Amendment to Employment Agreement between Griffon Corporation and Robert Balemian

Summary

Griffon Corporation and Robert Balemian have agreed to amend their existing employment agreement. The amendment changes the term of employment, setting the new end date as December 1, 2009. All other terms of the original agreement remain unchanged and in effect. This amendment is effective as of August 8, 2003.

EX-10.2 4 grf10q063003exh2.txt AMENDMENT TO EMPLOYMENT AGREEMENT Exhibit 10.2 AMENDMENT TO EMPLOYMENT AGREEMENT AMENDMENT TO EMPLOYMENT AGREEMENT made as of the 8th day of August, 2003 by and between GRIFFON CORPORATION, a Delaware corporation (hereinafter the "Company") and ROBERT BALEMIAN (hereinafter the "Executive"). W I T N E S S E T H: WHEREAS, the Company and Executive entered into an Employment Agreement dated as of July 1, 2001 (hereinafter the "Employment Agreement"); and WHEREAS, the Company and Executive desire to modify said Employment Agreement. NOW, THEREFORE, the parties hereto agree as follows: 1. Paragraph 2(b) shall be amended and restated as follows, effective as of the date hereof: "(b) EMPLOYMENT TERM. The Employment Term shall mean the period commencing as of the date hereof and terminating on December 1, 2009." 2. Except as specifically provided in this Amendment, the Employment Agreement is in all other respects hereby ratified and confirmed without amendment. IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and year first above written. GRIFFON CORPORATION By: /s/Harvey R. Blau ---------------------------------------- Harvey R. Blau, Chairman of the Board /s/Robert Balemian ---------------------------------------- Robert Balemian