Exhibit 10.3 EMPLOYMENT AGREEMENT -------------------- AGREEMENT made and entered into as of December __, 2007, by and between Integrated Consulting Services, Inc. (the "Company"), a Kentucky corporation (the "Company), and Julie A. McDearman...Employment Agreement • December 21st, 2007 • Orbit International Corp • Electronic components, nec • Kentucky
ARTICLE 1 DEMISED PREMISES; TERM OF LEASE; POSSESSION 1 ------------------------------------------------------------ ARTICLE 2 RENT 2 ---------------- ARTICLE 3 PAYMENT OF TAXES, ASSESSMENTS, ETC. 5 ---------------------------------------------------...Lease • April 8th, 2005 • Orbit International Corp • Electronic components, nec • Pennsylvania
Consolidated Debt Service Coverage Ratio" means the ratio of the Borrowers' (1) earnings before interest, taxes, depreciation and amortization, plus non-cash goodwill impairment charges, plus non-cash share-based ---- ---- compensation expense, plus...Credit Agreement • March 31st, 2011 • Orbit International Corp • Electronic components, nec • New York
CUSTODY, PLEDGE AND SECURITY AGREEMENT -------------------------------------- CUSTODY, PLEDGE AND SECURITY AGREEMENT, dated as of April 4, 2005 ("Agreement"), by and among ORBIT INTERNATIONAL CORP., a Delaware corporation -- ("Pledgor"), RICHARD A....Pledge and Security Agreement • April 8th, 2005 • Orbit International Corp • Electronic components, nec • Pennsylvania
EXHIBIT 10.1 EMPLOYMENT AGREEMENT -------------------- AGREEMENT made and entered into as of April 4, 2005 between Tulip Development Laboratory, Inc., a Pennsylvania corporation (the "Company), and Richard A. Hetherington ("Employee"). W I T N E S S E...Employment Agreement • April 8th, 2005 • Orbit International Corp • Electronic components, nec • Pennsylvania
1020647.22 STOCK PURCHASE AGREEMENT This Agreement is made as of December 19, 2007, by and among ORBIT INTERNATIONAL CORP., a Delaware corporation ("BUYER"), INTEGRATED CONSULTING SERVICES, INC. (d/b/a Integrated Combat Systems, Inc.) ("ICS"), a...Stock Purchase Agreement • December 21st, 2007 • Orbit International Corp • Electronic components, nec • Kentucky
EXHIBIT 10.1 AMENDMENT AND WAIVER TO CREDIT AGREEMENT This Amendment and Waiver to Credit Agreement is dated as of the 21st day of May, 2010 and is by and between Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc....Credit Agreement • May 24th, 2010 • Orbit International Corp • Electronic components, nec • New York
2. Paragraph 4D is hereby deleted in its entirety. 3. Except as herein amended, the Employment Agreement shall remain in full force and effect. 4. This Amendment may be executed in one or more counterparts, each of which shall be considered an...Employment Agreement • May 16th, 2011 • Orbit International Corp • Electronic components, nec
SECURITY AGREEMENTSecurity Agreement • November 13th, 2012 • Orbit International Corp • Electronic components, nec • New York
SECURITY AGREEMENT, dated as of November 8, 2012, by and among each of the entities identified on the signature page hereto under the heading “Grantors” (each a “Grantor” and, collectively, the “Grantors”) and PEOPLE’S UNITED BANK (the “Secured Party”).
