Document:

EX-10.164

	

Exhibit 10.164 

EMPLOYMENT AGREEMENT 

             
             EMPLOYMENT
 AGREEMENT  (“Agreement”)  made this 2nd day of January,  2004, by and between Lippert
 Components,  Inc., a Delaware  corporation  (the “Company”) and L. Douglas Lippert (the
“Executive”). 

W I T N E S S E T H :

             
             WHEREAS,
 the Executive has been the Chairman of the Company,  the Company desires to secure his
continued services for the Company,  and the Executive is willing to perform such
services, upon the terms and conditions hereinafter set forth; 

             
             NOW,
 THEREFORE,  in consideration of the mutual covenants and agreements herein contained,
 and in reliance upon the respective  representations and warranties made to them in this
Agreement, the parties hereto agree as follows: 

     
        1.
RETAINER  

             
             1.1
The Company hereby retains the Executive and the Executive hereby agrees to serve the
Company as Chairman of the Board of Directors of the Company and each of its subsidiaries
and as a general advisor to the Company, under the terms and conditions of this
Agreement.  

     
        2.
TERM  

             
             The
term of this  Agreement,  unless  sooner  terminated  pursuant  to the terms  hereof,
 shall be for the three (3) year period  commencing  on January 1, 2004 and continuing
through December 31, 2006 (the “Term”). 

     
        3.
SERVICES - LOCATION  

             
             3.1
The Executive shall serve the Company faithfully, efficiently and diligently as its
Chairman and as a general advisor with respect to the Company’s business.  

             
             3.2
The Executive shall be available to render such services to the Company from time to time
in person, upon reasonable notice to the Executive, as the Company shall reasonably deem
necessary; provided, however, that the Executive shall not be required to perform more
than twenty-five (25) hours of service per week during the first year of the Term, and
ten (10) hours of service per week during each of the second and third years of the Term.  

     
        4.
COMPENSATION  

             
             The
Company  agrees to pay the Executive  during the Term for all services to the Company,
 and the  Executive  agrees to accept,  compensation  in the amount of (i) Three Hundred
Thousand ($300,000) Dollars during the first year of the Term and (ii) One Hundred
Thousand ($100,000) Dollars during each of the second and third years of the term. 

 

	

     
        5.
EXPENSES, BENEFITS  

             
             5.1
All reasonable travel, entertainment and other expenses actually incurred incident to the
rendering of services by the Executive hereunder and consistent with Company’s
travel policies will be paid by the Company. If any such expenses are paid in the first
instance by the Executive, the Company will reimburse him therefor on presentation of
expense vouchers.  

             
             5.2
The Executive and his immediate family shall continue to receive medical coverage, and
the Executive shall continue to receive disability and long-term care insurance, at least
equivalent, in nature and extent, to the coverage afforded by the Company prior to the
date hereof.  

             
             5.3
The Executive shall be eligible to participate in any pension, retirement or
profit-sharing plan available to executives of the Company.  

             
             5.4
During the period of employment hereunder, the Company, at it expense, will make
available to the Executive one automobile (or an automobile allowance at the option of
the Executive), together with gasoline credit cards, customary insurance, maintenance,
license fees, and parking, to be used in connection with the business of the Company. The
Company will pay for all maintenance and parking of such automobile.  

     
        6.
TERMINATION  

             
             6.1
If, on account of physical or mental disability as certified in writing by a reputable
doctor selected by the Company, the Executive shall fail or be unable to fully perform
this Agreement for an aggregate of twenty-five (25) days during any three month period of
this Agreement, the Company may at any time thereafter upon five (5) days written notice
to the Executive, terminate this Agreement; and upon any such termination, the Company
shall have no further obligation or liability to the Executive, except that the Company
shall continue to pay the Executive the compensation payable pursuant to Section 4 and
the benefits provided pursuant to Section 5.2 until the first to occur of (i) the
expiration of the Term or (ii) one year from the date of termination.  

