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EXHIBIT 10.8
FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT is entered into as of
the 9th day of April, 1998 by and between HydroChem Holding, Inc., a Delaware
corporation (the "Employer"), and B. Xxx Xxxxxx, Jr., an individual (the
"Employee").
RECITALS
A. Employer and Employee entered into a certain Employment Agreement as
of December 15, 1995, which as amended by First, Second, and Third
Amendments thereto dated as of January 10, 1995, March 20, 1995, and
December 9, 1996, respectively, provides the terms of employment of
Employee by Employer (the "Employment Agreement").
B. Employer and Employee desire to further amend the Employment Agreement
as hereinafter provided.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which is acknowledged,
the parties hereto agree as follows:
1. Section 2 of the Employment Agreement is hereby amended by deleting
the same in its entirety and substituting the following in lieu
thereof:
"Except as otherwise provided herein, the "Period of
Employment" shall be the period of time commencing on the date hereof
and continuing until the date one year after either party gives the
other party notice to terminate the Employment Agreement."
2. Section 6 of the Employment Agreement is hereby amended by adding a
subsection (f) as follows:
"(f) Reimbursement for Tax Assistance.
Effective as of January 1, 1998, Employer shall, upon receipt
of adequate supporting documentation, reimburse Employee up to
a maximum of Seven Thousand Dollars ($7,000) per year for fees
paid by Employee for professional tax services including
preparation of personal tax returns and personal tax advice."
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EXHIBIT 10.9
IN WITNESS WHEREOF, the parties have duly executed this Fourth
Amendment as of the year and date first above written.
HYDROCHEM HOLDING, INC.
By: /s/ PELHAM X. X. XXXXX
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Pelham X. X. Xxxxx, Vice President
EMPLOYEE
/s/ B. XXX XXXXXX, JR.
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B. Xxx Xxxxxx, Jr. an individual
In consideration of the premises and other good and valuable
consideration, the undersigned hereby unconditionally guarantees the punctual
performance by HydroChem Holding, Inc., of all its duties and obligations under
the terms of this Fourth Amendment to Employment Agreement.
HYDROCHEM INDUSTRIAL SERVICES, INC.
By: /s/ PELHAM X. X. XXXXX
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Pelham X. X. Xxxxx, Vice President
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