EXHIBIT 10.g PENSION AGREEMENT Stephanie K. Kushner's January 22, 2002 employment offer included two options for a supplemental pension: (a) a non- qualified benefit of $50,000 per year commencing at retirement on or after age 57 or (b) in the event...Pension Agreement • March 27th, 2003 • Federal Signal Corp /De/ • Motor vehicles & passenger car bodies
Stephanie K. Kushner's January 22, 2002 employment offer included two options for a supplemental pension: (a) a non-qualified benefit of $50,000 per year commencing at retirement on or after age 57 or (b) in the event the company adopts a supplemental pension plan which is calculated in accordance with the Company's qualified plan but which includes all base salary and bonus in the calculations, the amount so calculated. Under either option there is no vesting until five years after her date of hire. With respect to option (a), her annual benefit earned during each of her first ten years of employment is equal to $5,000 per year (for example, if she left the company after six years of employment, she would have a deferred vested benefit equal to $30,000 per year, payable at age 57).
EXHIBIT 10.h EMPLOYMENT TERMINATION AGREEMENT March 7, 2003 Ms. Stephanie Kushner Dear Stephanie: This letter is to confirm our agreement that in the event Federal Signal Corporation terminates your employment without cause, Federal will pay you, or...Employment Termination Agreement • March 27th, 2003 • Federal Signal Corp /De/ • Motor vehicles & passenger car bodies
This letter is to confirm our agreement that in the event Federal Signal Corporation terminates your employment without cause, Federal will pay you, or your designated beneficiary should you die while payments are pending, an amount equal to one year's salary at the annual rate then in effect, less any applicable taxes or other deductions. The amount owing to you hereunder shall be paid in twelve equal monthly installments. The amounts payable to you hereunder shall be in addition to other payments, if any, required, as of your termination date, by other compensation or employee benefit plans maintained by Federal; however, you shall not be entitled to any employee benefits which require actual employment during the twelve-month period.
