EX-10.23
from 10-K
9 pages
December 7, 2005 Mr. James M. Griffin Vice President Global Sales/Service Btu International, Inc. 23 Esquire Rd. North Billerica, Ma 01862 Dear Jim: Btu International, Inc. (The “Company”) Wants to Encourage You to Continue Your Valued Association With US as an Executive Officer. to That End, the Company Is Offering You the Assurance of Severance Pay, as Described Below, in the Event That Your Employment Is Terminated in Specific Circumstances. Therefore, the Purpose of This Letter Is to Confirm the Agreement Between You and the Company on the Following Terms: 1. Severance Benefits. A. in the Event That the Company Terminates Your Employment Other Than for Cause (As Defined Below in Section 2(b)): (I) the Company Will Continue to Pay You Your Base Salary, at the Rate in Effect on the Date of Termination, Until the Earlier of (A) the Conclusion of a Period Equal to Six Months Plus One Month for Each Year of Service, Up to a Maximum of Twelve Months, or (B) the Date You Commence Employment That Provides You With Substantially Equivalent Base Salary and Bonus Opportunity to the Last Position You Held at the Company (The “Severance Pay Period”), Provided, However, That to the Extent Any Payment Under This Clause (I) Shall Be Required to Be Delayed Until Six Months Following Termination of Employment From Service to Comply With the “Specified Employee” Rules of Section 409a of the Internal Revenue Code, It Shall Be Delayed (But Not More Than Is Required) to Comply With Such Rules, and Shall Promptly After Such Delay Be Paid With Interest at a Reasonable Market Rate as Determined by the Company; (II) for the Duration of the Severance Pay Period, Subject to Any Employee Contribution Applicable to Active Employees, the Company Shall Continue to Contribute to the Premium Cost of Your Participation and That of Your Eligible Dependents in the Company’s Group Medical and Dental Plans, Provided That You and Your Dependents
12/34/56
EX-10.4
from 10-Q
3 pages
March 20, 2009 Peter J. Tallian Dear Peter: I Am Pleased to Extend Our Offer of Employment to You as Chief Financial Officer With a Projected Start Date of April 6, 2009. You Will Receive a Starting Salary of $8,461.54/Bi-Weekly (If Annualized, the Total Would Be $220,000). This Position Is Exempt, Reporting to Me
12/34/56
EX-10.3
from 10-Q
3 pages
August 27, 2008 Mr. Thomas P. Kealy Vice President, Corporate Controller and Chief Accounting Officer Btu International, Inc. 23 Esquire Rd. North Billerica, Ma 01862 Dear Tom: This Letter Amends the Agreement Between Btu International, Inc. (The “Company”) and You Dated November 29, 2005 (The “Severance Agreement”). for Good and Valuable Consideration, the Receipt and Sufficiency of Which Is Hereby Acknowledged, the Company and You Agree as Follows: 1. Section 1(a) of the Severance Agreement Is Hereby Amended by Adding at the End Thereof the Following
12/34/56
EX-10.2
from 10-Q
9 pages
Btu International, Inc. (The “Company”) Wants to Encourage You to Become an Employee of the Company and Values Your Association With US as an Executive Officer. to That End, the Company Is Offering You the Assurance of Severance Pay, as Described Below, in the Event That Your Employment Is Terminated in Specific Circumstances. Therefore, the Purpose of This Letter Is to Confirm the Agreement Between You and the Company on the Following Terms: 1. Severance Benefits
12/34/56