Document:

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                                                                   EXHIBIT 10.27

                       (AMTROL LOGO) AMTROL HOLDINGS INC.
                   1400 Division Road, West Warwick, RI 02893

November 3, 2004

{Board of Director}
c/o Amtrol Inc.
1400 Division Road
West Warwick, Rhode Island

Re:   Indemnification and Advancement of Expenses; Insurance

Dear {Board of Director}:

      You are currently serving as a director of Amtrol Holdings Inc., a
Delaware corporation (the "Company"), and as a director of the Company's
wholly-owned subsidiary, Amtrol Inc., at the request of the Company. In
connection therewith, the Company hereby agrees to indemnify you, to the fullest
extent permitted by the General Corporation Law of the State of Delaware (the
"DGCL"), to the extent you are or are threatened to be made a party, witness or
other participant in any threatened, pending or completed action, suit,
proceeding or alternative dispute resolution mechanism, whether civil, criminal,
administrative or investigative, by reason of (or arising in part out of) any
event or occurrence related to the fact that you are or were a director,
officer, employee, agent or fiduciary of the Company, any of its affiliates, or
any other corporation, partnership, joint venture, trust or other enterprise of
which you are or were serving as a director, officer, employee or agent at the
request of the Company, or by reason of any action or inaction on your part
while serving in such capacity (an "Action") against any and all expenses
(including attorneys' fees and all other costs, expenses and obligations in
connection with and in preparation of investigating, defending, being a witness
in or participating in (including on appeal) any such Action), judgments, fines
and amounts paid in settlement actually and reasonably incurred by you in
connection with such Action ("Expenses") if you acted in good faith and in a
manner you reasonably believed to be in or not opposed to the best interests of
the Company and, with respect to any criminal action, suit or proceeding, had no
reasonable cause to believe your conduct was unlawful; provided, however, that
unless a court orders otherwise as contemplated by Section 145(b) of the DGCL,
the Company shall have no such indemnification obligation to you in connection
with any Action by or in the right of the Company to procure a judgment in its
favor to the extent of and upon a final judicial order or judgment that (i) you
engaged in acts covered under Section 174 of the DGCL, or (ii) you engaged in
acts from which you derived an improper personal benefit or you breached a duty
of loyalty to the Company or its stockholders. You shall promptly notify the
Company of any Action; provided, however, that the failure to give such notice
shall not impair your right to indemnification in respect of such Action unless,
and only to the extent that, you had actual notice of such Action and the lack
of prompt notice adversely affects the ability of the Company to defend against
or diminish the losses arising out of such Action. Any indemnification pursuant
to this letter agreement shall be made in accordance with Section 145(d) of the
DGCL.
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      You shall be entitled to timely advances from the Company for payment of
the Expenses incurred by you in connection with any Action in the manner and to
the full extent permissible under Section 145(e) of the DGCL. By executing this
letter agreement in the space marked below, you agree to reimburse the Company
for any such advances if it is ultimately determined that you are not entitled
to be indemnified by the Company in accordance with this letter agreement and
the DGCL.

      Payments of Expenses to which you are entitled pursuant to this letter
agreement shall be made no later than 20 days after request for such payment has
been furnished to the Company.

      The indemnification and advance of expenses provided for by this letter
agreement and the DGCL shall continue after you have ceased to be a director,
officer, employee or agent and shall inure to the benefit of your heirs,
executors, and administrators.

      The Company currently maintains Directors and Officers Liability primary
and excess insurance Policies (the "Policy"). Without in any way limiting the
Company's other obligations described in this letter agreement, the Company
agrees that the Policy or an Equivalent Policy will be maintained on your behalf
for so long as you have liability as a director, officer, employee or agent of
the Company or any of its subsidiaries. For purposes of this letter agreement,
"Equivalent Policy" or "Equivalent Terms" means primary and excess policies
issued by a carrier with an equivalent or better Best rating to that currently
ascribed to the current primary carrier with coverage terms and primary and
excess limits at least as favorable as those contained in the Policy. In the
event of a Change in Control or Transaction as defined in the Policy, the
Company will purchase or cause a new controlling entity or other third party to
immediately purchase "tail coverage" or "run-off coverage" which shall be fully
paid for as of the closing of the Transaction and in force for a minimum of six
years and which shall be written with Equivalent Terms. If the coverage
described in this paragraph is not available for purchase, the Policy purchased
instead shall approximate to the extent possible the Equivalent Terms and the
coverage otherwise required by this agreement.

