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Exhibit 10.3    
  

 
 

Employment Agreement—between Andrew Corporation and Ralph Faison    
  

 
 

EMPLOYMENT AGREEMENT    
  

        THIS
EMPLOYMENT AGREEMENT (the "Agreement") is made as of this 4th day of June, 2002 among ANDREW CORPORATION, a Delaware corporation having its principal office at 10500 West
153rd Street, Orland Park, Illinois 60462 (the "Company"), RALPH E. FAISON, an individual residing at 19 North Stough Avenue, Hinsdale, Illinois 60521 (the "Executive") and CELIANT
CORPORATION, a Delaware corporation having its principal office at 40 Technology Drive, Warren, New Jersey 07059 ("Celiant"). 

        WHEREAS,
the parties hereto wish to enter into an employment agreement to employ the Executive as the President and Chief Operating Officer of the Company and to set forth certain
additional agreements between the Executive and the Company. 

        NOW,
THEREFORE, in consideration of the mutual covenants and representations contained herein, the parties hereto agree as follows: 

        1.    Employment Period.    

        The
Company will employ the Executive, and the Executive will serve the Company, under the terms of this Agreement, for a term commencing on the day following the acquisition of Celiant
by the Company (the "Commencement Date") and ending on the earlier to occur of the date on which the Executive is elected to the office of Chief Executive Officer of the Company or the first
anniversary of the Commencement Date. Notwithstanding the foregoing, the Executive's employment hereunder may be earlier terminated, subject to Section 5. The period of time between the
commencement and the termination of the Executive's employment hereunder is referred to herein as the "Employment Period." 

        2.    Duties and Status.    

        The
Company engages the Executive as the President and Chief Operating Officer of the Company on the terms and conditions set forth in this Agreement. During the Employment Period, the
Executive shall also serve on the Board of Directors of the Company (the "Board of Directors"). During the Employment Period, the Executive shall report directly to the Company's Chief Executive
Officer and exercise such authority, perform such executive duties and functions and discharge such responsibilities as are reasonably associated with the Executive's position, commensurate with the
authority vested in the Executive pursuant to this Agreement and consistent with the By-Laws of the Company and directions of the Company's Chief Executive Officer. In general, all major
operating units of the Company shall report directly to the Executive. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of the
Company, provided that nothing shall prohibit the Executive without the consent of the Company's Chief Executive Officer, from (a) participating, with the consent of the Board of Directors of
the Company (which consent will not be unreasonably withheld) on a reasonable number of boards of directors of companies unaffiliated with the Company, (b) managing his personal investments,
(c) delivering lectures or otherwise participating in speaking engagements, or (d) participating in charitable or educational activities. The Executive agrees to relocate his residence,
and to move his family to such residence, to Illinois within three months of the Commencement Date. 

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        3.    Compensation and Benefits.    

        (a)    Salary.    During the Employment Period, the Company shall pay to the Executive, as compensation for the
performance of his duties and obligations under this Agreement, a base salary at the rate of $520,000 per annum, payable in arrears not less frequently than monthly in accordance with the normal
payroll practices of the Company. Such base salary shall be subject to review for possible increase by the Board of Directors in its sole discretion and in connection with its review of other
executives, but shall in no event be decreased from its then existing level during the Employment Period. 

        (b)    Annual Bonus.    During each fiscal year of the Employment Period commencing with portion of the current fiscal
year covered by the Employment Period, the Executive shall be eligible to earn an annual bonus targeted at 100% of Executive's base salary and such additional amount as may be determined by the Board
of Directors, in its sole discretion, in accordance with the Company's annual bonus program for senior executives. The payment of any annual bonus under any such program shall be contingent upon the
Company achieving certain goals established in good faith by the Board of Directors. The Executive and the Board of Directors shall mutually agree on such goals. The Executive's bonus for the portion
of the current fiscal year from October 1 2001 to the Commencement Date will be determined in accordance with the provisions of the Employment Agreement dated as of August 31, 2001
between the Executive and Celiant. Except as otherwise provided herein, any annual bonus shall be paid within three months of the end of the fiscal year of the Company. 

        (c)    Equity Participation.    (i) The Company shall grant to the Executive as of the Commencement Date the
option to purchase 200,000 shares of the common stock, $.01 par value ("Common Stock"), of the Company (the "Stock Options"). The exercise price per share for the Stock Options will be the fair market
value of the Common Stock of the Company on the Commencement Date as provided in the Company's Stock Option Plan. The Stock Options will be evidenced by a stock option agreement between the Company
and the Executive containing the terms set forth in this Agreement and such further terms and conditions as are usual and customary for the Company and its senior executives (the "Stock Option
Agreement"). 

        (ii)  Except
as otherwise provided herein or unless the Board of Directors shall otherwise accelerate the vesting schedule provided for herein or generally accelerate the
vesting schedule for all of its senior executives (which acceleration shall then apply to the Executive), the Stock Options will vest in accordance with the Company's normal practice of vesting 25% on
each anniversary of a grant. 

        (d)    Other Benefits.    During the Employment Period, the Executive shall be entitled to participate in all of the
employee benefit plans, programs and arrangements of the Company in effect during the Employment Period that are generally available to senior executives of the Company, subject to and on a basis
consistent with the terms, conditions and overall administration of such plans, programs and arrangements. Such programs include a comprehensive medical and dental plan, life insurance, short term and
long term disability coverage, a 401(k) plan, four weeks of vacation per year, participation in the Company's long-term incentive plan, reimbursement for reasonable business expenses and
use of an automobile. So long as this Agreement is in effect, Executive shall not be eligible to participate in the Company's executive severance benefit plan. 

        (e)    Relocation, etc.    For the three month period commencing on the Commencement Date, but ending on the date of
the Executive's relocation, if sooner, the Company agrees to reimburse the Executive for (i) the documented, reasonable costs of commuting not more frequently than once a week to and from the
Executive's residence in New Jersey, (ii) the documented, reasonable costs (including travel expense) of the Executive and his spouse in locating a new residence in 

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Illinois, (iii) the closing costs, including brokerage commissions, incurred by the Executive in the purchase of a residence in Illinois and (iv) the reasonable relocation expense
incurred in moving the Executive and his family to Illinois. If, within 18 months after the Commencement Date, the Executive sells his New Jersey residence while in the employ of the Company,
the Company agrees to reimburse the Executive for the closing costs, including brokerage commissions, incurred in connection with such sale. 

