50 of the Top 250 law firms use our Products every day
SECOND AMENDMENT
TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT , dated as of December 8, 2008, is
between IDEX CORPORATION , a Delaware corporation with its
executive offices at 630 Dundee Road, Suite 400, Northbrook,
Illinois 60062 (the “Corporation”), and LAWRENCE D.
KINGSLEY , an individual residing at 3870 RFD Woods End, Long
Grove, IL 60047 (the “Executive”).
A.
The Corporation and the Executive have entered into an Employment
Agreement dated as of July 21, 2004 (the
“Agreement”) as amended by the First Amendment to the
Agreement dated as of March 22, 2005.
B.
It is intended that the Agreement comply with the provisions of
Section 409A of the Code and the regulations and guidance of
general applicability issued thereunder (referred to herein as
“Section 409A”) so as to not subject the Executive
to the payment of additional interest and taxes under
Section 409A. In furtherance of this intent, the Agreement
shall be interpreted, operated and administered in a manner
consistent with these intentions, and to the extent
Section 409A would result in the Executive being subject to
the payment of additional income taxes or interest under
Section 409A, the parties agree to amend the Agreement in
order to avoid the application of such taxes and interest.
Consistent with this intent, the Corporation and the Executive
desire to amend the Agreement to reflect certain changes to the
terms and conditions of the Agreement by entering into this Second
Amendment to the Agreement (this
“Amendment”).
|