Common Contracts
2 similar Executive Employment Agreement contracts by Waterlink Inc
EXHIBIT 10.3 February 7, 2002 Mr. T. Scott King 4571 Windstream Lane Brecksville, Oh 44141 Dear Scott: This letter sets forth our understanding of the modifications we agreed to regarding your Executive Employment Agreement dated as of May 21, 1998,...Executive Employment Agreement • February 14th, 2002 • Waterlink Inc • Misc industrial & commercial machinery & equipment
EXHIBIT 10.4 February 7, 2002 Mr. Mark Brody 9355 Roryanna Drive Chardon, Ohio 44024 Dear Mark: This letter sets forth our understanding of the modifications we agreed to regarding your Executive Employment Agreement dated as of January 20, 2000, as...Executive Employment Agreement • February 14th, 2002 • Waterlink Inc • Misc industrial & commercial machinery & equipment
This letter sets forth our understanding of the modifications we agreed to regarding your Executive Employment Agreement dated as of January 20, 2000, as amended (the "Agreement"). Effective as of January 1, 2002, the Company's payment obligations under Article 8 (other than Section 8.5) of the Agreement shall be payable in equal semi-monthly installments on the fifteenth and last day of each month, with each such payment being $3,750. It is agreed that the payments which otherwise have been due on January 15 and January 31 will be paid one-half on February 15 and one-half on February 28, making each February payment being $7,500. We both acknowledge and agree that this letter does not change the Company's obligations under the Agreement as to the total amount to be paid thereunder, but modifies the timing of payment.
