Employment Agreement of Kevin LillyEmployment Agreement • January 6th, 2006 • SPX Corp • Metalworkg machinery & equipment • Delaware
This Employment Agreement (the “Agreement”) is effective as of the date of execution shown below (the “Effective Date”), by and between SPX Corporation (the “Company”), and Kevin Lilly (the “Executive”).
Relocation AgreementRelocation Agreement • January 6th, 2006 • SPX Corp • Metalworkg machinery & equipment
13515 Ballantyne Corporate Place Charlotte, North Carolina 28277Separation Agreement • January 6th, 2006 • SPX Corp • Metalworkg machinery & equipment
As mutually agreed between you and SPX Corporation (the “Company”), your employment with the Company ended effective as of December 31, 2005 (your “Separation Date”). At the conclusion of your employment, the Company desires to retain your Services (as hereinafter defined in Section 3) as a consultant for a specified time-period in order to make adequate provisions for the orderly transition of your prior responsibilities, and to assure that other personnel are identified and trained to assume responsibility for, and to further insure the maintenance and integrity of, the Company’s legal function, and your other prior responsibilities. This letter (hereinafter the “Agreement”) sets forth the terms and conditions applicable to your separation from the Company and ongoing consulting services.
