AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • March 10th, 2015 • Armstrong World Industries Inc • Plastics products, nec • Pennsylvania
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”), dated as of March 9, 2015, is made by and between ARMSTRONG WORLD INDUSTRIES, INC., a Pennsylvania corporation (the “Company”), and Matthew Espe (“Executive”).
Re: Retention Award AgreementArmstrong World Industries Inc • March 10th, 2015 • Plastics products, nec
Your services and loyalty to Armstrong World Industries, Inc. (“us” or “we” or the “Company”) are very important to us. We are therefore pleased to inform you that, pursuant to the terms of this letter (the “Award Agreement”), you are eligible to receive a retention award in the form of a cash payment pursuant to the terms herein (the “Retention Award”). This Retention Award is intended to incentivize you to continue to use your best efforts to ensure optimal corporate performance through the closing of a Transaction (as defined in your severance agreement entered into with the Company) (the “Severance Agreement”) and to contribute towards the successful completion of the Transaction. Capitalised terms that are used but not defined herein will have the meaning ascribed to such terms in the Severance Agreement.
SEVERANCE AGREEMENTRelease Agreement • March 10th, 2015 • Armstrong World Industries Inc • Plastics products, nec • Pennsylvania
THIS AGREEMENT, dated , 2015, is made by and between Armstrong World Industries, Inc., a Pennsylvania corporation (the “Company”), and (the “Executive”).
