Document:

EX-10.3

 Exhibit 10.3 

EXECUTION COPY 
 AGREEMENT 

by and between 
 Mr. Stephen Ooi
Hong Liang, (NRIC No.             ), a Singapore national residing at             , Singapore 127359 (hereinafter, for
convenience only, “Mr. Ooi”), 
 on the one side, and 

Zimmer Pte. Ltd.., a company incorporated in Singapore with registration number 198201948K whose registered office is at 315 Alexandra Road, #03-03,
Sime Darby Business Centre, Singapore 159944 (the “Company”) 
 and 

Zimmer, Inc., a corporation organized under the laws of the State of Delaware, USA, with its headquarters at 345 East Main Street, Warsaw, Indiana USA
46580. For purposes of this Agreement, the terms “Shareholder” and “Zimmer” mean Zimmer, Inc. and/or the ultimate parent company of Zimmer Group, Zimmer Biomet Holdings, Inc. 

on the other side. 
 ***

 W h e r e a s 
  

	(a)	Mr. Ooi has, for a period commencing 2 September 2002 and ending June 24, 2015, (the “Completion Date” performed activity as an executive officer and president of the Company and from
Completion Date until December 31, 2015 (the “Last Day of Service”) remained as an employee of the Company in an advisory capacity to the incoming president of the Company (the “President”); 

 

	(b)	in particular, Mr. Ooi has acquired a long experience in, and knowledge of, the research, development, manufacture, marketing, distribution and/or sale of orthopaedic reconstructive, spinal and trauma devices,
biologics, dental implants and related surgical products of the Zimmer Group and developed in depth knowledge of and strategic relationships with customers of Zimmer and its affiliates in Asia Pacific (including Japan) (“APAC”);

  

	(c)	Mr. Ooi and the Company have entered into a Settlement Agreement dated 5 February 2016 pursuant to which Mr. Ooi’s employment relationship with the Company shall be terminated effective from the Last
Day of Service; and 

  

	(d)	the Company desires to secure the services and the experience of Mr. Ooi as a consultant, with the designation of senior executive advisor to the Company (“Senior Executive Advisor”) effective as
of January 1, 2016, as better set forth below, and Mr. Ooi is willing to serve in that capacity. 

 *** 

 All the above recitals being an integral part of this Agreement, the parties have agreed to the following: 

 

	1.	Appointment as Senior Executive Advisor  

  

	1.1	Mr. Ooi accepts serving in the capacity of Senior Executive Advisor for the term indicated in Clause 6 below (the “Term”) and the Company shall appoint Mr. Ooi (and keep such
appointment) as Senior Executive Advisor for the Term. 

  

	1.2	No amendment, increase or reduction in the scope of Mr. Ooi’s role and activities under this Agreement shall be valid unless it is in writing and signed by or on behalf of each of the parties. In this
regard, the parties shall not unreasonably withhold their respective agreements to any such variation. 

  

	1.3	The Company reserves the right to appoint other advisors or consultants and/or delegate powers to other appointees. 

  

	2.	Activities 

  

	2.1	Mr. Ooi agrees to act as Senior Executive Advisor and provide the following services (the “Services”): 

  

	 	A)	transition executive leadership responsibilities and knowledge for Zimmer’s APAC region to the President or other employees designated by the President; 

 

	 	B)	support and facilitate integration activities of Zimmer’s APAC region; 

  

	 	C)	facilitate ongoing leadership and knowledge transfer with respect to key activities; 

  

	 	D)	provide ongoing leadership and knowledge transfer with respect to surgeon-customer relationships whenever needed; 

  

	 	E)	assist with the identification and support of strategic needs of Zimmer’s APAC organization and businesses; 

  

	 	F)	assist and support various special strategic projects as identified and assigned from time to time by the President; 

  

	 	G)	assist Zimmer’s APAC entities at any trade organization as requested; 

  

	 	H)	perform such consultancy assignments as the President shall assign; and 

  

	 	I)	perform any other activities as the President shall deem necessary during the Term: 

  
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	 	(i)	to ensure the smooth and successful transition of the knowledge, experience and expertise of Mr. Ooi to the President; and 

  

	 	(ii)	to facilitate and protect the continuing growth and development of the business interests and opportunities of the Company and Zimmer’s Group companies in APAC. 

 

	2.2	Mr. Ooi will devote whatever time, attention and skill is needed to perform the Services properly unless prevented from doing so by ill health or injury. It is expected that Mr. Ooi will make his
Services available when required by the Company and will commit no less than 80 per cent of a calendar year (on the basis of a 40-hour work week) for the performance of the Services if required. 

 

	2.3	The parties acknowledge that the Services shall be provided within the territory of APAC, unless otherwise agreed in relation to special projects. 

 

	2.4	For the Term of this appointment Mr. Ooi will provide progress reports on the Services to the President. 

  

	3.	Service Fees 

  

	3.1	The Company shall pay Mr. Ooi for providing the Services, a gross monthly amount of S$59,316.67, to be paid by the Company to Mr. Ooi on the 25th day
of each calendar month, for the duration of the Term (the “Service Fees”). For the avoidance of doubt and without prejudice to the foregoing, the first monthly instalment of the Service Fees shall be paid within 7 working days of
the date of this Agreement. 

  

	3.2	For the purposes of providing the Services, Mr. Ooi will be provided with office space, if necessary, and car parking space. The Company shall reimburse Mr. Ooi for all out of pocket and other expenses
reasonably and properly incurred by him in the provision of the Services, including but not limited to, expenses related to local travel, internet and mobile phone subscription, by way of an aggregate lump sum equal to a gross amount of S$87,600 to
be paid by the Company to Mr. Ooi in twelve (12) monthly instalments on the 25th day of each calendar month, each equal to a gross amount of S$7,300. 

 

	3.3	Notwithstanding Clause 3.2, the Company shall reimburse to Mr. Ooi all reasonable and necessary overseas travel and related expenses (including but not limited to flights, ground transportation,
accommodation and meals) properly incurred in connection with the performance of the Services, upon the following conditions: 

  
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	 	(A)	Mr. Ooi has obtained the prior written consent of the Company in respect of any such travel; 

  

	 	(B)	the Company or its appointed travel agent will make the flight and accommodation arrangements; 

  

	 	(B)	business class travel is permitted for (i) flights above five (5) hours per sector and (ii) flights to/from Singapore and the following countries: Japan, Korea, China, India, and Taiwan;

  

	 	(C)	expenses for meals when dining alone during overseas travel in connection the provision of the Services, shall be subject to the following limits, which may be amended from time to time by the Company: US$25 for
breakfast, US$40 for lunch and US$75 for dinner; 

  

	 	(D)	expenses for meals when, as directed by the President, dining with Zimmer Group employees and/or other individuals (whether during such overseas travel or in Singapore) in connection the provision of the Services, shall
be subject to the following limits per person, which may be amended from time to time by the Company: US$25 for breakfast, US$40 for lunch and US$75 for dinner; and 

 

	 	(E)	expenses for meals when dining with healthcare professionals (whether during such overseas travel or in Singapore) related to a business purpose and in connection with the provision of the Services are, subject to the
prescribed meal limits, reimbursable. The meal limits applicable, which may be amended from time to time, will be provided to Mr. Ooi. 

  

	3.4	In order to obtain reimbursement under Clause 3.3, Mr. Ooi shall provide itemized receipts for the expenses he submits to the Company for reimbursement. Any exception to this requirement will need to be
approved by the President. 

  

	3.5	Mr. Ooi agrees and understands that, as an independent contractor, he shall not be entitled to participate in any compensation, benefit and/or equity programs of any Zimmer Group company, unless otherwise
provided under the terms of this Agreement. Notwithstanding the foregoing sentence, equity awards granted to Mr. Ooi prior to the Completion Date shall continue to be governed by the terms and conditions of those awards. 

  
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	3.6	Mr. Ooi shall be responsible for payment of all Singapore income taxes on the Service Fees payable under this Agreement as well as other benefits and allowances relating to his appointment as Senior
Executive Advisor. 

  

	3.7	For the avoidance of doubt, as Mr. Ooi is not an employee, he will not be entitled to receive from the Company any sick pay, holiday, or other employee benefits. Notwithstanding this, the Company, out of
goodwill, shall provide Mr. Ooi and his spouse with medical insurance (Integrated Shield Insurance) for the duration of the Term. 

  

	4.	Ownership of Work 

  

	4.1	All business and technical data and information, including trade secrets, all intellectual property rights, all inventions, discoveries, methods, designs, know-how, chemical formulas, programs and/or services,
whether or not patentable, and all works of authorship (including illustrations, writings, mask works, software and computer programs), created or conceived by Mr. Ooi (alone or in conjunction with others) during the Term and related to the
existing or contemplated business or research of the Company or of any of the Zimmer Group companies (including the Shareholder) (“Work”) shall exclusively belong to the Company and/or, as the case may be, to any appropriate Zimmer
Group company. Mr. Ooi agrees that by operation of law and/or the effect of this Agreement, Mr. Ooi does not have any rights, title or interest in any Works. Notwithstanding, Mr. Ooi may, at the Company’s or Zimmer’s
discretion be recognised as the inventor of any Work without retaining any other rights associated therewith. 

  

	4.2	Mr. Ooi shall promptly disclose to the Company and/or the Shareholder, in writing, all such Works and, to the maximum extent permitted by applicable law, assign to the Company all of his interest in such
Works and consider himself trustee for the Company in relation to all such Works. During the Term and thereafter, Mr. Ooi shall cooperate with the Company, without any compensation in addition to that agreed upon under Clause 3, in order to
grant only to the Company (or to a nominee appointed by the Company) any and all rights, title and interests (including any registration rights) in such Works and shall execute any papers and do any acts which the Company and/or the Shareholder may
consider necessary to secure any and all rights relating to such Works, including all patents and copyrights in any country, to perfect and enforce any of the Company’s proprietary rights or give the Company or its nominee the full benefit of
the provisions of this Agreement. 

  
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	4.3	Mr. Ooi will not disclose or make use of any Work without the Company’s prior written consent except to comply with this Clause 4 or to perform the activities in Clause 2. 

 

	4.4	Unless otherwise prohibited by applicable mandatory laws, Mr. Ooi irrevocably waives any moral rights Mr. Ooi may have under the Singapore Copyright Act, Chapter 63 (including those rights set out or
referred to under Part IX therein) or similar legislation in any jurisdiction and any other moral rights to which Mr. Ooi is or may be entitled to under any legislation now existing or in future enacted in any part of the world. Rights and
obligations under this Clause 4 will continue in force after the termination of this Agreement in respect of Works made during this Agreement and will be binding on Mr. Ooi’s personal representatives. 

 

	4.5	Mr. Ooi will not do or fail to do any act which would or might prejudice the rights of the Company under this Clause 4. 

 

	5.	Confidentiality Obligations  

  

	5.1	Mr. Ooi shall not, either during the Term or at any time after the termination thereof, for any purpose other than for the exclusive benefit of the Company and/or the Shareholder and/or a Zimmer Group
company, communicate or disclose to any person whomsoever or otherwise make use of (and shall use his best efforts to prevent the publication or disclosure of) any Confidential Information. Confidential Information includes but is not limited to,
any and all of the Company’s and all other Zimmer Group companies’ trade secrets, confidential and proprietary information and all other information and data of the Company and all other Zimmer Group companies that is not generally known
to the public or other third parties who could derive economic value from its use or disclosure, confidential business methods and processes, research and development information, business plans and strategies, marketing plans and strategies,
information pertaining to current and prospective customers, information pertaining to distributors, pricing information, costing information, non-public financial information, personnel information, and information about current and prospective
products or services, whether or not reduced to writing or other tangible medium of expression, including work poduct created by Mr. Ooi in rendering services for the Company and all other Zimmer Group Companies. 

 

	5.2	 Mr. Ooi agrees to keep as the Company’s property and to treat as Confidential Information all
memoranda, books, papers, letters, and all other data in any way relating to the business and affairs of the Company or a Zimmer Group company, and all copies thereof and therefrom,

  
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whether made by Mr. Ooi or otherwise coming into Mr. Ooi’s possession or control. Mr. Ooi shall immediately surrender such materials to the Company or to the Shareholder on
the termination of this Agreement irrespective of the grounds therefore, or upon Company’s and/or the Shareholder’s first demand. 

  

	5.3	“Group” or “Group company” for the purposes of this Agreement shall mean the company or group of companies that (i) directly or indirectly control the Company and/or the Shareholder,
(ii) are controlled, directly or indirectly, by the Company and/or the Shareholder or (iii) are controlled by the same company or group of companies that, directly or indirectly, control the Company and/or the Shareholder.

