Exhibit 10(b)
As of October 1, 1997
Xx. Xxxxx X. Xxxxxxxx
16 Governors Harbour
Xxxxxx Xxxx Xxxxxx
Xxxxx Xxxxxxxx 00000
Dear Xxxxx:
Reference is made to your employment agreement dated as of
June 1, 1997 (the "Agreement"). This will set forth amendments to that
Agreement, as we have mutually agreed:
1. Section 3 of the Agreement is hereby amended by adding the
following sentence at the end of subsection (a):
Beginning as of October 1, 1997, your salary rate shall
increase to $75,000 per year.
2. Section 3 of the Agreement is hereby amended by adding the
phrase, "Key Employees Incentive Plan," after the word "Company's" in the first
sentence of subsection (b).
3. Section 8 of the Agreement is hereby amended by deleting
the phrase, "within the Pittston Services Group" in clauses (i) and (ii)
thereof.
These amendments are effective from and after October 1, 1997.
Except as otherwise provided herein, the terms and conditions of the Agreement
shall remain in full force and effect.
Please acknowledge your agreement with the terms hereof by
your signature in the space provided below.
Very truly yours,
THE PITTSTON COMPANY
By /s/ X. Xxxxxxx 10/1/97
Chairman of the Board Date
I hereby acknowledge and agree that the foregoing is in
accordance with our agreement.
/s/ X. X. Xxxxxxxx 10/7/97
Xxxxx X. Xxxxxxxx Date
Dated as of October 1, 1997
