EXHIBIT 10.19
AMENDMENT TO THE EMPLOYMENT AGREEMENT
OF XXXX XXXXXXXXX
This Amendment to the Employment Agreement of Xxxx Xxxxxxxxx, made this
31st day of July, 2002, is by and between:
ICO, Inc., a Texas corporation with offices at 0000 Xxxxxxxxxx, Xxxxx
000, Xxxxxxx, Xxxxx 00000; and
Xxxx Xxxxxxxxx, a Texas resident ("Employee").
WHEREFORE, the Employment Agreement between Employee and Wedco, Inc., a
New Jersey Corporation and wholly owned subsidiary of ICO, Inc., became
effective as of February 15, 2001; and
WHEREFORE, effective as of April 30, 2002, the Employee became engaged
as Chief Accounting Officer of ICO, Inc., and the parties desire to amend
Employee's Employment Agreement to reflect Employee's current position with ICO,
Inc.
NOW, THEREFORE, the parties agree as follows:
1. Effective as of April 30, 2002, Employee became engaged as Chief
Accounting Officer of ICO, Inc.
2. Effective as of April 30, 2002, the term "Company," as defined in
the first paragraph of the Employment Agreement and used throughout the
Employment Agreement, shall mean and refer to ICO, Inc. (in place of Wedco,
Inc.).
3. Paragraph 1 of the Employment Agreement, entitled "Nature and Place
of Employment," is here by amended, effective as of April 30, 2002, to read as
follows:
"During the Employment Period, Employee shall be engaged as the
Chief Accounting Officer of the Company. In such position,
Employee shall have such duties and authority as are reasonably
accorded and expected of a Chief Accounting Officer, consistent
with the bylaws of the Company, and shall have such other duties
and authority as shall be reasonably determined from time to time
by the Company's Board of Directors."
4. All terms and conditions in the Employment Agreement that are not
amended or supplemented pursuant to paragraphs 1 - 3 above continue to be in
full force and effect between Employee and ICO, Inc. (in place of Wedco, Inc.).
AGREED AND ACCEPTED:
ICO, INC.
By: /s/ C. N. X'Xxxxxxxx /s/ Xxxx Xxxxxxxxx
-------------------------------- --------------------------
XXXX XXXXXXXXX
Printed Name: C. N. X'Xxxxxxxx
Title: Chairman and President
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