Amendment to Employment Agreement between Servotronics, Inc. and Dr. Nicholas D. Trbovich (Sr.), Dated February 22, 2010
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Summary
This agreement is an amendment to the existing employment contract between Servotronics, Inc. and Dr. Nicholas D. Trbovich, Sr. It extends the term of Dr. Trbovich’s employment with the company from July 1, 2010 to December 31, 2013. Both parties agree to this change, which is confirmed by their signatures. All other terms of the original and previously amended agreements remain in effect.
EX-10.A2 3 extenatwo.htm EMPLOYMENT AGREEMENT extenatwo.htm
ACCEPTED AND AGREED
Exhibit 10(A)(2)
As of February 22, 2010
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 and as of July 2, 2009 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 Unanimous Written Consent dated as of February 22, 2010 to Amend Paragraph 1 of the Amended Agreement to delete “July 1, 2010” and insert in its place “December 31, 2013” 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 February 22, 2010 | |||
Dr. Nicholas D. Trbovich | Date | |||
(Nicholas D. Trbovich, Sr.) | |