Document:

Exhibit 10.29

EMPLOYMENT
AGREEMENT

THIS EMPLOYMENT AGREEMENT
(the “Agreement”), made this 1st day
of December 2005
(the “Effective Date”) is entered into by Accellent Corp. (d/b/a Accellent,
Inc.), a Colorado corporation with its principle place of business at 100
Fordham Road, Wilmington, MA 01887 (the “Company”), and Jeffrey M.
Farina (the “Employee”).

WHEREAS, the Company desires to continue to employ the Employee on the
terms and conditions contained herein; and

WHEREAS, the Employee desires to continue employment with the Company
on the terms and conditions contained herein.

NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
the parties hereto, the parties agree as follows: 

1.            Term of Employment. The Company hereby
agrees to employ the Employee, and the
Employee hereby accepts employment with the Company, upon the terms set forth
in this Agreement, for the period commencing on the Effective Date and ending
on the third anniversary of the Effective Date (such period, as it may be
extended in a writing signed by the parties hereto, the “Employment Period”),
unless sooner terminated in accordance with the provisions of Section 4.

2.            Title, Capacity. The Employee
shall serve as the Executive Vice President of Technology & CTO (Chief Technology Officer) and in such other
position(s) as the President and Chief Executive Officer (“CEO”) may determine
from time to time. The Employee shall have such authority as is delegated to him by the Company’s President and
CEO. The Employee hereby accepts such employment and agrees to undertake the duties and
responsibilities inherent in such position and

 

such other duties and
responsibilities as the Company’s President and CEO or his designee shall from
time to time reasonably assign to him. The Employee agrees to devote his entire
business time, attention and energies to the business and interests of the
Company during the Employment Period. The Employee agrees to abide by the
rules, regulations, instructions, personnel practices and policies of the
Company and any changes therein that may be adopted from time to time by the
Company.

3.            Compensation and Benefits.

3.1.         Base Salary. The Company shall pay the Employee,
pursuant to the Company’s normal
payroll procedures for its employees, an annual base salary of Two hundred
fifteen thousand dollars ($215,000.00). Such salary shall be subject to
adjustment as determined by Company.

3.2.       Annual
Incentive Bonus. The Employee will be eligible for an annual target bonus
of fifty percent (50%) of his base salary (the “Annual Target Bonus”), based
upon the Employee’s reaching individual and Company-related performance
milestones to be set forth by the Company in a separate document. In addition,
the Employee may be eligible for bonuses in excess of the Annual Target Bonus
for his substantially exceeding the milestones set forth, as well as for other
extraordinary performance. The setting of the performance milestones, as well
as the determination of the amount of these bonuses, if any are earned, shall
be determined by the President & CEO and approved by the Company’s Board of
Directors (the “Board”) and the compensation committee thereof in the exercise
of its discretion.

3.3.         Fringe Benefits. The Employee shall be eligible to participate
in all bonus and benefit programs that the Company establishes
and makes available to its employees,

 2
 

 

if any, to the extent that
the Employee’s position, tenure, salary, age, health and other qualifications
make him eligible to participate.

3.4.
        Automobile Allowance. After
the conclusion of the lease on your current vehicle (scheduled to expire on
August 9, 2006) you will be eligible for a monthly automobile allowance in the
aggregate amount of $850.00 per month, to be paid and governed by the Company’s policy related to automobile allowances,
as such policy may be amended from time to time.

3.5.         Vacation
Accrual. The Employee will be eligible to accrue and use paid time off,
pursuant to the Company’s standard policies and practices related to paid time
off, as such may be amended from time to time.

3.6.         Reimbursement
of Expenses. The Company shall reimburse the Employee for all reasonable
and necessary travel, entertainment and other expenses incurred or paid by the
Employee in connection with, or related to, the performance of his duties,
responsibilities or services under this Agreement. Upon presentation by the
Employee of documentation, expense statements, vouchers and/or such other
supporting information as the Company may request, the employee will be
reimbursed by the Company for all reasonable expense subject to approval by the
President and CEO.

3.7.         Stock
Options. The Employee may be eligible for grants of stock options or other
equity, as such may be granted and approved from time to time by the Board or
the compensation committee thereof.

