Exhibit 10.22

[LOGO] INFICON

                              Employment Agreement

This EMPLOYMENT AGREEMENT ("Agreement")

is entered into by and between

INFICON, Inc. (the "Company")

and

Peter G. Maier, residing at 4162 Fox Lane, Cazenovia. New York, 13035. USA (the
'Employee')

1.    Appointment; Term

      The Employee will serve as Vice President, Finance and Chief Financial
      Officer of the Company and report exclusively to the President/Chief
      Executive Officer of the Company. The Employee will serve in similar
      capacities for affiliates of the Company for no additional base salary, as
      requested by the Company's board of directors. The Employee will have
      authority, responsibilities and duties commensurate with his title. The
      Employee shall diligently and faithfully devote his full working time and
      his best efforts exclusively to his employment under this Agreement and to
      the furtherance of the best interests of the Company, subject to the
      authority and direction of President/Chief Executive Officer. The term of
      this appointment shall commence on July 1, 2003 and continue until
      terminated in accordance with the provisions of Section 6 below.

2.    Salary and Bonus

            o     The base salary of the Employee will be USD 178,500 per
                  annum., subject to yearly review and approval by the Company's
                  board of directors. The base salary will be paid with the same
                  frequency salaries are paid to other executive officers of the
                  Company. The Company may deduct or withhold from the
                  Employee's compensation all sums, which the Company may be
                  entitled to deduct or withhold under any provision of law now
                  in effect or which may become effective at any time during the
                  term of this Agreement.


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                        The Employee will be entitled to receive an annual cash
                  incentive bonus (the "Bonus") in accordance with the Company's
                  Annual Cash Incentive Bonus Plan (the "Plan"), as such Plan
                  may be modified from time to time.

3.    Vacation

      The Employee shall be entitled to paid vacation in accordance with the
      vacation policy of the Company, as such policy may be modified from time
      to time.

4.    Benefit / Fringe Benefit

      The Employee shall participate in the benefit programs on the same basis
      as generally available to other executive officers of the Company, such
      programs including health, disability and life insurance, 401(k), deferred
      compensation, vacation, SERP, etc. In addition, during his employment
      under this Agreement, the Company will continue to provide the Employee at
      its expense with the same automobile benefit the Employee has been
      receiving prior to the date of this Agreement.

5.    Business Expenses

      The Company shall reimburse the Employee for travel and other ordinary and
      necessary business expenses related to the Employee's duties, which are
      incurred by the Employee in the performance of his duties and accounted
      for in accordance with the expense reimbursement policies and procedures
      of the Company.

6.    Termination of Employment

      The employment under this Agreement may be terminated as follows:

      o     Death/Disability. This Agreement may be terminated on the death or
            disability of the Employee. "Disability" shall be determined in
            accordance with the existing policies and procedures of the Company
            as they exist from time to time. Upon termination on account of
            death, the Company will pay the Employee's beneficiary a lump sum
            equal to twelve months of current base salary. Upon termination upon
            account of disability, the Company will pay the Employee periodic
            payments in accordance Company policy, as such policy may be
            modified from time to time. Payments will be offset by any Company
            provided death or disability benefits, as applicable.

      o     Termination by the Company or by the Employee. This Agreement may be
            terminated by either party with cause upon delivery of a written
            notice


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            of termination with a 30 days notice period, or by the Company
            without cause upon delivery of a written notice of termination, or
            by the Employee without cause upon delivery of a written notice of
            termination with a 90 days notice period. Cause for termination by
            the Company will include (i) theft, embezzlement or fraud by the
            Employee, (ii) incapacity on the job by reason of the use or abuse
            of alcohol or drugs, (iii) commission of a felony or a crime
            involving moral turpitude which the Company reasonably determines
            adversely reflects upon the business, affairs, operations or
            reputation of the Company, (iv) the failure or refusal of the
            Employee to perform any significant portion of his duties hereunder
            or the failure or refusal of the Employee to follow the directives
            or established policies of the Company, (v) the Employee's negligent
            performance of his duties, (vi) the Employee's commission of an act
            of dishonesty or disloyalty toward the Company, or (vii) a material
            breach by the Employee of this Agreement, Cause for termination by
            the Employee will include a change of control of the Company, a
            material reduction in the nature of the duties of the Employee, a
            requirement that the Employee relocate, or a material breach by the
            Company of this Agreement. Upon termination by either party either
            with or without cause, the Company shall pay the Employee any unpaid
            base salary, unpaid accrued vacation and business expenses and any
            amounts due under the Company's benefits plan in accordance with the
            rules and regulations of the plans. Upon termination by the Company
            without cause or by the Employee for cause, the Employee will be
            entitled, in addition, to (i) a pro rata portion of the Annual Cash
            Incentive Bonus (if any) that otherwise would have been payable to
            the Employee in respect of such partial fiscal year, (ii) coverage
            under the Company's health insurance plan for a period of 12 months,
            (iii) continuation of the Employee's then-existing automobile
            benefit for a period of 12 months; and (iv) 12 months base salary.