        4.    Termination of Employment.    

        (a)    Termination for Cause by the Company.    The Company may terminate the Executive's employment hereunder for
cause. For purposes of this Agreement and subject to the Executive's opportunity to cure as provided in Section 4(c) hereof, the Company shall have "cause" to terminate the Executive's
employment hereunder if such termination shall be the result of: 

          (i)  willful
fraud, embezzlement or material misappropriation or dishonesty in connection with the Executive's performance hereunder; 

        (ii)  the
deliberate or intentional failure by the Executive to perform his duties hereunder, or gross negligence in the course of the Executive's performance of his duties
that results in material harm to the Company; or 

        (iii)  the
conviction for, or plea of nolo contendere to a charge of commission of, a felony which is materially and
demonstrably injurious to the Company; or 

        (iv)  a
breach by the Executive of any of the material terms of this Agreement (including failure to relocate), other than as specifically provided herein; or 

        (v)  a
breach by the Executive of any of the material terms of the Confidential Information, Assignment of Rights, Non-Solicitation and
Non-Competition Agreement referred to in Section 16. 

        (b)    Termination for Good Reason by the Executive.    The Executive shall have the right at any time to terminate
his employment with the Company for good reason. For purposes of this Agreement and subject to the Company's opportunity to cure as provided in Section 4(c) hereof, the Executive shall have
"good reason" to terminate his employment hereunder if such termination shall be the result of: 

          (i)  a
material diminution during the Employment Period in the nature or scope of Executive's authority, duties, responsibilities, powers, functions, reporting relationship
or title as set forth in Section 2 hereof or in any future position to which the Executive may be promoted; 

        (ii)  a
breach by the Company of the compensation or benefits provisions set forth in Section 3 hereof; 

        (iii)  a
breach by the Company of any of the material terms of this Agreement, other than as specifically provided herein; or 

        (iv)  relocation
of the principal office of the Company or the Executive's principal place of employment to a location more than 25 miles from the Company's headquarters in
Orland Park, Illinois without the Executive's written consent, following the Executive's relocation of his residence and his family to Illinois; or 

        (v)  failure
of the Company to promote the Executive to Chief Executive Officer of the Company prior to the first anniversary of the date of this Agreement; or 

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        (vi)  any
material reduction in the Company's obligation to indemnify the Executive against liability for actions (or inaction as the case may be) in his capacity as an
officer, director or employee of the Company; or 

      (vii)  a
change in control as described in Section 6 hereof. 

        (c)    Notice and Opportunity to Cure.    Notwithstanding the foregoing, it shall be a condition precedent to the
Company's right to terminate the Executive's employment for "cause" and the Executive's right to terminate his employment for "good reason" that (1) the party seeking the termination shall
first have given the other party written notice stating with specificity the reason for the termination ("breach") and (2) if such breach is susceptible of cure or remedy (other than a breach
of Section 4(b)(v) as to which there shall be no cure period), a period of thirty days from and after the giving of such notice shall have elapsed without the breaching party having
effectively cured or remedied such breach during such 30-day period, unless such breach cannot be cured or remedied within thirty days, in which case the period for remedy or cure shall be
extended for a reasonable time (not to exceed thirty days) provided the breaching party has made and continues to make a diligent effort to effect such remedy or cure. 

        (d)    Termination Upon Death or Permanent and Total Disability.    The Employment Period shall be terminated by the
death of the Executive. The Employment Period may be terminated by the Board of Directors if the Executive shall be rendered incapable of performing his duties to the Company by reason of any
medically determined physical or mental impairment that can be expected to result in death or that can be expected to last for a period of either (i) six or more consecutive months from the
first date of the Executive's absence due to the disability or (ii) six months during any twelve-month period (a "Permanent and Total Disability"). If the Employment Period is terminated by
reason of Permanent and Total Disability of the Executive, the Company shall give 30 days' advance written notice to that effect to the Executive. 

        5.    Consequences of Termination.    

        (a)    Without Cause or for Good Reason.    In the event of a termination of the Executive's employment during the
Employment Period (i) by the Company other than for "cause" (as provided for in Section 4(a) hereof) or (ii) by the Executive for "good reason" (as provided for in
Section 4(b) hereof), the Company shall pay the Executive and provide him with the following: 

        (i)    Lump-Sum Payment    A lump-sum cash payment (net of any required tax withholding)
together with any amounts payable pursuant to Section 7 hereof shall, up to $1,000,000, be payable within 30 days after the Executive's termination of employment, with any remainder
payable within 12 months of the date of such termination, equal to the sum of the following: 

        (A)    Salary.    The Executive's then-current annual base salary payable over the period beginning with
the date of termination of employment and ending on the third anniversary of such date (the "Severance Period"); plus, 

        (B)    Bonuses.    The annual bonus amount for the fiscal year of the Company in which the termination occurred (pro
rated for the portion of the year during which the Executive was employed), with such bonus amount to be calculated based on the Executive's then-current annual base salary and the
applicable target bonus percentage in effect for such year. For purposes of the annual bonus amount calculated as provided above, it shall be assumed that the Company's target and the Executive's
goals would have been achieved; plus,

        (C)    Earned but Unpaid Amounts.    Any previously earned but unpaid salary through the Executive's final date of
employment with the Company, and any previously earned but unpaid bonus amounts for any completed fiscal year prior to the date of the Executive's termination of employment. 

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        (ii)    Equity    

        (A)    Vesting.    The Executive's right to purchase shares of Common Stock of the Company pursuant to any Stock
Options shall vest and become exercisable as to 50% of the shares of Common Stock subject thereto. 

        (B)    Exercise.    The Executive will have a three-month period following termination to exercise his option to
purchase shares of Common Stock of the Company pursuant to any vested Stock Options. 

        (iii)    Relocation.    The Company will reimburse the Executive for the reasonable relocation expense incurred in
moving the Executive and his family back to New Jersey and will purchase from the Executive, in accordance with the Company's relocation policy, the Executive's Illinois residence. 

        (iv)    Other Benefits.    Continued coverage ending on the second anniversary of the termination of employment under
all health, life, disability and similar noncompensatory employee benefit plans and programs of the Company on the same basis as the Executive was entitled to participate immediately prior to such
termination. 