      This letter agreement has been duly approved by the Board of Directors of
the Company and supercedes any and all prior agreements or understandings (other
than indemnification provisions applicable to you in the Company's Bylaws and/or
Certificate of Incorporation, in each case as amended from time to time
(together, the "Ancillary Agreements")), whether written or oral, between the
Company and you with respect to the subject matter hereof. In the event of any
conflict between the terms of this letter agreement and any of the Ancillary
Agreements, the terms of such agreements shall be interpreted so as to provide
the maximum benefit to you with respect to the subject matter hereof.

      For purposes of this letter agreement, references to the "Company" shall
include, in addition to the resulting corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or
merger which, if its separate existence had continued, would have had power and
authority to indemnify its directors, officers, employees and agents.

      This letter agreement establishes contract rights which shall be binding
upon, and shall inure to the benefit of, the successors, assigns, heirs and
legal representatives of the parties hereto, including, with respect to the
Company, any corporation or other successor entity.
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      The validity, interpretation, performance and enforcement of this letter
agreement shall be governed by the laws of the State of Delaware.

                                    Very truly yours,

                                    Amtrol Holdings, Inc.

                                    By: _______________________________

Acknowledged and agreed:

__________________________
{Board of Director}<PAGE>

                                                                   EXHIBIT 10.24

          Summary of Compensation Policy for Directors of Applix, Inc.

The following summarized the compensation policy for directors of Applix, Inc.
(the "Company"):

Cash Compensation

      Employee directors of the Company do not receive compensation for their
services as directors. The non-employee directors receive annual compensation
for their services as directors as follows:

        -   $10,000 to each non-employee director;

        -   an additional $25,000 for the non-employee director serving as the
            Chairman of the Board;

        -   an additional $25,000 for the non-employee director serving as the
            Audit Committee chairman; and

        -   an additional $12,500 for the non-employee director serving as the
            Compensation Committee chairman.

      In addition, non-employee directors are reimbursed for expenses incurred
in connection with attendance at Board of Directors meetings.

Stock Options

      Pursuant to the 2003 Director Equity Plan (the "2003 Director Plan"), (1)
each non-employee director received a stock option for 10,000 shares of common
stock on January 1, 2004, (2) each non-employee director receives a stock option
for 10,000 shares of common stock on January 1 of each year, so long as he or
she continues to serve as a director and provided he or she attended at least
75% of the meetings of the Board of Directors and any committees on which he or
she served in the preceding year and (3) each new non-employee director receives
a stock option to purchase 10,000 shares of common stock upon such director's
initial election to the Board of Directors (an "Election Grant"). All of the
stock options described above have an exercise price equal to the fair market
value of the common stock on the date of grant. Except for Election Grants, the
stock options become exercisable on the first anniversary of the date of grant
(or upon an earlier change in control of the Company), provided the optionee
continues to serve as a director of the Company on such date; and expire seven
years from the date of grant or 90 days after the optionee ceases to serve as a
director. Election Grants become exercisable in two equal annual installments on
the first and second anniversaries of the date of grant (or upon an earlier
change in control of the Company), provided the optionee continues to serve as a
director of the Company on such date.

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Stock Awards

      The non-employee directors automatically receive grants of common stock of
the Company on January 1 of each year as follows:

      -     $5,000 worth of common stock to each non-employee director serving
            as a director on such date;

      -     an additional $10,000 worth of common stock to the non-employee
            director serving as Chairman of the Board of Directors on such date;

      -     an additional $2,500 worth of common stock to each non-employee
            director serving on the Audit Committee on such date;

      -     an additional $5,000 worth of common stock to the non-employee
            director serving as the Chairman of the Audit Committee on such
            date;

      -     an additional $2,500 worth of common stock to each non-employee
            director serving on the Compensation Committee on such date;

      -     an additional $2,500 worth of common stock to the non-employee
            director serving as the Chairman of the Compensation Committee on
            such date; and

      -     an additional $2,500 worth of common stock to each non-employee
            director serving on the Nominating and Corporate Governance
            Committee on such date, provided that such grant shall not be made
            if such non-employee director is also a member of either the
            Compensation Committee or the Audit Committee on such date.

Such common stock shall be valued at the average closing price of the common
stock on The NASDAQ SmallCap Market (or such other principal exchange on which
the common stock is then listed, or the average of the closing bid and asked
prices in the over-the-counter market, as applicable) on the five consecutive
trading days ending two days prior to the date of each grant.

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