November 9, 2007
Exhibit 10.26
November 9, 2007
Xxxxxx XxXxxxxx, Chief Executive Officer
Xxxx X. Xxxxxxx, Xx., President
Xxxxx X. Xxxxxx, Director of Blast Mitigating Receptacles
Xxxxxxx X. Xxxxxx, Chief Financial Officer
Xxxxx Xxxxxx, Vice President
Gentlemen:
This letter shall serve as an amendment to each of your employment agreements to cut back on the number of performance options that you were entitled to receive. In this respect, in the event you are entitled to receive a performance option, you shall be granted one-third of the scheduled amount, thereby eliminating your entitlement to the remaining two-thirds.
Please sign below indicating your acceptance of these terms as an amendment to your employment agreement.
Agreed to and Accepted by:
/s/ Xxxxxx XxXxxxxx |
| /s/ Xxxx X. Xxxxxxx, Xx. |
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Xxxxxx XxXxxxxx |
| Xxxx X. Xxxxxxx, Xx. |
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Chief Executive Officer |
| President |
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/s/ Xxxxx X. Xxxxxx |
| /s/ Xxxxxxx X. Xxxxxx |
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Xxxxx X. Xxxxxx |
| Xxxxxxx X. Xxxxxx |
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Director of Blast Mitigating Receptacles |
| Chief Financial Officer |
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/s/ Xxxxx X. Xxxxxx |
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Xxxxx X. Xxxxxx, Vice President |
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