October [__], 2022 [Name of employee] Re: Amendment to Confidentiality Agreement, Severance Benefit Agreement and Change of Control Agreement Dear [Name of employee]: As you know, you have entered into the following agreements with SPX Corporation...Confidentiality Agreement, Severance Benefit Agreement and Change of Control Agreement • November 4th, 2022 • SPX Technologies, Inc. • Metalworkg machinery & equipment
On August 15, 2022, SPX Corporation assigned to SPX Enterprises, LLC (“SPX Enterprises”), and SPX Enterprises assumed, all of SPX Corporation’s rights and obligations under the Agreements (the “Assignment”) and you became an employee of SPX Enterprises. Later on August 15, 2022, pursuant to the Agreement and Plan of Merger, dated as of August 11, 2022 (the “Merger Agreement”) by and among SPX Corporation, SPX Technologies, Inc. (the “Parent”), which is the direct parent corporation of SPX Enterprises, and SPX Merger, LLC (“SPX LLC”), SPX Corporation merged (the “Merger”) with and into SPX LLC, with SPX LLC surviving the Merger. As a result of the Merger, each share of common stock of SPX Corporation was converted into a share of common stock of the Parent, which became listed on the New York Stock Exchange and is traded under the symbol “SPXC.”
