EXHIBIT 10
AMENDMENT TO CONSULTING AGREEMENT
This is an Amendment to the Consulting Agreement dated May 7, 1998
by and between Xxxxxxx X. Xxxxxxxxxxx, an individual whose mailing address
is 0000 0xx Xxxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000 ("Consultant") and
American Water Works Company, Inc. (the "Company"), a Delaware corporation.
BACKGROUND
Consultant and Company entered into a consulting agreement dated
May 7, 1998. Consultant has provided the consulting and advisory services
requested to date by the Company. Consultant and Company anticipate that
the prospective services which may be requested by the Company from the
Consultant will be more limited than those services previously rendered by
the Consultant.
NOW, THEREFORE, intending to be legally bound hereby, the parties
agree to amend Section 4 of the Agreement in its entirety as follows:
4. Compensation. Effective as of January 1, 1999, as compensation
and consideration for such services and responsibilities under this
Agreement, the Company agrees to pay Consultant and Consultant agrees to
accept compensation of $150,000 annually. Such compensation shall be
payable in equal, or as nearly equal as practicable, monthly installments
during each month, beginning January 1, 1999 in which the Consultant
provides services hereunder. The Company shall not be required to provide
Consultant with any other payments or benefits for his services hereunder,
provided that the services to be performed hereunder, and the compensation
to be paid therefor, shall be in addition to Consultant's services and
compensation as a member of the Board.
IN WITNESS WHEREOF, the undersigned have executed this Amendment.
AMERICAN WATER WORKS COMPANY, INC.
By: Xxxxxxx Xxxx
Chairman of the Board of Directors
CONSULTANT:
Xxxxxxx X. Xxxxxxxxxxx
Dated: December 22, 1998
