Amendment to Employment Agreement between Northeast Utilities Service Company and John H. Forsgren

Summary

This amendment, dated September 19, 2001, updates the employment agreement between Northeast Utilities Service Company and John H. Forsgren. It ensures that Mr. Forsgren's annual base salary cannot be reduced below $550,000 after September 1, 2001, without his written consent. It also clarifies certain language regarding compensation in the event of a change of control. Both parties have agreed to these changes as of the amendment date.

EX-10.44.7 9 grisforsgagmtamend10447.txt AMENDMENT TO EMPLOYMENT AGREEMENT AMENDMENT TO EMPLOYMENT AGREEMENT This Amendment, dated as of September 19, 2001, is to the Employment Agreement, dated as of February 25, 1997, by and between Northeast Utilities Service Company (the "Company") and John H. Forsgren ("Executive"), as amended. A. The following sentence is added at the end of Section 1.4 of the Agreement: "Executive's annual Base Salary shall not be reduced below $550,000 after September 1, 2001 without Executive's written consent." B. The words "due hereunder" in Section 6.1(f)(ii) are amended to read "as in effect immediately prior to the Change of Control". IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written. NORTHEAST UTILITIES SERVICE COMPANY By:/s/ Gregory B. Butler Its Vice President, General Counsel and Secretary EXECUTIVE _______________________ John H. Forsgren