Document:

Exhibit 99.B

	

     Exhibit
10.B 

CONFIDENTIAL

THE MIDDLEBY
CORPORATION
SEVERANCE AGREEMENT

The Middleby Corporation
(“Middleby”) and David B. Baker (“Employee”) enter into this
severance agreement on this 7th day of June 2001. In recognition of the
Employee’s past and continued service to The Middleby Corporation, Middleby
agrees to provide the Employee with one year of base salary severance and one
year of normal employer provided health insurance in the event of the
Employee’s involuntary termination of employment from Middleby for any
reason other than Cause. Cause shall mean gross negligence, willful misconduct,
breach of fiduciary duty involving personal profit, substance abuse, or
commission of a felony. 

This one-year base salary
severance and health insurance guarantee to the Employee will also be in effect
in the event of a Change of Control of Middleby and shall be considered a
liability of the successor owner of Middleby. In the event of a Change of
Control of Middleby, Employee shall have the right at any time within the
six-month period immediately following the Change of Control to terminate his
employment by providing written notice to Middleby or its Successor. Upon
providing such notice of termination Employee shall be entitled to receive
one-year of base salary severance and one year of normal employer provided
health insurance. For purposes of this agreement a Change of Control shall mean
any twenty-five percentage point increase in the percentage of outstanding
voting securities of The Middleby Corporation hereafter held by any person or
group of persons who agree to act together for the purpose of acquiring,
holding, voting, or disposing of such voting securities as compared to the
percentage of outstanding voting securities of The Middleby Corporation held by
such person or group of persons on the date hereof. 

			Example:		
On June 7, 2001 individual A owns 2.42% of the total outstanding voting
securities of The Middleby Corporation. Thereafter, individual A commences a
series of open market and private purchases, and on October 7, 2001 for the
first time his holdings exceed 27.42% of the outstanding voting securities of
The Middleby Corporation. A Change of Control occurs on October 7, 2001.

	

This agreement expires two
years from the date first above written. 

Agreed:
_________________________________ David B. Baker, VP and Chief Financial Officer 

For Middleby:
____________________________ Selim A. Bassoul, President and CEOExhibit 99.C

	

     Exhibit
10.C 

Interoffice
Memo

Date:     03/01/2001

To:        Selim Bassoul

CC:        WFW

From:     David B. Baker

Selim, 

Below outlines the content
of the special executive compensation program that is offered to you. 

	1. 		The
term of this program is 3 years. Expiring with the end of fiscal year 2003. 

	2. 		The
company will transfer to you, at $6.00 per share, 50,000 shares of TMC common stock. 

	3.		
The company will loan you the funds necessary to make the above purchase,
secured by the stock and personally payable by you to the company subject to the
provisions outlined below. 

	4. 		This
stock will be owned by you, but held by the company. 

	5.		
This stock will be restricted and subject to rule 144 as you are an officer of
the company and considered an insider. The holding period of this stock begins
when and as the note is forgiven and the stock is released from the pledge. 

	6.		
Interest on your loan will be calculated at the higher of, the rates paid to
those employees participating in the deferred compensation plan, or, the minimum
IRS rate allowed by law. 

	7. 		Any
sale of the stock will be for your account and subject to taxes paid which will be your
responsibility. 

	8.		
The amount of your loan, plus interest, will be retired by the company (special
bonus) if your performance meets or exceeds the “Earnings Before
Taxes” targets listed below: 

	

Confidential 

	

Interoffice Memo 

	 		A: For
fiscal year 2001, Earnings Before Taxes, for the corporation, must equal or exceed $ 1.20
per share. 

	 		B: For
fiscal year 2002, Earnings Before Taxes, for the corporation, must equal or exceed $ 1.50
per share. 

	 		C: For
fiscal year 2003, Earnings Before Taxes, for the corporation, must equal or exceed $ 1.75
per share 

	9. 		Your
“special bonus” will be calculated and paid as follows: 

			a. 		If
you meet or exceed your performance goals in a given year, the company will retire, 1/3
of the remaining balance of the principal and interest of your loan in year one, 50% of
the remaining balance of your loan in year two, and the remaining balance of your loan in
year three.

			b. 		If
you did not meet your objective, but your cumulative actual performance equaled or
exceeded the cumulative objective, the company will retire the remaining balance of the
principal and interest of your loan according to the schedule in “a” above. If you fail
to meet either of these objectives, no payment will be made.

	10. 		If
you leave the company, voluntarily, for any reason, the balance of the loan becomes due
and immediately payable. 

	11. 		If
you leave the company due to termination (except for cause), the balance of the loan must
be repaid in 24 months. 

	12. 		If
during the term of the loan, William F. Whitman sells 20% or more of his personal stock
holdings in the company, your loan will be forgiven. 

