Exhibit 10.14.1
FIRST AMENDMENT TO CONSULTING AGREEMENT
THIS FIRST AMENDMENT TO CONSULTING AGREEMENT is made and entered into
as of the 1st day of July, 1997, by and between Tredegar Industries, Inc., a
Virginia corporation, 0000 Xxxxxxxx Xxxxxxx, Xxxxxxxx, Xxxxxxxx (hereinafter
called "Tredegar"), and Xxxxxxx X. Xxxxxxx, an individual residing at 00000
Xxxxx Xxxxx Xxxxx, Xxxxxxxxxx, Xxxxxxxx (hereinafter called "Xxxxxxx").
W I T N E S S E T H:
WHEREAS, Tredegar and Xxxxxxx have previously entered into that certain
Consulting Agreement dated as of March 31, 1996 (the "Consulting Agreement");
WHEREAS, Tredegar and Xxxxxxx desire to amend the Consulting Agreement;
NOW, THEREFORE, in consideration of the mutual promises contained
herein, and other good and valuable consideration, the receipt of which is
acknowledged, Tredegar and Xxxxxxx agree as follows:
1. Capitalized terms not defined herein shall have the same meanings as
set forth in the Consulting Agreement.
2. Section 8 of the Agreement is hereby amended by deleting it in its
entirety and substituting therefor the following language:
For the services rendered hereunder by Xxxxxxx (including his service
as a member of Tredegar's Executive Committee and Management
Committee), Tredegar shall pay Xxxxxxx and Xxxxxxx hereby accepts as
full compensation therefor the annual amount of $30,000, which payments
will be made in quarterly installments in advance and prorated for any
partial year.
IN WITNESS WHEREOF, Tredegar Industries, Inc. has caused this
instrument to be signed in its name by its duly authorized officer and Xxxxxxx
X. Xxxxxxx has hereunto set his hand, all as of the day and year first above
written.
TREDEGAR INDUSTRIES, INC.
By /s/ Xxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxx
President
/s/ Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
