First Amendment to Brunswick Corporation Terms and Conditions of Employment
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Summary
This amendment updates the employment agreement between Brunswick Corporation and an executive, effective January 1, 2014. It changes the termination terms, allowing the company to end the agreement at any time with six months' written notice. However, if there is a change in control of the company, the agreement cannot be terminated until two years after that change. All other terms of the original agreement remain unchanged.
EX-10.2 2 bc20141231ex102-2014tcamen.htm 2014 T&C AMENDMENT BC 2014.12.31 EX 10.2 - 2014 T&C Amendment
Exhibit 10.2
First Amendment to
Brunswick Corporation Terms and Conditions of Employment
Effective January 1, 2014, Section 13, Termination Provisions, of the Brunswick Corporation Terms and Conditions of Employment (the “Agreement”) is replaced in its entirety with the following:
The Term may be terminated at any time by the Company upon six (6) month’s advance written notice to the Executive; provided, however, that if a Change in Control occurs prior to the expiration of the Term, the Term shall not terminate prior to the second (2nd) anniversary of the date on which the Change in Control occurs.
Except to the extent expressly modified by this First Amendment, all other terms of the Agreement remain in full force and effect.
IN WITNESS THEREOF, the Executive and the Company have executed this First Amendment to Brunswick Corporation Terms and Conditions of Employment.
Executive | Brunswick Corporation |
By: _____________________________ | By: _____________________________ |
