PROFIT-SHARING PLAN AGREEMENTProfit-Sharing Plan Agreement • November 14th, 2003 • Cogentrix Energy Inc • Electric services • North Carolina
THIS PROFIT-SHARING PLAN AGREEMENT (the "Agreement") dated as of August 14, 2003 among COGENTRIX ENERGY, INC. ("Employer") and James E. Lewis ("Employee") shall constitute the exclusive terms and conditions on which Employee may participate in the Cogentrix Profit-Sharing Plan (the "Profit-Sharing Plan") offered by Cogentrix to certain management-level employees. Employer hereby offers Employee participation in the Profit-Sharing Plan in accordance with the terms set forth herein in consideration for Employee's ability, loyalty, dedication and valuable service to Employer and for other good and valuable consideration the sufficiency of which is hereby mutually acknowledged: SECTION I. DEFINITIONS 1. Defined Terms. As used in this Agreement, the following terms have the following meanings (such definitions to be equally applicable to both singular and plural forms of the terms defined):
