Letterhead of Sequa Corporation] May 3, 2007
Exhibit
10.2.3
[Letterhead
of Sequa Corporation]
May
3,
2007
Xx.
Xxxx
X. Xxxxxxx III
0000
Xxxxxxxx Xxxx
Xxxxx,
XX
00000
Re: Employment
Agreement Extension
Dear
Xxxx:
Reference
is hereby made to that certain Employment Agreement dated as of May 31, 2005,
by
and between Sequa Corporation ("Sequa") and you as amended by that certain
letter Agreement dated May 10, 2006, between Sequa and you (collectively, the
"Employment Agreement"). Terms used herein and not otherwise defined
shall have the meanings ascribed to them in the Employment
Agreement.
This
letter shall confirm that the Employment Term as set forth in Section 3 of
the
Employment Agreement shall be extended for an additional one (1) year from
and
after May 31, 2008, through May 31, 2009.
All
other
terms and conditions of the Employment Agreement shall remain in full force
and
effect and are hereby ratified by Executive and Company.
If
the
foregoing confirms your agreement and understanding, please so indicate by
signing in the space provided below and returning one (1) original of this
letter to me.
|
Very
truly yours,
|
|
|
Sequa
Corporation
|
|
|
/s/
Xxxxxx Xxxxxxxxx
|
|
|
Xxxxxx
Xxxxxxxxx
|
|
|
Vice
Chairman and Chief Executive
Officer
|
Acknowledged
and Agreed
this
3rd
day of May, 2007
/s/
Xxxx
X. Xxxxxxx III
Xxxx
X.
Xxxxxxx III
