AGREEMENT
EXHIBIT (10.4)
This Agreement is entered into by and between Xxxxx Xxxx (“Executive”) and Xxxxxx Aircraft
Industries, Inc., a Delaware corporation with its principal place of business in Dallas, Texas
(“Xxxxxx” or the “Company”).
Executive and Xxxxxx (the “parties”) have previously entered into an agreement, dated March
29, 2006 (the “Employment Agreement”) which provided for the initial terms and conditions of
Executive’s employment with the Company and the compensation to be provided to Executive for those
services.
By their signatures below, the parties agree that the terms of the Employment Agreement shall
be amended as follows:
1) Paragraph 2, subsection (b) shall be amended by deleting the following
words:
“...with a maximum bonus opportunity for calendar year 2006 equal to 150% of Annual Base
Salary.”
and substituting the following words:
“...in such amount as may be approved by the Board (or its Committee).”
2) Paragraph 2, subsection (g) shall be amended by deleting the following
words:
“...annual reimbursements for financial and tax planning, up to a maximum of $10,000 per
year...”
and substituting the following words:
“...annual reimbursements for financial and tax planning in accordance with
plans or arrangements of the Company, as may be amended from time to time, which are
applicable to other senior officers of the Company.”
The Employment Agreement shall remain unchanged in all other respects.
| Xxxxx X. Xxxx | Xxxxxx Aircraft Industries, Inc. | |||||
/s/ XXXXX X. XXXX
|
By: | /s/ XXXXX X. XXXXXXXXXX | ||||
| Xxxxx X. XxXxxxxxxx | ||||||
| Its: | Vice President, General Counsel and Corporate Secretary | |||||
Dated: February 13, 2007
|
Dated: | February 13, 2007 | ||||
