Change in Control AgreementChange in Control Agreement • February 5th, 2009 • Starrett L S Co • Cutlery, handtools & general hardware • Massachusetts
The L.S. Starrett Company (the “Company”) considers it important and in the best interests of its stockholders to foster the continuous employment of key management personnel. In this connection, the Board of Directors of the Company (the “Board”) recognizes that, as is the case with many publicly held corporations, the possibility of a change in control of the Company may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of key management personnel to the detriment of the Company and its stockholders.
FORM OF AGREEMENT NOT TO COMPETENon-Compete Agreement • February 5th, 2009 • Starrett L S Co • Cutlery, handtools & general hardware • Massachusetts
