AMERICAN ITALIAN PASTA COMPANY
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT(this "Agreement"), effective September 1,
2002 is by and between American Italian Pasta Company ("Employer"), and Xxxxx X.
Dear, an individual ("Employee") (collectively "the parties") and supersedes any
and all prior oral or written agreements between the parties with respect to the
subject matter hereof.
WITNESSETH:
WHEREAS, Employer is engaged in the business of durum wheat milling
and pasta product production/marketing; and
WHEREAS, in connection with such business, Employer desires to employ
Employee in the capacity of Executive Vice President - Store Brands, Wal*Mart,
Special Channels; and
WHEREAS, Employee desires to be employed by Employer in the aforesaid
capacities.
NOW, THEREFORE, in consideration of the promises and mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereby agree as
follows:
1. Term of Employment. Subject to the provisions of Section 7 hereof,
the term of Employee's employment under this Agreement (the "Employment
Term") will commence as of the date hereof (the "Effective Date") and
terminate on September 30, 2005. The provisions of Sections 4, 5 and 6,
below, will survive and continue to be enforceable regardless of any
termination of this Agreement.
2. Duties of Employee.
2.1 In accepting such employment, Employee shall undertake and
assume the responsibility of performing for and on behalf of Employer
such duties as shall be assigned to Employee by Employer at any time
and from time to time and in accordance with all of Employer's
policies, practices and procedures. It is understood and agreed that
Employee's principal duties on behalf of Employer at the date of
execution hereof are and shall be Executive Vice President - Store
Brands, Wal*Mart, Special Channels and it is further understood and
agreed that any modification in or expansion of Employee's duties
hereunder shall not, unless specifically agreed to by Employee and
Employer in a duly-executed amendment of this Agreement in accordance
with Section 10.6 hereof, result in any modification in Employee's
compensation referred to in Section 3 hereof.
2.2 Employee will to the reasonable satisfaction of Employer at
all times faithfully, industriously, and to the best of Employee's
ability, experience, and talents perform all of the duties that may be
required of and from Employee pursuant to the express and implicit
terms hereof.
2.3 Employee shall devote substantially all of Employee's
professional time, attention, knowledge, and skills solely to the
business and interests of Employer; provided, however, that Employee
shall be entitled annually to three (3) weeks vacation, and Employer
shall be entitled to all of the benefits, profits, and other issues
arising from or incident to all professional work, services, and
advice of Employee.
3. Compensation. Employer shall pay Employee, and Employee shall
accept from Employer, in payment for Employee's services rendered to Employer
hereunder an annual base salary ("Base Salary") equal to one hundred eighty
three thousand six hundred dollars ($183,600). Such Base Salary shall be paid in
equal bi-weekly installments and, in the sole discretion of Employer, shall be
subject to annual merit increase reviews.
3.1 Bonuses. During the term of this Agreement, Employee will be
eligible to participate in and bonuses may be awarded to Employee at
the discretion of the Board of Directors in accordance with the terms
of Employer's 1998 Salaried Bonus Plan (the "Bonus Plan"), as the same
may be amended, modified, or terminated from time to time.
3.2 Reimbursement of Business Expenses. Employer agrees to
reimburse Employee for reasonable travel, entertainment, and other
business expenses incurred in the performance of Employee's duties
hereunder in accordance with Employer's policies on terms no less
favorable than those policies in effect immediately prior to the date
hereof.
3.3 Benefits. Employee shall be entitled to participate in an
equitable manner with other senior executive employees of Employer in
all welfare benefit, incentive compensation, or other plans or
arrangements authorized, adopted, and maintained from time to time by
Employer, including, without limitation, the following: automobile
allowance, profit sharing plan, medical reimbursement plan, group life
insurance plan, medical and dental insurance plan, and long-term
disability income plan, if in effect with Employer.