        (b)    Other Termination of Employment.    In the event that the Executive's employment with the Company is terminated
during the Employment Period by the Company for "cause" (as provided for in Section 4(a) hereof) or by the Executive other than for "good reason" (as provided for in Section 4(b)
hereof), the Company shall pay the Executive (or his legal representative) (i) all earned but unpaid salary and bonuses prorated to the date of the Executive's termination of employment and
(ii) any other vacation pay and other expenses which the Company is obligated to pay or reimburse the Executive. All Stock Options that have not vested prior to the date of such termination of
Employment for cause or other than for good reason and all vested Stock Options not exercised by the Executive within 30 days of the date of such termination of Employment shall terminate and
be of no further force and effect. Except as set forth in this Section 5(b), the Company shall have no further obligations to the Executive. 

        (c)    Withholding of Taxes.    All payments required to be made by the Company to the Executive under this Agreement
shall be subject to the withholding of such amounts, if any, relating to tax, excise tax and other payroll deductions as the Company may reasonably determine it should withhold pursuant to any
applicable law or regulation. 

        (d)    No Other Obligations.    The benefits payable to the Executive under this Agreement are not in lieu of any
benefits payable under any employee benefit plan, program or arrangement of the Company, except as provided specifically herein, and upon termination the Executive will receive such benefits or
payments, if any, as he may be entitled to receive pursuant to the terms of such plans, programs and arrangements. Except for the obligations of the Company provided by the foregoing and this
Section 5, the Company shall have no further obligations to the Executive upon his termination of employment. 

        (e)    No Mitigation or Offset.    The Executive shall have no obligation to mitigate the damages provided by this
Section 5 by seeking substitute employment or otherwise and there shall be no offset of the payments or benefits set forth in this Section 5. 

        (f)    Death or Disability.    In the event of the termination of the Executive's employment during the Employment
Period due to death or disability (as provided in Section 4(d) hereof), the Company agrees that: (i) the Company shall pay the Executive the amounts provided for in Sections
5(a)(i) and 5(a)(iii) (to the extent applicable) above plus any earned but unpaid salary prorated through the date of death or, in the case of disability, the Executive's final date of
employment with the Company, and (ii) the Executive's right to purchase shares of Common Stock 

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of the Company pursuant to any Stock Option or stock option plan shall be governed by the terms of such Stock Option and the related plan. 

        6.    Change in Control Agreement.    

        (a)    Termination Protection.    In the event of a change in control, the Executive shall be entitled to receive the
payments and benefits set forth in Section 5(a)(i) through (iii) above. 

        (b)  For
purposes of this Agreement, a "change in control" shall be deemed to have occurred if and when: 

          (i)  individuals
who during any 12-month period constitute the entire Board as of the beginning of the period and any new directors whose election by the Board,
or whose nomination for election by the Company's stockholders, shall have been approved by a vote of at least a majority of the directors then in office who either were directors at such time or
whose election or nomination for election shall have been so approved shall cease for any reason to constitute a majority of the members of the Board; 

        (ii)  any
person (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") shall after the date hereof
become the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more
of the voting power of all then outstanding securities of the Company having the right under ordinary circumstances to vote in an election of the Board (including, without limitation, any securities
of the Company that any such person has the right to acquire pursuant to any agreement, or upon exercise of conversion rights, warrants or options, or otherwise, shall be deemed beneficially owned by
such person); excluding, however, acquisition of beneficial ownership resulting from the following: (1) any acquisition directly from the Company, other than an acquisition by virtue of the
exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company, (2) any acquisition by the Company and (3) any acquisition by an
employee benefit plan (or related trust) sponsored or maintained by the Company; 

        (iii)  there
shall be consummated any corporate transaction, including a consolidation or merger, of the Company in which the Company is not the continuing or surviving
corporation or pursuant to which shares of the Company's capital stock are converted into cash, securities or other property, other than a consolidation or merger of the Company in which the holders
of the Company's voting stock immediately prior to the consolidation or merger shall, upon consummation of the consolidation or merger, own at least 50% of the voting stock of the surviving entity
after such consolidation or merger; or 

        (iv)  there
shall be consummated any sale, lease, exchange or transfer (in any single transaction or series of related transactions) of all or substantially all of the assets
or business of the Company. 

        7.    Excess Parachute Payments.    

        In
the event it shall be determined that any payment or distribution by the Company or any other person or entity to or for the benefit of the Executive is a "parachute payment" within
the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or
otherwise, in connection with, or arising out of, his employment with the Company or a change in control of the Company or a substantial portion of its assets (a "Payment"), and would be subject to
the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), concurrent with the making of such Payment, the Company shall pay to the Executive an additional payment (the
"Gross-Up Payment") in an amount such that the net amount retained by the Executive after deduction of any Excise Tax on such 

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Payment and any federal, state or local income tax and Excise Tax on the Gross-Up Payment shall equal the amount of such Payment. In the event the Internal Revenue Service subsequently
may assess or seek to assess from the Executive an amount of Excise Tax in excess of that determined in accordance with the foregoing, the Company shall pay to the Executive an additional
Gross-Up Payment, calculated as described above in respect of such excess Excise Tax, including a Gross-Up Payment in respect of any interest or penalties imposed by the
Internal Revenue Service with respect to such excess Excise Tax. 

        8.    Indemnity.    

        The
Company shall, to the fullest extent permitted by law and by its Certificate of Incorporation and By-laws, indemnify Executive and hold him harmless for any acts or
decisions made by him in good faith while performing his duties pursuant to this Agreement. In addition, the Company shall maintain and keep in effect a directors' and officers' liability insurance
policy for the benefit of its officers and directors with minimum coverage of not less than $3,000,000. 

        9.    Notice.    

        All
notices, requests and other communications pursuant to this Agreement shall be in writing and shall be deemed to have been duly given, if delivered in person or by courier,
telegraphed, telexed or by facsimile transmission or sent by express, registered or certified mail, postage prepaid, addressed as follows: 

If
to the Executive: 

Mr. Ralph
E. Faison

19 North Stough Avenue

Hinsdale, Illinois 60521 

With
a copy to: 

Louis
L. Broudy, Esq.