Exhibit 10.4 CUSTODY, PLEDGE AND SECURITY AGREEMENT -------------------------------------- CUSTODY, PLEDGE AND SECURITY AGREEMENT, dated as of December 19, 2007 ("Agreement"), by and among ORBIT INTERNATIONAL CORP., a Delaware corporation ------...Custody, Pledge and Security Agreement • December 21st, 2007 • Orbit International Corp • Electronic components, nec • Kentucky
CUSTODY, PLEDGE AND SECURITY AGREEMENT -------------------------------------- CUSTODY, PLEDGE AND SECURITY AGREEMENT, dated as of December 19, 2007 ("Agreement"), by and among ORBIT INTERNATIONAL CORP., a Delaware corporation ------ ("Pledgor"), KENNETH J. ICE, MICHAEL R. RHUDY and JULIE A. MCDEARMAN (each, a "Pledgee" and collectively, the "Pledgees") and Phillips Nizer LLP a New York limited liability partnership, as custodian (the "Custodian"). This Agreement is made pursuant to the Stock Purchase Agreement (the "SPA") dated as of December 19, 2007, by and among Pledgor, Integrated Consulting Services, Inc. ("ICS"), a Kentucky corporation, and the Pledgees. CAPITALIZED TERMS USED AND NOT OTHERWISE DEFINED HEREIN THAT ARE DEFINED IN THE SPA SHALL HAVE THE MEANINGS GIVEN SUCH TERMS IN THE SPA.
1. EFFECTIVENESS; TERM OF EMPLOYMENT. --------------------------------- A. EFFECTIVENESS. This Agreement shall constitute a binding agreement ------------- between the parties as of the date hereof. B. TERM OF EMPLOYMENT. The term of this Agreement...Employment Agreement Employment Agreement • December 17th, 2007 • Orbit International Corp • Electronic components, nec • New York
ASSET PURCHASE AGREEMENT among ORBIT INTERNATIONAL CORP., CABOT COURT, INC., ASTROSYSTEMS, INC. and BEHLMAN ELECTRONICS, INC. As of January 11, 1996Asset Purchase Agreement • February 21st, 1996 • Orbit International Corp • Men's & boys' furnishgs, work clothg, & allied garments • New York
EMPLOYMENT AGREEMENTEmployment Agreement • November 14th, 2011 • Orbit International Corp • Electronic components, nec • New York
EMPLOYMENT AGREEMENT (the “Agreement”) dated August 22, 2011 and made effective as of June 1, 2011 (the “Effective Date”) by and between ORBIT INTERNATIONAL CORP., a Delaware corporation, (the “Company”) and MITCHELL BINDER (the “Executive”) (collectively, the “Parties”)
SECOND AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • August 15th, 2011 • Orbit International Corp • Electronic components, nec
This SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is effective as of May 26, 2011, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the “Company”) and BRUCE REISSMAN (the “Executive”).
a) Financial Records; Inspection. Each Credit Party (other than any Individual Guarantor) will: (i) maintain at its principal place of business complete and accurate books and records, and maintain all of its financial records in a manner consistent...Merrill Lynch Term Loan and Security Agreement • April 8th, 2005 • Orbit International Corp • Electronic components, nec • Illinois
EMPLOYMENT AGREEMENT, dated as of the 1st day of April 1996, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the "Company"), with an office at 80 Cabot Court, Hauppauge, New York, and MITCHELL BINDER ("Employee"), with an address at...Employment Agreement • March 31st, 1997 • Orbit International Corp • Women's, misses', and juniors outerwear • New York
AMENDMENT TO CREDIT AGREEMENTCredit Agreement • June 4th, 2012 • Orbit International Corp • Electronic components, nec • New York
This Amendment to Credit Agreement (this "Amendment") is dated as of the 30th day of May, 2012 and is by and between Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc. and Integrated Consulting Services, Inc. d/b/a Integrated Combat Systems (each a "Borrower" and collectively, the "Borrowers"), and Capital One, National Association ("Bank") (this "Amendment").
EMPLOYMENT AGREEMENTEmployment Agreement • January 27th, 2012 • Orbit International Corp • Electronic components, nec • New York
AGREEMENT dated January 23, 2012 and made effective as of January 1, 2012 (the “Effective Date”) between Orbit International Corp., a Delaware corporation (the “Company), and David Goldman (“Employee”).
EMPLOYMENT AGREEMENT AGREEMENT, dated as of the 1st day of April 1996, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the "Company") with an office at 80 Cabot Court, Hauppauge, New York and DENNIS SUNSHINE ("Employee"), with an...Employment Agreement Agreement • March 31st, 1997 • Orbit International Corp • Women's, misses', and juniors outerwear • New York
FOURTH AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • August 15th, 2011 • Orbit International Corp • Electronic components, nec
This FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is effective as of August 1, 2011, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the “Company”) and BRUCE REISSMAN (the “Executive”).
