Document:

Exhibit
10.9

REVOLVING
NOTE

(LIBOR and/or Prime)

146626/15295

$20,000,000.00 Beverly Hills, California

On October 25, 2006 (“Termination Date”), International
Aluminum Corporation, a California corporation (“Borrower”),
promises to pay to the order of City National Bank,
a national banking association (“CNB”), at its office in this city, in United
States Dollars and in immediately available funds, the principal sum of Twenty Million and 00/100 Dollars ($20,000,000.00) (“Revolving
Credit Commitment”) or so much thereof as may be advanced and then outstanding,
plus interest on the unpaid balance, until fully repaid, at a rate computed on
the basis of a 360-day year, actual days elapsed, at the rates, times and in
accordance with the terms set forth below.

As provided herein, the principal of this Note may be borrowed, repaid
and reborrowed from time to time prior to the Termination Date, provided at the
time of any borrowing no Event of Default (as hereinafter defined) exists, and
provided further that the total borrowings outstanding at any one time shall
not exceed the Revolving Credit Commitment. 
Each borrowing and repayment shall be noted in the books and records of
CNB.  The excess of borrowings over
repayments shall evidence the principal balance due hereon from time to time
and at any time.  Borrowings hereunder
shall be conclusively presumed to have been made to or for the benefit of
Borrower when made as noted in such books and records.

For purposes of this Note, the following definitions shall apply:

“Business Day” means a day that CNB’s
Head Office is open and conducts a substantial portion of its business.

“Eurocurrency Reserve Requirement” means
the aggregate (without duplication) of the rates (expressed as a decimal) of
reserves (including, without limitation, any basic, marginal, supplemental, or
emergency reserves) that are required to be maintained by banks during the
Interest Period under any regulations of the Board of Governors of the Federal
Reserve System, or any other governmental authority having jurisdiction with
respect thereto, applicable to funding based on so-called “Eurocurrency
Liabilities”, including Regulation D (12 CFR 204).

“Interest Period” means the period
commencing on the date a LIBOR Loan is made (including the date a Prime Loan is
converted to a LIBOR Loan, or a LIBOR Loan is renewed as a LIBOR Loan, which,
in the latter case, shall be the last day of the expiring Interest Period) and
ending on the twenty-fifth day of the month occurring prior to or on the date
which is one (1), two (2), three (3) or six (6) months thereafter, as selected
by the Borrower; provided, however, no Interest Period may extend beyond the
Termination Date.

“LIBOR Base Rate” means the British
Banker’s Association definition of the London InterBank Offered Rates as made
available by Bloomberg LP, or such other information service available to CNB,
for the applicable monthly period upon which the Interest Period is based for
the LIBOR Loan selected by Borrower and as quoted by CNB on the Business Day Borrower
requests a LIBOR Loan or on the last Business Day of an expiring Interest
Period.

“LIBOR Interest Rate” means the rate per
year (rounded upward to the next one-sixteenth (1/16th) of one percent
(0.0625%), if necessary) determined by CNB to be the quotient of (a) the LIBOR
Base Rate divided by (b) one minus the Eurocurrency Reserve Requirement for the
Interest Period; which is expressed by the following formula:

	
  

  	
   

  	
  LIBOR Base Rate

  
	
  1

  	
  -

  	
  Eurocurrency
  Reserve Requirement

  

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“LIBOR Loan” means any Loan tied to the
LIBOR Interest Rate.

“Loan(s)” means the principal balance
outstanding on this Note, and any LIBOR Loan and/or any Prime Loan made
hereunder, as the case may be.

“Prime Loan” means any Loan tied to the
Prime Rate.  A Loan hereunder shall be a
Prime Loan any time it is not a LIBOR Loan.

“Prime Rate” means the rate most
recently announced by CNB at its principal office in Beverly Hills, California,
as its “Prime Rate.”  Any change in the
interest rate resulting from a change in the Prime Rate shall be effective on
the day on which each change in the Prime Rate is announced by CNB.

1.                     Interest
on Loans.  Each Loan shall
bear interest from disbursement until due (whether at stated maturity, by
acceleration or otherwise) at a rate equal to, at Borrower’s option, either (a)
for a LIBOR Loan, the LIBOR Interest Rate plus Two
percent (2.00%) per annum, or (b) for a Prime
Loan, the fluctuating Prime Rate minus 11/20th of one
percent (-0.55%) per annum.  Interest on the Loans shall accrue daily and
be payable (a) monthly, in arrears, on the twenty-fifth day of each month,
commencing on the first such date following disbursement; and (b) if a LIBOR
Loan, upon any prepayment of any LIBOR Loan (to the extent accrued on the
amount prepaid.)  Anything herein to the
contrary notwithstanding, all principal and interest remaining unpaid on the
Termination Date shall be immediately due and payable.

