Document kDoY9m39pzJOvY5EZ0oMQqBjq

GENERAL ELECTRIC COMPANY................................................... ONE PLASTICS AVENUE PITTSFIELD, MASSACHUSETTS 01201, Phono <413) 494-1110, TELEX 926430 .. October 4, 1977 PLASTICS BUSINESS DIVISION GENAL PRODUCTS SECTION Mr. C.E. Joice Director of Purchases Square D Company Executive Plaza , Park Ridge, Illinois 60068. . .. . . . ' Dear Mr. Joice: . ., This letter is to confirm the purchase, agreement reached on September 20, 1977, for 4MM pounds of Genal Molding Compound. This agreement will cover the purchase of all Genal Molding Compound supplied to the Square D Company by the. Plastics Division of the General Electric Company from November 1 . 1977 through October 31. 197fl. e All invoices will reflect list pricing with cumulative earned ' credit rebates to be earned per the following schedule: . , 0 - 999,999 1,000,000 - 1,999999 2,000,000 - 2,999,999 3,000,000 - 3,999,999 4,000,000 + 2 .1/2% 3% 4% 4 1/255 5 1/255 o Rebates will be paid in cash or material following the attainment of each volume level. Rebates will be paid to corporate purchasing for appropriate credit distribution to. the buying locations. The rebate at any given volume will be calculated by multiplying the rebate percentage at the level attained by the year-to-date purchases and subtracting previous rebate payments made at lower volume levels. o All standard terms and conitionsof sale apply to the products shipped to Square D'. . o No pellet premium will be-charged. . o Square D will issue purchase orders with specific release dates for at least three (3) months at a time in order for the General Electric Company to insure prompt delivery to Square D locations. e Should it become necessary for the General. Electric Company to increase prices during the agreement period, a thirty (30) day grace period beyond the announced effective date will be offered to the --__i SC-SDC-1950 GE 041353 GENERAL ELECTRIC 2- - Square D Company. I believe this covers the points we discussed relative to your purchase of Genal Moldina Compounds. Please confirm vour acceptance by signing this letter and returnina it to me. Sincerely, B.W. Perry Manager - I ng Director of Purchases ID-76- 77 Date GE 041354