Document:

<PAGE>   1

                                                                   EXHIBIT 10.14

                                   JONAS BRUUN

                                    LAW FIRM

METTE RAVN STEENSTRUP                                            31 August 2000
ATTORNEY-AT-LAW
BREDGADE38
DK-1260 COPENHAGEN K

                               EMPLOYMENT CONTRACT

             for the position of President, YORK Refrigeration Group

                                     between

                             York Refrigeration ApS

                                       and

                                  Ole Andersen

<PAGE>   2

                                                                               2

                                   JONAS BRUUN

TABLE OF CONTENTS

1.     The Duties and the Obligations of the President, YORK Refrigeration Group
1.1    Commencement
1.2    Responsibilities
1.3    Tasks Assigned to the President, YORK Refrigeration Group
1.4    Confidentiality and Surrender of Material
1.5    Inventions and other Special Rights
1.6    Competition Clause
2.     The President, YORK Refrigeration Group's Financial Conditions
2.1    Remuneration
2.2    Cash Bonus and Incentives
2.3    Car, and Telephone
2.4    Travel, Representation and Training
2.5    Pension
2.6    Accident Insurance
2.7    Vacation
3.     Termination
3.1    Duration of Employment
3.2    Payment of Salary after the President, YORK Refrigeration Group's Death
3.3    Breach of Contract
4.     Governing Law and Disputes
4.1    Governing Law
4.2    Negotiation
4.3    Arbitration
5.     Signature

<PAGE>   3
                                                                               3

                                   JONAS BRUUN

                    YORK REFRIGERATION ApS
                    Chr. X's Vej 201
                    DK-8270 Hojbjerg
                    Denmark
                    CVR N0 19056171
                    (hereafter called "the Company")

and

                    OLE ANDERSEN
                    Hennelinvej 4
                    DK-8270 Hojbjerg
                    Denmark
                    (hereafter called "President, YORK Refrigeration Group")

have today agreed to enter into the following

         EMPLOYMENT CONTRACT

         replacing all other agreements between Ole Andersen and the Company,
         irrespective of whether the agreements are in writing or oral.

1.           THE DUTIES AND THE OBLIGATIONS OF THE PRESIDENT, YORK REFRIGERATION
             GROUP

1.1          Commencement

1.1.1        Mr. Ole Andersen commenced his employment as President, YORK
             Refrigeration Group immediately upon the closing of the purchase of
             Sabroe Refrigeration A/S by YORK International, Corporation, on
             June 10, 1999. Mr. Ole Andersen is appointed both President in YORK
             Refrigeration Group and Managing Director of the Company.

1.1.2        Notification of the appointment of the President, YORK
             Refrigeration Group will be submitted to the Danish Commerce and
             Companies Agency. The President, YORK Refrigeration Group, shall be
             registered as of 10 June 1999 as Managing Director with the Danish
             Commerce and Companies Agency.

<PAGE>   4
                                                                               4

                                   JONAS BRUUN

1.2          Responsibilities

1.2.1        The President, YORK Refrigeration Group shall be responsible for
             the day-to-day operation of all the Refrigeration Group's
             activities. National and international activities as well as the
             day-to-day management of the Company.

1.2.2        The Chief Executive Officer for YORK International provides the
             guidelines that will always apply to the Refrigeration Group. It is
             the President, YORK Refrigeration Group's responsibility to ensure
             that these guidelines or any other guidelines, policies or
             instructions issued by the Chief Executive Officer, are respected
             in all the Refrigeration Group's operations, and further to ensure
             that the operations are carried out in accordance with and within
             the boundaries of the Company's by-laws, rules of conduct for the
             management, budgets and the relevant laws. All extraordinary
             matters or matters of great significance must be presented by the
             President, YORK Refrigeration Group to the Chief Executive Officer
             and is subject to prior written consent of the Chief Executive
             Officer for YORK International. Furthermore it is the President,
             YORK Refrigeration Group's responsibility to keep the Chief
             Executive Officer fully informed of all issues concerning the
             Refrigeration Group that can be assumed to be of interest to YORK
             International's Executive Management, including the Chief Executive
             Officer and board of directors.

1.2.3        The President, YORK Refrigeration Group employs and dismisses the
             Refrigeration Group's staff. Employment and dismissal of members of
             the Refrigeration Group's top management (defined as Vice
             Presidents) requires prior agreement with YORK International's
             Chief Executive Officer, Chief Executive Officer and shall take
             place in cooperation the Corporate Vice President, Human Resources.

1.3          Tasks Assigned to the President, YORK Refrigeration Group

1.3.1        The President, YORK Refrigeration Group, shall devote his full
             attention, energies, skills and knowledge to the YORK Refrigeration
             Group, the Company and its subsidiaries during his employment, and
             must serve YORK International's and the Company's interests to the
             greatest extent possible. During his employment the President, YORK
             Refrigeration Group is thus not entitled, without the prior written
             consent of the Chief Executive Officer in every single case, to
             engage in any other business activity - actively or passively - or
             to have other paid or unpaid occupation or to accept other paid
             tasks.

<PAGE>   5
                                                                               5

                                   JONAS BRUUN

1.3.2        During the term of this contract the President, YORK Refrigeration
             Group is not entitled to own any other businesses or companies
             without Chief Executive Officer's prior written consent in each
             individual case. However, the President, YORK Refrigeration Group
             is entitled to make so-called ordinary investments (in for instance
             quoted securities and the like) that do not give President, YORK
             Refrigeration Group a controlling interest. Investments made by the
             President, YORK Refrigeration Group must not entail liability that
             exceed the amount invested.

1.3.3        The President, YORK Refrigeration Group must not be indebted to the
             Company. Furthermore, the President, YORK Refrigeration Group must
             not without obtaining the Chief Executive Officer's prior written
             consent in each individual case provide surety or any other kind of
             guarantee for any third party. This does not apply to sureties or
             guarantees provided by the President, YORK Refrigeration Group to
             his close relatives.

1.4          Confidentiality and Surrender of Material

1.4.1        The President, YORK Refrigeration Group shall observe complete
             confidentiality with respect to all matters coming to his knowledge
             during the performance of his duties in his capacity of President,
             YORK Refrigeration Group, unless such matters are of a nature
             requiring communication to third parties. This secrecy obligation
             also applies - timeunlimited - after the expiration of this
             agreement no matter why it expires.

1.4.2        When the President, YORK Refrigeration Group resigns from his
             position - regardless of the reason for his resignation - all
             material belonging to the Company, YORK International or any
             company in the YORK Group in the President, YORK Refrigeration
             Group's possession must be surrendered to the Company, YORK
             International or any company in the YORK Group. No lien of material
             belonging to the Company shall be exercised.

1.5          Inventions and other Special Rights

1.5.1.1      Any invention, know-how or other type of intellectual property
             right whether substantiated or not created by the President, YORK
             Refrigeration Group or to which the President YORK Refrigeration
             Group has been contributory in the service of the Company, YORK
             International or any company in the YORK Group shall belong to the
             Company, YORK International or any company in the

<PAGE>   6
                                                                               6

                                  JONAS BRUUN

             YORK Group. The President, YORK Refrigeration Group, shall not be
             entitled to any remuneration for such invention, know-how etc.

1.5.2        Improvement inventions, development of new systems and products,
             market strategies etc. shall belong to the Company absolutely
             whether or not protection hereof can be obtained.

1.6          Competition Clause

1.6.1        After resignation from the Company the President, YORK
             Refrigeration Group shall not for two years from the date of
             termination of this contract directly or indirectly engage in or
             become financially involved in any business world wide that fully
             or partly competes with the activities of YORK International, the
             Company, their subsidiaries or associated companies at the time,
             unless the President, YORK Refrigeration Group obtains the Chief
             Executive Officer's prior written consent to do so. Similarly the
             President, YORK Refrigeration Group shall not enter into an
             agreement for employment with or work for such business, and he
             shall not join the board of directors of such business nor become a
             consultant or commissioner to it.

1.6.2        The competition clause does not apply, if the President, YORK
             Refrigeration Group is dismissed without reasonable grounds, or if
             he resigns from his position due to breach of his contract on the
             part of the Company.

1.6.3        Infringement of the competition clause can be met by injunction
             without bail, and infringement entails payment of liquidated
             damages corresponding to the total remuneration that would have
             been paid to the President, YORK Refrigeration Group for a period
             of 6 months in accordance with item 2.1 of this contract each time
             such infringement takes place. If the infringement consists of the
             "maintenance of a condition" that is contrary to the competition
             clause, this amounts to one infringement per calendar month in
             which the infringement takes place. Payment of liquidated damages
             does not cancel the competition clause. If the loss suffered by the
             YORK Refrigeration Group and/or the Company exceeds the liquidated
             damages, the President, YORK Refrigeration Group is under an
             obligation to compensate for this loss.

1.6.4        In respect of this competition clause, the date of termination is
             the date up to which the President, YORK Refrigeration Group
             receives remuneration, etc., from the Company, regardless of
             whether the President, YORK Refrigeration Group has discontinued
             performing his duties at an earlier date.

<PAGE>   7
                                                                               7

                                  JONAS BRUUN

2            THE PRESIDENT, YORK REFRIGERATION GROUP'S FINANCIAL CONDITIONS

2.1          Remuneration

2.1.1        The President, YORK Refrigeration Group's annual remuneration
             amounts to DKK 2,800,000 (two million eight hundred thousand),
             which is payable in 12 monthly instalments. The annual
             remuneration will be reviewed annually each March 1, commencing in
             March, 2001 by the Company's board of directors based on
             recommendations made by the Chief Executive Officer.

2.1.2        The President, YORK Refrigeration Group does not receive
             remuneration for any seat at of the Company's board, if elected,
             nor does he receive remuneration for present of future
             directorships of the board of management in other subsidiaries in
             the Company or in companies with which the Company co-operates, as
             the remuneration stipulated in item 2.1 of this contract is
             inclusive of such remuneration. This is rule applies irrespective
             of such remuneration being paid to other members of the board or
             the board of the company in question for their task.

