EX-10.2
from 8-K
27 pages
Via Hand Delivery Lillian Etzkorn Re: Shiloh Industries, Inc. Change in Control Severance Plan (The “Plan”) Dear Lillian: This Participation Agreement (This “Agreement”) Is Made and Entered Into by and Between Lillian Etzkorn and Shiloh Industries, Inc., a Delaware Corporation (The “Company”). Unless Otherwise Defined Herein, Any Capitalized Terms Used in This Agreement Shall Have the Meaning Set Forth in the Plan. the Company Adopted the Plan to Encourage the Present and Future Continuity, Objectivity, and Dedication of the Company’s Management Personnel to Their Assigned Duties Without the Distraction Which May Arise From the Possibility of a Change in Control. a Participant in the Plan Is Eligible to Receive Certain Severance Benefits Under Certain Circumstances if His or Her Employment Is Terminated in Connection With a Change in Control of the Company, as Described in the Plan. the Company Has Chosen You to Be a Participant in the Plan, Subject to Your Being an Eligible Employee on the Date of Your Qualifying Termination and the Other Terms and Conditions Set Forth in the Plan. a Copy of the Plan Is Attached Hereto as Annex a and Is Deemed to Be Part of This Agreement. in Consideration of the Mutual Covenants Contained Herein, the Parties Hereby Agree That Terms Set Forth Opposite the Applicable Plan Provision Below Shall Be Applicable to You and Govern Your Benefits Under the Plan
12/34/56