2.                     Procedure
for LIBOR Loans.  Borrower may
request that a Loan be a LIBOR Loan, if herein allowed (including conversion of
a Prime Loan to a LIBOR Loan, or continuation of a LIBOR Loan as a LIBOR Loan
upon the expiration of the Interest Period). 
Borrower’s request shall be irrevocable, shall be made to CNB, orally or
in writing or using the form “Notice of Borrowing/Interest Selection” form
attached hereto as Exhibit “A”, no earlier than two (2) Business Days before
and no later than 1:00 p.m. Pacific Time on the date the LIBOR Loan is to be
made, and shall specify the Interest Period, the amount of the LIBOR Loan, and
such other information as CNB requests. 
If Borrower fails to select a LIBOR Loan in accordance herewith, the
Loan shall be a Prime Loan, and any LIBOR Loan shall be deemed a Prime Loan
upon expiration of the Interest Period.

3.                     Availability
of LIBOR Loans. 
Notwithstanding anything herein to the contrary, each LIBOR Loan must be
in the minimum amount of $500,000.00 and increments of $100,000.00.  Borrower may not have more than five (5)
LIBOR Loans outstanding at any one time under the Revolving Credit
Commitment.  Borrower may have Prime
Loans and LIBOR Loans outstanding simultaneously.

4.                     Prepayment
of Principal.  Borrower may
prepay the principal amount outstanding on a Prime Loan at any time and in any
amount without a prepayment fee. 
Borrower may not make a partial principal prepayment on a LIBOR
Loan.  Borrower may prepay the full
outstanding principal balance on a LIBOR Loan prior to the end of the Interest
Period, provided, however, that such prepayment is accompanied by a fee (“LIBOR
Prepayment Fee”) equal to the amount, if any, by which (a)  the additional interest which would have been
earned by CNB had the LIBOR Loan not been prepaid exceeds (b) the interest
which would have been recoverable by CNB by placing the amount of the LIBOR
Loan on deposit in the LIBOR market for a period starting on the date on which
it was prepaid and ending on the last day of the applicable Interest
Period.  CNB’s calculation of the LIBOR
Prepayment Fee shall be conclusive absent manifest error.

5.                     Suspension
of LIBOR Loans.  In the event
CNB, on any Business Day, is unable to determine the LIBOR Base Rate applicable
for a new, continued, or converted LIBOR Loan for any reason, or any law,
regulation, or governmental order, rule or determination, makes it unlawful for
CNB to make a LIBOR Loan, 

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Borrower’s right to select LIBOR Loans shall be suspended until CNB is
again able to determine the LIBOR Base Rate or make LIBOR Loans, as the case
may be.  During such suspension, new Loans,
outstanding Prime Loans and LIBOR Loans whose Interest Periods terminate may
only be Prime Loans.

6.                     Late Charge.  Borrower
shall pay to CNB a late charge of 5% or $10.00, whichever is greater, of any
payment not received by CNB on or before the 10th day after
the payment is due.

The occurrence of any of the following with respect to any Borrower or
guarantor of this Note or any general partner of such Borrower or guarantor
shall constitute an “Event of Default” hereunder:

1.             Failure to make any
payment of principal or interest when due under this Note;

2.                                       Filing of a petition by or against any of such
parties under any provision of the Bankruptcy Code;

3.             Appointment of a
receiver or an assignee for the benefit of creditors;

4.                                       Commencement of dissolution or liquidation
proceedings or the disqualification (under any applicable law or regulation) of
any of such parties which is a corporation, partnership, joint venture or any
other type of entity;

5.             Death or incapacity
of any of such parties which is an individual;

6.                                       Revocation of any guaranty of this Note, or any
guaranty of this Note becomes unenforceable as to any future advances under
this Note;

7.                                       Any financial statement provided by any of such
parties to CNB is false or materially misleading;

8.                                       Any material default in the payment or
performance of any obligation, or any default under any provision of any con­tract
or instrument pursuant to which any of such parties has incurred any obligation
for borrowed money, any purchase obligation or any other liability of any kind
to any person or entity, including CNB;

9.                                       Any sale or transfer of all or a substantial part
of the assets of any of such parties other than in the ordinary course of
business; or

10.                                 Any violation, breach or default under this Note,
any letter agreement, guaranty, security agreement, deed of trust,
subordination agreement or any other contract or instrument executed in
connection with this Note or securing this Note.

Upon the occurrence of any Event of Default, CNB, at its option, may
declare all sums of principal and interest outstanding hereunder to be
immediately due and payable without presentment, demand, protest or notice of
dishonor, all of which are expressly waived by Borrower, and CNB shall have no
obligation to make any further advances hereunder.  Borrower agrees to pay all costs and
expenses, including reasonable attorneys’ fees, expended or incurred by CNB (or
allocable to CNB’s in-house counsel) in connection with the enforcement of this
Note or the collection of any sums due hereunder and irrespective of whether
suit is filed.

Upon the occurrence of any Event of Default (and without constituting a
waiver of the Event of Default), and until the Event of Default has been cured,
the outstanding principal (and interest, to the extent permitted by law) shall
bear additional interest at a fluctuating rate equal to five percent (5%) per
annum higher than the interest rate as determined above; provided, however, for
purposes hereof, a LIBOR Loan shall be treated as a Prime Loan upon the
termination of the Interest Period.

This Note and all matters related hereto shall be governed by the laws
of the State of California.  If this Note
is executed by more than one Borrower, all obligations are joint and several.

