AMENDMENT AGREEMENTEmployment Agreement • November 14th, 2003 • Cogentrix Energy Inc • Electric services
Contract Type FiledNovember 14th, 2003 Company IndustryThe Company and the Employee are parties to (i) an Amended and Restated Employment Agreement dated as of May 1, 1997, and amended on August 14, 2000, February 16, 2001, September 21, 2001, November 12, 2001 and September 26, 2003 (the "Employment Agreement"), covering the terms and conditions of the Employee's employment with the Company and (ii) a Profit-Sharing Agreement (the "Profit-Sharing Agreement") covering the terms and conditions of the Employee's participation in the Cogentrix Profit-Sharing Plan. The Company and the Employee desire to further amend the Employment Agreement and the Profit-Sharing Agreement in certain respects, and this Agreement sets forth such amendments. NOW, THEREFORE, in consideration of the Statement of Purpose and the mutual covenants and agreements herein contained, the parties hereto agree as follows: 1. Effectiveness of Agreement. This Agreement shall become effective upon, and only upon, (1) the "Closing" (as defined in that certain Share Purc