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This excerpt taken from the GWW 10-Q filed Nov 2, 2006. Termination of a Material Definitive Agreement.
As described above, the new Change in Control Employment Agreements entered into between the Company and the key executives replace earlier Change in Control Employment Agreements entered into with these executives. The earlier agreements were accordingly terminated effective November 1, 2006.
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W.W. Grainger, Inc. and Subsidiaries
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This excerpt taken from the GWW 8-K filed Aug 14, 2006. Item 1.02. Termination of a Material Definitive Agreement.
As described above, the Change in Control Employment Agreement entered into between the Company and Mr. Chen replaced an earlier Change in Control Employment Agreement, entered into between the Company and Mr. Chen on August 26, 2002. That earlier agreement was accordingly terminated, effective August 11, 2006.
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