4.            Employment
Termination. The employment of the Employee by the Company pursuant to this
Agreement shall terminate upon the occurrence of any of the following:

 3
 

 

4.1.         Expiration. Expiration of the
Employment Period in accordance with Section 1;

4.2.
        For Cause by the Company.
At the election of the Company, for Cause, immediately
upon written notice by the Company to the Employee. For the purposes of this
Section 4.2, “Cause” for termination shall be deemed to exist upon a good faith
finding by the Company of (a) an intentional act by the Employee which
materially injures the Company; (b) an intentional refusal or failure by the
Employee to follow lawful and reasonable directions of the President &
Chief Executive Officer; (c) a willful and habitual neglect of duties by the
Employee; (d) a breach by the Employee of the Company’s policies and procedures
or any breach of the Employee’s obligations hereunder; or (e) a conviction of
the Employee of a felony involving moral turpitude which is reasonably likely
to inflict or has inflicted material injury on the Company.

4.3.         Death or Disability. Upon the
death or disability of the Employee. As used in this Agreement, the term “disability” shall
mean the inability of the Employee with reasonable accommodation as may be
required by State or Federal law, due to a physical or mental disability, for a
period of ninety (90) days, whether or not consecutive, during any 360-day
period to perform the services contemplated under this Agreement. A
determination of disability shall be made by a physician satisfactory to both
the Employee and the Company, provided that if the Employee and the Company do
not agree on a physician, the Employee and the Company shall each select a
physician and these two together shall select a third physician, whose determination as to disability shall be
binding on all parties;

4.4.         Resignation by the Employee. At
the election of the Employee, upon not less than thirty (30) days prior written
notice of termination; and

 4
 

 

4.5.         Without
Cause by the Company. At the
election of the Company, without Cause, immediately upon written notice by the
Company to the Employee.

5.            Effect
of Termination.

5.1.         Termination for Cause or at Election
of the Employee. In the event the Employee’s
employment is terminated by Expiration pursuant to Section 4.1, for Cause
pursuant to Section 4.2, or at the election of the Employee pursuant to Section
4.4, the Company shall pay to the Employee the compensation and benefits
otherwise payable to him under Section 3 through the last day of his actual
employment by the Company.

5.2.         Termination
for Death or Disability. If the Employee’s employment is terminated by
death or because of disability pursuant to Section 4.3, the Company shall pay
to the estate of the Employee or to the Employee, as the case may be, the
compensation that would otherwise be payable to the Employee up to the end of
the month in which the termination of his employment because of death or
disability occurs.

5.3.         Termination
Without Cause. If the Employee’s employment is terminated without Cause
pursuant to Section 4.5, and as an exclusive remedy to the Employee, the Company
shall:

(a)            In accordance with the Company’s
regular payroll practices, pay the Employee his base salary as severance pay
for a period of twelve (12) months (the “Severance Period”); and

(b)           During the Severance Period,
reimburse the Employee (or pay directly to the insurer, at the Company’s option)
for the Company’s share of the costs associated with the Employee and his
dependents continuing group medical benefits pursuant to COBRA, as such law may
be amended, so long as the Employee remains eligible pursuant COBRA and he

 5
 

 

does not otherwise become
eligible for medical benefits from a new employer subsequent to his
termination. The Employee will be responsible for paying the Employee’s
contribution for such insurance, along with the applicable administrative fee,
during the Severance Period and he shall be responsible for all premiums and
administrative fees following the conclusion of the Severance Period.

All
payments and benefits provided pursuant to this Section 5.3 shall be
conditioned upon and subject to the Employee’s first executing a severance
agreement and general release of claims in favor of the Company, its officers,
directors, employees and affiliates,
drafted by and satisfactory to the Company.

5.4.         Survival. The provisions of Section
6 shall survive the termination of this

Agreement.

6.
           Proprietary Information;
Invention Assignment and Non-Competition. The Employee agrees to be bound
by all of the provisions of the Company’s standard Non-Disclosure, Non-Solicitation, Non Competition and Invention Assignment
Agreement, which is incorporated herein by reference and made a part hereof
(the “Non-Disclosure Agreement”). A copy of the Non-Disclosure Agreement is
attached hereto as Exhibit A.

7.            Other
Agreements. The Employee hereby represents that he is not bound by the
terms of any agreement with any previous employer or other party to refrain
from using or disclosing any trade secret or confidential or proprietary
information in the course of his employment with the Company or to refrain from
competing, directly or indirectly, with the business of such previous employer
or any other party. The Employee further represents that his performance of all
the terms of this Agreement and as an employee of the Company does not and

 6
 

 

will not
breach any agreement to keep in confidence proprietary information, knowledge
or data acquired by him in confidence or in trust prior to his employment with
the Company. 

