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EXHIBIT 10.14
Amendment to Employment and Stock Ownership Agreement
This Amendment to the Employment and Stock Ownership Agreement, by and between
Energy Partners, Ltd. and Xxxxx X. Xxxxxxxxx, is dated March 4, 1999.
WHEREAS, the parties hereto executed the Employment and Stock Ownership
Agreement, dated June 5, 1998 (the "Agreement"); and
WHEREAS, it is in the best interests of the parties to amend said "Agreement" as
set forth hereinbelow.
NOW, THEREFORE, in consideration for the mutual promises and covenants so set
forth, the parties agree as follows:
1. The first sentence of Paragraph 2.15 shall be amended to read
as follows:
Notwithstanding anything herein to the contrary, in the event
Employee does not become a full-time employee of the Company
on or before December 31, 1999, Xxxxxxx X. Xxxxxxxx shall
purchase and the Employee shall sell the Shares to Xxxxxxx X.
Xxxxxxxx at a price equal to the consideration paid by the
Employee for the Shares.
IN WITNESS WHEREOF, the parties hereto have set forth their hand and seal on the
day, month and year first above written in multiple originals, each of which
shall have the same force and effect as if it were the sole original.
WITNESSES: ENERGY PARTNERS, LTD.
/s/ XXXX X. XXXXX By: /s/ XXXXXXX X. XXXXXXXX
--------------------------- ----------------------------------
Xxxxxxx X. Xxxxxxxx
/s/ XXXXXXXX XXXXXXXX
---------------------------
/s/ Witness
--------------------------- XXXXX X. XXXXXXXXX
/s/ XXXXXX X. XXXXXXXXX By: /s/ XXXXX X. XXXXXXXXX
--------------------------- ----------------------------------
/s/ Witness
--------------------------- Acknowledged and agreed to the terms
hereof:
/s/ XXXXXX X. XXXXXXXXX /s/ XXXXX X. XXXXXXXXX
--------------------------- --------------------------------------
Spouse
