Document:

Exhibit 10.13

March 31, 2000

Mr. Wade H. Roberts, Jr.
1385 Eaves Spring Road
Malvern, Pennsylvania 19355

Dear Mr. Roberts:

         You are  presently  employed  by C&D  Technologies,  Inc.,  a  Delaware
corporation (the "Company"), in an executive capacity and the Company desires to
encourage such continued  employment by providing certain protections for you by
entering into this Agreement with you, in return for which you agree to continue
to be  employed by the Company on the terms set forth  herein,  to refrain  from
certain competitive  activity and to provide the Company with certain assurances
upon your departure. In consideration of same, the Company agrees to employ you,
and you  agree  to  accept  such  employment,  under  the  following  terms  and
conditions:

         1. TERM OF  EMPLOYMENT.  Except for earlier  termination as provided in
Section 9 below,  your  employment  under this  Agreement,  and the term of this
Agreement,  shall be for an initial  period  commencing  on the date hereof (the
"Effective  Date") and  terminating  on October 21, 2000 (the  "Initial  Term").
After the Initial Term,  this Agreement and your  employment  hereunder shall be
renewed  automatically  for successive  terms of one year each (each, a "Renewal
Term"),  unless  prior to the end of the Initial Term or any Renewal Term either
party shall have given to the other party at least 90 days' prior written notice
(a "Termination  Notice"),  of termination of this  Agreement.  If a Termination
Notice is given by either party, (a) the Company shall, without any liability to
you, have the right,  exercisable  at any time after the  Termination  Notice is
given,  to elect any other person to the office or offices in which you are then
serving and to remove you from such  office or  offices,  but (b) except for the
obligations set forth in Section 3 and 4, all other  obligations each of you and
the Company have to the other,  including the  Company's  obligation to pay your
compensation  and  make  available  the  benefits  to  which  you  are  entitled
hereunder, shall continue until the end of the Initial Term or any Renewal Term,
as the case may be,  or  thereafter,  to the  extent  such  obligations  survive
pursuant to the terms of this Agreement.

         2.  COMPENSATION AND BENEFITS.

         (a) From and after the Effective  Date,  you shall be  compensated  for
performance of your obligations  under this Agreement at a rate of not less than
$350,000 per annum (such salary,  as adjusted from time to time, is  hereinafter
referred to as the "Base Salary"),  payable in such manner as is consistent with
the Company's payroll practices for executive employees. The Board of

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Directors may from time to time  thereafter  consider  future  increases in Base
Salary in its sole discretion.

         (b) You shall have the  benefit of and be entitled  to  participate  in
such employee benefit plans and programs, including life, disability and medical
insurance,  pension, savings, retirement and other similar plans, as the Company
now has or hereafter may establish  from time to time, and in which you would be
entitled  to  participate  pursuant  to the  terms  thereof,  including  without
limitation  the  Company's  existing  Supplemental   Executive  Retirement  Plan
("SERP"). The foregoing,  however, shall not be construed to require the Company
to  establish  any such  plans or to  prevent  the  Company  from  modifying  or
terminating  any such plans,  and no such action or failure thereof shall affect
this Agreement.

         (c) You shall be entitled (i) to participate in the Company's Incentive
Compensation Plan each year in accordance with criteria and for amounts approved
by the Compensation Committee, and (ii) to be granted options, to the extent (if
any) approved by the  Compensation  Committee or the relevant Option  Committee,
under the Company's  stock option plans in effect from time to time, in addition
to those  granted  to you  prior to the date of this  Agreement  (the  "Original
Grant"). Without limiting the foregoing, you shall have a targeted bonus for the
fiscal year ending January 31, 2000 of 40% of the Base Salary paid to you during
the  portion of the fiscal  year  prior to the time you became  Chief  Executive
Officer and  increasing  to 50% of your Base Salary for the portion of such year
following your promotion to Chief Executive  Officer (with the actual payment of
any bonus  described  herein  being  dependent on your  achievement  of targeted
objectives).

         (d) In the event of a Change of  Control  Termination  (as  defined  in
Exhibit A hereto),  you shall be entitled to certain  payments  and  benefits as
provided  in  Exhibit  A  hereto,  which  payments  and  benefits  shall  be  in
substitution  for,  not in addition  to, the  payments  and  benefits  otherwise
payable under this Agreement in the event of termination.

         (e) You shall be entitled to four weeks of vacation each year.

         (f) The Company  shall  reimburse you annually for up to $5,000 of fees
and expenses  incurred by you for personal tax and  financial  planning  advice,
upon  presentation  by  you of  appropriate  substantiation  of  such  fees  and
expenses.

         (g)  The  Company  shall  provide  you  with  a  leased  automobile  of
reasonable size and quality suitable to your position and shall pay or reimburse
you for insurance,  repairs,  maintenance  and fuel expenses with regard to such
automobile. You acknowledge that some or all of the benefits provided under this
Section 2(g) may  constitute  taxable income for which you are  responsible  for
payment of income taxes.

         3. DUTIES. (a) During the term of your employment hereunder,  including
any Renewal Term hereof, you shall serve and the Company shall employ you as the
President and Chief Executive Officer of the Company, with such executive duties
and responsibilities  consistent with such positions and stature as the Board of
Directors  from time to time may  determine.  You shall

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report to, and act under the general  direction of, the Board of Directors.  You
shall  use your  best  efforts  to carry  out the  instructions  of the Board of
Directors. You shall be nominated, on an annual basis as long as you continue to
be employed under this Agreement, for election by the stockholders as a director
of the  Company  and,  if  elected,  you  shall  serve  as a  director,  without
additional compensation.  In addition, at the request of the Board of Directors,
you  shall  serve  as an  officer  and/or  director  of  any  of  the  Company's
subsidiaries,  in all cases in conformity with the organizational  documents and
the  policies  of the  Board  of  Directors  of each  such  subsidiary,  without
additional compensation.

         (b) You shall  devote your entire  business  time and  energies  during
normal  business  hours to the  business  and  affairs  of the  Company  and its
subsidiaries.  Nothing in this Section 3 shall be construed as  prohibiting  you
from investing your personal assets in businesses in which your participation is
solely  that of a passive  investor  in such form or manner as will not  violate
Section 5 hereof or  require  any  services  on your  part in the  operation  or
affairs of those businesses.  You may also participate in philanthropic or civic
activities as long as they do not materially  interfere with your performance of
your duties hereunder.

         (c) You shall be subject to the Company's rules, practices and policies
applicable to the Company's senior executive employees.

         4.  EXPENSES.  The  Company  shall  reimburse  you for  all  reasonable
expenses incurred by you in connection with your employment upon presentation of
appropriate  documentation  therefor in accordance  with the  Company's  expense
reimbursement  practices. In the event the Company's principal executive offices
are located to a location  more than 50 miles from their current  location,  the
Company  shall  reimburse  your  moving  expenses  (including  reasonable  costs
relating to interim living accommodations).

         5.  RESTRICTIVE COVENANTS.

         (a) During such time as you shall be employed by the  Company,  and for
the applicable  Restricted Period (as defined below) thereafter,  you shall not,
without the written  consent of the Board of Directors,  directly or indirectly,
become  associated  with,  render services to, invest in,  represent,  advise or
otherwise participate as an officer, employee, director, stockholder, partner or
agent of, or as a consultant  for, any business  anywhere in the world that,  at
the time your  employment  with the  Company  ceases,  is  competitive  with the
business  in which the  Company  is engaged  or in which the  Company  has taken
affirmative steps to engage (a "Competitive Business");  provided, however, that
(i)  nothing  herein  shall  prevent  you  from  investing  in up  to 5% of  the
securities of any company listed on a national  securities exchange or quoted on
the Nasdaq quotation  system,  as long as your involvement with any such company
is solely that of a stockholder,  and (ii) nothing herein is intended to prevent
you from being employed  following the  termination of your  employment with the
Company by any business other than a Competitive  Business.  With respect to any
termination of your employment  other than upon a Change of Control  pursuant to
Exhibit  A,  the  applicable  Restricted  Period  shall be the  one-year  period
following the date your employment terminates, and with respect to a termination
of your  employment  upon a  Change  of  Control  pursuant

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to Exhibit A, the  applicable  Restricted  Period shall be the  two-year  period
following  the  date  your  employment  terminates.  You  acknowledge  that  the
provisions of this Section 5 are reasonable in light of the Company's  worldwide
business  operations and the position in which you will serve at the Company and
that they will not prevent you from obtaining  employment  after the termination
of this Agreement.

         (b) The parties  hereto  intend  that the  covenant  contained  in this
Section 5 shall be deemed a series of separate  covenants  for each  appropriate
jurisdiction.  If, in any judicial  proceeding,  a court shall refuse to enforce
all of the separate covenants deemed included in this Section 5 on grounds that,
taken together,  they cover too extensive a geographic  area, the parties intend
that those covenants (taken in order of the least populous jurisdictions) which,
if eliminated,  would permit the remaining  separate covenants to be enforced in
that proceeding, shall, for the purpose of such proceeding, be deemed eliminated
from the provisions of this Section 5.

         6.  CONFIDENTIALITY, NONINTERFERENCE AND PROPRIETARY INFORMATION.

         (a) In the course of (i) your employment by the Company hereunder,  and
(ii) any prior employment with the Company, you will have access to Confidential
or Proprietary  Data or  Information  of the Company.  You shall not at any time
divulge or communicate to any person,  nor shall you direct any Company employee
to  divulge  or  communicate  to any  person  (other  than to a person  bound by
confidentiality  obligations similar to those contained herein and other than as
necessary in  performing  your duties  hereunder) or use to the detriment of the
Company or for the  benefit of any other  person,  any of such  Confidential  or
Proprietary  Data or  Information,  except to the  extent  the same (i)  becomes
publicly  known other than through a breach of this  Agreement by you,  (ii) was
known to you prior to the disclosure thereof by the Company to you from a source
that was entitled to disclose it or (iii) is subsequently  disclosed to you by a
third  party  who  shall  not  have   received  it  under  any   obligation   of
confidentiality  to the  Company.  For  purposes  of this  Agreement,  the  term
"Confidential or Proprietary Data or Information" shall mean data or information
not  generally  available  to  the  public,   including  personnel  information,
financial  information,  customer  lists,  supplier  lists,  product and tooling
specifications,  trade secrets,  information  concerning product composition and
formulas,  tools and dies,  drawings and  schematics,  manufacturing  processes,
information regarding operations,  systems and services,  knowhow,  computer and
any other  electronic,  processed  or  collated  data,  computer  programs,  and
pricing, marketing, sales and advertising data.

         (b) You  shall  not,  during  the  term of this  Agreement  and for the
applicable  Restricted  Period after the  termination of your  employment by the
Company,  for your own  account  or for the  account  of any other  person,  (i)
solicit or divert to any Competitive  Business any individual or entity who is a
customer of the Company or any subsidiary or affiliate of the Company or who was
a customer of the Company or any  subsidiary  or affiliate  during the preceding
twelve-month period, (ii) employ,  retain as a consultant,  attempt to employ or
retain as a consultant,  solicit or assist any Competitive Business in employing
or  retaining  as a  consultant  any  current  employee  of the  Company  or any
subsidiary  or  affiliate  or any person who was  employed by the Company or any
subsidiary  or  affiliate  during  the  preceding  twelve-month  period or (iii)
otherwise interfere in any

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material  respect with the  Company's  relationship  with any of its  suppliers,
customers,  employees or consultants;  provided,  however, that you shall not be
prohibited  from  contacting  suppliers or customers  after  termination of your
employment  with regard to matters  that do not violate your  noncompetition  or
confidentiality  obligations contained in Sections 5(a) and 6(a) or interfere in
any material respect with the Company's relationship with such parties.

