Assignment and Assumption Agreement between Walter Industries, Inc. and Mueller Water Products, Inc. regarding Employment Agreements with Raymond P. Torok
Walter Industries, Inc. is transferring all its rights and obligations under an employment agreement and an executive change-in-control agreement with Raymond P. Torok to Mueller Water Products, Inc. Mueller agrees to assume these responsibilities. Raymond P. Torok has accepted and agreed to this transfer. The agreement is effective as of December 14, 2006.
Exhibit 10.02
Assignment and Assumption Agreement
Walter Industries, Inc., a Delaware corporation (“Walter”) hereby assigns to Mueller Water Products, Inc., a Delaware corporation (“Mueller”), and Mueller hereby assumes, all of Walter’s rights and obligations under the Employment Agreement between Walter and Raymond P. Torok dated July 12, 2004, and under the Executive Change-In-Control Agreement.
Dated as of the close of business on this 14th day of December 2006
| WALTER INDUSTRIES, INC. |
| MUELLER WATER PRODUCTS, INC. | |||||
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| /s/ Victor P. Patrick |
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| /s/ Jennifer Thomas |
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| By: |
| Victor P. Patrick |
| By: |
| Jennifer Thomas | |
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| Vice Chairman |
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| Executive Vice President | |
| Accepted and Agreed: |
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| /s/ Raymond P. Torok |
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| Raymond P. Torok |
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