Amendment No. 1 to Employment Agreement between KCS Energy, Inc. and William N. Hahne
This amendment updates the employment agreement between KCS Energy, Inc. and William N. Hahne, originally dated December 1, 2001. The main change extends the period during which a "Change in Control" provision applies, moving the end date from August 31, 2004, to August 31, 2006. All other terms of the original agreement remain unchanged and in effect. Both parties must sign to confirm acceptance of this amendment.
EXHIBIT 10.2
Effective Date: August 1, 2004
Re: Amendment No. 1 to Employment Agreement
Dear Mr. Hahne:
When countersigned by you, this letter will serve as an amendment (referred to here as “Amendment No. 1”) to your existing employment agreement with KCS Energy, Inc. (the “Company”) dated December 1, 2001 (the “Original Agreement”).
1. “Change in Control” Provision. Section 11.1 of the Original Agreement is amended by deleting the words “after the date of this Agreement and on or before August 31, 2004 (but not thereafter)” and substituting therefor the words “after the date of this Agreement and on or before August 31, 2006 (but not thereafter)”.
2. Original Agreement Ratified. In all other respects, the Original Agreement remains in effect, and is ratified by you and by the Company.
* * *
Please sign below and return a signed copy to the Company to confirm your agreement with this Amendment No. 1.
Very truly yours,
KCS Energy, Inc.
/s/ James Christmas
Chairman and Chief Executive Officer
Accepted and agreed to:
/s/ William N. Hahne
