RETENTION AGREEMENTRetention Agreement • May 8th, 2009 • Btu International Inc • Special industry machinery, nec • Massachusetts
BTU International, Inc. (the “Company”) wants to encourage you to become an employee of the Company and values your association with us as an executive officer. To that end, the Company is offering you the assurance of severance pay, as described below, in the event that your employment is terminated in specific circumstances. Therefore, the purpose of this letter is to confirm the agreement between you and the Company on the following terms:
August 27, 2008 Mr. Thomas P. Kealy Vice President, Corporate Controller and Chief Accounting Officer BTU International, Inc. North Billerica, MA 01862 Dear Tom:Btu International Inc • May 8th, 2009 • Special industry machinery, nec
This letter amends the agreement between BTU International, Inc. (the “Company”) and you dated November 29, 2005 (the “Severance Agreement”). For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and you agree as follows:
