Third Amendment to Employment Agreement between ICO, Inc. and Sylvia A. Pacholder

Summary

This amendment updates the employment agreement between ICO, Inc. and Sylvia A. Pacholder, originally dated April 1, 1995. The main change extends certain terms in the agreement from three years to five years and clarifies language regarding the year of termination. All other terms of the original agreement remain in effect. The amendment is signed by both the executive and an authorized company representative.

EX-10.21 3 h84150ex10-21.txt AMEND.TO EMPLOYMENT AGREEMENT - SYLVIA A PACHOLDER 1 EXHIBIT 10.21 THIRD AMENDMENT TO EMPLOYMENT AGREEMENT The Employment Agreement (the "Agreement") between ICO, Inc., a Texas corporation (the "Company") and Sylvia A. Pacholder (the "Executive") dated April 1, 1995, as amended by the First Amendment to Employment Agreement dated June 14, 1996 and as amended by the Second Amendment to Employment Agreement dated February 7, 1997, is amended hereby as follows: Paragraph 6(b) of the Agreement is amended to replace the words "three-year" in the first sentence thereof with "five-year." Paragraph 6(d)(i)(C) of the Agreement is amended to replace the first word thereof "three" with "five." Paragraph 6(d)(iv) of the Agreement is amended to replace the fourth word thereof "three" with "five." Paragraph 6(d)(i)(B) of the Agreement is amended to replace the words "a particular year" in the fourth line thereof with "the particular year in which the termination occurs." Except as amended by this Third Amendment, all other provisions of the Agreement, as amended to date, hereby are ratified and affirmed. In witness whereof, the Executive has set her hand hereunto, and, pursuant to the authorization from the Compensation Committee of the Board of Directors, the Company has caused these presents to be executed in its name on its behalf, this 4th day of September, 1998. /s/ Sylvia A. Pacholder ----------------------------------- Sylvia A. Pacholder ICO, Inc. By: /s/ Jon C. Biro ------------------------------- Name: Jon C. Biro ----------------------------- Title: Sr. Vice President/Treasurer ----------------------------