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EXHIBIT 10.30
SECOND AMENDMENT TO COMPENSATION AGREEMENT
This Agreement, entered into and made effective as of February 14,
1997, by and between Enron Development Corp. ("EDC" or "Company"), a Delaware
corporation having its headquarters at 0000 Xxxxx Xxxxxx, Xxxxxxx, Xxxxx 00000,
Enron Global Power & Pipelines L.L.C. ("EPP"), a Delaware limited liability
company, having its headquarters at 0000 Xxxxx Xxxxxx, Xxxxxxx, Xxxxx 00000,
Enron International Inc. ("EI") and Xxxxxx X. Xxxx ("Employee"), an individual
residing in Houston, Texas, is an amendment to that certain Compensation
Agreement between the parties entered into and made effective as of March 17,
1995, as amended on May 1, 1995 (the "Compensation Agreement").
WHEREAS the parties desire to amend the Compensation Agreement to
provide for assignment of the Compensation Agreement by Company to, and the
assumption of the Compensation Agreement by EI;
NOW, THEREFORE, for and in consideration of the mutual covenants
contained herein, the parties agree as follows:
The Compensation Agreement is assigned by EDC to, and assumed by, EI.
Any reference to the "Company" in the Compensation Agreement shall mean EI.
Employee and EPP consent to such assignment and assumption, and release EDC
from every obligation under the Compensation Agreement. EI assumes every
obligation of EDC under the Compensation Agreement.
This Agreement is an amendment to the Compensation Agreement, and the
parties agree that all other terms, conditions and stipulations contained in
the Compensation Agreement shall remain in full force and effect and without
any change or modification, except as provided herein.
IN WITNESS WHEREOF, the parties have duly executed this Agreement as
of the date first above written.
XXXXXX X. XXXX ENRON INTERNATIONAL INC.
/s/ XXXXXX X. XXXX /s/ XXXXXX X. XXXXXX
----------------------- ---------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: President
ENRON DEVELOPMENT CORP. ENRON GLOBAL POWER & PIPELINES L.L.C.
/s/ XXXXXX X. XXXXXX /s/ K. XXXX XXXXX
----------------------- ---------------------------------------
Name: Xxxxxx X. Xxxxxx Name: K. Xxxx Xxxxx
Title: President & COO Title: Vice President, General Counsel
and Secretary
