1
Exhibit 10.1(c)
FIRST AMENDMENT
TO THE
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
BETWEEN
IDEX CORPORATION
AND
XXXXXX X. XXXXX
2
FIRST AMENDMENT
TO THE
AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
BETWEEN
IDEX CORPORATION
AND
XXXXXX X. XXXXX
THIS AGREEMENT made as of the 1st day of January, 1998, between IDEX
CORPORATION, a Delaware corporation with its executive offices at 000 Xxxxxx
Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000 (the "Corporation"), and XXXXXX X.
XXXXX, residing at 0000 X. Xxxxxxxx Xxxx, Xxxx Xxxxxx, Xxxxxxxx 00000 (the
"Executive").
IDEX and the Executive entered into an Employment Agreement dated as of
January 22, 1988 and executed on May 30, 1989 and subsequently amended as of
January 13, 1993 and as of September 27, 1994 and amended and restated in its
entirety as of November 22, 1996. Effective as of January 1, 1998, Executive
will no longer be serving as President of the Corporation and the parties now
wish to modify certain provisions of the Employment Agreement to conform to
this change. Therefore, IDEX and the Executive agree as follows:
1. Effective as of January 1, 1998, in each instance in Section 2, Section
5(a) and Section 5(b)(3) of the Agreement where the phrase "...Chairman of the
Board, President and the Chief Executive Officer of the Corporation..." appears
such phrase shall be deleted and in its stead the phrase "...Chairman of the
Board and the Chief Executive Officer of the Corporation..." is substituted in
lieu thereof.
2. Effective as of January 1, 1998, the first sentence of Subsection 4(a)
of the Agreement is amended by deleting the phrase "...$445,000 per year
commencing as of January 1,
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1997,..." and the phrase "...$470,000 per year commencing as of January 1,
1998,..." is substituted in lieu thereof.
IN WITNESS WHEREOF, the Executive has hereunto set his hand and the
Corporation has caused this Agreement to be executed in its name and on its
behalf as of the date first above written.
___________________________________
Xxxxxx X. Xxxxx
DATE OF EXECUTION: _________, 1997
IDEX CORPORATION
By: _______________________________
Xxxxx X. Xxxxxxxxx, Senior Vice
President - Finance and Chief
Financial Officer
DATE OF EXECUTION: _________, 1997