Broudy & Associates, P.C.

230 Park Avenue, Suite 2400

New York, New York 10169

Telephone: (212) 953-0910

Fax: (212) 490-3434 

If
to the Company: 

Andrew
Corporation

10500 West 153rd Street

Orland Park, Illinois 60642

Attention: Chairman

Telephone: (708) 349-3300

Fax: (708) 349-5294 

With
a copy to: 

Gardner,
Carton & Douglas

Suite 3400

321 North Clark Street

Chicago, Illinois 60610

Attention: Dewey B. Crawford

Telephone: (312) 644-3000

Fax: (312) 644-3381 

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Either
party may, by written notice to the other, change the address to which notices to such party are to be delivered or mailed. 

        10.    Arbitration.    

        Except
as specifically provided herein, any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted before a
single arbitrator (to be mutually agreed upon) in the State of Illinois, in accordance with the rules of the American Arbitration Association then in effect. If the parties cannot agree on a single
arbitrator, each party shall appoint one arbitrator who shall then jointly appoint a single arbitrator. Judgment shall be final and may be entered on the arbitrator's award in any court having
jurisdiction. The party shall bear one-half of the expense of any such arbitration proceeding and shall bear all of its or his reasonable costs and expenses relating to such arbitration
proceeding, including attorneys' fees and expenses. 

        11.    Waiver of Breach.    

        Any
waiver of any breach of this Agreement shall not be construed to be a continuing waiver or consent to any subsequent breach on the part either of the Executive or of the Company. 

        12.    Non-Assignment; Successors.    

        Neither
party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party;  provided, however, that (i) this Agreement shall
inure to the benefit of and be binding upon the successors and assigns of the Company upon any
sale of all or substantially all of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and
assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of
the Executive to the extent of any payments due to them hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign of the Company referred to in
the preceding sentence. 

        13.    Severability.    

        To
the extent any provision of this Agreement or portion thereof shall be invalid or unenforceable, it shall be considered deleted therefrom and the remainder of such provision and of
this Agreement shall be unaffected and shall continue in full force and effect. 

        14.    Counterparts.    

        This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

        15.    Governing Law.    

        This
Agreement shall be construed, interpreted and enforced in accordance with the laws of the State of Illinois, without giving effect to the choice of law principles thereof. 

        16.    Termination of Prior Agreement.    

        The
Executive agrees that, except as expressly provided herein, any and all rights that he may have in, to or under the Employment Agreement dated as of August 31, 2001 between
the Executive and Celiant shall terminate and be of no further effect on acquisition of Celiant by the Company and the Executive waives any claims or rights that he may have against Celiant thereunder
and Celiant waives any claims or rights that it may have against the Executive thereunder. 

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        17.    Confidential Information, Assignment of Rights, Non-Solicitation and Non-Competition
Agreement.    

        The
Confidential Information, Assignment of Rights, Non-Solicitation and Non-Competition Agreement effective September 1, 2001 between the Executive and
Celiant (the "Celiant Agreement") is amended in the following respects: 

        (a)    Term.    The term of the noncompetition and nonsolicitation provisions of the Celiant Agreement shall continue
until the second anniversary of the termination of the Executive's employment; 

        (b)    Beneficiary.    The Company shall be deemed to be a beneficiary of the Celiant Agreement, entitled to enforce
all of its provisions against the Executive; and 

        (c)    Competing Business.    The definition of competing business shall be deemed to include any business that
competes with any business of the Company and its subsidiaries. 

        18.    Entire Agreement.    

        This
Agreement, together with the agreements specifically referred to herein and the Confidential Information, Assignment of Rights, Non-Solicitation and
Non-Competition Agreement effective September 1, 2001 between the Executive and Celiant Corporation, constitutes the entire agreement by the Company and the Executive with respect
to the subject matter hereof and except as specifically provided herein, supersedes any and all prior agreements or understandings between the Executive and the Company with respect to the subject
matter hereof, whether written or oral. This Agreement may be amended or modified only by a written instrument executed by the Executive and the Company. 

        19.    Reimbursement of Legal Fees.    

        The
Company will reimburse the Executive for the Executive's reasonable attorneys' fees and disbursements incurred by the Executive in connection with the negotiation, execution and
delivery of this Agreement. 

        20.    Survival.    

        The
obligations of the Company in the penultimate sentence of Section 3(b), under Section 3(e) and in Section 5(a)(iii) shall survive the termination of this
Agreement. 

[Signature
Page Follows] 

9

 
[Signature Page to Faison Employment Agreement]

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

	

 	
 	

By:	
 	

/s/  RALPH E. FAISON      
 RALPH E. FAISON
	

 	
 	

ANDREW CORPORATION
	

 	
 	

By:	
 	

/s/  FLOYD L. ENGLISH      

	 	 	Name:	 	Floyd L. English
	 	 	Title:	 	Chairman and Chief Executive Officer
	

 	
 	

CELIANT CORPORATION
	

 	
 	

By:	
 	

/s/  MARTY R. KITTRELL      

	 	 	Name:	 	Marty R. Kittrell
	 	 	Title:	 	Chief Financial Officer

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QuickLinks

Exhibit 10.3

Employment Agreement—between Andrew Corporation and Ralph Faison

EMPLOYMENT AGREEMENTExhibit 10.15  

EXECUTIVE EMPLOYMENT AGREEMENT  

        This Executive Employment Agreement (this "Agreement") is made effective June 3, 2002, by and between Duratek, Inc., a Delaware corporation having
its principal place of business at 10100 Old Columbia Road, Columbia, Maryland 21046 (hereinafter, "Company"), and Robert E. Prince (hereinafter, "Employee"). 

RECITALS  

        WHEREFORE, Company desires to employ Employee as President and Chief Executive Officer, subject to the terms and
provisions of this Agreement, and Employee desires such employment with Company, subject to the terms and provisions of this Agreement. 

AGREEMENT  

        NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 

        1.    Term.    Unless earlier terminated as provided herein, Company hereby agrees to employ Employee and Employee
hereby accepts such employment for a two year period commencing June 3, 2002 and ending on June 3, 2004, upon the terms and conditions hereinafter set forth. Commencing on June 3,
2004 and each June 3rd thereafter, the Term shall automatically be extended for one additional year, unless this Agreement has been previously terminated pursuant to Section 8 of this
Agreement or, not later than the December 1st immediately preceding such June 3rd anniversary, Company or Employee shall have given written notice to the other that it does not wish to
extend this Agreement. For the purposes of
this Agreement, the term as defined in this Section, including any extension thereof, shall be the "Term." 

