Document:

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                                                                   Exhibit 10.69

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") is entered into as of
October 11, 2000, between Kellstrom Industries, Inc., a Delaware corporation,
having its principal place of business at 1100 International Parkway, Sunrise,
FL 33323 (the "Company"), and D. Scott Kalister, an individual residing at 1163
N. Linden Circle, Wichita, KS (the "Employee").

                                    RECITALS

         The Company desires to employ the Employee and the Employee desires to
accept such employment, on the terms and conditions set forth herein.

                               TERMS OF AGREEMENT

         In consideration of the above recitals and the mutual promises herein
contained, the Company and the Employee hereby agree as follows:

         1. DEFINITIONS.

                  (a) The "Board" shall mean the Board of Directors of the
Company.

                  (b) "Change of Control" shall mean (i) any transaction that
has the result that shareholders of the Company immediately before such
transaction cease to own at least 51% of (x) the voting stock of the Company or
(y) of any entity that results from the participation of the Company in a
reorganization, liquidation or any other form of corporate transaction; (ii) a
merger, consolidation, reorganization, liquidation or dissolution in which the
Company does not survive; or (iii) a sale, lease, exchange or other disposition
of all or substantilly all the property and assets of the Company.

                  (c) The "Company Target" shall mean, with respect to any
period, the target net income of the Company for such period as determined in
the sole discretion of the Board (or the Executive Committee), PROVIDED, HOWEVER
that the Company Target for the fiscal year ended December 31, 2000 shall be
$7,000,000.

                  (d) The "Effective Date" shall mean November 6, 2000.

                  (e) The "Employment Period" shall mean the period commencing
on the Effective Date and continuing until the fifth year anniversary of the
Effective Date, unless earlier terminated in accordance with the terms of this
Agreement.

                  (f) The "Executive Committee" shall mean the Executive
Committee of the Board of Directors of the Company.

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                  (g) "GAAP" shall mean generally accepted accounting principles
in the United States as in effect from time to time.

                  (h) "Net Income" shall mean, with respect to any period,
actual net income for such period as determined by the Company in its sole
discretion in accordance with GAAP.

         2. EMPLOYMENT PERIOD. The Company hereby agrees to employ the Employee,
and the Employee hereby agrees to be employed by the Company, for the duration
of the Employment Period and pursuant to the other terms and conditions provided
herein. This Agreement shall terminate at the end of the Employment Period,
unless earlier terminated under Section 5 below.

         3. TERMS OF EMPLOYMENT.

                  (a) POSITION AND DUTIES. During the Employment Period the
Employee shall serve as Chief Operating Officer of the Company. The Employee
shall perform such duties as the Board or the Chief Executive Officer or other
senior officers of the Company shall from time to time determine. In the
performance of his duties, the Employee shall comply with the stated policies of
the Company.

                  (b) LOCATION. The principal place of employment of the
Employee shall be the principal offices of the Company.

                  (c) COMPENSATION.

                           (1) BASE SALARY. The Employee's annual salary (the
"Salary") shall be at the rate of $300,000 per annum for the duration of the
Employee's employment hereunder. The Salary shall be paid in regular intervals
in accordance with the Company's payroll practices.

                           (2) COMPANY BONUS. Subject to subsection (F) below,
for each calendar year during the Employment Period commencing with the year
ending December 31, 2000, at the end of which year the Employee is employed by
the Company, the Employee shall be eligible to be paid a bonus, which shall be
computed based upon the Company's Net Income as compared to the Company Target
for such year (the "Company Bonus"). The Company Bonus, if any, payable on
account of any calendar year shall be computed as follows:

                                    (A) if the Net Income of the Company for
such year is an amount equal to the Company Target for such year, the Employee
shall be entitled to a Company Bonus in the amount of $200,000.

                                    (B) if the Net Income of the Company for
such year is more than the Company Target and less than 125% of the Company
Target, the Employee shall be entitled to a Company Bonus as calculated below:

                  CB =  $200,000 + [$200,000 x 2 X (NI - CT)]
                                               --------------
                                                     CT

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                  where:
                  CB =   the Company Bonus earned in such year.
                  CT =   the Company Target for such year.
                  NI =   the Net Income of the Company for such year.

                                    (C) If the Net Income of the Company for
such year is equal to or greater than 125% of the Company Target, the Employee
shall be entitled to a Company Bonus in the amount of $300,000.

                                    (D) If the Net Income of the Company for
such year is greater than 75% of the Company Target but less than the Company
Target, the Employee shall be entitled to a Company Bonus as calculated below:

                  CB =   $200,000 - [$200,000 x 4 X (CT -NI)]
                                                ------------
                                                     CT

                  where:
                  CB =  the Company Bonus earned in such year.
                  CT =  the Company Target for such year.
                  NI =  the Net Income of the Company for such year.

                                    (E) If the Net Income of the Company for
such year is equal to or less than 75% of the Company Target, the Employee shall
not be entitled to a Company Bonus.

                                    (F) For any calendar year regarding which
the Employee is entitled to a bonus under the foregoing provisions of this
subsection (2) but during which year the Employee did not work the entire
calendar year, unless otherwise provided herein, the Employee shall be entitled
to a bonus equal to the product of the bonus, as calculated under the foregoing
provisions, multiplied by a fraction, the numerator of which is the number of
months during such calendar year that the Employee was employed by the Company
and the denominator of which is twelve.

                           (3) SIGNING BONUS. The Employee shall be entitled to
a bonus of $50,000 (less 20% for estimated payroll and withholding taxes)
payable upon the execution of this Agreement by both parties. Any amounts which
shall have been paid to the Employee prior to the Effective Date pursuant to the
previous sentence shall be immediately repaid to the Company by the Employee in
the event that the Employee fails for any reason (other than the willful
misconduct of the Company) to commence employment for the Company on the
Effective Date in accordance with the terms and conditions of this Agreement.

                           (4) WITHHOLDING, ETC. The payment of any Salary and
bonus to the Employee shall be subject to all applicable withholding and payroll
taxes, and such other deductions as may be required under the Company's employee
benefit plans.

