SEVERANCE AGREEMENTSeverance Agreement • November 9th, 2005 • Lydall Inc /De/ • Textile mill products • Connecticut
THIS AGREEMENT is made and entered into as of the 17th day of October, 2005, by and between LYDALL THERMAL/ACOUSTICAL SALES, LLC., a Delaware limited liability corporation (the “Company”), and Randall L. Byrd of Northville, MI (the “Executive”).
Chase]Lydall Inc /De/ • November 9th, 2005 • Textile mill products
Reference is made to that certain Credit Agreement dated as of July 14, 1999 (as amended and restated as of May 13, 2002, as amended and restated as of August 29, 2003, as amended as of July 27, 2004 and as amended as of February 1, 2005, the “Credit Agreement”) among Lydall, Inc., a Delaware corporation (the “Borrower”); Lydall Deutschland Holding GmbH (the “Subsidiary Borrower”); each of the financial institutions which is a signatory thereto as a “Lender” (the “Lenders”); JPMorgan Chase Bank, as administrative agent for the Lenders (the “Administrative Agent”); and Bank of New York, as documentation agent for the Lenders (the “Documentation Agent”). All terms used herein and not defined herein shall have the meanings ascribed to them in the Credit Agreement.
