Amendment No. 1 to Employment Agreement Between Stewart Enterprises, Inc. and Randall L. Stricklin

Summary

This amendment updates the employment agreement between Stewart Enterprises, Inc. and Randall L. Stricklin. Effective July 14, 2005, Mr. Stricklin's title changes to Senior Vice President and President - Corporate Development, and his main work location will be in the New Orleans area. Starting August 1, 2005, his base salary is set at $300,000. For the 2006 fiscal year, he may earn a bonus of up to $150,000, subject to performance criteria set by the Compensation Committee. All other terms of the original agreement remain unchanged.

EX-10.4 5 h29565exv10w4.htm AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT - RANDALL L. STRICKLIN exv10w4  

Exhibit 10.4
Amendment No. 1 to
Appendix A to Employment Agreement
Between Stewart Enterprises, Inc.
and
Randall L. Stricklin
Base Salary, Bonus Compensation and Benefits
1.   Effective July 14, 2005, Employee’s title(s) shall be Senior Vice President and President - Corporate Development. Effective August 1, 2005, Employee’s Base Salary shall be $300,000, and Employee’s principal work location shall be the New Orleans, Louisiana metropolitan area.
 
2.   Paragraph 2 of Appendix A is unaffected by this amendment and remains in full force and effect.
 
3.   For Fiscal Year 2006, the Employee shall be eligible to receive a maximum Bonus of up to $150,000 based on such performance criteria as the Compensation Committee shall deem appropriate in its discretion.
         
  Agreed to and accepted:


STEWART ENTERPRISES, INC.
 
 
Date: October 11, 2005  By:   /s/JAMES W. MCFARLAND    
         James W. McFarland   
  Compensation Committee Chairman     
 
         
  EMPLOYEE
 
 
Date: October 11, 2005  /s/RANDALL L. STRICKLIN    
       Randall L. Stricklin   
     
 

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