8.            Notices. All notices required
or permitted under this Agreement shall be in writing and shall be deemed
effective upon personal delivery or upon deposit in the United States Post Office, by registered or certified
mail, postage prepaid, addressed to the other party at the address shown above,
or at such other address or addresses as either party shall designate to the
other in accordance with this Section 8.

9.            Pronouns.
Whenever the context may require, any pronouns used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular
forms of nouns and pronouns shall include the plural, and vice versa.

10.          Entire
Agreement. This Agreement constitutes the entire agreement between the
parties and supersedes all prior agreements and understandings, whether written
or oral, relating to the subject matter of this Agreement.

11.          Amendment. This Agreement may be amended or modified
only by a written instrument executed by both a properly authorized
Executive Officer of the Company and the Employee.

12.
         Governing Law and Jurisdiction.
This Agreement shall be construed, interpreted and enforced in accordance with the laws of the Commonwealth of
Massachusetts. The parties agree
that any disputes arising under this Agreement or otherwise related to the
Employee’s employment with the Company shall be brought exclusively in the
state and federal courts located in the Commonwealth of Massachusetts and the
parties hereby waive any defense of lack of personal jurisdiction in any such action.

 7
 

 

13.          Successors
and Assigns. This Agreement
shall be binding upon and inure to the benefit
of both parties and their respective successors and assigns, including any
corporation with which or into which the Company may be merged or which may
succeed to its assets or business, provided, however, that the obligations of
the Employee are personal and shall not be assigned by him.

14.          Acknowledgment.
The Employee states and represents that he has had an opportunity to fully
discuss and review the terms of this Agreement with an attorney. The Employee further states and represents that he has
carefully read this Agreement, understands the contents herein, freely and
voluntarily assents to all of the terms and conditions hereof, and signs his
name of his own free act.

15.
         No Waiver. No delay or omission by the Company
in exercising any right under this
Agreement shall operate as a waiver of that or any other right. A waiver or
consent given by the Company on any one occasion shall be effective only in
that instance and shall not be construed as a bar or waiver of any right on any
other occasion.

16.          Captions. The captions of the
sections of this Agreement are for convenience of reference only and in no way
define, limit or affect the scope or substance of any section of this Agreement.

17.          Severability. In case any
provision of this Agreement shall be invalid, illegal or otherwise
unenforceable, the validity, legality and enforceability of the remaining
provisions shall in no way be affected or impaired thereby.

18.          Counterparts. This Agreement
may be executed in one or more counterparts, each of which shall be deemed an
original and all of which shall constitute one and the same Agreement.

 8
 

 

[Signature
page follows]

 9
 

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day
and year set forth above.

	
  

  	
  ACCELLENT CORP.

  
	
   

  
	
   

  
	
   

  	
  By:

  	
   /s/ RON SPARKS

  	
   

  
	
   

  	
  Name:

  	
  Ron Sparks

  
	
   

  	
  Title:

  	
  President &
  CEO

  
	
   

  
	
   

  
	
   

  	
  EMPLOYEE

  
	
   

  
	
   

  
	
   

  	
  /s/ JEFFREY M.
  FARINA

  	
   

  
	
   

  	
  Jeffrey M.
  Farina

  
					

 

 10

 

NON-DISCLOSURE, NON-SOLICITATION,
NON-COMPETITION

AND INVENTION ASSIGNMENT
AGREEMENT

This
Non-Disclosure, Non-Solicitation, Non-Competition and Invention Assignment
Agreement is made by and between Accellent Corp. (d/b/a) Accellent, Inc., a
Colorado corporation (hereinafter referred to collectively with any of its
subsidiaries as the “Company”), and Jeffrey M. Farina (the “Employee”).

IN CONSIDERATION
of the employment and continued employment of the Employee by the Company, the
Employee and the Company agree as follows:

1.                                       Condition
of Employment.

The Employee
acknowledges that his employment with the Company is contingent upon his agreement to sign and adhere to the
provisions of this Non-Disclosure, Non-Solicitation, Non-Competition and
Invention Assignment Agreement (the “Agreement”).

