Amendments to WGI Retention Agreements with Named Executives (August 20, 2002)
This document outlines amendments to retention agreements between WGI and four executives: Stephen M. Johnson, George H. Juetten, Ambrose L. Schwallie, and Thomas H. Zarges. The amendments update the terms of their retention bonuses, with Mr. Johnson's bonus prorated due to a period in 2001 when he was not employed by the company. The amendments ensure all other material terms remain consistent across the agreements. These changes are effective 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. Johnsons 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 Companys employ. Mr. Johnson returned to the employ of the Company on November 12, 2001.