LMI AEROSPACE, INC., a Missouri corporation (the "Corporation"),  and DUANE

E. HAHN ("Employee") hereby agree as follows:



     1.  Employment.  The  Corporation  hereby  employs  Employee,  and Employee

accepts  employment  from  the  Corporation,   upon  the  terms  and  conditions

hereinafter set forth. Any and all employment agreements heretofore entered into

between the  Corporation and Employee are hereby  terminated and cancelled,  and

each of the parties hereto  mutually  releases and discharges the other from any

and all  obligations  and  liabilities  heretofore  or now existing  under or by

virtue of any such employment agreements,  it being the intention of the parties

hereto that this  Agreement,  effective  immediately,  shall supersede and be in

lieu of any and all prior employment agreements between them.



     2. Term of Employment. The initial term of Employee's employment under this

Agreement  shall commence on January 1, 2004 and shall terminate on December 31,

2005; provided, however, that this Agreement shall be automatically extended for

additional  terms of one year each unless not later than  October 31 of any year

beginning in 2005,  either party has given written  notice to the other party of

its or his  intention  not to extend the term of this  Agreement;  and provided,

further,  that  the  term of  employment  may be  terminated  upon  the  earlier

occurrence of any of the following events:



          (a) Upon the termination of the business or corporate existence of the

     Corporation;



          (b)  At  the  Corporation's  option,  in  the  event  the  Corporation

     determines  that  Employee  is not  performing  the duties  required of him

     hereunder to the satisfaction of the Corporation;



          (c) Upon the death of the Employee;



          (d) At the Corporation's  option, if Employee shall suffer a permanent

     disability;  (For the purposes of this  Agreement,  "permanent  disability"

     means any physical or mental  impairment  that renders the Employee  unable

     for a  period  of six (6)  months  or more to  perform  the  essential  job

     functions  of  his  position,  even  with  reasonable   accommodation,   as

     determined  by a  physician  selected  by  the  Corporation.  The  Employee

     acknowledges  and agrees that he shall  voluntarily  submit to a medical or

     psychological  examination  for the purpose of  determining  his  continued

     fitness  to  perform  the  essential  functions  of his  position  whenever

     requested  to do so by  the  Corporation.  If  the  Corporation  elects  to

     terminate the employment  relationship on this basis, the Corporation shall

     notify the Employee or his  representative  in writing and the  termination

     shall become effective on the date that such notification is given;



          (e) At the Corporation's  option, upon ten (10) calendar days' written

     notice to  Employee,  in the event of any breach or default by  Employee of

     any of the  terms  of this  Agreement  or of any of  Employee's  duties  or

     obligations hereunder. In lieu of providing ten (10) calendar days' advance

     written  notice,  the  Corporation,  at its sole option,  may terminate the

     Employee's services immediately and pay him an amount that is equivalent to

     ten (10) calendar days of his salary, less any deductions required by law;



          (f) At the  Corporation's  option,  without any advance notice, in the

     event that the  Employee  engages in conduct  which,  in the opinion of the

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC