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                                                               Exhibit 10.20(g))

                            KENDLE INTERNATIONAL INC.

                        2003 DIRECTORS' COMPENSATION PLAN

         This Directors' Compensation Plan has been adopted by the Board of
Directors of Kendle International Inc. in order to align further the interests
of the Company's non-employee Directors with the interests of shareholders by
providing that their compensation be paid in part through the issuance of Common
Shares of the Company.

1.       COMPENSATION OF NON-EMPLOYEE DIRECTORS.

         All Directors who are not employees of the Company shall be paid the
following fees as provided in Section 2 below:

         1.1   a retainer of $3,000 for each meeting of the Board of Directors
         attended; and

         1.2   a retainer of $1,500 for each committee meeting attended.

2.       PAYMENT TERMS.

         The meeting fees set forth in Section 1 above shall be paid by the
Company quarterly, in arrears, as soon as practicable following the end of each
quarter in the form of Company Common Shares to the extent of 50% and 50% in
cash.

         The number of Common Shares to be issued shall be determined by
dividing the dollar amount of the fee by the average of the per share Fair
Market Value of the Common Shares, as defined in Section 3, for the ten trading
days prior to the end of each quarter. The resulting number shall then be
rounded up to the nearest share.

3.       FAIR MARKET VALUE OF COMPANY COMMON SHARES.

         "Fair Market Value" means the last sale price reported on any stock
exchange or over-the-counter trading system on which the Common Shares are
trading on the last trading day prior to a specified date or, if no last sales
price is reported, the average of the closing bid and asked prices for a Common
Share on that date. If no sale has been made on any date, prices on the last
preceding day on which any such sale shall have been made will be used in
determining Fair Market Value under either method prescribed in the previous
sentence.

4.       RESTRICTIVE LEGEND; HOLDING PERIOD FOR COMMON SHARES

        In order to comply with Federal securities laws, all certificates for
Common Shares issued pursuant to this Plan shall bear the following restrictive
legend which will prevent the recipient from disposing of such shares for six
months from the date of issuance:

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         THE COMMON SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED,
         SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE ASSIGNED UNTIL
         THE EXPIRATION OF THE SIX MONTH PERIOD BEGINNING ON THE DATE OF
         ORIGINAL ISSUANCE BY KENDLE INTERNATIONAL INC. AS PROVIDED BY THE
         COMPANY'S DIRECTORS' COMPENSATION PLAN - 2003, A COPY OF WHICH WILL BE
         MAILED TO THE HOLDER WITHOUT CHARGE WITHIN FIVE DAYS AFTER RECEIPT OF
         WRITTEN REQUEST THEREFOR.

         When the legend requirement imposed by this Section 4 shall terminate,
the holder of Common Shares for which such legend requirements have terminated
may request that the Company issue replacement certificates representing such
shares without such legend.

5.       NO RIGHT TO CONTINUANCE AS A DIRECTOR.

         Neither the action of the Company in establishing this Plan, nor the
issuance of Common Shares shall be deemed to create any obligation on the part
of the Board of Directors to nominate any non-employee Director for reelection
by the Company's shareholders or to be evidence of any agreement or
understanding, express or implied, that the non-employee Director has a right to
continue as a Director for any period of time or at any particular rate of
compensation.

6.       SHARES SUBJECT TO THE PLAN.

         Up to 75,000 Common Shares are authorized for issuance under this Plan
in accordance with the provisions hereof; provided, however, that such number
shall be 25,000 Common Shares until such time as the shareholders approve this
Plan for a total of 75,000 Common Shares. At all times during the term of the
Plan the Company shall retain as authorized and unissued Common Shares at least
the number of shares from time to time required under the provisions of the
Plan, or otherwise assure itself of its ability to perform its obligations
hereunder. In the event of changes in the outstanding Common Shares of the
Company as a result of stock dividends, split ups, recapitalizations,
combinations of shares or exchanges of shares, the number and class of shares
for all purposes covered by the Plan shall be adjusted correspondingly.

7.       AMENDMENT.

         The amount, pricing and timing of Common Share issuances pursuant to
this Plan shall not be amended more than once every six months, other than to
comport with changes in the Internal Revenue Code of 1986, as amended, the
Employee Retirement Income Security Act of 1984, as amended, or the rules
thereunder.

8.       EFFECTIVE DATE AND EXPIRATION OF PLAN.

         The Plan is effective as of June 27, 2003 to the extent of 25,000
shares and with respect to the full number of shares called for, subject to
approval by a majority of the votes cast at the next Meeting of Shareholders of
the Company, by the holders of Common Shares entitled to vote thereon. Unless
earlier terminated by the Board pursuant to Section 10, this Plan shall
terminate

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on the tenth anniversary of the Effective Date. No Common Shares shall be issued
pursuant to this Plan after its termination.

