FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
This First Amendment to Employment Agreement dated
effective October 24, 1994, amends that certain Employment
Agreement ("Employment Agreement") by and among Cinergy
Corp., a Delaware corporation ("Cinergy"), Cinergy Services,
Inc., a Delaware corporation ("Cinergy Services"), The
Cincinnati Gas & Electric Company, an Ohio corporation
("CG&E"), PSI Energy, Inc., an Indiana corporation ("PSI"),
and Xxxxxx X. Xxxxx (the "Executive") dated effective
October 24, 1994. Cinergy, Cinergy Services, CG&E, and PSI
will sometimes be referred to in this First Amendment to
Employment Agreement collectively as the "Corporation".
This First Amendment to Employment Agreement amends the
Employment Agreement as follows:
1. The substantive provisions of Section 1(b) are
deleted in their entirety and replaced with the
following:
"The Employment Period of the Executive as provided in
Section 1(a) will commence on October 24, 1994
(the "Effective Date") and shall continue until
December 31, 1997; provided, however, commencing
on January 1, 1996, and each January 1 thereafter
(the "Renewal Date"), the Employment Period of
this Employment Agreement shall automatically be
extended for one (1) additional year if neither
the Corporation nor the Executive shall have given
between December 1 and December 15 prior to each
applicable Renewal Date written notice to the
other of its intent to terminate this Employment
Agreement."
2. All other provisions of the Employment Agreement
remain unchanged by this First Amendment to
Employment Agreement.
IN WITNESS WHEREOF, the Executive and the Corporation
have caused this First Amendment to Employment Agreement to
be executed effective as of the day and year first above
written.
CINERGY CORP., CINERGY SERVICES, INC.,
THE CINCINNATI GAS & ELECTRIC COMPANY,
and PSI ENERGY, INC.
By: Xxxxx X Xxxxxx
(Xxxxx X. Xxxxxx)
Vice Chairman and
Chief Executive Officer
EXECUTIVE
Xxxxxx X. Xxxxx
(Xxxxxx X. Xxxxx)
