Document:

RETENTION AMEND. TO MANAGEMENT AGMT. 10/01/2000

EXHIBIT 10.43

RETENTION AMENDMENT

TO

MANAGEMENT AGREEMENT

               THIS RETENTION AMENDMENT is made this 1 day of October, 2000, by and between SCOTT TECHNOLOGIES, INC., a Delaware
corporation (hereinafter referred to as the "Company") and Debra L. Kackley, an executive employee of the Company (hereinafter referred to as the "Executive"):

W I T N E S S E T H:

                         WHEREAS, the Company and the Executive have previously entered
into a Management Agreement (hereinafter referred to as the "Agreement"); and

                         WHEREAS, The Company has determined that it is in the best
interests of the Company to have the continued service and dedication of the Executive throughout the period beginning on the execution of this amendment and ending on the earlier of January 15, 2002 or a "Change in Control" as defined in
the Agreement.

                         NOW, THEREFORE, the Company and the Executive hereby amend the
Agreement effective as of the date hereof by the addition at the end thereof of a new Section to read as follows:

                         "Section 7.      Retention

                         7.1      Relocation of
Work Location. In addition to other provisions of this Agreement relating to "Good Reason," the Executive shall be deemed to have terminated employment for "Good Reason" if, within twelve (12) months after a Change in
Control, the Executive is asked to relocate more than fifty (50) miles from the Executive's current work location and the Executive chooses not to relocate and instead terminates 

 

employment with the Company.

               7.2      Retention Bonus. In the event that there is a Change in Control
prior to January 15, 2002 and the Executive is still employed by the Company on the Date of the Change in Control, then the Executive will be paid a Retention Bonus in the amount of fifty percent (50%) of the Executive's then annual current base
salary in effect at the time of the Change in Control, payable within ten (10) days after the Change in Control. In the event that there is no Change in Control prior to January 15, 2002 and the Executive remains employed with the Company through
January 15, 2002, then the Retention Bonus will be paid on January 31, 2002. If the Retention Bonus is paid when no Change in Control has occurred, the Bonus amount shall be fifty percent (50%) of the annual base salary in effect at the time of such
payment."

                              IN WITNESS WHEREOF, the Company,
by its duly authorized officers, and the Executive have executed this Retention Amendment as of the day and year first above written.

	 	 	SCOTT TECHNOLOGIES, INC.
	 	 	 
	 	 	                    ("Company")
	 	 	 
	 	 	By_________________________
	 	 	 
	 	 	And_________________________
	 	 	 
	 	 	 
	 	 	____________________________

                    ("Executive")AMENDMENT AND WAIVER #7 DATED 01/25/2001

EXECUTION COPY 

EXHIBIT 10.45

 WAIVER NO. 7

               WAIVER NO. 7 (this "Waiver"), dated as of January 25, 2001, among Scott Technologies, Inc., a
Delaware corporation ("Borrower"), the Lenders party to the Credit Agreement referred to below ("Lenders") and General Electric Capital Corporation, a New York corporation, as agent for said Lenders ("Agent"), to the
Credit Agreement referred to below.

W I T N E S S E T H

               WHEREAS, Borrower, Agent and Lenders have entered into an Amended and Restated Credit Agreement, dated
as of December 31, 1998 (as heretofore amended, the "Credit Agreement"; the terms defined in Credit Agreement being used herein as therein defined, unless otherwise defined herein);

               WHEREAS, Section 1.2(b)(iv) of the Credit Agreement provides for, among other things, the mandatory
prepayment by Borrower of the Obligations on the earlier of the date which is ten (10) days after (A) the date on which Borrower's annual audited Financials for the immediately preceding Fiscal Year are delivered pursuant to Annex D to the Credit
Agreement or (B) the date on which such annual audited Financials were required to be delivered pursuant to Annex D to the Credit Agreement in an amount equal to twenty-five percent (25%) of Excess Cash Flow for the immediately preceding Fiscal
Year; and 

               WHEREAS, Agent and Lenders party hereto agree to waive the mandatory prepayment of the Obligations
otherwise required pursuant to Section 1.2(b)(iv) of the Credit Agreement from the Excess Cash Flow for the Fiscal Year ending December 31, 2000, subject to the terms and conditions hereinafter set forth.

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

                SECTION 1.       Waiver. Subject to the satisfaction of each of the
conditions set forth in Section 4 hereof, Agent and each Lender party hereto hereby waive the provisions of Section 1.2(b)(iv) of the Credit Agreement in respect of, and only in respect of, the mandatory prepayment of the Obligations otherwise
required from the Excess Cash Flow for the Fiscal Year ending December 31, 2000.