                  (d) STOCK OPTIONS. On the Effective Date, the Company shall
cause to be granted to the Employee a non-qualified stock option to purchase
180,000 shares of the common

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stock, $.001 par value per share, of the Company (the "Common Stock"), at an
exercise price per share equal to the fair market value of the Common Stock on
the date of the grant, pursuant to an option agreement to be executed by the
Company and the Employee. Such option shall vest in three equal installments of
60,000 shares on the first, second and third yearly anniversaries of the
Effective Date.

                  (e) BENEFITS. In addition to the compensation payable to the
Employee as set forth in Section 3(c) above, during the Employment Period the
Employee shall be eligible for similar incentive, stock option grants, savings,
welfare (including without limitation medical and dental insurance) plans,
practices, policies and programs applicable on or after the Effective Date to
other employees of the Company as determined in the discretion of the Board (or
the Executive Committee).

                  (f) VACATION. During the Employment Period, the Employee shall
be entitled to paid vacation in accordance with the policies and practices
applicable on or after the Effective Date to other employees of the Company,
PROVIDED that the Employee shall be entitled to a minimum of three (3) weeks of
paid vacation per full calendar year (pro rated if the Employee serves for less
than the full calendar year). Vacation accrued but unused at the end of a
calendar year may be carried over into the following calendar year or years,
PROVIDED that unused vacation days shall be accrued up to a maximum of six
weeks.

                  (g) HOLIDAYS AND SICK LEAVE. The Employee shall be entitled to
all holidays that are prescribed by the Company's policies and practices. The
Employee shall be entitled to six (6) days paid sick leave per year (pro rated
if the Employee serves for less than the full calendar year). Unused sick leave
days may be carried over to the following calendar year or years up to a maximum
of six weeks.

                  (h) AUTOMOBILE. During the Employment Period, the Company
shall make available to the Employee an automobile, or shall provide to the
Employee an allowance for an automobile, in either case of a type or in the
amount, as applicable, to be determined in the sole discretion of the Board (or
the Executive Committee) for use by the Employee in connection with the
performance of his duties hereunder. The Company shall pay or reimburse the
Employee for all reasonable, documented expenses of insurance, maintenance and
operation of such automobile.

                  (i) EXPENSES. The Company shall pay or reimburse the Employee
for reasonable expenses incurred or paid by him during the Employment Period in
the performance of his services under this Agreement upon presentation of
expense statements or such other supporting information as may be required for
other employees of the Company in accordance with the Company's policy.

                  (j) LOAN. Upon the Employee's delivery to the Company of a
fully-executed purchase and sale agreement for a residential dwelling in Dade,
Broward or Palm Beach Counties, Florida ("Residential Contract") and evidence
that all deposits required thereunder have been paid, the Company agrees to make
a loan to the Employee for the sum of $200,000 (the "Loan"), which Loan shall be
evidenced by a Promissory Note, in form and substance

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satisfactory to the Company, to be executed by the Employee. On the day prior to
the closing of a Residential Contract (the "Closing"), the Company shall deliver
the proceeds of the Loan, by wire transfer or cashier's check, to the party
specified in written instructions from the Employee. In the event that the
Closing does not occur for any reason whatsoever, the Employee shall return the
proceeds of the Loan to the Company within three business days. The Loan shall
accrue interest at the applicable Federal rate in effect on the Effective Date
under ss.1274 of the Internal Revenue Code of the United States, as amended. At
the end of each of the first, second, third, fourth and fifth yearly
anniversaries of the Effective Date, PROVIDED that the Employee is then employed
by the Company, $40,000.00 of the Loan shall be forgiven, together with any
interest on the Loan which shall have accrued during such year, and the Company
shall reimburse the Employee for any Federal, state and/or local income taxes
paid or payable by the Employee on account of such forgiveness. Any such amounts
payable by the Company shall be paid at the same time as the Bonus for such
year, if any, payable pursuant to Section 3(c)(2) hereunder. In the event of the
termination of this Agreement at any time prior to the end of the Employment
Period (other than an involuntary termination pursuant to Section 5(d)
hereunder), the full principal amount of the Loan then outstanding, together
with all accrued interest thereon, shall be immediately due and payable.

         4. EMPLOYEE'S OBLIGATIONS AND REPRESENTATIONS.

                  (a) During the Employment Period, and excluding any periods of
vacation and sick leave to which the Employee is entitled, the Employee agrees
to devote substantially all of his attention and time during normal business
hours to the business and affairs of the Company and to perform faithfully and
efficiently the responsibilities assigned to the Employee by the Company.

                  (b) The Employee represents and warrants to the Company that
there are no agreements or arrangements, whether written or oral, in effect
which would prevent the Employee from rendering the service required of him
hereunder to the Company during the Employment Period. The Employee further
represents, warrants and agrees with the Company that as of the Effective Date
he has not made and will not make during the Employment Period any commitment or
do any act in conflict with this Agreement, or take any action that might divert
from the Company any opportunity which would be in the scope of any present or
future business of the Company or any subsidiary thereof.

         5. TERMINATION.

                  (a) DEATH. This Agreement shall terminate automatically upon
the Employee's death. If the Employee's employment is terminated by reason of
the Employee's death, the Company shall have no further obligations to the
Employee's legal representatives under this Agreement, other than those
obligations accrued, earned or vested by the Employee as of the date of his
death.

