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 Xxxxx X.
Xxxxxx (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. Xxxxxx
(Xxxxx X. Xxxxxx)
Vice Chairman and
Chief Executive Officer
EXECUTIVE
Xxxxx X. Xxxxxx
(Xxxxx X. Xxxxxx )
