ContractMiddleby Corporation Severance Agreement • March 29th, 2002 • Middleby Corp • Refrigeration & service industry machinery
Exhibit 10.14 CONFIDENTIAL THE MIDDLEBY CORPORATION SEVERANCE AGREEMENT The Middleby Corporation (“Middleby”) and Selim A. Bassoul (“Employee”) enter into this severance agreement on this 16th day of May 2001. In recognition of the Employee’s past and continued service to The Middleby Corporation, Middleby agrees to provide the Employee with two years of base salary severance and two years of normal employer provided health insurance in the event of the Employee’s involuntary termination of employment from Middleby for any reason other than Cause. Cause shall mean personal dishonesty, gross negligence, willful misconduct, breach of fiduciary duty involving personal profit, substance abuse, or commission of a felony. This two-year base salary severance and health insurance guarantee to the Employee will also be in effect in the event of a Change in Control of Middleby and shall be considered a liability of the successor owner of Middleby. In the event of a Change in Control of Middle
ContractMiddleby Corporation Severance Agreement • March 29th, 2002 • Middleby Corp • Refrigeration & service industry machinery
Exhibit 10.15 CONFIDENTIAL THE MIDDLEBY CORPORATION SEVERANCE AGREEMENT The Middleby Corporation (“Middleby”) and David B. Baker (“Employee”) enter into this severance agreement on this 7th day of June 2001. In recognition of the Employee’s past and continued service to The Middleby Corporation, Middleby agrees to provide the Employee with one year of base salary severance and one year of normal employer provided health insurance in the event of the Employee’s involuntary termination of employment from Middleby for any reason other than Cause. Cause shall mean personal dishonesty, gross negligence, willful misconduct, breach of fiduciary duty involving personal profit, substance abuse, or commission of a felony. This one-year base salary severance and health insurance guarantee to the Employee will also be in effect in the event of a Change in Control of Middleby and shall be considered a liability of the successor owner of Middleby. In the event of a Change in Control of Middleby,
ContractEmployment Agreement • March 29th, 2002 • Middleby Corp • Refrigeration & service industry machinery
Exhibit 10.16 AMENDMENT NO. 3 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT OF DAVID P. RILEY This Amendment No. 3 is made and entered into as of this 20th day of June, 2001 by and among THE MIDDLEBY CORPORATION, a Delaware corporation (“TMC”), MIDDLEBY MARSHALL INC., a Delaware corporation (“MMI”), (TMC and MMI collectively, the “Employer”) and DAVID P. RILEY (“Riley”). R E C I T A L Employer and Riley are parties to that certain Amended and Restated Employment Agreement dated as of January 1, 1995 (the “1995 Agreement”) as amended by Amendment No. 1 dated as of January 1, 1998, and by Amendment No. 2 dated as of December 4, 2000. The 1995 Agreement as so amended is sometimes referred to herein below as the “Employment Agreement”. The parties now wish to further amend the Employment Agreement to provide for a lump sum payment in full satisfaction of Riley’s annual retirement benefits. A G R E E M E N T
