EX-10.3
from 10-Q
5 pages
Title: Chief Financial Officer, Effective May 16, 2022 Primary Responsibilities: · Provide Executive Leadership in All Areas of Finance · Lead Financial Reporting and Analysis · Oversee Financial Management, Accounting, and Controlling Functions · Lead Compliance and Risk Management · Participate in All Aspects of Mergers, Acquisition and Divestures · Support Long Term Planning Process and Priorities Location: Naugatuck, Ct Base Salary: $425,000 Per Year ($8,173.08 Per Week) Annual Target Incentive Compensation: Your Target Incentive Will Be Equal to 40 Percent of Your Base Salary Earned in a Fiscal Year and Will Be Based on the Achievement of Certain Annual Financial Goals. Long Term Incentive You Will Receive a Long Term Incentive Award Equal to 40 Percent of Your Base Salary Earned in a Fiscal Year. Long Term Incentives Are Subject to Vesting and the Achievement of Long Term Financial Goals. We Will Share a Copy of the Long Term Incentive Award Agreement in April. Termination Benefits You Will Be Eligible for Termination Benefits in the Event of Termination Without Cause or Constructive Termination
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EX-10
from 8-K
5 pages
For Value Received, the Eastern Company, a Connecticut Corporation ("Maker"), Promises to Pay to the Order of People's United Bank, a Federally-Chartered Savings Bank ("Payee"), at Its Banking Office at 255 Bank Street, Waterbury, Connecticut 06702-2219, or at Such Other Place as May Be Designated in Writing From Time to Time by Payee, the Principal Sum of Five Million and No/100 Dollars ($5,000,000.00) in Lawful Money of the United States and in Immediately Available Funds, Together With Interest on the Outstanding Principal Sum, for the Period Commencing on the Date Hereof Until the Date on Which the Entire Principal Balance Hereof Has Been Paid in Full, at a Fixed Rate Per Annum Equal to Four and Ninety-Eight Hundredths Percent (4.98%). as More Particularly Described in the Agreement (As Defined Below), Interest Shall Accrue and Be Payable in Arrears on the First (1st) Business Day (As Defined in the Agreement) of Each Month Hereafter, Commencing on March 1, 2010, Until the Entire Principal Balance of This Term Note Shall Have Been Paid in Full. the Principal Balance of This Term Note Shall Be Payable in Quarterly Installments Over a Seven (7) Year Term, Commencing on April 1, 2010 and Continuing on the First (1st) Business Day of Each July, October, January and April Thereafter Through Maturity on January 31, 2017, as Follows: Payment Date Principal Payment Amount
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