First Amendment to Executive Employment Agreement between EOTT Energy Corp. and Molly M. Sample

Summary

EOTT Energy Corp. and Molly M. Sample have amended their Executive Employment Agreement, originally effective December 1, 2000. This amendment replaces Exhibit A, updating the terms of employment, including position, location, salary, and eligibility for bonus and long-term incentives. All other terms of the original agreement remain unchanged. The agreement confirms Molly M. Sample's role as General Counsel in Houston, Texas, with a specified minimum monthly salary and potential for bonuses and long-term incentives, subject to company plans and board approval.

EX-10.52 19 h04843exv10w52.txt FORM OF 1ST AMEND. TO EXEC. EMP. AGMT.- M. SAMPLE EXHIBIT 10.52 FIRST AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT This Agreement, entered into and made effective as of July 29, 2002, by and between EOTT ENERGY CORP., a Delaware corporation ("EOTT") having its headquarters at 2000 W. Sam Houston Parkway, S., Suite 400 Houston, Texas 77042 and MOLLY M. SAMPLE ("Employee"), is an amendment to that certain Executive Employment Agreement between the EOTT and Employee entered into the 19th day of January, 2001, and made effective as of December 1, 2000 (the "Employment Agreement"). WHEREAS, the parties desire to amend the Employment Agreement as provided herein; NOW, THEREFORE, in consideration thereof and of the mutual covenants contained herein, the parties agree as follows: 1. Exhibit "A" to the Employment Agreement is hereby deleted in its entirety and the attached Exhibit "A" is inserted in its entirety. This Amendment is a First Amendment to the Employment Agreement, and the parties agree that all other terms, conditions and stipulations contained in the Employment Agreement, and any amendments thereto, shall remain in full force and effect and without any change or modification, except as provided herein. IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above written. EOTT ENERGY CORP. By: ______________________________ Name: Dana R. Gibbs Title: President & Chief Operating Officer This _____ day of ______________, 2002 MOLLY M. SAMPLE ___________________________________ This ____ day of ________________, 2002 EXHIBIT "A" TO EXECUTIVE EMPLOYMENT AGREEMENT BETWEEN EOTT ENERGY CORP. AND MOLLY M. SAMPLE Employee Name: Molly M. Sample Term: December 1, 2000 through December 31, 2003 Position: General Counsel Location: Houston, Texas Monthly Base Salary: Employee's monthly base salary shall not be less than Ten Thousand Eight Hundred Thirty-Three and Thirty-Three/100 Dollars ($10,833.33). Bonus: Employee may be eligible to participate in the EOTT Energy Corp. Annual Incentive Plan ("Plan") or any appropriate replacement bonus plan of Employer. All bonuses are discretionary and shall be paid in accordance with the terms and provisions of the Plan. Long Term Incentives: As recommended and approved in any EOTT Energy Long Term Incentive Plan(s) by the Board of Directors of EOTT Energy Corp. EOTT ENERGY CORP. By: ________________________________________________ Name: Dana R. Gibbs Title: President and Chief Operating Officer This ___ day of _______________, 2002 MOLLY M. SAMPLE ____________________________________________ This ___ day of _____________, 2002 -2-