                  (b) DISABILITY. If the Company determines in good faith that
the Employee has a "disability" (as defined below), it may give the Employee
written notice of its intention to terminate the Employee's employment. In such
event, the Employee's employment with the

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Company shall terminate effective on the 60th day after receipt by the Employee
of such notice. No such notice of termination by reason of disability shall be
given until the Employee has experienced a period of three (3) consecutive
months of disability and the disability is continuing. The notice of termination
shall not be effective if the Employee returns to full-time performance of his
duties prior to the expiration of the 60 day notice period. For purposes of this
Agreement, "disability" shall mean a physical or mental condition which, two
months after its commencement, is determined by a physician selected by the
Company to be a total and permanent condition which substantially prevents the
Employee from performing the services to be provided by him hereunder. The
Employee shall be entitled to all compensation and benefits provided for under
this Agreement during the two month waiting period for the disability
determination and during the 60 day notice of termination period. In the event
that the Company provides long-term disability benefits for the Employee, such
benefits shall not commence until after the employment of the Employee has been
terminated and the Company has ceased paying the Employee compensation pursuant
to the foregoing sentence. If the Employee's employment is terminated by reason
of the Employee's disability, this Agreement shall terminate without further
obligations to the Employee or the Employee's legal representatives under this
Agreement, other than those obligations accrued, earned or vested by the
Employee as of the date of the termination.

                  (c) CAUSE. During the Employment Period, the Company may
terminate the Employee's employment for cause, as determined by the Board (or
the Executive Committee) and as defined below. For purposes of this Agreement,
"cause" shall mean:

                           (i) an act or acts of fraud, embezzlement or any
other act by the Employee that would constitute a felony under the laws of the
State of Florida;

                           (ii) repeated violations by the Employee of his
obligations under Section 4(a) of this Agreement or a breach by the Employee of
his representations or obligations under any of Sections 3(a), 4(b), 7, 8 or 9
of this Agreement;

                           (iii) the indictment of the Employee of a crime, if
the Company reasonably believes such indictment would impair the Employee's
ability to perform his services under this Agreement;

                           (iv) willful and gross misconduct by the Employee in
the performance of his duties hereunder; or

                           (v) the commission by the Employee of an act (other
than good faith exercise of business judgment in the exercise of his
responsibilities pursuant to this Agreement) resulting in material damage to the
Company.

If the Employee's employment is terminated for cause, this Agreement shall
terminate without further obligations to the Employee under this Agreement,
other than those obligations accrued, earned or vested by the Employee as of the
date of the termination. The Employee shall not be entitled to any bonus in
respect of the year of termination in the event the Employee's employment is
terminated for cause pursuant to this Section 5(c).

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                  (d) INVOLUNTARY TERMINATION. Notwithstanding anything herein
to the contrary, the Company shall have the right, at any time upon notice to
the Employee, to terminate the Employee's employment. If during the Employment
Period the Company terminates the Employee's employment other than for cause or
disability it shall be deemed to be an involuntary termination and the Company
shall pay to the Employee the following amounts:

                           (i) to the extent not theretofore paid, the Company
shall pay the Employee's Salary through the date of such involuntary termination
and, when calculated, the pro-rated bonus (if any) as set forth in Section
3(c)(2)(F) above, in each case payable as and when such Salary and bonus (if
any) would otherwise have been paid to the Employee;

                           (ii) the Loan shall be forgiven in its entirety; and

                           (iii) (A) if the involuntary termination occurs prior
to the second anniversary of the Effective Date, the Company shall pay in one
cash lump sum an amount equal to twelve (12) months salary as severance pay; or,
in the case of an involuntary termination following the occurrence of a Change
of Control, an amount equal to twelve (12) months salary as severance pay; or
(B) if the involuntary termination occurs on or after the second anniversary of
the Effective Date, the Company shall pay in one cash lump sum an amount equal
to six (6) months salary as severance pay; or, in the case of an involuntary
termination following the occurrence of a Change of Control, an amount equal to
twelve (12) months salary as severance pay.

                  (e) VOLUNTARY TERMINATION. The Employee agrees to provide the
Company with thirty (30) days' written notice prior to voluntarily terminating
his employment. At the end of such 30-day period, this Agreement shall terminate
automatically and the Company shall have no further obligations to the Employee
under this Agreement, other than those obligations accrued, earned or vested by
the Employee as of the date of the termination. The Employee shall not be
entitled to any bonus in respect of the year of termination in the event the
Employee's employment is terminated pursuant to this Section 5(e).

         6. INDEMNIFICATION. If the Employee acted in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of the
Company, and the Employee had no reasonable cause to believe that his conduct
was unlawful or detrimental to the Company, the Company shall indemnify and hold
harmless the Employee and his heirs and legal representatives from and against
any and all claims, losses, liabilities, damages, costs, demands, causes of
action (whether legal, equitable, administrative, civil or criminal), judgments,
settlements (subject to the last sentence of Section 6(b)), fines, court costs
and other expenses of any kind or nature whatsoever, including, without
limitation, attorneys' fees and disbursements (collectively, "Losses"), which
may be threatened against, incurred or suffered by the Employee or his heirs and
legal representatives in connection with, relating to or arising out of,
directly or indirectly, the Employee's performance, duties and responsibilities
to, for and on behalf of, the Company, including, without limitation, (i) the
Agreement and all actions or omissions taken thereunder and (ii) any acts,
omissions or alleged acts or omissions arising out of the Employee's activities
on behalf of the Company or in furtherance of the interests of the Company.

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                  (a) EXCEPTIONS. Notwithstanding anything contained herein or
in the By-Laws of the Company, the Company shall have no obligation to indemnify
the Employee if the Loss incurred by the Employee (i) arises out of an action
brought directly by the Company against the Employee or (ii) arises, directly or
indirectly, as a result of the Employee being terminated for cause (as defined
in Section 5(c)).

                  (b) NOTIFICATION OF CLAIM. Promptly after receipt by the
Company of notice of any claim against the Employee pursuant to which the
Employee is entitled to indemnification, the Company shall have the right to
assume the defense of such claim, including the employment of counsel of its
choice. Although the Employee shall have the right to employ his own counsel,
the fees and expenses of such counsel shall be at the expense of the Employee.
The Company shall not be liable for any settlement of any claim or action
effected without its written consent, PROVIDED that such consent was not
unreasonably withheld.