         (c) You shall at all times  promptly  disclose to the Company,  in such
form  and  manner  as  the  Company  reasonably  may  require,  any  inventions,
improvements or procedural or  methodological  innovations,  programs,  methods,
forms,  systems,  services,  designs,  marketing  ideas,  products or  processes
(whether or not capable of being trademarked, copyrighted or patented) conceived
or developed  or created by you during and in  connection  with your  employment
hereunder  and  which  relate  to the  business  of the  Company  ("Intellectual
Property").  All such  Intellectual  Property  shall be the sole property of the
Company.  You shall execute such instruments and perform such acts as reasonably
may be  requested  by the  Company to transfer to and perfect in the Company all
legally  protectable  rights in such  Intellectual  Property.  If the Company is
unable for any reason to secure your signature on such  instruments,  you hereby
irrevocably  appoint the Company and its  officers and agents as your agents and
attorneys-in-fact  to execute  such  instruments  and to do such things with the
same legal force and effect as if executed or done by you.

         (d) All written,  electronic and other tangible materials,  records and
documents  made by you or coming into your  possession  during  your  employment
concerning any products, processes or equipment,  manufactured, used, developed,
investigated  or considered by the Company or otherwise  concerning the business
or affairs of the Company,  shall be the sole property of the Company,  and upon
termination of your  employment,  or upon the request of the Company during your
employment,  you  shall  deliver  the same to the  Company.  In  addition,  upon
termination  of your  employment,  or upon  request of the  Company  during your
employment,  you shall deliver to the Company all other Company property in your
possession or under your control,  including confidential or proprietary data or
information and all Company credit cards and computer and telephone equipment.

         7.  EQUITABLE  RELIEF.  With  respect  to the  covenants  contained  in
Sections 5 and 6 of this Agreement,  you acknowledge  that any remedy at law for
any breach of said covenants may be inadequate and that the Company, in addition
to its rights at law,  shall be entitled to  specific  performance  or any other
mode of injunctive or other equitable relief to enforce its rights hereunder.

         8.  TERMINATION;  ADDITIONAL  COMPENSATION.  This  Agreement,  and your
employment  hereunder,  shall  terminate prior to the end of the Initial Term or
any Renewal Term, upon the following terms and conditions:

         (a) This Agreement  shall terminate  automatically  on the date of your
death.  Notwithstanding  the  foregoing,  if you  die  during  the  term of this
Agreement,  the Company  shall (i)  continue to make  payments to your estate of
your Base Salary as then in effect pursuant to this Agreement for 180 days after
the date of your death, and (ii) pay your estate any reimbursable expenses which
otherwise would have been paid to you to the date of your death.

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         (b) This Agreement  shall be terminated,  at the option of the Company,
if you are unable to perform a substantial  portion of your duties hereunder for
any 180 days (whether or not  consecutive)  during any period of 365 consecutive
days by reason of physical or mental disability.  Notwithstanding the foregoing,
the Company shall  continue to pay to you,  until 180 days after  termination of
your employment due to such  disability,  your Base Salary at the rate in effect
on the date of termination.  After such six-month period,  you shall be entitled
to receive any amounts due and owing pursuant to any disability policy sponsored
by or made  available  through the  Company to the extent you  qualify  therefor
under the terms of such  disability  policy.  For  purposes  of this  Agreement,
"physical  or  mental  disability"  shall  mean  your  inability,  due to health
reasons,  to  discharge  properly  your duties of  employment,  supported by the
opinion of a physician  reasonably  satisfactory to both you and the Company. If
the parties do not agree on a mutually  satisfactory  physician  within ten days
after written demand by one or the other,  a physician  shall be selected by the
president of the  Pennsylvania  Medical  Association,  and the physician  shall,
within 30 days thereafter,  make a determination as to whether disability exists
and certify the same in writing. The services of the physician shall be paid for
by the  Company.  You  shall  fully  cooperate  with  the  examining  physician,
including  submitting  yourself to such  examinations as may be requested by the
physician for the purpose of determining whether you are disabled.

         (c) This Agreement  shall  terminate  immediately if your employment is
terminated  hereunder for Cause.  For purposes of this Agreement,  "Cause" shall
exist upon a finding by the Board of Directors of any of the  following:  (i) an
act or acts of willful  material  misrepresentation,  fraud or dishonesty by you
that results in the personal  enrichment  of you or another  person or entity at
the expense of the Company; (ii) your admission, confession or conviction of any
felony or any other crime or offense  involving  misuse or  misappropriation  of
money or other  property;  (iii) any act involving  gross moral turpitude by you
that adversely affects the Company;  (iv) your continued  material breach of any
obligations  under this Agreement 30 days after the Company has given you notice
thereof in  reasonable  detail,  if such breach has not been cured by you during
such period; or (v) your gross negligence or willful  misconduct with respect to
your duties or gross  misfeasance of office.  Notwithstanding  the foregoing and
Section  1(d)(ii) of the SERP,  the definition of "Cause" solely for purposes of
the SERP shall be the definition of "Cause"  contained in Section l(d)(i) of the
SERP.

         (d) Upon  termination  of this  Agreement  for any  reason  other  than
pursuant to a Change of Control,  in addition to any other rights or benefits to
which you may be entitled  under this  Agreement,  you shall be paid all Accrued
Obligations  through the date of  termination.  The term  "Accrued  Obligations"
shall mean (i) your Base Salary through the date of termination;  (ii) any bonus
earned pursuant to the terms of any applicable  incentive  compensation or bonus
plan of the Company but not yet paid with  respect to any fiscal year  completed
prior to  termination;  (iii) a  prorated  bonus  for the  fiscal  year in which
termination  occurs  equal to the  product  of (x) any bonus paid to you for the
prior fiscal year of the Company multiplied by (y) a fraction,  the numerator of
which is the number of days in the current  fiscal  year  during  which you were
employed  by the  Company,  and the  denominator  of which is 365;  and (iv) any
accrued vacation pay not yet paid by the Company;  provided, that if termination
is by the Company for Cause or by you  voluntarily,  the

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"Accrued  Obligations"  will not include the amounts referred to in clause (iii)
above.  Upon  termination of this Agreement (other than by the Company for Cause
or pursuant to a Change of Control or by you in  violation  of this  Agreement),
(A) you shall also be  entitled  to all rights and  benefits  under  benefit and
incentive  plans  (other than those  relating to  bonuses)  in  accordance  with
respective  terms of those  plans;  (B) you  shall  be  reimbursed  for all your
business  expenses  incurred prior to  termination in accordance  with Section 4
above;  (C) the Company shall, at your request within 15 days after  termination
and at your expense, assign to you the lease and any related purchase option for
the automobile provided to you pursuant to Section 2(g), provided such lease and
purchase  option  is  assignable;  and  (D) to the  extent  the  Company's  life
insurance plan has a conversion option available upon termination of employment,
the Company  shall make such option  available to you. Upon  termination  by the
Company  for  Cause,  you shall be  reimbursed  for all your  business  expenses
incurred  prior to  termination  in  accordance  with Section 4. For purposes of
clause (ii) above,  a bonus shall be deemed to be earned upon  completion of the
fiscal year to which it relates  regardless of whether the Board of Directors or
its Compensation  Committee has approved bonuses for such year as of the date of
termination.

         (e) Except upon the occurrence of a Change of Control  Termination  (as
defined in Exhibit A), if your  employment  hereunder shall be terminated by the
Company (i) without  Cause,  other than pursuant to Section 8(a) or (b), or (ii)
as a result of nonrenewal  pursuant to a Termination Notice given by the Company
under  Section l, then in addition to any other  rights or benefits to which you
may be entitled,  the Company shall, for a period of one year after termination,
(x)  continue  to pay you your Base  Salary at the rate in effect on the date of
termination;  (y) continue to provide you with a leased  automobile  pursuant to
Section  2(g);  and (z)  continue  all other  benefits  provided to you prior to
termination  (except not  including  any bonus with  respect to the period after
termination);  provided, however, that to the extent the Company's benefit plans
do not permit such continued  participation or such participation  would have an
adverse tax impact on such plans or on the other  participants  in such plans or
is otherwise  prohibited  by  applicable  law,  the Company may instead  provide
materially  equivalent benefits to you outside such plans (which, in the case of
medical insurance  benefits,  may be provided by the Company paying any premiums
for  continuation  of your medical  benefits  pursuant to the  provisions of the
Consolidated Omnibus Budget Reconciliation Act ("COBRA"),  COBRA coverage in any
event to be measured from the date of termination of employment).

         (f) In the event of a Change of  Control  Termination,  this  Agreement
shall  terminate in accordance with the terms of Exhibit A, and the payments and
benefits to which you shall be entitled shall be governed solely by Exhibit A.

         (g) In the event this  Agreement  is  terminated  for any reason by the
Company  (other  than due to  death,  disability,  for Cause or upon a Change of
Control),  or the Company  provides a Termination  Notice as forth in Section 1,
upon termination of your employment  under this Agreement,  any unvested options
from the Original Grant that you may own that would otherwise have vested within
one year from the date of termination shall be deemed to vest effective upon the
date of termination and become exercisable for a period of 90 days following the
date of  termination.  All other unvested  options from the Original Grant shall
terminate.

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<PAGE>

         (h) The payment by the Company of any compensation or benefits pursuant
to this Section 8 other than the Accrued  Obligations  shall be  conditioned  on
your  execution of a Release (a "Release") in a form provided by and  acceptable
to the Company.  Such Release  shall be  substantially  in the form of Exhibit B
hereto but may be  modified by the  Company in its sole  discretion  as it deems
appropriate to reflect changes in law or circumstances arising after the date of
this Agreement;  provided, however, that no such modification shall increase any
of your  obligations to the Company over those  contemplated  in this Agreement,
including the Exhibits hereto.

         9.  REPRESENTATIONS.  You hereby represent and warrant that you are not
subject  to  any  employment   agreement,   non-competition  or  confidentiality
agreement or other  commitment  that either  would be violated by your  entering
into or performing your obligations  under this Agreement or that would restrict
in any manner or interfere with the  performance of your  obligation  under this
Agreement.  You hereby further  represent and warrant that you have not revealed
to the Company or any employee of the Company any  confidential  information  of
any former employer, and you agree that you will not do so in the future.

         10.  ENTIRE  AGREEMENT;  MODIFICATION;  CONSTRUCTION.  This  Agreement,
together with the Exhibits  hereto and all of your rights under the SERP and all
other employee benefit plans in which you participate,  constitutes the full and
complete  understanding of the parties,  and supersedes all prior agreements and
understandings,  oral or  written,  between  the  parties,  with  respect to the
subject  matter  hereof,  except  for the  Agreement  Relating  to  Intellectual
Property and Confidential Information dated October 23, 1998 between you and the
Company ("Confidentiality  Agreement");  provided, however, that if the terms of
any  such  employee  benefit  plan or such  Confidentiality  Agreement  shall be
inconsistent  with the  provisions  to this  Agreement,  the  provisions of this
Agreement  shall  prevail.  Exhibit A and Exhibit B are hereby  incorporated  by
reference  and  made a part of this  Agreement.  Each  party  to this  Agreement
acknowledges that no representations,  inducements, promises or agreements, oral
or  otherwise,  have been made by either  party,  or anyone  acting on behalf of
either party,  that are not set forth or referred to herein.  This Agreement may
not be  modified or amended  except by an  instrument  in writing  signed by the
party against which enforcement thereof may be sought.

         11. SEVERABILITY.  Any term or provision of this Agreement that is held
to  be  invalid  or  unenforceable  in  any  jurisdiction   shall,  as  to  that
jurisdiction,  be ineffective to the extent that invalidity or  unenforceability
without rendering invalid or unenforceable the remaining terms and provisions of
this Agreement or affecting the validity or  enforceability  of any of the terms
or provisions of this Agreement in any other jurisdiction.