2.2          Cash Bonus and Incentives

2.2.1        The President, YORK Refrigeration Group shall be eligible to
             participate in YORK International's annual Incentive Compensation
             Plan (ICP) as described in separate document. However, the
             President, YORK Refrigeration Group is eligible to earn an
             additional cash bonus for each of fiscal years 2000 and 2001 as
             described in a separate document; these special one-time bonuses
             are in addition to the ICP that will be established for these two
             years.

2.2.2        Apart from the annual remuneration stipulated in item 2.1 and the
             annual cash bonus stipulated in item 2.2.1 the President, YORK
             Refrigeration Group will be eligible to participate in YORK
             International's long-term incentive programs which consist of
             annual grants of stock options and performance units. For 1999, the
             President, YORK Refrigeration Group has received grants of 25,000
             and 35,000 Performance Accelerated Stock Options (PASOs) and 5,000
             units from YORK International's Performance Unit Plan (PUPs)
             approved by the Company's board of directors. For 2000, the
             President, YORK Refrigeration Group has received a grant of an
             additional 5,902 units from YORK International's Performance Unit
             Plan (PUPs) approved by the Company's board of directors.

<PAGE>   8
                                                                               8

                                   JONAS BRUUN

2.3          Car and Telephone

2.3.1        The Company places a car in the price range of up to DKK 1,000,000
             at the President, YORK Refrigeration Group's disposal, and the
             Company pays all expenses incurred in connection with the operation
             of the car.

2.3.2        When resigning from the Company the President, YORK Refrigeration
             Group is obligated at the request of the Company - also in cases
             where the President, YORK Refrigeration Group resigns before expiry
             of the period of notice - to return the car to the Company and will
             in return receive a monthly amount corresponding to one twelfth
             of the taxable value of a Company car. The amount shall be paid
             monthly in arrears until the end of the period in which the
             President, YORK Refrigeration Group is entitled to remuneration.
             The President, YORK Refrigeration Group, shall exercise no lien of
             the car belonging to the Company.

2.3.3        The Company pays all expenses for mobile telephone and for
             telephone installed in the President, YORK Refrigeration Group's
             private home.

2.3.4        The tax implications arising in connection with the placing of the
             above facilities at the President, YORK Refrigeration Group's
             disposal is not relevant to the Company.

2.4          Travel, Representation and Training

2.4.1        Expenses paid by the President, YORK Refrigeration Group in
             connection with travel and representation incurred in the interest
             of the Company, YORK International or any company in the YORK Group
             shall be reimbursed by the Company upon presentation of receipts.

2.4.2        The President, YORK Refrigeration Group is entitled to and at the
             Company's request obliged to participate in relevant training
             courses paid by the Company. The President, YORK Refrigeration
             shall plan such training himself and inform the Chief Executive
             Officer of his plans.

2.5          Pension

2.5.1        The President, YORK Refrigeration Group is not entitled to any
             pension from the Company. At the request of the President, YORK
             Refrigeration Group the cash salary of the President, YORK
             Refrigeration Group may, however, be divided into

<PAGE>   9
                                                                               9

                                   JONAS BRUUN

             a salary portion and a contribution to pension to be paid on a
             pension scheme according to prevailing rules of law.

2.6          Accident Insurance

2.6.1        The Company shall pay the annual premium for a full time accident
             insurance for the President, YORK Refrigeration Group at the usual
             terms for insurance and premium. The insurance must be for an
             insurance sum equal to that in force from Sabroe Refrigeration A/S
             as at June 1, 1999 to be paid upon the death of the President, YORK
             Refrigeration Group or in case of 100% incapacity. In case of the
             President, YORK Refrigeration Group's death the insurance sum shall
             be paid to his closest relatives.

2.6.2        The insurance shall be adjusted in accordance with the consumer
             price index issued by Denmark's Statistical Office (Danmarks
             Statistiks; nettoprinindeks).

2.7          Vacation

2.7.1        For each calendar year the President, YORK Refrigeration Group
             shall be entitled to the number of days' vacation provided under
             the Danish Holiday Act, which is currently 5 weeks. Other
             provisions set out in the said Act do not apply to the President,
             YORK Refrigeration Group.

2.7.2        The President, YORK Refrigeration Group's vacation is agreed and
             coordinated with his direct reporting staff and shall be
             communicated to the Chief Executive Officer.

3            TERMINATION

3.1          Duration of Employment

3.1.1        The employment is limited in duration to 5 years counting from the
             date of commencement of this contract of employment, and it expires
             automatically after the expiry of the fifth year, unless it has
             been terminated prior to that date in accordance with items 3.1.2,
             3.1.3 or 3.1.4 below, or unless the parties have agreed to extend
             the contract of employment.

