EXHIBIT 10.10
FIRST AMENDMENT AND SUPPLEMENT TO
FIRST AMENDED AND RESTATED
EMPLOYMENT AGREEMENT
This First Amendment and Supplement ("Amendment") to the Amended and
Restated Employment Agreement ("Employment Agreement") between ICO, Inc., a
Texas corporation (the "Company"), and XXX X. XXXX (the "Executive") is dated
this 24th day of July, 2002.
1. Subparagraph (a) of Paragraph 3 of the Employment Agreement
(entitled "Position and Duties") is hereby amended, effective as of April 30,
2002, to read as follows:
"During the Employment Period, Executive shall be engaged as the
Chief Financial Officer and Treasurer of the Company. In such
position, Executive shall have such duties and authority as are
reasonably accorded and expected of a Chief Financial Officer and
Treasurer, consistent with the bylaws of the Company, and shall
have such other duties and authority as shall be reasonably
determined from time to time by the Board."
2. As of May 14, 2001, the Executive's Base Salary (as defined in
Subparagraph 4(a) of the Employment Agreement) is Two Hundred and Thirty
Thousand Dollars ($230,000.00).
3. For the purposes of Subparagraph 12(b) of the Employment Agreement,
all notices and communications give to the Company shall be addressed as
follows:
ICO, Inc.
0000 Xxxxxxxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000
4. All terms and conditions in the Employment Agreement that are not
amended or supplemented by this Amendment continue to be in full force and
effect.
AGREED AND ACCEPTED:
ICO, INC.
By: /s/ C.N. X'XXXXXXXX /s/ XXX X. XXXX
----------------------------------- -------------------------------
Printed Name: C.N. O'Xxxxxxxx XXX X. XXXX
-------------------------
Title: Pres & Chairman
--------------------------------