         12.  WAIVER OF BREACH.  The  waiver by either  party of a breach of any
provision of this  Agreement,  which waiver must be in writing to be  effective,
shall not operate as or be construed as a waiver of any subsequent breach.

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<PAGE>

         13.  NOTICES.  All notices  hereunder  shall be in writing and shall be
sent by messenger or by certified or registered mail,  postage  prepaid,  return
receipt  requested,  if to you, to your residence set forth above, and if to the
Company,  to the Vice  President-Human  Resources,  at the Company's address set
forth above,  or to such other address as either party to this  Agreement  shall
specify to the other.

         14.  ASSIGNABILITY;   BINDING  EFFECT.  This  Agreement  shall  not  be
assignable by either party,  except that it may be assigned by the Company to an
acquiror  of all or  substantially  all of the  assets of the  Company  or other
successor  to the  Company,  subject  to your  rights  arising  from a Change of
Control as provided in Exhibit A. This Agreement shall be binding upon and inure
to the benefit of you, your legal representatives,  heirs and distributees,  and
shall be binding  upon and inure to the benefit of the Company,  its  successors
and assigns.

         15. NO MITIGATION  REQUIRED.  Upon a termination of your  employment by
the Company  without Cause  pursuant to Section 8(g) or upon a Change of Control
pursuant to Exhibit A, you shall have no obligation to seek other employment but
shall not be prohibited  from doing so, and no  compensation  paid to you as the
result of any other  employment  shall reduce any payment required to be made by
the Company hereunder.

         16.   GOVERNING   LAW.  All  questions   pertaining  to  the  validity,
construction, execution and performance of this Agreement shall be construed and
governed  in  accordance  with the  laws of the  Commonwealth  of  Pennsylvania,
without giving effect to the conflicts or choice of law provisions thereof.

         17. NONDISPARAGEMENT.  You agree not to publicly or privately disparage
the  Company,  its  personnel,  products  or  services  either  during  or  upon
termination of your employment by the Company.

         18.  SURVIVAL.  All of the  provisions of this  Agreement that by their
terms are to be performed or that otherwise are to endure after the  termination
of  your  employment  by the  Company  shall  survive  the  termination  of your
employment  and shall  continue  in effect for the  respective  periods  therein
provided or contemplated.

         19.  HEADINGS.  The headings in this Agreement are intended  solely for
convenience  of reference  and shall be given no effect in the  construction  or
interpretation of this Agreement.

         20.  COUNTERPARTS.   This   Agreement   may  be  executed  in  several
counterparts,  each of which shall be deemed to be an original  but all of which
together shall constitute one and the same instrument.

                                      -9-

<PAGE>

         If you are in agreement with the  foregoing,  please sign the duplicate
original in the space provided below and return it to the Company.

                                       C&D TECHNOLOGIES, INC.

                                       By:/s/ William Harral, III
                                          ----------------------------

                                       Title: Chairman of the Board
                                              of Directors
                                          ----------------------------
Agreed as of the date
above written:

/s/ Wade H. Roberts, Jr.
-------------------------------
    Wade H. Roberts, Jr.

                                      -10-

<PAGE>

                                    EXHIBIT A
                    TO EMPLOYMENT AGREEMENT (THE "AGREEMENT")
                      OF WADE H. ROBERTS, JR. ("EXECUTIVE")
                    -----------------------------------------

(Capitalized terms used herein and not otherwise defined have the meanings given
to them in the Agreement.)

I. SPECIAL TERMINATION PROVISIONS.  In the event a Change of Control (as defined
below)  occurs,  and within 24 months  after  such  Change of  Control:  (a) the
Executive's  employment with the Company is terminated by the Executive pursuant
to a  Termination  for Good Reason (as defined  below);  or (b) the  Executive's
employment  with the Company is  terminated  by the Company for any reason other
than death, disability or for Cause pursuant to Sections 8(a), (b) or (c) of the
Agreement; or (c) the Agreement is not renewed due to a Termination Notice given
by the  Company,  as provided in Section 1 of the  Agreement  (the events  under
clauses  (a),  (b) and (c)  herein  collectively  called a  "Change  of  Control
Termination"),  the  Executive  shall be entitled to receive  the  payments  and
benefits  set forth in Section  III below in  consideration  of the  Executive's
agreements  under the  Agreement,  including but not limited to the  Executive's
agreement  not to compete  with the  Company  for a period of two years  after a
Change of Control  pursuant to Section 5(a) of the Agreement and the Executive's
execution of the Release contemplated by Section 8(h) of the Agreement.

II. DEFINITIONS.

         (a) CHANGE OF  CONTROL.  For  purposes of the  Agreement,  a "Change of
Control"  shall be deemed to have  occurred  if: (i) any  person (as  defined in
Section  3(a)(9)  of the  Securities  Exchange  Act of  1934,  as  amended  (the
"Exchange Act") and as used in Sections 13(d) and 14(d) thereof)), excluding the
Company,  any "Subsidiary" and any employee benefit plan sponsored or maintained
by the Company or any Subsidiary  (including any trustee of any such plan acting
in his  capacity  as  trustee),  but  including  a "group" as defined in Section
13(d)(3) of the Exchange Act,  becomes the beneficial  owner (as defined in Rule
13d-3 under the  Exchange  Act) of shares of the Company  having at least 30% of
the total  number of votes that may be cast for the election of directors of the
Company;  (ii) the stockholders of the Company shall approve any merger or other
business  combination of the Company,  sale of all or  substantially  all of the
Company's assets or combination of the foregoing transactions (a "Transaction"),
other  than a  Transaction  involving  only the  Company  and one or more of its
Subsidiaries,  or a Transaction  immediately following which the stockholders of
the Company immediately prior to the Transaction  continue to have a majority of
the  voting  power in the  resulting  entity  (excluding  for this  purpose  any
stockholder  of the Company owning  directly or indirectly  more than 10% of the
shares of the other company  involved in the  Transaction)  and no person is the
beneficial  owner of at least  30% of the  shares  of the  resulting  entity  as
contemplated  by Section  II(a)(i)  above;  or (iii) within any 24-month  period
beginning  on or after the date  hereof,  the persons who were  directors of the
Company  immediately  before  the  beginning  of  such  period  (the  "Incumbent
Directors") shall cease (for any reason other than death) to constitute at least
a majority of the Board of Directors of the Company or the board of directors of
any successor to the Company,  provided that any director who was not a director
as of the date  hereof

                                      A-1
<PAGE>

shall be deemed to be an Incumbent  Director if such director was elected to the
Board  by,  or on the  recommendation  of or with  the  approval  of,  at  least
two-thirds  of the directors who then  qualified as Incumbent  Directors  either
actually or by prior operation of this Section II(a)(iii), unless such election,
recommendation  or approval was the result of an actual or  threatened  election
contest of the type  contemplated  by Regulation  14a-11  promulgated  under the
Exchange Act or any  successor  provision.  Notwithstanding  the  foregoing,  no
Change of Control of the Company  shall be deemed to have  occurred for purposes
of this  Agreement  by reason of any  actions  or events in which the  Executive
participates  in a  capacity  other  than in his  capacity  as an  executive  or
director of the Company.

         (b)  TERMINATION  FOR GOOD  REASON.  For purposes of the  Agreement,  a
"Termination  for Good Reason" means a  termination  by the Executive by written
notice given within 90 days after the  occurrence  of the Good Reason  event.  A
notice of Termination  for Good Reason shall  indicate the specific  termination
provision in Section II(c) relied upon and shall set forth in reasonable  detail
the facts and circumstances  claimed to provide a basis for Termination for Good
Reason.  The failure by the  Executive  to set forth in such notice any facts or
circumstances which contribute to the showing of Good Reason shall not waive any
right of Executive  hereunder or preclude the Executive from asserting such fact
or circumstance in enforcing his rights hereunder. The notice of Termination for
Good Reason shall  provide for a date of  termination  not less than 10 nor more
than 60 days after the date such Notice of Termination for Good Reason is given.

         (c) GOOD REASON.  For purposes of the  Agreement,  "Good  Reason" shall
mean the occurrence,  without the Executive's express written consent, of any of
the following circumstances, unless such circumstances are fully corrected prior
to the date of  termination  specified  in the  notice of  Termination  for Good
Reason as  contemplated in Section II(b) above:  (i) any material  diminution of
the Executive's positions,  duties or responsibilities hereunder (except in each
case in connection with the termination of the Executive's  employment for Cause
pursuant to Section 8(c) of the Agreement or due to disability or death pursuant
to  Sections  8(a) or 8(b) of the  Agreement,  or  temporarily  as a  result  of
Executive's  illness or other  absence),  or the  assignment to the Executive of
duties or responsibilities  that are inconsistent with the Executive's  position
under the  Agreement  at the time of a Change of  Control;  (ii)  removal of the
Executive from, or the  nonreelection of the Executive to, the officer positions
with the Company  specified in the Agreement;  (iii) relocation of the Company's
principal  executive  offices to a location more than 25 miles from its location
at the time of the  Change of  Control;  (iv)  failure by the  Company,  after a
Change of Control,  (A) to continue any bonus plan,  program or  arrangement  in
which the Executive is entitled to participate  immediately  prior to the Change
of Control  (the  "Bonus  Plans"),  provided  that any such  Bonus  Plans may be
modified  at the  Company's  discretion  from  time to time but  shall be deemed
terminated  if (x) any such plan does not  remain  substantially  in the form in
effect prior to such  modification and (y) if plans providing the Executive with
substantially   similar  benefits  are  not  substituted  therefor  ("Substitute
Plans"),  or (B) to continue the Executive as a  participant  in the Bonus Plans
and  Substitute  Plans on at least the same basis as to potential  amount of the
bonus and substantially the same level of criteria for achievability  thereof as
the Executive  participated in immediately  prior to any change in such plans or
awards,  in accordance  with the Bonus Plans and the Substitute  Plans;  (v) any
material  breach by the Company of any provisions of the Agreement;  (vi) if the
Executive

                                      A-2
<PAGE>

is on the Board of Directors at the time of a Change of Control, the Executive's
removal from or failure to be reelected to the Board of Directors thereafter; or
(vii) failure of any successor to the Company to promptly acknowledge in writing
the obligations of the Company hereunder.

III. PAYMENTS AND BENEFITS. Upon a Change of Control Termination, as provided in
Section I above,  the Company  shall pay or provide the  Executive the following
payments and benefits:

         (a) The Company shall pay to the Executive all Accrued Obligations in a
lump sum within five business days after the date of termination.

         (b) The Company shall pay to the Executive as severance  pay, not later
than the tenth day following the date of the Executive's  execution and delivery
of the Release required pursuant to Section 8(h) of this Agreement:

                  (i)  a lump  sum  in  an amount  equal to  three years  of the
Executive's Base Salary; and

                  (ii) a lump sum  payment  in an  amount  equal to three of the
Executive's annual incentive bonuses, such payment to be equal to the greater of
(i) the amount of all incentive  bonuses paid to the  Executive  with respect to
each of the three most recently  completed fiscal years of the Company for which
a bonus has been paid or (ii) the  incentive  bonus paid to the  Executive  with
respect to the two most recently completed fiscal years of the Company for which
a bonus has been paid plus an amount equal to the  Executive's  Target Bonus (as
hereinafter defined); provided, however, that if the Executive has been employed
by the Company for less than three  years,  such  payment  shall be equal to the
greater of (x) the amount of the incentive  bonuses paid to the  Executive  with
respect to the two most recently completed fiscal years of the Company for which
a bonus has been paid plus the Executive's Target Bonus or (y) the amount of the
Executive's Target Bonus multiplied by three. The term "Target Bonus" shall mean
the  incentive  bonus  that  would have been  payable  for the fiscal  year that
includes  the date on which  the  Executive's  employment  terminates  under the
incentive  bonus  program  in  effect as of the date of the  Change of  Control,
assuming that the Executive had been entitled to receive an amount in respect of
such  bonus  based  solely  upon  his  Base  Salary  and the  applicable  target
percentage as of the date of termination (or if greater,  the  Executive's  Base
Salary  as of the date on which  occurred  an event  giving  rise to a Change of
Control Termination), and without regard to actual performance.

