SEVERANCE AND CHANGE IN CONTROL AGREEMENT

 

                                                                   EXHIBIT 10.10

                   SEVERANCE AND CHANGE IN CONTROL AGREEMENT

    This  Severance  and  Change  in Control  Agreement  ("Agreement")  made and
entered into as of the 24th day of  February, 1995, by and between AAR CORP.,  a
Delaware corporation ("Company"), and Timothy J. Romenesko ("Employee").

    WHEREAS,  the Company currently  employs Employee as an  employee at will in
the  capacity  of  Vice   President-Controller,  Chief  Financial  Officer   and
Treasurer; and

    WHEREAS,  Employee  desires the  Company to  pay Employee  certain severance
payments upon  a  Change  in  Control  of AAR  CORP.  and  upon  termination  of
employment prior to a Change in Control; and

    WHEREAS,  the Company  is willing to  pay Employee  severance payments under
certain circumstances  if Employee  agrees to  confidentiality, non-compete  and
certain other covenants.

    NOW,  THEREFORE, in consideration of the  mutual agreements herein set forth
and other good and valuable consideration, the parties hereto agree as follows:

    1.  EMPLOYMENT.  Employee will continue employment with the Company as an at
will employee subject to the terms and conditions hereinafter set forth.

    2.  DUTIES.  During the continuation of his employment, Employee shall:

        (a) well and faithfully  serve the Company and  do and perform  assigned
    duties and responsibilities in the ordinary course of his employment and the
    business  of the Company (within such limits as the Company may from time to
    time prescribe), professionally, faithfully and diligently.

        (b) devote  his full  time, energy  and  skill to  the business  of  the
    Company  and his assigned duties and  responsibilities, and to the promotion
    of the best interests of the  Company; provided that Employee shall not  (to
    the  extent not  inconsistent with  Section 4  below) be  prevented from (a)
    serving as a director of any corporation consented to in advance in  writing
    by  the  Company,  (b) engaging  in  charitable, religious,  civic  or other
    non-profit community activities,  or (c)  investing his  personal assets  in
    such form or manner as will not require any substantial services on his part
    in  the operation or affairs  of the business in  which such investments are
    made or  which  would detract  from  or interfere  or  cause a  conflict  of
    interest with performance of his duties hereunder.

        (c)  observe all policies  and procedures of the  Company in effect from
    time to  time applicable  to  employees of  the Company  including,  without
    limitation,  policies  with  respect  to  employee  loyalty  and  prohibited
    conflicts of interest.

    3.  CONFIDENTIAL INFORMATION, ASSIGNMENT OF INVENTIONS.

    (a) Employee acknowledges that the trade secrets, confidential  information,
secret  processes  and know-how  developed  and acquired  by  AAR CORP.  and its
affiliates or subsidiaries (together the "Affiliated Companies") are among their
most valuable assets and that the value of such information may be destroyed  by
unauthorized  disclosure.  All  such  trade  secrets,  confidential information,
secret processes and know-how imparted to  or learned by Employee in the  course
of  his  employment with  respect to  the business  of the  Affiliated Companies
(whether acquired  before  or  after the  date  hereof)  will be  deemed  to  be
confidential and will not be used or disclosed by Employee, except to the extent
necessary  to perform his duties  and, in no event,  disclosed to anyone outside
the employ  of the  Affiliated Companies  and their  authorized consultants  and
advisors, unless (i) such information is or has been made generally available to
the  public,  (ii) disclosure  of such  information  is required  by law  in the
opinion of Employee's counsel (provided that written notice thereof is given  to
Company  as  soon  as  possible  but  not  less  than  24  hours  prior  to such
disclosure), or  (iii) express  written authorization  to use  or disclose  such

information  has been given by the Company. If Employee ceases to be employed by
the Company for any reason, he shall not take with him any electronically stored
data,  documents  or  other  papers  containing  or  reflecting  trade  secrets,
confidential  information,  secret  processes,  know-how,  or  computer software
programs. Employee acknowledges that his employment hereunder will place him  in
a  position of utmost  confidence and that  he will have  access to confidential
information  concerning  the  operation  of  the  business  of  the   Affiliated
Companies,  including, but not limited  to, manufacturing methods, developments,
secret processes,  know-how,  computer  software  programs,  costs,  prices  and
pricing  methods, sources of  supply and customer names  and relations. All such
information is in the  nature of a  trade secret and is  the sole and  exclusive
property   of  the  Affiliated  Companies   and  shall  be  deemed  confidential
information for the purposes of this paragraph.

