EXHIBIT 10.19
Xxxxx X. Beach
Amendment to the Unocal Employment Agreement of July 28, 1998
Section 4.3 (1) is hereby amended effective March 1, 2000, to read as follows:
(1) "The Company shall pay Employee a lump-sum severance amount within
thirty (30) days following Termination Without Cause equal to three (3)
times the sum of (a) the higher of the Employee's annual base salary at
the time of Termination Without Cause or the annual base salary stated
in Paragraph 3.1 hereinabove, and (b) the annual target Bonus applicable
to Employee as of the beginning of the calendar year in which such
Termination Without Cause occurs, reduced by the amount of any Unocal
Employee Redeployment Program and/or Unocal Termination Allowance
benefits payable to Employee."
Unocal Corporation
February 28, 2000
AGREED TO:
Date:
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Signature
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