  

	5.4	The word “control” (including its correlative meanings, “controlled by”, “controlling” and “under common control with”) shall mean, with respect to a corporation, the right
to exercise, directly or indirectly, more than 50 percent. of the voting rights attributable to the shares of the controlled corporation and, with respect to any person other than a corporation, the possession, directly or indirectly, of the power
to direct or cause the direction of the management or policies of such person. 

  

	6.	Term 

  

	6.1	This Agreement shall be effective between the parties starting as of January 1, 2016 and terminating as of December 31, 2016, unless sooner terminated in accordance with the terms set out herein.

  

	6.2	This Agreement shall be renewable for such further periods and on such terms as may be mutually agreed upon in writing by the parties to the same. Should the Company desire to renew the Agreement after the Term,
it shall endeavour to inform Mr Ooi of its intention (subject to the terms of renewal being mutually agreed upon) no less than three months prior to the expiry of the Term. For the avoidance of doubt, any such notice of intention shall not be
binding and shall be subject to the parties’ mutual written agreement. 

  

	6.3	 Upon the termination of this Agreement howsoever arising, Mr. Ooi shall immediately resign as Senior
Executive Advisor of the Company and from all other positions (if any) held with a Zimmer Group company and forthwith deliver to the Company all Confidential Information including price lists, lists of customers, correspondence, documents
incorporating any Confidential Information and all other correspondence, books, papers, materials and/or all 

  
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other property of the Company and/or of the Shareholder or of any Zimmer Group company which may have been prepared by Mr. Ooi or have come into his possession in the course of his
performance hereunder or are under his power or control and he shall not retain any copies thereof. 

  

	7.	Exclusivity  

  

	7.1	Mr. Ooi will, in the course of his performance hereunder, obtain knowledge of Confidential Information (as defined under Clause 5.1), regarding the business of the Company (as described below) and of other
Zimmer Group companies with which he may have relations. Mr. Ooi will be also be dealing with the Company’s and Zimmer Group companies’ customers, contacts and employees and will have personal knowledge of and influence over the same.
Accordingly, in consideration of the receipt of the Service Fees, Mr. Ooi hereby agrees that he will not, for the entire period during which he will perform his Services under this Agreement, be employed under, or in any manner take part in or
lend his name, counsel or assistance to any person in any capacity whatsoever for any purpose which would or could reasonably expected to be competitive with the business(es) of any Zimmer Group company (including without limitation, any business
and/or any ancillary services and any other trade or business regarding the research, development, manufacture, marketing, distribution or sale of orthopaedic reconstructive products, spinal devices, trauma devices, biologics, dental implants, or
related surgical products or services, including any new product formulation, product modification, and/or product improvement (a) that resembles or competes with a device, product, or process which the Company and/or the Shareholder or any
Zimmer Group company researched, manufactured, marketed, distributed or sold during the duration of this Agreement and/or (b) with which Mr. Ooi worked in the course of this Agreement or about which Mr. Ooi obtained Confidential
Information in the course of this Agreement, as well as any other product, plan, business strategy and/or development process that Mr. Ooi learns of during the term of this Agreement). 

 

	7.2	The covenants under Clause 7.1 above shall be applicable to Australia, China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. 

 

	7.3	In the event that any of the restrictions under this Clause 7 is held void or not capable of producing consequences, but would be valid and/or would produce consequences if part of the wording thereof were
deleted, such restriction shall apply with such deletion and/or limiting its scope, as it may be necessary to make it valid and effective. 

  
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	7.4	Mr. Ooi agrees that in case of breach, during the Term, of any of the covenants undertaken under Clause 7.1 above in any of the territories named in Clause 7.2 above, he shall be obliged to pay to the
Shareholder, by way of liquidated damages, an amount equal to the sum of the total fee payable to Mr. Ooi over the Term pursuant to Clause 3.1, without prejudice for any further damage and the right of the Shareholder and/or the Company to
activate any judicial remedy, also on an injunctive basis, for the enforcement of the covenant 

  

	8.	Survival of Provisions 

  

	8.1	The obligations of Mr. Ooi pursuant to Clauses 4, 5 and 15 of this Agreement shall survive the termination or expiry of this Agreement. 

 

	9.	Exclusion of Employment, Agency Relationship.  

  

	9.1	This Agreement does not create either an employment, or an agency or other such direct relationship between the Company, the Shareholder and Mr. Ooi, since the common intent of the parties is that, by means
of the mutual obligations and covenants undertaken herewith, they are willing to govern the relationship between Mr. Ooi and the Company, as expressly set forth in the preamble to this Agreement. Mr. Ooi will not, at any time, hold himself
out as having any employment, agency or other such direct relationship with the Company and/or the Shareholder. 

  

	9.2	The parties to this Agreement expressly exclude that the performance of the Services described in this Agreement by Mr. Ooi in favor of the Company may establish either an employment relationship or a
commercial agency agreement between the Company and Mr. Ooi. 

  

	9.3	Save for any act or omission at the direction and with the approval of the President, the Company will not be liable for any of Mr. Ooi’s acts or omissions and Mr. Ooi will indemnify the Company
and keep it indemnified against all costs, claims, expenses and liabilities whatsoever and howsoever incurred resulting from or arising out of any such acts or omissions. 

 

	9.4	 Mr. Ooi further undertakes to indemnify and hold harmless the Company or any other Zimmer Group
company against any applicable taxes whether direct or indirect (including social security contributions and any other payroll taxes), whenever and wherever imposed (and whether 

  
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imposed by way of a withholding or deduction for or on account of tax or otherwise) on the Company or any other Zimmer Group company arising from or in connection with this Agreement and/or
Mr. Ooi’s engagement as Senior Executive Advisor hereunder and in respect of any person and all penalties, charges, costs and interest relating thereto. 

 

	10.	Notices 

  

	10.1	Unless otherwise expressly required, any and all notices or any other communications regarding this Agreement shall be in writing and shall be given by registered mail, return receipt requested, and addressed to
the address specified for each party hereto at the beginning of this Agreement or to such other address as any party hereto shall have designated by written notice to the other in the manner specified above. Each party shall also be entitled to give
notices by such other means that the party giving such notice obtains documented evidence of receipt of the notice itself. 

