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EXHIBIT 10.14
AMENDMENT NO. 1
TO
CONSULTING AGREEMENT
This Amendment No. 1, effective the 1st day of October, 1997, is made to that
certain Consulting Agreement between WESTERN ATLAS INC. (hereinafter "Company")
and XXXXXX X. XXXXX, dated August 1, 1996 (hereinafter called the "Agreement").
WHEREAS, the parties to the Agreement wish to extend the Duration of the
Agreement described in the Agreement for a term of one (1) year beginning on
October 1, 1997 at a Minimum Annual Fee of $150,000 and to amend the designated
Point of Contact.
NOW, THEREFORE, by mutual agreement of the parties, the Agreement is hereby
amended as follows:
1. Duration:
The date "October 1, 1996" which appears in numbered Paragraph 3 is
hereby changed to read "October 1, 1997".
2. Point of Contact:
The designated Point of Contact, "Xxxxx X. Xxxxx, Chief Executive of
the Company", set forth in Paragraph 1(b), is hereby changed to read "Chief
Executive Officer of the Company".
3. Compensation and Payment:
For the new term which shall begin on October 1, 1997 and terminate on
September 30, 1998, the Minimum Annual Fee shall again be $150,000, payable in
monthly installments of $12,500.00 per month with all other terms and conditions
remaining unchanged.
4. Notices:
The addressee of any Notice to the Company under Paragraph 10
identified to be "Xxxxx X. Xxxxx, Chairman of the Board and Chief Executive
Officer, Western Atlas Inc., 000 Xxxxx Xxxxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxxxxx
00000", is hereby changed to read "Chief Executive Officer, Western Atlas Inc.,
00000 Xxxxxxxxxx Xxxx, Xxxxxxx, Xxxxx 00000-0000".
5. Other Terms and Conditions:
Except as modified herein all terms and conditions of the Agreement
shall remain in full force and effect as originally written.
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IN WITNESS WHEREOF, the parties hereto have signed and delivered this
Amendment No. 1 as of the date first written above.
CONSULTANT WESTERN ATLAS INC.
By: /s/ Xxxxxx X. Xxxxx By: /s/ Xxxxx X. Xxxxx
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Xxxxxx X. Xxxxx Xxxxx X. Xxxxx
Chairman and Chief Executive
Officer
Dated: 9/16/97 Dated:
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