Document rp4LkwqreYV0EMgw8m8QD3EGe

Owens-Illinois GENERAL OFFICES (j) TOLEDO 1. OHIO PLAINTIFF'S EXHIBIT May 9, 1958 Cwtns-Corning Fiberglas Corporation P. 0. Box 901 Toledo 1, cnio Gentlemen: Y,e have this day sold to you certain of the properties of our Kaylo Division as of the close of business April 30, 1958. This letter summarizes the procedure that will be followed with regard to the em ployees of the Kaylo Division. You agree to assume ary obligations which we may have with regard to payment of vacation pay to any hourly employees of the Kaylo Division who become your employees, arid we will reimburse you in an amount equal to the amount properly accrued, as of Hay 1, 1956, on our bosks ir. accordance with our regular accounting practice for vacation pay for such employees. hitn reference to : uof our personnel as become your em ployees, you and we will cooperate in an effort to secure the transfer to tne trust under your retirement p'lan, for the benefit of such em ployees, in accordance witn tne provisions of our retirement plans and to tne extent permissiole thereunder, of the funds held for the benefit of such employees in the trusts under our plans, without affecting, how ever, the present qualification under the provisions of the Internal ft venue Code of 195u of all suen reti re.sent plans and the tax exempt status of the trusts tner^ur.jer and without providing any benefits under your retirement rtocr than ?uch as are available to your present, employees similarly situated, ana provided, however, tnnt there shall be no transfer of funds hereunder as to ajfy of such personnel who shall not qualify under your retirement plan. The agreements made above 6nall extend to and be binding upon each of us and our respective successors and assigns, but no third person, except for such successors and assigns, shall have or acquire any right to enforce these agreements against either of us. If this proposal meets with your approval, please note your acceptance on the form provided at the end hereof and on the duplicate original enclosed nerewith, md return the duplicate original to us. icurs very truly, T1..^'.o-.< v'CL.-vi>o CJ./.PivNY tc:-pted: Lay 9, 19^6 : *_'<5-C-,ru\lNG FlbERGLAS C-F.f i A ry fC(XjL^ lY u