Exhibit 10(h)
February 26, 1998
Mr. M. T. Xxxxxx
Portec, Inc.
Xxx Xxxxxxx Xxxxx Xxxxx, Xxxxx 000
Xxxx Xxxxxx, Xxxxxxxx 00000
Dear Xxx:
The purpose of this letter is to confirm that your employment agreement with Portec, Inc. (the "Company"), in letter form and
dated December 28, 1988, as amended and restated on February 23, 1989, on December 12, 1989, and on July 9, 1997 (the
"Agreement"), is hereby amended as follows:
Section 3(b)iii is added as:
After the two year period of section 3(b)ii, the Company will, if you desire, provide health insurance as provided by the Company
for its salaried employees or executive personnel generally, for you and your current wife, Xxxxxx X. Xxxxxx, for the additional
period until such time as both of you qualify for Medicare coverage, provided, however, that such insurance coverage benefits
shall be reduced to the extent similar insurance coverage benefits are actually provided for you and your dependents by another
employer during such additional period or any part of such period, and provided further that you shall be required to continue
making payments for coverage of dependents similar to payments required of the Company's salaried employees or executive personnel
generally under the Company's health plan. If such coverage cannot by the terms of such health plan, be provided thereunder, then
the Company will provide equivalent insurance coverage for you for such additional period under specially obtained policies of
insurance, provided however, that such insurance coverage benefits shall be reduced to the extent similar insurance coverage
benefits are actually provided for you and your dependents by another employer during such period or any part of such period, and
provided further that you shall be required to continue making payments for coverage of dependents similar to payments required of
salaried employees or executive personnel under the Company's health plan.
Yours truly,
Xxxxxx Xxxxx, Jr.
Chairman of the Board