	
  

  	
  International Aluminum Corporation, a
  California corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mitchell K. Fogelman

  
	
   

  	
   

  	
  Mitchell K. Fogelman, SVP —
  Finance/CFO

  

 

 3Exhibit 10.10

CHANGE OF CONTROL AGREEMENT

This
Change of Control Agreement is entered into as September 8, 2006, by and
between International Aluminum Corporation, a California corporation (the “Company”), and Ronald L. Rudy (the
“Executive”), with reference
to the following:

RECITALS

A.                                   The
Company believes that it is in the best interests of the Company to foster the
continuous employment of key management personnel such as the Executive.

B.                                     The
Company and the Executive desire to enter into this Agreement in order to
induce the Executive to continue his employment with the Company during any
period in which the Company may be engaged in negotiations regarding a Change
of Control (as defined below) and during the two-year period following a Change of Control.

NOW,
THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which hereby are acknowledged,
the Company and the Executive hereby agree as follows:

ARTICLE 1

DEFINITIONS

For
purposes of this Agreement, each of the following terms defined in this Article
1 shall have its defined meaning wherever used in this Agreement.

1.1                               Agreement. “Agreement”
means this Change of Control Agreement, as it may be amended from time to time
as provided herein.

1.2                               Beneficial Owner and Beneficial Ownership.  “Beneficial Owner” and “Beneficial Ownership”
have the meanings given to such terms in Rule 13d-3 under the Exchange Act.

1.3                               Cause.  “Cause”
means (i) the Executive’s conviction of a felony that is injurious to the
business of the Company, (ii) the Executive’s willful and continued failure to
perform his Employment duties, (iii) the Executive’s willful misconduct that is
injurious to the business of the Company, or (iv) the Executive’s willful
violation of any material provision of any employment policy of the Company;
provided, however, that the Executive’s inability to perform his or her duties
because of a Disability shall not constitute a basis for the Company’s
termination of the Executive’s Employment for Cause.  Notwithstanding the foregoing, the Executive’s
Employment shall not be subject to termination for Cause without (w) the
Company’s delivery to the Executive of a notice of intention to terminate, such
notice to describe the reasons for the proposed Employment termination and to
be delivered to the Executive at least ten days prior to the actual termination
date, (x) an opportunity for the Executive within the period prior to the
proposed Employment termination to cure any such breach (if curable) giving 

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rise to the proposed
termination, and (y) an opportunity for the Executive, if he chooses, to be
heard before the Board of Directors of the Company.

1.4                               Change of Control.  “Change of Control” means any transaction or
series of related transactions as a result of which:

(a)                                  Any Person or group of Persons (as the term “group”
is defined in Section 13(d) of the Exchange Act and the rules and regulations
thereunder) acquires Beneficial Ownership of securities of the Company, or of
any entity resulting from a merger to which the Company is a party and is not
the surviving party, representing more than fifty percent of the combined
voting power of the then-outstanding securities of the Company or such other
entity, as applicable; provided, however, that for purposes of this Section
1.4(a), the following acquisitions of securities shall not constitute a Change
of Control:  (1) any acquisition by
Vanderstar; (2) any acquisition by a trust established by Vanderstar if Vanderstar
is a trustee of the trust; (3) any acquisition by a corporation, partnership or
limited liability company if Vanderstar has Beneficial Ownership of more than
fifty percent of the combined voting power of such corporation, partnership or
limited liability company; (4) any acquisition by the Company or by an employee
benefit plan or related trust sponsored or maintained by the Company; or (5)
any acquisition directly from the Company or Vanderstar, or both, pursuant to
an underwritten public offering of securities that is registered under the
Securities Act; or

(b)                                 The Company consummates a merger,
reorganization or consolidation to which it is a party (regardless as to
whether it is the surviving entity), or the Company sells all or substantially
all of its assets (each such transaction being referred to in this Section
1.4(b) as a “Transaction”),
unless Persons who were Beneficial Owners of the outstanding voting securities
of the Company immediately prior to the consummation of the Transaction
Beneficially Own immediately after the consummation of the Transaction at least
fifty percent of the combined voting power of the then-outstanding securities
of the Person surviving or resulting from the Transaction.

1.5                               COBRA.  “COBRA”
means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

1.6                               Code.  “Code”
means the Internal Revenue Code of 1986, as amended.

1.7                               Disability.  “Disability” means a physical or mental
disability of the Executive, as certified in a written statement from a
licensed physician selected or approved by the Executive Committee, that
results in the Executive being unable to perform his duties as an employee of
the Company on a full-time basis (after reasonable accommodation by the
Company) for (i) 120 consecutive days or (ii) 180 days (regardless of
whether such days are consecutive) during any period of 365 consecutive days.

1.8                               Employment.  “Employment” means the Executive’s employment
in any capacity with the Company.

