Two (2) Year Extension, dated October 24, 2019, of Employment Agreement between the Registrant and Michael Carrieri

Contract Categories: Human Resources - Employment Agreements
EX-10.M 3 tm2024728d1_ex10-m.htm EXHIBIT 10.M

 

EXHIBIT 10.M

 

[COMPANY LETTERHEAD]

 

October 24, 2019

 

HAND-DELIVERED

 

Mr. Michael A. Carrieri

Senior Vice President of Engineering Development

NAPCO Security Technologies, Inc.

333 Bayview Avenue

Amityville, New York 11701

 

Re: Employment Agreement

 

Dear Michael:

 

NAPCO is pleased to extend, and desires to formalize, a two-year Employment Agreement (from August 16, 2020 through August 15, 2022 at your annual salary of $333,798.89, but subject to discretionary salary increases during each of your annual performance evaluations.

 

All other terms and conditions of your employment will remain the same as set forth in your Employment Agreement dated October 11, 2002 (with the obvious exception that the monetary values set forth in Section III have been modified over the years). Please sign below to acknowledge your acceptance of your extended two-year Employment Agreement.

 

Kindest personal regards.

 

  Sincerely
   
  NAPCO SECURITY TECHNOLOGIES, INC.
   
  /s/RICHARD SOLOWAY
  Richard L. Soloway
  Chairman of the Board

 

Accepted by: /s/MICHAEL CARRIERI  
  Michael A. Carrieri  

 

Dated:   December 26, 2019

 

E-24