Sequa Corporation
Exhibit 10.3
Sequa Corporation
000 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
212-956-5500
May 10, 2006
Xx. Xxxxxx Xxxxxxxxx
00 Xxxx 00xx Xxxxxx, #00X
Xxx Xxxx, XX 00000
Re:
Employment Agreement Extension
Dear Xxxxx:
Reference is hereby made to that certain Employment Agreement dated as of May 31, 2005 by and between Sequa Corporation and you (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 two (2) years from and after May 31, 2006 through May 31, 2008.
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 X. Xxxxxxxxx
Xxxxxx X. Xxxxxxxxx
Executive Chairman
Acknowledged and Agreed
this 15 day of May , 2006
/s/ Xxxxxx Xxxxxxxxx |
Xxxxxx Xxxxxxxxx
