Amendment to Change in Control Employment Agreements between Briggs & Stratton Corporation and Executive Officers

Contract Categories: Human Resources › Change of Control Agreements
Summary

This amendment modifies the existing change in control employment agreements between Briggs & Stratton Corporation and its executive officers. The revision updates the language in Sections 2(c) and (d) to clarify that a change in control requires both shareholder approval and the subsequent completion of the transaction. The amendment ensures that certain employment protections or terms are only triggered after these two conditions are met.

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EX-10.3(A) 3 dex103a.htm AMENDMENT TO CHANGE IN CONTROL EMPLOYMENT AGREEMENT Amendment to Change in Control Employment Agreement

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

 

2004 Annual Report on Form 10-K

 

EXHIBIT 10.3(a)

 

AMENDMENT TO CHANGE IN CONTROL

EMPLOYMENT AGREEMENTS

 

RESOLVED, that the employment agreements between the Corporation and its executive officers relating to a change of control be modified by revising the introductory clause in Sections 2(c) and (d) of the agreements to read: “Approval by the shareholders of the Company and the subsequent consummation of . . . .”