         (c) The Company shall continue the  participation  of the Executive and
the  Executive's  dependents  for a period  of  three  years  after  the date of
termination  in all health,  medical and accident,  life and other welfare plans
(as defined in Section 3(l) of ERISA),  in which the Executive was participating
immediately  prior to the date of termination,  except for any disability plans,
and shall provide the  Executive  with a leased  automobile  pursuant to Section
2(g) of the Agreement for such period; provided, however, that to the extent the
Company's plans do not permit such continued participation or such participation
would have an adverse tax impact on such plans or on the other  participants  in
such plans, the Company may instead provide  materially  equivalent  benefits to
the  Executive  outside  of such  plans;  provided,  further,  that  under  such
circumstances,  (i) medical

                                      A-3
<PAGE>

insurance  benefits  may be provided by the  Company  paying any COBRA  premiums
(COBRA  coverage,  in any event,  to be measured from the date of termination of
employment) and (ii) if the Company is unable to continue the  Executive's  life
insurance  coverage,  it shall pay the  Executive an amount equal to three times
the  premium  paid  during the year  prior to  termination  or if the  Executive
converts  the  insurance  to an  individual  policy,  the Company  shall pay the
premium for such  insurance for three years.  The Executive  shall complete such
forms  and take  such  physical  examinations  as  reasonably  requested  by the
Company.  To the extent the Executive  incurs any tax  obligation as a result of
the provisions of this paragraph (c) that the Executive  would not have incurred
if the  Executive  remained an employee  of the  Company  and had  continued  to
participate  in the benefit  plans as an employee,  the Company shall pay to the
Executive,  at the time the tax is due,  an amount to cover  such  taxes and the
taxes on the amount paid to cover such taxes.

         (d) All outstanding stock options and restricted stock awards that have
been granted to the Executive by the Company at any time but have not yet vested
and  upon  which  vesting  depends  solely  upon  the  passage  of  time,  shall
immediately vest or become nonforfeitable,  as the case may be. In the event the
foregoing sentence becomes applicable,  the Company agrees to cause the Board of
Directors to take all steps necessary to implement the foregoing sentence.

         (e) All amounts payable to the Executive upon a Change of Control under
the SERP  and the  Company's  Deferred  Compensation  Plan  shall be paid to the
Executive in accordance with the terms of those plans.

         (f) The  Company,  at its expense,  shall  provide the  Executive  with
outplacement  services  at a level  appropriate  for the  most  senior  level of
executive employees through an outplacement firm of the Executive's choice for a
period of up to one year after the date of the Change of Control Termination.

         (g)  (i)  In  the  event  that  any   payment,   coverage   or  benefit
(collectively,  the  "Covered  Benefits")  provided  to you by the Company or an
Affiliate  (as  defined  below) is or becomes  subject to the excise tax imposed
under  Section 4999 or any successor  provision of the Internal  Revenue Code of
1986, as amended (the "Code"),  or you incur  interest or penalties with respect
to that excise tax (that excise tax,  together with any interest and  penalties,
are hereinafter collectively referred to as the "Excise Tax"), the Company shall
pay you an additional amount (a "Gross-Up Bonus") at the time or times specified
in Section  III(g)(iii)(z)  below.  The amount of the Gross-Up Bonus shall equal
the  quotient  determined  by dividing  (x) the Excise Tax  attributable  to the
Covered  Benefits by (y) one minus the highest  marginal income tax rate,  where
the term  "highest  marginal  income  tax  rate"  means  the sum of the  highest
combined local, state and federal personal income tax rates (including any state
unemployment  compensation  tax rate,  any surtax  rate as well as the  Medicare
hospital  insurance  tax rate imposed on employees  under the Federal  Insurance
Contributions  Act) as in effect for the  calendar  year to which the Excise Tax
attributable to the Covered Benefits  relates,  provided that in determining the
highest tax rate for federal purposes both the  deductibility of state and local
income  tax  payments  and  the  reduction  in  the  deductibility  of  itemized
deductions  shall be taken into  account;  it being the intention of the parties
hereto that your net after tax position  (after taking into account any interest
or  penalties  imposed  with  respect to such taxes) upon receipt of the

                                      A-4
<PAGE>

Covered Benefits is no less  advantageous to you than the net after tax position
you would have had if Section  4999 of the Code had not been  applicable  to any
portion of the Covered Benefits.

                  (ii) All  determinations to be made under this Section III(g),
including the  determination  of whether an Excise Tax is payable and the amount
thereof,   shall  be  made  by  a  law  firm  practicing  in  the  Philadelphia,
Pennsylvania  metropolitan area that is knowledgeable in tax law matters,  which
firm  shall be  selected  and  paid for by the  Company  and  acceptable  to the
Executive.  If tax  counsel's  determinations  are not  finally  accepted by the
Internal  Revenue  Service upon audit,  then  appropriate  adjustments  shall be
computed  (with a Gross Up Bonus,  if applicable) by that tax counsel based upon
the final amount of the Excise Tax so determined.

                  (iii) For purposes of this Section III(g):

                        (x)   An  "Affiliate" shall  mean any  successor  to the
Company,  any member of an affiliated  group  including the Company (determining
using the  definition in Section 1504 of the Code) or any  entity  that  becomes
a  member of such an affiliated group as a result of the transaction causing the
Change of Control.

                        (y)   When determining the amount of the Gross-Up Bonus,
you will be deemed to have otherwise  allowable  deductions  for  federal, state
and  local  tax  purposes  at least equal  to those  disallowed  because  of the
inclusion of the Gross-Up Bonus in your adjusted gross income.

                        (z)   The portion of the Gross-Up Bonus  attributable to
a Covered  Benefit shall be paid to you  within 10  business  days following the
provision to you of the Covered  Benefit. In the event that the amount of Excise
Tax due exceeds the amount of Excise Tax determined  by tax counsel, the Company
shall pay you an additional Gross-Up Bonus in respect of that excess at the time
that the  amount of  the excess is determined  under Section III(g)(ii).  In the
event  the  amount of  Excise Tax  due  is  less than  the amount of  Excise Tax
determined by tax counsel, you shall repay the Company the portion of the Gross-
Up  Bonus  attributable thereto at the  time that the amount of the reduction in
Excise Tax is  determined under Section III(g)(ii);  provided,  however, that if
any portion of  the amount  you must repay to  the Company  has been paid to any
federal,  state or local tax authority,  your  repayment  of that portion  shall
be  postponed  until  the tax authority has  actually  refunded or credited that
amount to you.

         (h) Upon the occurrence of a Change of Control, if the Company fails to
perform any of its obligations  under this Agreement or the Company or any other
person  asserts  the  invalidity  of any  provision  of this  Agreement  and the
Executive  incurs any costs in  successfully  enforcing or defending  any of the
provisions of this Agreement, including legal fees and expenses and court costs,
the Company shall reimburse the Executive for all such costs incurred by him.

                                      A-5

<PAGE>

                                    EXHIBIT B

                                     RELEASE

         This  Release  is made this _____ day of  _______________,  ____ by and
between C&D Technologies, Inc. ("Employer") and _________________ ("Employee").

                                    Recitals:

         WHEREAS,  the  parties  are  parties to an  Employment  Agreement  (the
"Employment  Agreement")  dated  __________,  pursuant  to  which  Employee  was
employed by Employer; and

         WHEREAS, the Employment Agreement has terminated; and

         WHEREAS,  your execution and delivery of this Release is a condition to
the Employer's obligations to pay certain compensation and benefits to you under
the Employment Agreement;

         NOW THEREFORE,  the parties  hereto,  intending to be legally bound, in
consideration  of the mutual  promises and  undertakings  set forth  herein,  do
hereby agree as follows:

         1.  As  of  _____________________,  ____,  Employee's  employment  with
Employer   shall   terminate,   and   Employee   shall  have  no   further   job
responsibilities to perform for Employer; provided, however, that Employee shall
cooperate  with Employer in  transitioning  Employee's job  responsibilities  as
Employer shall reasonably  request,  provided that Employee shall be entitled to
receive reasonable compensation for any services rendered prior to such date and
shall  not be  obligated  to take  any  action  that  would  interfere  with any
subsequent  employment of Employee or otherwise  result in economic  hardship to
Employee.

         2. Employer shall pay to the Employee the amounts contemplated pursuant
to Section __ of the Employment Agreement, less applicable deductions;  provided
however, the first payment shall not be due and payable until ten days after the
execution by Employee and delivery to Employer of this Release.

         3. For and in consideration of the monies and benefits paid to Employee
by Employer,  as more fully described in Section 2 above, and for other good and
valuable consideration,  Employee hereby waives, releases and forever discharges
Employer, its assigns,  predecessors,  successors,  and affiliated entities, and
its current or former stockholders, officers, directors, administrators, agents,
servants and employees,  individually  and as  representatives  of the corporate
entity (hereinafter  collectively referred to as "Releasees"),  from any and all
claims,  suits, debts, dues, accounts,  reckonings,  bonds, bills,  specialties,
covenants,  contracts, bonuses,  controversies,  agreements,  promises, charges,
complaints,  damages,  sums of money,  interest,  attorney's  fees and costs, or
causes  of action of any kind or nature  whatsoever  whether  in law or  equity,
including,  but not limited to, all claims arising out of his/her  employment or
termination  of  employment  with  Employer,  such as

                                      B-1
<PAGE>

all  claims  for  wrongful  discharge,  breach of  contract,  either  express or
implied,    interference    with   contract,    emotional    distress,    fraud,
misrepresentation,  defamation,  claims  arising  under the Civil Rights Acts of
1964  and  1991  as  amended,  the  Americans  With  Disabilities  Act,  the Age
Discrimination  in Employment Act (ADEA),  the National Labor Relations Act, the
Fair Labor  Standards Act, the Employee  Retirement  Income Security Act of 1974
(ERISA), the Family and Medical Leave Act, the Pennsylvania Human Relations Act,
the Pennsylvania  Wage Payment & Collection Law, the  Pennsylvania  Minimum Wage
Act of 1968,  the  Pennsylvania  Equal  Pay Law,  and any and all  other  claims
arising  under  federal,  state or local law,  rule,  regulation,  constitution,
ordinance or public policy whether known or unknown, arising up to and including
the date of execution of this Release; provided, however that the parties do not
release each other from any claim of breach of the terms of this  Release.  This
release  of rights  does not extend to claims  that may arise  after the date of
this  Release.  Employee  agrees that  Employee  will not initiate any charge or
complaint or  institute  any claim or lawsuit  against  Releasees or any of them
based on any fact or circumstance  occurring up to and including the date of the
execution by Employee of this Release.

         4  Employee  agrees  that the  payments  made and  other  consideration
received  pursuant to this  Release are not to be  construed  as an admission of
legal  liability  by Releasees or any of them and that no person or entity shall
utilize this Release or the  consideration  received pursuant to this Release as
evidence of any admission of liability since Releasees expressly deny liability.

         5 Employee affirms that the only  consideration for the signing of this
Release are the terms stated herein and in the Employment  Agreement and that no
other  promise or  agreement of any kind has been made to Employee by any person
or entity whatsoever to cause Employee to sign this Release.