2.                                       Proprietary
and Confidential Information.

(a)         The Employee agrees
that all information, whether or not in writing, of a private, secret or confidential nature concerning the
Company’s business, business relationships, financial affairs or technical
information (collectively, “Proprietary Information”) is and shall be the
exclusive property of the Company. By way of illustration, but not limitation,
Proprietary Information may include any confidential information provided by
third parties, including confidential customer information, discoveries,
inventions, products, product improvements, product enhancements, processes,
methods, manufacturing and engineering techniques, formulas, compositions,
compounds, negotiation strategies and positions, projects, developments, plans (including
business and marketing plans), research data, clinical data, financial data
(including sales costs, profits, pricing methods), personnel data, computer
programs (including software used pursuant to a license agreement), customer
and supplier lists, and contacts at or knowledge of customers or prospective
customers of the Company. The Employee will not disclose any Proprietary
Information to any person or entity other than employees of the Company or use
the same for any purposes (other than in the performance of his duties as an
employee of the Company) without written approval by an officer of the Company,
either during or after his employment with the Company, unless and until such
Proprietary Information has become public knowledge without fault by the
Employee.

(b)        The
Employee agrees that all files, documents, letters, memoranda, reports,
records, data, sketches, drawings, models, notebooks, program listings,
computer equipment or devices, computer programs or other written,
photographic, or other tangible material containing Proprietary Information,
whether created by the Employee or others, which shall come into his custody or
possession, shall be and are the exclusive property of the Company to be used
by the Employee only in the performance of his duties for the Company and shall
not be copied or removed from the Company premises except in the pursuit of the
business of the Company. All such materials or copies thereof and all tangible
property of the Company in the custody or possession of the Employee shall be
delivered to the Company, upon the earlier of (i) a request

 

by the
Company or (ii) termination of his employment. After such delivery, the
Employee shall not retain any such materials or copies thereof or any such
tangible property.

(c)          The Employee agrees that his obligation not to disclose
or to use information and 

materials of the types set forth in paragraphs (a) and (b) above, and
his obligation to return 

materials and tangible property set forth in paragraph (b) above also extends
to such types of 

information, materials and tangible property of customers of the Company or
suppliers to the 

Company or other third parties who may have disclosed or entrusted the same to
the Company or 

to the Employee.

3.                                       Invention Assignment.

(a)        The Employee agrees to fully and promptly disclose to the
Company any inventions, improvements,
processes, procedures, techniques, documentation, specifications, research,
designs, files, methods, ideas, whether patentable or not (collectively
referred to as “Inventions”), which are created, made, conceived or reduced to
practice by the Employee or under the Employee’s direction, whether or not
during normal working hours or on the premises of the Company. The Employee has
attached hereto as Schedule A, a list of Inventions as of the date of
this Agreement which belong to the Employee and which the Employee shall not
assign to the Company (the “Prior Inventions”), or, if no such list is attached,
the Employee represents that there are no such Prior Inventions.

(b)    Any and
all Inventions which the Employee may make, conceive, discover or develop
during the term of his employment with the Company shall be deemed works made
for hire under the applicable copyright laws, and it is intended that all such
Inventions shall be the sole and exclusive property of the Company. The
Employee agrees to assign and hereby does assign to the Company all his rights
and interests in all Inventions, patents, copyrights, trademarks, and rights to
royalties with respect to such Inventions, patents, copyrights, and trademarks,
including all proprietary rights, publication rights, display rights,
attribution rights, integrity rights, approval rights, publicity rights,
privacy rights, or moral rights associated therewith. The Employee understands
that this paragraph (b) shall not apply to Inventions which are made and
conceived by the Employee (i) not during normal working hours, (ii) not on the
Company’s premises, (iii) not using the Company’s tools, devices, equipment, or
Proprietary Information (as defined in Paragraph 1), and (iv) not otherwise
related to the business of the Company. The Employee further understands that
this paragraph (b) shall not apply to Prior Inventions listed on Schedule A.

(c)      The Employee agrees
to cooperate fully with the Company, both during and after his
employment, to write and prepare all specifications and procedures regarding
such Inventions and otherwise aid and assist the Company to procure, maintain,
or enforce copyrights, patents or other intellectual property rights relating
to Inventions. The Employee agrees to sign all papers, including without
limitation, copyright applications, patent applications, declarations, oaths, formal
assignments, assignment of priority rights, and powers of attorney, which the
Company deems necessary or desirable
in order to protect its rights and interests in Inventions. The Employee understands that
he shall not receive any special or additional compensation for performing his
obligations under this paragraph (c). If the Employee is called upon to render

 2
 

 

such
assistance after he leaves the Company, however, the Employee will be entitled
to reimbursement of any reasonable expenses incurred at the request of the
Company.

