Amendment No. 1 to Severance Agreement between York International Corporation and Executive

Summary

This amendment updates a severance agreement between York International Corporation and an executive. It changes references in Section 6.1(A)(ii) from "Annual EV Amount" to "Annual Target Bonus" and updates the incentive compensation plan from the 1996 to the 2002 plan. All other terms of the original agreement remain unchanged. The amendment is effective as of May 23, 2002.

EX-10.3 7 w62242exv10w3.txt FORM OF AMEND. NO. 1 TO SEVERANCE AGREEMENT Exhibit 10.3 AMENDMENT NO. 1 TO SEVERANCE AGREEMENT This Amendment No. 1 is made to that Severance Agreement by and between York International Corporation, a Delaware corporation (the "Company"), and _______________________________________ (the "Executive"), dated as of ____________________ (the "Agreement"), and is effective as of May 23, 2002. The parties hereto, intending to be legally bound, hereby agree as follows: 1. Section 6.1(A) (ii) of the Agreement shall be modified by deleting the term "Annual EV Amount" each time it appears and substituting the term "Annual Target Bonus," and by deleting the term "1996 Incentive Compensation Plan" and substituting "2002 Incentive Compensation Plan." 2. All other provisions of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment No. 1 to Severance Agreement as of the day and year first above written. _____________________________________ YORK INTERNATIONAL CORPORATION By:__________________________________