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EXHIBIT 10(q)
[LETTERHEAD THE TRANZONIC COMPANIES]
June 13, 1995
Xx. Xxxxxxx X. Xxxx
0000 Xxxxxx Xxxxx
Xxxxx Xxxxx, XX 00000
Dear Rich:
This letter is written for the purpose of modifying the Employment Agreement
between you and Tranzonic dated July 1, 1992 (the "Agreement").
Section 4 of the Agreement entitled Term of Employment is hereby amended by
substituting the following for the text originally constituting that Section:
"4. Term of Employment. Subject to earlier termination
as provided herein, Executive's employment hereunder shall be
for a term commencing on July 1, 1992, and ending on the last
day of June, 1995 unless sooner terminated pursuant to the
provisions of this Agreement; provided that such term shall be
automatically extended for successive renewal terms of one year
each unless either party shall have given written notice to the
other at least three hundred sixty (360) days prior to the
expiration of the initial or renewal term then in effect that
such party elects not to renew the term of Executive's employment
for an additional renewal term upon expiration of the initial or
renewal term then in effect."
In all other respects the Agreement is reaffirmed and remains as originally
constituted. If the foregoing is complete and in accordance with your
understanding of this matter, please acknowledge the same at the place provided
on the copy of this letter and return it to the undersigned.
Sincerely,
/s/ Xxxxxx X. Xxxxxxx
RSReitman:sc
ACKNOWLEDGED BY:
/s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
