CHANGE OF CONTROL EMPLOYMENT AGREEMENTChange of Control Employment Agreement • February 27th, 2007 • Lennox International Inc • Air-cond & warm air heatg equip & comm & indl refrig equip • Delaware
This CHANGE OF CONTROL EMPLOYMENT AGREEMENT (the “Agreement”) by and between Lennox International Inc., a Delaware corporation (the “Company”), and (the “Executive”), dated as of the day of , 200 , to be effective as of the Agreement Effective Date (as defined in Section 11(h) hereof).
Name of Employee] [Address] [Address] Dear :Lennox International Inc • February 27th, 2007 • Air-cond & warm air heatg equip & comm & indl refrig equip
Lennox International Inc. (“Lennox”) recognizes you as a key employee, important to its future profitability, growth and financial strength. Accordingly, Lennox proposes to enter into an agreement with you to establish certain terms of your employment, including a specified duration or term of employment, the basis for your compensation and assignments, certain post-employment covenants, mechanisms to resolve disputes and certain benefits and income to you in the event you leave the employ of Lennox under certain specified circumstances (the “Agreement”). We believe the Agreement benefits both you and Lennox by clarifying your employment relationship so that we all understand its terms. The Agreement provides you with greater certainty and security with various aspects of your employment relationship, as well as provides you with information to assist you with future financial planning. In that same regard, the Agreement assists Lennox in its own financial and business planning. The pu
