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Exhibit 10(s)
SUPPLEMENTAL AGREEMENT
This Supplemental Agreement is entered into between Xxxxxxx
Xxxxxxx ("Xxxxxxx") and Raychem Corporation ("Raychem") to modify one provision
of their letter agreement describing the terms of Kashnow's employment by
Raychem dated August 11, 1995 (the "Agreement"). The parties hereto agree as
follows:
1. SPECIAL TRANSITION PAYMENT
(A) With respect to the total amount payable by
Raychem under the "Special Transition Payment" provisions of paragraph 3 of the
Agreement, which amount is indeterminable as of the date hereof, Raychem shall
pay such amount to the trust established in connection with the Raychem
Corporation Executive Deferred Compensation Plan (the "Deferred Compensation
Plan") and credit such amount to an account for Kashnow under the Deferred
Compensation Plan on the day such amount would otherwise have been paid to
Kashnow in satisfaction of Raychem's payment obligation under the Agreement.
(B) The amount described in subparagraph (a) above
which is credited to an account for Kashnow under the Deferred Compensation Plan
shall be treated as a "Deferral Amount" for the "Participation Year" ending June
30, 1996, subject to all of the general terms and conditions of the Deferred
Compensation Plan. Accordingly, 100 percent of such
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Deferral Amount (as adjusted for net investment income or loss attributable
thereto) will be determined as of December 31, 1996, and distributed to Kashnow
as soon as practicable thereafter unless Kashnow files a "Subsequent Deferral
Election" with the Administrator of the Deferred Compensation Plan on or before
June 3, 1996 to defer payment of all or any portion of the amount otherwise
distributable for an additional one-year period (or such longer period as is
approved by the Administrator).
2. GENERAL
Except as expressly provided otherwise by this Supplemental
Agreement, all of the terms and conditions of the Agreement remain in full force
and effect.
Dated: February 5, 1996 RAYCHEM CORPORATION
By: /s/ Xxxxx Xxxxx
Dated: February 5, 1996 /s/ X.X. Xxxxxxx
Xxxxxxx Xxxxxxx
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