Severance Agreements between Minerals Technologies Inc. and Executive Employees (March 15, 2002)
Minerals Technologies Inc. entered into severance agreements with several executive employees on March 15, 2002. These agreements outline the terms under which the employees would receive severance benefits if their employment is terminated under certain conditions. The agreements are substantially identical to a previously filed form, with minor noted exceptions. The key obligations include the company's commitment to provide severance pay and related benefits to the listed executives if eligible events occur.
EXHIBIT 10.6(b)
Severance Agreements have been executed by the Company and the indicated employees, each substantially identical in all material respects to the form of Severance Agreement filed as Exhibit 10.6 to the Company's 2001 Annual Report on Form 10-K except as noted below.
EMPLOYEE | POSITION | DATE OF AGREEMENT |
| | |
Gordon S. Borteck | Vice President, Organization | March 15, 2002 |
Howard R. Crabtree | Senior Vice President, Minteq | March 15, 2002 |
D. Randy Harrison | Vice President and General Manager, | March 15, 2002 |
Kenneth Massimine | Senior Vice President, Paper PCC | March 15, 2002 |
John A. Sorel | Senior Vice President, Corporate | March 15, 2002 |