Document:

Separation Agreement dated June 14, 2004 between AO Smith and Heinrich

  
 Exhibit 10 (d) 
  
 SEPARATION AGREEMENT DATED JUNE 14, 2004 BY AND BETWEEN A. O. SMITH CORPORATION AND
DONALD M. HEINRICH 
  
 THIS AGREEMENT, by and between
A. O. Smith Corporation, a Delaware corporation, hereinafter referred to as “A O. Smith” and Donald M. Heinrich, an individual, hereinafter referred to as “Heinrich”; 
  
 WHEREAS, Heinrich is currently employed by A. O. Smith in the capacity of President of A. O. Smith Electrical Products
Company; and 
  
 WHEREAS, A. O. Smith and Heinrich desire to
terminate the employment relationship under terms acceptable to the parties. 
  
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, it is agreed as follows: 
  

	1.	Heinrich is relieved of his duties of the day-to-day management of the Electrical Products Company of A. O. Smith Corporation business effective May 11, 2004.

  

	2.	Heinrich shall remain as an active employee on the A. O. Smith payroll at his current base salary until May 15, 2006. While on the active payroll, Heinrich shall make himself
available to perform such duties as may be reasonably requested by Paul W. Jones or his designee. 

  

	3.	A. O. Smith agrees to continue group insurance coverage for Heinrich and his eligible dependents while he remains on the active payroll. The coverages will include Disability,
Health and Dental. Heinrich will continue to participate in the A. O. Smith Retirement Plan and the A. O. Smith Profit Sharing Retirement Plan while he remains on the active employee payroll. Heinrich shall be eligible for the Company Matching
Contribution in the A. O. Smith Profit Sharing Retirement Plan in the year he ceases to be actively employed by A. O. Smith. 

  

	4.	Heinrich will continue to be eligible for the Executive Split Dollar Life Insurance Policy(s) benefit as follows: 

  

	 	•	 	Pre-Retirement Policy(s): Life insurance protection will continue to be provided under these policies while Heinrich remains on the active payroll with A. O. Smith but no
later than May 15, 2006. When Heinrich ceases to be on the active payroll, the split dollar agreements covering these policies shall terminate and A. O. Smith shall release its collateral interest in the policies. When Heinrich begins to collect his
benefit under the A. O. Smith Corporation Executive Supplemental Pension Plan, the value of the policies shall be an offset to benefits due under the Plan. 

  

	 	•	 	Post Retirement Policy: Life insurance protection will continue to be provided under this policy while Heinrich remains on the active payroll with A. O. Smith but no later
than May 15, 2006. When Heinrich ceases to be on the active payroll of A. O. Smith, the split dollar agreement will be terminated and the policy will be terminated unless Heinrich elects to make arrangements to continue the policy.

  

	5.	Supplemental Profit Sharing Plan: Heinrich shall be eligible to receive supplemental profit sharing contributions while he remains on the active payroll. The amount of money
in Heinrich’s Supplemental Profit Sharing Plan will be paid out to him in January of the year following his termination from employment. 

  

	6.	Deferred Incentive Compensation Account: The amount of money in Heinrich’s Deferred Incentive Compensation Account will be paid to him in January of the year following
his termination from employment unless he submits a new election form directing otherwise. 

  

	7.	Stock Option: No new stock option grants will be made to Heinrich effective with the execution of this Agreement. All stock option agreements held by Heinrich will be amended
to extend the period of exercisability to May 15, 2006. The amended stock option agreements will provide that Heinrich’s right to exercise the options will immediately terminate upon any violation of the provisions of paragraph 17 of this
Agreement. 

  

	8.	 Restricted Stock: No new restricted stock grants will be made to Heinrich. Existing restricted stock will continue to vest while Heinrich remains on the
active payroll and restricted dividends will continue to be paid annually to his 

  

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Supplemental Profit Sharing Plan account. At the time Heinrich’s employment is terminated, he will become fully vested in any unvested restricted stock
grants. 

  

	9.	In the event that Heinrich obtains other full-time employment before May 15, 2006, the salary payments shall continue through May 15, 2006, but his employment with A. O. Smith and
the benefit coverages under Paragraph 3 shall terminate as of the date he commences such employment. 

  

	10.	Heinrich shall be eligible to receive a bonus under the A. O. Smith Executive Incentive Compensation Plan for 2004. He shall not be eligible for any bonus under the 2005 or 2006
bonus plan. 

  

	11.	Heinrich shall be eligible for the use of his current company leased car until he has secured other full-time employment but no later than May 31, 2005. At such time, he shall have
the option of returning the car or purchasing the car for its then book value. During his use of the company leased car, A. O. Smith shall maintain all existing collision, comprehensive and liability insurance on the car, and Heinrich shall be
responsible for all operating and maintenance costs. 

  

	12.	The payment by A. O. Smith of fees and dues for club membership Heinrich currently is provided will be continued through the end of 2004 but not beyond. 

  

	13.	Heinrich will be eligible for Deloitte & Touche financial counseling service through December 2004 including income tax preparation for 2004. 

  

	14.	Executive outplacement services will be provided at the Company’s expense to assist Heinrich in obtaining other employment. 

  

	15.	A. O. Smith agrees to continue its practice of reimbursing Heinrich for the income taxes due on the imputed or reportable income related to A. O. Smith’s payment of club fees
and dues, tax preparation and counseling fees, lease payments on the company car, dividends on Restricted Stock and contributions to the Supplemental Profit Sharing Plan. 

  

	16.	A. O. Smith agrees to continue to provide Directors & Officers insurance for Heinrich for the period he is considered an officer of the Corporation. 

