Amendment No. 1 to Employment and Compensation Agreement between ChoicePoint, Inc. and Derek V. Smith

Summary

This amendment updates the employment and compensation agreement between ChoicePoint, Inc. and Derek V. Smith, effective February 4, 2003. It changes the compensation terms related to financial planning and tax preparation benefits, replacing a previous reference to a maximum amount under proxy disclosure rules with a fixed amount of $100,000. The amendment is signed by both the company and the executive and applies to all years ending on or after December 31, 2002.

EX-10.7 3 g81483exv10w7.txt EX-10.7 AMENDMENT #1 TO EMPLOYMENT AGREEMENT EXHIBIT 10.7 AMENDMENT NO. 1 TO THE EMPLOYMENT AND COMPENSATION AGREEMENT BETWEEN CHOICEPOINT INC. AND DEREK V. SMITH DATED APRIL 25, 2002 Pursuant to the action of the Management Compensation and Benefits Committee taken on February 4, 2003, the Employment and Compensation Agreement between ChoicePoint, Inc. and Derek V. Smith dated April 25, 2002, is hereby amended as of February 4, 2003, effective for all years ending on or after 12/31/02, to delete on Exhibit B, Compensation, Benefits and Severance the phrase "Maximum amount under proxy disclosure rules" from the column Amount, and next to the Benefit - Financial Planning/Tax Preparation and replace it with the amount of $100,000. Employer CHOICEPOINT, INC. By: /s/ Ken Langone ---------------------------- Name: Ken Langone -------------------------- Title: Chairman: Management Compensation and Benefits Committee ------------------------- EXECUTIVE: /s/ Derek V. Smith ---------------------