        2.    Duties.    During the Term, Employee shall serve as President and Chief Executive Officer (hereinafter,
"President and Chief Executive Officer") of Company and shall report to, and have those duties, responsibilities, and authority assigned him from time to time by, the Board of Directors of Company
(hereinafter, the "Board"). Employee shall have the powers and authority consistent with such responsibilities, duties, and authority. Employee shall devote substantially all his working time,
attention, knowledge, and skills faithfully, diligently, and to the best of his ability, in furtherance of the business and activities of Company. During the Term, Employee shall refrain from engaging
in any activity which is or may be contrary to the welfare, interests, or benefits of Company and from engaging in any activity which is or may be competitive with the activities of Company. The
principal place of performance by Employee of his duties hereunder shall be Company's principal executive offices in Columbia, Maryland or such other location as agreed to by Employee and Company,
although Employee may be required to travel outside of the area where Company's principal executive offices are located in connection with the business of Company, to an extent substantially
consistent with Employee's present business travel obligations. Nothing in this Section shall preclude Employee from engaging in charitable, professional, and community activities, in each case as
long as such activities do not interfere, conflict, or give the appearance of conflicting in any way with Employee's performance under this Agreement. 

        3.    Salary.    In consideration for the services to be rendered by Employee hereunder and for all rights and
covenants granted herein, Company shall pay to Employee a gross salary in the amount of $275,018 per year (hereinafter, the "Salary") commencing July 8, 2002. This Salary shall be paid in equal
monthly or bi-weekly installments, in accordance with the customary payroll practices of Company and subject to such deductions as are required by law and applicable regulations. This
salary may be increased from time to time at the discretion of the Compensation Committee of the Board. From the date hereof until July 8, 2002, Employee shall continue to be paid at his
current salary. 

 

        4.    Cash Bonus.    Employee will continue to be eligible to receive cash bonuses pursuant to the Company's Executive
Compensation Plan (the "Executive Compensation Plan"); provided, however, that Company may not reduce Employee's target bonus amount (represented as a
percentage of base salary) from that in effect as of the date hereof or as may be increased from time to time. In the event that Company amends or terminates the Executive Compensation Plan, Company
shall provide Employee with an annual cash bonus program that will provide him with an opportunity to realize an annual cash bonus which is not less than the target bonus amount (represented as a
percentage of base salary) that exists under the Executive Compensation Plan at the time it is amended or terminated, which opportunity
shall be reasonably comparable to Employee's opportunity under the Executive Compensation Plan as of the date hereof. 

        5.    Equity Incentive Plan.    Employee will continue to be eligible to receive equity incentives pursuant to the
Executive Compensation Plan. All awards pursuant to the Executive Compensation Plan shall be subject to the terms and provisions of the 1999 Stock Option and Incentive Plan, or any similar plan, and
any award agreement with respect to such award. The vesting, exercisability and termination provisions regarding such awards shall be subject to the terms and provisions of the 1999 Stock Option and
Incentive Plan, or other similar plan pursuant to which the award was made, and the corresponding award agreement. 

        6.    Employee Benefits.    Employee shall be entitled to participate in or receive benefits under any employee
benefit plan, arrangement or perquisite made available by Company to its executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall
administration of such plans, arrangements and perquisites. Nothing paid to Employee under any plan, arrangement or perquisite presently in effect or made available in the future shall be deemed to be
in lieu of the salary and bonus payable to Employee pursuant to Sections 3, 4, and 5 hereof. Any payments or benefits payable to Employee hereunder in respect of any year during which Employee
is employed by Company for less than the entire such year shall, unless otherwise provided in the applicable plan or arrangement be prorated in accordance with the number of days in such year during
which he is so employed. 

        7.    Vacations.    Employee shall be entitled to five weeks' vacation (personal time benefit) in each calendar year,
or such greater amount of vacation as may be determined in accordance with Company's vacation policy as in effect on the date hereof. Employee shall also be entitled to all paid holidays and personal
days given by Company to its executives. 

        8.    Termination.    Notwithstanding the provisions of Section 1 hereof, Employee's employment with Company
may be earlier terminated by either party at any time, subject to the following restrictions (except that termination due to death or disability of Employee shall be governed by Section 9
below): 

        (a)  at
any time during the Term, Company may terminate this Agreement for Cause upon written notice to Employee. For purposes hereof, "Cause" shall be defined as:
(i) Employee's willful material misconduct or neglect in the performance of his duties as determined by the Board; (ii) Employee's conviction by a court of competent jurisdiction of any
felony, offense punishable by imprisonment in a state or federal penitentiary, or any offense, civil or criminal, involving fraud, moral turpitude or immoral conduct; (iii) Employee's use of
illegal drugs or abusive use of prescription drugs as determined by a licensed physician or physicians designated by Company to examine Employee; or (iv) Employee's willful material breach of
this Agreement as determined by the Board, which breach is not cured within thirty (30) days after Employee's receipt of written notice from Company specifying such breach and demanding a cure
thereof; 

        (b)  at
any time during the Term and upon six (6) months prior written notice to Company, Employee may terminate this Agreement for "Good Reason." For the purposes of
this Agreement, "Good Reason" shall mean (i) Company's failure to perform or observe any of the material terms 

2

 

or provisions of this Agreement and continued failure of Company to cure such default within thirty (30) days after written demand for performance has been given to Company by Employee, which
demand shall describe specifically the nature of such alleged failure to perform or observe such material terms or provisions, (ii) a material reduction in the scope of Employee's duties,
authority, responsibilities or title as in effect immediately prior to such reduction; (iii) Company's assignment to Employee of duties which are inconsistent with Employee's position as
President and Chief Executive Officer; (iv) a reduction by Company in Employee's base salary or in any other benefits made available to other senior executives of Company; (v) Employee's
relocation to a facility or a location more than fifty (50) miles from the then present location without Employee's prior written consent; or (vi) removal of Employee as a director of
Company or failure of Employee to be re-elected as a director of Company, and in each case the failure of Company to cure the same within thirty (30) days after receipt of written
notice thereof from Employee; 

