Amendment No. 1 to the El Paso Corporation Deferred Compensation Plan

Summary

El Paso Corporation has amended its Deferred Compensation Plan, terminating the plan effective November 7, 2002. All participants will receive payments equal to their account balances, including any interest, income, expenses, gains, or losses accrued up to November 15, 2002. Payments will be made as soon as administratively possible, in accordance with the plan's terms. This amendment is executed by the company's executive vice president and corporate secretary.

EX-10.M.1 9 h01594exv10wmw1.txt AMEND.NO.1 TO DEFERRED COMPENSATION PLAN EXHIBIT 10.M.1 AMENDMENT NO. 1 TO THE EL PASO CORPORATION DEFERRED COMPENSATION PLAN Pursuant to Section 5.9 of the El Paso Corporation Deferred Compensation Plan, Amended and Restated effective as of June 13, 2002 (the "Plan"), the Plan is hereby terminated effective as of November 7, 2002 (the "Termination Date"), and payment of an amount equal to each Participant's Memorandum Account, plus interest, income, expense, gain or loss, as applicable, on the outstanding account balance to November 15, 2002 shall be made to the Participants as provided for under the Plan as soon as administratively possible. IN WITNESS WHEREOF, the Company has caused this amendment to be duly executed on this 7th day of November, 2002. EL PASO CORPORATION By: /s/ David E. Zerhusen ------------------------------------ David E. Zerhusen Its Executive Vice President Administration ATTEST: By: /s/ David L. Siddall ------------------------------- Title: Corporate Secretary