Amendment to Employment Agreement between EnerSys Delaware Inc. and Michael T. Philion (April 13, 2005)
EnerSys Delaware Inc. and Michael T. Philion have agreed to amend Philion's existing employment agreement. Effective April 1, 2005, Philion's salary as Executive Vice President Finance and Chief Financial Officer is increased to $344,000. All other terms of the original employment agreement remain unchanged.
[ENERSYS LETTERHEAD]
JOHN D. CRAIG
Chairman, President & CEO
| April 13, 2005 |
Mr. Michael T. Philion
529 Briarwood Drive
Elverson PA 19607
Dear Mike:
With reference to your employment agreement (the "Employment Agreement") with EnerSys Delaware Inc., f/k/a Yuasa, Inc., (the "Company"), dated November 9, 2000, pursuant to which you are currently employed as Executive Vice President Finance and Chief Financial Officer of the Company, we confirm that your salary as set forth in Section 3 of the Employment Agreement is increased to $344,000.00, effective as of April 1, 2005.
Except as expressly set forth in the letter, the Employment Agreement shall remain in full force and effect.
| ENERSYS DELAWARE INC.
| ||
| By: | /s/ John D. Craig | |
| John D. Craig | ||
