Amendment to Severance Agreement between Lloyd R. Sorenson and Vought Aircraft Industries, Inc.
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Summary
This agreement is between Lloyd R. Sorenson and Vought Aircraft Industries, Inc. It extends the period during which Mr. Sorenson is eligible for severance benefits if his employment ends due to a qualifying termination. The original severance agreement covered terminations occurring on or before December 31, 2005; this amendment extends that coverage to terminations occurring on or before December 31, 2006. All other terms and conditions of the original severance agreement remain unchanged.
EX-10.6 2 d34575exv10w6.htm AGREEMENT RE: SEVERANCE AGREEMENT exv10w6
Exhibit 10.6
AGREEMENT
This Agreement is entered into by and between Lloyd R. Sorenson (Executive), a resident of the state of Texas, and Vought Aircraft Industries, Inc., a Delaware corporation with its principal place of business in Dallas, Texas (Vought or the Company).
Executive and Vought (the parties) have previously entered into an agreement, dated December 6, 2004 (the Severance Agreement) which provided for the payment of certain severance benefits to Mr. Sorenson in the event that his employment was terminated as the result of a Qualifying Termination (as defined therein) occurring on or before December 31, 2005.
By their signatures below, the parties agree that the terms of the Severance Agreement, including all conditions on the receipt of benefits thereunder, shall extend to a Qualifying Termination (as defined therein) occurring on or before December 31, 2006.
Lloyd R. Sorenson | Vought Aircraft Industries, Inc. | |||||
/s/ Lloyd R. Sorenson | By: | /s/ W. Bruce White, Jr. | ||||
Its: | Vice President, General Counsel and Corporate Secretary | |||||
Dated: | March 29, 2006 | Dated: | March 29, 2006 |