1.9                               Exchange Act.  “Exchange Act” means the Securities Exchange
Act of 1934, as amended.

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1.10                        Good Reason.  “Good Reason” means the occurrence after a
Change of Control of any of the following actions by the Company, unless the
Executive, in his discretion, consents thereto in writing or the action by the
Company is reversed or abandoned within 30 days after the Company receives
from the Executive written notice of the Executive’s objection to the action:
(i) a reduction in the Executive’s annual base salary as in effect on the
date immediately prior to the Change of Control or a failure to make any
scheduled base salary payment within fifteen days after its due date, unless
the Company’s Board of Directors determines in good faith that such base salary
reduction is more than offset by the aggregate value of any new compensation
plans or other Employment-related benefits that are provided to the Executive
after the Change of Control; (ii) the Company’s requirement that the
Executive perform his or her Employment duties at an office that is more than
25 miles from the Company’s office at which the Executive was principally
employed on the date immediately prior to the Change of Control; (iii) a
change or diminution in Executive’s employment duties that is materially
inconsistent with the duties usually associated with the office of the President
of a corporation; or (iv) a failure by the Company to continue for the
benefit of the Executive any material compensation plan in which the Executive
participated on the date immediately prior to the Change of Control, unless the
discontinuation of such plan was outside the Company’s reasonable control or
unless the Company discontinues such plan for all of its executive
officers.  Notwithstanding the foregoing,
Good Reason for the Executive to terminate his or her Employment shall not
exist by reason of any of the Company’s actions described in the preceding
sentence if the action is preceded by a written notice from the Company of an
intention to terminate the Executive’s Employment for Cause or because of the
Executive’s Disability and is then followed by a termination of Employment for
Cause or Disability.

1.11                        JAMS.  “JAMS”
means the Judicial Arbitration Mediation Service or its successor by law or by
written agreement with JAMS.

1.12                        Person.  “Person”
means any natural person, corporation, partnership, limited liability company
or other association or entity.

1.13                        Securities Act.  “Securities Act” means the Securities Act of
1933, as amended.

1.14                        Retention Bonus.  “Retention Bonus” means the bonus
compensation that the Company has agreed to pay to the Executive pursuant to
Article 2 upon the occurrence of a Change of Control.

1.15                        Severance Payment.   “Severance Payment” means the severance
compensation that the Company has agreed to pay to the Executive pursuant to
Article 3 upon the termination of the Executive’s Employment after a
Change of Control.

1.16                        Vanderstar.  “Vanderstar” means Cornelius C. Vanderstar
and Marguerite D. Vanderstar, or either of them, individually or as trustees of
the Vanderstar Family Trust, so long as he or she is a Beneficial Owner of
capital stock of
the Company as of the date that the acquisition of securities or other
transaction in question occurs.

1.17                        Without Cause.  “Without Cause” means the termination of the
Executive’s Employment by the Company other than for Cause and other than by
reason of the death or Disability of the Executive.

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1.18                        Other Definitions.  Any term defined in any other section of this
Agreement shall have its defined meaning wherever used in this Agreement.

ARTICLE
2

RETENTION BONUS

2.1                               Right to a Retention Bonus.  The Executive shall be entitled to receive a
Retention Bonus in the amount specified in Section 2.2 if, but only if:

(a)                                  A Change of Control occurs; and

(b)                                 The Executive is an employee of the Company
as of the date the Change of Control occurred.

2.2                               Amount of the Retention Bonus.  If the Executive becomes entitled to a
Retention Bonus under this Agreement, the amount of the Retention Bonus shall
equal the product of six times the Executive’s monthly base salary that was in
effect on the date on which the Change of Control occurred; provided, however,
that any base salary that is excluded from gross income for federal income tax
purposes pursuant to Section 125 or 401(k) of the Code and any base salary that
is deferred by the Executive pursuant to an employer-sponsored deferred
compensation plan shall be included in the calculation of the Executive’s base
salary for purposes of this Section 2.2.

2.3                               Payment of the Retention Bonus.  The Retention Bonus to which the Executive is
entitled pursuant to Section 2.2 shall be paid in a lump sum within ten
days following the date on which the Change of Control occurred.

2.4                               Withholding of Taxes.  The Company may withhold from the Retention
Bonus all federal, state, local, FICA, Medicaid and similar taxes required by
applicable law to be withheld by the Company.

ARTICLE
3

SEVERANCE PAYMENT

3.1                               Right to a Severance Payment.  In addition to the Retention Bonus to which
the Executive is entitled under Section 2.1, the Executive shall be
entitled to receive a Severance Payment in the amount specified in Section 3.3
if, but only if:

(a)                                  A Change of Control occurs;

(b)                                 The Executive is an employee of the Company
as of the date of the Change of Control; and

(c)                                  (i) The Executive’s Employment is
terminated Without Cause within two years after
the Change of Control or (ii) the Executive terminates his Employment for
Good Reason within two years after
the Change of Control and within 60 days after the occurrence of the fact
or event that permitted the Executive to terminate his Employment for Good
Reason.

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3.2                               Notice of Termination.  Any purported termination of the Executive’s
Employment after the occurrence of a Change of Control for Cause or Good Reason
or because of the Executive’s Disability shall be communicated to the other
party by written notice of termination. 
The notice (i) shall be given at least 15 days prior to the
Employment termination date, (ii) shall specify the Employment termination date
(which shall not be more than thirty days after the delivery of the notice),
and (iii) shall set forth in reasonable detail the facts claimed to provide a
basis for the Employment termination for the specified reason.

