EX-10.17
from 10-K/A
10 pages
Agreement Made Effective as of Between Frequency Electronics, Inc., a Delaware Corporation (The “Company”), and Who Resides at (The “Employee”). Whereas, the Employee Has Satisfactorily Carried Out His Duties With the Company Since His Employment Thereby in All Capacities in Which He Has Served; and Whereas, the Company Desires to Retain the Employee in a Mutually Agreed Capacity Until His Retirement, Disability or Death; and Whereas, the Company, as an Inducement to Such Continued Employment, Is Willing to Provide for Payments to the Employee or His Designated Beneficiary in Certain Events; and Whereas, It Is the Intent of the Company That the Provisions of This Agreement Shall Be in Good Faith Compliance With the Provisions of §409a of the Internal Revenue Code of 1986, as Amended (The “Code”); Now Therefore, It Is Mutually Agreed as Follows: 1. Retirement. (A) in the Event That the Employee Is Employed by the Company on the Date He Attains Age 65, the Employee May Retire From Active Service With the Company as of the Last Day of the Month During Which He Attains Such Age or the Last Day of Any Month Thereafter (Hereinafter “Retirement”)
12/34/56
