EnerSys Inc. Salary Amendment Letter Agreement with Michael T. Philion (May 8, 2003)

Contract Categories: Business Finance › Modification Agreements
Summary

This letter agreement between EnerSys Inc. and Michael T. Philion confirms an increase in Mr. Philion's salary to $335,000, effective April 1, 2003, under his existing employment agreement. All other terms of the original employment agreement remain unchanged. The letter is signed by John D. Craig, Chairman, President, and CEO of EnerSys Inc.

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EX-10.20 3 a2138886zex-10_20.htm EXHIBIT 10.20

Exhibit 10.20

    May 8, 2003

Michael T. Philion
529 Briarwood Drive
Elverson PA 19607

Dear Mike:

        With reference to your employment agreement (the "Employment Agreement") with EnerSys, 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 effective as of April 1, 2003, your salary provided for in Section 3 of the Employment Agreement has been increased to $335,000.

        Except as expressly set forth in the letter, the Employment Agreement shall remain in full force and effect.

    ENERSYS INC.
         
         
    By:   /s/  JOHN D. CRAIG      
John D. Craig
Chairman, President & Chief Executive Officer