Exhibit 10.6
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this “Agreement”), is made and entered into as of June 1, 2021 by and between Graham Corporation, a Delaware corporation with its principal place of business at 20 Florence Avenue, Batavia, New York 14020 (the “Company”), and Matthew Malone, with a business address at 6325 West 55th Ave, Arvada, CO 80002 (the “Executive”).
WHEREAS, the Company and the Executive desire to enter into this Agreement to describe the employment relationship and obligations of the parties.
NOW, THEREFORE, the parties hereto, intending to be legally bound and in consideration of the mutual covenants herein contained, agree as follows:
2
3
4
Notwithstanding anything to the contrary, to the extent that any payments under Section 8(c) are subject to a six-month waiting period under Section 409A, any such payments that would be payable before the expiration of six months following the Executive’s separation from service but for the operation of this sentence shall be made during the seventh month following the Executive’s separation from service.
5
6
7
8
[Remainder of page intentionally left blank.]
9
IN WITNESS WHEREOF, the parties hereto have duly executed this agreement as of the day and year first above written.
GRAHAM CORPORATION | ||
| ||
| ||
By: | /s/ Jeffrey F. Glajch | |
| Name: | Jeffrey F. Glajch |
| Title: | Vice President - Finance & Administration, Chief Financial Officer and Corporate Secretary |
|
|
|
|
|
|
By: | /s/ Matthew Malone | |
| Name: | Matthew Malone |
|
|
|
|
|
|
[Signature Page to the Employment Agreement of Matthew Malone]