         6 Employee and Employer  affirm that the Employment  Agreement and this
Release set forth the entire  agreement  between the parties with respect to the
subject  matter  contained  herein and  supersede  all prior or  contemporaneous
agreements  or  understandings  between the parties  with respect to the subject
matter contained herein. Further, there are no representations,  arrangements or
understandings, either oral or written, between the parties, which are not fully
expressed herein.  Finally,  no alteration or other modification of this Release
shall be effective unless made in writing and signed by both parties.

         7 Employee  acknowledges  that Employee  has been given a  period of at
least 21 days within which to consider this Release.

         8 Following the execution of this Release, the Employee has a period of
7 days from the date of execution to revoke this Release, and this Release shall
not become effective or enforceable until the revocation period has expired.

         9 Employee  certifies  that Employee has returned to Employer all keys,
identification  cards, credit cards,  computer and telephone equipment and other
property or  information  of  Employer in  Employee's  possession,  custody,  or
control including, but not limited to, any information contained in any computer
files  maintained  by  Employee  during  Employee's  employ-

                                      B-2
<PAGE>

ment with Employer.  Employee certifies that Employee has not kept the originals
or copies of any documents,  files, or other property of Employer which Employee
obtained or received during Employee's employment with Employer.

         10 Employee acknowledges that Employer advised Employee to consult with
an attorney prior to executing this Release.

         11 Employee affirms that Employee has carefully read this Release, that
Employee  fully  understands  the  meaning  and  intent of this  document,  that
Employee has signed this Release  voluntarily  and knowingly,  and that Employee
intends to be bound by the promises  contained in this Release for the aforesaid
consideration.

         IN WITNESS  WHEREOF,  Employee  and the  authorized  representative  of
Employer have executed this Release on the dates indicated below:

                                              C&D TECHNOLOGIES, INC.

Dated:_____________________            By:______________________________

                                       Title:__________________________

Dated:_____________________              ______________________________
                                               (Name of Employee)

                                      B-3

<PAGE>

                                   ENDORSEMENT

         I,  ___________________________________,  hereby acknowledge that I was
given 21 days to consider the foregoing  Release and  voluntarily  chose to sign
the Release prior to the expiration of the 21-day period.

         I declare under  penalty of perjury under the laws of the  Commonwealth
of Pennsylvania that the foregoing is true and correct.

         EXECUTED   this   ________   day  of   __________________,   ____,   at
_______________________________________, Pennsylvania.

                                       ---------------------------------
                                       (Name of Employee)

                                      B-4Exhibit 10.14

March 31, 2000

Mr. Stephen E. Markert, Jr.
487 Deep Run Road
Perkasie, PA  18944

Dear Steve:

         You are  presently  employed  by C&D  Technologies,  Inc.,  a  Delaware
corporation (the "Company"), in an executive capacity and the Company desires to
encourage such continued  employment by providing certain protections for you by
entering into this Agreement with you, in return for which you agree to continue
to be  employed by the Company on the terms set forth  herein,  to refrain  from
certain competitive  activity and to provide the Company with certain assurances
upon your departure. In consideration of same, the Company agrees to employ you,
and you  agree  to  accept  such  employment,  under  the  following  terms  and
conditions:

         1.  TERM OF EMPLOYMENT.

         (a) Except for  earlier  termination  as is provided in Section 9 or 10
below,  your employment under this Agreement shall be automatically  renewed for
successive terms of one month each,  unless either party shall have given to the
other party at least 30 days' prior written  notice of the  termination  of this
Agreement (a  "Termination  Notice").  If such 30 days' prior written  notice is
given by either party, (i) the Company shall, without any liability to you, have
the right, exercisable at any time after such notice is sent, to elect any other
person to the office or offices in which you are then  serving and to remove you
from such office or offices,  but (ii) all other obligations each of you and the
Company  have to the  other,  including  the  Company's  obligation  to pay your
compensation  and make  available the medical and dental  insurance to which you
are entitled hereunder, shall continue until the date your employment terminates
as specified in such notice.

         2.  COMPENSATION.

         (a) You shall be  compensated  for all  services  rendered by you under
this  Agreement  at the rate of $175,000 per annum (such  salary,  as it is from
time to time adjusted,  is herein referred to as the ("Base Salary").  Such Base
Salary shall be payable in periodic  installments  twice  monthly in  accordance
with the Company's  payroll practices for salaried  employees.  The Compensation
Committee of the Board of Directors shall review such Base Salary prior to April
1, 2000 and each

<PAGE>

year thereafter  during the term of this Agreement,  including any renewal term,
and shall make such  adjustments,  if any, as the  Compensation  Committee shall
determine;  provided,  however,  that no adjustment shall reduce the Base Salary
below $175,000.

         (b) If your employment hereunder shall be terminated (i) by the Company
without notice of Cause (as defined in Section 9(c)) therefor  having been given
to you (other than pursuant to Section 9(a) or 9(b)), or (ii) as a result of the
non-renewal  of this  Agreement  pursuant to a  Termination  Notice given by the
Company  under  Section  1(a)  then,  in  addition  to  paying  you the  Accrued
Obligations (as hereinafter defined),  for a one-year period after the effective
date of such  termination,  the  Company  shall pay you at the rate of your Base
Salary  in  effect  at the time of such  termination  in  periodic  payments  in
accordance  with  the  Company's  payroll  practices  for  salaried   employees;
provided,  however,  that your right to receive  such  payments,  other than the
Accrued Obligations,  shall be conditioned upon your execution of a Release (the
"Release").  Such Release shall be substantially in the form of Exhibit A hereto
but  may be  modified  by  the  Company  in  its  sole  discretion  as it  deems
appropriate to reflect changes in law or circumstances arising after the date of
this Agreement;  provided, however, that no such modification shall increase any
of your  obligations to the Company over those  contemplated  by this Agreement,
including Exhibit A hereto.  The term "Accrued  Obligations" shall mean (i) your
Base Salary  through the date of  termination  and (ii) all  benefits  that have
accrued to you under the terms of all employee  benefits plans of the Company in
which you are entitled to participate.

         3.  DUTIES.

         (a) During the term of your employment hereunder, including any renewal
thereof,  you  agree  to serve as the  Vice  President  Finance/Chief  Financial
Officer or in such other capacity with duties and  responsibilities of a similar
nature as those  initially  undertaken  by you hereunder as the President of the
Company may from time to time determine.  Your duties may be changed at any time
and from time to time hereafter,  upon mutual agreement,  consistent with office
or  offices  in which you  serve as deemed  necessary  by the  President  of the
Company.  You also agree to perform such other  services  and duties  consistent
with the office or offices in which you are serving and its  responsibilities as
may from  time to time be  prescribed  by the Board of  Directors,  and you also
agree to serve, if elected,  as an officer and/or director of the Company and/or
any of the Company's other direct or indirect  subsidiaries  without  additional
compensation,   in  all  cases  in  conformity  to  the  by-laws  of  each  such
corporation.  Unless you otherwise  agree, you shall not be required to relocate
your place of business to a location that would increase your commuting distance
by greater than 25 miles.

         (b)  You  shall  devote  your  full  employment   energies,   interest,
abilities,  time and  attention  during normal  business  hours  (excluding  the
vacation periods provided in Section 4(b) below) exclusively to the business and
affairs of the Company,  its parent  corporation and  subsidiaries,  if any, and
shall  not  engage  in any  activity  that  conflicts  or  interferes  with  the
performance of duties hereunder.

         (c) You agree to  cooperate  with the  Company,  including  taking such
reasonable  medical  examinations as may be necessary,  in the event the Company
shall  desire or be required  (such as

                                      -2-
<PAGE>

pursuant  to the terms of any bank loan or any other  agreement)  to obtain life
insurance insuring your life.

         (d) You shall,  except as otherwise  provided herein, be subject to the
Company's  rules,  practices and policies  applicable  to the  Company's  senior
executive  employees.  Without  limiting the  generality of the  foregoing,  you
shall,  with  respect to the Company and its parents,  subsidiaries,  assets and
stockholders, act in a manner consistent with your fiduciary responsibilities as
an executive of the Company.

         4.  BENEFITS.

         (a) You shall  have the  benefit  of such life and  medical  insurance,
bonus,  stock  option and other  similar  plans as the  Company  may have or may
establish  from time to time,  and in which you would be entitled to participate
by reason of your  position  with the  Company,  pursuant to the terms  thereof.
Also,  to  the  extent  you  have  met  the  qualifications  required,  you  may
participate  in the  Company's  savings and  retirement  plans.  The  foregoing,
however,  shall not be construed  to require the Company to  establish  any such
plans or to prevent the Company from  modifying or  terminating  any such plans,
and no such action or failure thereof shall affect this Agreement.

         (b) You shall be entitled to a vacation of four weeks each year.

         (c) The Company will provide you with an annual physical examination.

         5. EXPENSES.  The Company will  reimburse you for  reasonable  expenses
(consistent with Company policy), including traveling expenses,  incurred by you
in connection with the business of the Company,  upon the presentation by you of
appropriate substantiation for such expenses.

         6.  RESTRICTIVE COVENANTS.

         (a) During such time as you shall be employed by the  Company,  and for
the applicable  Restricted Period (as defined below) thereafter,  you shall not,
without the written  consent of the Board of Directors,  directly or indirectly,
become  associated  with,  render services to, invest in,  represent,  advise or
otherwise participate as an officer, employee, director,  stockholder,  partner,
agent of or consultant  for, any business that, at the time your employment with
the Company  ceases,  is  competitive  with the business in which the Company is
engaged  or in which  the  Company  has  taken  affirmative  steps to  engage (a
"Competitive  Business");  provided,  however,  that  nothing  herein  (i) shall
prevent you from investing without limit in the securities of any company listed
on a national securities exchange,  provided that your involvement with any such
company is solely  that of a  stockholder,  and (ii) is  intended to prevent you
from being  employed  during the  applicable  Restricted  Period by any business
other than a  Competitive  Business.  With  respect to any  termination  of your
employment  other than upon a Change of  Control  pursuant  to  Section  10, the
applicable  Restricted  Period shall be the one-year  period  following the date
your employment terminates, and with respect to a termination of your employment
upon a Change of Control  pursuant

                                      -3-
<PAGE>

to Section 10, the  applicable  Restricted  Period shall be the two-year  period
following the date your employment terminates.

         (b) The parties  hereto  intend  that the  covenant  contained  in this
Section 6 shall be deemed a series of separate covenants for each state,  county
and city.  If, in any judicial  proceeding,  a court shall refuse to enforce all
the  separate  covenants  deemed  included  in this  Section 6,  because,  taken
together,  they cover too extensive a geographic  area,  the parties intend that
those of such  covenants  (taken in order of the  states,  counties  and  cities
therein  which are least  populous),  which,  if  eliminated,  would  permit the
remaining separate  covenants to be enforced in such proceeding,  shall, for the
purpose of such  proceeding,  be deemed  eliminated  from the provisions of this
Section 6.

         7.  CONFIDENTIALITY, NON-INTERFERENCE, INVENTIONS AND PROPRIETARY
             INFORMATION.

         (a) In the course of (i) your  employment  with the Company  hereunder,
and (ii) any  prior  employment  with the  Company,  you will  have and have had
access to  Confidential or Proprietary  Data or Information of the Company.  You
shall not at any time divulge or  communicate to any person nor shall you direct
any Company  employee to divulge or  communicate  to any person (other than to a
person bound by  confidentiality  obligations  similar to those contained herein
and other than as necessary in performing  your duties  hereunder) or use to the
detriment  of the  Company  any of  such  Confidential  or  Proprietary  Data or
Information, except to the extent the same (i) becomes publicly known other than
through a breach of this  Agreement  by you,  (ii) was known to you prior to the
disclosure  thereof by the  Company to you from a source  that was  entitled  to
disclose it or (iii) is subsequently disclosed to you by a third party who shall
not have receive it under any obligation of confidentiality to the Company.  The
term  "Confidential  or  Proprietary  Data  or  Information"  as  used  in  this
Agreement, shall mean data or information not generally available to the public,
including personnel information, financial information, customer lists, supplier
lists, product and tooling specifications, trade secrets, information concerning
product  composition  and  formulas,  tools and dies,  drawings and  schematics,
manufacturing processes, information regarding operations, systems and services,
knowhow, computer and any other electronic, processed or collated data, computer
programs, and pricing, marketing, sales and advertising data.

