AMENDMENT
to the
Employment Agreement executed November 9, 1999
between
Xxxxxx West and Eagle Pacific Industries, Inc.
THIS AMENDMENT TO EMPLOYMENT AGREEMENT is entered into effective as of
this 15th day of December, 1999, by and between Xxxxxx West (the "Employee") and
Eagle Pacific Industries, Inc. ("Eagle").
WHEREAS, Employee and Eagle are parties to that certain Employment
Agreement executed November 9, 1999 (the "Agreement").
WHEREAS, the parties mutually desire to amend the Agreement effective
December 15, 1999 to take into account the resolutions adopted by Eagle's Board
of Directors at its special meeting on December 15, 1999.
NOW, THEREFORE, in consideration of the premises and mutual agreements
hereinafter contained, and for other good and valuable consideration, the
parties agree as follows:
1. Section 3.b Bonus of the Agreement shall be changed in its entirety
to read as follows:
"During calendar year 1999, the Employee shall be entitled to
participate in Level 1 of Eagle's Key Employee Bonus Plan, a summary of
which is attached hereto as Exhibit A. Employee shall be eligible for a
bonus under such plan for the year ending December 31, 1999 based on
the compensation paid to Employee during such year. Beginning calendar
year 2000 and for the remainder of the term of this Agreement, the
Employee shall be entitled to participate in Eagle's Performance Bonus
Plan."
2. Except as amended herein, the Agreement shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment to
Employment Agreement effective as of the date first written above.
EAGLE PACIFICS INDUSTRIES, INC.
By: /s/ Xxxxxxx X. Xxxxx /s/ Xxxxxx West
Its: Chief Executive Officer Xxxxxx West
