THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
EXHIBIT 10.1
THIRD AMENDMENT TO
This Third Amendment, made as of February 21, 2013, by and between Minerals Technologies Inc., a Delaware corporation (the "Employer") and Xxxxxx X. Xxxxxxx (the "Executive").
WHEREAS, the Employer and the Executive previously entered into an employment agreement, dated November 27, 2006, which was subsequently amended by the First Amendment thereto, dated as of December 18, 2008, and the Second Amendment thereto, dated as of July 21, 2010 (as amended thereby, the "Employment Agreement"); and
WHEREAS, the Employer and the Executive now wish to amend the Employment Agreement to extend its expiration date and make certain conforming revisions in connection therewith.
NOW, THEREFORE, the Employer and the Executive hereby amend the Employment Agreement, effective February 21, 2013, as follows:
1. The second sentence of Section 1(a) is hereby amended to read as follows:
For purposes of this Agreement, "Term" shall mean a period of seven (7) years beginning on the Commencement Date and ending on the day before the seventh anniversary thereof, but not earlier than March 1, 2014.
IN WITNESS WHEREOF, the Employer and the Executive have executed and delivered this amendment effective as of the date shown above.
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By:
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/s/ Xxxxxx X. Xxxx
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February 21, 2013
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Xxxxxx X. Xxxx
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Senior Vice President, General Counsel and Secretary, Chief Compliance Officer
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Date: February 21, 2013
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Agreed to by:
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/s/ Xxxxxx X. Xxxxxxx
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February 21, 2013
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Xxxxxx X. Xxxxxxx
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Date
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