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Exhibit 10.22    
    

                        's 2007 Bonus  

	2007 Base Salary:	 	 
	 	
	 
	

2007 Variable:	

 	

 
	 	
	 

YTD (1/01/07 - 12/31/07) = 2007 EBITDA  

	 	 	EBITDA	 	@	 	 	 	= 0% × factor
	 	 	EBITDA	 	@	 	 	 	= 100% × factor
	 	 	EBITDA	 	@	 	 	 	= 200% × factor

	

 	
 	

Note:
	 	 	•	Bonus is prorated between steps.
	 	 	•	Bonus can not exceed 200% of variable.
	 	 	•	Must be employed by Indalex as of 12/31/07 to be eligible for bonus.
	 	 	•	EBITDA amounts set forth above are net amounts (after all bonuses).

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Exhibit 10.24    
    

	

 	
 	

Timothy Stubbs

Chief Executive Officer

Indalex Inc., Suite 450

75 Tri-State International

Lincolnshire, IL 60069

Telephone: 847-810-3000

Facsimile: 847-295-3851

Web site: indalex.com
	December 22, 2007	 	 
	 	 	Revised 1.1.08

MR. JERRY NIES

Dear Jerry, 

        This
is to confirm your appointment as General Manager, Gainesville Operations effective immediately. This position will be domiciled at the Gainesville, Georgia plant. It is agreed and
understood that you will relocate to the Gainesville area. You will report directly to the undersigned. A summary of the details pertaining to this offer are as follows: 

	Base Salary:	 	You will continue to be paid at your current base salary in the amount of $7,307.69 paid bi-weekly ($190,000 per annum). In the event the company reduces your base salary before your third (3rd) anniversary in
this assignment, you may refuse to accept such reduction and elect to be paid severance as a termination without cause as outlined below in this letter.
	

Bonus Plan:	
 	

You will continue to be eligible to participate in our Management Incentive Plan (the "Plan") at a 40% target level to a maximum opportunity of 80% of eligible base earnings. You will be red circled at this target level while you remain in this
position only. Your participation in the Plan is subject to the Plan rules as outlined in the Plan document.
	

Special Bonus:	
 	

You will be eligible for a special "turn around" bonus opportunity in 2008 in the target amount of $60,000. This target amount will be paid to you in the event you meet or exceed a 2008 Gainesville profit target to be agreed upon. If you do not meet
this target, you will not receive any special bonus payment. This special bonus will apply only for the year 2008.
	

Relocation:	
 	

You will be eligible for relocation assistance as outlined in the Company's Tier 3 Relocation Policy (copy attached).

	

Relocation Bonus:	
 	

You will also be provided an relocation bonus in the amount of sixty thousand dollars Bonus: ($60,000) less applicable withholdings. This Relocation Bonus will be paid to you in the first payroll regular payroll after receipt of your signed
relocation agreement. This payment shall be considered income and subject to applicable taxes but shall not be considered part of your salary. This payment shall not be considered in the calculation of bonus plan, or in the calculation of any base
salary related benefits, or in the calculation of amounts owing to you during a claimed notice period, in the event that your employment is terminated for whatever reason that termination occurs. It is agreed and understood that you will repay this
bonus in gross amount in the event you voluntarily terminate your employment with the company or are terminated for good cause within two (2) years from the date you execute the required relocation agreement.
	

Car Allowance:	
 	

You will be continue to receive a car allowance in the amount of $850.00 per month less applicable withholdings.
	

Miscellaneous:	
 	

You will continue to be provided a laptop and cellular telephone for purposes of conducting business on behalf of the Company (details will follow) and will continue your participation in all company provided benefit programs.

        In consideration of your continued service to the Company as General Manager, Gainesville Operations and in further consideration of your particular
responsibilities, in the event your employment is terminated by the Company, for reasons other than "Cause" the Company is prepared to provide you with the following severance terms, provided you
execute our standard release: 

	•
	For
this purpose, "Cause" will be defined as a violation of an ethical or legal code including but not limited to the Company's Code of Conduct.

	•
	During
your first six (6) months of employment you would receive on termination a lump sum representing six (6) months of annual base pay or at the Company's
election your base pay will be payable as salary continuation through the regular payroll, for the six (6) month period subsequent to your Termination Date.

	•
	After
your first six (6) months of employment you would receive on termination a lump sum representing twelve (12) months of annual base pay or at the
Company's election your base pay will be payable as salary continuation through the regular payroll, for the twelve (12) month period subsequent to your Termination Date. By way of example, if
your employment were terminated, for other than cause, after completing six (6) months of service, you would receive twelve (12) months of severance pay. 

