CPI AEROSTRUCTURES, INC. Edgewood, New York 11717Cpi Aerostructures Inc • May 9th, 2014 • Aircraft parts & auxiliary equipment, nec • New York
This Separation Agreement sets forth our mutual agreement and understanding with respect to the termination of your employment with CPI Aerostructures, Inc. (the “Company”) and any remaining obligations between you and the Company relating to your employment or the termination thereof.
CPI AEROSTRUCTURES, INC. Edgewood, New York 11717Cpi Aerostructures Inc • May 9th, 2014 • Aircraft parts & auxiliary equipment, nec • New York
On the date hereof, you resigned as President and Chief Executive Officer and terminated your Employment Agreement with CPI Aerostructures, Inc. (the “Company’). Concurrently with the execution of this independent consulting agreement (this “Consulting Agreement”), the Company and you are executing a Separation Agreement (the “Separation Agreement”) which provides for your continued employment with the Company until May 16, 2014 (your “Separation Date”) and the execution by you of a General Release of All Claims (the “General Release”). The Company desires to retain you (“Consultant”) to serve as an independent consultant to advise and assist the Company in connection with the Company’s business upon the terms and conditions set forth in this Consulting Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • May 9th, 2014 • Cpi Aerostructures Inc • Aircraft parts & auxiliary equipment, nec • New York
AGREEMENT dated March 5, 2014, between DOUGLAS MCCROSSON, residing at (“Executive”), and CPI AEROSTRUCTURES, INC., a New York corporation having its principal office at 91 Heartland Blvd., Edgewood, New York 11717 (“Company”);