3.1.2        Although the employment in accordance with 3.1.1 is limited in
             duration, both parties may terminate the contract within the agreed
             5-year period. The Company may terminate this contract upon 60
             months notice at month's end, and the

<PAGE>   10
                                                                              10

                                   JONAS BRUUN

             President, YORK Refrigeration Group may terminate this contract
             upon 12 months notice at month's end. Notice of termination must be
             presented in writing.

3.1.3        If the President, YORK Refrigeration Group has been incapable of
             exercising the duties required by his position due to illness for
             an uninterrupted period exceeding 6 months, or if the President,
             YORK Refrigeration Group should become permanently incapacitated
             thus rendering him unable to perform the duties required by his
             position, the Company may terminate the employment upon 6 months
             written notice. The Company is entitled to obtain certification
             from a medical doctor or a specialist appointed by the Company. The
             expenses incurred in this connection.

3.1.4        The Company may terminate the employment contract without further
             notice, if the President, YORK Refrigeration Group's estate is
             subject to bankruptcy proceedings, or if he files for protection
             from creditors.

3.1.5        If the President, YORK Refrigeration Group should receive other
             remuneration or the like during the period of notice, for instance
             following a situation where he has been liberated from his duties,
             the remuneration in the period of notice will not be reduced by any
             other remuneration or the like.

3.2          Payment of Salary after the President, YORK Refrigeration Group's
             Death

3.2.1        Upon the death of the President, YORK Refrigeration Group - caused
             by illness or accident - the Company shall continue to pay his
             salary for the current month as well as 6 months salary equivalent
             to the remuneration described in item 2.1 of this contract to the
             person or spouse with whom the President, YORK Refrigeration Group
             cohabited at the time of death or to his children under the ages of
             18 years. However, salary following the death of the President,
             YORK Refrigeration Group is not paid beyond the date on which the
             employment would have terminated anyway due to the President, YORK
             Refrigeration Group's resignation from his position in accordance
             with item 3.1.1 or due to notice of termination from the Company or
             the President, YORK Refrigeration Group given before the time of
             death.

3.3          Breach of Contract

3.3.1        If the Company or the President, YORK Refrigeration Group
             substantially should fail to perform the duties incumbent on it/him
             according to the provisions of this contract or to respect the
             relevant presumptions upon which it is based, the other

<PAGE>   11
                                                                              11

                                  J0NAS BRUUN

             party may terminate the contract without further notice or
             terminate it at a specified date. If the cancellation is due to the
             President, YORK Refrigeration Group's failure to perform his
             duties, he is only entitled to remuneration until the time of his
             resignation. The party in breach must compensate the loss suffered
             by the other party as a consequence of the breach.

3.3.2        Breach of the President, YORK Refrigeration Group's duties in
             accordance with this contract (for instance item 1.2, 1.3, 1.4 or
             1.6) is considered substantial breach of contract.

4            GOVERNING LAW AND DISPUTES

4.1          Governing Law

             The employment falls outside the scope of the Danish Employers and
             Salaried Employees Act.

4.1.2        If any dispute should arise between the Company and the President,
             YORK Refrigeration Group, the dispute must be solved in accordance
             with Danish law. Governing law is therefore Danish law.

4.2          Negotiation

4.2.1        If any dispute should arise between the Company, YORK international
             or any company in the YORK Group and the President, YORK
             Refrigeration Group out of this employment contract, attempts must
             be made to solve these through negotiation. However, if the parties
             cannot within a reasonable time limit reach an agreement, the
             dispute must be solved by arbitration in accordance with item 4.2.

4.3          Arbitration

4.3.1        Any dispute concerning the understanding, interpretation and/or
             completion of this employment contract as well as any other
             question concerning the President, YORK Refrigeration Group's
             employment cannot be submitted to the ordinary courts of law but
             must be settled by arbitration.

4.3.2        The party demanding arbitration must by registered letter give
             notice thereof stating the reasons for this demand. Within two
             weeks the board of directors must request the president of the
             Danish High Court, Western Division (Vestre

<PAGE>   12
                                                                              12

                                  JONAS BRUUN

             Landsret) to set up an arbitration court to look into the matter.
             The arbitration court shall consist of three members of which one
             member must be a state authorised public accountant, the second
             member must be a person holding a law degree and the third member,
             who will also act as chairman of the court of arbitration, must be
             a judge of the Danish High Court (landsdommer).

4.3.3        The arbitration court lays down the procedural guidelines in
             accordance with the principles of the Danish Administration of
             Justice Act (Retsplejeloven). The arbitration court decides the
             question concerning distribution of costs of the arbitration case.
             The arbitration court decides, when the award must be performed,
             which usually should be 2 weeks after the passing of the award. The
             decision of the arbitration court is final and binding upon the
             parties.

5            SIGNATURE

5.1          Two copies of the present employment contract shall be signed; the
             Company keeps one and the President, YORK Refrigeration Group the
             other.