4. Non-Competition, Nonsolicitation and Nondisparagement.
4.1 Employee acknowledges and recognizes the highly competitive
nature of the business of Employer and its affiliates and accordingly
agrees as follows: during the Employment Term and until the date that
is eighteen (18) months after the date that Employee ceases employment
with Employer for any reason (the Employment Term and such period
hereinafter referred to as the "Noncompetition Period"), Employee will
not, in any area in the world where Employer conducts business,
directly or indirectly own, manage, operate, control, be employed by,
consult with, or be connected in any manner with the ownership (other
than passive investments of not more than one percent of the
outstanding shares of, or any other equity interest in, any company or
entity listed or traded on a national securities exchange or in an
over-the-counter securities market), management, operation, or control
of any business engaged in the production and/or marketing of pasta
products for human consumption. Notwithstanding any provision of this
Agreement to the contrary, if Employee is employed by Employer, then
any breach of the provisions of this Section 4.1 shall permit Employer
to terminate the employment of Employee for Cause (as defined below),
and, whether or not Employee is employed by Employer, from and after
any breach by Employee of the provisions
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of this Section 4.1, then Employer shall cease to have any obligations
to make payments to Employee under this Agreement.
4.2 During the Noncompetition Period, Employee will not directly
or indirectly induce or attempt to induce any employee of Employer or
any of its affiliates to engage in any activity in which Employee is
prohibited from engaging by Section 4.1 hereof or to terminate
Employee's or her employment with Employer or any of its affiliates,
will not directly or indirectly assist or attempt to assist others in
engaging in any of the activities in which Employee is prohibited from
engaging by Section 4.1 hereof, and will not directly or indirectly
employ or offer employment to any person who was employed by Employer
or any of its affiliates unless such person shall have ceased to be
employed by Employer or any of its affiliates for a period of at least
12 months.
4.3 During the Noncompetition Period, Employee will not directly
or indirectly induce or attempt to induce any customer or supplier of
Employer or any of its affiliates to move, reduce or not increase its
trade or business with Employer or any of its affiliates.
4.4 Employee acknowledges and agrees that disparaging or critical
statements made by Employee about Employer or its board members,
officers or employees would be uniquely detrimental to the interests
of both parties. Therefore, during the Noncompetition Period, Employee
agrees to refrain from making any disparaging or critical statements
about Employer or its board members, officers or employees.
4.5 Employee acknowledges that the restrictions contained in
Sections 4.1, 4.2, 4.3 and 4.4 are reasonable and appropriate.
However, in the event that a court of competent jurisdiction
determines that such restrictions are not reasonable and therefore
unenforceable, the parties agree that such court may modify the
restrictions in order for, but only to the least extent necessary for,
the restrictions to be enforced by such court. In the event such court
finds that any such restriction cannot be modified so as to make it
enforceable, such restriction may be deleted by such court and the
enforceability of all other restrictions will be unaffected by such
deletion.
5. Confidentiality. Employee acknowledges that, in and as a result of
Employee's employment by Employer, Employee has been and will be making use of,
acquiring, and/or adding to confidential information of a special and unique
nature and value relating to such matters as Employer's trade secrets, systems,
procedures, manuals, confidential reports, and lists of customers and/or other
services rendered by Employer, the equipment and methods used and preferred by
Employer's customers, and the prices paid by such customers. As a material
inducement to Employer to enter into this Agreement, and to pay to Employee the
compensation referred to in Section 3 hereof, Employee covenants and agrees
Employee shall not, at any time during or after the Employment Term, directly or
indirectly disclose, divulge, or use for Employee's own benefit or purposes or
the benefit or purposes of any other person, firm, partnership, joint venture,
association, corporation, or other business organization, entity, or enterprise
other than Employer and any of its subsidiaries or affiliates any trade secrets,
information, data, or other confidential information relating to customers,
development programs, costs, prices, marketing, trading, investment, sales
activities, promotion, credit and financial data, manufacturing processes,
financing methods, plans, or the business and affairs of
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Employer generally or of any subsidiary or affiliate of Employer, provided,
however, that the foregoing shall not apply to information that is not unique to
Employer or that is generally known to the industry or the public other than as
a result of breach of this covenant. Employee agrees that, upon termination of
Employee's employment with Employer for any reason, Employee will return to
Employer immediately all memoranda, books, manuals, training materials, records,
computer software, papers, plans, contracts, agreements, information, letters,
and other data, and all copies thereof or therefrom, in any way relating to the
business of Employer and its affiliates, except that Employee may retain
personal notes, notebooks, and diaries. Employee further agrees that Employee
will not retain or use for Employee's account at any time any trade names,
trademark, or other proprietary business designation used or owned in connection
with the business of Employer or its affiliates.