                  (c) PAYMENT OF INDEMNITY AMOUNTS. The Company agrees to pay
all amounts payable in respect of Losses immediately upon its receipt of a
statement with respect thereto rendered by the Employee, together with
appropriate supporting documentation thereof. It is the express intention of the
parties hereto that all such amounts shall be paid by the Company on or before
the date payment thereof is due, and that the Employee shall not be required at
any time to bear any costs or expenses on account of Losses.

         7. CONFIDENTIALITY.

                  (a) ACKNOWLEDGMENT AND PURPOSES. The Employee acknowledges
that during the Employment Period he will learn, develop and have access to
Confidential Information relating to the business and affairs of the Company and
its affiliates. As used in this Agreement, "Confidential Information" shall mean
any and all trade secrets and other confidential information concerning the
Company and/or its affiliates including, without limitation, information
regarding the operations, future plans, projected and historical sales,
marketing, costs, production, growth and distribution, customer lists, customer
information, information relating to governmental relations and information
relating to products or services of such companies, in each case whether
patentable or not.

         The Company is engaged in a highly competitive business; its
competitive position depends in great measure upon the ability to develop or
acquire and maintain the confidentiality of Confidential Information; and it may
have expended and is likely to continue to expend considerable efforts and
resources in the development or acquisition of Confidential Information. Based
upon the foregoing, the Employee recognizes that the unauthorized disclosure of
Confidential Information in violation of the terms hereof is likely to result in
serious and irrevocable harm to the Company.

                  (b) RESTRICTIONS ON THE USE OF CONFIDENTIAL INFORMATION. The
Employee agrees and covenants as follows:

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                           (i) All documents and other materials made or
compiled by or made available to the Employee prior to the date hereof or at any
time hereafter, including during the Employment Period, by the Company or any of
its affiliates and any copies thereof, whether or not containing Confidential
Information, are and shall be the property of the Company or its affiliates and
shall, at the request of the Company or its affiliates, be delivered to the
Company or by the Employee immediately upon the conclusion of his engagement as
an employee. Except as required in connection with the services to be performed
hereunder, the Employee agrees not to remove from the premises of the Company or
any of its affiliates, without permission, any papers or drawings belonging to
the Company or its affiliates, including those prepared or worked on by him. The
Employee will treat as trade secrets all Confidential Information acquired by
him prior to the date hereof or at any time hereafter, including during the
Employment Period, and shall not at any time use any Confidential Information
for his own benefit nor disclose it or any part of it to any other person, firm
or corporation not connected with the Company or its affiliates (a) without the
prior written consent of the Company, or (b) unless such disclosure is required
by law or in response to a legal order or (c) unless such Confidential
Information has become generally available to the public other than through the
breach the Employee of the terms hereof.

                           (ii) All ideas, reports, and other creative works
conceived by the Employee during the Employment Period and relating to
Confidential Information, shall be disclosed to the Company and shall be the
sole property of the Company.

         8. NON-COMPETITION. The Employee agrees that during the longer of (i)
the Employment Period, and (ii) the period during which the Employee is employed
by the Company, and in either such case, for two (2) years thereafter (or, in
the event of an involuntary termination by the Company pursuant to Section 5(d)
of this Agreement, for one (1) year thereafter) he will not, anywhere in the
world, directly or indirectly, engage or participate or make any financial
investments in or become employed by or render advisory or other services to or
for any person, firm or corporation, or in connection with any business activity
which directly or indirectly is in competition with any of the business
operations or activities of the Company or any of its affiliates as of the date
of termination of his employment, or which shall have been in competition with
the Company or any of its affiliates during any time prior thereto. Nothing
herein contained, however, shall restrict the Employee from making any
investments in any company (but without otherwise participating in the
activities of such company) whose stock is listed on a national securities
exchange or actively traded in the over-the-counter market, as long as such
investment does not give him the right to control or influence the policy
decisions of any such business or enterprise which is or might be directly or
indirectly in competition with any of such business operations or activities of
the Company or its affiliates.

         9. RESTRICTION ON SOLICITATION. The Employee agrees that during the
longer of (i) the Employment Period, and (ii) the period during which the
Employee is employed by the Company, and in either such case, for a period of
two (2) years thereafter he will not:

                  (i) directly or indirectly solicit, raid, entice or induce any
employee of the Company or any of its affiliates to become an employee of any
person, firm or corporation which

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is, directly or indirectly, in competition with the business or activities of
the Company or any of its affiliates; or

                  (ii) directly or indirectly approach any such employee for
these purposes; or

                  (iii) authorize or knowingly approve the taking of such
actions by other persons on behalf of any such person, firm or corporation, or
assist any such person, firm or corporation in taking such action; or

                  (iv) directly or indirectly solicit, raid, entice or induce
any person, firm or corporation who or which on the date hereof is, or at the
time during his employment with the Company or any of its affiliates shall be, a
customer of the Company or any of its affiliates, to become a customer for the
same or similar products which it purchased from the Company or any of its
affiliates, of any other person, firm or corporation, and the Employee shall not
approach any such customer for such purpose or authorize or knowingly approve
the taking of such actions by any other person.

         10. REMEDIES. The Employee hereby acknowledges that in the event of a
breach or threatened breach by him of the provisions of Sections 7, 8 or 9 of
this Agreement, the Company would suffer irreparable harm for which there would
be no adequate remedy at law. Accordingly, the Employee agrees that in such
event, in addition to any other remedies which the Company may have in law or in
equity for money damages or other relief, the Company shall be entitled to
temporary and/or injunctive relief, without the necessity of proving damages, to
enforce the provisions hereof. In addition, the parties hereto agree and
acknowledge if any provision of Section 7, 8 or 9 as applied to any party or to
any circumstance is adjudged by a court to be invalid or unenforceable, the same
shall in no way affect any other circumstance or the validity or enforceability
of any other provision of this Agreement. If any such provision, or any part
thereof, is held to be unenforceable because of the duration of such provision
or the area covered thereby, the parties agree that the court making such
determination shall have the power to reduce the duration and/or area of such
provision, and/or to delete specific words or phrases, and in its reduced form,
such provision shall then be enforceable and shall be enforced.

