EXHIBIT 10.15b
AMENDMENT TO
EMPLOYMENT AGREEMENT
THIS AMENDMENT, made as of the 23rd day of July, 1990, to
the Employment Agreement, made of the 1st day of January,1988,
(the Agreement) between THE UNITED ILLUMINATING COMPANY, a
Connecticut corporation (the Company) and XXXXXX X. XXXXXX, an
individual, (the Executive),
WITNESSETH THAT:
(1) The Company and the Executive hereby agree to amend the
Agreement as set forth in Sections (2) through (8) inclusive,
below:
(2) By deleting Section (1)(b) of the Agreement in its
entirety and by substituting the following therefor:
"(b) Unless and until terminated pursuant to Section
(5)(a), Section 5(b)(i) or section 5(c)(i) hereof, the
employment of the Executive by the Company shall be for
a term expiring on the date specified in a Notice of
Termination pursuant to Section (5)(d) hereof."
(3) By deleting Section (5)(b)(ii) of the Agreement in its
entirety and by substituting the following therefor:
"(ii) Without Cause. The Company may terminate the
Executive's employment without Cause, effective upon at
least three (3) years' prior Notice of Termination
delivered to the Executive pursuant to Section 5(d)
hereof."
(4) By deleting Section (5)(c)(ii) of the Agreement in its
entirety and by substituting the following therefor:
"(ii) Absent Breach by the Company. The Executive may
terminate his employment hereunder in the absence of a
Breach by the Company, effective upon at least six (6)
months' prior Notice of Termination delivered to the
Company pursuant to Section (5)(d) hereof."
(5) By deleting from the fourth line of Section (5)(e) of
the Agreement the words "the Expiration Date" and by substituting
therefor the words "the date specified in the Notice of
Termination."
(6) By deleting from the third and fourth lines of Section
(6)(d)(iv) of the Agreement the words "Expiration Date in effect
on the date the Notice of Termination is delivered" and by
substituting therefor the words "third anniversary of the Date of
Termination."
(7) By deleting from the fourth and fifth lines of Section
(6)(d)(v) of the Agreement the words "Expiration Date in effect
on the Date of Termination" and by substituting therefor the
words "third anniversary of the Date of termination".
(8) By deleting from the ninth and tenth lines of Section
(6)(d)(vi) of the Agreement the words "Expiration Date in effect
on the date the Notice of Termination is delivered", by deleting
from the seventeenth and eighteenth lines of said Section
(6)(d)(vi) the words "Expiration Date in effect on said Date of
Termination", and by substituting therefor in each instance the
words "third anniversary of the Date of Termination"; by deleting
from the fourteenth line of said Section (6)(d)(vi) the words
"Expiration Date" and by substituting therefor the words
"anniversary date"; and by deleting from the twenty and twenty-
first lines of said Section (6)(d)(vi) the words "Expiration Date
in effect on his Date of Termination" and by substituting
therefor the words "third anniversary of his Date of
Termination".
(9) All the terms and conditions of the Agreement, as
hereby amended, are and shall remain in full force and effect.
(10) This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original but all
of which together will constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this
Amendment as of the day and year first above written.
ATTEST: THE UNITED ILLUMINATING COMPANY
/s/ Xxxx Xxxxx Xxxxxxx By /s/ Xxxxxx X. Xxxxxxx, Xx.
------------------------- ----------------------------
Secretary Chairman of the Board
Directors and Chief Executive
Officer
/s/ Xxxxxx X. Xxxxxx
----------------------------
Xxxxxx X. Xxxxxx
- 2 -