         (b) You  shall  not,  during  the  term of this  Agreement  and for the
applicable  Restricted  Period after the  termination of your  employment by the
Company,  for your own  account  or for the  account  of any other  person,  (i)
solicit or divert to any Competitive  Business any individual or entity who is a
customer of the Company or any subsidiary or affiliate of the Company or who was
a customer of the Company or any  subsidiary  or affiliate  during the preceding
twelve-month period, (ii) employ,  retain as a consultant,  attempt to employ or
retain as a consultant,  solicit or assist any Competitive Business in employing
or  retaining  as a  consultant  any  current  employee  of the  Company  or any
subsidiary  or  affiliate  or any person who was  employed by the Company or any
subsidiary  or  affiliate  during  the  preceding  twelve-month  period or (iii)
otherwise  interfere with the Company's  relationship with any of its suppliers,
customers,  employees or consultants;  provided,  however, that you shall not be
prohibited  from  contacting  suppliers or customers  after  termination of your
employment  with regard to matters  that do not violate your  noncompetition  or
confidentiality

                                      -4-
<PAGE>

obligations  contained in Sections 6(a) and 7(a) or interfere with the Company's
relationship with such parties.

         (c) It is understood that you may, during your employment,  conceive or
develop certain  inventions,  innovations or discoveries related to any business
in which the Company may be engaged,  either  solely or jointly with others.  In
connection  with the  conception or development  thereof,  you agree to disclose
promptly to the Company all such  inventions,  innovations and  discoveries,  to
assign,  and hereby do  assign,  to the  Company  all of your  right,  title and
interest in and to said inventions,  innovations and discoveries,  and to do all
things  and  sign  all  documents  deemed  by the  Company  to be  necessary  or
appropriate  to vest in the Company,  its  successors  and assigns,  all of your
right, title and interest in and to such inventions, innovations or discoveries,
and to procure for the Company,  at the Company's expense,  patents,  copyrights
and/or  trademarks  covering such inventions,  innovations or discoveries in the
United States and its  possessions and in foreign  countries,  at the discretion
and under the  direction of the Company.  In the event the Company is unable for
any reason to assure your signature on such documents,  you irrevocably  appoint
the  Company  and its duly  authorized  officers  and agents as your  agents and
attorneys-in-fact  to execute such documents and to do such things with the same
legal force and effect as if executed or done by you.

         (d) All written,  electronic and other tangible materials,  records and
documents  made by you or coming into your  possession  during  your  employment
concerning any products, processes or equipment,  manufactured, used, developed,
investigated or considered by the Company, or otherwise  concerning the business
or affairs of the Company,  shall be the sole property of the Company,  and upon
termination  of your  employment,  or upon  request of the  Company  during your
employment,  you shall  promptly  deliver the same to the Company.  In addition,
upon termination of your employment,  or upon request of the Company during your
employment,  you will deliver to the Company all other Company  property in your
possession  or under your  control,  including,  but not limited  to,  financial
statements,  marketing and sales data, patent  applications,  drawings and other
documents,  and all Company keys, credit cards, computer and telephone equipment
and automobiles.

         8.  EQUITABLE  RELIEF.  With  respect  to the  covenants  contained  in
Sections  6 and 7 of this  Agreement,  you agree  that any remedy at law for any
breach  of said  covenants  may be  inadequate  and  that the  Company  shall be
entitled to specific  performance  or any other mode of injunctive  and/or other
equitable  relief to enforce its rights  hereunder  or any other  relief a court
might award.

         9. EARLIER TERMINATION. Your employment hereunder shall terminate prior
to the  Initial  Term (or any  renewal  term,  in the event of  renewal)  on the
following terms and conditions:

         (a) This Agreement  shall terminate  automatically  on the date of your
death.  Notwithstanding  the  foregoing,  if you  die  during  the  term of this
Agreement,  the Company  shall (i)  continue to make  payments to your estate of
your Base Salary as then in effect pursuant to this Agreement for 180 days after
the date of your death, and (ii) pay your estate any reimbursable expenses which
otherwise would have been paid to you to the date of your death.

                                      -5-
<PAGE>

         (b) This  Agreement  shall be  terminated  if you are unable to perform
your duties  hereunder for a period of any 180 days in any 365  consecutive  day
period  by  reason  of  physical  or  mental  disability.   Notwithstanding  the
foregoing,  if this  Agreement is terminated  pursuant to this Section 9(b), the
Company  shall pay any  accrued  but  unpaid  Base  Salary  through  the date of
termination and any reimbursable expenses due to you hereunder.  For purposes of
this Agreement "physical or mental disability" shall mean your inability, due to
health reasons,  to discharge  properly your duties of employment,  supported by
the  opinion of a physician  satisfactory  to both you and the  Company.  If the
parties do not agree on a physician mutually satisfactory to both of you and the
Company within ten days of written demand by one or the other, a physician shall
be selected by the president of the Pennsylvania  Medical  Association,  and the
physician shall,  within 30 days thereafter,  make a determination as to whether
disability  exists and certify the same in  writing.  Services of the  physician
shall be paid for by the Company.  You shall fully  cooperate with the examining
physician including submitting yourself to such examinations as may be requested
by the physician for the purpose of determining whether you are disabled.

         (c) This  Agreement  shall  terminate  immediately  upon the  Company's
sending you written notice terminating your employment  hereunder for Cause. The
Company may terminate  this  Agreement for Cause,  but only after written notice
specifying  the Cause of such  action  shall  have been  rendered  to you by the
President of the Company. "Cause" shall mean any of the following:

                  (i)      Breach of this Agreement.

                  (ii) Refusal or inability (other than pursuant to Section 9(a)
or 9(b)) to perform duties  assigned to you in accordance with the terms of this
Agreement or overt and willful  disobedience  of orders or directives  issued to
you by the Company and within the scope of your duties to the Company.

                  (iii) Willful  misconduct in the  performance  of your duties,
functions and responsibilities.

                  (iv)  Commission of acts that are illegal in  connection  with
the  performance  of your  duties,  functions  and  responsibilities  under this
Agreement.

                  (v) Commission of acts that would  constitute a felony offense
during the term of this Agreement.

                  (vi)  Violation of Company  rules and  regulations  concerning
conflict of interest.

                  (vii) Gross mismanagement of the assets of the Company.

                  (viii)  Gross  incompetence,  gross  insubordination  or gross
neglect in the performance of your duties  hereunder or being under the habitual
influence  of  alcohol   while  on  duty  or   possession,   use,   manufacture,
distribution, dispensation or sale of illegal drugs while on or off duty.

                                      -6-
<PAGE>

                  (ix)  Any act or  omission,  whether  or not  included  in the
foregoing,  that a court of competent jurisdiction would determine to constitute
cause for termination.

Existence of Cause shall be conclusively  determined for all purposes  hereunder
by the President of the Company.  Such advice and consultation shall be utilized
as such officer regards as  appropriate,  and no obligation or duty with respect
to any  procedure  or  formality  is created by this  Agreement.  If the Company
terminates  this  Agreement for Cause under this Section 9(c), the Company shall
not be obligated to make any further  payments under this  Agreement  except for
the Accrued Obligations.

         (d) Except as set forth in Section 10, your coverage under the benefits
program provided by the Company will cease effective on your  termination  date.
You will be entitled to elect  continuation  of your medical and dental benefits
at  the  same  cost  the  Company  pays,  pursuant  to  the  provisions  of  the
Consolidated Omnibus Budget Reconciliation Act ("COBRA"). Details with regard to
COBRA  continuation  coverage  will  be  provided  to  you  shortly  after  your
termination date.

         (e) Except as set forth in Section 10,  life  insurance  coverage  will
cease upon your termination  date. You may,  however,  apply to General American
Life  Insurance  Company (or such other  insurance  company as may provide group
life  insurance  to the  Company's  employees  at the  time)  for an  individual
converted life policy,  with such  application  and payment of the first premium
required to be accomplished  within 31 days after your termination date. Details
regarding  this  conversion  option will be  provided to you shortly  after your
termination date.

         (f)  Accidental  death  and  dismemberment  and  long  term  disability
coverages cease with your termination date and may not be extended or converted.

         10. TERMINATION UPON A CHANGE OF CONTROL.

         (a) In the event a Change of Control (as  defined  below)  occurs,  and
within 24 months  after such Change of  Control:  (i) your  employment  with the
Company is  terminated  by you  pursuant  to a  Termination  for Good Reason (as
defined  below);  or (ii) your  employment with the Company is terminated by the
Company for any reason  other than death,  disability  or for Cause  pursuant to
Sections  9(a),  (b) or (c);  or (iii) this  Agreement  is not  renewed due to a
Termination  Notice  given by the  Company,  as provided in Section  1(a),  (the
events under clauses (i), (ii) and (iii) herein collectively called a "Change of
Control  Termination"),  you shall be  entitled  to  receive  the  payments  and
benefits set forth in Section 10(e) and (f) below,  which  payments and benefits
shall be in substitution  for, and not in addition to, the payments and benefits
otherwise  payable under Section 2(a) or 2(b) of this  Agreement in the event of
termination.  Your right to receive such payments and  benefits,  other than the
Accrued  Obligations,  shall be in  consideration  of your agreements under this
Agreement,  including but not limited to your  agreement not to compete with the
Company for two years after a Change of Control pursuant to Section 6, and shall
be  conditioned  upon  your  execution  of a  Release.  Such  Release  shall  be
substantially  in the form of Exhibit A but may be modified by the Company as it
deems  appropriate to reflect changes in law or circumstances  arising after the
date of this Agreement; provided that no such modification shall increase any of
your  obligations  to the Company  over those  contemplated  by this  Agreement,
including Exhibit A hereto.

                                      -7-
<PAGE>

         (b) For  purposes  of the  Agreement,  a "Change of  Control"  shall be
deemed to have occurred if: (i) any person (as defined in Section 3(a)(9) of the
Securities  Exchange Act of 1934, as amended (the "Exchange Act") and as used in
Sections 13(d) and 14(d)  thereof)),  excluding the Company,  any subsidiary and
any  employee  benefit  plan  sponsored  or  maintained  by the  Company  or any
subsidiary  (including  any trustee of any such plan  acting in his  capacity as
trustee), but including a "group" as defined in Section 13(d)(3) of the Exchange
Act,  becomes the beneficial  owner (as defined in Rule 13d-3 under the Exchange
Act) of shares of the Company  having at least 30% of the total  number of votes
that  may be cast  for the  election  of  directors  of the  Company;  (ii)  the
shareholders  of  the  Company  shall  approve  any  merger  or  other  business
combination of the Company,  sale of all or  substantially  all of the Company's
assets or combination of the foregoing  transactions  (a  "Transaction"),  other
than  a  Transaction  involving  only  the  Company  and  one  or  more  of  its
subsidiaries,  or a Transaction  immediately following which the shareholders of
the Company immediately prior to the Transaction  continue to have a majority of
the  voting  power in the  resulting  entity  (excluding  for this  purpose  any
shareholder  of the Company owning  directly or indirectly  more than 10% of the
shares of the other company  involved in the  Transaction)  and no person is the
beneficial  owner of at least  30% of the  shares  of the  resulting  entity  as
contemplated  by Section  10(b)(i)  above;  or (iii) within any 24-month  period
beginning  on or after the date  hereof,  the persons who were  directors of the
Company  immediately  before  the  beginning  of  such  period  (the  "Incumbent
Directors") shall cease (for any reason other than death) to constitute at least
a majority of the Board of Directors of the Company or the board of directors of
any successor to the Company,  provided that any director who was not a director
as of the date  hereof  shall be  deemed  to be an  Incumbent  Director  if such
director  was elected to the Board by, or on the  recommendation  of or with the
approval  of,  at  least  two-thirds  of the  directors  who then  qualified  as
Incumbent  Directors  either  actually  or by prior  operation  of this  Section
10(b)(iii),  unless such election,  recommendation or approval was the result of
an actual or threatened  election contest of the type contemplated by Regulation
14a-11 under the Exchange Act or any successor  provision.  Notwithstanding  the
foregoing,  no Change of Control of the Company shall be deemed to have occurred
for  purposes of this  Agreement by reason of any actions or events in which you
participate  in a  capacity  other  than in your  capacity  as an  executive  or
director of the Company.

