Attached files

file filename
EX-31.2 - EXHIBIT 31.2 - LMI AEROSPACE INCex31_2.htm
EX-23.1 - EXHIBIT 23.1 - LMI AEROSPACE INCex23_1.htm
EX-21.1 - EXHIBIT 21.1 - LMI AEROSPACE INCex21_1.htm
EX-32.1 - EXHIBIT 32.1 - LMI AEROSPACE INCex32_1.htm
EX-31.1 - EXHIBIT 31.1 - LMI AEROSPACE INCex31_1.htm
EX-10.21 - EXHIBIT 10.21 - LMI AEROSPACE INCex10_21.htm
EX-10.56 - EXHIBIT 10.56 - LMI AEROSPACE INCex10_56.htm
EX-10.59 - EXHIBIT 10.59 - LMI AEROSPACE INCex10_59.htm
10-K - LMI AEROSPACE INC 10-K 12-31-2015 - LMI AEROSPACE INCform10k.htm
EX-32.2 - EXHIBIT 32.2 - LMI AEROSPACE INCex32_2.htm
EX-10.57 - EXHIBIT 10.57 - LMI AEROSPACE INCex10_57.htm
EX-10.58 - EXHIBIT 10.58 - LMI AEROSPACE INCex10_58.htm
EX-10.55 - EXHIBIT 10.55 - LMI AEROSPACE INCex10_55.htm


EXHIBIT 10.60

AMENDMENT 3
EMPLOYMENT AGREEMENT
THIS AMENDMENT 3 (“Amendment 3”) TO THE EMPLOYMENT AGREEMENT (“Agreement”) by and between LMI Aerospace, Inc., a Missouri corporation, its successors, and assigns (“Corporation”), and BRIAN P. OLSEN (“Employee”) is entered into as of January 6, 2016.
1.
The purpose of this Amendment is to revise certain terms and conditions of the Agreement as set forth below.
2.
Section 7(B)(ii) of the Agreement is hereby removed and replaced with the following:

For the purposes of this subsection 7(B), “Good Reason” shall mean the occurrence of any of the following after a Change in Control,: (1) an involuntary reduction or diminution of Employee’s title, duties, authority, reporting relationship or responsibilities relative to Employee’s title, duties, authority, reporting relationship or responsibilities in effect immediately prior to such reduction; (2) a material reduction in Employee’s salary, bonus opportunity or benefits; (3) requiring Employee to relocate his primary work location more than fifty (50) miles from Employee’s then-present location; (4) Employee is not the President, Engineering Services or comparable segment of the ultimate parent entity of Corporation; (5) Employee does not report to the Chief Executive Officer of the ultimate parent entity of Corporation.; or (6) Corporation or any successor thereto otherwise materially breaches this Agreement.
.
3.
Section 7(B)(iii) of the Agreement is hereby removed in its entirety.

4.
Section 20 of the Agreement is hereby removed and replaced with the following:

Survival. All of those provisions of this Agreement that require performance by either party following termination of Employee’s employment hereunder as well as all provisions contained within Section 7(B) shall survive any termination of this Agreement.

5.
All other terms of the Agreement remain unchanged.

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first set forth above.

CORPORATION:     LMI AEROSPACE, INC.


By: /s/ Daniel G. Korte
DANIEL G. KORTE, CEO



EMPLOYEE:     /s/ Brian P. Olsen
BRIAN P. OLSEN