Amendments to WGI Retention Agreements with Named Executives (August 20, 2002)
This document outlines amendments to retention agreements between WGI and its named executives: Stephen M. Johnson, George H. Juetten, Ambrose L. Schwallie, and Thomas H. Zarges. The amendments primarily address the terms of retention bonuses, with Mr. Johnson's bonus being prorated due to his period of absence from the company in early 2001. The agreements are otherwise identical in material terms and are intended to clarify or modify the executives' retention arrangements as of August 20, 2002.
SCHEDULE TO EXHIBIT 10.22.2
AMENDMENTS TO WGI RETENTION AGREEMENTS
WITH NAMED EXECUTIVES
EACH DATED AS OF AUGUST 20, 2002
Stephen M. Johnson
George H. Juetten
Ambrose L. Schwallie
Thomas H. Zarges
NOTE: The Amendment to Mr. Johnson’s Retention Agreement is identical in all materials terms to those entered into with Messrs Juetten, Schwallie and Zarges, with the exception that his Retention Bonus is prorated to allow for the time during early 2001 when he was not in the Company’s employ. Mr. Johnson returned to the employ of the Company on November 12, 2001.