         11. SUCCESSORS. This Agreement is personal to the Employee and without
the prior written consent of the Company shall not be assignable by the
Employee. The Company may assign its rights and obligations hereunder, provided
that the Company will require the assignee to assume expressly and agree to
perform this Agreement in the same manner and to the same extent that the
Company would be required to perform if no such assignment had taken place.

         12. BINDING ARBITRATION. In the event that the Company and the Employee
cannot agree on an interpretation of any provision of this Agreement, or in the
event that either of the parties fails to make any payments or otherwise fulfill
any obligations required by the terms of this Agreement, the Company and the
Employee agree to resolve any such dispute through arbitration in Broward
County, Florida, under the then-current rules of the American Arbitration
Association in the State of Florida. For the purposes of confirming any such
award and entering judgment thereon, each party hereby submits to the exclusive
jurisdiction and venue of the State and Federal courts located in Broward
County, Florida.

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         13. MISCELLANEOUS.

                  (a) This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida. Each party to this Agreement
hereby irrevocably (a) accepts and consents to the exclusive personal
jurisdiction of the courts of Broward County, Florida or in the U.S. District
Court for the Southern District of Florida for the purpose of any suit, action
or proceeding against the Employee, the Company, Kellstrom or any affiliate of
Kellstrom arising out of, or relating in any way to, this Agreement or the
Company's employment of the Employee, (b) waives, to the fullest extent
permitted by law, any objection which it may now or hereafter have to the laying
of venue of any such suit, action or proceeding or any judgment entered by any
court in respect thereof brought in such courts and (c) waives any claim that
any suit, action or proceedings brought in such courts has been brought in an
inconvenient forum. Each party further agrees that service of process, summons,
notice or document by U.S. registered mail in accordance with this Agreement
shall be effective service of process for any action, suit or proceeding brought
against a party in any such court.

                  (b) The captions of this Agreement are not part of the
provisions hereof and shall have no force or effect. This Agreement may not be
amended or modified otherwise than by a written agreement executed by the
parties hereto or their respective successors and legal representatives.

                  (c) All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been given if sent by
facsimile transmission, delivered by overnight or other carrier service, or
mailed, certified first class mail, postage prepaid, return receipt requested,
to the parties hereto at the following addresses:

         If to the Company, to:

         Kellstrom Industries, Inc.
         1100 International Parkway
         Sunrise, Florida 33323
         Attn: Chief Executive Officer
         Telecopier: (954) 858-2449

         If to the Employee, to:

         Scott Kalister

         --------------------

         --------------------

         --------------------

or to such other address as either party shall have furnished to the other in
accordance herewith.

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

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                  (e) A party's failure to insist upon strict compliance with
any provision hereof shall not be deemed to be a waiver of such provision or any
other provision thereof.

                  (f) This Agreement embodies the entire agreement between the
Company and the Employee and supersedes all prior agreements and understandings
(including, without limitation, the Prior Employment Agreement), oral or
written, with respect to the subject matter hereof.

                  (g) This Agreement may be executed in counterparts, each of
which shall be deemed an original and all of which, together, shall constitute
one and the same instrument.

                         [signatures on following page]

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         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                                          KELLSTROM INDUSTRIES, INC.

                                          By: /s/ Zivi R. Nedivi
                                             -----------------------------------
                                          Name: Zivi R. Nedivi
                                               ---------------------------------
                                          Title: President
                                                --------------------------------

                                          EMPLOYEE

                                          /s/ D. Scott Kalister
                                          --------------------------------------
                                          D. Scott Kalister

                                       13<PAGE>   1
                                                                  EXHIBIT 10 (a)

                              EMPLOYMENT AGREEMENT

                THIS AGREEMENT made effective as of the 15th day of February,
2001 by and between HUNTINGTON BANCSHARES INCORPORATED, a Maryland corporation,
with its principal office at the Huntington Center, 41 South High Street,
Columbus, OH 43287 ("Huntington") and FRANK WOBST, residing at 129 North
Columbia Avenue, Columbus, OH 43209 ("Executive").

                                R E C I T A L S:
                                - - - - - - - -

                WHEREAS, Executive currently is employed by Huntington as the
Chairman of the Board and Chief Executive Officer of Huntington;

                WHEREAS, Huntington desires to continue to employ Executive as
its Chairman of the Board and Chairman of the Executive Committee for the Board
and secure for itself the continued services of Executive upon the terms and
conditions specified herein; and

                WHEREAS, Executive wishes to continue his employment by
Huntington.

                               A G R E E M E N T:
                               - - - - - - - - -

                NOW, THEREFORE, in consideration of such continued employment,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto, intending to be legally bound,
hereby agree as follows:

                I.  EMPLOYMENT DUTIES AND TERM.

                        A. Executive shall perform such duties as Huntington
through its Board of Directors from time to time shall determine; provided,
however, that such duties shall be comparable to those performed by the Chairman
of the Board and ordinarily expected of executive officers of Huntington and its
subsidiaries and affiliates. Executive shall devote his full time and attention
and best efforts to the performance of such duties. Executive shall serve as an
officer of Huntington and as an officer of any of its affiliate corporations, if
duly elected at any time or times during the term of this Agreement.

                       B.  Executive's employment and the initial term of this
Agreement shall be for a period commencing on February 15, 2001 ("Commencement
Date"), and ending on December 31, 2002 ("Termination Date"), unless terminated
at an earlier date pursuant to an event described in Section III of this
Agreement (referred to hereafter as the "employment period"). After the initial
term, upon agreement by both Executive and Huntington this Agreement may be
renewed on December 31, 2002 on terms agreed to by the parties hereto.

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                II.  COMPENSATION.

                Huntington agrees to pay to Executive and Executive agrees to
accept the following amounts as compensation in full for his services in any
capacity hereunder, including services as an officer, director or member of any
committee or in the performance of other like duties assigned to him by the
Board of Directors of Huntington.