3.3                               Amount of the Severance Payment.

(a)                                  If the Executive becomes entitled to a
Severance Payment under this Agreement, the amount of the Severance Payment
shall equal the product of 24 times
the Executive’s monthly base salary that was in effect on the date of the
termination of the Executive’s Employment or, if greater, that was in effect on
the date that immediately preceded the date on which the Change of Control
occurred; provided, however, that any base salary that is excluded from gross
income for federal income tax purposes pursuant to Section 125 or 401(k) of the
Code and any base salary that is deferred by the Executive pursuant to an
employer-sponsored deferred compensation plan shall be included in the
calculation of the Executive’s base salary for purposes of this
Section 3.3(a).

(b)                                 The amount of the Severance Payment
calculated under Section 3.3(a) above shall be reduced by the amount of any and
all cash severance-type payments which the Executive receives pursuant to any
other severance plan, agreement, policy or program of the Company or any of the
Company’s subsidiaries.  However, if the
amount of the cash severance-type payments received under such other severance
plan, agreement, policy or program is greater than the Severance Payment that
is payable under this Agreement, the Executive shall be entitled to the amount
payable under such other plan, agreement, policy or program in lieu of the
Severance Payment under this Agreement. 
The payment to the Executive of the Retention Bonus or any amount under
a stock option plan, stock incentive plan, shareholders’ agreement or similar
agreement in consideration for the Executive’s equity ownership interest in the
Company or any direct or indirect parent company shall not be construed as a “severance-type
payment.”

3.4                               Payment of the Severance Payment; Release
Agreement.

(a)                                  Subject to the following paragraphs of this
Section 3.4, the Severance Payment to which the Executive is entitled pursuant
to Section 3.3 shall be paid in a lump sum concurrently with the termination of
Employment of the Executive as described in Section 3.1(c).

(b)                                 As a condition to the receipt of the
Severance Payment, the Executive must execute and deliver to the Company a
general release provided by the Company, to be in form and substance reasonably
satisfactory to the Company, that releases the Company and its respective
owners, directors, officers, managers, employees, subsidiaries and agents from
any and all claims that the Executive may have against such released Persons,
whether known or unknown, absolute or contingent, other than (i) claims under
this Agreement, (ii) claims under any other written agreement to which the
Executive is a party, (iii) claims under written employee benefit plans, and
(iv) claims for accrued but unpaid salary, bonuses, vacation pay and
expense reimbursement obligations.

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3.5                               Excise Tax Limitation.  Notwithstanding anything to the contrary in
this Agreement, if the Company determines in good faith that any portion of the
Retention Bonus or Severance Payment to which the Executive is entitled would
be subject to the excise tax imposed by Section 4999 of the Code, then the
Retention Bonus or Severance Payment, as the case may be, shall be reduced by
the Company to the minimum extent necessary to avoid any such excise tax.  All determinations required to be made
pursuant to the preceding sentence shall be made by the Board of Directors of
the Company, which shall provide supporting calculations and documentation to
the Executive promptly following his request therefor.

3.6                               Withholding of Taxes.  The Company may withhold from the Severance
Payment and any other amounts payable under this Agreement all federal, state,
local, FICA, Medicaid and similar taxes required by applicable law to be
withheld by the Company.

3.7                               COBRA Payments.

(a)                                  If the Executive becomes entitled to a
Severance Payment under this Agreement and if the Executive elects under COBRA
to continue to receive any group health care coverage under COBRA, the Company
shall reimburse the Executive for the amount of the Executive’s COBRA premiums
for the period ending 24 months
after the Executive’s Employment termination. 
Each such reimbursement by the Company shall be made within 15 days
after its receipt of written evidence of a COBRA payment made by the Executive;
alternatively, the Company may make such direct payments directly on behalf of
the Executive.  Notwithstanding the
foregoing, the Company shall not be required to make any COBRA payment or
reimbursement with respect to any period after the Executive becomes covered
under any other group health plan that provides equal or greater benefits to
the Executive than the Company’s group health plan, and the Company shall
remain entitled to terminate or amend its group health plans at any time.

(b)                                 The benefits provided to the Executive under
Section 3.7(a) are in addition to, and not in lieu of, any other
post-employment health care benefits to which the Executive may be entitled
under any group health care plan or program that the Company may elect to
provide from time to time to the Executive and its other employees.

3.8                               No Mitigation Duty.  The Executive shall have no duty to mitigate
the amount of the Severance Payment, or the COBRA payments described in Section
3.7(a), by seeking other
employment or by taking any other action, and the amount of the Severance
Payment shall not be reduced by any income that the Executive receives from
subsequent employment.

3.9                               No Right to Receive Base Salary, Bonuses,
Benefits and Perquisites After an Employment Termination.

