Amendment to Employment and Change in Control Agreements for John P. Hester
This amendment updates the employment and change in control agreements for John P. Hester, specifying his minimum annual base salary, incentive compensation percentage, additional SERP points, and severance benefits. If his employment ends under certain conditions, he is entitled to severance benefits for up to 18 months and a lump-sum salary benefit equal to 24 months in the event of a change in control. The agreement outlines key compensation and benefit terms for Mr. Hester's role as an officer.
EXHIBIT 10.19
SIGNIFICANT TERMS OF EMPLOYMENT AND CHANGE IN CONTROL AGREEMENTS
BY INDIVIDUAL OFFICER
(The form of agreements was filed as an exhibit to the Form 10-Q for the period ended September 30, 2000. The list filed as part of that exhibit has been updated to include the following Officer.)
| Minimum annual base salary | Incentive compensation percentage | Additional SERP points | Severance benefits maximum months | Change in control lump-sum salary benefit | ||||||
| John P. Hester | $175,000 | 75% | 10 points | 18 months | 24 months |
