Amendment to Form of Change of Control Agreement
AMENDMENT TO CHANGE OF CONTROL AGREEMENT
This AMENDMENT TO CHANGE OF CONTROL AGREEMENT by and between CSX CORPORATION, a Virginia corporation (the Company), and Name (the Executive), is dated as of the day of May, 2020 (the Amendment).
WHEREAS, the parties entered into a Change of Control Agreement dated as of May 15, 2017 (the Agreement), that sets forth the terms and conditions of the Executives compensation and benefit arrangements upon a Change of Control of the Company; and
WHEREAS, the parties desire to amend the Agreement on the terms and conditions contained herein.
NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows:
Section 1(b) of the Agreement is hereby modified in its entirety to read as follows: The Term means the period commencing on May 16, 2020 and ending on the earlier to occur of (i) May 15, 2023, (ii) retirement or (iii) termination of employment absent a Change of Control; provided, however, that the Term shall end on an earlier date if the Company gives the Executive at least one years advance written notice thereof.
Section 2(b) of the Agreement is hereby modified to replace the date hereof with May 16, 2020.
Except as modified hereby, the Agreement shall continue unmodified and in full force and effect.
This Amendment may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first-above written.
(Employee ID: xxxxxx)