Exhibit 10.1
AMENDMENT NO. 1
TO
EXECUTIVE EMPLOYMENT
AGREEMENT
AND CONSENT
This Amendment No.1 to Executive
Employment Agreement and Consent (the “Amendment”)
amends that certain Executive Employment Agreement (the
“Original Agreement”) entered into as of
September 8, 2008, by and between Haynes
International, Inc. (the “Company”), a Delaware
corporation, and Mark M. Comerford (the
“Executive”). All capitalized terms used but not
defined herein shall have the meanings set forth in the Original
Agreement.
NOW, THEREFORE, in consideration of
the Executive’s continued employment with the Company
and the mutual promises, covenants and agreements contained
herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and pursuant to
Sections 5(d) and 1(e)(4) of the Original Agreement, the
Executive and the Company do hereby agree to the
following
Agreement
1.
Effective as of August 2, 2009,
Section 1(d)(i) of the Original Agreement is hereby
amended and restated in its entirety as follows:
(i)
Annual Salary . During the Employment Term and
effective for all pay periods commencing on and after
August 10, 2009, the Executive’s annual base
sa