        You
agree that during the employment relationship you will not do or prepare to do, and for six (6) months after termination of your employment with the Company you will not do
any of the following: (a) compete with the Company in any way, (b) furnish services or advise (as an employee, independent contractor or in any other capacity) to any competitor of the
Company, (c) solicit or suggest to any employee, customer, or other person or entity having or contemplating a business relationship with the Company to end or curtail that relationship or to
refrain from entering into such relationship. It is the intent of the parties that if any of these commitments by you, or any portion of a commitment, is found by a court of competent jurisdiction to
be unenforceable as written, the court should revise such provision or portion of a provision, as to its duration, scope or any other issue, to the extent necessary to allow its enforcement, and that
the revision will thereafter govern in that jurisdiction, subject only to any allowable appeals of that court decision. 

        You
represent and warrant that: you are not party to or bound by any non-competition, non-solicitation, confidentiality or other agreement or restriction that
purports to prevent or restrict you in any way or to any extent from (A) engaging in the employment that you have been offered by the Company; (B) soliciting or inducing any person to
become a customer of the Company; (C) soliciting or inducing any person to become an employee of the Company; (D) soliciting or 

inducing
any person to enter into any other business relationship with the Company; (E) using any information and expertise that Employee possesses (other than information constituting a trade
secret of another person under applicable law) for the benefit of the Company; or (F) performing any obligation under this Agreement. 

        You
agree that you will not use in the course of your employment with the Company disclose to the Company or its personnel, any information belonging to any other person that is subject
to any confidentiality agreement with or constitutes a trade secret of another person. 

        Employment
with the company is at the mutual consent of each employee and the company. Accordingly, while the company has every hope that your employment relationship will be mutually
beneficial and rewarding, employees and the company retain the right to terminate the employment relationship at-will, at any time, with or without cause or advance notice. It is also
important to note that no individual, other than the company's Senior Vice President of Human Resources, has the legal authority or ability to alter the at-will nature of the employment
relationship. The Senior Vice President of Human Resources of the company can only alter the at-will nature of the employment relationship if he does so in a written agreement that is
signed both by him and by you. This represents an integrated agreement with respect to the at-will nature of the employment relationship and must be agreed to as a condition of your
acceptance of this offer of employment. 

        This
letter confirms all understandings Indalex has reached with you concerning your employment with Indalex. If it is in any way inconsistent with anything previously discussed, please
contact me immediately. 

        Should
you have any questions concerning this letter or any other issue, please feel free to contact Dale Tabinowski, Senior Vice President, Human Resources at
847-810-3225 or 847-612-2091 (cell). 

        Jerry,
congratulations on your appointment to this important responsibility for our company. I look forward to working with you. 

	

Sincerely,	
 	

 
	

 	

 	

 
	

Timothy Stubbs

Chief Executive Officer

Indalex Inc.

Cc:    Dale Tabinowski	
 	

 

	 

	UPON ACCEPTANCE OF THE ABOVE OFFER, PLEASE SIGN AND RETURN TO Dale Tabinowski

	

 	
 	
OFFER ACCEPTED:	
 	

 
	

 	
 	
SIGNATURE	
 	

 
	

 	
 	

/s/  JERRY W. NIES      
 Jerry Nies	
 	

 
	

 	
 	

1/1/2008
 DATE	
 	

 

Nies, Jerry General Manager, Gainesville Operations, 1-1-08  

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Exhibit 10.27    
    

EXECUTION VERSION  

BONUS AGREEMENT  

        This BONUS AGREEMENT (this "Agreement") is entered into as of this 14th day of September, 2007, by and
between Indalex Holdings Finance, Inc., a Delaware corporation (the "Company") and Keith Burlingame
("Employee"), on the following terms and conditions: 

	1.
	The
Company shall pay Employee a cash bonus (payable as set forth herein) (the "Bonus") in an aggregate amount up to $156,293.91.
Employee agrees and acknowledges that if Employee is no longer an employee, for whatever reason, of the Company or its subsidiaries, or Employee breaches or violates (as determined in the sole
discretion of the Company's Board of Directors) any of the terms or provisions of this Agreement, any grant agreement whereby the Company granted (or in the future grants) options or other securities
to Employee, or any employment, bonus, option grant or other agreement between Employee and the Company or its affiliates, Employee will not be entitled to receive the Bonus.

	2.
	Subject
to the terms hereof:

	(a)
	As
soon as practicable after the occurrence of a Change in Control (as defined below), but in no event later than 60 days following the Change in Control, the Company shall pay
Employee an amount equal to $156,293.91, less the amount, if any, by which $222,500 is greater than the product of (A) the fair market value of a share the Company's common stock (the
"Company Common Stock") on the date of the Change in Control, as determined by the Company's Board of Directors in its sole discretion, multiplied by
(B) 2,000 (the amount resulting from this calculation, the "Bonus Amount").

