AMENDED AND RESTATED SPIN-OFF AGREEMENTSpin-Off Agreement • August 13th, 2007 • Hamilton Beach, Inc. • Electric housewares & fans • Delaware
This AMENDED AND RESTATED SPIN-OFF AGREEMENT (this “Agreement”), is dated as of April 25, 2007, by and among NACCO Industries, Inc., a Delaware corporation (“Parent”), Housewares Holding Company, a Delaware corporation and a wholly owned subsidiary of Parent (“Housewares”), Hamilton Beach, Inc., a Delaware corporation and a wholly owned subsidiary of Housewares (“Hamilton Beach”), and Hamilton Beach/Proctor-Silex, Inc. (“HB/PS”), a Delaware corporation and wholly owned subsidiary of Hamilton Beach.
FORM OF RETENTION BONUS, CHANGE IN CONTROL SEVERANCE AND NON-COMPETITION AGREEMENTSeverance and Non-Competition Agreement • June 7th, 2007 • Hamilton Beach, Inc. • Electric housewares & fans • Virginia
THIS RETENTION BONUS, CHANGE IN CONTROL SEVERANCE AND NON-COMPETITION AGREEMENT (the “Agreement”) is made by and between Hamilton Beach/Proctor-Silex, Inc. (the “Employer”) and [insert name] (“Employee”) as of May 1, 2007 (the “Effective Date”).
