Exhibit 10.4
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
This Amendment No. 1 is made to the Employment Agreement by and between
York International Corporation, a Delaware corporation (the "Company"), and
_______________________________________ (the "Executive"), dated as of the
________ day of _____________, _______ (the "Agreement"), and is effective the
23rd day of May, 2002.
The parties hereto, intending to be legally bound, hereby agree as
follows:
1. Section 3(b) (ii) of the Agreement shall be modified to delete the
reference to "the 1996 Incentive Compensation Plan" and to substitute "the 2002
Incentive Compensation Plan."
2. Section 5(a) (i) B of the Agreement shall be modified by deleting
the parenthetical "(based on the adjusted EV bonus amount for the Fiscal Year in
which the Date of Termination occurs, the "Adjusted EV Bonus")" and replacing it
with "(based on the annual target bonus for the Fiscal Year in which the Date of
Termination occurs, the "Annual Target Bonus").
3. Section 5(a) (i) C of the Agreement shall be modified by deleting
the term "Adjusted EV Bonus" and substituting "Annual Target Bonus."
4. Section 9(d) of the Agreement shall be modified by deleting
"Adjusted EV Bonus" and substituting "Annual Target Bonus."
5. All other provisions of the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to
Employment Agreement as of the day and year first above written.
_____________________________________
YORK INTERNATIONAL CORPORATION
By:__________________________________