  

	11.	Headings 

  

	11.1	The descriptive words or phrases at the head of the various articles hereof are inserted only as a convenience and for reference and in no way are intended to be a part of this Agreement, or in any way define,
limit or describe the scope or intent of the particular article to which they refer. 

  

	12.	Irrevocable Rights in Favor of the Company 

  

	12.1	All the provisions of this Agreement purporting to grant rights and/or otherwise made in favor of the Company and/or the Shareholder, are irrevocable by Mr. Ooi; the Company may directly exercise those rights
and/or otherwise take advantage of such provisions. 

  

	13.	Conduct Provisions of the Company and Compliance with FCPA 

  

	13.1	Mr. Ooi acknowledges that the Company, the Shareholder and the other companies of Zimmer Group, adopted and shall adopt provisions of business ethics with the purpose of regulating the conduct of their own
employees, non-employed collaborators, members of boards of directors, providers of works or services and business partners. 

  

	13.2	Mr. Ooi undertakes to fully comply with all business ethics conduct provisions from time to time adopted by the Company and, generally, by the companies of Zimmer Group (including any future amendments, new
provisions, related or replacing provisions). 

  
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	13.3	Mr. Ooi shall comply with, and will not cause Shareholder and its subsidiaries, affiliates, associates, directors, officers, employees, representatives or agents worldwide to be in violation of the United States
Foreign Corrupt Practices Act (the “FCPA”) and all relevant regulations prohibiting bribery. Without limiting the foregoing, Mr. Ooi will not, directly or indirectly, pay any money to, or offer or give anything of value to, any
“government official” as that term is used in the FCPA and any other applicable regulation, in order to obtain or retain business or to secure any commercial or financial advantage for Shareholder or any Zimmer Group companies or for
himself. 

  

	13.4	Should Mr. Ooi be in breach of one or more of the conduct provisions under Clause 13 during the Term or should evidence arise of such a breach committed during his time as an employee of the Company, the
Shareholder shall be entitled to terminate this Agreement and in that event this covenant shall be deemed an express termination clause and termination shall be exclusively attributable to Mr. Ooi’s breach. 

 

	13.5	Mr. Ooi undertakes to indemnify and hold harmless the Company and/or the Shareholder from any further liabilities, costs or expenses that may derive to the Company and/or the Shareholder in case the
circumstances under Clause 13 above occur and in any case (a) from any further liabilities, costs or expenses that may arise out or in connection with the default by Mr. Ooi of the obligations herein provided; and (b) from any further
liabilities, costs or expenses that may arise out or in connection with actions of third parties based on said default. 

  

	13.6	Mr. Ooi commits to timely take all trainings as requested by the Company and/or the Shareholder from time to time, including, but not limited to, training related to the Zimmer Biomet Holdings, Inc. Code of
Business Conduct and Ethics, healthcare compliance, global anticorruption policies and compliance with the FCPA. 

  

	14.	Express Termination Clause 

  

	14.1	 The Company shall be entitled to terminate this Agreement, and in that event termination shall be
exclusively attributable to Mr. Ooi, in case of: (a) serious breach, by Mr. Ooi, of the legal obligations as Senior Executive Advisor of the Company (including but not limited to failure to comply with the terms of this Agreement
and/or failure to discharge the duties under this Agreement efficiently, diligently and/or to the standard required by the Company); (b) serious breach, by Mr. Ooi, of the Shareholder’s corporate policies and regulations;
(c) breach of Confidentiality Obligations contained in Clause 5; (d) breach of any non compete covenant 

  
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contained in Clause 7; (e) breach of the Conduct Provisions contained in Clause 13; (f) impossibility to perform his services under this Agreement for a period exceeding three
(3) calendar months due to disability, injury or sickness; or (g) Mr. Ooi’s death. In the event the Company terminates this Agreement for the reasons set out in this Clause 14.1, it shall inform Mr. Ooi of its decision to do
so in writing as soon as reasonably practicable. 

  

	14.2	Mr. Ooi will have no claim for damages or any other remedy against the Company and/or the Shareholder if this Agreement is terminated for any of the reasons set out in Clause 14.1. 

 

	14.3	Mr. Ooi undertakes to indemnify and hold harmless the Company and/or the Shareholder from any further liabilities, costs or expenses that may derive to the Shareholder in case the circumstances under Clause
14.1 above occur, except for the circumstances under Clause 14.1(f) and 14.1(g) above, and in any case (a) from any further liabilities, costs or expenses that may arise out or in connection with the default by Mr. Ooi of the obligations
herein provided; and (b) from any further liabilities, costs or expenses that may arise out or in connection with actions of third parties based on said default. 

 

	15.	Covenant Not to Disparage 

  

	15.1	During the Term and thereafter, Mr. Ooi will not make or publish any disparaging or derogatory statements about the Company, the Shareholder and/or any Zimmer Group company; about products, processes, or
services of the Company, the Shareholder and/or any Zimmer Group company; or about the past, present and future officers, directors, employees, attorneys and agents of the Company, the Shareholder and/or any Zimmer Group company. Disparaging or
derogatory statements include, but are not limited to, negative statements regarding the business or other practices of the Company, the Shareholder and/or any Zimmer Group company; provided, however, nothing herein shall prohibit Mr. Ooi from
providing any information as may be compelled by law or legal process. 

  

	16.	Conflicts of Interest 

  

	16.1	Mr Ooi shall not, without the Company and/or Shareholder’s prior written consent, during the Term be engaged or interested either directly or indirectly in any capacity in any trade, business or occupation
or in any manner take part in or lend his name, counsel or assistance to any person in any capacity whatsoever for any purpose which would or could reasonably expected to be competitive with the business(es) of the Company and/or the Shareholder. In
this Clause, the expression “occupation” shall include the holding of any public or private office which in the Company and/or Shareholder’s opinion may hinder or otherwise interfere with the performance of your duties hereunder.

  
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	16.2	During the Term, Mr. Ooi shall inform and obtain the prior approval of the President before accepting any board positions of a for-profit public or privately held organisation regardless of whether such an
organisation falls under the ambit of Clause 16.1 above. 

  

	17.	Assignment  

  

	17.1	This Agreement is personal to Mr. Ooi and Mr. Ooi cannot assign, delegate or sub-contract his obligations under it to anyone else. 