6. Specific Performance and Survival.
6.1 Employee acknowledges and agrees that Employer's remedies at
law for a breach or threatened breach of any of the provisions of
Section 4 hereof or Section 5 hereof would be inadequate and, in
recognition of this fact, Employee agrees that, in the event of such a
breach or threatened breach, in addition to any remedies at law,
Employer, without posting any bond, shall be entitled to obtain
equitable relief in the form of specific performance, temporary
restraining order, temporary or permanent injunction, or any other
equitable remedy that may then be available.
6.2 The parties agree that the terms of Sections 4, 5 and 6 are
independent of and separable from the other provisions of this
Agreement and that the termination of this Agreement for any reason
will not affect the continued existence and enforceability of Sections
4, 5 and 6. Those Sections will survive and continue to be fully
binding on and enforceable against Employee and Employer after any
termination of this Agreement.
7. Termination of Employment
7.1 Termination without Cause; Resignation for Good Reason.
7.1.1 General. (a) Subject to the provisions of Sections
7.1.2 and 7.1.3 hereof, if Employee's employment is terminated by
Employer without Cause, as defined in Section 7.3, or if Employee
resigns from Employee's employment for Good Reason, as defined in
Section 7.4, then Employer shall pay Employee severance in the
amount of (i) Employee's accrued unpaid Base Salary to the date
of termination or resignation and any bonus earned but not paid
as of that date, and (ii) continuation of Employee's annual Base
Salary, as adjusted under Section 3, as of the date of
termination or resignation for a period of twelve (12) months
following the date of termination or resignation (such period
being referred to hereinafter as the "Severance Period"). In
addition, if at the time of such termination or resignation
Employee has completed ten (10) years of uninterrupted service
with Employer, the severance will include a payment in the amount
of 50% of the prorated Normal Bonus level to which Employee would
have been entitled had Employee remained employed through the
then applicable bonus period. The Normal Bonus level will be
calculated at the end of the bonus period and is subject to all
adjustments and reductions determined by the Board of Directors
and made applicable to all bonus plan participants. To the extent
such calculation results in a bonus to be paid, that amount
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will be prorated for the number of weeks of the bonus period
occurring prior to the week in which the termination or
resignation occurred. The Base Salary shall be payable in equal
bi-weekly installments during the Severance Period, and any bonus
shall be payable at the conclusion of the Severance Period.
(b) During the Severance Period and for a period of six
(6) months thereafter, Employee shall also be eligible to
participate on the same terms and conditions as in effect
immediately prior to such termination or resignation in all
health, medical, supplemental medical, and life insurance
plans or programs provided to Employee by Employer pursuant
to Section 3.7 hereof ("Employee Welfare Plans") at the time
of such termination or resignation and which are provided by
Employer to its employees following the date of such
termination or resignation; provided, however, that
Employee's eligibility to participate in these Employee
Welfare Plans shall end at such time as Employee becomes
eligible to receive coverage under comparable programs of a
subsequent employer and further provided that if Employee
participates in the Employee Welfare Plans for a period of
eighteen (18) months from the date of termination or
resignation, then Employee's COBRA rights shall commence at
the end of such eighteen (18) month period. If, during the
Severance Period, Employee is precluded from participating
in any Employee Welfare Plan by its terms or applicable law,
then Employer will provide Employee with benefits that are
reasonably equivalent to those Employee would have received
under such plan had Employee been eligible to participate
therein. Anything to the contrary herein notwithstanding,
Employer shall have no obligation to continue to maintain
any Employee Welfare Plan during the Severance Period solely
as a result of this Agreement. As an example and solely for
purposes of illustration: If Employer were to terminate its
dental insurance plan prior to or during the Severance
Period, then Employer would have no obligation to maintain
such plan or provide to Employee individual dental insurance
to satisfy its obligations under this Section 7.1.1.
7.1.2 Mitigation. Employee will be required to
mitigate the amount of any payment provided for in Section 7.1.1
hereof by seeking other employment, and the amount of any such
payment will be reduced by any compensation earned by Employee as
the result of Employee's employment by another employer or acting
as a consultant or in any other self-employed capacity subsequent
to termination of Employee's employment with Employer.
7.1.3 Death During Severance Period. If Employee dies
during the Severance Period, then the Severance Period shall
immediately cease, Employer shall not be obligated to make any
further payments pursuant to this Section 7, and the provisions
of Section 8.1 hereof shall apply as though Employee's death had
occurred immediately prior to termination of Employee's
employment hereunder.
