AMENDMENT AGREEMENTAmendment 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 Executive Employment Agreement dated as of January 1, 1994, and amended on February 16, 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 Employee is also a participant in the Cogentrix Energy, Inc. Select Management Committee Members Transaction Bonus Program (the "Program"). The Company and the Employee desire to further amend the Employment Agreement, the Profit-Sharing Agreement and the Program 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. Th
AMENDMENT AGREEMENTAmendment 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 Executive Employment Agreement dated as of January 1, 1999, and amended on February 16, 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, (i) the "Closing" (as defined in that certain Share Purchase Agreement dated as of October 17, 200