AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.1
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (the “Amendment”) by and between The Meridian Resource
Corporation, a Texas corporation (the “Company”), and Xxxx X. Xxxxx (the “Executive”) is made and
entered into as of June 4, 2009.
RECITALS
WHEREAS, the Executive is employed by the Company in the capacity of President and Chief
Executive Officer under an Employment Agreement dated effective as of December 30, 2008 (the
“Employment Agreement”); and
WHEREAS, the Executive and the Company wish to amend the Employment Agreement in accordance
with the provisions of this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other
good and valuable consideration, the parties hereto hereby agree as follows:
1. Section 1.3 of the Employment Agreement. Section 1.3 of the Employment Agreement is hereby
amended and restated to provide as follows:
“1.3 TERM. This Agreement shall become effective as of December 30, 2008 (the “Effective
Date”) and shall continue in force and effect until December 31, 2009 unless sooner terminated as
provided in Section 2.1 hereof. This Agreement may only be renewed or extended by written agreement
executed by the Company and the Executive pursuant to mutually acceptable terms and conditions.”
2. Other Terms of the Employment Agreement. Except as otherwise provided in this Amendment,
all other terms of the Employment Agreement shall remain in full force and effect. All references
in the Agreement to “this Agreement” shall be read as references to the Employment Agreement, as
amended by this Amendment, but references to the date of the Employment Agreement shall remain
references to December 30, 2008.
3. Counterparts. This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same instrument. Each counterpart may consist
of a number of copies hereof each signed by less than all, but together signed by all of the
parties hereto.
4 Choice of Law. The parties intend that the laws of the State of Texas shall govern the
validity of this Amendment, the construction of its terms and the interpretation of the rights and
duties of the parties hereto, without regard to conflict of laws provisions.
IN WITNESS WHEREOF, the parties have executed this Amendment effective as of the date first
set forth above.
| The Meridian Resource Corporation |
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| By: | /s/ Xxxxx X. XxXxxx | |||
| Name: | Xxxxx X. XxXxxx | |||
| Title: | Senior Vice President and Chief Accounting Officer | |||
| Executive |
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| /s/ Xxxx X. Xxxxx | ||||
| Xxxx X. Xxxxx | ||||
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