5.2          President, YORK Refrigeration Group understands and agrees that
             this Employment Contract constitutes the full understanding between
             the parties concerning the subject matter hereof and that by
             signing this Employment Contract, he waives any and all rights he
             has under the Employment Contract dated 10 June 1999 or may have
             had under any employment or employment-related agreement entered
             into with Sabroe Refrigeration A/S or any subsidiary, division or
             affiliate of Sabroe Refrigeration A/S, and that such prior
             agreements shall be of no further force and effect.

Arhus, 31 August 2000                        Arhus, 31 August 2000

/s/ M Young                                  /s/ Ole Andersen
-----------------------------                -----------------------------
       Signature                                Ole Andersen

For Sabroe Refrigeration A/S<PAGE>   1
                                                                   Exhibit 10.15
                              EMPLOYMENT AGREEMENT

           AGREEMENT by and between York International Corporation, a Delaware
corporation (the "Company") and C. David Myers (the "Executive") dated as of the
23rd day of March, 2000.

           The Board of Directors of the Company has determined that it is in
its best interests and that of its shareholders to employ the Executive in the
capacity described below and the Executive wishes to serve in such capacity.

           NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

           1. Effective Date. The "Effective Date" shall mean March 23, 2000.

           2. Employment Period. The Company hereby agrees to employ the
Executive, and the Executive hereby agrees to enter into the employ of the
Company subject to the terms and conditions of this Agreement, for the period
commencing on the Effective Date and ending on the third anniversary thereof
(the "Employment Period") provided, however, that the Employment Period shall be
automatically extended without action by either party for an additional one
month period on the 16th day of each month unless, not later than the 15th day
of any month, either party shall give notice to the other in writing that such
party does not intend to extend the Employment Period.

           3.  Terms of Employment.  (a)  Position and Duties.  (A) During the
Employment Period, the Executive shall serve as Vice President and Chief
Financial Officer with such authority, duties and responsibilities as are
commensurate with such position and (B) the Executive's services shall be
performed in York, PA.

           (b)  Compensation.

                 (i) Base Salary. During the Employment Period, the Executive
shall receive an annual base salary of $300,000 ("Annual Base Salary"), which
shall be paid in accordance with the Company's payroll practices. During the
Employment Period, the Annual Base Salary shall be reviewed at least annually.
Any increase in Annual Base Salary shall not serve to limit or reduce any other
obligation to the Executive under this Agreement. Annual Base Salary shall not
be reduced after any such increase and the term Annual Base Salary as utilized
in this Agreement shall refer to Annual Base Salary as so increased. As used in
this Agreement, the term "affiliated companies" shall include any company
controlled by, controlling or under common control with the Company.

                 (ii) Incentive Compensation. During the Employment Period, the
Executive shall have an annual cash bonus and a mid-term performance bonus
opportunity based on a percentage of his Annual Base Salary (determined annually
by the Company's Board in accordance with the provisions of the 1996 Incentive
Compensation Plan) and shall otherwise be eligible for incentive compensation
awards on the same basis as similarly situated executives.

                                      -1-
<PAGE>   2
                 (iii) Employee Benefit Plans. During the Employment Period, the
Executive shall be entitled to participate in all incentive, employee benefit,
retirement, welfare and other plans, practices, policies and programs applicable
to senior executives of the Company.

                 (iv) Expenses. During the Employment Period, the Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses
incurred by the Executive in accordance with the Company's policies.

                 (v)  Perquisite Benefits.  During the Employment Period, the
Executive shall be provided with perquisite benefits as are provided to other
senior executives of the Company.

                 (vi) Vacation. During the Employment Period, the Executive
shall be entitled to paid vacation in accordance with the plans, policies,
programs and practices of the Company and its affiliated companies as in effect
with respect to the senior executives of the Company.

           4. Termination of Employment. (a) Death or Disability. The
Executive's employment shall terminate automatically upon the Executive's death
during the Employment Period. If the Company determines in good faith that the
Disability of the Executive has occurred during the Employment Period (pursuant
to the definition of Disability set forth below), it may give to the Executive
written notice in accordance with Section 11(b) of this Agreement of its
intention to terminate the Executive's employment. In such event, the
Executive's employment with the Company shall terminate effective on the 30th
day after receipt of such notice by the Executive (the "Disability Effective
Date"), provided that, within the 30 days after such receipt, the Executive
shall not have returned to full-time performance of the Executive's duties. For
purposes of this Agreement, "Disability" shall mean the absence of the Executive
from the Executive's duties with the Company on a full-time basis for 180
consecutive business days as a result of incapacity due to mental or physical
illness which is determined to be total and permanent by a physician selected by
the Company or its insurers and acceptable to the Executive or the Executive's
legal representative.

           (b)  Cause.  The Company may terminate the Executive's employment
during the Employment Period for Cause. For purposes of this Agreement, "Cause"
shall mean:

                 (i) knowingly providing the Company with materially false
representations relied upon by the Company in furnishing information to
stockholders, a stock exchange or the Securities and Exchange Commission, or

                 (ii)  maintaining an undisclosed, unauthorized and material
conflict of interest in the discharge of duties owed to the Company, or

                 (iii) willful misconduct causing serious violation by the
Company of state or federal laws, or

                 (iv) theft of Company funds or assets, or

                 (v) conviction of a crime involving moral turpitude.

