Ferro Corporation Executive Employment and Change in Control Agreements with Officers

Summary

Ferro Corporation has entered into an executive employment agreement with Hector R. Ortino, providing for a severance payment equal to three times his annual compensation if terminated. The company also has change in control agreements with several other executive officers, offering protections in the event of a company takeover. These agreements outline compensation and benefits for executives under specific circumstances. The company stopped signing new executive employment agreements after 1999 but continues to maintain change in control agreements with certain officers.

EX-10.I 12 l05628aexv10wi.txt SCHEDULE II LISTING OFFICERS EXHIBIT 10(i) SCHEDULE II Ferro Corporation has entered into an executive employment agreement with Hector R. Ortino which is substantially identical in all material respects to the Form of Amended and Restated Executive Employment Agreement (Exhibit 10(a) to Ferro Corporation's Form 10-Q for the three months ended March 31, 1998), except the lump sum severance payment for Mr. Ortino is equal to a full year's compensation (base salary and incentive compensation) multiplied by three. Beginning in 1999, the Company discontinued its practice of signing executive employment agreements. The Company has entered into change in control agreements substantially identical with its form of change in control agreement (Exhibit 10(j) to Ferro Corporation's Form 10-K for the year ended December 31, 2000) with the following executive officers: James C. Bays M. Craig Benson Thomas M. Gannon Dale G. Kramer Robert W. Martel Millicent W. Pitts 54