Part-Time Employment AgreementPart-Time Employment Agreement • June 2nd, 2016 • Colfax CORP • Pumps & pumping equipment • Maryland
This agreement (the “Agreement”) sets forth the terms upon which C. Scott Brannan will continue to be employed by Colfax Corporation (the “Company”) as a part-time employee of the Company following his retirement as Senior Vice President of Finance, Chief Financial Officer and Treasurer, commencing on the day following the filing of the Company’s Form 10-Q for the second fiscal quarter of 2016 (the “Effective Date”). All prior terms of employment under the Executive Employment Agreement dated September 21, 2010 between Mr. Brannan and the Company are hereby waived by the Company and Mr. Brannan, respectively, as of the Effective Date and the Board acknowledges that the Executive Employment Agreement will be terminated as of the Effective Date pursuant to Section 1.1(d) thereof, notwithstanding the notice requirements of that Section.