    (b) Employee hereby assigns to the Company all rights that Employee may have
as author, designer, inventor or otherwise as creator of any written or  graphic
material,  design, invention, improvement,  or any other  idea or thing whatever
that Employee may write, draw, design, conceive, perfect, or reduce to  practice
during  employment with the Company or within 120 days after termination of such
employment, whether done  during or outside  of normal work  hours, and  whether
done  alone or in  conjunction with others  ("Intellectual Property"), provided,
however, that  Employee  reserves  all  rights in  anything  done  or  developed
entirely  by Employee on Employee's own personal time and without the use of any
Company equipment, supplies, facilities or information, or the participation  of
any  other  Company employee,  unless it  relates to  the Company's  business or
reasonably anticipated business, or grows out of any work performed by  Employee
for  the Company. Employee will promptly disclose all such Intellectual Property
developed by  Employee to  the Company,  and fully  cooperate at  the  Company's
request  and expense in  any efforts by  the Company or  its assignees to secure
protection for such Intellectual Property by way of domestic or foreign  patent,
copyright,  trademark  or  service  mark  registration  or  otherwise, including
executing specific assignments or  such other documents  or taking such  further
action  as may be considered necessary to vest title in Company or its assignees
and obtain patents or copyrights in any and all countries.

    4.  NON-COMPETE; SEVERANCE.

    (a) Employee  agrees that  during his  continuation of  employment with  the
Company  and for one (1) year thereafter  so long as the Company makes severance
payments to Employee pursuant to subsections  4(b) or 4(c) below, he shall  not,
without  the  express written  consent  of the  Company,  either alone  or  as a
consultant to, or partner,  employee, officer, director,  or stockholder of  any
organization,  entity or business,  (i) take or  convert for Employee's personal
gain  or  benefit  or  for  the  benefit  of  any  third  party,  any   business
opportunities  which may be of interest to the Company or any Affiliated Company
which Employee becomes aware of during  the term of his employment; (ii)  engage
in  direct or  indirect competition with  the Company or  any Affiliated Company
within 100 miles  of any location  within the  United States of  America or  any
other  country where  the Company or  any Affiliated Company  does business from
time to  time during  the term  hereof;  (iii) solicit  in connection  with  any
activity  which is competitive with any of  the businesses of the Company or any
Affiliated Company, any customers of the Company or any Affiliated Company; (iv)
solicit for employment any sales, marketing or management employee of Company or
any Affiliated Company or induce or  attempt to induce any customer or  supplier
of  the Company or any Affiliated Company to terminate or materially change such
relationship.  Company  and  Employee  acknowledge  the  reasonableness  of  the
foregoing  covenants  not to  compete  and non-solicitation,  including  but not
limited to the geographic area and duration of time which are a part hereof, and
further, that the restrictions stated in this Section 4 are reasonably necessary
for the protection of Employer's legitimate proprietary interests. This covenant
not to compete may be enforced with respect to any geographic area in which  the

Company  or any Affiliated Company does business during the term hereof. Nothing
herein shall prohibit Employee from being the legal or equitable holder,  solely
for  investment purposes, of less  than 5% of the  capital stock of any publicly
held corporation which may be in direct or indirect competition with the Company
or any Affiliated Company.

    (b) The Company will pay Employee, upon termination of Employee's employment
by the Company prior to  a Change in Control (as  defined in 6(b)(i) below)  for
any reason other than Cause (as defined in 6(b)(iv) below), severance each month
for 12 months, in an amount (subject to applicable withholding) equal to 1/12 of
Employee's  base salary; and, further, if the Company pays discretionary bonuses
to  its  officers  for  the  fiscal  year  in  which  Employee's  employment  is
terminated,  Employee will be  paid a bonus in  a lump sum at  the time any such
bonuses are paid to other  officers or at such time  as the Severance Period  is
complete,  whichever is later  (with interest at prime  rate plus one percentage
point from  the  earlier of  such  dates), (1)  for  the completed  fiscal  year
preceding  termination if such bonus has not been paid prior to termination, and
(2) for  the fiscal  year in  which employment  is terminated,  prorata for  the
period prior to termination of employment based on Employee's performance during
such  period; provided, however,  that (i) all  such monthly payment obligations
shall terminate immediately upon  Employee obtaining full  time employment in  a
comparable  position  in  terms  of  salary level,  and  (ii)  all  such payment
obligations shall terminate or lapse immediately upon any breach by Employee  of
Section  3 or 4(a) of this Agreement or if Employee shall commence any action or
proceeding in any court  or before any  regulatory agency arising  out of or  in
connection with termination of his employment.