                       A.  BASE COMPENSATION. Huntington shall pay to Executive
a base annual salary in the amount equal to the current annual base salary of
Executive, payable in equal bi-weekly installments plus such increased base
annual compensation that the Board of Directors of Huntington may authorize as
provided herein (the "Minimum Annual Base Salary"). The compensation of
Executive shall be reviewed in good faith by both parties no less often than
every fifteen (15) months and may be increased by mutual consent, but in no
event shall the annual base salary be less than the Minimum Annual Base Salary
described above.

                       B.  PARTICIPATION IN CORPORATION'S INCENTIVE COMPENSATION
PLANS. Executive currently participates in Huntington's Incentive Compensation
Plan and Huntington's Long-Term Incentive Compensation Plan, as in effect on the
date hereof (both which shall be referred to hereinafter as the "Incentive
Compensation Plans"). As additional compensation, Executive shall continue to
participate in the Incentive Compensation Plans.

                       C.  PARTICIPATION IN RETIREMENT PLAN AND RIGHTS UNDER
OTHER AGREEMENTS. Executive shall be entitled to certain rights and benefits as
in effect on the date hereof under a) the Huntington Stock Purchase and Tax
Savings Plan (the "Stock Plan"), b) the Huntington Supplemental Stock Purchase
and Tax Savings Plan (the "Supplemental Stock Plan") c) Huntington's
noncontributory retirement plan for salaried employees, qualified under Section
401(a) of the Internal Revenue Code (the "Qualified Plan"), d) Huntington's
nonqualified, unfunded, non-contributory Supplemental Executive Retirement Plan
(the "SERP"), e) Huntington's Supplemental Retirement Income Plan (the "SRIP")
and f) the 1994 Stock Option Plan or any successor or additional stock option
plans (the "Stock Option Plans"). Executive's rights and benefits under such
plans shall continue in effect and shall not in any manner be altered or
affected by this Agreement other than any increase in benefits as a result of
the terms of this Agreement. Notwithstanding any other provision contained in
the Stock Option Plan, in the event Executive's employment is terminated for any
reason, he shall have a period of not less than ninety (90) days in which to
exercise any stock option provided pursuant to the Stock Option Plan, provided,
however, that the period during which such options can be exercised will be such
longer period if provided under the terms of such Stock Option Plan.

                       D.  OTHER FRINGE BENEFITS. In addition to the benefits
provided for in subsections (B) and (C) of this Section II, Executive shall
receive and enjoy other fringe benefits, including without limitation
participation in or coverage under: transition pay plan, health care insurance
(including any health care and dependent care flexible spending account plan),
long term and short term disability insurance, group life insurance, business
travel insurance, employee assistance plan, executive life insurance (group
universal life insurance), Section 125 premium only cafeteria plan and tuition
reimbursement plan, paid vacations, use of a corporate automobile and all
reasonable maintenance and service costs associated therewith, financial
consulting and tax return preparation allowance, paid reserved parking, and
payment of dues in those professional organizations in which he is currently a
member. All such fringe benefits shall be at least comparable in scope and
amount to that which Executive enjoys on the date hereof. In addition, Executive
shall be entitled to reimbursement for all out-of-pocket expenses incurred by
Executive in the performance of his duties hereunder; provided that such
reimbursement shall be in accordance with Huntington's then existing policy
regarding the same.

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<PAGE>   3

                       E.  PARTICIPATION IN FUTURE COMPENSATION, RETIREMENT,
AND FRINGE BENEFIT PLANS. In addition to the benefits provided for in
subsections (B), (C), and (D) of this Section II, Executive shall participate in
and shall also receive and enjoy such other compensation, retirement, or fringe
benefits which are now or in the future made available to executives of
Huntington.

                       F.  DISCONTINUANCE OF FRINGE BENEFITS. If at any time
prior to the termination of Executive's employment in accordance with the terms
of this Agreement, Huntington shall for any reason discontinue or cause a
material reduction in retirement or fringe benefits specified in subsections (C)
and (D) of this Section II, Huntington shall thereupon immediately, at its
expense, provide Executive with individual coverage or benefits comparable to
(and not less beneficial than) the benefits in existence prior to such
discontinuance or material reduction until termination of this Agreement.

                       G.  DEFERRED COMPENSATION. Huntington agrees that, if
requested by Executive, it will enter into an unfunded deferred compensation
agreement acceptable to Executive providing for the deferral at the election of
Executive of certain compensation payable to Executive.

                       H.  SECURITY. Corporate officers in positions similar
that occupied by Executive have by virtue of their position in the recent past
been the target of kidnapping, burglary, robbery, extortion, hostage, hijacking
and other threats to the health, life, safety and property of similarly situated
officers. In order to reduce the risk of harm to Executive, Executive shall be
entitled to receive from time to time, if and whenever Executive, Huntington's
Director of Security and, to the extent utilized by Huntington, any independent
security consultant determine, at Huntington's expense, security services and
protection as they determine to be appropriate under the circumstances. Such
security services may include, but not by way of limitation: (a) at Executive's
customary residences, dedicated phone lines for audio, data and alarm
transmission, fire, smoke, intrusion detection and alarm systems and devices,
perimeter protection, including fences, gates and camera; (b) the employment of
one or more personal security escorts; and (c) the use by Executive, and when
accompanied by Executive, Executive's spouse, and children of corporate owned or
leased secure aircraft for air travel.

                III.  TERMINATION.

                       A.  DISABILITY. If during the term of this Agreement
Executive shall be unable to perform substantially his duties hereunder because
of illness or other incapacity (referred to hereafter as "Disability"), and such
Disability shall continue for a period of more than six (6) consecutive months
in any twelve month period, Huntington shall thereafter have the right, on not
less than forty-five (45) days written notice to Executive, to terminate this
Agreement, in which case the date of termination shall be not less than the
forty-fifth (45th) day following the date of written notice. In such event, in
addition to any other benefits to which Executive would be entitled, Huntington
shall be obligated to pay Executive his full compensation pursuant to Sections
II (A) and (B) hereof up to the date of termination; thereafter Huntington shall
be obligated to pay Executive an amount equal to two-thirds (2/3) of the base
salary pursuant to Section II(A) hereof less any benefits which Executive
receives during such period from any disability insurance program which
Huntington may provide Executive. The compensation provided under this paragraph
shall continue for the full period of Disability or until the Termination Date,
whichever first occurs.

