EX-10.4
from 10-Q
1 page
"18. Change in Control: In the Event That There Is a Change in Control of the Company and Your Employment Is Terminated by the Successor as a Result of the Change in Control, You Will Receive an Amount Equal to Two (2) Years' Base Salary and Target Cash Incentive. Your Base Salary and Target Cash Incentive Will Be Paid No Later Than 60 Days After the Termination of Your Employment. Any Unvested Options or Rsus Shall Immediately Cancel as of the Change in Control. Vested Options and Rsus Shall Be Subject to the Conditions of the Plan." All Other Terms and Provisions of the Agreement Shall Continue, and the Agreement as Amended Above Is Hereby Ratified and Confirmed and Continues in Full Force and Effect. if You Are in Agreement With This Amendment and the Terms and Conditions of This Letter, Indicate Your Agreement by Signing and Returning One Copy of This Letter, With Your Original Signature, to My Attention as Soon as Possible. Sincerely, /S/ Gary L. Cowger Gary L. Cowger, Chairman of the Board of Directors Accepted and Agreed To: /S/ Harold M. Karp Harold M. Karp
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EX-10.3
from 10-Q
1 page
If This Letter Accurately Reflects Your Understanding and Your Waiver and Release as Set Forth Above, Please Return a Signed Copy of This Letter to US. the Cash Payment of $150,000 Will Be Made to You on the Next Regular Payroll Date After We Receive Your Signature on This Letter. if You Should Have Any Questions, Please Contact Roger Jackson. Tecumseh Products Company By: /S/ Roger A. Jackson Roger Jackson Vice President Global Human Resources CC: Patrick T. Duerr, Esq. Agreed: By: /S/ Janice E. Stipp Dated: December 10, 2014 Janice E. Stipp
12/34/56
EX-10.14
from 10-K
2 pages
December 14, 2009 Mr. James J. Connor 462 Cumberland Trail Milford, MI 48381 Dear Jim: We Appreciate Your Interest in Joining Tecumseh Products Company. We Are Pleased to Provide You With the Following Proposed Terms of Employment Which Would Be Memorialized in a Definitive Employment Agreement: 1. Job Title: Vice President, Treasurer and Chief Financial Officer. 2. Salary: $350,000 Per Year. 2(a): Signing Bonus: $50,000 3. Annual Incentive Plan: 75% of Salary Target Award Based on Company and Individual Performance Measures; Eligibility Begins in 2010
12/34/56