Kevin L. Lilly Vice President, Secretary and General Counsel 13515 Ballantyne Corporate Place Charlotte, North Carolina 28277 November 10, 2006 Mr. Thomas J. Riordan 13515 Ballantyne Corporate Place Charlotte, North Carolina 28277 Dear Tom:SPX Corp • November 13th, 2006 • Metalworkg machinery & equipment
As discussed with you, the effective date of your separation from SPX Corporation (the “Company”) will be January 2, 2007. This letter, otherwise known as the Separation Agreement and General Release, sets forth the terms upon which you and the Company have agreed your employment will be terminated (hereinafter the Separation Agreement and General Release will be referenced as the “Agreement”).