 

	18.	Governing Law and Jurisdiction 

  

	18.1	This agreement shall be governed by and interpreted in accordance with the laws of Singapore. Each of the parties submits to the exclusive jurisdiction of the courts of Singapore as regards any claim or matter
arising under this Agreement. 

  

	19.	Third Party Rights 

  

	19.1	Save for all Zimmer Group companies and their directors, officers, members, employees, shareholders, agents, servants, advisers, representatives and successors in name and/or title, a person who is not a party to
this agreement has no right under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore to enforce any term of this Agreement. 

  

	20.	Miscellaneous 

  

	20.1	This Agreement may only be modified by the written agreement of the parties. 

  

	20.2	This Agreement supersedes any previous written or oral agreement between the parties in relation to the matters dealt with in it. It contains the whole agreement between the parties (except for those terms
implied by law which cannot be excluded by the agreement of the parties) in relation to the subject matter of this Agreement at the date of this Agreement. Mr. Ooi acknowledges that he has not been induced to enter into this Agreement by any
representation, warranty or undertaking not expressly incorporated into it. Mr. Ooi agrees and acknowledges that his only rights and remedies in relation to any representation, warranty or undertaking made or given in connection with this
Agreement (unless such representation, warranty or undertaking was made fraudulently) will be for breach of the terms of this Agreement, to the exclusion of all other rights and remedies (including those in tort or arising under statute).

  
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	20.3	Neither party’s rights or powers under this Agreement will be affected if one party delays in enforcing any provision of this Agreement or one party grants time to the other party. 

 

	20.4	If either party agrees to waive his rights under a provision of this Agreement, that waiver will only be effective if it is in writing and it is signed by him. A party’s agreement to waive any breach of any
term or condition of this Agreement will not be regarded as a waiver of any subsequent breach of the same term or condition or a different term or condition. 

  

	21.	Counterparts 

  

	21.1.	This Agreement may be entered into in any number of counterparts and by the parties on separate counterparts, each of which when so executed and delivered shall be an original, but all the counterparts so
executed by the parties shall together constitute one and the same instrument and shall be binding on the parties as if they had executed this Agreement in a single document. 

  
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 Warsaw, Indiana, USA February 9, 2016 

Zimmer, Inc. 
 By: /s/ BILL P. FISHER 

Bill P. Fisher 
 Senior Vice President, Global Human Resources

 Singapore February 9, 2016 
 Zimmer Pte. Ltd

 By: /s/ YI SANG-UK 
 Yi Sang-Uk 

President of the Board 
 Sinapore February 5, 2016 

Mr. Stephen Ooi Hong Liang 
 /s/ STEPHEN OOI HONG
LIANG 

  
 15EX-10.4

 Exhibit 10.4 
  

 
  

			
		  	 726 Bell Avenue/Suite 301/P.O. Box 457

		  	 Carnegie, PA 15106

 May 5, 2016 
 Mr.
Rodney L. Scagline 
 Union Electric Steel Corporation 
 726
Bell Avenue, Suite 101 
 Carnegie, PA 15106 
 Dear
Rodney: 
 This Agreement (this “Agreement”) is entered into among you, Ampco-Pittsburgh Corporation (the “Corporation”)
and Union Electric Steel Corporation (“UES”), on May 5, 2016 (the “Effective Date”). 
 The Corporation and UES
recognize your experience and potential contribution to the success of UES and the Corporation and desire to assure UES of your continued employment. In this connection, the Board of Directors of the Corporation (the “Board”) and the Board
of Directors of UES (the “UES Board”) recognize that, the possibility of a change in control may exist and that such possibility, and the uncertainty that it may raise among the Corporation’s and UES’ management, may result in
the departure or distraction of management personnel to the detriment of UES, the Corporation and the Corporation’s shareholders. 

The Board and the UES Board have each determined that appropriate steps should be taken to reinforce and encourage the continued attention and
dedication of members of the Corporation’s and UES’ management, including you, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a change in control of the
Corporation or UES. 
 In order to induce you to remain in the employ of UES, the Corporation and UES each agrees that you shall receive the
severance benefits set forth in this letter agreement (“Agreement”) in the event your employment with UES is terminated subsequent to a “Change in Control” (as defined in Section 2 hereof) under the circumstances described below.

 1. Term of Agreement. This Agreement will commence effective as of the date hereof and shall continue in effect until May 8,
2018; provided, however, that if a Change in Control shall have occurred during the term of this Agreement, this Agreement cannot be cancelled. 

			
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 2. Change in Control. 

(a) Except as provided in Section 6 of this Agreement, no benefits shall be payable hereunder unless there shall have been a Change in Control
as set forth below. For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred if: 
 (i) any
“person” (as defined in Sections 13(d) and 14(d) of the Exchange Act) other than the persons or the group of persons in control of the Corporation or UES on the date hereof is or becomes the “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation or UES representing fifty percent (50%) or more of the combined voting power of the Corporation’s then outstanding securities; 

(ii) within any period of two consecutive years (not including any period prior to the execution of this Agreement) there shall cease to be a
majority of the Board comprised as follows: individuals who at the beginning of such period constitute the Board and any new director(s) whose election was approved by a vote of at least two-thirds (2/3) of the directors then still in office
who either were directors at the beginning of the period or whose election or nomination for election was previously so approved; 
 (iii)
the shareholders of the Corporation approve a merger of, or consolidation involving, the Corporation in which (A) the Corporation’s Common Stock, par value $1.00 per share (such stock, or any other securities of the Corporation into which such
stock shall have been converted through a reincorporation, recapitalization or similar transaction, hereinafter called “Common Stock of the Corporation”), is converted into shares or securities of another corporation, or into cash or other
property, or (B) the Common Stock of the Corporation is not converted as described in Clause (A), but in which more than forty percent (40%) of the Common Stock of the surviving corporation in the merger is owned by Shareholders other than those who
owned such amount prior to the merger; or any other transaction after which the Corporation’s Common Stock is no longer to be publicly traded; in each case, other than a transaction solely for the purpose of reincorporating the Corporation in
another jurisdiction or recapitalizing the Common Stock of the Corporation; or 
 (iv) the shareholders of the Corporation or UES approve a
plan of complete liquidation of the Corporation or UES, respectively, or an agreement for the sale or disposition by the Corporation or UES of all or substantially all the Corporation’s or UES’ assets, respectively, either of which is
followed by a distribution of all or substantially all of the proceeds to the shareholders. 
 3. Agreement of Employee. You
agree that in the event of a Potential Change in Control, you will not terminate employment with UES for any reason until the occurrence of a Change in Control. 

