KRONOS Internal Memorandum DATE: January 14, 2008 TO: Harold C. Simmons FROM: Lawrence A. Wigdor SUBJECT: Consultancy Agreement Amendment
KRONOS
Internal Memorandum
DATE:
January 14, 2008
TO:
Xxxxxx X. Xxxxxxx
FROM:
Xxxxxxxx X. Xxxxxx
SUBJECT:
Consultancy Agreement
Amendment
The
Consultancy Agreement with Xxxxxxxx
X. Xxxxxx dated July 14, 2003 and Amended on February 13, 2004 and January
27,
2006 is further amended as follows:
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·
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The
December 31, 2008 date is
changed to December 31, 2010, wherever it appears.
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|
·
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The
minimum annual bonus is
changed to read as follows: The minimum annual bonus for any
calendar year will be no less than 75% of the prior year’s annual
bonus. For any year in which less than a full year is worked
the minimum bonus will be prorated based on the percentage of the
year
worked.
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All
other terms and conditions remain as
in the amended Agreement of February 13, 2004.
Approved:/s/
Xxxxxx
X. Xxxxxxx
Date:01/14/08
Xxxxxx
X. Xxxxxxx
