Amendment to Employment Agreement between Servotronics, Inc. and Dr. Nicholas D. Trbovich (Sr.), April 3, 2011

Summary

Servotronics, Inc. and Dr. Nicholas D. Trbovich (Sr.) have agreed to amend their existing employment agreement. The main change is to extend Dr. Trbovich’s employment term by one year, changing the end date from December 31, 2013 to December 31, 2014. This amendment is effective upon Dr. Trbovich’s acceptance and signature. All other terms of the original and previously amended agreements remain in effect.

EX-10.A1 2 extena1.htm EMPLOYMENT AGREEMENT extena1.htm
Exhibit 10(A)(1)




As of April 3, 2011

Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.)
28 Tanglewood Drive, West
Orchard Park, NY 14127

Dear Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.):

You and Servotronics, Inc. (the “Company”) are parties to an Employment Agreement, dated July 1, 2005 and ratified on June 30, 2006 pursuant to which you are employed by the Company. This letter confirms such Amended Employment Agreement and subsequent ratification and subsequent Amendments dated August 4, 2006, July 6, 2007, July 9, 2008, December 31, 2008, July 2, 2009, February 22, 2010 and July 22, 2010 and any and all other relevant amendments (the “Amended Agreement”).

This letter will also confirm your agreement and that of the Company by action of the Board of Directors on April 3, 2011 to Amend Paragraph 1 of the Amended Agreement to delete “December 31, 2013” and insert in its place “December 31, 2014” subject to your acceptance which will be indicated by your signature below.

If the foregoing meets with your approval and you are willing to become bound hereby, please sign and return to the undersigned the enclosed copy of this letter.

Very truly yours,

SERVOTRONICS, INC.

/s/ Bernadine E. Kucinski

Bernadine E. Kucinski,
Assistant Corporate Secretary


ACCEPTED AND AGREED
 
     
       
/s/ Dr. Nicholas D. Trbovich
 
As of April 3, 2011  
Dr. Nicholas D. Trbovich   Date  
(Nicholas D. Trbovich, Sr.)