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Exhibit 10.10
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
This is a First Amendment to the Employment Agreement entered into the
9th day of September, 1994, by and between NEENAH FOUNDRY COMPANY, a Wisconsin
corporation, and its affiliated companies, to-wit, NEENAH CORPORATION, XXXXXXX
CONTROLS CORPORATION and NEENAH TRANSPORT, INC., hereinafter called the
Employer, and XXXXX X. XXXXXXX, XX., of Neenah, Wisconsin, hereinafter called
the Employee.
WITNESSETH:
WHEREAS, the parties desire to amend the aforesaid employment
agreement.
NOW, THEREFORE, it is agreed between the parties that the employment
agreement be as amended as follows:
1. That Section 11 be deleted in its entirety and replaced with
the following Section 11.
"11. Supplemental Employee Retirement Payments (SERP).
As additional consideration for entering into this
Employment Agreement, which Employment Agreement ends
prior to Employee reaching age sixty-five, Employer
agrees that at the end of this Employment Agreement
period, Employee shall be paid full benefits under
Employer's SERP plan as if he retired at age
sixty-five without regard to Employer's right to
amend, modify or revoke the SERP Plan. The SERP
payments will commence on July 1, 1997. Employer and
Employee agree that Employee's benefits under the
SERP plan shall be fully vested and irrevocable as of
the date of this Agreement."
2. All other terms and conditions of the employment
agreement, except as modified by this first amendment, are agreed by both
parties to be in full force and effect and binding on their heirs, personal
representatives, successors and assigns.
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IN WITNESS WHEREOF, the parties have set their hands and seals
this 23rd day of July, 1996.
In the Presence of:
COMPANY:
NEENAH FOUNDRY COMPANY
By: __________________________________
Name:
Title:
NEENAH CORPORATION
By: __________________________________
Name:
Title:
XXXXXXX CONTROLS CORPORATION
By: __________________________________
Name:
Title:
NEENAH TRANSPORT, INC.
By: __________________________________
Name:
Title:
CONSULTANT:
______________________________________
Xxxxx X. Xxxxxxx, Xx.
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