ESSI MEMORANDUM OF UNDERSTANDING --------------------------- TO: Michael F. Shanahan Sr. FROM: Gary C. Gerhardt RE: Employment Contract dated November 1, 2004 DATE: April 30, 2005 Mike: Reference is made to the Change in Control provision contained in...Memorandum of Understanding • September 27th, 2005 • Engineered Support Systems Inc • Air-cond & warm air heatg equip & comm & indl refrig equip
Reference is made to the Change in Control provision contained in paragraph 21 of your employment agreement dated November 1, 2004, a copy of which is attached. As you have stated, effective April 30, it is your intent to no longer be considered an employee of ESSI and, as a consequence, you would no longer be compensated if the Company were sold under the Change in Control provision of the employment agreement.