7.1.4 Date of Termination. The date of termination of
employment without Cause shall be the date specified in a written
notice of termination to Employee which in no case shall be more
than 30 days following the date of notice. The date of
resignation for Good Reason shall be the date specified in the
written notice of resignation from Employee to Employer which in
no case shall be more than 30 days following the date of notice.
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7.2 Termination for Cause; Resignation Without Good Reason.
7.2.1 General. If Employee's employment hereunder is
terminated by Employer for Cause, or if Employee resigns from
Employee's employment hereunder other than for Good Reason (a
"Voluntary Termination"), then Employee shall be entitled only to
payment of Employee's Base Salary, as adjusted under Section 3,
earned through and including the date of termination or
resignation. Employee shall have no further right to receive any
other compensation or to participate in any other plan,
arrangement, or benefit, after such termination for Cause or
Voluntary Termination.
7.2.2 Date of Termination. Subject to Section 7.3
hereof, the date of termination for Cause shall be the date of
receipt by Employee of notice such termination. The date of
Voluntary Termination shall be the date of receipt by Employer of
the notice of resignation.
7.3 Cause. Terminate for "Cause" means termination of
Employee's employment because, in Employer's good faith belief, (i)
Employee willfully and continually failed substantially to perform
Employee's duties under the Agreement (other than as a result of
Permanent Disability, as defined below), (ii) Employee failed to
comply with any of the material term(s) of this Agreement, including,
but not limited to, Sections 4 and 5 hereof, (iii) Employee committed
an act or acts that constituted a misdemeanor (other than a minor
traffic violation) or a felony under the law of the United States
(including any subdivision thereof) or any country to which Employee
is assigned (including any subdivision thereof), including, but not
limited to, Employee's conviction for or plea of guilty or no contest
("nolo contrendre") to any such misdemeanor or felony, (iv) Employee
committed an act or acts in violation of Employer's policies and/or
practices applicable to employees at the level of Employee within
Employer's organization, (v) Employee willfully acted, or willfully
failed to act, in a manner that was injurious to the financial
condition or business reputation of Employer or any of its
subsidiaries or affiliates, (iv) Employee acted in a manner that is
unbecoming of Employee's position with Employer, regardless of whether
such action or inaction occurs in the course of the performance of
Employee's duties with Employer, or (v) Employee was subject to any
fine, censure, or sanction of any kind, permanent or temporary, issued
by the Securities and Exchange Commission or the New York Stock
Exchange.
7.4 Good Reason. For purposes of this Agreement, "Good
Reason" means any of the following actions taken by Employer without
Employee's prior written consent: (i) the continued failure of
Employer to pay compensation due to Employee under this Agreement,
which failure is uncorrected for a period of 15 days following receipt
by Employer of written notice thereof from Employee; (ii) a material
diminution in Employee's position, authority, duties, or
responsibilities, excluding for this purpose an isolated,
insubstantial, or inadvertent action not taken in bad faith and that
is remedied by Employer promptly after receipt of written notice
thereof given by Employee; provided, however, that a
mere change of Employee's title shall not constitute Good Reason so
long as Employee continues to perform duties, functions, and
responsibilities substantially equivalent to those performed by
Employee prior to such change of title; (iii) Employer's material
failure or refusal to comply with the provisions of this Agreement,
which failure or refusal to comply is uncorrected for a period of 15
days following receipt by Employer of written notice thereof from
Employee. It is expressly understood and
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agreed by the parties hereto that Employer's failure to deliver a
notification extending the Initial Employment Term as referred to in
Section 1 hereof shall not constitute a termination without Cause.
7.5 Conditions to Severance Payments. Employer's
obligation to make any severance payments due hereunder or to provide
any benefits to Employee after any termination or resignation
hereunder (other than COBRA benefits) is expressly conditioned on
Employee complying in full with the obligations under Sections 4, 5
and 6. In the event Employee does not fully comply with such
obligations or in the event any such obligations are determined by any
court to be unenforceable to any extent, Employer shall be relieved of
all obligations to provide any severance or post-termination benefits.
8. Death or Permanent Disability.
8.1 Death. If Employee's employment hereunder is terminated by
death, then Employer shall, within 90 days of the date of death, make
a lump sum payment to Employee's estate (or other beneficiary
designated by Employee in writing) equal to all Base Salary and
bonuses, if any, earned and accrued through the date of death.
