FIRSTAMENDMENT TO THE ALLIANCE RESOURCE MANAGEMENT GP, LLC SHORT-TERM INCENTIVE PLAN
Exhibit 10.52
FIRSTAMENDMENT
TO THE
ALLIANCE RESOURCE MANAGEMENT GP, LLC
SHORT-TERM INCENTIVE PLAN
WHEREAS, Alliance Resource Management GP, LLC (the Company) maintains the Alliance Resource Management GP, LLC Amended and Restated Short-Term Incentive Plan (the Plan); and
WHEREAS, the Company desires to transfer sponsorship of the Plan to Alliance Coal, LLC (Coal); and
WHEREAS, Coal desires to accept the transfer of the sponsorship of the Plan;
NOW, THEREFORE, effective as of May 15, 2006 sponsorship of the Plan is hereby transferred to Coal, including, without limitation, the Guidelines under the Plan, and the Plan is amended by replacing Alliance Resource Management GP, LLC with Alliance Coal, LLC in all places in the Plan in which Alliance Resource Management GP, LLC appears, including, without limitation, in the title of the Plan.
EXECUTED this 24th day of January 2007, effective for all purposes as of May 15, 2006.
ALLIANCE RESOURCE MANAGEMENT GP, LLC | ||
By: | /s/ Thomas L. Pearson | |
Name: | Thomas L. Pearson | |
Title: | Senior Vice President | |
ALLIANCE COAL, LLC | ||
By: | /s/ Thomas L. Pearson | |
Name: | Thomas L. Pearson | |
Title: | Senior Vice President |