    (c)  If  Employee  terminates  his employment  or  Employee's  employment is
terminated by the Company  for Cause (as defined  below), the Company may  elect
(but is not required to), by written notice thereof to Employee, within five (5)
days  of any such termination of Employee's employment with the Company prior to
a Change in Control (as defined below), to pay Employee severance as provided in
and subject to the provisions of subsection 4(b) above.

    (d) Employee may terminate  this Severance and  Change in Control  Agreement
effective  immediately upon  notice thereof  in writing  to Company  at any time
while still  employed  within  a  sixty (60)  calendar  day  period  immediately
following the effective date of any reduction by Company in (i) Employee's level
of   responsibility   or  position   from  that   held   by  Employee   as  Vice
President-Controller, Chief  Financial Officer  and Treasurer  on the  effective
date  of this  Agreement, or  (ii) Employee's  level of  compensation, including
retirement benefits in effect immediately prior to any such change.

    (e) If at any time, any clause or portion of this Section 4 shall be  deemed
invalid  or unenforceable by the  laws of the jurisdiction in  which it is to be
enforced by reason  of being vague  or unreasonable as  to duration,  geographic
scope,  nature of activities restricted, or for any other reason, this provision
shall be considered divisible as to such portions and the foregoing restrictions
set forth in 4(a) shall become and  be immediately amended to include only  such
duration,  scope or restriction and such event as shall be deemed reasonable and
enforceable by  the court  or other  body having  jurisdiction to  enforce  this
Agreement;  and the parties  hereto agree that the  restrictions, as so amended,
shall be valid and  binding as though the  invalid or unenforceable portion  had
not been involved herein.

    (f)  The  Employee  acknowledges  and  agrees  that  the  Company  would  be
irreparably harmed by  violations of  Section 3 or  Section 4(a)  above, and  in
recognition  thereof, the  Company shall be  entitled to an  injunction or other
decree of specific performance  with respect to  any violation thereof  (without
any  bond or other security being required) in addition to other available legal
and equitable remedies.

    5.  TERMINATION OF EMPLOYMENT.

    (a) Upon and  after termination  of employment  howsoever arising,  Employee
shall, upon request by Company:

        (1)  immediately return  to the  Company all  correspondence, documents,
    business calendars/diaries, or other property belonging to the Company which
    is in his possession,

        (2) immediately resign from any  office Employee holds with the  Company
    or any Affiliated Company; and

        (3) cooperate fully and in good faith with the Company in the resolution
    of  all  matters Employee  worked on  or was  involved in  during Employee's
    employment with the Company. Employee's cooperation will include  reasonable
    consultation  by telephone. Further, in connection therewith, Employee will,
    at  Company's  request  upon  reasonable  advance  notice  and  subject   to
    Employee's  availability,  make himself  available to  Company in  person at
    Company's premises, for testimony in court, or elsewhere; provided, however,
    that in  such  event,  Company shall  reimburse  all  Employee's  reasonable
    expenses and pay Employee a reasonable per diem or hourly stipend.

    6.  CHANGE IN CONTROL.

    (a)  In the event (i) a  Change in Control of AAR  CORP. occurs and (ii) the
Company terminates Employee's employment for other than Cause or Disability,  or
Employee  terminates Employee's employment for Good  Reason by written notice to
the Company setting forth the particulars thereof after having given the Company
notice and  opportunity to  be heard  with respect  thereto, and  (iii)  neither
incumbent in the positions of Chief Executive Officer or Chief Operating Officer
of  the Company on the effective date  hereof are Chief Executive Officer of the
Company at the time of such termination of employment,

        (1) the Company shall promptly  pay to Employee, in  a lump sum, a  cash
    payment  in  an  amount  equal  to  three  times  Employee's  average  total
    compensation (base salary plus cash bonus) for the last two fiscal years  or
    such  lesser amount  as Employee  may elect  to take,  subject to applicable
    withholding. Employee  may  agree to  take  payments  of any  amounts  on  a
    schedule  of his own choosing provided that such schedule shall be completed
    no later than three years from the occurrence of the last triggering event.

        (2) Employee shall continue to be  covered by and receive the  benefits,
    in  accordance with their terms, of all of the Company's medical, dental and
    life insurance plans,  for three years  thereafter but at  no less than  the
    levels he was receiving immediately prior to the Change in Control.