For purposes of this Agreement, a “Potential Change in Control” shall be deemed to have occurred if (i) the Corporation or UES
enters into an agreement, the consummation of 

			
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which would result in the occurrence of a Change in Control, (ii) any person (including the Corporation and UES) publicly announces an intention to take or to consider taking actions, which if
consummated would constitute a Change in Control, or (iii) either the Board or the UES Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control of the Corporation has occurred. 

4. Termination Following a Change in Control. 

(a) If any of the events described in Section 2 constituting a Change in Control shall have occurred, you shall be entitled to the benefits
provided in Section 5(d) upon the termination of your employment within twenty-four (24) months after the Change in Control has occurred, or pursuant to Section 6 prior to the Change in Control, unless such termination is (i) because of your death
or Disability, (ii) by UES for Cause, or (iii) by you other than for Good Reason. 
 (b) For purposes of this Agreement,
“Disability” shall mean that if, as a result of your incapacity due to physical or mental illness, you shall have been absent from the full-time performance of your duties with UES for six (6) consecutive months, and within thirty (30)
days after written notice of termination shall have been given to you, you shall not have returned to the full-time performance of your duties. 

(c) For purposes of this Agreement, termination by UES of your employment for “Cause” shall mean termination upon: 

(i) the willful and continued failure by you to substantially perform duties consistent with your position with UES (other than any such
failure resulting from incapacity due to physical or mental illness or termination by you for Good Reason), after a demand for substantial performance is delivered to you by the UES Board, together with a copy of the resolution of the UES Board that
specifically identifies the manner in which the Board believes that you have not substantially performed your duties, which resolution must be passed by at least two-thirds (2/3) of the entire UES Board at a meeting called for the purpose and after
an opportunity for you and your counsel to be heard by the UES Board, and you have failed to resume substantial performance of your duties on a continuous basis within fourteen (14) days of receiving such demand, 

(ii) the willful engaging by you in conduct that is demonstrably and materially injurious to UES or the Corporation, monetarily or otherwise,
as set forth in a resolution of the UES Board, which resolution must be passed by at least two-thirds (2/3) of the entire UES Board at a meeting called for the purpose and after an opportunity for you and your counsel to be heard by the UES Board,
or 
 (iii) your conviction of a felony, or conviction of a misdemeanor involving assets of UES or the Corporation. 

For purposes of this Section 4(c), no act, or failure to act, on your part shall be deemed “willful” unless done, or omitted to be done, by you not
in good faith and without reasonable belief that your action or omission was in the best interest of UES and the Corporation. 

			
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 (d) For purposes of this Agreement, “Good Reason” shall mean, without your express
written consent, the occurrence after a Change in Control of any one or more of the following conditions, which condition continues without timely and complete remedy by the Corporation after notice, as provided below: 

(i) If, following a Change in Control, your status as President of UES shall not continue or you shall not be afforded the authority,
responsibilities and prerogatives of such position and report directly to the Chief Executive Officer of the Corporation or the Parent Corporation, as the case may be; 

(ii) a reduction by UES in your base salary as in effect immediately before the Change in Control, a failure to increase such base salary at
the same intervals as prevailed before the Change in Control in an amount at least equal to the same percentage increase as the last increase prior to the Change in Control, or a reduction in bonus after the Change in Control over the last bonus
paid before the Change in Control unless there are equivalent reductions in bonuses for all executives of UES; 
 (iii) the requirement
that you be based at a location in excess of twenty-five (25) miles from the location where you are currently based; 
 (iv) the failure by
UES to continue in effect any of the UES employee benefit plans, policies, practices or arrangements in which you participate or under which you are entitled to benefits, or the failure by UES to continue your participation therein or benefits
thereunder on substantially the same basis, both in terms of the amount of benefits provided and the level of your participation relative to other participants, as existed immediately prior to the Change in Control; or 

(v) the breach of this Agreement by the Corporation or UES, as applicable, because of the Corporation’s or UES’ failure to obtain a
satisfactory agreement from any successor to the Corporation or UES, respectively, to assume and agree to perform this Agreement, as contemplated in Section 7. 

The foregoing notwithstanding, you shall notify the Corporation within 90 days of the initial existence of a particular condition described above in this
Section 4(d), and the Corporation shall have 30 days from such notice completely to remedy such particular condition so that the you are in the same position as if the condition had never occurred. If the Corporation timely and completely
remedies the condition as required above, then the particular occurrence of the particular condition for which you gave notice shall no longer constitute Good Reason. If the Corporation does not timely and completely remedy the particular
occurrence of the particular condition for which you gave notice, you shall be deemed to terminate employment for Good Reason on the 31st day following your notice to the Corporation. 

(e) For purposes of this Agreement, “Parent Corporation” shall mean any “affiliate” of UES that is the ultimate
controlling entity of UES or its successor and shall include, without limiting the generality of the foregoing, any entity (and affiliated persons and entities) that beneficially owns, directly or indirectly, fifty percent (50%) or more of the
combined voting power of the then outstanding voting stock of UES, or any entity that 

			
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beneficially owns, directly or indirectly, forty percent (40%) or more (but less than fifty percent (50%) of the combined voting power of the then outstanding voting stock of the Corporation if
such entity (or affiliated persons or entities) has at least one representative on the Board of Directors of UES. 
 (f) “Good
Reason” may be established notwithstanding your possible incapacity due to physical or mental illness, provided that Disability has not been established pursuant to Section 4(b). Your continued employment following the Change in Control
shall not constitute a waiver of any rights hereunder including, but not limited to, rights with respect to any circumstance constituting Good Reason or rights under Section 8. 

5. Compensation Upon Termination or During Incapacity. Following a Change in Control, upon termination of your employment, or
during a period of incapacity but before termination for Disability, you shall be entitled to the following benefits: 
 (a) During any
period prior to termination for Disability in which you fail to perform your full-time duties with UES as a result of incapacity due to physical or mental illness, you shall continue to receive your Base Salary at the rate in effect at the
commencement of any such period. Following termination for Disability, your benefits shall be determined in accordance with the UES’ retirement, insurance and other applicable programs and plans then in effect. 

