Attached files

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EX-10.3 - KAI FORM 10-Q 3Q 2014 EXHIBIT 10.3 - KADANT INCkaiform10q3q2014exhibit103.htm
10-Q - KAI FORM 10-Q 3Q 2014 - KADANT INCkaiform10q3q2014.htm
10-Q - KAI FORM 10-Q 3Q 2014 - KADANT INCkaiform10q3q2014pdf.pdf
EX-10.1 - KAI FORM 10-Q 3Q 2014 EXHIBIT 10.1 - KADANT INCkaiform10q3q2014exhibit101.htm
EX-10.4 - KAI FORM 10-Q 3Q 2014 EXHIBIT 10.4 - KADANT INCkaiform10q3q2014exhibit104.htm
EX-31.1 - KAI FORM 10-Q 3Q 2014 EXHIBIT 31.1 - KADANT INCkaiform10q3q2014exhibit311.htm
EX-31.2 - KAI FORM 10-Q 3Q 2014 EXHIBIT 31.2 - KADANT INCkaiform10q3q2014exhibit312.htm
EX-32 - KAI FORM 10-Q 3Q 2014 EXHIBIT 32 - KADANT INCkaiform10q3q2014exhibit32.htm
EXCEL - IDEA: XBRL DOCUMENT - KADANT INCFinancial_Report.xls


Exhibit 10.2

[ON KADANT LETTERHEAD]


September 15, 2014


Mr. Thomas M. O’Brien
9A Clover Hill Dr.
Chelmsford, MA 01824


Re:    Notice of Termination of Executive Retention Agreement

Dear Mr. O’Brien:
Reference is hereby made to the Amended and Restated Executive Retention Agreement dated as of December 8, 2008 by and between you, as the Executive, and Kadant Inc., as the Company (the “Executive Retention Agreement”). Capitalized terms used but not defined in this Notice shall have the meanings ascribed thereto in the Executive Retention Agreement.
Pursuant to Section 2 of the Executive Retention Agreement, the Company hereby provides notice that the Term of the Executive Retention Agreement will not be extended and shall expire on December 31, 2014. As a consequence, the Executive Retention Agreement will cease to be applicable to you as of the close of business on December 31, 2014.

Sincerely,
/s/Jonathan W. Painter
Jonathan W. Painter
President and Chief Executive Officer