        (c)  at
any time during the Term and upon six (6) months prior written notice to Employee, Company may terminate this Agreement for any reason other than Cause, and at
any time during the Term and upon six (6) months prior written notice to Company, Employee may terminate this Agreement for any reason other than Good Reason; 

        (d)  upon
termination of this Agreement by Company for Cause or by Employee for any reason other than Good Reason, Employee shall be entitled only to his Salary up to the
date of the termination of this Agreement, and Company shall have no further obligation or duties to Employee, and Employee shall have no further obligation or duties to Company except as provided in
Sections 10, 11, and 12; 

        (e)  upon
termination of this Agreement by Company for any reason other than Cause or by Employee for Good Reason, Company shall continue to pay Employee's Salary and provide
Employee with benefits comparable to those Employee received pursuant to Sections 6 and 7, immediately prior to the effective date of termination through the twelfth full month following the
effective date of termination (hereinafter, the "Severance Period"), and Employee shall have no further obligations or duties to Company, except as provided in Sections 10, 11, and 12. Company
shall have no further obligation or duties to Employee other than as set forth in this Section 8(e). Employee's entitlement to amounts owing pursuant to this Agreement shall not be dependent
upon Employee's efforts to "mitigate" loss or to find other employment, nor shall the amounts owing pursuant to this Agreement be subject to offset by compensation earned from a subsequent employer. 

        9.    Disability and Death.    (a) If during the Term Employee shall become unable to perform his duties or
carry out his responsibilities by reason of illness or injury, Company shall continue to pay or provide to Employee Salary continuation under the terms of the disability insurance coverage for
officers of Company. If, however, the disability continues for an uninterrupted period exceeding six calendar months, Company, at its election, may terminate this Agreement with no further obligations
by Company. Employee shall be entitled to any benefit for which Employee qualifies under any long-term
disability plan of Company. The inability of Employee to perform his duties and carry out his responsibility because of illness or injury shall be determined by a qualified physician or physicians
designated by Company to examine Employee. To the extent physically and mentally capable, Employee shall furnish information and assistance to Company and shall be available to Company to undertake
reasonable assignments consistent with the dignity, importance, and scope of Employee's prior position and current physical and mental health. 

        (b)  If
during the Term Employee shall die, this Agreement shall terminate automatically. In this event, Company shall pay to Employee's estate or to his beneficiaries,
Employee's Salary up to the date of death. Company shall have no further obligation or duties to Employee's estate or to his beneficiaries. 

3

 

        10.    Restrictive Covenants.    

        (a)    Confidentiality.    During the Term and continuing subsequent to any termination or
expiration of this Agreement, Employee shall maintain Information, as defined in Section 10(a)(i) below, as secret and confidential unless Employee is required to disclose Information pursuant
to the terms of a valid and effective order issued by a court of competent jurisdiction or a governmental authority. Employee shall use Information solely for the purpose of carrying out those duties
assigned him as an employee of Company and not otherwise. The disclosure of Information to Employee shall not be construed as granting to Employee any license under any copyright, trade secret or any
right of ownership or right to use the information whatsoever. 

          (i)  For
the purposes of this Section 10, "Information" shall mean information related to Company's business. Such information shall include, but shall not be limited
to: (w) any financial, business, planning, operations, services, potential services, products, potential products, technical information, intellectual property, trade secrets and/or
know-how, formulas, production, purchasing, marketing, sales, personnel, customer, supplier, or other information of Company; (x) any papers, data, records, processes, methods,
techniques, systems, models, samples, devices, equipment, compilations, invoices, customer lists, or documents of Company; (y) any confidential information or trade secrets of any third party
provided to Company in confidence or subject to other use or disclosure restrictions or limitations; and (z) any other information, written, oral or electronic, whether existing now or at some
time in the future, whether pertaining to current or future developments, and whether accessed prior to Employee's tenure with Company or to be accessed during his future employment or association
with Company, which pertains to Company's affairs or interests or with whom or how Company does business. Company acknowledges and agrees that Confidential Information shall not include information
which is or becomes publicly available other than as a result of a disclosure by Employee. 

        (ii)  Employee
shall promptly notify Company if he has reason to believe that the unauthorized use, possession, or disclosure of any Information has occurred or may occur. 

        (iii)  All
physical items containing Information, including, without limitation, the business plan, know-how, collection methods and procedures, advertising
techniques, marketing plans and methods, sales techniques, documentation, contracts, reports, letters, notes, any computer media, customer lists and all other information and materials of Company's
business and operations, shall remain the exclusive and confidential property of Company and shall be returned, along with any copies or notes of Employee made thereof or therefrom, to Company when
Employee ceases his employment with Company. 

        (b)    Non-Competition.    Employee hereby covenants and agrees that at no time
during Employee's employment with Company and for a period of one year immediately following termination of Employee's employment with Company, whether voluntary or involuntary, shall Employee
(i) develop, own, manage, operate, or otherwise engage in, participate in, represent in any way or be connected with, as officer, director, partner, owner, employee, agent, independent
contractor, consultant, proprietor, stockholder (except for the ownership of a less than 5% stock interest in a publicly traded company), or otherwise, any business or activity competing with Company
or its affiliates within the United States; (ii) act in any way, directly or indirectly, with the purpose or effect of soliciting, diverting or taking away any business, customer, client or any
supplier of Company; or (iii) otherwise compete with Company in the sale or licensing, directly or indirectly, as principal, agent or otherwise, of any products competitive with the products,
or services competitive with the services, developed or marketed by Company within the United States. Employee acknowledges that he will provide unique services to Company and that this covenant has
unique, substantial, and immeasurable value to Company. 

4

 

        (c)    Non-solicitation or hiring of employees.    Employee hereby covenants and
agrees that at no time during Employee's employment with Company and for a period of one year immediately following termination of Employee's employment with Company, whether voluntary or involuntary,
will Employee act in any way with the purpose or effect of (i) hiring any of the employees of Company, its divisions or subsidiaries or (ii) soliciting, recruiting or encouraging,
directly or indirectly, any of Company's employees to leave the employ of Company, its divisions or its subsidiaries. 