         (c) For  purposes of the  Agreement,  a  "Termination  for Good Reason"
means a  termination  by you by written  notice  given  within 90 days after the
occurrence of the Good Reason  event.  A notice of  Termination  for Good Reason
shall indicate the specific  termination  provision in Section 10(d) relied upon
and shall set forth in reasonable detail the facts and circumstances  claimed to
provide a basis for  Termination  for Good Reason.  Your failure to set forth in
such notice any facts or  circumstances  that  contribute to the showing of Good
Reason  shall  not waive  any of your  rights  hereunder  or  preclude  you from
asserting  such fact or  circumstance  in enforcing your rights  hereunder.  The
notice of  Termination  for Good Reason shall provide for a date of  termination
not less than 10 nor more than 60 days after the date such Notice of Termination
for Good Reason is given.

         (d) For  purposes  of the  Agreement,  "Good  Reason"  shall  mean  the
occurrence,  without  your  express  written  consent,  of any of the  following
circumstances,  unless such  circumstances are fully corrected prior to the date
of  termination  specified  in the  notice  of  Termination  for Good  Reason as
contemplated  in  Section  10(c)  above:  (i) any  material  diminution  of your
positions,  duties

                                      -8-
<PAGE>

or  responsibilities  hereunder  (except  in each  case in  connection  with the
termination  of your  employment  for Cause  pursuant to Section  9(c) or due to
disability or death  pursuant to Section 9(a) or 9(b) or temporarily as a result
of your  illness  or other  absence),  or the  assignment  to you of  duties  or
responsibilities that are inconsistent with your position under the Agreement at
the time of a Change of Control;  (ii) your removal from, or your  nonreelection
to, the officer  positions with the Company  specified in this Agreement;  (iii)
relocation of the Company's  principal executive offices to a location more than
25 miles from its location at the time of the Change of Control; (iv) failure by
the Company,  after a Change of Control, (A) to continue any bonus plan, program
or arrangement in which you are entitled to participate immediately prior to the
Change of Control (the "Bonus Plans"), provided that any such Bonus Plans may be
modified  at the  Company's  discretion  from  time to time but  shall be deemed
terminated  if (x) any such plan does not  remain  substantially  in the form in
effect  prior  to  such  modification  and  (y)  if  plans  providing  you  with
substantially   similar  benefits  are  not  substituted  therefor  ("Substitute
Plans"),  or (B) to  continue  you as a  participant  in  the  Bonus  Plans  and
Substitute  Plans on at least the same basis as to potential amount of the bonus
and substantially  the same level of criteria for  achievability  thereof as you
participated  in  immediately  prior to any change in such  plans or awards,  in
accordance  with the Bonus  Plans and the  Substitute  Plans;  (v) any  material
breach by the Company of any  provisions of this  Agreement;  or (vi) failure of
any successor to the Company to promptly  acknowledge in writing the obligations
of the Company hereunder.

         (e) Upon a Change of Control Termination, as provided in Section 10(a),
the Company shall pay or provide you the following payments and benefits:

                  (i) The Company shall pay to you the Accrued  Obligations in a
lump sum within five business days after the date of termination.

                  (ii) The Company shall pay to you as severance  pay, not later
than the tenth day  following  the date of your  execution  and  delivery of the
Release required pursuant to Section 10(a) of this Agreement:

                           (A) a lump  sum  payment  in an  amount  equal to two
years of your Base  Salary;and

                           (B) a lump sum payment  in an amount  equal to two of
your annual  incentive  bonuses,  such payment to be equal to the greater of (i)
the amount of all incentive  bonuses paid to you with respect to each of the two
most recently  completed  fiscal years of the Company for which a bonus has been
paid or (ii) the  incentive  bonus paid to you with respect to the most recently
completed  fiscal  year of the  Company  for which a bonus has been paid plus an
amount equal to your Target Bonus (as hereinafter defined);  provided,  however,
that if you have been  employed  by the  Company  for less than two years,  such
payment shall be equal to the greater of (x) the amount of the  incentive  bonus
paid to you with  respect  to the most  recently  completed  fiscal  year of the
Company for which a bonus has been paid plus your Target Bonus or (y) the amount
of your Target Bonus  multiplied by two. The term "Target  Bonus" shall mean the
incentive  bonus that would have been payable for the fiscal year that  includes
the date on which your employment  terminates  under the incentive bonus program
in effect as of the date of the Change of  Control,  assuming  that you had been
entitled  to receive an amount in respect of such bonus  based  solely  upon the
target  percentage

                                      -9-
<PAGE>

applicable to employees in the same employment grade as you and your Base Salary
as of the date of termination (or if greater, your Base Salary as of the date on
which  occurred an event  giving rise to a Change of Control  Termination),  and
without regard to actual performance.

                  (iii) The Company shall continue the  participation of you and
your  dependents  for a period of two years after the date of termination in all
health,  medical  and  accident,  life and other  welfare  plans (as  defined in
Section 3(l) of ERISA), in which you were participating immediately prior to the
date of termination, except for any disability plans; provided, however, that to
the extent the Company's  plans do not permit such  continued  participation  or
such  participation  would  have an  adverse  tax impact on such plans or on the
other  participants in such plans,  the Company may instead  provide  materially
equivalent benefits to you outside of such plans; provided,  further, that under
such  circumstances,  (i)  medical  insurance  benefits  may be  provided by the
Company paying any COBRA premiums (COBRA coverage,  in any event, to be measured
from the date of termination of employment) and (ii) if the Company is unable to
continue your life insurance coverage, the Company shall pay you an amount equal
to twice the premium paid during the year prior to termination or if you convert
the  insurance to an  individual  policy,  the Company shall pay the premium for
such  insurance  for two  years.  You shall  complete  such  forms and take such
physical  examinations as reasonably requested by the Company. To the extent you
incur any tax  obligation  as a result of the  provisions  of this Section 10(e)
that you would not have  incurred if you remained an employee of the Company and
had continued to  participate  in the benefit plans as an employee,  the Company
shall pay to you,  at the time the tax is due, an amount to cover such taxes and
the taxes on the amount paid to cover such taxes.

                  (iv) All outstanding stock options and restricted stock awards
that have been granted to you by the Company at any time but have not yet vested
and  upon  which  vesting  depends  solely  upon  the  passage  of  time,  shall
immediately vest or become nonforfeitable,  as the case may be. In the event the
foregoing sentence becomes applicable,  the Company agrees to cause the Board of
Directors to take all steps necessary to implement the foregoing sentence.

                  (v) All amounts  payable to you upon a Change of Control under
the Company's  Supplemental  Executive Retirement Plan and Deferred Compensation
Plan  shall  be paid to you in  accordance  with the  respective  terms of those
plans.

                  (vi) The  Company,  at its  expense,  shall  provide  you with
outplacement  services  at a level  appropriate  for the most  senior  executive
employees  through an outplacement firm of your choice for a period of up to one
year after the date of the Change of Control Termination.

          (f)  (i)  In  the  event  that  any   payment,   coverage  or  benefit
(collectively,  the  "Covered  Benefits")  provided  to you by the Company or an
Affiliate  (as  defined  below) is or becomes  subject to the excise tax imposed
under  Section 4999 or any successor  provision of the Internal  Revenue Code of
1986, as amended (the "Code"),  or you incur  interest or penalties with respect
to that excise tax (that excise tax,  together with any interest and  penalties,
are hereinafter collectively referred to as the "Excise Tax"), the Company shall
pay you an additional amount (a "Gross-Up Bonus") at the time or times specified
in Section 10(f)(iii)(z) below. The amount of the Gross-Up Bonus shall equal the
quotient  determined by dividing (x) the Excise Tax  attributable to the Covered
Benefits

                                      -10-
<PAGE>

by (y) one minus the highest  marginal income tax rate,  where the term "highest
marginal income tax rate" means the sum of the highest combined local, state and
federal personal income tax rates (including any state unemployment compensation
tax rate,  any surtax rate as well as the Medicare  hospital  insurance tax rate
imposed on employees under the Federal Insurance Contributions Act) as in effect
for the  calendar  year to which the  Excise  Tax  attributable  to the  Covered
Benefits relates,  provided that in determining the highest tax rate for federal
purposes both the  deductibility  of state and local income tax payments and the
reduction  in the  deductibility  of  itemized  deductions  shall be taken  into
account;  it being the  intention of the parties  hereto that your net after tax
position  (after  taking into  account any  interest or  penalties  imposed with
respect  to  such  taxes)  upon  receipt  of the  Covered  Benefits  is no  less
advantageous  to you than the net  after  tax  position  you  would  have had if
Section 4999 of the Code had not been  applicable  to any portion of the Covered
Benefits.

                  (ii) All  determinations  to be made under this Section 10(f),
including the  determination  of whether an Excise Tax is payable and the amount
thereof,   shall  be  made  by  a  law  firm  practicing  in  the  Philadelphia,
Pennsylvania  metropolitan area that is knowledgeable in tax law matters,  which
firm shall be selected and paid for by the Company and acceptable to you. If tax
counsel's  determinations  are not  finally  accepted  by the  Internal  Revenue
Service  upon audit,  then  appropriate  adjustments  shall be computed  (with a
Gross-Up  Bonus,  if applicable) by that tax counsel based upon the final amount
of the Excise Tax so determined.

                  (iii) For purposes of this Section 10(f):

                           (x)   An  "Affiliate"  shall  mean any  successor  to
the  Company,   any  member  of  an  affiliated   group  including  the  Company
(determining  using the  definition  in Section  1504 of the Code) or any entity
that becomes a member of such an affiliated group as a result of the transaction
causing the Change of Control.

                           (y)   When  determining  the amount  of the  Gross-Up
Bonus,  you will be deemed to have otherwise  allowable  deductions for federal,
state and local tax purposes at least equal to those  disallowed  because of the
inclusion of the Gross-Up Bonus in your adjusted gross income.

                           (z)   The portion of the Gross-Up Bonus  attributable
to a Covered  Benefit shall be paid to you within 10 business days following the
provision to you of the Covered Benefit.  In the event that the amount of Excise
Tax due exceeds the amount of Excise Tax determined by tax counsel,  the Company
shall pay you an additional Gross-Up Bonus in respect of that excess at the time
that the amount of the excess is  determined  under  Section  10(f)(ii).  In the
event  the  amount  of Excise  Tax due is less  than the  amount  of Excise  Tax
determined  by tax  counsel,  you shall  repay the  Company  the  portion of the
Gross-Up Bonus attributable thereto at the time that the amount of the reduction
in Excise Tax is determined under Section 10(f)(ii);  provided, however, that if
any  portion of the amount  you must repay to the  Company  has been paid to any
federal,  state or local tax authority,  your repayment of that portion shall be
postponed until the tax authority has actually  refunded or credited that amount
to you.