(a)                                  Except as may otherwise be agreed to in
writing between the Company and the Executive or as may be required by
applicable law with respect to continued group health care coverage under
COBRA, any obligation on the part of the Company to provide base salary,
bonuses, life and health insurance coverage, other employee benefits, expense
reimbursements and perquisites to the Executive shall terminate on the date of
the termination of the Executive’s Employment, regardless of the reason that
the Executive’s Employment terminated.

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(b)                                 Notwithstanding anything to the contrary in Section 3.9(a)
or in any other provision of this Agreement, upon a termination of Employment
for any reason (i) the Executive shall be entitled to receive any base
salary that is accrued but unpaid as of the Employment termination date, (ii)
to the extent provided by written Company policies or by applicable law, the
Executive shall be entitled to receive any bonus or vacation pay that is
accrued but unpaid as of the Employment termination date, (iii) the Executive
shall be entitled to receive any compensation that he previously deferred in
accordance with the terms of any written deferred compensation plan maintained
by the Company, and (iv) the Executive shall remain entitled to be reimbursed
for any business expenses that were properly incurred by him during the
Executive’s Employment in accordance with Company policies.

3.10                        No Payments or Benefits Prior to a Change of
Control.  Prior to a Change of Control,
the Executive shall not be entitled to receive any Retention Bonus, Severance
Payment or other payments or benefits under this Agreement.  Except as provided below in Section 3.15, the
Executive shall not be entitled to receive any Retention Bonus, Severance
Payment or other payments or benefits under this Agreement if his Employment is
terminated for any reason prior to a Change of Control and if a Change of
Control subsequently occurs.

3.11                        No Death, Disability or Retirement Payments
or Benefits Payable Under this Agreement. 
Except as provided in Section 2.1 with respect to a Retention Bonus
and in Section 3.9(b) with respect to accrued but unpaid salary, vacation
time, bonuses and other specified accrued items, this Agreement does not
provide the Executive with a right to receive a Severance Payment or any other
payments or benefits if his Employment terminates before or after the
occurrence of a Change of Control by reason of Disability, death, retirement or
for any other reason except a termination described in Section 3.1(c).

3.12                        Benefits Under Other Company Plans.  Except as provided above in Section 3.3(b),
the Severance Payment shall not reduce any amounts otherwise payable to the
Executive under, or in any way diminish any of the Executive’s rights as an
employee under, any written employee benefit, retirement or incentive plan or
written employment agreement to which the Executive is now, or subsequently
becomes, a party or a participant.

3.13                        At Will Employment.  Neither this Agreement nor the Retention
Bonus or Severance Payment payable hereunder shall be deemed to limit, replace
or otherwise affect the “at will” nature of the Executive’s Employment, and
this Agreement shall not be construed as an employment contract.  The Executive’s Employment may be terminated
by either the Company or the Executive at any time and for any reason
(including for no specified reason), and nothing contained in this Agreement
shall be construed as creating any minimum period of Employment.  Except as specifically provided (i) in this
Agreement, (ii) in any written employment agreement or other written agreement
that the Executive may enter into with the Company, or (iii) in any written
employee manual, policy or benefit plan that the Company has provided to the
Executive, the Company shall have no obligation to make any compensation,
severance or other payments to the Executive, or to provide any other benefits
to the Executive, after the date of the termination of the Executive’s
Employment for any reason.  This
Agreement does not provide a pension for the Executive nor shall any payment
hereunder be characterized as deferred compensation.

 7
 

 

3.14                        Term of this Agreement.  This Agreement shall commence on the date set
forth above.  If a Change of Control has
not occurred, either the Company or the Executive may terminate this Agreement
and all obligations of the parties hereunder upon the delivery of at least one
year’s prior written
notice to the other party; provided, however, that if a Change of Control
occurs prior to the effective date of the termination notice described in the
preceding sentence, this Agreement shall not terminate pursuant to such
termination notice.  Furthermore, this
Agreement may be terminated after the occurrence of a Change of Control only by
the written agreement of the Company and the Executive; provided, however, that
the Executive shall be entitled to a Severance Payment hereunder only as
provided in Section 3.1.

3.15                        Termination of Employment in Anticipation of
a Change of Control. 
Notwithstanding anything to the contrary in this Agreement, if the
Executive’s Employment is terminated within 90 days prior to the
occurrence of a Change of Control, the Executive shall be entitled to claim
that his or her Employment was terminated (i) by the Company Without Cause or
by the Executive for Good Reason and (ii) directly as a result of the
anticipated Change of Control.  The
Executive shall have the burden of proving such claim.  A Retention Bonus in the amount described in
Section 2.1, a Severance Payment in the amount described in Section 3.3
and the COBRA payments described in Section 3.7 shall be owed to the Executive if, but only if, (i) the Company in its
absolute discretion agrees with the Executive’s claim or (ii) an arbitrator
agrees with the Executive’s claim and awards a Retention Bonus, Severance
Payment or COBRA payments in an arbitration proceeding brought pursuant to
Section 4.14 below.  All other
provisions of this Article 3 shall be applicable to any Retention Bonus,
Severance Payment and COBRA payments to
which the Executive becomes entitled under this Section 3.15.

