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Exhibit (10) (xix)
March 17, 2000
Xx. Xxxxxxxx X. Poses
Chairman and Chief Executive Officer
American Standard Companies Inc.
Xxx Xxxxxxxxxx Xxxxxx
Xxxxxxxxxx, Xxx Xxxxxx 00000
Dear Xxxx:
This letter will serve to amend the letter agreement dated October 13,
1999 (the "Letter Agreement") between you and American Standard Companies Inc.
(the "Company") setting forth the terms of your employment with the Company,
and to confirm our recent conversation that, in lieu of the provisions in the
Letter Agreement relating to your participation in the Company's Annual
Incentive Plan and amounts payable to you thereunder for the years 2000 and
2001, you will for such periods be eligible for an Annual Incentive with a
target award of 130% of your base salary, subject to an annual maximum
potential payment under that Plan of $2.0 million. In all other respects, the
terms of the Letter Agreement remain unchanged.
If the foregoing accurately reflects your understanding and is acceptable
to you, please sign this letter below in the space provided and return the
signed original to me. I have included a duplicate of this letter signed on
behalf of the Management Development and Nominating Committee for your records.
Management Development and Nominating Committee
By: Xxxxx X. Xxxxxxx
----------------
Chairman of the committee
Accepted and Agreed to:
/s/ Xxxxxxxx X. Poses
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Xxxxxxxx X. Poses