         (g) Upon the occurrence of a Change of Control, if the Company fails to
perform any of its obligations  under this Agreement or the Company or any other
person  asserts the  invalidity of

                                      -11-
<PAGE>

any  provision  of this  Agreement  and you  incur  any  costs  in  successfully
enforcing or defending any of the provisions of this Agreement,  including legal
fees and expenses and court costs,  the Company shall reimburse you for all such
costs incurred by you.

         11.  ENTIRE  AGREEMENT;  MODIFICATION.  This  Agreement,  together with
Exhibit A hereto and all  rights to which you are  entitled  under all  employee
benefit  plans in  which  you  participate,  constitutes  the full and  complete
understanding   of  the  parties,   and  supersedes  all  prior  agreements  and
understandings,  oral or written,  between the parties, except for the Agreement
Relating to Intellectual Property and Confidential Information dated May 2, 1989
between you and the Company ("Confidentiality  Agreement");  provided,  however,
that if the terms of any of such employee  benefit plan or such  Confidentiality
Agreement  shall be  inconsistent  with the  provisions of this  Agreement,  the
provisions of this Agreement  shall control.  This Agreement may not be modified
or amended  except by an instrument in writing signed by the party against which
enforcement  thereof may be sought.  Each party to this Agreement,  acknowledges
that no representations,  inducements,  promises or agreements, oral or written,
have been made by either party or anyone acting on behalf of either party, which
are not embodied  herein and that no other  agreement,  statement or promise not
set forth or referred to in this Agreement shall be valid or binding.

         12.  SEVERABILITY.  Any term or  provision of this  Agreement  which is
invalid or unenforceable in any jurisdiction shall, as to such jurisdiction,  be
ineffective  to the  extent  of  such  invalidity  or  unenforceability  without
rendering  invalid or  unenforceable  the remaining terms and provisions of this
Agreement or affecting  the  validity or  enforceability  of any of the terms or
provisions of this Agreement in any other jurisdiction.

         13.  WAIVER OF BREACH.  The  waiver by either  party of a breach of any
provision of this Agreement  shall not operate as or be construed as a waiver of
any subsequent breach.

         14. NO MITIGATION  REQUIRED.  Upon a termination of your  employment by
the Company  without Cause  pursuant to Section 2(b) or upon a Change of Control
pursuant to Section 10, you shall have no  obligation  to seek other  employment
but shall not be prohibited  from doing so, and no  compensation  paid to you as
the result of any other  employment shall reduce any payment required to be made
by the Company hereunder.

         15.  NOTICES.  All notices  hereunder  shall be in writing and shall be
sent by express mail or by certified or registered mail, postage prepaid, return
receipt  requested:  if to you,  to your  residence  as listed in the  Company's
records;  and if to the  Company,  to the address set forth above with copies to
the President.

         16. ASSIGNABILITY; BINDING EFFECT. This Agreement shall not be assigned
by either party, except that it may be assigned by the Company to an acquirer of
all or substantially  all of the assets of the Company or other successor to the
Company,  subject to your rights arising from a change of control as provided in
Section 10.  This  Agreement  shall be binding  upon and inure to the benefit of
you, your legal  representatives,  heirs and distributees,  and shall be binding
upon and inure to the benefit of the Company, its successors and assigns.

                                      -12-
<PAGE>

         17. NONDISPARAGEMENT.  You agree not to publicly or privately disparage
the  Company,  its  personnel,  products  or  services  either  during  or  upon
termination of your employment with the Company.

         18.  SURVIVAL.  All of the  provisions of this  Agreement that by their
terms are to be performed or that otherwise are to endure after the  termination
of  your  employment  by the  Company  shall  survive  the  termination  of your
employment  and shall  continue  in effect for the  respective  periods  therein
provided or contemplated.

         19.   GOVERNING   LAW.  All  questions   pertaining  to  the  validity,
construction, execution and performance of this Agreement shall be construed and
governed  in  accordance  with the  laws of the  Commonwealth  of  Pennsylvania,
without giving effect to the conflicts or choice of law provisions thereof.

         20.  HEADINGS.  The headings of this Agreement are intended  solely for
convenience  of reference  and shall be given no effect in the  construction  or
interpretation of this Agreement.

         21.   COUNTERPARTS.   This   Agreement   may  be  executed  in  several
counterparts,  each of which shall be deemed to be an original  but all of which
together shall constitute one and the same instrument.

         If this Agreement  correctly sets forth our understanding,  please sign
the duplicate original in the space provided below and return it to the Company,
whereupon this shall  constitute the  employment  agreement  between you and the
Company effective and for the term as stated herein.

                                C&D TECHNOLOGIES, INC.

                                By:/s/ Wade H. Roberts, Jr.
                                   -----------------------------

                                Title: President and CEO

Agreed as of the date first above written:

/s/ Stephen E. Markert, Jr.
-----------------------------
 Stephen E. Markert, Jr.

                                      -13-

<PAGE>

                                    EXHIBIT A

                                     RELEASE

         This  Release  is made this _____ day of  _______________,  ____ by and
between C&D Technologies, Inc. ("Employer") and _________________ ("Employee").

                                    RECITALS:

         WHEREAS,  the  parties  are  parties to an  Employment  Agreement  (the
"Employment  Agreement")  dated  __________,  pursuant  to  which  Employee  was
employed by Employer; and

         WHEREAS, the Employment Agreement has terminated; and

         WHEREAS,  your execution and delivery of this Release is a condition to
the Employer's obligations to pay certain compensation and benefits to you under
the Employment Agreement;

         NOW THEREFORE,  the parties  hereto,  intending to be legally bound, in
consideration  of the mutual  promises and  undertakings  set forth  herein,  do
hereby agree as follows:

         1.  As  of  _____________________,  ____,  Employee's  employment  with
Employer   shall   terminate,   and   Employee   shall  have  no   further   job
responsibilities to perform for Employer; provided, however, that Employee shall
cooperate  with Employer in  transitioning  Employee's job  responsibilities  as
Employer shall reasonably  request,  provided that Employee shall be entitled to
receive  reasonable  compensation for any services  rendered after such date and
shall  not be  obligated  to take  any  action  that  would  interfere  with any
subsequent  employment of Employee or otherwise  result in economic  hardship to
Employee.

         2. Employer shall pay to the Employee the amounts contemplated pursuant
to Section __ of the Employment Agreement, less applicable deductions;  provided
however, the first payment shall not be due and payable until ten days after the
execution by Employee and delivery to Employer of this Release.

         3. For and in consideration of the monies and benefits paid to Employee
by Employer,  as more fully described in Section 2 above, and for other good and
valuable consideration,  Employee hereby waives, releases and forever discharges
Employer, its assigns,  predecessors,  successors,  and affiliated entities, and
its current or former stockholders, officers, directors, administrators, agents,
servants and employees,  individually  and as  representatives  of the corporate
entity (hereinafter  collectively referred to as "Releasees"),  from any and all
claims,  suits, debts, dues, accounts,  reckonings,  bonds, bills,  specialties,
covenants,  contracts, bonuses,  controversies,  agreements,  promises, charges,
complaints,  damages,  sums of money,  interest,  attorney's  fees and costs, or
causes  of action of any kind or nature  whatsoever  whether  in law or  equity,
including,  but not limited to, all claims arising out of his/her  employment or
termination  of  employment  with  Employer,  such as

                                      A-1
<PAGE>

all  claims  for  wrongful  discharge,  breach of  contract,  either  express or
implied,    interference    with   contract,    emotional    distress,    fraud,
misrepresentation,  defamation,  claims  arising  under the Civil Rights Acts of
1964  and  1991  as  amended,  the  Americans  With  Disabilities  Act,  the Age
Discrimination  in Employment Act (ADEA),  the National Labor Relations Act, the
Fair Labor  Standards Act, the Employee  Retirement  Income Security Act of 1974
(ERISA), the Family and Medical Leave Act, the Pennsylvania Human Relations Act,
the Pennsylvania  Wage Payment & Collection Law, the  Pennsylvania  Minimum Wage
Act of 1968,  the  Pennsylvania  Equal  Pay Law,  and any and all  other  claims
arising  under  federal,  state or local law,  rule,  regulation,  constitution,
ordinance or public policy whether known or unknown, arising up to and including
the date of execution of this Release; provided, however that the parties do not
release each other from any claim of breach of the terms of this  Release.  This
release  of rights  does not extend to claims  that may arise  after the date of
this  Release.  Employee  agrees that  Employee  will not initiate any charge or
complaint or  institute  any claim or lawsuit  against  Releasees or any of them
based on any fact or circumstance  occurring up to and including the date of the
execution by Employee of this Release.

         4  Employee  agrees  that the  payments  made and  other  consideration
received  pursuant to this  Release are not to be  construed  as an admission of
legal  liability  by Releasees or any of them and that no person or entity shall
utilize this Release or the  consideration  received pursuant to this Release as
evidence of any admission of liability since Releasees expressly deny liability.

         5 Employee affirms that the only  consideration for the signing of this
Release are the terms stated herein and in the Employment  Agreement and that no
other  promise or  agreement of any kind has been made to Employee by any person
or entity whatsoever to cause Employee to sign this Release.

         6 Employee and Employer  affirm that the Employment  Agreement and this
Release set forth the entire  agreement  between the parties with respect to the
subject  matter  contained  herein and  supersede  all prior or  contemporaneous
agreements  or  understandings  between the parties  with respect to the subject
matter contained herein. Further, there are no representations,  arrangements or
understandings, either oral or written, between the parties, which are not fully
expressed herein.  Finally,  no alteration or other modification of this Release
shall be effective unless made in writing and signed by both parties.

         7 Employee  acknowledges  that  Employee has been  given a period of at
least 21 days within which to consider this Release.

         8 Following the execution of this Release, the Employee has a period of
7 days from the date of execution to revoke this Release, and this Release shall
not become effective or enforceable until the revocation period has expired.

         9 Employee  certifies  that Employee has returned to Employer all keys,
identification  cards, credit cards,  computer and telephone equipment and other
property or  information  of  Employer in  Employee's  possession,  custody,  or
control including, but not limited to, any information contained in any computer
files  maintained  by  Employee  during  Employee's  employment  with  Employer.
Employee  certifies  that  Employee has not kept the  originals or copies

                                      A-2
<PAGE>

of any documents,  files, or other property of Employer which Employee  obtained
or received during Employee's employment with Employer.

         10 Employee acknowledges that Employer advised Employee to consult with
an attorney prior to executing this Release.

         11 Employee affirms that Employee has carefully read this Release, that
Employee  fully  understands  the  meaning  and  intent of this  document,  that
Employee has signed this Release  voluntarily  and knowingly,  and that Employee
intends  to be  bound  by  the  promises  contained  in  this  Release  for  the
consideration described in Section 2 above.

         IN WITNESS  WHEREOF,  Employee  and the  authorized  representative  of
Employer have executed this Release on the dates indicated below:

                                                   C&D TECHNOLOGIES, INC.

Dated:_____________________               By:______________________________

                                          Title:__________________________

Dated:_____________________               ______________________________
                                                   Stephen E. Markert, Jr.

                                      A-3
<PAGE>

                                   ENDORSEMENT

         I,  ___________________________________,  hereby acknowledge that I was
given 21 days to consider the foregoing  Release and  voluntarily  chose to sign
the Release prior to the expiration of the 21-day period.

         I declare under  penalty of perjury under the laws of the  Commonwealth
of Pennsylvania that the foregoing is true and correct.

         EXECUTED    this   ________   day   of    ______________,    ____,   at
_______________________________________, Pennsylvania.

                                           ---------------------------------
                                           Stephen E. Markert, Jr.

                                      A-4

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