                A determination of Disability shall be subject to the
certification of a qualified medical doctor agreed to by Huntington and
Executive or, in the event of Executive's incapacity to designate a qualified
medical doctor, by Executive's legal representative. If Huntington and Executive
fail to agree upon a qualified medical doctor, each party shall nominate a
qualified medical doctor and the two doctors shall select a third doctor, who
shall make the determination as to Disability.

                Executive's compensation and benefits described in Section II
shall be reinstated in full upon his return to employment and the discharge of
his full duties hereunder.

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<PAGE>   4

                       B.  DEATH. In the event of Executive's death during his
employment hereunder, in addition to any other benefits to which any person
would be entitled upon Executive's death, his bi-weekly compensation under
Section II(A) shall continue until the last day of the sixth full calendar month
following the month in which his death occurs. Compensation to which Executive
is entitled pursuant to Section II(B) hereof shall be paid pursuant to the terms
of Huntington's Incentive Compensation Plans. Executive's compensation for the
period following his death shall be paid to the beneficiary indicated on the
Beneficiary Designation attached hereto as Exhibit A.

                       C.  VOLUNTARY TERMINATION. Except as provided for in the
Executive Agreement dated April 1, 1998, between Executive and Huntington (the
"Executive Agreement") a copy of which is attached hereto as Exhibit B, in the
event Executive voluntarily terminates his employment, he shall cease to receive
compensation as of the date of termination of his employment, except that to
which he is then entitled pursuant to Huntington's Incentive Compensation Plans.

                       D.  TERMINATION FOR CAUSE. In the event that the Board of
Directors determines that Executive's employment pursuant to this Agreement
should be terminated for cause, Executive shall be entitled: (a) to receive the
compensation to which he is entitled pursuant to Huntington's Incentive
Compensation Plans, and (b) to continue to receive as severance pay the
bi-weekly installments as described in Section II(A) for three (3) full calendar
months following the date of termination. "Cause" means fraud, embezzlement,
gross negligence, or willful misconduct by Executive in the performance of his
duties or a material default by Executive of his duties hereunder. For purposes
of this paragraph, no act or failure to act on Executive's part shall be
considered "willful" unless done or omitted to be done by him not in good faith
and without reasonable belief that his action or omission was in the best
interest of Huntington. If Huntington decides to terminate this Agreement as
provided in this Section, Huntington will give Executive 60 days advance written
notice of its intention to terminate this Agreement. If, within such 60-day
period Executive notifies Huntington that a dispute exists concerning the
termination, the termination of this Agreement will occur on the earlier of the
Termination Date or the date the dispute is finally determined by agreement of
the parties or by a court of competent jurisdiction.

                       E.  TERMINATION  WITHOUT CAUSE. In the event that the
Board of Directors determines that this Agreement and the employment of
Executive should be terminated without cause, Executive, or his designated
beneficiary, shall be entitled to full compensation, retirement and fringe
benefits in accordance with Section II herein (1) until the Termination Date or
(2) for six months after termination, whichever is longer.

                       F.  CHANGE OF CONTROL. In the event that Huntington shall
have undergone a Change of Control, in lieu of any compensation otherwise
provided under this Agreement, Executive shall be entitled to the benefits
described in the Executive Agreement upon the termination of his employment,
either voluntarily by Executive or by Huntington for any reason except
Executive's Disability or death. For purposes of this Agreement "Change of
Control" shall have the meaning defined in the Executive Agreement.

                       G.  MITIGATION. In the event that Executive voluntarily
terminates his employment, as set forth in Section III(C) herein, or Executive's
employment pursuant to this Agreement is terminated for cause, as set forth in
Section III(E) herein, or Executive is terminated pursuant to a Change of
Control, as set forth in Section III(F) herein, Executive shall have no duty to
mitigate his damages by seeking other Employment, and Huntington shall not be
entitled to set off against amounts payable hereunder any compensation which he
may receive from future employment.

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                IV.  EXECUTIVE'S RIGHTS UNDER CERTAIN PLANS.

                Notwithstanding anything contained herein, Huntington agrees
that the benefits provided to Executive herein are not in lieu of any rights and
privileges to which Executive may be entitled as an employee of Huntington under
any retirement, pension, insurance, hospitalization, or other plan which may now
or hereafter be in effect, it being understood that, except to the extent
currently provided in such plans, Executive shall have the same rights and
privileges to participate in such plans or benefits as any other employee of
Huntington.

                If Executive shall be entitled to participate in any retirement
or fringe benefit plan pursuant to the terms of this Agreement after the
cessation of his employment and if the terms of any such retirement or fringe
benefit plan do not permit continued participation by Executive after
termination of employment, then Huntington will arrange for other coverage at
Huntington's expense providing substantially similar benefits.

                If continued participation in any retirement plan is not
permitted by law or the terms of the plan, Huntington shall pay to Executive or,
if applicable, his beneficiary, a supplemental benefit equal to the value on the
date of termination of employment of the excess of (i) the benefit Executive
would have been paid under such plan if he had continued to be covered as if
Executive had earned compensation described under Section II above and had made
contributions sufficient to earn the maximum matching contribution, if any,
under such plan (less any amounts he would have been required to contribute),
over (ii) the benefit actually payable to or on behalf of the Executive under
such plan. For purposes of determining the benefit under (i) in the preceding
sentence, contributions deemed to be made under a defined contribution plan will
be deemed to be invested in the same manner as Executive's account under such
plan at the time of termination of employment. Huntington shall pay such
supplemental benefits (if any) in a lump sum within 60 days of the termination
of employment.