  

	17.	In consideration for this Separation Agreement, Heinrich agrees as follows: 

  

	 	A)	From the date of execution of this Agreement until May 15, 2006, he will not directly or indirectly engage as an employee, consultant, or representative in any activity for any
business or person which is primarily engaged in the manufacture, sale or distribution of electric motors, unless he obtains the prior written consent of Paul Jones, President and COO of A. O. Smith Corporation; and 

  

	 	B)	He will not engage in any act or make any statement, which criticizes, maligns, denigrates or disparages A. O. Smith or its affiliates or their directors, officers or employees; and

  

	 	C)	From the date of execution of the Agreement until May 15, 2009, Heinrich agrees that he will not disclose to any person, firm or corporation any secret, confidential or proprietary
information of A. O. Smith or its affiliates, unless such information is in the public domain or is required to be disclosed by law. Such secret, confidential and proprietary information shall include, but not be limited to, such matters as A. O.
Smith’s costs, profits, markets, sales, pricing, product lines, policies, operational methods, suppliers, customers and strategic plans; and 

  

	 	D)	 He agrees to release and forever discharge A. O. Smith Corporation and any of their affiliated companies, their officers, directors and employees of and from any
and all claims, demands, rights, liabilities and causes of action of whatsoever kind or nature, arising out of or in connection with his employment. This release specifically encompasses all claims of employment discrimination based on race, color,
religion, sex and national origin under Title VII of the Civil Rights Act of 1964 or under Section 1981 of the Civil Rights Act of 1866, all claims of age discrimination under the Age Discrimination in Employment Act of 1967 (ADEA), all claims under
the Employee Retirement Income Security Act (ERISA), all claims of employment discrimination under the Americans with Disabilities Act (ADA), all claims based on any express or implied employment contract as well as claims under any applicable state
or local law concerning employment. This 

  

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release shall not apply to any claims for benefits under applicable unemployment compensation law, nor any claim for vested benefits under A. O. Smith’s
pension and savings plans. This release shall also not apply to any right or claims under the Age Discrimination and Employment Act of 1967 (ADEA) which arise after the date this Agreement is executed; and 

  

	 	E)	In the event that Heinrich violates any of the provisions of Paragraphs 17, A thru D, A. O. Smith shall have the right to terminate his employment with A. O. Smith, cease making the
payments in Paragraph 2 and cease providing the benefit coverages outlined in Paragraph 3 of this Agreement. 

  

	18.	Heinrich agrees that he will not disclose the terms, amounts and facts of this Agreement to anyone other than to his financial or tax advisor/counselor, attorney or Lori Davis.

  

	19.	Heinrich shall have the right to revoke this Agreement within seven (7) days after he executes it, by providing written notice of such revocation to A. O. Smith. This Agreement
shall not be effective or enforceable until the seven-day revocation period has expired. 

  

	20.	Heinrich acknowledges that he has been advised by A. O. Smith to seek the advice of an attorney regarding this Agreement and that he has been given 21 days to decide whether to
agree to its terms. 

  

	21.	The illegality or unenforceability of any provision of this Agreement shall not effect the validity and enforceability of any legal and enforceable provision of this Agreement.

  

	22.	This Agreement shall supersede and replace all prior written and oral agreements between the parties regarding the subject matter of this Agreement. 

  

	23.	This Agreement will be binding upon any successors and assigns of A. O. Smith. 

  

IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year indicated below. 
  

									
	 	 	 	 	 A. O. SMITH CORPORATION

					
	Dated:	 	 June 9, 2004
	 	 	 	By:	 	 /s/ Edward J. O’Connor

	 	 	 	 	 	 	 	 	 Edward J. O’Connor
 Vice President
 Human Resources & Public Affairs

					
	Dated:	 	 June 9, 2004
	 	 	 	By:	 	 /s/ Donald M. Heinrich

	 	 	 	 	 	 	 	 	 Donald M. Heinrich

  

 47Addendum dated January 1, 2005

 Exhibit 10.16 
  
 ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT 
  
 This Addendum (the “Addendum”) is entered into as of January 1, 2005, by and among NEW YORK RADIATION THERAPY
MANAGEMENT SERVICES, INC., a New York corporation (“MANAGEMENT SERVICES”) and YONKERS RADIATION MEDICAL PRACTICE, P.C., a New York professional corporation (the “PC”). This Addendum amends Section 3.1 of the Administrative
Services Agreement dated January 1, 1999 between the parties (the “Agreement”) to adjust the monthly Service Fee of $562,500.00 paid in 2004 to a monthly Service Fee of $605,650.00, and replaces the Addendum of that same Section dated
January 1, 2004. From and after the date hereof, Section 3.1 shall read as follows: 
  
 3.1. Service Fee. For the services to be provided hereunder by MANAGEMENT SERVICES, the PC shall pay to MANAGEMENT SERVICES a
monthly Service Fee of $605,650.00. The parties agree that the Service Fee represents the fair market value of the services provided by MANAGEMENT SERVICES hereunder and that the parties shall meet annually to reevaluate the value of services
provided by MANAGEMENT SERVICES and shall establish the fair market value thereof for purposes of this Section 3.1. 
  

					
	       Accepted:
	 	 NEW YORK RADIATION THERAPY
 MANAGEMENT
SERVICES, INC.

			
	 	 	By:	 	 /s/ David Koeninger

	 	 	 	 	 David Koeninger

	 	 	 	 	 Vice President and CFO

		
	       Accepted:
	 	 YONKERS RADIATION MEDICAL
 PRACTICE,
P.C.

			
	 	 	By:	 	 /s/ Daniel E. Dosoretz

	 	 	 	 	 Daniel E. Dosoretz, M.D.
 President

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