(b) If your employment shall be terminated by UES for Cause or by you other than for Good Reason, UES shall pay to you your full Base Salary
through the date of termination of your employment at the rate then in effect, plus all other amounts to which you are entitled under any compensation or benefit plans of UES at the time such amounts are due, and neither UES nor the Corporation
shall have no further obligations to you under this Agreement. 
 (c) If your employment terminates by reason of your death, your benefits
shall be determined in accordance with UES’ retirement, survivor’s benefits, insurance and other applicable programs and plans then in effect. 

(d) If your employment by UES shall be terminated within twenty-four (24) months after the Change in Control, unless such termination is (i)
by UES for Cause, (ii) because of your death or Disability, or (iii) by you other than for Good Reason, you shall be entitled to the following benefits (the “Severance Payments”): 

(A) UES shall pay to you your full Base Salary through the date of termination of your employment at the rate then in effect; 

(B) UES shall pay to you, as severance benefits, a lump sum severance payment equal to the sum of (i) three times your annual base salary
either at the time of the Change in Control or at termination, whichever is higher, and (ii) three times your bonus paid for the prior year; 

(C) in lieu of shares of common stock of the Corporation (“Shares”) issuable upon exercise of outstanding options
(“Options”), if any, granted to you 

			
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under the Corporation’s Incentive Stock Option Plan, or under any additional, substitute or successor option program or plan as may be in effect from time to time (which Options shall be
cancelled upon the making of the payment referred to below), you shall receive an amount in cash equal to the product of (i) the higher of the closing price per Share as reported on the New York Stock Exchange on the date of termination of your
employment or the highest price per Share actually paid in connection with any Change in Control, over the exercise price per Share of each Option held by you, times (ii) the number of Shares covered by each such option; 

(D) as more completely described in Section 5(i), for a twenty-four (24) month period after such termination, UES will arrange to provide you
at its expense with benefits under UES health, dental, disability, life insurance, and other similar employee benefit insurance plans applicable to salaried employees, or benefits substantially similar to the benefits you were receiving under such
plans immediately prior to the termination of your employment; 
 (E) the opportunity to purchase the leased UES car, if any, which has
been assigned to you, at its then book value under the UES’ leasing arrangements, provided that should you choose to take such opportunity, you must complete such purchase by a date that is within two and one-half months after the calendar year
of your termination; 
 (F) any unearned Restricted Stock Units of the Corporation granted to you under the any Stock Incentive Plan of the
Corporation approved by the shareholders shall become immediately earned and vested as of the date of the termination of your employment; and 

(G) all benefits payable to you under the Ampco-Pittsburgh Corporation Retirement Plan, the Ampco-Pittsburgh Corporation Supplemental
Executive Retirement Plan, or any other defined benefit or retirement plan in effect at the time of such termination, in accordance with the terms and provisions thereof. 

(e) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment or distribution by UES to
you or for your benefit (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise) (the “Payments”) would be subject to the excise tax imposed by Section 4999 (or any successor
provisions) of the Internal Revenue Code of 1986, as amended (the “Code”), or any interest or penalty is incurred by you with respect to such excise tax (such excise tax, together with any such interest and penalties, is hereinafter
collectively referred to as the “Excise Tax”), then the Payments shall be reduced (but not below zero) if and to the extent that such reduction would result in you retaining a larger amount, on an after-tax basis (taking into account
federal, state and local income taxes and the imposition of the Excise Tax), than if you received all of the Payments. UES shall reduce 

			
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or eliminate the Payments, by first reducing or eliminating the portion of the Payments which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse
order beginning with payments or benefits which are to be paid the farthest in time from the determination. All determinations required to be made under this Section 5(e), including whether and when an adjustment to any Payments is required
and, if applicable, which Payments are to be so adjusted, shall be made by an accounting firm selected by the Corporation (the “Accounting Firm”) which shall provide detailed supporting calculations both to UES and to you within fifteen
(15) business days of the receipt of notice from you that there has been a Payment, or such earlier time as is requested by UES. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group
effecting the Change in Control, you shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses
of the Accounting Firm shall be borne solely by UES. If the Accounting Firm determines that no Excise Tax is payable by you, it shall furnish you with a written opinion that failure to report the Excise Tax on your applicable federal income tax
return would not result in the imposition of a negligence or similar penalty. Any determination by the Accounting Firm shall be binding upon UES and you. 

(f) The payments provided for in Sections 5(d)(A), (B) and (C) shall be made not later than the fifth day following your termination of
employment pursuant to the provisions of Section 5(d); provided, however, that if the amounts of such payments cannot be finally determined on or before such day, UES shall pay to you on such day an estimate as determined in good faith
by UES of the minimum amount of such payments and shall pay the remainder of such payments (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) as soon as the amount thereof can be determined, but in no event later than
the thirtieth day after the date of such termination. Such payments will be made in all events within 2-1/2 months following the calendar year in which such termination of employment occurred. If the amount of the estimated payments
exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by UES to you payable on the fifth day after demand by the Corporation (together with interest at the rate provided in Section 1274(b)(2)(B) of the
Code). 
 (g) UES shall also pay to you all legal fees and expenses incurred by you as a result of, and related to, such termination of your
employment by UES for Cause, by UES other than for Cause, or by you for Good Reason (including all such fees and expenses, if any, incurred in contesting or disputing any such termination or in seeking to obtain or enforce any right or benefit
provided by this Agreement or in connection with any tax audit or proceeding to the extent attributable to the application of Section 4999 of the Code to any payment or benefit provided hereunder). 

(h) You shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise,
nor shall the amount of any payment provided for in this Agreement be reduced by any compensation earned by you as the result of employment by another employer after the date of termination of your employment, or otherwise. 

			
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 (i) With respect to the continuation of certain employee benefits for twenty-four (24)
months pursuant to Section 5(d)(D), the following shall apply: 
 (A) During the 18-month COBRA Continuation Period, the Corporation will
provide coverage as follows: 
 (i) If you elect COBRA Continuation Coverage, you shall continue to participate in
all medical, dental and vision insurance plans you were participating in on the termination date, and the Corporation shall pay the entire applicable premium. During the COBRA Continuation Period, you shall be entitled to benefits on substantially
the same basis and cost as would have otherwise been provided had you not separated from service. To the extent that such benefits are available under the above-referenced benefit plans and you had such coverage immediately prior to termination of
employment, such continuation of benefits for you shall also cover your dependents for so long as you are receiving benefits under this Section 5. The COBRA Continuation Period for medical and dental insurance under this Section 5(i) shall be deemed
to run concurrent with the continuation period federally mandated by COBRA (generally 18 months), or any other legally mandated and applicable federal, state, or local coverage period for benefits provided to terminated employees under the health
care plan. For purposes of this Agreement, (1) “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and (2) “COBRA Continuation Period” shall mean the continuation period for medical and
dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of your termination falls and generally shall continue for an 18 month period. 

