Amendment to Managing Directorship Agreement between EnerSys S.A. and Raymond R. Kubis (June 20, 2006)
This letter amends the Managing Directorship Agreement between EnerSys S.A. (formerly Hawker Belgium S.A.) and Raymond R. Kubis. Effective April 1, 2006, Mr. Kubis’s annual fixed gross compensation is increased to EUR 321,000, paid in twelve monthly installments. The agreement is also extended for an additional two years. All other terms of the original agreement remain unchanged.
EXHIBIT 10.5
[HAWKER LOGO / ENERSYS S.A. LETTERHEAD]
June 20, 2006
Mr. Raymond R. Kubis
Dear Ray,
With reference to the Managing Directorship Agreement dated January 8, 2002,
(as amended the "Directorship Agreement"), between you and EnerSys S.A. (formerly
known as Hawker Belgium S.A., and referred to herein as the "Company"), pursuant to
which you are currently serving as Managing Director of the Company, we confirm that
effective as of April 1, 2006 your annual fixed gross emolument provided for in
Subsection 2.1 of the Directorship Agreement has been increased to EUR 321,000 (payable
in twelve monthly installments of EUR 26,750), and the Company elects to, and hereby
does, extend the Directorship Agreement for an addition term of two years. Subsection
2.1 of the Directorship Agreement is hereby amended to reflect such increase.
Except as expressly set forth herein, the Directorship Agreement shall remain in
full force and effect.
EnerSys sprl
By: /s/ Nadine Desmet
Nadine Desmet
Managing Director
Agreed to and accepted:
/s/ Raymond R. Kubis
Raymond R. Kubis
