Published:
Bonal International, Inc. Renews Employment Agreement with President A. George Hebel
Bonal International, Inc. Renews Employment Agreement with President A. George Hebel
ROYAL OAK, Mich., May 16 /PRNewswire-FirstCall/ -- Bonal International,
Inc.'s (OTC: BONL) Board of Directors today announced that it has signed a
two-year employment agreement with A. George Hebel, its president. The
contract is effective April 1, 2008 and is renewable year to year. The
contract includes a paid five year non-compete and consulting agreement after
retirement.
In November 2007, Bonal announced that it was terminating the original
agreement since it was negotiated in 1985 and many of its terms are no longer
applicable or in the best interest of Bonal. The agreement was terminated in
accordance with its terms and there were no material early termination
penalties incurred by Bonal International, Inc.
Bonal International Inc. through its wholly owned subsidiary, Bonal
Technologies, Inc., is the world's leading provider of sub-harmonic technology
for metal improvement solutions with more than 35 years of expertise. Bonal's
patented technology and its three product lines: Meta-Lax(R) Stress Relief,
Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for distortion
control, are sold in the US and in more than 49 countries. Headquartered in
Royal Oak, Mich., Bonal provides a variety of services including consulting,
training, program design and metal stress relief services for customers in the
aerospace, armament, die casting, engine building, machine tool, mining,
petroleum, plastic molding, racing, automotive, shipbuilding and welding
industries. More information on Bonal can be found at www.bonal.com.
SOURCE Bonal International, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Aerospace and defense, , michigan
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