EMPLOYMENT AGREEMENTEmployment Agreement • August 14th, 2012 • National Patent Development Corp • Miscellaneous manufacturing industries • New York
This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this 18th day of June, 2012, between Theodore S. Roman (“Employee”) and National Patent Development Corporation ( “Parent”). Except as otherwise provided herein, the “Effective Date” of this Agreement shall be the “Closing Date” (as such term is defined in this Agreement and Plan of Merger by and among Parent, Mergersub, The Winthrop Corporation (the “Company”) and Peter M. Donovan, as the Securityholders’ representative (as amended through the date hereof, the “Merger Agreement”)). This Agreement is expressly conditioned upon the occurrence of the Closing (as such term is defined in the Merger Agreement); should the Closing not occur, this Agreement shall be void and of no force or effect.
NON-COMPETITION AND NON-SOLICITATION AGREEMENTNon-Competition and Non-Solicitation Agreement • August 14th, 2012 • National Patent Development Corp • Miscellaneous manufacturing industries • New York
This NON-COMPETITION AND NON-SOLICITATION AGREEMENT (this “Agreement”) is made and entered into this 18th day of June, 2012, between Amit S. Khandwala (“Employee”) and National Patent Development Corporation, a Delaware corporation (the “Parent”).