9.       PAYMENT IN EVENT OF DEATH.

         Upon the death of a non-employee Director, any portion of the
compensation pursuant to this Plan then unpaid shall be paid to the
beneficiaries named in the most recent beneficiary designation filed with the
Secretary of the Company. In the absence of such a designation, such
compensation shall be paid to, or as directed by, the decedent's personal
representative, in one or more installments as the non-employee Director may
have elected in writing.

10.      AMENDMENT, SUSPENSION AND TERMINATION OF PLAN.

         The Board of Directors may suspend or terminate this Plan or any
portion of it at any time, and, subject to Section 7, may amend it from time to
time in such respects as the Board of Directors may deem advisable so that any
awards hereunder shall conform to any change in applicable laws or regulations
or in any other respect the Board of Directors may deem to be in the best
interests of the Company; provided, however, that no such amendment shall,
without shareholder approval, increase the number of Common Shares which may be
issued under the Plan, materially increase the benefits accruing to Directors
under the Plan, materially modify the requirements as to eligibility for
participating in the Plan, or extend the termination date of the Plan.EX-10.56 Amended Agreement-Gregory B. Kenny

 

Exhibit 10.56

July 11, 2003

Mr. Gregory B. Kenny

7756 Tecumseh Trail

Cincinnati, OH 45243

          
Re:   Amendment No. 2 to Employment Agreement

Dear Greg:

      The purpose of this letter (“Amendment No. 2”) is to amend your Employment
Agreement dated as of April 28, 2000 (“Employment Agreement”) to include a
retention bonus to secure your continued services with the Company. The
Compensation Committee of the Company believes that it is critically important
for the Company to retain key executives in this time of market uncertainty and
to ensure the continuity of management. In return for your retention, a lump
sum payment will be made to you up-front.

      This letter amends the Employment Agreement by adding the following
Section 12:

		
	 	     “12. Retention Bonus.

		
	 	     (a) The Company will pay you a lump-sum retention bonus
of $745,000 as soon as administratively practical.
	 
	 	     (b) Each full year that you remain employed, you will
earn one-third of the retention bonus that was paid to you.
	 
	 	     (c) If your employment is terminated at your option for
a reason other than Good Reason (as defined in the Change In
Control Agreement between you and the Company dated April
28, 2000), before 3 years from the date of Amendment No. 2,
you will be required to repay the unearned portion of the
retention award to the Company. If your employment is
terminated for any other reason, there will be no obligation
for you to repay the retention bonus.”

      Capitalized terms used but not defined in this Amendment No. 2 shall have
the same meanings given to them in the Employment Agreement. Except as
specifically set forth in this Amendment No. 2, the Employment Agreement as
amended by this Amendment No. 2, shall remain in full force and effect.

	 	 	 
	 	 	
GENERAL CABLE CORPORATION
	 
	 	 	
By:  s\ Robert J. Siverd

Robert J. Siverd, Executive Vice President

Acknowledged and agreed by:

	 	 	 	 	 
	s\Gregory B. Kenny	 	
Date:	 	 
	
	 	 	

	Gregory B. KennyEX-10.57 Amended Agreement-Christopher F. Virgulak

 

Exhibit 10.57

July 11, 2003

Mr. Christopher F. Virgulak

8124 Starting Gate Lane

Cincinnati, OH 45249

      Re: Amendment No. 1 to Employment Agreement

Dear Chris:

      The purpose of this letter (“Amendment No. 1”) is to amend your Employment
Agreement dated as of April 28, 2000 (“Employment Agreement”) to include a
retention bonus to secure your continued services with the Company. The
Compensation Committee of the Company believes that it is critically important
for the Company to retain key executives in this time of market uncertainty and
to ensure the continuity of management. In return for your retention, a lump
sum payment will be made to you up-front.

      This letter amends the Employment Agreement by adding the following
Section 12:

		
	 	     “12. Retention Bonus.

		
	 	     (a) The Company will pay you a lump-sum retention bonus
of $495,000 as soon as administratively practical.
	 
	 	     (b) Each full year that you remain employed, you will
earn one-third of the retention bonus that was paid to you.
	 
	 	     (c) If your employment is terminated at your option for
a reason other than Good Reason (as defined in the Change In
Control Agreement between you and the Company dated April
28, 2000), before 3 years from the date of Amendment No. 1,
you will be required to repay the unearned portion of the
retention award to the Company. If your employment is
terminated for any other reason, there will be no obligation
for you to repay the retention bonus.”

      Capitalized terms used but not defined in this Amendment No. 1 shall have
the same meanings given to them in the Employment Agreement. Except as
specifically set forth in this Amendment No. 1, the Employment Agreement as
amended by this Amendment No. 1, shall remain in full force and effect.

	 	 	 
		 	
GENERAL CABLE CORPORATION
	 
	 	 	
By: s\Robert J. Siverd

Robert J. Siverd, Executive Vice President

Acknowledged and agreed by:

	 	 	 	 	 
	s\Christopher F. Virgulak	 	
Date:	 	 
	
	 	 	

	Christopher F. Virgulak

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