Exhibit 10.4.3
TERMINATION AGREEMENT
This Termination Agreement is entered into on this 30th day of April, 2001,
by and between Ballantyne of Omaha, Inc., a Delaware corporation, with its
principal place of business located at 0000 XxXxxxxx Xxxxxx, Xxxxx, Xxxxxxxx
00000 (hereinafter "Company") and Xxxx X. Xxxxxx of 0000 Xxxxx Xxxxxx, Xxxx
Xxxxxxx, Xxxxxxxx 00000 (hereinafter "Executive").
WHEREAS, the Company and Executive entered into an Employment Security
Agreement dated the 26th day of October, 1999, and
WHEREAS, the parties hereto desire to terminate and cancel said Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and agreements of
the parties hereto, it is agreed by and between the parties as follows:
1. That certain Employment Security Agreement entered into between
the parties on the 26th day of October, 1999, is hereby terminated and
cancelled effective immediately, and each party is released from any
and all further obligations thereunder.
2. Nothing herein contained shall in any way affect the rights of
each of the parties under the Employment Agreement entered into on
May 1, 1998, as amended on October 25, 1999, which shall remain in
full force and effect.
DATED at Omaha, Nebraska, this 30th day of April, 2001.
BALLANTYNE OF OMAHA, INC.
By: /s/ Xxxx Xxxxxxx
------------------------------------
President
/s/ Xxxx X. Xxxxxx
-----------------------------------
Executive