        11.    Discoveries, Inventions, Trade Secrets, Trade Names, Copyrights, and Patents.    As part of the rights granted
herein to Company, Employee agrees that all right, title and interest of any kind and nature whatsoever in and to any inventions, product, know-how, trade secrets, patents, trademarks,
methods, procedures, copyrights, seminars, discoveries, improvements, ideas, creations, and other technical properties, whether or not patentable or subject to rights of copyright and/or trademark,
which are conceived or made by Employee during the Term, and which are related to any of the business and/or activities of Company and any other lines of business which Company subsequently pursues in
any form to include but not be limited to a strategic plan, research, feasibility studies, development, manufacturing, and customer contact (including but not limited to intellectual property,
know-how, trade secrets, and patents in process or granted) or the performance by Employee of his services hereunder, shall be and become the sole and exclusive property of Company for all
purposes. Employee shall promptly disclose to Company any such conception or other work product of the type as is generally described in the immediately preceding sentence. Employee agrees to execute
any and all applications,
assignments and other written instruments that Company may deem necessary and appropriate to confirm the title and interest of Company therein and thereto. The obligations of Employee under this
Section 11 shall be binding upon his assignees, employers, other corporate or research affiliates, executors, administrators and heirs. The grant, transfer and assignment to Company by Employee
of rights to intellectual properties shall remain effective for such periods of time as applicable law may permit with respect to the ownership of any such intellectual property or materials. 

        12.    Enforcement.    Employee understands and agrees that he will provide unique services to Company and that the
restrictions contained in Sections 10 and 11 of this Agreement are reasonable, fair, and equitable in scope, terms, and duration, are necessary to protect the legitimate business interests,
trade secrets, and good will of Company, and are a material inducement to Company to enter into this Agreement, and that any breach or threatened breach of the restrictions stated in
Sections 10 and 11 would cause Company substantial and irreparable harm for which there is no adequate remedy at law. Therefore, Employee agrees and consents to the issuance of injunctive
relief in favor of Company by any court of competent jurisdiction, where, in Company's sole discretion, Company has acted upon reasonable information concerning a breach or potential breach of this
Agreement, to enjoin the breach of any of the covenants of Employee contained in Sections 10 and 11 of this Agreement. Nothing contained in this Section shall invalidate or waive any other
rights or remedies which Company may have at law or in equity. 

        13.    Indemnification; Directors' and Officers' Insurance.    

        (a)  While
Employee is employed by Company pursuant to this Agreement, Company covenants that it will not repeal or modify any right to indemnification or limitation of
liability under Company's Amended and Restated Certificate of Incorporation, By-Laws, or otherwise so as to adversely affect any right or protection of a director or officer of Company
existing at the time of such repeal or modification. 

        (b)  Company
agrees to provide to Employee and keep current at all times during Employee's employment, at its expense, director's and officer's liability insurance, with
Employee named as the beneficiary, with such coverage limits as are determined in the reasonable discretion of the Board. 

5

 

        14.    Change in Control.    Notwithstanding any other provisions of this Agreement, Company agrees that in the event
a Change of Control (as hereinafter defined) occurs and Employee leaves the employment of Company and the combined entity for whatever reason (other than (i) termination for Cause,
(ii) death, (iii) permanent disability as described in Section 9 hereof or (iv) by Employee for any reason other than Good Reason): 

        (a)  If
the termination occurs within twelve months after a Change of Control, Company shall continue to pay Employee's Salary through the twelfth (12th) full
month following the effective date of termination. The six (6) month notice requirement prior to the effective date of termination pursuant to Sections 8(b) and 8(c) shall continue to be
applicable following a Change in Control. 

        (b)  To
the extent eligible, Employee shall continue to be covered by all noncash benefit plans of Company, except for the retirement plans or retirement programs in which
Employee participates or any successor plans or programs in effect on the date of a Change in Control, for 12 months thereafter; provided, however, that if during such time period Employee
should enter into the employment of a competitor of Company, participation in such noncash benefit plans would cease. In the event Employee is ineligible under the terms of such plans to continue to
be so covered, Company shall use its best efforts to provide substantially equivalent coverage through other sources. If Company is unable to provide substantially equivalent coverage through other
sources, then Company shall pay in cash to Employee the amount Company would have had to expend to provide such coverage assuming standard risk. 

        (c)  Employee's
payments received hereunder shall be considered severance pay in consideration of past service, and pay in consideration of continued service from the date
hereof and entitlement thereto shall not be governed by any duty to mitigate damages by seeking further employment nor offset by any compensation which may be received from future employment. 

        (d)  The
specific arrangements referred to above are not intended to exclude Employee's participation in other benefits available to executive personnel generally or to
preclude other compensation or benefits as may be authorized by the Board from time to time, or as a result of the Change of Control. 

        (e)  This
Section shall be binding upon and shall inure to the benefit of the respective successors, assigns, legal representatives and heirs to the parties hereto. 

        (f)    For
the purpose of this Agreement, a "Change of Control" shall mean: a merger, consolidation, or reorganization of Company with one or more other entities in which
Company is not the surviving entity, a sale of substantially all of the assets of Company to another entity, or any transaction (including, without limitation, a merger or reorganization in which
Company is the surviving entity) that results in any person or entity (or persons or entities acting as a group or otherwise in concert) other than The Carlyle Group and/or its affiliates, becoming
the beneficial owner of fifty percent (50%) or more of the combined voting power of all classes of securities of Company or obtaining (through stock ownership, proxies, or otherwise) the right to
elect a majority of the Board. 