                V.  CONFIDENTIAL INFORMATION.

                Executive agrees to receive Confidential Information (defined
below) of Huntington in confidence, and not to disclose to others, assist others
in the application of, or use for his own gain, such information, or any part
thereof, unless and until it has become public knowledge or has come into the
possession of such other or others by legal and equitable means and other than
as a result of disclosure by Executive. Executive further agrees that, upon
termination of his employment with Huntington, all documents, records,
notebooks, and similar repositories containing Confidential Information,
including copies thereof, then in Executive's possession, whether prepared by
him or others, will be left with Huntington. For purposes of this Section V,
"Confidential Information" means information disclosed to Executive or known by
Huntington, not generally known in the business in which Huntington is or may
become engaged, including, but not limited to, information about Huntington's
services, trade secrets, financial information, customer lists, books, records,
memoranda, and other proprietary information of Huntington.

                Executive further agrees that during the employment period he
will devote substantially all of his time and effort to the performance of his
duties hereunder and will refrain from engaging on his own behalf or on the
behalf of a third party in any line of activities or business in which
Huntington is or may become engaged.

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                VI.  PLACE OF PERFORMANCE.

                In connection with his employment by Huntington, Executive shall
not be required to relocate or transfer his principal residence and shall not be
required to perform services which would make the continuance of his principal
residence in Columbus, Ohio, unreasonably difficult or inconvenient for him.
Huntington shall give Executive at least three months' advance notice of any
relocation of its principal executive offices to a location more than fifty
miles from Executive's principal residence in Columbus, Ohio. In the event that
Executive shall thereupon elect to relocate his principal residence within fifty
miles of the principal executive offices of Huntington, Huntington shall
promptly pay (or reimburse Executive for) all reasonable relocation expenses
incurred by Executive relating to a change of his principal residence in
connection with any such relocation of Huntington's principal executive offices.
In the event that Executive shall not relocate his principal residence, he shall
make himself available for performance in Columbus, Ohio, of the services
described in Section I herein.

                VII.  SUCCESSORS.

                       A.  This Agreement shall inure to the benefit of and be
binding upon Huntington, its successors and assigns, including without
limitation, any person, partnership, or corporation which may acquire voting
control of Huntington or all or substantially all of the Huntington's assets and
business, or which may be a party to any consolidation, merger, or other
transaction that results in a Change of Control of Huntington.

                       B.  This Agreement shall also inure to the benefit of and
be binding on Executive, his heirs, successors, and legal representatives.

                VIII.  COBRA CONTINUATION COVERAGE.

                Notwithstanding any provision of this Agreement to the contrary,
in the event of any qualifying event, as defined in Section 162(k) of the
Internal Revenue Code (the "Code"), Executive and his qualifying beneficiaries
shall be entitled to continuation of health care coverage, as provided under
Section 162(k) of the Code. The foregoing is intended as a statement of
Executive's continuation coverage rights and is in no way intended to limit any
greater rights of Executive or his qualified beneficiaries under this Agreement.
If a greater benefit is available to Executive or his qualifying beneficiaries
under this Agreement or otherwise, Executive or his qualified beneficiaries may
forego continuation coverage and elect instead such greater benefit.

                IX.  INDEMNIFICATION.

                Huntington, as provided for in its Articles of Association,
shall indemnify Executive to the full extent of the general laws of the State of
Maryland, now or hereafter in force, including the advance of expenses under
procedures provided by such laws.

                X.  ENTIRE AGREEMENT.

                This Agreement contains the entire agreement of the parties
hereto with respect to the employment of Executive by Huntington, and completely
supersedes any prior employment agreements or arrangements between the parties
hereto. The parties hereto agree that this Agreement cannot be hereafter
amended, modified, or supplemented in any respect, except by a subsequent
written agreement signed by both parties hereto.

                                        6
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                XI.  APPLICABLE LAW.

                This Agreement shall be governed in all respects by the laws of
the State of Ohio.

                XII.  NOTICES.

                All notices under this Agreement shall be in writing, and will
be duly sent if sent by registered or certified mail to the respective parties'
addresses shown hereinabove, or such other addresses as the parties may
hereafter designate in writing for such purpose.

                XIII.  ASSIGNMENT.

                Except as expressly provided herein, neither this Agreement nor
any rights, benefits, or obligations hereunder may be assigned by Huntington or
Executive without the prior written consent of the other.

                XIV.  WAIVER.

                The failure by a party to exercise or enforce any of the terms
or conditions of this Agreement will not constitute or be deemed a waiver of
that party's rights hereunder to enforce each and every term of this Agreement.
The failure by a party to insist upon strict performance of any of the terms and
provisions herein will not be deemed a waiver of any subsequent default in the
terms or provisions herein.

                XV.  RIGHTS AND REMEDIES CUMULATIVE.

                All rights and remedies of the parties hereunder are cumulative.

                XVI.  DIVISIBILITY.

                The provisions of this Agreement are divisible. If any such
provision shall be deemed invalid or unenforceable, itshall not affect the
applicability or validity of any other provision of this Agreement, and if any
such provision shall be deemed invalid or unenforceable as to any periods of
time, territory, or business activities, such provision shall be deemed limited
to the extent necessary to render it valid and enforceable.

                XVII.  CAPTIONS AND TITLES.

                Captions and titles have been used in this Agreement only for
convenience and in no way define, limit, or describe the meaning of any Article
or any part thereof.

                XVIII.  CAPITALIZED TERMS.

                Capitalized terms not otherwise defined herein have the meaning
given in the Executive Agreement.

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IN WITNESS WHEREOF, the parties have signed this Agreement which is effective
immediately on the date and year first above written.

ATTEST                               Huntington Bancshares Incorporated

/s/ Richard A, Cheap                 By: /s/ Timothy P. Smucker
--------------------------------         ----------------------
Richard A. Cheap, Secretary              Timothy P. Smucker
                                             Its: Chairman of the Board's
                                             Compensation and Stock Option
                                             Committee

                                        /s/ FRANK WOBST
                                        -----------------------
                                        Frank Wobst

                                       8

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