RESTRICTIVE COVENANT AGREEMENTRestrictive Covenant Agreement • October 13th, 2009 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is entered into as of [ ], by and between [ ] (“Employee”) and WSI Industries, Inc., (the “Company” or the “Employer”).
WSI INDUSTRIES LETTERHEAD] Severance Letter Agreement October 7, 2009Wsi Industries, Inc. • October 13th, 2009 • Metalworkg machinery & equipment • Minnesota
The purpose of this Letter Agreement is to set forth our agreement in regard to your severance arrangement. Although your employment is “at will” and may be terminated by you or WSI Industries, Inc. (“WSI”) at any time for any reason, WSI has agreed to provide you with a particular severance pay benefit in the event WSI terminates your employment without Cause (as defined below). Terms not otherwise defined in this letter (the “Letter Agreement”) shall have the meaning given such terms on Schedule 1, which is incorporated herein by reference. WSI’s obligation to you under this Letter Agreement is, among the other requirements set forth below, subject to the condition that you execute a Restricted Covenant Agreement in the form attached as Exhibit A, which is incorporated herein by reference.
EMPLOYMENT AGREEMENTRestrictive Covenant Agreement • October 13th, 2009 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS AGREEMENT (“Agreement”) is entered into as of October 7, 2009 by and between WSI Industries, Inc. (the “Company”), and Michael J. Pudil (the “Executive”).
EMPLOYMENT (CHANGE IN CONTROL) AGREEMENTControl) Agreement • October 13th, 2009 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
AGREEMENT made effective as of this 12 day of October, 2009 by and between WSI Industries, Inc., a Minnesota corporation with its principal offices at Wayzata, Minnesota (“WSI”) and Benjamin Rashleger (the “Executive”).
