EXHIBIT 10.51
FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
This Agreement, entered into and made effective as of September 26,
2002, by and between EOTT ENERGY CORP., a Delaware corporation ("EOTT") having
its headquarters at 0000 X. Xxx Xxxxxxx Xxxxxxx, X., Xxxxx 000 Xxxxxxx, Xxxxx
00000 and XXXX X. XXXXXX ("Employee"), is an amendment to that certain Executive
Employment Agreement between the EOTT and Employee entered into and made
effective as of January 1, 2001 (the "Employment Agreement").
WHEREAS, the parties desire to amend the Employment Agreement as
provided herein;
NOW, THEREFORE, in consideration thereof and of the mutual covenants
contained herein, the parties agree as follows:
1. Exhibit "A" to the Employment Agreement is hereby deleted
in its entirety and the attached Exhibit "A" is inserted in its
entirety.
This Amendment is a First Amendment to the Employment Agreement, and
the parties agree that all other terms, conditions and stipulations contained in
the Employment Agreement, and any amendments thereto, 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.
EOTT ENERGY CORP.
By: ______________________________
Name: Xxxx X. Xxxxx
Title: President & Chief Operating Officer
This _____ day of ______________, 2002
XXXX X. XXXXXX
___________________________________
This ____ day of ________________, 2002
EXHIBIT "A" TO
EXECUTIVE EMPLOYMENT AGREEMENT
BETWEEN
EOTT ENERGY CORP. AND XXXX X. XXXXXX
Employee Name: Xxxx X. Xxxxxx
Term: January 1, 2001 through December 31, 2003
Position: Vice President and Controller
Reporting Relationship: Reports to the Senior Vice President and Financial
Officer, EOTT Energy Corp.
Location: Houston, Texas
Monthly Base Salary: Employee's monthly base salary shall not be less than
Thirteen Thousand Three Hundred Thirty-Three and
Thirty-Three/100 Dollars ($13,333.33).
Bonus: Employee may be eligible to participate in the EOTT
Energy Corp. Annual Incentive Plan ("Plan") or any
appropriate replacement bonus plan of Employer. All
bonuses are discretionary and shall be paid in
accordance with the terms and provisions of the Plan.
Long Term Incentives: As recommended and approved in any EOTT Energy Long
Term Incentive Plan(s) by the Board of Directors of
EOTT Energy Corp.
EOTT ENERGY CORP.
By: ________________________________________________
Name: Xxxx X. Xxxxx
Title: President and Chief Operating Officer
This ___ day of ______________________, 2002
XXXX X. XXXXXX
____________________________________________
This ___ day of ____________________, 2002
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