	(b)
	In
the event the Bonus Amount is less than or equal to $0, no amount shall be payable hereunder by either party hereto.

	(c)
	For
purposes of this Agreement, "Change in Control" shall mean (i) any consolidation, merger or other transaction in which the
Company is not the surviving entity or which results in the acquisition of all or substantially all of the Company's outstanding shares of common stock by a single person or entity or by a group of
persons or entities acting in concert or (ii) any sale or transfer of all or substantially all of the Company's assets (excluding, however, for this purpose any real estate
"sale-lease back" transaction); provided, however, that the term "Change in Control" shall
not include transactions either (x) with affiliates of the Company or Sun Capital Partners, Inc. ("Sun") (as determined by the Company's
Board of Directors in its sole discretion) or (y) pursuant to which more than fifty percent (50%) of the shares of voting stock of the surviving or acquiring entity is owned and/or controlled
(by agreement or otherwise), directly or indirectly, by Sun or its affiliates; provided, further, that a
transaction shall not constitute a Change in Control unless the transaction also constitutes a change in the ownership or effective control of the Company, or in the ownership of a substantial portion
of the Company's assets, within the meaning of Section 409A(a)(2)(A)(v) of the Code and the regulations or other published guidance (including, without limitation, Internal Revenue Service
Notice 2005-1 and Proposed Regulation Section 1.409A-3) promulgated thereunder.

	3.
	The
permitted payment events specified in Section 2 are intended to comply with the provisions of Section 409A(a)(2) of the Internal Revenue Code of 1986, as amended (the
"Code"). The Company may make any changes to this Agreement it determines in its sole discretion are necessary to comply with the provisions of Code
Section 409A and any final, proposed, or temporary regulations or any other guidance issued thereunder without the consent of Employee.

	4.
	The
Company may withhold from any amounts payable to Employee under this Agreement such foreign, federal, state, local and other taxes as may be required to be withheld pursuant to any
applicable law or regulation. 

 
	5.
	Employee
agrees to abide by and hereby reaffirms the covenants and agreements set forth in this Agreement, any grant agreement whereby the Company granted (or in the future grants)
options or other securities to Employee, or any employment, bonus, option grant or other agreement between Employee and the Company or its affiliates; and agrees that this Agreement constitutes
additional consideration in support of such covenants and agreements.

	6.
	This
Agreement is legally binding on the parties and their respective successors and assigns. It may be executed in counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. It constitutes the entire agreement and understanding of the parties with respect to the subject matter hereof (including, without
limitation, with respect to any bonuses payable in connection with the July 18, 2006, $1.52 per share dividend described in the Company's annual report on Form 10K for the fiscal year
ended December 31, 2006), and supersedes and preempts any prior written or oral agreements understandings, or representations. Except as set forth herein, the terms and provisions of this
Agreement cannot be terminated, modified or amended except in a writing signed by the party against whom enforcement is sought. This Agreement shall be governed by, and construed and, except as set
forth in the second to last sentence of this paragraph, interpreted in accordance with, the laws of the State of Delaware, and any suit, action or proceeding arising out of or relating to this
Agreement shall be commenced and maintained in any court of competent subject matter jurisdiction located in Wilmington, Delaware. In any suit, action or proceeding arising out of or in connection
with this Agreement, the prevailing party shall be entitled to recover from the other party, upon final judgment on the merits, all attorneys' fees and disbursements actually billed to such party,
including all such fees and disbursements incurred at trial, during any appeal or during negotiations. None of Employee's rights under this Agreement may be transferred, assigned, pledged or
encumbered. Any ambiguity with respect to any term of this Agreement or any interpretation thereof shall be resolved in the sole discretion of the Company's Board of Directors. EACH OF THE PARTIES TO
THIS AGREEMENT IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF, CONNECTED WITH OR RELATING TO THIS AGREEMENT, THE MATTERS
CONTEMPLATED HEREBY, OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT.

	7.
	Employee
agrees and acknowledges that nothing in this Agreement shall confer upon Employee any right to continue in the employ of the Company or any of its subsidiaries or affiliates,
or interfere in any way with any right of the Company or any of its subsidiaries or affiliates to terminate such employment at any time for any reason whatsoever (whether for cause or without cause)
without liability to the Company or any of its subsidiaries or affiliates. 

*    *    *    *    * 

2

 

        IN
WITNESS WHEREOF, the parties have executed this Bonus Agreement as of the date first above written. 

	 	 	Indalex Holdings Finance, Inc.
	

 	
 	

By:	

/s/ Tim Stubbs
 Name:

Title:
	

 	
 	

/s/ Keith Burlingame
 Keith Burlingame

Signature Page to Bonus Agreement  

3

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Exhibit 10.27

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