EXECUTIVE SEVERANCE AGREEMENT, made this ____ day of ___________ of 199__, between MILACRON INC., a Delaware Corporation (the "Company") and (the "Executive")Executive Severance Agreement • November 26th, 2003 • Milacron Inc • Special industry machinery, nec • Ohio
WHEREAS, the Board of Directors of the Company (the "Board") considers it essential to the best interests of the Company's stockholders to have the continuous employment of key management personnel. The Board recognizes that the possibility of a change in control of the Company exists and the uncertainty it may raise among management may result in the departure or distraction of management personnel to the detriment of the Company and its stockholders.