AMENDMENT TO CREDIT AGREEMENTCredit Agreement • August 1st, 2012 • Orbit International Corp • Electronic components, nec • New York
This Amendment to Credit Agreement (this "Amendment") is dated as of the 27th day of July, 2012 and is by and between Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc. and Integrated Consulting Services, Inc. d/b/a Integrated Combat Systems (each a "Borrower" and collectively, the "Borrowers"), and Capital One, National Association ("Bank") (this "Amendment").
LINE OF CREDIT NOTEOrbit International Corp • November 13th, 2012 • Electronic components, nec
FOR VALUE RECEIVED, ORBIT INTERNATIONAL CORP., a Delaware corporation, BEHLMAN ELECTRONICS, INC., a Delaware corporation, TULIP DEVELOPMENT LABORATORY, INC., a Pennsylvania corporation, and INTEGRATED CONSULTING SERVICES, INC., a Kentucky corporation, each having their principal place of business at 80 Cabot Court, Hauppauge, New York 11788 (collectively, the “Borrowers”), jointly and severally, promise to pay to the order of PEOPLE’S UNITED BANK(the “Bank”), on or before the Maturity Date, the principal sum of SIX MILLION and 00/100 DOLLARS ($6,000,000.00)or, if less, the unpaid principal amount of all Line of Credit Loans made by the Bank to the Borrowers under the Agreement referred to below.
EXHIBIT 10.1 AMENDMENT TO EMPLOYMENT AGREEMENT --------------------------------- AMENDMENT, dated December 22, 2009, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the "Company"), and MITCHELL BINDER (the "Executive"). W I T N E S S...Employment Agreement • December 23rd, 2009 • Orbit International Corp • Electronic components, nec
RECITALS --------Orbit International Corp • February 24th, 2011 • Electronic components, nec
Exhibit 10.6 [GRAPHIC OMITED] [GRAPHIC OMITED] TERM LOAN AND SECURITY AGREEMENT TERM LOAN AND SECURITY AGREEMENT dated as of December 19, 2007, between ORBIT INTERNATIONAL CORP., a corporation organized and existing under the laws of the State of...Loan and Security Agreement • December 21st, 2007 • Orbit International Corp • Electronic components, nec • Illinois
SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • October 5th, 2011 • Orbit International Corp • Electronic components, nec • New York
This Second Amendment to Credit Agreement (this "Amendment") is dated as of the 1st day of October, 2011 and is by and between Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc. and Integrated Consulting Services, Inc. d/b/a Integrated Combat Systems (each a "Borrower" and collectively, the "Borrowers"), and Capital One, National Association ("Bank") (this "Amendment").
THIRD AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • August 15th, 2011 • Orbit International Corp • Electronic components, nec
This THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is effective as of June 29, 2011, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the “Company”) and BRUCE REISSMAN (the “Executive”).
MERRILL LYNCH COMMERCIAL FINANCE CORP. 222 North LaSalle Street 17th Floor Chicago, Illinois 60601 [GRAPHIC OMITTED] MERRILL LYNCH Anne Easter, Vice President TEL: (312) 499-3044 November 19,2009Loan and Security Agreement • November 20th, 2009 • Orbit International Corp • Electronic components, nec
ContractCredit Agreement • June 26th, 2013 • Orbit International Corp • Electronic components, nec • New York
AMENDMENT, dated as of June 24, 2013 (this “Amendment”) to the CREDIT AGREEMENT (as amended, restated, supplemented or otherwise modified, from time to time, the “Credit Agreement”), dated as of November 8, 2012, among ORBIT INTERNATIONAL CORP., a Delaware corporation (“Orbit”), BEHLMAN ELECTRONICS, INC., a Delaware corporation (“Behlman”), TULIP DEVELOPMENT LABORATORY, INC., a Pennsylvania corporation (“Tulip”)and INTEGRATED CONSULTING SERVICES, INC., a Kentucky corporation (“Integrated”, and together with Orbit, Behlman and Tulip, each a “Borrower” and collectively, the “Borrowers”), and PEOPLE’S UNITED BANK, a Federally chartered savings bank (the “Bank”)
CREDIT AGREEMENT Dated as of March 10, 2010 Among ORBIT INTERNATIONAL CORP., BEHLMAN ELECTRONICS, INC., TULIP DEVELOPMENT LABORATORY, INC., AND INTEGRATED CONSULTING SERVICES, INC. D/B/A INTEGRATED COMBAT SYSTEMS, as Borrowers, and CAPITAL ONE, N.A.,...Credit Agreement • March 16th, 2010 • Orbit International Corp • Electronic components, nec • New York
CREDIT AGREEMENT dated as of March 10, 2010 among Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc. and Integrated Consulting Services, Inc. d/b/a Integrated Combat Systems (each a “Borrower” and collectively, the “Borrowers”), and Capital One, N.A. (“Bank”).