                                      -2-
<PAGE>   3
For purposes of this provision, no act or failure to act, on the part of the
Executive, shall be considered "willful" unless it is done, or omitted to be
done, by the Executive in bad faith or without reasonable belief that the
Executive's action or omission was in the best interests of the Company. Any
act, or failure to act, based upon authority given pursuant to a resolution duly
adopted by the Board or based upon advice of counsel for the Company shall be
conclusively presumed to be done, or omitted to be done, by the Executive in
good faith and in the best interest of the Company.

           (c) Good Reason. In the event that the Executive's employment with
the Company is voluntarily terminated by the Executive with "Good Reason", the
Executive shall be entitled to a lump sum payment representing the remaining
balance of his or her employment agreement as calculated in accordance with
Section 5 (a). For purposes of this Agreement, "Good Reason" shall mean, in the
absence of a written consent of the Executive, any of the following which occurs
before the expiration of the Executive's Employment Period:

                 (i) a substantial and adverse change in the Executive's
responsibilities, job description, status or position as a key employee of the
Company, when compared to the Executive's prior responsibilities, job
description, status or position as a key employee of the Company as contemplated
by Section 3(a) of this Agreement, excluding for this purpose an isolated,
insubstantial and inadvertent action not taken in bad faith, and which is
remedied by the Company promptly after receipt or notice thereof given by the
Executive;

                 (ii) any material failure by the Company to comply with any of
the provisions of Section 3(b) of this Agreement, unless initiated by the
Executive, other than a failure not occurring in bad faith and which is remedied
by the Company promptly after receipt of notice thereof given by the Executive;

                 (iii) the requiring that the Executive travel on the Company's
business to an extent materially greater than the Executive's normal business
travel, or the Company requiring the Executive to be based at any office or
location more than 35 miles from that provided in Section 3(a)(i)(B) hereof;

                 (iv) a material breach by the Company of any terms of this
Agreement, or any failure by the Company to comply with and satisfy Section 9 of
this Agreement, or any purported termination by the Company of the Executive's
employment otherwise than as expressly permitted by this Agreement

                 (v) any failure by the Company to obtain the assumption of this
Agreement by any successor or assign of the Company.

           (d) Notice of Termination. Any termination by the Company for Cause,
or by the Executive for Good Reason, shall be communicated by Notice of
Termination to the other party hereto given in accordance with Section 11(b) of
this Agreement. For purposes of this Agreement, a "Notice of Termination" means
a written notice which (i) indicates the specific termination provision in this
Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of
the Executive's employment under the provision so indicated and (iii) if the
Date of Termination (as defined below) is other than the date of receipt of such
notice, specifies the termination date (which date shall be not more than thirty
days after the giving of such notice). The failure by the

                                      -3-
<PAGE>   4
Executive or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause shall not
waive any right of the Executive or the Company, respectively, hereunder or
preclude the Executive or the Company, respectively, from asserting such fact or
circumstance in enforcing the Executive's or the Company's rights hereunder.

           (e) Date of Termination. "Date of Termination" means (i) if the
Executive's employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified therein within 30 days of such notice, as the case may
be, (ii) if the Executive's employment is terminated by the Company other than
for Cause or Disability, the Date of Termination shall be the date on which the
Company notifies the Executive of such termination and (iii) if the Executive's
employment is terminated by reason of death or Disability, the Date of
Termination shall be the date of death of the Executive or the Disability
Effective Date, as the case may be.

           5.  Obligations of the Company upon Termination.  (a)  Good Reason;
Other Than for Cause, Death or Disability. If, during the Employment Period, the
Company shall terminate the Executive's employment other than for Cause, Death
or Disability or the Executive shall terminate employment for Good Reason:

                 (i) the Company shall pay to the Executive in a lump sum in
cash within 30 days after the Date of Termination the aggregate of the following
amounts:

                 A.  the sum of the Executive's Annual Base Salary through the
           Date of Termination to the extent not theretofore paid, (this amount
           shall be hereinafter referred to as the "Accrued Obligations"); and

                 B.  An amount equal to the Executive's Annual Base Salary plus
           Annual Cash Bonus (based on the adjusted EV bonus amount for the
           Fiscal Year in which the Date of Termination occurs, the "Adjusted EV
           Bonus") for the remaining Employment Period; and

                 C.  an amount equal to the excess of (a) the actuarial
           equivalent of the benefit under the Company's qualified defined
           benefit retirement plan (the "Retirement Plan") (utilizing actuarial
           assumptions no less favorable to the Executive than those in effect
           under the Company's Retirement Plan immediately prior to the
           Effective Date), and any excess or supplemental retirement plan in
           which the Executive participates (together, the "SERP") which the
           Executive would receive if the Executive's employment continued until
           the end of the Employment Period assuming for this purpose that all
           accrued benefits are fully vested, and, assuming that the Executive's
           compensation in each of the periods is that required by Section 3(b)
           and that the Executive's Annual Cash Bonus for such years is the
           Adjusted EV Bonus, over (b) the actuarial equivalent of the
           Executive's actual benefit (paid or payable), if any, under the
           Retirement Plan and the SERP as of the Date of Termination;