             
             6.2
In the event of the death of the Executive during the Term, all obligations of the
Company pursuant to this Agreement shall terminate on the date of death, except that the
Company shall continue to pay the estate of the Executive the compensation payable
pursuant to Section 4 and shall provide to the Executive’s immediate family the
benefits pursuant to Section 5.2 until the first to occur of (i) the expiration of the
Term or (ii) one year from the date of death.  

             
             6.3
The Company shall have the right to terminate this Agreement, at any time, upon five (5)
days written notice to the Executive in the event that (i) the Executive shall engage in
conduct which constitutes gross negligence with respect to the performance of services
hereunder; or (ii) the Executive shall engage in conduct which could reasonably be
expected to have a materially adverse effect on the Company or any affiliate of the
Company; or (iii) the Executive shall fail to devote the time, attention and efforts to
the performance of services hereunder as required hereby; or (iv) the Executive shall
commit any act of dishonesty, embezzlement, fraud, accepting bribery or kickbacks or
similar acts involving the Company, or in connection with the Executive’s
performance of services hereunder, or shall be convicted of, or plead guilty or nolo
contendere to, a felony or any crime involving moral turpitude, or shall suffer habitual
absenteeism as a result of substance abuse; or (v) the Executive shall have breached any
of the representations, warranties, covenants or agreements contained herein. Upon any
termination pursuant to this Section 6.3, the Company shall have no further obligation or
liability to the Executive.  

- 2 - 

	

             
             6.4
In the event the Executive terminates this Agreement, the Company’s sole obligation
shall be to pay the Executive the compensation pursuant to Section 4.1 until the date of
termination and the Company shall have no further obligation or liability to the
Executive.  

     
        7.
NON-COMPETITION - CORPORATE PROPERTY  

             
             7.1
During the Term, and for a period of seven (7) years after the termination or expiration
of this Agreement, the Executive shall not, directly or indirectly, (i) undertake or
perform any services in or for any other enterprise that may or would interfere with his
due performance of services hereunder; or (ii) undertake or perform any services in or
for, or render services to, any business competitive to that of the Company.  

             
             7.2
For purposes of this Agreement, a business shall be deemed competitive if it is conducted
in any geographic or market area in which the Company is engaged in business during the
period covered by Section 7.1 and involves the creation, development, design,
manufacture, production, marketing, packaging or sale of any products or services offered
by the Company or its subsidiaries and affiliates during the term of this Agreement.  

             
             7.3
The Executive recognizes and acknowledges that, in the course of the performance of
services hereunder, he may be given access to and may acquire information of a secret and
special nature, and of unique value to the Company. Accordingly, the Executive shall not
at any time, during the term of this Agreement or for a period of seven (7) years after
the termination or expiration of this Agreement, (i) divulge to any person, firm,
association, corporation or other entity any information with respect to the business of
the Company and its affiliates that he may acquire in connection with the performance of
services hereunder, including, but not limited to, production manufacturing methods,
arrangements or processes; sales methods or arrangements; customer or supplier
information; technical data; know-how and other information, whether or not commonly
regarded as proprietary information or trade secrets.  

     
        8.
ADDITIONAL PROVISIONS  

             
             8.1
All notices and other communications hereunder shall be in writing and shall be given
(and shall be deemed to have been duly given upon receipt) by delivery in person,
telegram, telex, facsimile or other standard form of telecommunication, or by registered
or certified post-paid mail, return receipt requested, and addressed as follows, or to
such other address as any party may notify the other in accordance with provision hereof:  

- 3 - 

	To
      the Company:		Lippert
      Components, Inc.

      2766 College Avenue 

      Goshen, IN 46528 

      
		             		
			Attention:

      Telephone:

      Telecopy: 

      	President 

      574-535-2085

      574-535-2091
		  		
			- copy to -	
		   		
			Drew
      Industries Incorporated

      200 Mamaroneck Avenue 

      Suite 301 

      White Plains, New York 10601
			Attention:
      

      Telephone: 

      Telecopy: 

      	President 

      914-428-9098

      914-428-4581
		  		
			- and -	
		   		
			Phillips
      Nizer LLP 

      666 Fifth Avenue - 28th Floor

      New York, New York 10019 
			Attention:
      

      Telephone: 

      Telecopy: 

      	Harvey F. Milman,
      Esq.                     

