July 29, 2005 Mr. William T. Hull 9395 Hunt Club Trail Warren, OH 44484 Dear Mr. Hull:Employment Agreement • August 4th, 2005 • Rti International Metals Inc • Rolling drawing & extruding of nonferrous metals • Ohio
This Letter Agreement sets forth the basis upon which I have been authorized by the Board of Directors of RTI International Metals, Inc. (“Company”) to employ you in the executive officer position described in Paragraph 1 below for the Employment Period (as hereinafter defined). The “Employment Period” shall initially be the period August 1, 2005 through July 31, 2008; provided, however, that on August 1, 2008, and each August 1 thereafter, the Employment Period shall automatically be extended for one additional year unless, not later than the immediately preceding May 1, either you or the Company shall have given written notice to the other that you or it does not wish to extend the Employment Period; and provided further that the Employment Period shall terminate automatically when you attain age sixty-five (65). In the event this Letter Agreement is terminated for any reason other than your death, your obligations as set forth in Paragraph 9 shall survive and be enforceable notwiths
