Attached files

file filename
EX-32 - KAI FORM 10-Q 3Q 2017 EXHIBIT 32 - KADANT INCkaiform10q3q2017exhibit32.htm
EX-31.2 - KAI FORM 10-Q 3Q 2017 EXHIBIT 31.2 - KADANT INCkaiform10q3q2017exhibit312.htm
EX-31.1 - KAI FORM 10-Q 3Q 2017 EXHIBIT 31.1 - KADANT INCkaiform10q3q2017exhibit311.htm
EX-10.3 - KAI FORM 10-Q 3Q 2017 EXHIBIT 10.3 - KADANT INCkaiform10q3q2017exhibit103.htm
EX-10.1 - KAI FORM 10-Q 3Q 2017 EXHIBIT 10.1 - KADANT INCkaiform10q3q2017exhibit101.htm
10-Q - KAI FORM 10-Q 3Q 2017 - KADANT INCkaiform10q_3q2017.htm



Exhibit 10.2


September 20, 2017


Ms. Sandra L. Lambert
149 College Road
Concord, MA 01742


Re: Notice of Termination of Executive Retention Agreement

Dear Ms. Lambert:
Reference is hereby made to the Amended and Restated Executive Retention Agreement dated as of December 9, 2008 by and between you, as the Executive, and Kadant Inc., as the Company (the “Executive Retention Agreement”). Capitalized terms used but not defined in this Notice shall have the meanings ascribed thereto in the Executive Retention Agreement.
Pursuant to Section 2 of the Executive Retention Agreement, the Company hereby provides notice that the Term of the Executive Retention Agreement will not be extended and shall expire on December 31, 2017. As a consequence, the Executive Retention Agreement will cease to be applicable to you as of the close of business on December 31, 2017.

Sincerely,
/s/Jonathan W. Painter
Jonathan W. Painter
President and Chief Executive Officer