Abt Building Products Corp – ‘10-K’ for 12/31/97 – EX-10.28

As of:  Friday, 3/20/98   ·   For:  12/31/97   ·   Accession #:  950130-98-1359   ·   File #:  0-21856

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         59    358K 
 2: EX-4.2      Letter From the Company to the S.E.C.                  1      8K 
 3: EX-10.24    3rd Amended & Restated Credit Agree. Dtd. 03/11/97    36     39K 
 4: EX-10.25    1st Amended to 3rd Amended & Restated Cr Agree.      116    401K 
                          2/2/98                                                 
 5: EX-10.26    Consulting Agreement Dated 12/03/97                    3     16K 
 6: EX-10.27    Consulting Agreement Dated 06/30/97                    4     15K 
 7: EX-10.28    Consulting Agreement Dated 10/01/97                    2     12K 
 8: EX-10.29    Labor Agree Between Abt's Canexel Hardboard           76    190K 
 9: EX-10.30    Labor Agree. Between Abt's Acton Plant                39    105K 
10: EX-10.31    Labor Agreement Between Abt's Alpina Plant            31    116K 
11: EX-11.1     Statement Re Computation of Per Share Earnings         1      7K 
12: EX-21.1     List of Subsidiaries of the Company                    1      6K 
13: EX-27.1     Financial Data Schedule                                2      9K 

EX-10.28   —   Consulting Agreement Dated 10/01/97

EX-10.28
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                                                                   EXHIBIT 10.28

GEORGE T. BROPHY                                                                
CHAIRMAN, PRESIDENT & CEO                                                       

October 1, 1997     

Mr. J. Phillipe Latreille                                                       
360 Park                                                                        
Menasha, WI  54952                                                              

Dear Phil:                                                                      

The following summarizes our discussions at our recent meeting:       

        .    Effective January 1, 1998, to January 1, 2000, your status will
           change from that of an active officer to a Consultant for the
      Company. We envision using you when needed on a mutually
agreeable basis.                                  

          .    Annual compensation for your Consultant services will be $100,000
per year payable monthly.                         

       .    You will be elected "President Emeritus," an honorary title of
               ABT Canada Limited. This title can be displayed on business cards
or correspondence pertaining to work for ABT.     

      .    You will be responsible to the Chairman, President & CEO, and
              required to coordinate your activities with other executives and
officers of the Company.                          

   .    Your consulting expertise will be used in all areas of the
Company, not just Canada and internationally.     

        .    The Company will provide you an office, secretarial assistance,
               and reimburse you for appropriate company-related expenses for as
long as an ABT offices exists in Neenah, WI.      

EX-10.28
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Mr. J. Phillipe Latreille                                                       
October 1, 1997                                                                 
Page 2                                                                          

      .    LIFE INSURANCE - The amount of your base group life insurance
           coverage ($495,000) in effect at the time of change in status
will be continued through December 31, 1999.      

      .    MEDICAL/DENTAL INSURANCE - Full medical insurance for you and
          your eligible dependents will be available (salaried plan in
               effect at Neenah on the date of this qualifying event, subject to
             annual revisions by the Company, and our receipt of participant
            contributions). The Company will pay its share of the coverage
               costs through December 31, 1999. Thereafter, you will be eligible
               for continued coverage through COBRA to your age 65, provided you
           continue to make the required monthly premium payments to the
             designated Human Resources Office. Prior to reaching age 65 you
          should apply for Medicare benefits. No medical supplement is
           provided beyond age 65 by the Company. Your spouse's coverage
            will be eligible for continuation through COBRA to her age 65,
               provided the required premium payments are made to the designated
Human Resources Office of the Company.            

  .    FINANCIAL - As a participant in the Executive Bonus Plan,
      "Executive A", you will receive any eligible payment for
    participation in 1997, to be paid by January 31, 1998.

          .    QUALIFIED RETIREMENT PLAN - As a vested participant in the ABTco,
               Inc. Employees Retirement Plan, your deferred vested benefit will
            be calculated utilizing a December 31, 1997, resignation date.
            Notification of plan status will be provided in writing to you
within 30 days of this event.                     

         .    NON-QUALIFIED SERP #2 RETIREMENT PLAN - As a participant in this
               Plan, your deferred vested benefit will be calculated utilizing a
               December 31, 1997, resignation date, and by providing you a total
              of 8.3 years of credited service. Details of future benefits and
               options will be provided in writing within 30 days of this event.
             No further service will accrue subsequent to the date stated in
this section.                                     

          .    STOCK OPTIONS - The following Stock Options to purchase shares of
          common stock of ABT (the "Options") have been issued to you:

Dates Referenced Herein

				Referenced-On Page
This ‘10-K’ Filing		Date		First		Last			Other Filings
		1/1/00		1					None on these Dates
		12/31/99		2
		3/23/98
Filed on:		3/20/98
		1/31/98		2
		1/1/98		1
For Period End:		12/31/97		2
		10/1/97		1		2
									List all Filings