4.                                       Other Agreements.

The Employee
hereby represents that, except as the Employee has disclosed in writing to the
Company, the Employee is not bound by the terms of any agreement with any
previous employer or other party to refrain from using or disclosing any trade
secret or confidential or proprietary information in the course of his
employment with the Company, to refrain from competing, directly or indirectly,
with the business of such previous employer or any other party, or to refrain
from soliciting employees, customers or suppliers of such previous employer or
other party. The Employee further represents that his performance of all the
terms of this Agreement and the performance of his duties as an employee of the
Company do not and will not breach any agreement with any prior employer or
other party to which the Employee is a party (including without limitation any
non-disclosure or non-competition agreement), and that the Employee will not
disclose to the Company or induce the Company to use any confidential or
proprietary information or material belonging to any previous employer or
others.

5.                                       Non-Competition and Non-Solicitation.

While employed by
the Company, the Employee shall devote all of his business time, attention, skill
and effort to the faithful performance of his duties for the Company. For a
period of one (1) year after the termination or cessation of Employee’s
employment for any reason, the Employee will not, in the geographical areas
that the Company or any of its subsidiaries does business or has done business
at the time of Employee’s departure, directly or indirectly:

(a)        Engage or assist others in engaging in any
business or enterprise (whether as owner, partner, officer, director, employee,
consultant, investor, lender or otherwise, except as the holder of not more
than 1% of the outstanding stock of a publicly-held company) that is
competitive with the Company’s business, including but not limited to any
business or enterprise that develops, manufactures, markets, or sells any
product or service that competes with any product or service developed,
manufactured, marketed or sold, or planned to be developed, manufactured,
marketed or sold, by the Company or any of its subsidiaries while the Employee
was employed by the Company; or

(b)      Either
alone or in association with others (i) induce or attempt to induce, any
employee or independent contractor of the Company to leave employment or other
engagement with the Company, or (ii) hire, solicit or recruit or attempt to
hire, solicit or recruit for employment engagement as an independent
contractor, or any person who was employed by the Company at any time during
the term of the Employee’s employment with the Company. This restriction shall
not apply to hire of any individual who has not been employed by the Company for a period of six (6) months or more; or

(c)      Either
alone or in association with others, solicit, divert or take away, or attempt
to solicit, divert or take away, the business or patronage of any of the
clients, customers, business partners, investors or accounts of the Company
which were contacted, solicited or served by the

 3
 

 

Company at any time during the term of the Employee’s
employment with the Company and regarding which the Employee had either: (i) substantive
contact; or (ii) access to confidential information.

6.      Ownership
by Farina. Ownership by Farina, solely as a passive investment, of any
equity interest in Medical Device Investment Holding Corporation (“MDIH”) shall
not constitute a breach of this Agreement. Notwithstanding the foregoing,
nothing in this Agreement shall be deemed to prohibit Farina from providing:
(x) any reasonable assistance required by MDIH to defend that certain case
captioned Donald Ricci, George Shukov, evYsio Medical Devices
ULC and Nexsten Holdings Ltd. v Medical Device Investment Holding Corp., Drew
Freed and Bruce Mainwaring, pending in the Supreme Court of British
Columbia (Case No 5034147); or (y) identifying, soliciting or negotiating with
third parties for the acquisition by such third parties of the rights under
that certain License and Technical Assistance Agreement dated June 1, 2000
between the UTI Corporation and MDIH, whether by sublicense, assignment or
otherwise.

7.                                       Not An Employment Contract.

The Employee acknowledges that this Agreement does not
constitute a contract of employment, either express or implied, and does not
imply that the Company will continue the Employee’s employment for any period
of time. This Agreement shall in no way alter the Company’s policy of
employment at will, under which both the Employee and the Company remain free
to terminate the employment relationship, with or without cause, at any time,
with or without notice. This at-will employment relationship may only be altered
in a writing signed by the President of the Company.

8.                                       Return of Company Property.

The Employee agrees to return immediately upon the
cessation of his employment with the Company or earlier if requested by the
Company, all Company property including, but not limited to, keys, files,
records (and copies thereof), computer hardware and software, cellular phones,
pagers, and Company vehicle, which is in his possession or control. The
Employee acknowledges he has no ownership rights over such property. The
Employee further agrees to leave intact all electronic Company documents,
including those, which he developed or help develop during his employment.

