TO THE SEVERANCE PERIOD, EXECUTIVE SHALL BE COVERED IN
ACCORDANCE WITH THE TERMS OF ANY POLICY OF DIRECTORS AND OFFICERS LIABILITY
INSURANCE MAINTAINED BY THE COMPANY FOR THE BENEFIT OF ITS OFFICERS AND
DIRECTORS.
14.
AMENDMENTS AND MODIFICATIONS: GOVERNING
LAW.
THIS AGREEMENT MAY BE AMENDED OR MODIFIED ONLY BY A WRITING SIGNED BY BOTH
PARTIES HERETO. THE VALIDITY AND EFFECT OF THIS AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.
EXECUTIVE:
/s/ James L. VanderZanden
James Lee VanderZanden
COMPANY:
BLOUNT, INC.
By: /s/ James S. Osterman
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