	Example:	
	 	
	Performance objective:	Actual performance:
	 	
	Year 2001 —  EBT= $ 1.20/share	Actual performance = $ 1.30/share
	 	
	Year 2002 —  EBT= $ 1.50/share	Actual Performance = $ 1.45/share
	 	
	Year 2003 –  EBT= $ 1.75/share	Actual Performance = $ 1.75/share
	 	
	Stock price at purchase $ 6.00/share —	Loan value = $ 300,000
	 	
	Interest rate 6.00%	

			
	01/16/96	Confidential	2

	

Interoffice Memo 

EXAMPLE
(cont.):

January 2002 Loan balance = $300,000
+ interest ($18,000) = Total $318,000.

As Actual performance exceeded
objective, bonus payment = $106,000 

January 2003 Loan balance = $212,000
+ interest ($12,720) = Total $224,720

Actual performance did not meet
objectives, however cumulative actual equaled cumulative objective, bonus
payment = $112,360 

January 2004 Loan
balance = $112,360+ interest ($6,742)= Total Actual exceeded objective, bonus payment = $119,102 

Agreed
________________________________________ Dated _________ 

			Selim Bassoul 

For the Company
________________________________ Dated __________ 

			David B.
Baker – Chief Financial Officer 

			
	01/16/96	Confidential	3Exhibit 10.D

	

     Exhibit
10.D 

SECURED PROMISSORY NOTE 

			
	$300,000		March 01, 2001

	

     FOR
VALUE RECEIVED, the undersigned, SELIM BASSOUL (“Maker”),
promises to pay to the order of MIDDLEBY MARSHALL, INC., a Delaware corporation
(the “Company”), the principal sum of Three Hundred Thousand
Dollars ($300,000) plus interest thereon at the rate of 6.00% per annum on the
principal balance outstanding from time to time. All principal and interest, if
not sooner paid, shall be and become due and payable on the Maturity Date.
Unpaid interest shall compound annually on the last day of Maker’s fiscal
year. 

     Maturity
Date shall mean the earliest to occur of (i) the date on which Maker
voluntarily leaves the employ of the Company, (ii) the date the Company
terminates Maker’s employment for Cause or (iii) February 28, 2004.
Notwithstanding the foregoing, if prior to December 31, 2003 the Company
terminates Maker’s employment without Cause, then the Maturity Date
shall be the second anniversary of the date of such termination of
employment. Cause shall mean personal dishonesty, gross negligence,
willful misconduct, breach of fiduciary duty involving personal profit,
substance abuse, or commission of a felony. 

     This
Note is issued to implement that certain special executive compensation program
offered by the Company to Maker and described in memorandum dated 03/01/2001
from David B. Baker to Maker. Maker acknowledges and agrees that no special
bonus will be awarded or paid under said program for any given year unless Maker
is in the employ of the Company at all times during such year. 

     1.
Prepayment. This Note may be prepaid in whole or in part at any time or times without
premium or penalty. All prepayments shall apply first to accrued but unpaid interest and
the remainder to principal. 

     2.
Pledge. To secure the obligations of Maker under this Note, Maker hereby
grants to the Company a continuing first security interest in the following
property of Maker: 50,000 shares of common stock of The Middleby Corporation, a
Delaware corporation (the “Pledged Shares”). This Note is a
purchase money note and the security interest created hereof is a purchase money
security interest. Maker represents and warrants that Maker is the sole owner of
the Pledged Shares free and clear of all security interests, claims or
encumbrances other than the security interest granted herein. If Maker fails or
refuses to pay the sums due on this Note when the same becomes due, then the
Company may, at its option, in addition to any and all other remedies available
to the Company, enforce the security interest securing payment thereof. In the
absence of a default by Maker under this Note, Maker retains the right to
receive any and all dividends declared with respect to the Pledged Shares. Maker
agrees to deliver to the Company all certificates evidencing the Pledged Shares
together with an assignment, duly executed in blank by Maker. Maker further
agrees to execute and deliver such documents (including but not limited to a
financing statement), and take such further action, as the Company may request
from time to time to perfect, protect and maintain its rights and interests
hereunder. 

	

     3.
Enforcement. With respect to enforcement of the security interest granted
herein, the Company shall be entitled to all the rights, remedies, powers, and
privileges available to secured parties and creditors under the Illinois
Commercial Code and other applicable law. Maker agrees to pay all expenses
incurred by the Company in any attempt to collect sums due hereunder, including
but not limited to reasonable attorney’s fees and expenses. 

     4.
Partial Release. Upon payment or forgiveness from time to time of any or
all of the principal balance of this Note the Company shall release its security
interest in that number of Pledged Shares which bears the same ratio to the
total number of Pledged Shares immediately before such payment or forgiveness as
the amount of principal so paid or forgiven bears to the total principal balance
of this Note immediately before such payment or satisfaction. 

     5.
Miscellaneous. Maker hereby waives presentment and demand for payment,
notice of intention to accelerate, protest and notice of protest and nonpayment.
Maker’s liability on this Note shall not be affected by any renewal or
extension in the time of payment hereof, by any release or change in any
security for the payment of this Note, and Maker hereby consents to any such
renewal, extension, release or change. 

     6.
Successors. This Note shall inure to the benefit of the Company, its successors and
assigns, and shall be binding on Maker, his heirs, legatees, executors, administrators and personal representatives.  

			
_______________________

               Selim Bassoul

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