7.    Confidentiality

      The Employee will not, without the prior written consent of the
      President/Chief Executive Officer, either during the term of this
      Agreement or at any time thereafter, use (whether for the benefit of
      himself or any other person or entity), disclose or in any way communicate
      to any person or entity any trade secret or confidential information
      concerning customers, sales, contracts, the business, commercial or
      financial operation of the Company or its affiliates, or any technical
      data relating to the processes, products, design, or operation used by the
      Company or its affiliates in their business, which the Employee acquires
      during the term of his employment, other than such information or data as
      may appear in published sources available to the general public. All
      memoranda, notes, records, reports, files, letters and other documents, of
      whatever nature, regarding the Company are, remain and shall become the
      Company's property, including


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      but not limited to any such documents prepared based upon papers or other
      materials originally belonging to the Employee. Unless the Company
      requests otherwise in writing, the Employee shall deliver upon the
      termination of this Agreement or at any other time upon the Company's
      request forthwith to the Company such documents, including copies or
      photocopies thereof.

8.    Ownership of Inventions, ideas and Copyrights

      The Employee acknowledges that the Company shall be the sole owner of all
      fruits and proceeds of the Employee's services hereunder, including but
      not limited to all inventions, developments, discoveries, improvements and
      all names and styles in any way relating to the business, processes,
      products, equipment or apparatus of any nature whatsoever which may be
      developed or created in connection within and during the term of the
      Employee's services hereunder (whether or not any such invention,
      discovery, improvement or name be the subject of a patent, patent
      application, trademark, trademark application or other protection), free
      and clear from any claims by the Employee (or any successor or assignee of
      the Employee) of any kind or character, and shall be promptly disclosed to
      the Company for the sole use and benefit of the Company. The Company is
      further the economic owner of all copyrightable work completed by the
      Employee during the term of this Agreement, unless otherwise agreed in
      writing. The Employee agree to execute, at the request of the Company,
      such assignments, certificates or other instruments as the Company from
      time to time deems necessary or desirable to evidence, establish,
      maintain, perfect, protect, enforce or defend the Company's rights, title
      and interest in or to any such properties.

9.    Survival

      Any Section of this Agreement which by its terms or by necessary inference
      should survive, shall survive and continue in full force and effect in
      accordance with their respective terms, notwithstanding any termination of
      this Agreement.

10.   Notices

      All notices and other communications required or permitted hereunder shall
      be in writing and shall be deemed given when (a) delivered personally or
      by overnight courier or certified mail, return receipt requested, to the
      address of the other party set forth in the preamble to this Agreement or
      to such other address for such party as shall be specified by notice given
      pursuant to this Section 10.

11.   Severability


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      Whenever possible, each provision of this Agreement shall be interpreted
      in such manner as to be effective and valid under applicable law, but if
      any provision of this Agreement is held to be invalid, illegal or
      unenforceable in any respect under applicable law or rule in any
      jurisdiction, such invalidity, illegality or unenforceability shall not
      affect the validity, legality or enforceability of any other provision of
      this Agreement or the validity, legality or enforceability of such
      provision in any other jurisdiction, but this Agreement shall be narrowed,
      reformed, construed and enforced in such jurisdiction to the extent
      required to make such provision valid, legal and enforceable or, if such
      narrowing, reformation or construction is not possible, this Agreement
      shall be enforced as if such invalid, illegal or unenforceable provision
      had never been contained herein.

12.   Entire Agreement

      This Agreement constitutes the entire agreement and understanding between
      the parties with respect to the subject matter hereof and supersedes and
      preempts any prior understandings, agreements or representations by or
      between the parties, written or oral, which may have related in any manner
      to the subject matter hereof.

13.   Assignment; Successors and Assigns

      This Agreement is personal to the Employee and the Employee shall not be
      entitled to assign his rights, duties or obligations hereunder without the
      prior written consent of the Company. This Agreement may be assigned by
      the Company to a purchaser of substantially all of the assets of the
      Company. This Agreement shall be enforceable by the Employee and the
      Employee's heirs, executors, administrators and legal representatives, and
      by the Company and its successors and assigns.

14.   Governing Law and Jurisdiction

      This Agreement shall be governed by and construed in accordance with the
      laws of the State of New York. Any dispute arising out of or relating to
      this Agreement shall be submitted to the Federal and State Courts situated
      in Syracuse, New York, USA as the court of first instance.


Place and date: October 3, 2003


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INFICON, Inc.


By: /s/ James L. Brissenden                       /s/ Peter G. Maier
   -------------------------------                ------------------------------
James L. Brissenden                               Peter G. Maier
President and Chief Executive Officer


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