CREDIT AGREEMENT Dated as of November 8, 2012 Among ORBIT INTERNATIONAL CORP., BEHLMAN ELECTRONICS, INC., TULIP DEVELOPMENT LABORATORY, INC., AND INTEGRATED CONSULTING SERVICES, INC., as Borrowers, and PEOPLE’S UNITED BANK, as BankCredit Agreement • November 13th, 2012 • Orbit International Corp • Electronic components, nec • New York
CREDIT AGREEMENT dated as of November 8, 2012 among ORBIT INTERNATIONAL CORP., a Delaware corporation (“Orbit”), BEHLMAN ELECTRONICS, INC., a Delaware corporation (“Behlman”), TULIP DEVELOPMENT LABORATORY, INC., a Pennsylvania corporation (“Tulip”)and INTEGRATED CONSULTING SERVICES, INC., a Kentucky corporation (“Integrated”, and together with Orbit, Behlman and Tulip, each a “Borrower” and collectively, the “Borrowers”), and PEOPLE’S UNITED BANK, a Federally chartered savings bank (the “Bank”).
EMPLOYMENT AGREEMENT, dated as of the 1st day of April 1996, by and between ORBIT INTERNATIONAL CORP., a Delaware corporation (the "Company"), with an office at 80 Cabot Court, Hauppauge, New York, and BRUCE REISSMAN ("Employee"), with an address at...Employment Agreement • March 31st, 1997 • Orbit International Corp • Women's, misses', and juniors outerwear • New York
SECURITY AGREEMENTSecurity Agreement • March 16th, 2010 • Orbit International Corp • Electronic components, nec • New York
Security Agreement dated as of March 10, 2010 (“Security Agreement”), made by ORBIT INTERNATIONAL CORP., BEHLMAN ELECTRONICS, INC., TULIP DEVELOPMENT LABORATORY, INC. and INTEGRATED CONSULTING SERVICES, INC. D/B/A INTEGRATED COMBAT SYSTEMS (individually, a “Grantor” and collectively, the “Grantors”) to CAPITAL ONE, N.A. (“Bank”).
AMENDMENT TO CREDIT AGREEMENTCredit Agreement • August 15th, 2011 • Orbit International Corp • Electronic components, nec • New York
This Amendment to Credit Agreement (this "Amendment") is dated as of the 10th day of August, 2011 and is by and between Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc. and Integrated Consulting Services, Inc. d/b/a Integrated Combat Systems (each a "Borrower" and collectively, the "Borrowers"), and Capital One, National Association ("Bank") (this "Amendment").
AMENDMENT TO CREDIT AGREEMENTCredit Agreement • March 30th, 2012 • Orbit International Corp • Electronic components, nec • New York
This Amendment to Credit Agreement (this "Amendment") is dated as of the 6th day of February, 2012 and is by and between Orbit International Corp., Behlman Electronics, Inc., Tulip Development Laboratory, Inc. and Integrated Consulting Services, Inc. d/b/a Integrated Combat Systems (each a "Borrower" and collectively, the "Borrowers"), and Capital One, National Association ("Bank") (this "Amendment").