Thereafter, Employer shall have no further obligation to Employee
under the Agreement.
8.2 Permanent Disability. If Employee becomes physically or
mentally disabled while employed by Employer under this Agreement so
that Employee is--with or without reasonable accommodation--unable to
render the services provided for by this Agreement for a period of six
consecutive months or for shorter periods aggregating six months
during any 24-month period, or so that Employee has a Disability (as
defined under Employer's then-current disability policy), then
Employer may, at any time after the last day of the six consecutive
months of disability, the day on which the shorter periods of
disability equal an aggregate of six months, or the day on which
Employee is determined to have a Disability, terminate Employee's
employment hereunder for "Permanent Disability" by written notice to
Employee. Following such termination, Employee shall be entitled to
receive from Employer (i) all Base Salary and bonuses, if any, accrued
through the date of termination and (ii) any other benefits payable
under Employer's then-current disability policy, but all other rights
of Employee hereunder shall terminate as of the date of Employee's
termination.
9. Change of Control.
9.1 Notwithstanding anything to the contrary contained herein, if
Employer terminates Employee without Cause upon or within six months
following a Change of Control (as defined below), then Employer shall
pay Employee Employee's accrued unpaid Base Salary to the date of
termination and any bonus earned but not paid and shall continue to
pay Employee Employee's annual Base Salary as of the date such
termination occurs for a period of one (1) year following the date of
termination as severance pay (such period being referred to
hereinafter as the "Change of Control Severance Period") and bonus for
the year in which the termination occurs (calculated as if the Normal
Bonus for that year is earned). Any severance payable pursuant to this
Section 9.1 will be in substitution for and not in addition to any
severance that might be payable pursuant to Section 7 hereof. To the
extent Employer makes payments pursuant to this Section 9.1, it will
have no additional obligations under Section 7 hereof. The
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Base Salary shall be payable in bi-weekly payments during the Change
of Control Severance Period, and the bonus shall be paid at the
conclusion of the Change of Control Severance Period.
9.2 Upon a Change in Control, all options to purchase stock of
Employer held by Employee, to the extent not then exercisable, will
immediately become fully vested and exercisable and all restrictions
on any stock grants will immediately be removed.
9.3 For purposes of this Agreement, "Change of Control" means any
one of the following:
(a) any person or group (as defined in Section 13(d)(3) of
the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) acquiring beneficial ownership of more than 50% of
Employer's then outstanding Common Stock or 51 % or more of the
combined voting power of Employer's then outstanding securities
entitled generally to vote for the election of Employer's
Directors;
(b) the consummation of the merger or consolidation of
Employer with any other corporation, other than a merger with a
wholly-owned subsidiary, the sale of substantially all of the
assets of Employer, or the liquidation or dissolution of
Employer, unless, in the case of a merger or consolidation, (x)
the Directors in office immediately prior to such merger or
consolidation will constitute at least majority of the Board of
Directors of the surviving corporation of such merger or
consolidation and any parent (as such term is defined in Rule
12b-2 under the Exchange Act) of such corporation, or (y) the
voting securities of Employer outstanding immediately prior
thereto represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity) more
than 66 2/3% of the combined voting power of the voting
securities of Employer or such surviving entity and are owned by
all or substantially all of the persons who were the holders of
the voting securities of Employer immediately prior to the
transaction in substantially the same proportions as such holders
owned such voting securities immediately prior to the
transaction; or
(c) Continuing Directors (as defined below) no longer
constitute at least a majority of the Board or a similar body of
any successor to Employer. For purposes of this Agreement,
"Continuing Directors" means any individual who either (i) is a
member of Employer's Board of Directors on the Effective Date,
(ii) who becomes a director after the Effective Date whose
election or nomination for election by Employer's shareholders,
was approved by a vote of at least a majority of the Continuing
Directors (either by a specific vote or by approval of the proxy
statement of Employer in which such person is named as nominee
for director, without objection to such nomination), or (iii) is
designated by any party pursuant to its rights under Section 2.1
of Employer's Amended and Restated Shareholders' Agreement dated
as of October 4, 1997, as amended.
