EXHIBIT 10.19
2005 AMENDMENT TO
EMPLOYMENT CONTRACT
AMONG:
TIMET XXXXXX X.X., a Societe Anonyme with offices at 62 Avenue Xxxx Xxxxx, 73400
Ugine, France (hereinafter referred to as the "Company"), represented by
Xxxx-Xxxx Xxxxxx, President and Directeur General of the Company, and
TITANIUM METALS CORPORATION, a Delaware (USA) corporation, with offices at 0000
Xxxxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx, XXX 00000 (hereafter referred to as
"TIMET"), represented by J. Xxxxxx Xxxxxx, Chairman, President and Chief
Executive Officer of TIMET,
On the one hand,
AND
XX. XXXXXXXXX X.X. XXXXXXXX, of French nationality, residing at 0 xxx x'Xxxxxxx,
00000 Xxxxx, Xxxxxx (hereinafter referred to as "Xx. Xxxxxxxx"),
On the other hand.
PREAMBLES
A. The parties entered into an Amendment to Employment Contract executed as
of November 25, 2003 ("Employment Contract").
B. The parties now desire to further amend the Employment Contract as
provided herein.
AMENDMENT
1. Section 3 (a) of the Employment Contract shall be deleted and replaced
with the following:
"(a) Commencing January 1, 2005, Xx. Xxxxxxxx shall receive an annual
gross salary of 315,000 (euro) (euros) payable in euros through the
Company's payroll system."
2. Except as expressly amended by this 2005 Amendment to Employment
Contract, the Employment Contract shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
March 14, 2005.
\s\ Christian X.X. Xxxxxxxx
----------------------------------
Christian X. X. Xxxxxxxx
By: \s\ Xxxx Xxxx Xxxxxx
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Xxxx Xxxx Xxxxxx
President & Directeur General
TIMET XXXXXX
By: \s\ J. Xxxxxx Xxxxxx
----------------------------------
J. Xxxxxx Xxxxxx
Chairman, President and Chief
Executive Officer
TITANIUM METALS CORPORATION
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