(ii) Following the conclusion of the 18-month COBRA Continuation Period, the Corporation will provide coverage as
follows: 
 (1) If the relevant plan is self-insured (within the meaning of Section 105(h) of the Code), and
such plan permits coverage for you, then the Corporation will continue to provide coverage under the plan for an additional eighteen (18) months and will annually impute income to you for the fair market value of the premium. 

(2) If, however, any such plan does not permit the continued participation following the end of the COBRA Continuation Period
as contemplated above, then the Corporation shall take all commercially reasonable efforts to provide you with, or assist you in obtaining, continued medical and dental coverage comparable to the coverage you had during the COBRA Continuation
Period. It is specifically acknowledged by you that if such coverage is provided under a Corporation sponsored self-insured plan, it will be 

			
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provided on an after- tax basis and you will have income imputed to you annually equal to the fair market value of the premium. If this coverage cannot be provided by the Corporation, (or
where such continuation would adversely affect the tax status of the plan pursuant to which the coverage is provided), then as an alternative, the Corporation will reimburse you in lieu of such coverage an amount equal to your actual and reasonable
cost of continuing comparable coverage. 
 (B) With respect to the continuation of disability, life insurance, and other
similar employee benefit insurance plans applicable to salaried employees for twenty-four (24) months pursuant to Section 5(d)(D), the following shall apply: 

(i) To the extent your coverage for disability, life insurance, and other similar employee benefit insurance plans applicable
to salaried employees, cannot be provided under the Corporation’s insurance plans, the Corporation will reimburse you for your premium cost to obtain comparable insurances coverages. 

(C) Reimbursement to you pursuant to Section 5(i)(A) or (B) above will be available only to the extent that (1) such expense is
actually incurred for any particular calendar year and reasonably substantiated; (2) reimbursement shall be made no later than the end of the calendar year following the year in which such expense is incurred by you; (3) no reimbursement provided
for any expense incurred in one taxable year will affect the amount available in another taxable year; and (4) the right to this reimbursement is not subject to liquidation or exchange for another benefit. Notwithstanding the foregoing, no
reimbursement will be provided for any expense incurred following the thirty-six month period of benefit continuation or for any expense which relates to coverage after such date. 

(j) Notwithstanding any provision of this Agreement to the contrary, to the extent that a payment hereunder is subject to Section 409A of the
Code (and not excepted therefrom) and payable on account of your separation from service, such payment shall be delayed for a period of six months after your termination date (or, if earlier, your death) if you are a Specified Employee (namely, a
“key employee”, as defined in Section 416(i) of the Code without regard to paragraph (5) thereof, of the Corporation, as determined in accordance with the regulations issued under Code Section 409A and the procedures established by the
Corporation). Any such payment that would otherwise have been due or owing during such six-month period will be paid immediately following the end of the six-month period in the month following the month containing the 6-month anniversary of
your date of termination, together with interest at the rate provided in Section 1274(b)(2)(B) of the Code. 

			
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 6. Notice of Termination Before a Change in Control. Notwithstanding any other
provisions of this Agreement, if prior to a Change in Control there has been any statement made by the person (or an affiliate of such person) involved in such Change in Control to the effect that following such Change in Control any action or
actions will be taken that would have the effect of creating a condition described in Section 4(d) that would permit you following a Change in Control to terminate your employment for Good Reason, and such statements have appeared in any proxy
statement or other proxy soliciting materials, any tender offer, exchange offer, or prospectus or any other document or press release publicly issued or filed with the Securities and Exchange Commission or other governmental agency in connection
with the contemplated Change in Control (including any such documents issued by the Corporation in which such statement is reported), then you shall have the right to notify the Corporation that, unless the condition that would constitute Good
Reason is completely remedied prior to the effective date of the Change of Control, you intend to terminate your employment for Good Reason as of the effective date of the Change in Control, in which case your employment shall terminate on the
effective date of the Change in Control and you shall be entitled to receive the payments due under Section 5(d) and (e) pursuant to the payment provisions described in Section 5(f). 

7. Successors; Binding Agreement. 

(a) The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Corporation or of any division or subsidiary thereof employing you to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be
required to perform if no such succession had taken place. Failure of the Corporation to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle you to
compensation from the Corporation in the same amount and on the same terms as you would be entitled hereunder if you terminated your employment for Good Reason, except that for purposes of implementing the foregoing, the date on which any such
succession becomes effective shall be deemed to be the date of termination of your employment. 
 (b) This Agreement shall inure to the
benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement constitutes the entire agreement of the parties with respect to the
subject matter hereof and supersedes any other agreements and understandings, including the Original Agreement. 
 8.
Notice. For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail,
return receipt requested, postage prepaid, addressed to the respective addresses set forth on the first page of this Agreement, or to any changed address notice of which either of us shall have given to the other. 

9. Miscellaneous. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or
discharge is agreed to in writing and signed by 

			
	Mr. Rodney L. Scagline	  	11

  

 
you and such officer as may be specifically designated by the Board. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the
Commonwealth of Pennsylvania. 
 10. Validity. The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 * * * 

 If this letter sets forth our agreement on the subject matter hereof, kindly sign and return to
the Corporation the enclosed copy of this letter, which will then constitute our agreement on this subject. 
  

			
	 Sincerely,

	
	 AMPCO-PITTSBURGH CORPORATION

		
	 By:
	 	 /s/ John S. Stanik

	 Name: John S. Stanik

	 Title: Chief Executive Officer

  

			
	 UNION ELECTRIC STEEL CORPORATION

		
	 By:
	 	 /s/ Rose Hoover

	 Name: Rose Hoover

	 Title: Vice President

 Accepted and Agreed to 

this 5th day of May, 2016. 
  

	
	 /s/ Rodney L. Scagline

	
	 Rodney L. Scagline

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