0001104659-02-001296 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • April 1st, 2002 • Syratech Corp • Jewelry, silverware & plated ware • Delaware

AGREEMENT effective as of June 1, 2001, between SYRATECH CORPORATION, a Delaware corporation, with offices at 175 McClellan Highway, East Boston, MA 02128-9114 (the “Company”), and GREGORY HUNT, who resides at 10 Hopestill Brown Road, Sudbury, MA 01776 (the “Executive”).

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AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT
Employment Agreement • April 1st, 2002 • Syratech Corp • Jewelry, silverware & plated ware

On August 16, 1991 the Company and the Executive entered into an Employment Agreement (the “Agreement”). The Agreement was amended by Amendment No. 1 dated as of July 27, 1996, Amendment No. 2 dated as of January 31, 1997, effective as of December 31, 1996 for the purposes of establishing and modifying the provision for computation and payment of the retirement benefit and Amendment No. 3 dated as of January 26, 1998 for purposes of amending the Executive’s duties. The Company and the Executive now wish to modify the terms of the Executive’s Agreement related to the termination of the Executive’s job responsibilities and the restatement of certain other terms.

AMENDMENT NO. 2 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • April 1st, 2002 • Syratech Corp • Jewelry, silverware & plated ware

WHEREAS, the Company and the Executive are parties to an Amended and Restated Employment Agreement dated as of April 16, 1997, which was amended by Amendment No. 1 dated July 29, 1998 (as so amended, the “Agreement”), (capitalized terms used and not otherwise defined herein shall have the meaning given to such terms in the Agreement);

ACQUISITION AGREEMENT
Acquisition Agreement • April 1st, 2002 • Syratech Corp • Jewelry, silverware & plated ware • Massachusetts

AGREEMENT, dated as of December 31, 2001 by and among FARBERWARE INC., a Delaware corporation (“Seller”), SYRATECH CORPORATION, a Delaware corporation and the owner of all the issued and outstanding capital stock of Seller (“Syratech”), and FARBERWARE LICENSING COMPANY, LLC, a Delaware limited liability company (“Buyer”).

AMENDMENT NO. 7 AND CONSENT to LOAN AND SECURITY AGREEMENT dated as of April 16, 1997
Loan and Security Agreement • April 1st, 2002 • Syratech Corp • Jewelry, silverware & plated ware • Georgia

THIS AMENDMENT NO. 7 AND CONSENT dated as of March 22, 2002 (this “Amendment”) is made by SYRATECH CORPORATION, a Delaware corporation, TOWLE MANUFACTURING COMPANY, a Delaware corporation, LEONARD FLORENCE ASSOCIATES, INC., a Massachusetts corporation, WALLACE INTERNATIONAL SILVERSMITHS, INC., a Delaware corporation, RAUCH INDUSTRIES, INC., a North Carolina corporation, ROCHARD, INC., a New York corporation, HOLIDAY PRODUCTS, INC., a North Carolina corporation, FARBERWARE INC., a Delaware corporation, SILVESTRI, INC., a Delaware corporation, each financial institution identified as a “Lender” and a “New Lender” on the signature pages hereof and BANK OF AMERICA, N.A., a national banking association, as administrative agent for the Lenders (the “Administrative Agent”).

EMPLOYMENT AND NON-COMPETITION AGREEMENT
Employment And • April 1st, 2002 • Syratech Corp • Jewelry, silverware & plated ware • Massachusetts

AGREEMENT, dated as of the 27th day of February, 2002, by and between Syratech Corporation, a Delaware corporation (the “Company”), and Robert Meers, a resident of Cohasset, Massachusetts (the “Executive”).

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