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EXHIBIT 10.10
[GE LOGO]
GE POLYMERLAND
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SALES AGREEMENT
PREFORMED LINE PRODUCTS GE POLYMERLAND
660 BETA DRIVE 12200 HERBERT WAYNE CT
MAYFIELD VILLAGE OH 44143 HUNTERSVILLE, NC 28078
GENERAL ELECTRIC COMPANY (GE POLYMERLAND) AGREES TO SELL TO PREFORMED LINE
PRODUCTS (CUSTOMER) AND CUSTOMER AGREES TO PURCHASE THE PRODUCTS SPECIFIED
ACCORDING TO THE TERMS AND CONDITIONS OF THIS AGREEMENT.
DURATION OF AGREEMENT:
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EFFECTIVE DATE: 02/01/01 EXPIRATION DATE: 01/31/02
PRODUCT LINES COVERED:
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ATTACHMENT "A"
NORYL(R)RESIN ANNUAL MINIMUM: 350,000 ANNUAL MAXIMUM: 600,000
CUSTOMER TERMS:
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PAYMENT: NET 30 DAYS FROM DATE OF INVOICE.
SHIPPING: CPT (INCO TERMS 2000) A FACILITY SPECIFIED BY BUYER IN THE
CONTINENTAL UNITED STATES (FREIGHT AND INSURANCE PREPAID AND ALLOWED).
CONDITIONS OF SALE: PLEASE SEE MASTER CONDITIONS OF SALE.
PERFORMANCE CLAUSE:
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ADDITIONAL PRODUCTS MAY BE PURCHASED BY CUSTOMER FROM TIME TO TIME AND THE SALE
OF SUCH PRODUCTS SHALL BE GOVERNED BY THE TERMS OF THIS AGREEMENT, EXCEPT AS
SPECIFICALLY AGREED TO BY THE PARTIES IN WRITING. PERFORMANCE OF THIS AGREEMENT
IS CONTINGENT UPON MEETING THE REQUIREMENTS OF THE PARTIES IN AN ECONOMICAL AND
REASONABLE MANNER. EITHER PARTY MAY REQUEST ADJUSTMENTS TO THIS AGREEMENT IF, IN
ITS SOLE JUDGEMENT, CONDITIONS HAVE CHANGED SIGNIFICANTLY SINCE THE SIGNING OF
THIS AGREEMENT. IF AFTER THIRTY (30) DAYS THE PARTIES DO NOT AGREE TO THE
ADJUSTMENTS, OR WHEN THE REQUESTED ADJUSTMENT HAS BEEN REJECTED, WHICHEVER COMES
EARLIER, THE REQUESTING PARTY MAY TERMINATE THIS AGREEMENT BY GIVING THIRTY (30)
DAYS WRITTEN NOTICE.
APPROVED: /s/ KIM BELLIAN APPROVED: /s/ CRAIG M. NIKRANT
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PREFORMED LINE PRODUCTS GENERAL ELECTRIC COMPANY
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DATE: 2-22-01 DATE: 2-26-01
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(R)REGISTERED TRADEMARK OF GENERAL ELECTRIC COMPANY
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ATTACHMENT "A"
AGREEMENT #: 42622
CUSTOMER #: 152526
SUPERSEDES #: 39289
PRODUCT LINE: NORYL(R) RESIN
MINIMUM ORDER/SHIPMENT QUANTITY
BRACKET INVOICE PRICE PER LB
19800 39600
GRADE COLOR EFF EXP 39599 &ABOVE
GFN2 701 02/01/01 01/31/02 2.4000 2.3700
39600
GRADE COLOR EFF EXP &ABOVE
GFN2 701S 02/01/01 01/31/02 2.3700
PRICING NOTE:
IN THE EVENT OF A LIST PRICE INCREASE OR DECREASE, THESE PRICES WILL BE ADJUSTED
BY THE SAME AMOUNT AS THE LIST PRICE INCREASE OR DECREASE, ON THE EFFECTIVE DATE
OF THE NEW LIST PRICE SCHEDULE.
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REBATE SCHEDULE FOR NORYL(R) RESIN
GE POLYMERLAND RESERVES THE RIGHT TO DEFER PAYMENTS OF REBATES (INCLUDING
MATERIAL REBATES ISSUED IN "NO-CHARGE" POUNDS) AND/OR OFFSET SUCH PAYMENTS
AGAINST CUSTOMER'S ACCOUNT IF CUSTOMER HAS INVOICES WHICH ARE PAST DUE.
GE POLYMERLAND RESERVES THE RIGHT TO LIMIT VOLUME TO THOSE SHIPMENTS THAT ARE
MADE UNDER THE TERMS OF THIS AGREEMENT AND WHICH WERE PAID FOR IN ACCORDANCE TO
THE TERMS OF SALE AT THE TIME OF REBATE CALCULATION. VOLUME ASSOCIATED WITH PAST
DUE INVOICES WILL NOT QUALIFY FOR REBATE.
ALL PURCHASES MADE UNDER THIS AGREEMENT MUST REFERENCE THE AGREEMENT NUMBER AT
TIME OF ORDER ENTRY IN ORDER FOR THAT VOLUME TO COUNT TOWARDS THE REBATE VOLUME.
PREFORMED LINE PRODUCTS WILL RECEIVE A REBATE BASED ON THE FOLLOWING:
VOLUME REBATE AMOUNT
500,000 LBS AND ABOVE $.07/LB
THE REBATE WILL BE ISSUED IN THE FORM OF A CREDIT MEMO AT THE END OF THIS
AGREEMENT PERIOD.
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FINAL PAGE
PREFORMED LINE PRODUCTS GE POLYMERLAND
042622 NORYL(R)RESIN
January 29, 2001