1 EXHIBIT 10.24 2 January 24, 1997 Mr. Ronald G. Popolizio Eight Holmes Circle Farmington, CT 06032 Dear Ron: I'am delighted to confirm our offer for you to join us as Corporate V.P. of Finance. Terms of our offer as follows: - - Compensation for Cobra Health costs current employer for approximately 12 months. - - Salary $100,000. - - Guaranteed minimum bonus for 1997 of 15% with an upside to 30% based upon achieving agreed upon goals. - - Three weeks paid vacation. - - Stock option in the amount of 5,000 shares annually. Shares will be vested within 6 months of granted, exerciseable within 5 years. - - All normal health and holiday benefits. Ron, I'am excited about the potential of Gros-Ite and confident that you joining our company will be beneficial to you and Gros-Ite. I look forward to your response. Regards, /s/Edward J. McNerney Edward J. McNerney President & C.E.O. Accepted /s/Ronald G. Popolizio Ronald G. Popolizio