Amendment to Executive Employment Agreement between Chesapeake Utilities Corporation and James F. Moriarty

Summary

Chesapeake Utilities Corporation and James F. Moriarty have agreed to amend their existing Executive Employment Agreement. This amendment extends the term of Mr. Moriarty's employment with the company through December 31, 2020. All other terms and conditions of the original agreement remain unchanged. The amendment is effective as of December 4, 2019.

EX-10.31 8 cpk12312019ex1031.htm EXHIBIT 10.31 Exhibit

AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

This Amendment to the Executive Employment Agreement (the “Amendment”) effective as of December 4, 2019, is hereby made by and between Chesapeake Utilities Corporation, a Delaware corporation (the “Company”), and James F. Moriarty (the “Executive”).

Background Information

The parties to this Amendment (the “Parties”) entered into an Executive Employment Agreement dated as of June 22, 2016 (the “Agreement”), regarding the Executive's employment relationship with the Company and previously extended the Current Term (as defined in the Agreement) through December 31, 2019. The Parties desire to amend the Agreement to memorialize a future extension of the Current Term through December 31, 2020.

Agreement

In consideration of the mutual promises and covenants contained herein, the Company and Executive hereby agree that the Current Term under the Agreement shall expire on December 31, 2020, subject to further extensions of the Current Term as provided under and in accordance with the terms of the Agreement. All other provisions of the Agreement shall remain unchanged.

CHESAPEAKE UTILITIES CORPORATION

[CORPORATE SEAL] By: ______________________________

Title: ______________________________

ATTEST:

Date: ______________________________

__________________________

EXECUTIVE:

Name: _____________________________

Date: _____________________________