Second Amendment to Employment Agreement between Metaldyne Corporation and Jeffrey Stafeil
Metaldyne Corporation and Jeffrey Stafeil have agreed to extend the term of Stafeil's employment by amending their existing Employment Agreement. The new end date for the agreement is December 31, 2006, replacing the previous end date of December 31, 2005. All other terms of the original agreement remain unchanged. This amendment is effective as of September 27, 2005, and is signed by both parties.
Exhibit 10.17.2
SECOND AMENDMENT
TO
EMPLOYMENT AGREEMENT
This Second Amendment modifies the Employment Agreement between Metaldyne Corporation (“Company”) and Jeffrey Stafeil (“Executive”) entered into with an Effective Date of July 16, 2003, as modified by the Amendment, the provisions of which were effective September 10, 2004. The Employment Agreement remains in effect in accordance with its terms, except as modified by the Amendment and this Second Amendment. In accordance with Section 12 of the Employment Agreement, the parties have agreed to amend the Employment Agreement as follows:
In Section 2 of the Employment Agreement, the date “December 31, 2005” is hereby deleted and replaced with the date “December 31, 2006.”
Intending to be legally bound hereby, the parties have signed this Second Amendment to be effective September 27, 2005.
| Executive | ||||
|
| October 3, 2005 |
|
| JEFFREY M. STAFEIL |
| Date |
| |||
|
| METALDYNE CORPORATION | |||
|
| November 1, 2005 |
| By: | TIMOTHY D. LEULIETTE |
| Date | Its: | Chairman, President and Chief Executive Officer | ||