                 (ii) the Company shall continue to provide welfare benefits to
the Executive and his dependants until the end of the Employment Period on the
same basis that such benefits were provided to him immediately prior to the Date
of Termination; and

                                      -4-
<PAGE>   5
                 (iii) to the extent not theretofore paid or provided, the
Company shall timely pay or provide to the Executive any other amounts or
benefits required to be paid or provided or which the Executive is eligible to
receive under any plan, program, policy or practice or contract or agreement of
the Company and its affiliated companies (such other amounts and benefits shall
be hereinafter referred to as the "Other Benefits").

           (b) Death. If the Executive's employment is terminated by reason of
the Executive's death during the Employment Period, this Agreement shall
terminate without further obligations to the Executive's legal representatives
under this Agreement, other than for payment of Accrued Obligations and the
timely payment or provision of Other Benefits. Accrued Obligations shall be paid
to the Executive's estate or beneficiary, as applicable, in a lump sum in cash
within 30 days of the Date of Termination. With respect to the provision of
Other Benefits, the term Other Benefits as utilized in this Section 5(b) shall
include death benefits as in effect on the date of the Executive's death with
respect to senior executives of the Company and his beneficiaries.

           (c) Disability. If the Executive's employment is terminated by reason
of the Executive's Disability during the Employment Period, this Agreement shall
terminate without further obligations to the Executive, other than for payment
of Accrued Obligations and the timely payment or provision of Other Benefits.
Accrued Obligations shall be paid to the Executive in a lump sum in cash within
30 days of the Date of Termination. With respect to the provision of Other
Benefits, the term Other Benefits as utilized in this Section 5(c) shall
include, and the Executive shall be entitled after the Disability Effective Date
to receive, disability and other benefits as in effect at any time thereafter
generally with respect to the senior executives of the Company.

           (d) Cause; Other than for Good Reason. If the Executive's employment
shall be terminated for Cause or the Executive terminates his employment without
Good Reason during the Employment Period, this Agreement shall terminate without
further obligations to the Executive other than the obligation to pay to the
Executive his Annual Base Salary through the Date of Termination, and Other
Benefits, in each case to the extent theretofore unpaid.

           6. Non-exclusivity of Rights. Except as specifically provided,
nothing in this Agreement shall prevent or limit the Executive's continuing or
future participation in any plan, program, policy or practice provided by the
Company or any of its affiliated companies and for which the Executive may
qualify, nor, subject to Section 11(e), shall anything herein limit or otherwise
affect such rights as the Executive may have under any contract or agreement
with the Company or any of its affiliated companies. Amounts which are vested
benefits or which the Executive is otherwise entitled to receive under any plan,
policy, practice or program of or any contract or agreement with the Company or
any of its affiliated companies at or subsequent to the Date of Termination
shall be payable in accordance with such plan, policy, practice or program or
contract or agreement except as explicitly modified by this Agreement.

                                      -5-
<PAGE>   6
           7. Full Settlement. The Company's obligation to make the payments
provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be affected by any set-off, counterclaim, recoupment,
defense or other claim, right or action which the Company may have against the
Executive or others. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement and, such amounts
shall not be reduced whether or not the Executive obtains other employment. The
Company agrees to pay as incurred, to the full extent permitted by law, all
legal fees and expenses which the Executive may reasonably incur as a result of
any contest (regardless of the outcome thereof) by the Company, the Executive or
others of the validity or enforceability of, or liability under, any provision
of this Agreement or any guarantee of performance thereof (including as a result
of any contest by the Executive about the amount of any payment pursuant to this
Agreement), plus in each case interest on any delayed payment at the applicable
Federal rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code
of 1986, as amended (the "Code").

           8. Confidential Information. (a) The Executive shall hold in a
fiduciary capacity for the benefit of the Company all secret or confidential
information, knowledge or data relating to the Company or any of its affiliated
companies, and their respective businesses, which shall have been obtained by
the Executive during the Executive's employment by the Company or any of its
affiliated companies and which shall not be or become public knowledge (other
than by acts by the Executive or representatives of the Executive in violation
of this Agreement). After termination of the Executive's employment with the
Company, the Executive shall not, without the prior written consent of the
Company or as may otherwise be required by law or legal process, communicate or
divulge any such information, knowledge or data to anyone other than the Company
and those designated by it. In no event shall an asserted violation of the
provisions of this Section 8 constitute a basis for deferring or withholding any
amounts otherwise payable to the Executive under this Agreement.

           (b)     Any termination of the Executive's employment or of this
Agreement shall have no effect on the continuing operation of this Section 8 or
Section 9 below.

