Exhibit 10.17
SECOND AMENDMENT
TO
EMPLOYMENT
AGREEMENT
SECOND AMENDMENT TO EMPLOYMENT
AGREEMENT (the “
Second Amendment ”) made as of this 3rd day of
January, 2009, by and between Handy & Harman, its parent,
subsidiaries and affiliates (the “Company” or
“Employer”), and Jeff Svoboda
(“Executive”).
WHEREAS , Executive entered into a certain Employment
Agreement (the “Agreement”), dated January 28, 2008 and
an Amendment to Employment Agreement effective January 1,
2009;
WHEREAS , Employer and Executive wish to further amend
the terms of the Agreement as set forth below;
NOW, THEREFORE , in consideration of the promises and mutual
covenants hereinafter contained, and in consideration of
Executive’s continued employment, the parties hereto agree as
follows:
1.
Defined Terms . All capitalized terms contained in
this Second Amendment shall, for the purposes hereof, have the same
meaning ascribed to them in the Agreement unless the context hereof
clearly provides otherwise or unless otherwise defined
herein.
2.
Base Salary Reduction . Effective January 4, 2009,
Executive’s base salary in effect as of December 31, 2008
shall be reduced by five percent (5%) (the “2009 5% Base
Salary Reduction”).
3.
Executive’s Acknowledg
