EXHIBIT 10.46A
AMENDMENT TO MANAGEMENT INCENTIVE PROGRAM AGREEMENT
This Amendment to the Management Incentive Program Agreement (the
"Amendment") is entered into this 15th day of August, 2000, by and between
Hawker Pacific Aerospace (the "Company") and David Clark (the "Employee") for
the purpose of amending Section 5 of the Management Incentive Program Agreement
entered into February 4, 2000, by and between the Employee and the Company (the
"MIP"). Unless expressly defined in this Amendment, all capitalized terms have
the meanings given to them in the MIP.
Section 4 of the MIP is hereby amended by adding the following sentence to
the end of the section:
"Notwithstanding the preceding sentence, Employee expressly waives his right to
receive any payment under this Section 4 that would otherwise become due upon
the Closing Date of the transaction contemplated by the Stock Purchase Agreement
by and between Lufthansa Technik AG and the shareholders of Unique Investment
Corporation.
This Amendment is being executed by the parties effective as of the date
and year first set forth above.
HAWKER PACIFIC AEROSPACE /s/ David Clark
------------------------------
David Clark
By: /s/ David L. Lokken
------------------------------
Name: David L. Lokken
Title: President & CEO
1
AMENDMENT TO MANAGEMENT INCENTIVE PROGRAM AGREEMENT
This Amendment to the Management Incentive Program Agreement (the
"Amendment") is entered into this 15th day of August, 2000, by and between
Hawker Pacific Aerospace (the "Company") and Peter Fuller (the "Employee") for
the purpose of amending Section 5 of the Management Incentive Program Agreement
entered into February 4, 2000, by and between the Employee and the Company (the
"MIP"). Unless expressly defined in this Amendment, all capitalized terms have
the meanings given to them in the MIP.
Section 4 of the MIP is hereby amended by adding the following sentence to
the end of the section:
"Notwithstanding the preceding sentence, Employee expressly waives his right to
receive any payment under this Section 4 that would otherwise become due upon
the Closing Date of the transaction contemplated by the Stock Purchase Agreement
by and between Lufthansa Technik AG and the shareholders of Unique Investment
Corporation.
This Amendment is being executed by the parties effective as of the date
and year first set forth above.
HAWKER PACIFIC AEROSPACE /s/ Peter Fuller
-------------------------------
Peter Fuller
By: /s/ David L. Lokken
------------------------------
Name: David L. Lokken
Title: President & CEO
2
AMENDMENT TO MANAGEMENT INCENTIVE PROGRAM AGREEMENT
This Amendment to the Management Incentive Program Agreement (the
"Amendment") is entered into this 15th day of August, 2000, by and between
Hawker Pacific Aerospace (the "Company") and Mary Hanley (the "Employee") for
the purpose of amending Section 5 of the Management Incentive Program Agreement
entered into February 4, 2000, by and between the Employee and the Company (the
"MIP"). Unless expressly defined in this Amendment, all capitalized terms have
the meanings given to them in the MIP.
Section 3.2 of the MIP is hereby amended by adding the following sentence
to the end of the section:
"Notwithstanding the preceding sentence, Employee expressly waives her right to
receive any payment under this Section 3.2 that would otherwise become due upon
the Closing Date of the transaction contemplated by the Stock Purchase Agreement
by and between Lufthansa Technik AG and the shareholders of Unique Investment
Corporation.
This Amendment is being executed by the parties effective as of the date
and year first set forth above.
HAWKER PACIFIC AEROSPACE /s/ Mary Hanley
------------------------------
Mary Hanley
By: /s/ David L. Lokken
------------------------------
Name: David L. Lokken
Title: President & CEO
3
AMENDMENT TO MANAGEMENT INCENTIVE PROGRAM AGREEMENT
This Amendment to the Management Incentive Program Agreement (the
"Amendment") is entered into this 15th day of August, 2000, by and between
Hawker Pacific Aerospace (the "Company") and Lawrence Kameen (the "Employee")
for the purpose of amending Section 5 of the Management Incentive Program
Agreement entered into February 4, 2000, by and between the Employee and the
Company (the "MIP"). Unless expressly defined in this Amendment, all capitalized
terms have the meanings given to them in the MIP.
Section 3.2 of the MIP is hereby amended by adding the following sentence
to the end of the section:
"Notwithstanding the preceding sentence, Employee expressly waives his right to
receive any payment under this Section 3.2 that would otherwise become due upon
the Closing Date of the transaction contemplated by the Stock Purchase Agreement
by and between Lufthansa Technik AG and the shareholders of Unique Investment
Corporation.
This Amendment is being executed by the parties effective as of the date
and year first set forth above.
HAWKER PACIFIC AEROSPACE /s/ Lawrence Kameen
------------------------------
Lawrence Kameen
By: /s/ David L. Lokken
------------------------------
Name: David L. Lokken
Title: President & CEO
4
AMENDMENT TO MANAGEMENT INCENTIVE PROGRAM AGREEMENT
This Amendment to the Management Incentive Program Agreement (the
"Amendment") is entered into this 15th day of August, 2000, by and between
Hawker Pacific Aerospace (the "Company") and Brad Mulvihill (the "Employee") for
the purpose of amending Section 5 of the Management Incentive Program Agreement
entered into February 4, 2000, by and between the Employee and the Company (the
"MIP"). Unless expressly defined in this Amendment, all capitalized terms have
the meanings given to them in the MIP.
Section 4 of the MIP is hereby amended by adding the following sentence to
the end of the section:
"Notwithstanding the preceding sentence, Employee expressly waives his right to
receive any payment under this Section 4 that would otherwise become due upon
the Closing Date of the transaction contemplated by the Stock Purchase Agreement
by and between Lufthansa Technik AG and the shareholders of Unique Investment
Corporation.
This Amendment is being executed by the parties effective as of the date
and year first set forth above.
HAWKER PACIFIC AEROSPACE /s/ Brad Mulvihill
------------------------------
Brad Mulvihill
By: /s/ David L. Lokken
------------------------------
Name: David L. Lokken
Title: President & CEO
5
AMENDMENT TO MANAGEMENT INCENTIVE PROGRAM AGREEMENT
This Amendment to the Management Incentive Program Agreement (the
"Amendment") is entered into this 15th day of August, 2000, by and between
Hawker Pacific Aerospace (the "Company") and Brian Carr (the "Employee") for the
purpose of amending Section 5 of the Management Incentive Program Agreement
entered into February 4, 2000, by and between the Employee and the Company (the
"MIP"). Unless expressly defined in this Amendment, all capitalized terms have
the meanings given to them in the MIP.
Section 5 of the MIP is hereby amended by adding the following sentence to
the end of the section:
"Notwithstanding the preceding sentence, Employee expressly waives his right to
receive any payment under this Section 5 that would otherwise become due upon
the Closing Date of the transaction contemplated by the Stock Purchase Agreement
by and between Lufthansa Technik AG and the shareholders of Unique Investment
Corporation.
This Amendment is being executed by the parties effective as of the date
and year first set forth above.
HAWKER PACIFIC AEROSPACE /s/ Brian Carr
------------------------------
Brian Carr
By: /s/ David L. Lokken
------------------------------
Name: David L. Lokken
Title: President & CEO
6