Lico Steel Inc Sample Contracts

Lico Steel Inc – NINTH AMENDMENT TO CREDIT AGREEMENT (February 13th, 2002)

NINTH AMENDMENT TO CREDIT AGREEMENT THIS NINTH AMENDMENT TO CREDIT AGREEMENT (this "AMENDMENT"), dated as of February 12, 2002, is by and among COLUMBUS MCKINNON CORPORATION, a New York corporation (the "BORROWER"), the banks, financial institutions and other institutional lenders which are parties to the Credit Agreement (as such term is defined below) (the "LENDERS"), FLEET NATIONAL BANK, as Initial Issuing Bank (the "INITIAL ISSUING BANK"), FLEET NATIONAL BANK, as the Swing Line Bank (the "SWING LINE BANK"; each of the Lenders, the Initial Issuing Bank and the Swing Line Bank, individually, a "LENDER PARTY" and, collectively, the "LENDER PARTIES"), and FLEET NATIONAL BANK, as administrative agent (together with any successor appointed pursuant to Article VII of the Credit Agreement, the "ADMINISTRATIVE AGENT") for the Lender Parties. W I T N E S S E T H :

Lico Steel Inc – EIGHTH AMENDMENT TO CREDIT AGREEMENT (February 13th, 2002)

EIGHTH AMENDMENT TO CREDIT AGREEMENT THIS EIGHTH AMENDMENT TO CREDIT AGREEMENT (this "AMENDMENT"), dated as of November 21, 2001, is by and among COLUMBUS MCKINNON CORPORATION, a New York corporation (the "BORROWER"), the banks, financial institutions and other institutional lenders which are parties to the Credit Agreement (as such term is defined below) (the "LENDERS"), FLEET NATIONAL BANK, as Initial Issuing Bank (the "INITIAL ISSUING BANK"), FLEET NATIONAL BANK, as the Swing Line Bank (the "SWING LINE BANK"; each of the Lenders, the Initial Issuing Bank and the Swing Line Bank, individually, a "LENDER PARTY" and, collectively, the "LENDER PARTIES"), and FLEET NATIONAL BANK, as administrative agent (together with any successor appointed pursuant to Article VII of the Credit Agreement, the "ADMINISTRATIVE AGENT") for the Lender Parties. W I T N E S S E T H :

Lico Steel Inc – CONSULTING AGREEMENT (February 13th, 2002)

CONSULTING AGREEMENT This Agreement is made as of October 1, 2001 and sets forth the understandings between Herbert P. Ladds, Jr., 14 Chapin Parkway, Buffalo, New York 14209 ("Ladds"), pursuant to which Columbus McKinnon Corporation, a New York corporation with offices at 140 John James Audubon Parkway, Amherst, New York 14228-1197 ("CM") engages Ladds as a consultant. 1. BACKGROUND STATEMENT. As a result of his many years of experience with CM, Ladds possesses specialized knowledge about CM, the industry in which it operates, and the domestic and international markets it serves. Accordingly, this Agreement is made in connection with CM's commitment to increasing shareholder value and with the belief and expectation that Ladds can assist with that effort. 2. ENGAGEMENT; RELATIONSHIP; NO AGENCY. CM hereby engages Ladds as a consultant, and Ladds hereby accepts that engagement and

Lico Steel Inc – CORPORATE INCENTIVE PLAN (August 15th, 2001)

COLUMBUS MCKINNON CORPORATION CORPORATE INCENTIVE PLAN JULY 2001 This INCENTIVE PLAN will focus only on PRETAX INCOME, as defined. At the beginning of each fiscal year the Columbus McKinnon Board of Directors ("Board") will establish a BUDGET TARGET PERCENTAGE defined as the percentage of TARGET BONUS that will be paid if actual results equal budget for the quarter or year. The BUDGET TARGET PERCENTAGE will be established by the Board at the beginning of each year, and it will be based on the Board's judgment about the budget, current and expected economic conditions, the financial condition of the Company, and other pertinent factors. PRETAX INCOME ------------- PRETAX INCOME will be consolidated pretax income as shown in the periodically published financial statements of the Company, with the following adjustments, which will be made at the discre