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 J. Xxxxx
Xxxxxxx (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. Rogers_________
(Xxxxx X. Xxxxxx)
Vice Chairman and
Chief Executive Officer
EXECUTIVE
J. Wayne Leonard________
(J. Xxxxx Xxxxxxx)
