Amendment No. 4 to El Paso Corporation Key Executive Severance Protection Plan

Summary

This amendment updates the El Paso Corporation Key Executive Severance Protection Plan by removing certain executives who are no longer eligible and adding a new executive, Douglas L. Foshee, as a participant effective September 2, 2003. The amendment is executed by the company's Senior Vice President of Human Resources and reflects changes approved by the Board through the Compensation Committee. The plan provides severance protection to listed key executives in the event of employment termination.

EX-10.N.1 3 h09449exv10wnw1.txt AMEND.NO.4 TO KEY EXECUTIVE SEVERANCE PROTECTION EXHIBIT 10.N.1 AMENDMENT NO. 4 TO THE EL PASO CORPORATION KEY EXECUTIVE SEVERANCE PROTECTION PLAN Pursuant to Section 8.1 of the El Paso Corporation Key Executive Severance Protection Plan, Amended and Restated effective as of August 1, 1998, as amended (the "Plan"), Appendix II of the Plan is hereby amended, as attached, to remove certain Executive Employees who are no longer active employees eligible to participate in the Plan and add an Executive Employee whose participation in the Plan has been approved by the Board through the Compensation Committee effective as of September 2, 2003. IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on the 2nd day of September, 2003. EL PASO CORPORATION By: /s/ Gary J. Konnie ----------------------------------- Gary J. Konnie Its Senior Vice President Human Resources Attest: /s/ David L. Siddall - -------------------------------- Corporate Secretary APPENDIX II EL PASO CORPORATION KEY EXECUTIVE SEVERANCE PROTECTION PLAN The following individuals are deemed to be participants in the Plan as of each individual's effective date of participation ("Effective Date of Participation"). Employee Effective Date of Participation Robert W. Baker November 7, 2002 Randy L. Bartley November 7, 2002 Stephen C. Beasley November 7, 2002 James J. Cleary November 7, 2002 Daniel F. Collins November 7, 2002 Bruce Connery November 7, 2002 John T. Elzner November 7, 2002 Rodney D. Erskine December 4, 2001 Douglas L. Foshee September 2, 2003 Greg G. Gruber November 7, 2002 John L. Harrison November 7, 2002 Peggy A. Heeg December 4, 2001 John J. Hopper November 7, 2002 Harvey R. Klingensmith November 7, 2002 Gary J. Konnie November 7, 2002 Charles W. Latch November 7, 2002 Daniel B. Martin November 7, 2002 Graciela E. Martinez November 7, 2002 Kevin J. McMichael November 7, 2002 D. Dwight Scott October 1, 2002 David L. Siddall November 7, 2002 Judy A. Vandagriff November 7, 2002 Gene W. Waguespack November 7, 2002 James C. Yardley November 7, 2002 David E. Zerhusen October 1, 2002 Acknowledged and Accepted the 2nd day of September, 2003. By: /s/ Gary J. Konnie --------------------------------- Gary J. Konnie Its Senior Vice President Human Resources