3.16                        Confidential Information.  After the termination for any reason of the
Executive’s Employment, the Executive shall at no time, without the prior
written consent of the Company or as may otherwise be required by a court of
competent jurisdiction, (i) directly or indirectly divulge to any Person other
than the Company or a Person designated in writing by the Company any
confidential information or trade secrets regarding the Company or any of its
subsidiaries or affiliated companies or (ii) directly or indirectly use any
such confidential information or trade secrets for the Executive’s personal
benefit or the benefit of any Person other than the Company and its
subsidiaries and affiliates in the Executive’s performance of his employment
duties.

ARTICLE
4

GENERAL PROVISIONS

4.1                               Successors and Assigns.  This Agreement shall be binding upon, and
shall benefit, the personal representative, estate, beneficiaries (by will or
by the laws of descent and distribution), and other successors and assigns of
each party to this Agreement.  However,
this Agreement is personal to the Executive and may not be assigned by him
other than by will or the laws of descent and distribution.  The Company shall require any successor by
purchase, merger or otherwise to all or substantially all of the business and
assets of the Company to assume and agree to perform the Company’s obligations
under this Agreement, in the same manner and to the same extent that the
Company would be required to perform such obligations if no such succession had
taken place.

 8
 

 

4.2                               Expenses.  Except as otherwise provided in Sections 4.14
and 4.15 of this Agreement, each party to this Agreement shall bear its own
costs and expenses incurred in connection with this Agreement.

4.3                               Notices.  All notices and other communications required
or permitted by this Agreement to be given by one party to another party shall
be delivered in writing, by registered or certified United States mail (postage
prepaid and return receipt requested) or by reputable overnight delivery
service, to the Company or the Executive, as applicable, at the address that
appears on the signature page of this Agreement (or to such other address that
one party gives the other in the foregoing manner).  Any such notice or other communication that
is sent in the foregoing manner shall be deemed to have been delivered three
days after deposit in the United States mail or one day after delivery to an
overnight delivery service.

4.4                               Entire Agreement.  This Agreement constitutes the entire
agreement of the Company and the Executive relating to the subject matter of
this Agreement and supersedes any and all other prior agreements and
understandings (written or oral) relating to such subject matter.

4.5                               Calculation of Time.  Wherever in this Agreement a period of time
is stated in a number of days, it shall be deemed to mean calendar days.  However, when any period of time so stated
would end upon a Saturday, Sunday, or legal holiday, such period shall be
deemed to end upon the next day following that is not a Saturday, Sunday or
legal holiday.

4.6                               Further Assurances.  Each party to this Agreement shall perform
any further acts and execute and deliver any further documents that may be
requested by another party and that are reasonably necessary to carry out the
provisions of this Agreement.

4.7                               Provisions Subject to Applicable Law.  All provisions of this Agreement shall be
applicable only to the extent that they do not violate any applicable law, and
are intended to be limited to the extent necessary so that they will not render
this Agreement invalid, illegal or unenforceable under any applicable law.  If any provision of this Agreement or any
application thereof shall be held to be invalid, illegal or unenforceable, the
validity, legality and enforceability of other provisions of this Agreement or
of any other application of such provision shall in no way be affected thereby.

4.8                               Waiver of Rights.  Neither party to this Agreement shall be
deemed to have waived any right or remedy that it has under this Agreement
unless this Agreement expressly provides a period of time within which such
right or remedy must be exercised and such period has expired or unless such
party has expressly waived the same in writing. 
The waiver by a party of a right or remedy hereunder shall not be deemed
to be a waiver of any other right or remedy or of any subsequent right or
remedy of the same kind.

4.9                               Headings; Gender and Number. The headings
contained in this Agreement are for reference purposes only and shall not
affect in any manner the meaning or interpretation of this Agreement.  Where appropriate to the context of this
Agreement, use of the singular shall be deemed also to refer to the plural, and
use of the plural to the singular, and pronouns of one gender shall be deemed
to comprehend either or both of the other genders.  The terms “hereof,”

 9
 

 

“herein,” “hereby,” and
variations thereof shall, whenever used in this Agreement, refer to this
Agreement as a whole and not to any particular section hereof.

4.10                        Amendment and Termination.  This Agreement may be amended only pursuant
to a writing executed by the Company and the Executive.  This Agreement may be terminated only as
provided above in Section 3.14 or pursuant to a writing executed by the Company
and the Executive.

4.11                        Counterparts.  This Agreement may be executed in two
counterparts, and by each party on a separate counterpart, each of which shall
be deemed an original, but both of which taken together shall constitute but
one and the same instrument.  This
Agreement may be executed by facsimile signature.

4.12                        Representation of the Executive;
Interpretation of This Agreement.  The
Executive acknowledges that he has had an adequate opportunity to review this
Agreement with the Executive’s counsel, if any, prior to executing this
Agreement.  The terms of this Agreement
have been negotiated by the Company and the Executive, and the language used
herein was chosen by the parties to express their mutual intent.  This Agreement shall be construed without
regard to any presumption or rule requiring construction against the party
causing the instrument to be drafted. 
The Executive further acknowledges that (i) Troy & Gould
Professional Corporation has served as counsel to the Company only (and not to
the Executive) in connection with this Agreement, and (ii) neither the
Company nor its agents or representatives has made any representations to the
Executive regarding the tax consequences to him of any payments pursuant to
this Agreement.

