Amendment No. 1 to Employment Agreement between Quanta Services, Inc. and John R. Colson

Summary

This amendment, effective June 1, 2002, modifies the employment agreement between Quanta Services, Inc. and John R. Colson. It removes a provision that allowed the employee to terminate the agreement for any reason within 30 days after the six-month anniversary of the agreement's effective date and have it treated as a termination for 'Good Reason.' All other terms of the original employment agreement remain unchanged.

EX-10.42 10 h02158exv10w42.txt AMEND.NO.1 TO EMPLOYMENT AGREEMENT-JOHN R. COLSON Exhibit 10.42 AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT THIS AMENDMENT NO. 1 to Employment Agreement dated March 13, 2002, by and between Quanta Services, Inc., a Delaware corporation, and its affiliates (collectively "Employer"), and John R. Colson ("Employee"), is hereby entered into this 1st day of June, 2002. WHEREAS, Employer and Employee entered into an Employment Agreement on March 13, 2002 (the "Employment Agreement"); and WHEREAS, Employer and Employee desire to amend the terms of the Employment Agreement; NOW, THEREFORE, Employer and Employee agree as follows: 1. Section 5(c) of the Employment Agreement is amended to remove the following language: Anything in this Agreement to the contrary notwithstanding, a termination by the Employee for any reason during the 30-day period immediately following the six-month anniversary of the Effective Date shall be deemed to be a termination for Good Reason for all purposes of this Agreement. 2. Any provisions of the Employment Agreement not specifically amended herein shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto set their hand the day and year first above written. EMPLOYER: EMPLOYEE: QUANTA SERVICES, INC. JOHN R. COLSON By: /s/ PETER T. DAMERIS By: /s/ JOHN R. COLSON ---------------------------------- ---------------------------------- Peter T. Dameris, COO John R. Colson