Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - ENPRO INDUSTRIES, INC | g25164exv32.htm |
| EX-23.1 - EX-23.1 - ENPRO INDUSTRIES, INC | g25164exv23w1.htm |
| EX-31.1 - EX-31.1 - ENPRO INDUSTRIES, INC | g25164exv31w1.htm |
| EX-31.2 - EX-31.2 - ENPRO INDUSTRIES, INC | g25164exv31w2.htm |
| 10-Q - FORM 10-Q - ENPRO INDUSTRIES, INC | g25164e10vq.htm |
Exhibit 10.1
AMENDMENT TO
EXECUTIVE EMPLOYMENT AGREEMENT
EXECUTIVE EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of the
4th day of August, 2010 between ENPRO INDUSTRIES, INC., a North Carolina corporation (the
“Company”) with its principal place of business in Charlotte, North Carolina, and STEPHEN E.
MACADAM (“Executive”) to amend the Executive Employment Agreement dated as of March 10, 2008 (the
“Agreement”) between the Company and the Executive. Terms not otherwise defined herein have the
meanings given to them in the Agreement.
RECITALS
WHEREAS, Section 4(i) of the Agreement provides that Executive shall be eligible for
reimbursement of qualifying expenses under the Company’s relocation policy; and
WHEREAS, to date Executive has not sought any reimbursement under such policy; and
WHEREAS, the Company has offered to pay Executive a lump sum in return for Executive’s waiver
of his right under Section 4(i) to receive such reimbursement with respect to any relocation to the
Charlotte, North Carolina area;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:
1. Waiver of Certain Relocation Benefits. Effective as of the date hereof,
the first sentence of Section 4(i) of the Agreement shall be amended and restated to read as
follows:
“Executive shall be eligible for reimbursement of qualifying expenses under the Company’s
relocation policy, other than with respect to a relocation to the Charlotte, North Carolina area.”
2. Lump Sum Payment. On or prior to the next regularly scheduled payment of
salary under the Company’s payroll policy, the Company shall pay to Executive $34,400, less
applicable withholding for taxes.
3. Choice of Law. This Amendment is to be governed by the substantive law of
the State of North Carolina without regard to the conflict-of-laws principles.
4. Remainder Unchanged. The provisions of the Agreement unchanged by this
Amendment shall remain in full force and effect.
5. Counterparts. This Amendment may be executed in separate counterparts,
each of which is to be deemed to be an original and both of which taken together are to constitute
one and the same agreement. Facsimile execution and delivery of this Amendment by either party
shall constitute a legal, valid and binding execution and delivery of this Amendment.
The parties are signing this Amendment as of the date set forth on the first page of this
Amendment.
| ENPRO INDUSTRIES, INC. |
||||
| By: | /s/ William Dries | |||
| William Dries | ||||
| Senior Vice President and Chief Financial Officer |
||||
| By: | /s/ Robert P. McKinney | |||
| Robert P. McKinney | ||||
| Vice President, Human Resources | ||||
| /s/ Stephen E. Macadam | ||||
| STEPHEN E. MACADAM | ||||
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