TERMINATION AGREEMENTTermination Agreement |
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HOUSTON WIRE &| CABLE CO | CHS Management II, L.P.,. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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TERMINATION AGREEMENT This Termination Agreement ("Termination Agreement") is entered into on March 23, 2006 by and between HWC Wire & Cable (formerly known as Houston Wire & Cable Company), a Delaware corporation ("Company"), and CHS Management II, L.P., a Delaware limited partnership ("CHS"). RECITALS A. Company and CHS entered into a management services agreement on May 22, 1997 (as amended, the "Management Agreement"). B. Company and CHS desire to terminate the Management Agreement on the terms set forth herein. NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows: AGREEMENT 1. TERMINATION OF MANAGEMENT AGREEMENT. The Management Agreement is hereby terminated effective as of the closing date ("Effective Date") of the underwritten initial public offering of common stock of Houston Wire & Cable Company (formerly known as HWC Holding Corporation), a Delaware corporation, which is the sole stockholder of Company. Beginning on the Effective Date, neither CHS or Company shall have any further rights or obligations under the Ma |
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