           9. Noncompetition/Nonsolicitation. (a) For two years after the Date
of Termination, Executive will not directly or indirectly, own, manage, operate,
control or participate in the ownership, management, operation or control of or
be connected as an officer, employee, partner, director, consultant or otherwise
with, or have any financial interest in, any business which is in material
competition with the business conducted by the Company or its affiliates.
Ownership for personal investment purposes only of less than 2% of the voting
stock of any publicly held corporation shall not constitute a violation hereof.

           (b)    For two years after the Date of Termination, the Executive
                  will not, directly or indirectly, on behalf of the Executive
                  or any other person, solicit for employment any person
                  employed by the Company or its affiliates as of the date
                  hereof or known by the Executive at the time to be employed
                  by the Company or its affiliates.

                                      -6-
<PAGE>   7
           (c)    (i)  Executive acknowledges and agrees that the restrictions
                  contained in this Section 9 and in Section 8 are reasonable
                  and necessary to protect and preserve the legitimate
                  interests, properties, goodwill and business of the Company,
                  and that irreparable injury will be suffered by the Company
                  should Executive breach any of the provisions of this
                  Section. Executive represents and acknowledges that (1)
                  Executive has been advised by the Company to consult
                  Executive's own legal counsel in respect of this Agreement,
                  (2) Executive has had full opportunity, prior to execution of
                  this Agreement, to review thoroughly this Agreement with
                  Executive's counsel, and (3) the provisions of this Section 9
                  are reasonable and these restrictions do not prevent
                  Executive from earning a reasonable livelihood.

                  (ii) Executive further acknowledges and agrees that a breach
of any of the restrictions in this Section 9 and Section 8 cannot be adequately
compensated by monetary damages. Executive agrees that the Company shall be
entitled to preliminary and permanent injunctive relief, without the necessity
of proving actual damages, as well as provable damages and an equitable
accounting of all earnings, profits and other benefits arising from any
violation of this Section 9, which rights shall be cumulative and in addition to
any other fights or remedies to which the Company may be entitled. In the event
that any of the provisions of this Section 9 should ever be adjudicated to
exceed the time, geographic, service, or other limitations permitted by
applicable law in any jurisdiction, it is the intention of the parties that the
provision shall be amended to the extent of the maximum time, geographic,
service, or other limitations permitted by applicable law, that such amendment
shall apply only within the jurisdiction of the court that made such
adjudication and that the provision otherwise be enforced to the maximum extent
permitted by law.

                  (iii) Executive irrevocably and unconditionally (1) agrees
that any suit, action or other legal proceeding arising out of this Section 9
and Section 8, including without limitation, any action commenced by the Company
for preliminary and permanent injunctive relief and other equitable relief, may
be brought in the Court of Common Pleas of York County, Pennsylvania or if such
court does not have jurisdiction or will not accept jurisdiction, in any court
of general jurisdiction in Pennsylvania, (2) consents to the non-exclusive
jurisdiction of any such court in any such suit, action or proceeding, and (3)
waive any objection which Executive may have to the laying of venue of any such
suit, action or proceeding in any process, pleadings, notices or other papers in
a manner permitted by the notice provisions of this Section 9.

           (d)  In exchange for the covenants set forth in this Section 9, the
Company agrees to make to the Executive a lump sum payment equal to two years of
the Executive's then-current Annual Base Salary plus then-current Adjusted EV
Bonus, payable within 30 days after the Date of Termination.

           10.  Successors.  (a)  This Agreement is personal to the Executive
and without the prior written consent of the Company shall not be assignable by
the Executive otherwise than by will or the laws of descent and distribution.
This Agreement shall inure to the benefit of and be enforceable by the
Executive's legal representatives.

                                      -7-
<PAGE>   8
           (b) This Agreement shall inure to the benefit of and be binding upon
the Company and its successors and assigns.

           (c) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company 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 it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
herein before defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

           11. Miscellaneous. (a) This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware, without
reference to principles of conflict of laws. 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.

           (b) All notices and other communications hereunder shall be in
writing and shall be given by hand delivery to the other party or by registered
or certified mail, return receipt requested, postage prepaid, addressed as
follows:

           If to the Executive:

                  Mr. C. David Myers
                  577 North School Lane
                  Lancaster, PA 17603

           If to the Company:

                 York International Corporation
                 631 S. Richland Avenue
                 York, PA 17403

                 Attention: General Counsel

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

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

           (d) The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be
withheld pursuant to any applicable law or regulation.

                                      -8-
<PAGE>   9
           (e) The Executive's or the Company's failure to insist upon strict
compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder, including, without
limitation, the right of the Executive to terminate employment for Good Reason
pursuant to Section 4(c)(i)-(v) of this Agreement, shall not be deemed to be a
waiver of such provision or right or any other provision or right of this
Agreement.

           IN WITNESS WHEREOF, the Executive has hereunto set the Executive's
hand and, pursuant to the authorization from its Boards of Directors, the
Company has caused these presents to be executed in its name on its behalf, all
as of the day and year first above written.

                                     ___________________________________
                                     C. David Myers

                                     YORK INTERNATIONAL CORPORATION

                                     By:________________________________

                                      -9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}]]