EXHIBIT 10.1 [SPURLOCK INDUSTRIES, INC. LETTERHEAD] March 4, 1998 To: Larry Birkholz From: Phil Sumpter Dear Larry, The purpose of this memorandum is to document our agreement relative to severance compensation should the company decide to terminate...Severance Agreement • November 16th, 1998 • Spurlock Industries Inc • Adhesives & sealants
The purpose of this memorandum is to document our agreement relative to severance compensation should the company decide to terminate your employment. This arrangement is in recognition of the circumstances under which you joined the company and the critical nature of your position.
EXHIBIT 10.2 [SPURLOCK INDUSTRIES, INC. LETTERHEAD] March 4, 1998 To: Kirk Passopulo From: Phil Sumpter Dear Kirk, The purpose of this memorandum is to document our agreement relative to severance compensation should the company decide to terminate...Severance Agreement • November 16th, 1998 • Spurlock Industries Inc • Adhesives & sealants
The purpose of this memorandum is to document our agreement relative to severance compensation should the company decide to terminate your employment. This arrangement is in recognition of twenty four years of service with Spurlock Adhesives in a number of responsible positions and for your willingness to make a transition from a plant operations environment into a corporate role.
