First Supplement to Employment Agreement Between Stewart Enterprises, Inc. and G. Kenneth Stephens, Jr.

Contract Categories: Human Resources › Employment Agreements
Summary

This supplement updates the employment agreement between Stewart Enterprises, Inc. and G. Kenneth Stephens, Jr. Effective February 1, 2002, Mr. Stephens will serve as Senior Vice President and President - Eastern Division, with a base salary of $275,000 and a primary work location in the Washington, D.C. area. For fiscal year 2002, he is eligible for a bonus of up to $268,750. Other terms of the original agreement remain unchanged.

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EX-10.7 9 d96915exv10w7.txt EX-10.7 EMPLOYMENT AGRMT SUPPLEMENT-G. STEPHENS JR EXHIBIT 10.7 FIRST SUPPLEMENT TO APPENDIX A TO EMPLOYMENT AGREEMENT BETWEEN STEWART ENTERPRISES, INC. AND G. KENNETH STEPHENS, JR. BASE SALARY, BONUS COMPENSATION AND BENEFITS 1. Effective February 1, 2002, Employee's title(s) shall be Senior Vice President and President - Eastern Division, Employee's Base Salary shall be $275,000, and Employee's principal work location shall be the Washington, D.C. metropolitan area. 2. For Fiscal Year 2002 ("FY 2002"), the Employee shall be eligible to receive a Bonus of up to $268,750. [Items 2(a) through (c) and 3 are unaffected by this Supplement.] Agreed to and accepted: STEWART ENTERPRISES, INC. Date: April __, 2002 By: --------------------------------------- James W. McFarland Compensation Committee Chairman EMPLOYEE: Date: April __, 2002 ------------------------------------------ G. Kenneth Stephens, Jr.