FIRSTAMENDMENT TO AGREEMENT
Exhibit 10.24
FIRST AMENDMENT TO AGREEMENT
This First Amendment, dated November 11, 2004, is among Thermadyne Holdings Corporation, a Delaware corporation, its subsidiaries, (collectively the “Company”), and James H. Tate (“Executive”).
WITNESSETH:
WHEREAS, the Company and Executive entered into an Agreement dated August 27, 2004 (the “Agreement”), which among other things set forth the terms of Executive’s resignation as the Company’s Chief Financial Officer and appointment as its Financial Project Leader; and,
WHEREAS the parties desire to modify the Agreement;
NOW THEREFORE, the parties agree as follows:
1. Section 1 of the Agreement shall be deleted in full and replaced with the following:
1. Resignation from Current Positions. On the earlier of: 1) the date the Company hires a new Chief Financial Officer, or 2) November 30, 2004 (which earlier date is hereinafter referred to as the “Resignation Date”), Executive shall cease to be Senior Vice President Chief Financial Officer, and cease to be an officer, or director of the Company.
2. All other provisions of the Agreement remain in full force and effect.
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| James H. Tate | ||
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| \s\ James H. Tate |
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| Address of Executive: | ||
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| 17605 Lasiandra Drive | ||
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| Chesterfield, MO 63005 | ||
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| EMPLOYERS: | ||||
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| Thermadyne Holdings Corporation | ||
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| By: | \s\ Patricia S. Williams | |
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| Patricia S. Williams | |
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| Title: | Vice President and General Counsel | |
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| Thermadyne Industries, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Victor Equipment Company | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne International Corp. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Tweco Products, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermal Dynamics Corp. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Stoody Company | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermal Arc, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| C&G Systems Holding, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| C&G Systems, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Italia, Srl. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Australia Pty Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Asia/Pacific Pte Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Japan, Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Palco Trading Company | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Foreign Sales Corporation | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne South America Holdings, Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne South Africa (Pty) Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Maxweld & Braze (Pty) Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| GenSet S.p.A. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Tecmo Srl | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Ocim Srl | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Tec Mo Cut Srl | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Tec Mo Control Srl | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| BBM Srl | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Duxtech Pty. Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Cigweld Group Pty. Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Quetala Pty. Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Quetack Pty. Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Quetala Unit Trust | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Brazil Holdings, Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Victor Ltda. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Chile Holdings, Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Soltec SA | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Metalservice S.A. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne do Brasil Ltda. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Industries Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Cylinder Co. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Canadian Cylinder Company | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Receivables, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| MECO Holding Company | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Protip Corporation | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Welding Products Canada, Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne de Mexico S.A. de C.V. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Tweco de Mexico S.A. de C.V. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Victor Equipment de Mexico S.A. de C.V. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Cigweld Group Pty. Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Philippine Welding Equipment, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Cigweld Property Holdings, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermal Arc Phils, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Cigweld Philippines, Inc. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Asia SDN BHD | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Korea Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| PT Thermadyne Utama | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| PT Cigweld Indonesia | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Hong Kong Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Cigweld Malaysia SDN | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
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| Thermadyne Thailand Co. Ltd. | ||
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| By: |
| \s\ Patricia S. Williams |
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| Patricia S. Williams |
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| Title: |
| Vice President and General Counsel |
