Exhibit 10.45
Heartland Technology, Inc.
000 Xxxx Xxxxxxx Xxxxxxxxx
Xxxxxxx, Xxxxxxxx 00000
[date]
Xx. Xxxxx Xxxxxxxx
161 East Chicago Avenue
Apartment 43H
Xxxxxxx, Xxxxxxxx 00000
Re: Third Amendment to Employment Agreement
Dear Xx. Xxxxxxxx:
We are writing with respect to your employment by Heartland
Technology, Inc., formerly known as Milwaukee Land Company (the "Company"), as
President and Chief Executive Officer of the Company, pursuant to an Employment
Agreement, dated June 29, 1993 and amended August 7, 1996 and June 1, 1997 (as
so amended, the "Employment Agreement"), the terms of which expire on May 30,
2002. The Company acknowledges and recognizes the value of your experience and
abilities to the Company and desires to continue to retain and make secure for
itself such experience and abilities through May 30, 2005.
Therefore, subject to your signing and returning to the Company,
c/o Xxxxxxx X. Xxxxxxxxxxxx, a duplicate original of this letter, effective as
of the date hereof, Section 1 and Section 7(d)(i) of the Employment Agreement
are hereby amended to delete the date "May 30, 2002" and substitute therefor the
date "May 30, 2005." Except as amended by this letter, the Employment Agreement
remains in full force and effect in accordance with its terms.
If the foregoing is satisfactory, please indicate your agreement by
signing and returning to the Company the enclosed copy of this letter whereupon
this will constitute our agreement on the subject.
HEARTLAND TECHNOLOGY, INC.
By:
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Its:
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ACCEPTED AND AGREED TO:
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Xxxxx Xxxxxxxx