time of
termination, per month for 24 months following termination of the
Executive's employment to replace the Company-leased automobile, which
leased automobile will be returned to the Company by the Executive on
the date of termination of the Executive's employment.
This amendment will be effective as of August 1, 2000.
IN WITNESS WHEREOF, Lydall, Inc. and Xxxx Xxxxxxxx have caused
this Amendment to the Agreement to be executed in duplicate.
LYDALL, INC.
By
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Xxxxxx X. Xxxxxxxxxx Xxxx Xxxxxxxx
Executive Vice President -
Finance and Administration,
Chief Financial Officer