        (3)  Employee shall receive  an additional retirement  benefit, over and
    above that which Employee would normally be entitled to under the  Company's
    retirement  plans applicable to Employee,  equal to the actuarial equivalent
    of the  additional  amount  that  Employee  would  have  earned  under  such
    retirement  plans or programs had he accumulated three additional continuous
    years of service. Such amount shall be paid to the executive in a cash  lump
    sum payment at his normal retirement age. Employee may also elect to receive
    such  payment at his early retirement age, as provided for in the retirement
    plans, with  a  corresponding actuarial  reduction  in the  amount  of  such
    payment based upon the earlier date of such payment.

    (b) For purposes of this Agreement

         (i) "Change in Control" means the earliest of:

           (1)  the  occurrence  of any  "Distribution  Date", as  such  term is
       defined in Section 3 of the Rights Agreement between the Company and  The
       First National Bank of Chicago, dated July 21, 1987, as amended;

           (2)  the effective time  of a merger or  consolidation of the Company
       with one or more other corporations as  a result of which the holders  of
       the outstanding common stock, $1.00 par value, of the Company immediately
       prior  to  such  merger  or  consolidation  (other  than  those  who  are
       affiliates of any such other corporation, as defined in Rule 12b-2 of the
       General Rules and Regulations under the Securities Exchange Act of  1934)
       hold  less than  70% of  the voting stock  of the  surviving or resulting
       corporation or its parent;

           (3) the effective  time of  a transfer  of substantially  all of  the
       assets  of the Company other than to  an entity of which the Company owns
       at least 70% of the voting stock; or

           (4) the election to the Board  during any 3 year period, without  the
       recommendation  or approval of the incumbent  Board, of the lesser of (A)
       three directors or (B) directors constituting a majority of the number of
       directors of the Company then in office; or

           (5) the occurrence  of any arrangement  or understanding relating  to
       the  Company  which would  give  rise to  a  filing requirement  with the
       Securities and Exchange Commission pursuant to Rule 14f-1 of the Exchange
       Act Rules under the Securities Exchange Act of 1934.

        (ii) "Good Reason" means:

           (1) a material reduction in the nature or scope of Employee's duties,
       responsibilities, authority,  power or  functions from  those enjoyed  by
       Employee immediately prior to the Change in Control occurring at any time
       during the immediate two year period after the Change in Control; or

           (2)  a good faith determination  by Employee that as  the result of a
       Change in Control and  a material change  in employment circumstances  at
       any  time  during  the immediate  two  year  period after  the  Change in
       Control,  he   is  unable   to  carry   out  his   assigned  duties   and
       responsibilities  in a  manner consistent with  the practices, standards,
       values or philosophy of  the Company immediately prior  to the Change  in
       Control; or

           (3)  a relocation of the primary place  of employment of at least 100
       miles.

        (iii) "Disability" means:

           (1) a physical or mental condition which has prevented Employee  from
       substantially  performing  his  assigned  duties  for  a  period  of  180
       consecutive days and  which is  expected to continue  to render  Employee
       unable  to  substantially perform  his duties  on  a full-time  basis and
       otherwise meets  the benefit  eligibility requirements  of the  Company's
       Long  Term  Disability  Welfare  Benefit  Plan.  The  Company  will  make
       reasonable accommodation for any handicap of Employee as may be  required
       by applicable law.

           In  the event  of termination by  the Company for  Disability after a
       Change in  Control, a  good faith  determination of  the existence  of  a
       Disability  shall be made by resolution  of the Compensation Committee of
       the Board of Directors of the Company, in

       its sole  discretion, setting  forth the  particulars of  the  Disability
       which  shall  be final  and binding  upon the  Employee. The  Company may
       require the submission of  such medical evidence as  to the condition  of
       the  Employee  as  it  may  deem necessary  in  order  to  arrive  at its
       determination of  the  occurrence  of a  Disability,  and  Employee  will
       cooperate  in providing any  such information. Employee  will be provided
       with reasonable opportunity to present additional medical evidence as  to
       the  medical condition of  Employee for consideration  prior to the Board
       making its determination of the occurrence of a Disability.

           Upon termination  of Employment  by Company  for Disability  after  a
       Change  in Control, Employee will receive Disability payments pursuant to
       the Company's short and long  term Disability welfare benefit plans  then
       in  effect  according to  the  terms of  such  plans and  continue  to be
       eligible to  participate  in  the  Company's  medical,  dental  and  life
       insurance  programs  then  in effect  and  available to  officers  of the
       Company in accordance with their terms for  a period of 3 years from  the
       date of such termination of this Agreement.

