EXHIBIT 10.10
[LETTERHEAD OF LOCKHEED XXXXXX]
MEMORANDUM
TO: X. X. Xxxx
FROM: X. X. Xxxxx
DATE: November 8, 1995
SUBJECT: Senior Executive Retirement Plan
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This memorandum is to confirm our mutual agreement regarding the extension of
your employment to January 31, 1997 under the Xxxxxxx Supplemental Executive
Retirement Plan (SERP) provisions. This agreement will cancel your notice of
retirement as detailed in your November 1, 1995 letter.
Your employment will continue to January 31, 1997 and you will remain eligible
for the SERP benefits as follows:
. One year of salary continuation plus the average of the three prior
years' incentive compensation. During this salary continuation period,
all benefits and perquisites shall continue.
. Consulting arrangement (at 35% of base annual salary at retirement) for
a one year period following salary continuation.
. One time relocation benefit within one year of retirement.
At the end of the salary continuation period, the following retiree benefits
will continue:
. CalComp Retiree Medical Plan (if currently enrolled);
. CalComp Retiree Life Coverage of $3,000;
. Continuation of CalComp Dental Coverage for up to 18 months if elected
and premiums paid.
All other provisions of the Plan will remain the same. Please sign below if you
are in agreement.
/s/ Xxxxx X. Xxxxx /s/ Xxxx X. Xxxx
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Xxxxx X. Xxxxx Xxxx X. Xxxx
President, Information & President
Technology Services Sector CalComp
[LOGO OF CALCOMP]
A Lockheed Xxxxxx Company
0000 Xxxx Xx Xxxxx Xxxxxx
Xxxxxxx, XX 00000
**FACSIMILE TRANSMISSION**
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CONFIDENTIAL
TO: XXXX XXXX DATE: July 1, 1996
NO. OF PAGES: 1
FROM: XXXX XXXX FAX REPLY: (000) 000-0000
PHONE REPLY: (000) 000-0000
SUBJECT: RETIREMENT TO NOTIFICATION
The Xxxxxxx Early Retirement Program (SERP) requires a participant under the
plan to notify management of his intention to retire six months prior to the
planned retirement date. In order to meet that requirement, I am notifying you
of my intention to retire on January 31, 1997.
This is consistent with our discussion and the proxy. I acknowledge the
"handshake" agreement I have with you and Xxxx Xxxxx concerning continuing
through calendar 1997, and it is my intention to meet this commitment. This
notification is to ensure that I meet the requirements of the SERP.
bjg
copy: Xxxxx Xxxxxxx