        15.    Gross Up Payments    If the payment provided under this Agreement (the "Contract Payment") is subject to the
tax (the "Excise Tax") imposed by Section 4999 of the Internal Revenue Code of 1986, as amended ("Code"), Company shall pay Employee on or before the fifth day following the date of
termination, an additional amount (the "Gross-Up Payment") such that the net amount retained by Employee, after deduction of any Excise Tax on the Contract Payment and such other Total
Payments
(as defined below) and any federal and state and local income tax and Excise Tax upon the payment provided for by this Section, shall be equal to the Contract Payment and such other Total Payments.
For purposes of determining whether any of the payments will be subject to the Excise Tax 

6

 

and the amount of such Excise Tax, (i) any other payments or benefits received or to be received by Employee in connection with a Change of Control of Company or Employee's termination of
employment, whether payable pursuant to the terms of this Agreement or any other plan, arrangement or agreement with Company, its successors, any person whose actions result in a Change of Control of
Company or any corporation affiliated (or which, as a result of the completion of a transaction causing a Change of Control, will become affiliated) with Company within the meaning of
Section 1504 of the Code (together with the Contract Payment, the "Total Payments") shall be treated as "parachute payments" within the meaning of Section 280G(b)(2) of the Code, and all
"excess parachute payments" within the meaning of Section 280G(b)(1) shall be treated as subject to the Excise Tax, unless in the opinion of tax counsel selected by Company and acceptable to
Employee, whose acceptance shall not be unreasonably withheld, the Total Payments (in whole or in part) do not constitute parachute payments, or such excess parachute payments (in whole or in part)
represent reasonable compensation for services actually rendered within the meaning of Section 280G(b)(4) of the Code either in their entirety or in excess of the base amount within the meaning
of Section 280G(b)(3) of the Code, or are otherwise not subject to the Excise Tax, (ii) the amount of the Total Payments that shall be treated as subject to the Excise Tax shall be equal
to the lesser of (A) the total amount of the Total Payments or (B) the amount of excess parachute payments within the meaning of Section 280G(b)(1) (after applying
clause (i), above), and (iii) the value of any non-cash benefits or any deferred payment or benefit shall be determined by Company's independent auditors in accordance with
the principles of Sections 280G(b)(3) and (4) of the Code. For purposes of determining the amount of the Gross-Up Payment, Employee shall be deemed to pay federal income taxes at
the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of
taxation in the state and locality of Employee's residence on the date of termination, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and
local taxes. In the event that the Excise Tax is subsequently determined to be less than the amount taken into account hereunder at the time of termination of Employee's employment, Employee shall
repay to Company at the time that the amount of such reduction in Excise Tax is finally determined the portion of the Gross-Up Payment attributable to such reduction (plus the portion of
the Gross-Up Payment attributable to the Excise Tax and federal and state and local income tax imposed on the Gross-Up Payment being repaid by Employee if such repayment
results in a reduction in Excise Tax and/or a federal state and local income tax deduction) plus interest on the amount of such repayment at the rate provided in Section 1274(d) of the Code. In
the event that the Excise Tax is determined to exceed the amount taken into account hereunder at the time of the termination of Employee's employment (including by reason of any payment the existence
or amount of which cannot be determined at the time of the Gross-Up Payment), Company shall make an additional Gross-Up Payment in respect of such excess (plus any interest
payable with respect to such excess) at the time that the amount of such excess is finally determined. 

        16.    Survivability.    The provisions of Sections 10, 11 and 12 of this Agreement shall survive its
termination. 

        17.    Section Titles.    The titles of the Sections of this Agreement are for convenience only and shall not affect
the interpretation of any Section hereof. 

        18.    Waiver.    A waiver by either party hereto of any of the terms or conditions of this Agreement in any instance
shall not be deemed or construed to be a waiver of such term or condition for the future, or of any subsequent breach thereof. All remedies, rights, undertakings, obligations and agreements contained
in this Agreement shall be cumulative and none of them shall be in limitation of any other remedy, right, undertaking, obligation or agreement of either party hereto. 

        19.    Severability.    The rights and restrictions in this Agreement may be exercised and are applicable only to the
extent that they do not violate applicable laws, and are intended to be limited to the extent necessary so that they will not render this Agreement illegal, invalid, or unenforceable. If 

7

 

any provision of this Agreement shall be deemed to be invalid or unenforceable, then that provision shall be modified to make it enforceable to the maximum extent possible, and the remaining
provisions of this Agreement shall not be affected thereby and shall remain in full force and effect. 

        20.    Assignment.    This Agreement requires the personal services of Employee only, and Employee shall not be
entitled to assign any portion of his duties or obligations hereunder. 

        21.    Notices.    For the purposes of this Agreement, notices, demands and all other communications provided for in
this Agreement shall be in writing and shall be deemed to have been duly given when delivered or (unless otherwise specified) mailed by United States certified or registered mail, return receipt
requested, postage prepaid, addressed as follows: 

	If to Employee:	 	Robert E. Prince

1913 Hidden Point Road

Annapolis, MD 21401
	

If to Company:	
 	

Duratek, Inc.

10100 Old Columbia Road

Columbia, Maryland 21046

        22.    Governing Law.    This Agreement has been made and executed in the State of Maryland and shall be governed by
the laws of Maryland applicable to contracts fully to be performed therein. 

        23.    Waiver of Jury Trial.    THE PARTIES HERETO HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM
OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION. THE SCOPE OF THIS WAIVER IS INTENDED TO BE
ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT. EACH OF THE PARTIES HERETO REPRESENTS AND WARRANTS THAT IT
HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT
IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, SUPPLEMENTS OR MODIFICATIONS TO (OR ASSIGNMENTS OF) THIS AGREEMENT. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL (WITHOUT A JURY) BY THE COURT. 

        24.    Entire Agreement.    This Agreement constitutes the entire agreement of the parties and supersedes any and all
previous agreements between the Parties, including the Employment Agreement between Company and Employee dated January 24, 1995 (the "Prior Agreement"). Upon the execution by the parties of
this Agreement, the Prior Agreement shall be terminated and of no further force and effect. This Agreement may not be modified orally, but only by an agreement in writing supplied by the party against
whom enforcement of any waiver, change, modification, extension, or discharge is sought. 

        25.    Counterparts.    This Agreement may be executed in one or more counterparts, each of which shall deemed to be
an original but all of which together will constitute one and the same instrument. 

        26.    Miscellaneous.    The parties agree to execute all other such documents as may be required to effectuate or
more readily carry out the provisions hereof. 

8

 

        IN
WITNESS WHEREOF, Employee and Company have executed this Agreement. 

	COMPANY:	 	EMPLOYEE:
	

DURATEK, INC.	
 	

Robert E. Prince
	

  

    	
 	

 
	

By: /s/  FRANCIS J. HARVEY      	
 	

/s/  ROBERT E. PRINCE      
	

Name: Francis J. Harvey	
 	

 
	

Title: Chairman,Compensation Committee	
 	

Date: 6/21/02
	

Date: 6/20/02	
 	

 

9

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