November 17, 2005 Marijn E. Dekkers President and CEO Thermo Electron Corporation 81 Wyman Street Waltham, MA 02454 Dear Marijn: This letter confirms our agreement as to the following: That, in order to comply with the proposed regulations issued by...Amended & Restated Employment Agreement • March 2nd, 2006 • Thermo Electron Corp • Measuring & controlling devices, nec
That, in order to comply with the proposed regulations issued by the Internal Revenue Service and the Treasury Department under Section 409A of the Internal Revenue Code, notwithstanding any provision to the contrary in your Amended & Restated Employment Agreement (the "Agreement"), in the event of your Termination due to Disability, Termination for Cause, Termination without Cause or for Good Reason, or Termination upon expiration of the Term, all payments owing to you under the Agreement by the Company shall be made to you by the Company in a lump sum within thirty days of such Termination.
