EXHIBIT 10 (b)
AMENDED AND RESTATED
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT is made and entered
into as of the 25 th day of August, 2010 by and between Standex International Corporation, a
Delaware corporation with executive offices located at 11 Keewaydin Drive, Salem, New Hampshire
03079 (the “Employer”) and, John Abbott, an individual residing at 3655 Weston Lane, Plymouth,
Minnesota 55446, (the “Employee”).
1. Employment; Term. Employer and Employee agree that this Amended and Restated
Employment Agreement (the “Agreement”) shall replace and supersede the Employment
Agreement made and entered into as of the 11 th day of December, 2006, and shall be
controlling with respect to all terms and conditions of the employment relationship between
the Employer and the Employee.
(a) Employer hereby agrees to continue to employ Employee, and Employee hereby agrees
to serve Employer on a full-time basis as Group Vice President (or such other designated
title as may be assigned from time to time by the Employer) of the Standex Food Service
Group, a group of subsidiaries and unincorporated divisions of Employer, subject to the
direction and control of the President/Chief Executive Officer of the Employer, through
June 30, 2011 (the “Term”). Thereafter the Agreement shall automatically renew for
successive one (1) year terms commencing on July 1 st of each year and ending on June
30 th of the next succeeding year (the “Renewal Term”) unless otherwise terminated
pursuant to Section 1(b) of this Agreement.
(b) Subject to the provisions for termination otherwise included in Section 5 herein, either the
Employer or the Employee shall have the right to terminate this Agreement by giving the
other party thirty (30) days advance written notice (the “Notice Period”), at any time
during the Term or any Renewal Term, stating his/its intention to terminate the Agreement.
Such termination will be effective at the end of the Notice Period. In the event of notice