Decora Inc – OPTION AGREEMENT (September 4th, 1998)
1 EXHIBIT 10.80 OPTION AGREEMENT THIS AGREEMENT is made effective as of August 1, 1998, by and between Rolf J. Gemmersdorfer (hereinafter referred to as "Optionee"), and Decora Industries, Inc., a Delaware corporation (hereinafter referred to as "Optionor"). RECITALS: WHEREAS, Optionee has been appointed as Executive Vice President of Optionor and as Chairman of the Management Board of Optionor's subsidiary, Konrad Hornschuch AG ("Hornschuch"); and WHEREAS, to compensate Optionee for his services to Optionor, Optionor desires to grant to Optionee and Optionee is desirous of acquiring an option to purchase shares of the common stock of Optionor, subject to the terms and conditions hereinafter set forth; NOW, THEREFORE, the parties hereby agree as follows: 1. Incorporation of Recitals. The parties hereby
Decora Inc – PAYMENT AND DEFERRAL AGREEMENT (September 4th, 1998)
1 EXHIBIT 10.79 PAYMENT AND DEFERRAL AGREEMENT This Payment and Deferral Agreement (the "Agreement") is made as of this 9th day of July, 1998 (the "Effective Date"), by and among Decora, Incorporated, a Delaware corporation (the "Company"), Decora Industries, Inc. a Delaware corporation ("Decora"), and each of the "Holders" identified and listed on Schedule A attached hereto and made a part hereof, in furtherance of the satisfaction of the obligations of Decora and the Company to the Holders pursuant to Section 9 of the Exchange Agreement (as hereinafter defined). Except to the extent otherwise specifically required to give effect to the express terms of this Agreement, this Agreement does not amend, modify, or alter the terms and conditions of the Exchange Agreement, which Exchange Agreement remains in full force and effect in accordance with its terms.