4.13                        Governing Laws.  This Agreement shall be governed by, and
construed and enforced in accordance with, the internal laws of the State of
California without giving effect to conflict-of-law principles.

4.14                        Arbitration of Disputes; Jury Trial Waiver.

(a)                                  To the fullest extent permitted by applicable
law, all disputes arising between the Company and the Executive concerning the
interpretation or enforcement of this Agreement shall be submitted to final and
binding confidential arbitration, before one arbitrator, in accordance with the
applicable Comprehensive Arbitration Rules and Procedures of JAMS in effect on
the date of such arbitration including, without limitation, the discovery
rights that are expressly provided by the Comprehensive Arbitration Rules and
Procedures of JAMS.  All arbitration
proceedings shall be conducted in Los Angeles, California, and shall be
administered by JAMS.  Each party
consents to such venue and jurisdiction and agrees that personal jurisdiction
over such party for purposes of the arbitration proceeding or for any court
action that is permitted by this Agreement may be effected by service of
process addressed and delivered as provided in Section 4.3.

(b)                                 A party shall be entitled to initiate an
arbitration proceeding if a dispute cannot be resolved amicably within thirty
days after the other party or parties have been notified in writing of the
existence of the dispute.  The parties
shall attempt to agree upon the arbitrator, who shall be a retired California
state or federal court judge from the Los Angeles, California, office of JAMS.  If the parties cannot agree upon an
arbitrator within fifteen days after the matter is submitted for arbitration, a
retired California state or federal court judge from the Los Angeles, 

 10
 

 

California, office of JAMS promptly shall be appointed
in accordance with the applicable rules of JAMS to serve as the sole
arbitrator.  Each party shall have the
right to be represented by counsel in the arbitration proceeding and, if
required by JAMS, the arbitration proceeding shall comply with the JAMS “Minimum
Standards of Procedural Fairness for Employment Arbitration.”

(c)                                  The arbitrator hereby is instructed to
interpret and enforce this Agreement in strict accordance with its terms, and
the arbitrator shall not have the right or power to alter or amend any term of
this Agreement except to the limited extent expressly provided in
Section 4.7.  The arbitrator is
required to apply applicable substantive law in making an award, and the
arbitrator is required to issue a written decision that summarizes the findings
and conclusions upon which the award is based. 
An award of the arbitrator that is in violation of the requirements of
either of the two immediately preceding sentences shall constitute an action
that exceeds the arbitrator’s power under this Agreement and, as such, may be
vacated by a court of competent jurisdiction. 
The arbitrator’s award may be enforced in any court having jurisdiction
over the matter.

(d)                                 Notwithstanding the preceding provisions of
this Section 4.14, each party is entitled to bring an action for temporary or
preliminary injunctive relief at any time in any court of competent
jurisdiction in order to prevent immeasurable and irreparable injury that might
result from a breach of this Agreement.

(e)                                  EACH PARTY AGREES THAT, IN
CONNECTION WITH AND AS PART OF THE ARBITRATION PROVISIONS OF THIS
SECTION 4.14, ALL RIGHTS TO A TRIAL BY A JURY OF ANY CLAIM ARISING OUT OF
OR RELATING TO THIS AGREEMENT ARE FOREVER AND ABSOLUTELY WAIVED.

4.15                        Attorneys’ Fees and Other Expenses.  To the fullest extent permitted by applicable
law, the unsuccessful party to any arbitration proceeding or to any court
action that is permitted by this Agreement shall pay to the prevailing party
all costs and expenses, including, without limitation, reasonable attorneys’
fees, incurred in the arbitration proceeding or the court action by the
successful party, all of which shall be included in and as a part of the award
rendered in the proceeding or action. 
For purposes of this Section 4.15, attorneys’ fees shall include,
without limitation, fees incurred in connection with post-judgment and
post-award actions.  Notwithstanding the
preceding provisions of this Section 4.15, if required by applicable California
law, the Company shall pay the fees of the arbitrator and all other fees that
are charged by JAMS in connection with the arbitration proceeding.

[Signature page follows]

 11
 

 

IN WITNESS WHEREOF, the undersigned have executed and
delivered this Agreement as of the date first above written.  

	
   

  	
  INTERNATIONAL ALUMINUM
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Cornelius C.
  Vanderstar

  	
   

  
	
   

  	
   

  	
  Cornelius C.
  Vanderstar

  
	
   

  	
   

  	
  Chairman of the
  Board

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Address:

  
	
   

  	
   

  
	
   

  	
  767 Monterey
  Pass Road

  
	
   

  	
  Monterey Park,
  California 91754

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Ronald L.
  Rudy

  	
   

  
	
   

  	
  Executive’s
  Signature

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Ronald L. Rudy

  	
   

  
	
   

  	
  Print
  Executive’s Name

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Executive’s
  Address:

  
	
   

  	
   

  
	
   

  	
  6261 Majorca
  Circle

  
	
   

  	
  Long Beach,
  California 90803

  

 

 12

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