Amendment No. 4 to Employment Agreement between Insituform Technologies, Inc. and Robert W. Affholder

Summary

This amendment extends the employment agreement between Insituform Technologies, Inc. and Robert W. Affholder, originally signed in 1995 and previously amended three times. The new amendment changes the employment term so that it now continues until December 31, 2002. All other terms of the original agreement remain unchanged. The amendment is effective as of December 31, 2001, and is signed by both parties.

EX-10.6 4 c68234ex10-6.txt EMPLOYMENT AGREEMENT - ROBERT W. AFFHOLDER EXHIBIT 10.6 AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 4 TO EMPLOYMENT AGREEMENT ("AMENDMENT NO. 4") is made as of the date set forth below by and between INSITUFORM TECHNOLOGIES, INC., a Delaware corporation (the "COMPANY"), and ROBERT W. AFFHOLDER (the "EMPLOYEE"). Recitals A. The Company and Employee entered into an Employment Agreement dated October 25, 1995, as amended as of October 25, 1998, as of December 31, 1999, and as of December 31, 2000 (collectively, the "AMENDED AGREEMENT"). B. The Company and Employee desire to extend the term of the Amended Agreement as provided herein. NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows: 1. Paragraph A of Section II of the Amended Agreement is hereby deleted in its entirety and replaced with the following: "A. Subject to the provisions of this Agreement hereinafter contained, for purposes of this Agreement the period (herein referred to as the "Employment Term") of the Employee's obligations under Section I hereof shall commence on the date hereof and continue until December 31, 2002." 2. Except as set forth herein, the Amended Agreement shall remain in full force and effect and continue to bind the parties hereto. This Amendment No. 4 contains the entire agreement of the parties with respect to the subject matter herein and supersedes all other understandings, oral or written, with respect thereto. This Amendment No. 4 may be executed in counterparts, each of which shall constitute one and the same agreement. IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 4 as of December 31, 2001. EMPLOYEE: COMPANY: INSITUFORM TECHNOLOGIES, INC. /s/ Robert W. Affholder By: /s/ Anthony W. Hooper - --------------------------------- ------------------------------------- Robert W. Affholder Anthony W. Hooper, Chairman, President and Chief Executive Officer