November 7, 2001
Xxxx X. Xxxxxxx
00000 Xxxxxxxx Xx.
Xxxxxxx, XX 00000
Dear Xx. Xxxxxxx:
This letter will confirm our mutual agreement that the Employment Agreement
dated as of March 1, 2001 ("Employment Agreement") between you and National
Steel Corporation is hereby amended as follows:
1. In the first line of Section 1.2, the words "Corporate Controller" shall be
deleted and replaced with the words "Vice President and Corporate
Controller."
2. In Section 5.4(a), each reference to the words "1.5 times" shall be deleted
and replaced with the words "1.75 times."
Except as herein specifically modified, the terms and conditions of the
Employment Agreement shall remain unchanged and in full force and effect.
If the terms of this letter are acceptable to you, please so signify by signing
in the space provided below.
Sincerely,
NATIONAL STEEL CORPORATION
By:
-------------------------------------------------
Xxxxxx X. Xxxxxxxx
Vice President, General Counsel & Secretary
Accepted and Agreed To:
-----------------------------------------------------
Xxxx X. Xxxxxxx
