James R. Palmer and Linda D. Palmer - Page 3




                                        - 3 -                                         
          Downey plant, Olin Ordnance wanted to retain Mr. Palmer as a                
          consultant.                                                                 
               On May 2, 1994, Olin on behalf of Olin Ordnance1 and Mr.               
          Palmer entered into an agreement entitled “OLIN CONSULTING                  
          AGREEMENT” (May 2, 1994 Olin/Palmer consulting agreement).                  
          Pursuant to that agreement, Olin Ordnance retained Mr. Palmer as            
          an independent contractor to provide consulting services to it in           
          connection with, inter alia, the transition of Aerojet Ordnance             
          that Olin Ordnance had acquired from Aerojet during that year.              
          The May 2, 1994 Olin/Palmer consulting agreement was to remain in           
          effect until October 31, 1994, unless terminated sooner by mutual           
          agreement of Olin Ordnance and Mr. Palmer, by the death of Mr.              
          Palmer, or for other reasons set forth in that agreement.                   
          Pursuant to the May 2, 1994 Olin/Palmer consulting agreement, the           
          term of that agreement could have been extended only by the                 
          mutual agreement of Olin Ordnance and Mr. Palmer as set forth in            
          a written document.                                                         
               In July and August 1994, certain representatives of Olin               
          Ordnance approached Mr. Palmer several times in an effort to                
          persuade him to accept a consulting assignment as an independent            
          contractor at Olin Ordnance’s plant in Marion, Illinois (Marion             
          plant).  Olin Ordnance wanted Mr. Palmer to coordinate the                  


               1For convenience, we shall hereinafter refer only to Olin              
          Ordnance, a division of Olin Corporation, and not to Olin Corpo-            
          ration.                                                                     




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011