      (212) 841-0746 

      (212) 262-5152 
		    		
	To
      the Executive:		L.
      Douglas Lippert 

      Le Rivage - PH #3 

      4351 Gulf Shore Blvd North

      Naples, Florida 34103 

	

             
             8.2
The invalidity of all or any part of any section, paragraph or subparagraph of this
Agreement shall not render invalid the remainder of this Agreement, or the remainder of
any such section, paragraph or subparagraph, provided that the essential terms and
conditions of the Agreement remain valid and enforceable.  

             
             8.3
This Agreement constitutes the entire agreement between the parties, and there are no
terms other than those contained herein. No variations hereof shall be deemed valid
unless in writing and signed by the parties hereto, and no discharge of the terms hereof
shall be deemed valid unless by full performance by the parties hereto, or by writing
signed by the parties hereto.  

             
             8.4
The Company may, but shall not be obligated to, apply for and maintain fidelity bonds or
similar insurance with respect to the acts or omissions of the Executive. The Executive
agrees to take such steps and perform such acts as shall be necessary to assist the
Company in obtaining or maintaining in effect such bonds or insurance, including the
completion of the required applications and questionnaires, the furnishing of any
required references, and consenting, upon request, to any required background, financial
or other investigations.  

- 4 - 

	

             
             8.5
In connection with any legal proceeding arising hereunder between the Company and the
Executive, the prevailing party, by motion, on the merits, or otherwise, shall be
reimbursed by the other party for all costs and expenses, including reasonable attorneys’fees,
paid or incurred by the prevailing party in prosecuting or defending such proceeding.  

             
             8.6
This Agreement shall be governed by the laws of the State of New York, without giving
effect to the principles of conflicts of laws, including, but not limited to, matters of
construction, validity and performance. Each party hereto hereby irrevocably submits to
the exclusive jurisdiction of the United States District Court for the Southern District
of New York and any court of competent jurisdiction of the State of New York located in
New York City over any suit, action or proceeding arising out of or relating to this
Agreement.  

             
             8.7
This Agreement shall inure to the benefit and be binding upon the Company, and its
assigns and the Executive and his heirs, executors, administrators and legal
representatives.  

	     	Lippert Components,
      Inc.

      

      

      By: /s/ Leigh J. Abrams 

      

      /s/ L. Douglas Lippert 

	

- 5 -EX-10.195

	

Exhibit 10.195 

LICENSE
AGREEMENT

This License Agreement is
entered into and effective as of February 28, 2003, by and between Versa
Technologies, Inc., VT Holdings II, Inc. and Engineered Solutions LP and their
respective parent, subsidiary and affiliated entities, (hereinafter
“LICENSORS”), and Lippert Components, Inc., (hereinafter
“LICENSEE”). 

     
        WHEREAS
the parties have entered into a settlement agreement concurrently herewith (“the
Settlement Agreement”) to settle certain litigation specified in the Settlement
Agreement between LICENSORS and LICENSEE; and  

     
        WHEREAS,
the Settlement Agreement provides that LICENSORS will license LICENSEE with certain
patent rights.  

     
        NOW,
THEREFORE, PURSUANT AND SUBJECT TO THE TERMS OF THE SETTLEMENT AGREEMENT, IT IS AGREED AS
FOLLOWS:  

     
        1.
Definitions  

             
             1.1
“Licensed Rights” shall mean U.S. Patent Nos. 5,758,918; 6,176,045; and
6,182,401 (“the Patents”) any continuations, divisions, continuations-in-part,
reissues, reexaminations or extensions thereof, any patent whether or not now pending or
issued, which claims or could claim a valid right of priority to any of the foregoing,
any patent to which any Patent claims or could claim a valid right of priority, and any
other patent issued now or to be issued in the future and owned or licensed by LICENSORS
concerning the subject matter of Slide-Out Systems defined below.  