9.4 Excess Parachute Payments. If any payment or the
receipt of any benefit under this Agreement shall be deemed to
constitute an "excess parachute payment" as such term is described in
Section 280G of the Internal Revenue Code of 1986, as amended (the
"Code"), so as to result in the loss of a deduction to Employer under
Code Section 280G or in the imposition of an excise tax on the
Employee under Code Section 4999, or any successor sections thereto,
then the amounts payable or the benefits provided under this Agreement
shall be reduced to the
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minimum extent necessary so that no such deduction will be lost by
Employer and no such excise tax will be imposed on the Employee.
Employer, in its sole discretion, shall determine whether or not an
"excess parachute payment" would otherwise occur and shall determine
the amount and method of the foregoing reduction.
10. Miscellaneous.
10.1 Assignment of Employee Benefits. Absent the prior written
consent of Employer, and subject to will and the laws of descent and
distribution, Employee shall have no right to exchange, convert,
encumber, or dispose of the rights of Employee to receive benefits and
payments under this Agreement, which payments, benefits, and rights
thereto are non-assignable and non-transferable.
10.2 Burden and Benefit. This Agreement shall be binding upon,
and shall inure to the benefit of, Employer and Employee, their
respective heirs, personal, and legal representatives, successors, and
assigns.
10.3 Governing Law. In view of the fact that the principal office
of Employer is located in the State of Missouri, the parties
understand and agree that the construction and interpretation of this
Agreement shall at all times and in all respects be governed by the
laws of the State of Missouri, that the state and federal courts
situated in the State of Missouri shall have exclusive jurisdiction
over any claims arising under or in relation to this Agreement, and
that the parties consent to personal jurisdiction in such state and
federal courts.
10.4 Headings. The headings of the Sections of this Agreement are
for reference only and not to limit, expand, or otherwise affect the
contents of this Agreement.
10.5 Entire Agreement; Modification. Except as to Employer's
Stock Option Plans, any instrument relating to an Option granted
thereunder and written agreements signed by both of the parties hereto
from time to time after the date hereof, this Agreement contains the
entire agreement and understanding by and between Employer and
Employee with respect to the subject matter hereof, and any
representations, promises, agreements, or understandings, written or
oral, not herein contained shall be of no force or effect. No change,
waiver, or modification of any provision of this Agreement shall be
valid or binding unless the same is in writing and duly executed by
both parties and no evidence of any waiver or modification shall be
offered or received in evidence of any proceeding, arbitration, or
litigation between the parties hereto arising out of or affecting this
Agreement, or the rights or obligations of the parties hereunder,
unless such waiver or modification is in writing, duly executed as
aforesaid, and the parties further agree that the provisions of this
Section 10.6 may not be waived except as set forth herein.
10.6 Waiver of Breach. The waiver by Employer of a breach of any
provision of this Agreement by Employee shall not operate or be
construed as a waiver of any subsequent breach by Employee.
10.7 Notice. For the purpose of this Agreement, notices and all
other communications provided for in the Agreement shall be in writing
and shall be deemed to have been duly given when delivered or mailed
by United States registered mail, return receipt
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requested, postage prepaid, addressed to the respective addresses set
forth on the execution page of this Agreement, provided, however, that
all notices to Employer shall be directed to the attention of the
Board of Directors of Employer with a copy to the Secretary of
Employer, or to such other address as either party may have furnished
to the other in writing in accordance herewith, except that notice of
change of address shall be effective only upon receipt.
10.8 Withholding Taxes. Employer may withhold from any amounts
payable under this Agreement such federal, state, and local taxes as
may be required to be withheld pursuant to any applicable law or
regulation.
10.9 Counterparts. This Agreement may be signed in counterparts,
each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument.
IN WITNESS WHEREOF, Employer and Employee have duly executed this
Agreement as of the day and year first hereof written.
EMPLOYEE:
Signature: /s/ Xxxxx X. Dear
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Printed Name: Xxxxx X. Dear
Address: 0000 XX Xxxxxxxxxx Xxxxx
Xxxxxx Xxxx, XX 00000
AMERICAN ITALIAN PASTA COMPANY
By: /s/ Xxxxxx Xxxxxxxxxx
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Printed Name: Xxxxxx Xxxxxxxxxx
Address: 0000 Xxxxx Xxxxxxxx Xxxxx
Xxxxx 000
Xxxxxx Xxxx, XX 00000-0000
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