THIS AGREEMENT is made and entered by and between LYDALL, INC., a Delaware corporation (the “Company”),
and John F. Tattersall (the “Executive”).
W I T N E S S E T H
WHEREAS, the Company and the Executive (the “Parties”) have agreed to enter into this agreement (the
“Agreement) relating to the employment of the Executive by the Company and/or one of its subsidiaries;
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and
valuable consideration, the Parties, intending to be legally bound, agree as follows:
1. Term of Employment; Termination of Prior Agreement .
1.1 The Company and/or one of its subsidiaries agrees to continue to employ the Executive, and the Executive agrees
to remain in the employment of the Company and/or one of its subsidiaries, in accordance with the terms and provisions of this
1.2 The Employment Period under this Agreement shall be the period commencing as of the date of this Agreement
and, ending on the date of termination of the Executive’s employment pursuant to Section 5, 6 or 7 below, whichever is
1.3 Immediately upon the commencement of the Executive’s employment pursuant to the terms of this Agreement,
that certain Agreement by and between the Executive and the Company dated as of August 1, 2005 shall terminate and shall be
of no further force or effect.
2. Duties . It is the intention of the Parties that during the term of the Executive’s employment under this Agreement,
the Executive will serve as President, Lydall Transport, Ltd. of the Company or in such other senior management position as the
Company shall determine. During the Employment Period, the Executive will devote his full business time and attention and best
efforts to the affairs of the Company and its subsidiaries and his duties. The Executive will have such duties as are appropriate
to his position, and will have such authority as required to enable the Executive to perform