{"id":39681,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-united-defense-industries-inc-and-thomas2.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-united-defense-industries-inc-and-thomas2","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-united-defense-industries-inc-and-thomas2.html","title":{"rendered":"Employment Agreement &#8211; United Defense Industries Inc. and Thomas W. Rabaut"},"content":{"rendered":"<pre>                               First Amendment to\n                              Employment Agreement\n                              --------------------\n\n\nThis First Amendment to Employment Agreement, dated as of July 18, 2001 (the\n\"Amendment\") is entered into by and between United Defense Industries, Inc., a\nDelaware corporation (the \"Company\") and Thomas W. Rabaut (the \"Executive\") for\nthe purpose of amending the provisions of that certain Employment Agreement\ndated as of May 21, 1999 between the Company and the Executive (the\n\"Agreement\").\n\nWHEREAS, the Company and the Executive desire to amend the Agreement in the\nrespects set forth below, in order to further clarify certain of its provisions\nand for their mutual benefit and convenience;\n\nNOW THEREFORE, in consideration of the premises and covenants herein contained\nand other good and valuable consideration, the receipt and sufficiency of which\nis hereby acknowledged, the parties do hereby agree as follows:\n\n1.    Subsection 1(k) of the Agreement is hereby deleted and replaced with the\nfollowing:\n\n\"(k)  The Executive shall have \"Good Reason\" to terminate his employment in the\nevent that the Company either (i) fails to make any payment or provide any\nbenefit hereunder or commits a material breach of this Agreement and does not\ncure such failure or breach after notice and a reasonable opportunity to cure,\nor (ii) gives to the Executive a notice of non-extension under Subsection 2(b).\nAs used in the preceding sentence, a \"material breach\" of this Agreement shall,\nwithout limitation, include any of the following events:\n\n      (i)   Termination of Executive's employment, other than for Cause or by\n            reason of Executive's death or voluntary retirement or resignation;\n\n      (ii)  Reduction in Executive's salary and\/or Bonus Plan eligibility;\n\n      (iii) Relocation of Executive's current Washington, D.C. metropolitan area\n            employment location, without Executive's prior written consent;\n\n      (iv)  Substantial diminution of Executive's job responsibilities, without\n            Executive's prior written consent; or\n\n      (v)   Executive's immediate supervisor occupying a lesser position than is\n            occupied by such supervisor as of the date of execution of this\n            Agreement.\"\n\n\n\n\n2. All references in the Agreement to \"the Agreement\" or \"this Agreement\" shall\nmean the Agreement as modified by this Amendment. As so modified, the Agreement\nshall continue in full force and effect.\n\nIN WITNESS WHEREOF, this Amendment has been executed and delivered by the\nparties hereto as of the date first set forth above.\n\n\n\n                                          UNITED DEFENSE INDUSTRIES, INC.\n\n                                          By: \/s\/ F. Raborn\n                                              ------------------------------\n                                          Title: CFO\n                                                 ---------------------------\n\n                                          Executive\n\n                                          \/s\/ Thomas W. Rabaut\n                                          ----------------------------------\n\n                                          Name: Thomas W. Rabaut\n                                               -----------------------------\n                                          Address: 10604 Dogwood Farm LN\n                                                  --------------------------\n                                          Great Falls VA 22066\n                                          ----------------------------------\n\n                                       2\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9167],"corporate_contracts_industries":[9477],"corporate_contracts_types":[9539,9544],"class_list":["post-39681","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-united-defense-industries-inc","corporate_contracts_industries-aerospace__vehicles","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39681"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39681"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39681"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}