First Supplement to Employment Agreement Between Stewart Enterprises, Inc. and Michael K. Crane

Contract Categories: Human Resources › Employment Agreements
Summary

This supplement updates the employment agreement between Stewart Enterprises, Inc. and Michael K. Crane. Effective February 1, 2002, Mr. Crane's titles will be Senior Vice President and President - Central Division, with a base salary of $250,000 and a primary work location in the New Orleans, Louisiana area. For fiscal year 2002, he is eligible for a bonus of up to $243,350. Other terms of the original agreement remain unchanged.

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EX-10.9 11 d96915exv10w9.txt EX-10.9 EMPLOYMENT AGRMT SUPPLEMENT-M. CRANE EXHIBIT 10.9 FIRST SUPPLEMENT TO APPENDIX A TO EMPLOYMENT AGREEMENT BETWEEN STEWART ENTERPRISES, INC. AND MICHAEL K. CRANE BASE SALARY, BONUS COMPENSATION AND BENEFITS 1. Effective February 1, 2002, Employee's title(s) shall be Senior Vice President and President - Central Division, Employee's Base Salary shall be $250,000, and Employee's principal work location shall be the New Orleans, Louisiana metropolitan area. 2. For Fiscal Year 2002 ("FY 2002"), the Employee shall be eligible to receive a Bonus of up to $243,350. [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 ------------------------------------------ Michael K. Crane