Extension of Employment Agreement between Sequa Corporation and Martin Weinstein (May 31, 2005, as extended May 10, 2006)

Contract Categories: Human Resources › Employment Agreements
Summary

Sequa Corporation and Martin Weinstein have agreed to extend the term of their existing employment agreement for an additional two years, from May 31, 2006 through May 31, 2008. All other terms and conditions of the original agreement remain unchanged and in effect. This extension is confirmed by both parties' signatures.

Read More Arrow
EX-10.3 2 exh10-3.htm EXTENSION OF EMPLOYMENT AGREEMENT DATED AS OF MAY 31, 2005 BY AND BETWEEN SEQUA CORPORATION AND MARTIN WEINSTEIN Sequa Corporation

Exhibit 10.3


Sequa Corporation


200 Park Avenue

New York,  NY  10166

212 ###-###-####




May 10, 2006




Mr. Martin Weinstein

20 West 64th Street, #32D

New York,   NY   10023


Re:

Employment Agreement Extension


Dear Marty:


Reference is hereby made to that certain Employment Agreement dated as of May 31, 2005 by and between Sequa Corporation and you (the “Employment Agreement”).  Terms used herein and not otherwise defined shall have the meanings ascribed to them in the Employment Agreement.


This letter shall confirm that the Employment Term as set forth in Section 3 of the Employment Agreement shall be extended for an additional two (2) years from and after May 31, 2006 through May 31, 2008.


All other terms and conditions of the Employment Agreement shall remain in full force and effect and are hereby ratified by Executive and Company.  


If the foregoing confirms your agreement and understanding, please so indicate by signing in the space provided below and returning one (1) original of this letter to me.




Very truly yours,


Sequa Corporation


/s/ Norman E. Alexander

Norman E. Alexander

Executive Chairman


Acknowledged and Agreed

this   15         day of    May   , 2006


/s/ Martin Weinstein

Martin Weinstein