                SECTION 2.       Representations and Warranties. Borrower represents
and warrants to Agent and Lenders as follows:

                (a)   All of the representations and warranties of Borrower contained in the Credit Agreement
and in the other Loan Documents are true and correct on the date hereof as though made on such date, except to the extent that any such representation or warranty expressly relates to an earlier date, for changes permitted or contemplated by

 

the Credit Agreement or this Waiver or as otherwise disclosed in writing to Agent and Lenders. No Default or Event of Default has occurred and is continuing or would result from the transactions
contemplated hereby.

                (b)  The execution, delivery and performance by Borrower of this Waiver have been duly
authorized by all necessary or proper corporate action and do not require the consent or approval of any Person which has not been obtained.

                (c)   This Waiver has been duly executed and delivered by Borrower and each of this Waiver
and the Credit Agreement as amended hereby constitutes a legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms, subject as to enforcement, to bankruptcy, insolvency, reorganization and other laws
of general applicability relating to or affecting creditors' rights and to general equity principles.

                SECTION 3.     Effect on the Loan Documents. (a) Upon the effectiveness
of this Waiver, each reference in any Loan Document to "this Agreement", "hereunder", "herein", or words of like import, and each reference in any other Loan Document to such Loan Document, shall mean and be a reference
to such Loan Document as amended hereby.

               (b)   Except as certain provisions are specifically amended or waived herein, the Credit
Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

               (c)   The execution, delivery and effectiveness of this Waiver shall not, except as expressly
provided herein, operate as a modification of any right, power, or remedy of the Agent or the Lenders under any of the Loan Documents, nor constitute a modification of any provision of any of the Loan Documents.

                SECTION 4.      Effectiveness. This Waiver shall become effective as of
the date first set forth above, provided that each of the following conditions has been satisfied on the date hereof, including the delivery to Agent of each of the documents set forth below in form and substance satisfactory to Agent:

                (a)   Counterparts of this Waiver duly executed by Borrower, the Required Lenders and Agent;
and

                (b)   All of the representations and warranties of Borrower contained in Section 2 hereof
shall be true and correct and certified by a certificate of an officer of Borrower.

                SECTION 5.      Expenses. Borrower agrees to pay on demand all
reasonable out-of-pocket costs and expenses of Agent in connection with the preparation, execution and delivery of this Waiver, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for Agent with respect
thereto.

 

                SECTION 6.      Governing Law. This Waiver shall be governed by,
construed and enforced in accordance with the laws of the State of New York, without regard to conflict of laws principles thereof.

                SECTION 7.      Counterparts. This Waiver may be executed in any number
of counterparts, which shall, collectively and separately, constitute one agreement.

 

               IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be duly executed as of the date first
above written.

	 	 	SCOTT TECHNOLOGIES, INC.
	 	 	 
	 	 	 
	 	 	By:_________________________

Name:

Title:
	 	 	 
	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL

CORPORATION, as Agent and Lender
	 	 	 
	 	 	 
	 	 	By:___________________________

Name:

Title:
	 	 	 
	 	 	 
	 	 	BANK OF AMERICA, N.A. (formerly

NationsBank, N.A.), as Lender
	 	 	 
	 	 	 
	 	 	By:___________________________

Name:

Title:
	 	 	 
	 	 	 
	 	 	BANK ONE, MICHIGAN (formerly, NBD Bank),

as Lender
	 	 	 
	 	 	 
	 	 	By:___________________________

Name:

Title:
	 	 	 

	 	ABN AMRO BANK, N.V., as Lender 
	 	 
	 	 
	 	By:___________________________

Name:

Title: 
	 	 
	 	 
	 	NATIONAL CITY BANK, as Lender
	 	 
	 	 
	 	By:___________________________

Name:

Title: 
	 	 
	 	 
	 	THE HUNTINGTON NATIONAL BANK, as

Lender
	 	 
	 	 
	 	By:___________________________

Name:

Title: 
	 	 
	 	 
	 	PNC BANK, NATIONAL ASSOCIATION, as

Lender
	 	 
	 	 
	 	By:___________________________

Name:

Title: 

	 	AMSOUTH BANK, as Lender
	 	 
	 	 
	 	By:___________________________

Name:

Title: 
	 	 
	 	THE PROVIDENT BANK, as Lender
	 	 
	 	 
	 	By:___________________________

Name:

Title: 
	 	 
	 	 
	 	FIRSTAR BANK, N.A. (formerly, Star Bank,

N.A.), as Lender
	 	 
	 	 
	 	By:___________________________

Name:

Title:

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