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EXHIBIT 10.3
[HAWK LOGO]
November 1, 1996
Xx. Xxxxxx X. Xxxxxxx
x/x Xxxx Xxxxxxxxxxx
Xxxxx 00-0000
000 Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxx 00000-0000
Re: AMENDMENT OF WAGE CONTINUATION AGREEMENT
Dear Norm:
This letter will confirm that the reference in Section 1(a) of that
certain Wage Continuation Agreement, dated as of June 30, 1995, by and between
Hawk Corporation (f.k.a. The Hawk Group of Companies, Inc.), a Delaware
corporation, and Xxxxxx X. Xxxxxxx to that certain "Employment Agreement entered
into between the Corporation and the Employee on June 30, 1995" is hereby
amended to "Employment Agreement entered into between the Corporation and the
Employee as of November 1, 1996, as amended and/or restated from time to time."
Please acknowledge the foregoing by signing the enclosed copy of this
letter below and returning it to Xxxxxx X. Xxxxxxxxxx, Esq. in the enclosed,
postage-prepaid envelope as soon as possible.
HAWK CORPORATION
By: /s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx, Vice-Chairman
Enclosure
ACKNOWLEDGED AND AGREED:
/s/ Xxxxxx X. Xxxxxxx
-------------------------------------
Xxxxxx X. Xxxxxxx