        (iv) "Cause" means:

           (1)  any material breach  by Employee of any  statutory or common law
       duty of loyalty, or

           (2) any material breach of this  Agreement which, if curable, is  not
       cured  within  ten (10)  days of  notice  thereof to  Employee; provided,
       however,  termination  of   employment  for  unsatisfactory   performance
       (including   failure  to  meet  financial  goals)  shall  not  constitute
       termination for Cause.

           Termination for Cause  shall be limited  to a good  faith finding  by
       resolution of the Compensation Committee of the Board of Directors of AAR
       CORP.  setting forth  the particulars thereof.  Any such  action shall be
       taken at  a  regular or  specially  called meeting  of  the  Compensation
       Committee  of  the  Board, after  a  minimum  10 days  notice  thereof to
       Employee, with termination of Employee's employment with the Company  for
       Cause  listed  as an  agenda item.  Employee will  be given  a reasonable
       opportunity to be heard at such meeting with counsel present if  Employee
       desires. Any such resolution shall be final and binding.

           Upon  termination  of employment  by  Company for  Cause,  no further
       compensation or  benefits  shall accrue  or  be payable  to  Employee  by
       Company  except for any compensation, bonus  or other benefits which have
       accrued to Employee prior to the date of any such termination.

           Nothing herein  shall  be  construed  to  prevent  the  Company  from
       terminating  Employee's employment at  any time for any  reason or for no
       reason.

    (c) The  Company  will  pay reasonable  legal/attorney's  fees  incurred  by
Employee  in  connection with  enforcement of  any right  or benefit  under this
Section 6.

    7.   CHANGES  IN  BUSINESS.    The Company,  acting  through  its  Board  of
Directors,  will at all times have  complete control over the Company's business
and retirement and other  employee health and  welfare benefit plans  ("Plans").
Without limiting the generality of the foregoing, the Company may at any time or
times  change or discontinue any  or all of its  present or future operations or
Plans (subject  to their  terms), may  close  or move  any one  or more  of  its
divisions  or offices, may  undertake any new servicing  or sales operation, may
sell any one or more of its divisions or offices to any company not  controlled,
directly or indirectly, by the Company or may take any and all other steps which
its    Board   of   Directors,   in   its   exclusive   judgment,   shall   deem

desirable, and Employee shall have no claim or recourse against the Company, its
officers, directors or employees by reason of such action except for enforcement
of the provisions of Sections 4 and 6 of this Agreement.

    8.  SEVERANCE PAYMENT AS SOLE  OBLIGATION.  Except as expressly provided  in
Sections  4  and  6 above,  no  further compensation,  payments,  liabilities or
benefits shall  accrue  or  be payable  to  Employee  upon or  as  a  result  of
termination  of Employee's employment  for any reason  whatsoever except for any
compensation, bonus or  other benefits which  accrued to Employee  prior to  the
date of employment termination.

    The  amounts paid to  the Employee under  Section 4 and  6 of this Agreement
shall be considered severance pay in consideration of past services Employee has
rendered to the  Company and  in consideration of  Employee's continued  service
from the date hereof to entitlement to those payments.

    9.   NOTICES.  Any notice or other instrument or thing required or permitted
to be given, served or delivered to any of the parties hereto shall be delivered
personally or deposited in the United States mail, with proper postage  prepaid,
telegram,  teletype,  cable or  facsimile transmission  to the  addresses listed
below:

        (a) If to the Company, to:

           AAR CORP.
           1111 Nicholas Boulevard
           Elk Grove Village, Illinois 60007
           Attention: Chairman and Chief Executive Officer

           With a copy to:

           AAR CORP.
           1111 Nicholas Boulevard
           Elk Grove Village, Illinois 60007
           Attention: General Counsel

        (b) If to Employee, to:

           Timothy J. Romenesko
           1485 S. Lake Shore Drive
           Barrington, IL 60010

or to such  other address as  either party may  from time to  time designate  by
notice  to the other.  Each notice shall  be effective when  such notice and any
required copy are delivered to the applicable address.

