January 13, 2004 Donald L Smith, Jr. Chairman, President and CEO Devcon International Corp. Deerfield Beach, FL 33442 Re: Retirement Program Dear Don:Retirement Program • October 13th, 2004 • Devcon International Corp • Concrete, gypsum & plaster products
The purpose of this letter is to document my retirement program, as approved by the Compensation Committee of the Board of Directors and to agree on certain modifications in the event of early termination of my employment due to death, disability or other factors;
