Exhibit 10(k)
MANAGING DIRECTOR SUPPLEMENTAL AGREEMENT
between
X.X. Xxxxxx GmbH
An der Xxxxx Xxxxxxx 0-0
X-00000, Xxxxxxxx
- hereinafter called the "Company" -
represented by its shareholder
X.X. Xxxxxx Company
which is represented by
Xx. Xxxxxx Xxxxxxxx
and
Mr. Xxxxxxxx Xxxxx
Xxxxx-Xxxxxx-Xxxxxxx 00
X-00000 Xxxxxxxx
- hereinafter called the "Managing Director" -
1. This Supplemental Agreement modifies that certain Managing Director
Agreement (the "Agreement") dated March 23, 1990, and the Supplemental
Agreement dated October 3, 1993.
2. Xx. Xxxxx remains a director of the X.X. Xxxxxx GmbH.
3. The extended expatriate assignment of Xx. Xxxxx to St. Xxxx, Minnesota,
ends on December 31, 1995.
Xx. Xxxxx remains Sr. Vice President Technology and Worldwide Systems and
will be based in Luneburg/Germany.
4. The responsibilities of Area Manager of X.X. Xxxxxx GmbH as set forth in
section 1.2 of the "Agreement" will be substituted by the responsibilities
described in the paragraphs 5 - 8 of this Supplemental Agreement.
5. As Sr. Vice President Technology and Worldwide Systems (TWS) Xx. Xxxxx is
responsible for establishing and implementing worldwide manufacturing
policies, procedures and programs with an emphasis on optimizing worldwide
manufacturing through adequate direction, policies, procedures and
programs. His focus is on new manufacturing technology and long-range
planning for manufacturing functions, plant consolidations/expansions and
appropriate site selection as well as evaluation of acquisitions specific
to the quality of manufacturing assets and production processes.
6. As Sr. Vice President Technology and Worldwide Systems (TWS) Xx. Xxxxx is
also responsible for all aspects of worldwide quality programs (ISO 9000),
developing innovative programs to focus employees on improving quality in a
TQM direction.
7. As Sr. Vice President Technology and Worldwide Systems (TWS) Xx. Xxxxx is
also responsible for marketing, purchasing as it relates to the strategy
for the top ten suppliers and the top product lines, and establishing,
directing and implementing policies and procedures that control Xxxxxx'x
long-term procurement and cost advantage of raw material.
8. As Sr. Vice President Technology and Worldwide Systems (TWS) Xx. Xxxxx is
also a member of the CTC thus actively engaged in Technology transfer
sourcing and prioritization.
9. Xx. Xxxxx reports to the Sr. Vice President Operations.
10. Xx. Xxxxx'x "Agreement" will remain in force besides the exceptions stated
in this Supplemental Agreement.
Date:
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X.X. Xxxxxx GmbH Xxxxxxxx Xxxxx
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