Amendment to Employment Agreement between Catalyst and James G. Stowers (May 30, 2000)

Summary

This letter agreement between Catalyst and James G. Stowers extends Mr. Stowers' employment as Vice President-Corporate Development on a month-to-month basis beyond May 31, 2000. He will continue to receive his current salary until Catalyst gives notice that his services are no longer needed. Compensation for restrictive covenants will begin after his employment ends and continue for four years, as previously agreed. All other terms of the original employment agreement remain unchanged.

EX-10.11 10 0010.txt EXHIBIT 10.11 May 30, 2000 Mr. James G. Stowers N2800 Filter Road Bangor, WI 54614 Via Facsimile and US Mail Dear Jim, Catalyst would like to modify your employment agreement dated October 23, 1998 (the "Agreement") to extend your employment with Catalyst beyond May 31, 2000. We would like you to remain in your position as Vice President- Corporate Development on a month to month basis until such time as Catalyst provides you with prior notice that your services will no longer be required. You will continue to be compensated at your existing annual salary rate during this extended time period. Compensation for Restrictive Covenants set forth in the Agreement shall commence on the date after your last day of employment with the Company and continue for a period of four years thereafter as provided for in the Agreement. All other terms and conditions set forth in the Agreement shall remain in full force and effect. Please indicate your acceptance of these terms by signing as indicated below. Sincerely, /s/ Sean P. McGowan Sean P. McGowan President and Chief Executive Officer Accepted: By: /s/ James G. Stowers ------------------------------ James G. Stowers Date: 5-3-2000