9.                                       General Provisions.

(a)      Entire Agreement. This Agreement supersedes all prior
agreements, written or oral, between the
Employee and the Company relating to the subject matter of this Agreement. This
Agreement may not be modified, changed or discharged in whole or in part,
except by an agreement in writing signed by the Employee and the Company. The
Employee agrees that any change or changes in his duties, salary or
compensation after the signing of this Agreement shall not affect the validity
or scope of this Agreement.

(b)      Interpretation. If the Employee violates the provisions
of Section  5 of this
Agreement, the Employee shall continue to be bound by the restrictions
set forth in Section 5

 4
 

 

until a period of one (1) year has expired without any
violation of such provisions. If any restriction set forth in Section 5 is found by any
court of competent jurisdiction to be unenforceable because it extends
for too long a period of time or over too great a range of activities or in too
broad a geographic area, it shall be interpreted to extend only over the
maximum period of time, range of activities or geographic area as to which it
may be enforceable.

(c)      Severability. The
invalidity or unenforceability of any provision of this Agreement shall not affect or impair the validity or enforceability of
any other provision of this Agreement.

(d)    Waiver.
No delay or omission by the Company in exercising any right under this
Agreement will operate as a waiver of that or any other right. A waiver or
consent given by the Company on any one occasion is effective only in that
instance and will not be construed as a bar to or waiver of any right on any
other occasion.

(e)      Employee Acknowledgment and Equitable
Remedies. The Employee acknowledges that the restrictions contained in
this Agreement are necessary for the protection of the business and goodwill of
the Company and considers the restrictions to be reasonable for such purpose.
The Employee agrees that any breach of this Agreement is likely to cause the
Company substantial and irrevocable damage and that therefore, in the event of
any breach of this Agreement, the Employee agrees that the Company, in addition
to any and all such other remedies that may be available, shall be entitled to specific
performance and other injunctive relief without posting a bond.

(f)       Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of both parties and their
respective successors and assigns, including any corporation or entity with
which or into which the Company may be merged or which may succeed to its
assets or business, provided however that the obligations of the Employee are
personal and shall not be assigned by the Employee.

(g)    Subsidiaries and Affiliates. The
Employee expressly consents to be bound by the provisions of this Agreement for
the benefit of the Company or any subsidiary or affiliate thereof to whose
employ the Employee may be transferred without the necessity that this
Agreement be re-signed at the time of such transfer.

(h)    Governing Law, Forum and Jurisdiction.
This Agreement shall be governed by and construed as a sealed instrument under
and in accordance with the laws of the Commonwealth of Massachusetts (without
reference to the conflicts of law provisions thereof). Any action, suit, or
other legal proceeding that is commenced to resolve any matter arising under or
relating to any provision of this Agreement shall be commenced only in a court
of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within Massachusetts),
and the Company and the Employee each consents to the jurisdiction of such a court.

 5
 

 

(i)     Captions. The
captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or
affect the scope or substance of any section of this Agreement.

THE EMPLOYEE ACKNOWLEDGES THAT HE HAS CAREFULLY
READ THIS AGREEMENT AND FULLY UNDERSTANDS AND AGREES TO ALL OF THE PROVISIONS
IN THIS AGREEMENT.

	
  

  	
   

  	
  ACCELLENT CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ RON SPARKS

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  President and CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JEFFREY M. FARINA

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ JEFFREY M. FARINA

  
	
   

  	
   

  	
  (Signature)

  	
   

  
					

 

 

 6EXHIBIT 10(c)

SUMMARY
OF EMPLOYMENT INDUCEMENT AWARD

TO TIMOTHY P. DORDELL

As of November 7,
2006, the Compensation and Human Resources Committee of The Toro Company
awarded 2,620 restricted shares of common stock to Timothy P. Dordell, Toro’s
Vice President and Deputy General Counsel. 
The award terms were approved by committee resolutions, and were not set
forth in a written agreement.

The award shares
will be fully vested on the second anniversary of Dordell’s first day of
employment with Toro.  In the event
Dordell voluntarily terminates his employment with Toro prior to his second
anniversary with Toro for any reason, the entire stock grant will be forfeited
and the shares will be returned to Toro’s treasury account.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}]]