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EXHIBIT 10.30
ASSIGNMENT AND ASSUMPTION AGREEMENT
This ASSIGNMENT AND ASSUMPTION AGREEMENT dated as of June 1,
2004 by
and between MAYFLOWER VEHICLE SYSTEMS PLC (IN ADMINISTRATION),
formerly MOTOR
PANELS (COVENTRY) PLC, a United Kingdom corporation whose
registered office is
Hill House, 1 Little New Street, London, EC4A 4TR, England,
("Assignor") and
MAYFLOWER VEHICLE SYSTEMS, INC., a Delaware corporation whose
principal offices
are located at 37900 Interchange Drive Farmington Hills,
Michigan 48223
("Assignee").
Recitals:
1. Reference is made to the following documents attached to
and
made a part of this Agreement hereinafter referred to
collectively as the "Boyd Employment Contract".
(i) Service Contract dated March 1, 1993 between Assignor
and Mr. William Gordon Boyd ("Mr. Boyd");
(ii) Letter dated January 7, 2002 from Assignor's ultimate
parent company, The Mayflower Corporation plc to Mr.
Boyd stating the terms on which Mr. Boyd would take
up residency in the United States and accept the
position of Assignee's President and Chief Executive
Officer;
(iii) Letter dated January 27, 2004 from Assignee to Mr.
Boyd describing Mr. Boyd's participation in
Assignee's Loyalty Bonus Program.
2. Mr. Gordon Boyd was assigned in 2002 to direct the
operations
of Assignee in the United States after having been employed
since 1993 by Assignor in the United Kingdom.
3. Mr. Boyd is currently employed on a fulltime basis as the
President and Chief Executive Officer of Assignee, with
responsibility for the over
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