             
             1.2
“Licensed Products” shall mean the products manufactured by Licensee which, in
the course of their manufacture, use, offer for sale or sale, would, in the absence of
this license, infringe one or more claims of the Licensed Rights, including but not
limited to the current Lippert Slide-Out Systems commercially designated as the “Lippert
Electric Slideout System” and the “HydraGear,” as illustrated and
described in the product instruction manuals annexed as Attachment E and Attachment F,
respectively, and including minor modifications such as changes in materials and
dimensions, which HydraGear system employs a telescoping cross shaft as depicted in the
Lippert Electric System instruction manual (the “Slide-Out System”).  

     
        2.
License Grant.  

             
             Subject
to the terms hereof,  LICENSORS  hereby grant to Licensee a  non-exclusive,  license to
make,  use, sell and offer for sale the Licensed  Products  under the Licensed  Rights,
 without right to  sublicense,  and  non-transferable  except as provided  below,
 subject to payment of the  royalties  set forth in Paragraph  2(b) through (f) of the
Settlement Agreement. 

 

	

     
        3.
Term and Termination.  

             
             The
term of this License  Agreement shall extend from the effective date hereof until
expiration of the last to expire of the Patents,  except as otherwise  provided in
Paragraph 3(e) of the Settlement Agreement. 

     
        4.
General.  

             
             4.1
This License Agreement shall not be transferred or assigned by the Licensee without the
written consent of LICENSORS, which consent shall not be unreasonably withheld, except
that no consent shall be required if the transfer or assignment (1) is to a subsidiary,
parent or affiliate of LICENSEE; (2) is part of a transfer of all or substantially all of
the assets of the LICENSEE, to a subsidiary, parent or affiliate of LICENSEE; or (3)
constitutes a grant of a security interest in connection with financing in which the
lender is granted a general security interest in LICENSEE’s assets, provided that no
such grant of security interest, and no lien rising thereunder, shall permit the sale of
any rights under this License Agreement to any person or entity other than a subsidiary,
parent or affiliate of LICENSEE. LICENSOR’s rights, title and interest in this
License Agreement may be assigned in the sole discretion of LICENSOR, provided that such
assignment does not result in any impediment to the rights of LICENSEE hereunder.  

             
             4.2
Licensee shall assume all liability, including without limitation product liability,
arising from its manufacture, use, offer or sale of the Licensed Products pursuant to
this License Agreement and/or the Settlement Agreement, and agrees to indemnify and hold
LICENSORS harmless for any liability to any persons not a party to this Agreement in
connection with its manufacture, use, offer or sale of the Licensed Products, except to
the extent that LICENSORS provide any component of any Licensed Product.  

             
             4.3
LICENSORS undertake no obligation to provide technical advice or assistance with respect
to the manufacture, use, offer or sale of the Licensed Products under this Agreement.  

             
             4.4
Except for the Settlement Agreement, which shall take precedence over this License
Agreement in case of any conflicting terms, this License Agreement constitutes the entire
agreement by, between and among the parties and the terms hereof cannot be modified or
changed, except in writing signed by the parties hereto.  

             
             4.5
Neither party may waive or release any of its rights or interest in this Agreement except
in writing. No waiver by either party of any default by the other shall constitute a
waiver of a like, similar or other default thereafter.  

             
             4.6
       LICENSEE  shall apply a statutory  patent marking notice in compliance  with 35
U.S.C. ss.287 on all Licensed  Products.  Licensee  agrees that it will not use LICENSORS’
 name without the express written permission of LICENSORS. 

             
             4.7
LICENSORS, on the one hand, and LICENSEE on the other hand, shall each be responsible for
any taxes or import duties, however designated, that may be assessed against either of
them as, respectively, LICENSORS and LICENSEE. LICENSORS represent and warrant that they
have the power, right and authority to grant the license granted herein and to execute
this License Agreement.  

 

	

             
             4.8
       This Agreement shall be governed by and interpreted in accordance with the laws of
the State of Wisconsin. 

             
             4.9
Any notices required or permitted to be given under the terms of this License Agreement
shall be given as specified in Paragraph 15 of the Settlement Agreement.  

(Signature Page Follows)

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