    10.  NON-ASSIGNMENT.

    (a) The Company shall not assign this Agreement or any rights or obligations
hereunder without  the prior  written  consent of  Employee, and  any  attempted
unpermitted  assignment  shall  be null  and  void and  without  further effect;
provided, however, that, upon the sale  or transfer of all or substantially  all
of  the assets of  the Company, or  upon the merger  by the Company  into or the
combination with  another corporation  or  other business  entity, or  upon  the
liquidation  or dissolution  of the  Company, this  Agreement will  inure to the
benefit of and be binding upon  the person, firm or corporation purchasing  such
assets,  or  the  corporation surviving  such  merger or  consolidation,  or the
shareholder effecting such liquidation or dissolution, as the case may be. After
any such transaction,  the term  Company in this  Agreement shall  refer to  the
entity  which conducts the business now conducted by the Company. The provisions
of this Agreement shall be binding upon  and inure to the benefit of the  estate
and  beneficiaries of  Employee and  upon and  to the  benefit of  the permitted
successors and assigns of the parties hereto.

    (b) The  Employee agrees  on behalf  of himself,  his heirs,  executors  and
administrators, and any other person or person claiming any benefit under him by
virtue  of this  Agreement, that  this Agreement  and all  rights, interests and
benefits hereunder shall not be  assigned, transferred, pledged or  hypothecated
in  any way by the Employee or by any beneficiary, heir, executor, administrator
or other person  claiming under  the Employee by  virtue of  this Agreement  and
shall  not be subject to execution, attachment or similar process. Any attempted
assigned, transfer, pledge  or hypothecation  or any other  disposition of  this
Agreement  or of such  rights, interests and benefits  contrary to the foregoing
provisions or the levy or any  execution, attachment or similar process  thereon
shall be null and void and without further effect.

    11.   SEVERABILITY.   If any term,  clause or provision  contained herein is
declared  or  held  invalid  by  any  court  of  competent  jurisdiction,   such
declaration  or holding shall not affect the  validity of any other term, clause
or provision herein contained.

    12.  CONSTRUCTION.  Careful scrutiny has been given to this Agreement by the
Company, Employee, and their respective legal counsel. Accordingly, the rule  of
construction  that the ambiguities of the contract shall be resolved against the
party which caused the contract to be  drafted shall have no application in  the
construction  or interpretation  of this  Agreement or  any clause  or provision
hereof.

    13.  ENTIRE AGREEMENT.  This Agreement and the other agreements referred  to
herein set forth the entire understanding of the parties and supersede all prior
agreements, arrangements and communications, whether oral or written, pertaining
to the subject matter hereof.

    14.   WAIVER.   No  provision of  this Agreement  may be  amended, modified,
waived or discharged unless such amendment, modification, waiver or discharge is
agreed to  in  writing signed  by  Employee and  an  authorized officer  of  the
Company. No waiver by either party hereto at any time of any breach by the other
party  hereto  of,  or  compliance  with, any  condition  or  provision  of this
Agreement to  be performed  by such  other party  shall be  deemed a  waiver  of
similar  or dissimilar provisions or  conditions at the same  or at any prior or
subsequent time.

    15.    GOVERNING  LAW.    The  validity,  interpretation,  construction  and
performance  of this Agreement shall be  governed by and construed in accordance
with the laws of the  State of Illinois without regard  to its conflicts of  law
principles.

    16.   EXECUTION.   This Agreement may be  executed in multiple counterparts,
each of which shall be deemed an original and which shall constitute but one and
the same Agreement.

    WITNESS the due execution of this Agreement by the parties hereto as of  the
day and year first above written.

                                          Employer:

                                          AAR CORP.

                                          By:        /s/ David P. Storch
                                          --------------------------------------

                                          Title: President
                                          --------------------------------------

                                          Employee:

                                                    /s/ Timothy J. Romenesko

                                             -----------------------------------
                                             Timothy J. Romenesko

 

Basic Info X:

Name: SEVERANCE AND CHANGE IN CONTROL AGREEMENT
Type: Change in Control Agreement
Date: Aug. 11, 1995
Company: AAR CORP
State: Delaware

Other info:

Date:

  • 24th day of February , 1995
  • July 21 , 1987

Organization:

  • Change in Control
  • First National Bank of Chicago
  • Securities and Exchange Commission
  • Compensation Committee of the Board of Directors of the Company
  • Company for Disability
  • Compensation Committee of the Board of Directors of AAR CORP.
  • Company for Cause
  • AAR CORP. 1111 Nicholas Boulevard Elk Grove Village
  • the State of Illinois

Location:

  • Delaware
  • United States of America
  • Illinois

Money:

  • $ 1.00

Person:

  • David P. Storch
  • Timothy J. Romenesko

Percent:

  • 5 %
  • 70 %