{"id":38711,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/consulting-services-agreement-enron-corp-and-john-a-urquhart10.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"consulting-services-agreement-enron-corp-and-john-a-urquhart10","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/consulting-services-agreement-enron-corp-and-john-a-urquhart10.html","title":{"rendered":"Consulting Services Agreement &#8211; Enron Corp. and John A. Urquhart"},"content":{"rendered":"<pre>\n      FOURTH AMENDMENT TO CONSULTING SERVICES AGREEMENT\n\n     This Agreement, made and entered into and effective as\nof the 9th day of May, 1994 (the 'Effective Date'), by and\namong John A. Urquhart, whose address is 111 Beach Road,\nFairfield, Connecticut 06430 ('Consultant'), Enron Corp., a\nDelaware corporation ('Enron' or 'Company'), and Enron Power\nCorp., a Delaware corporation ('EPC'), is an amendment to\nthat certain Consulting Services Agreement entered into\namong the parties and effective as of the first day of\nAugust, 1991.\n\n     WHEREAS, the parties desire to amend the Consulting\nServices Agreement;\n\n     NOW, THEREFORE, in consideration of the Consultant's\ncontinued engagement with Company and of the covenants\ncontained herein, the parties agree as follows:\n\n     1.   The parties agree that the Term of the Consulting\nServices Agreement is extended through December 31, 1995.\n\n     2.   Effective August 1, 1994, section (3) A of the\nConsulting Services Agreement is deleted and the following\nis inserted in its place:\n\n     'A.  During the term of this Agreement, Consultant\n          shall be paid a fee of Forty Thousand Dollars\n          ($40,000.00) per month (the 'Fee').  If or when\n          the number of days in the twelve month period for\n          which Consultant provides consulting services\n          hereunder exceeds the Consulting Time, then\n          Consultant shall be paid a daily rate of Four\n          Thousand Dollars ($4,000.00; 'Additional\n          Remuneration'); provided however, for the period\n          from August 1, 1995 until December 31, 1995, such\n          daily Additional Remuneration shall be paid to the\n          Consultant if or when the number of such days\n          exceeds fifty (50) days.  The Fee shall be paid by\n          Company to Consultant on a monthly basis, on or\n          before the 10th day of the month following each\n          calendar month in the term of this Agreement.'\n     \n     3.   Paragraph 1 of section (3) E of the Consulting\nServices Agreement provides for a grant to the Consultant of\nTwenty One Thousand (21,000) Phantom Units in the form of\nand pursuant to the provisions of Attachment I thereto dated\nAugust 1, 1991, between Enron Corp. and Consultant (the\n'First Phantom Unit Agreement And Grant').  The number of\nPhantom Units has been adjusted to be, as of the Effective\nDate, Eighty Four Thousand (84,000) Phantom Units, and the\nGrant Price of each Phantom Unit is Fifteen and 25\/100\nDollars ($15.25).  On the Effective Date, section 5 of the\nFirst Phantom Unit Agreement and Grant is deleted and the\nfollowing is inserted in its place:\n     \n     '5.  Term of Grant.  Except as provided in Section 4\n     above, this Grant shall not be exercisable after\n     December 31, 1995.'\n     \n     4.   Paragraph 2 of section (3) E of the Consulting\nServices Agreement is rescinded and deleted, and Consultant\nirrevocably waives and renounces all of Consultant's rights\nand claims to the Completion Bonus provided for therein.\n     \n     5.   Section (3) I of the Consulting Services Agreement\nprovides for a grant to the Consultant of Forty Six Thousand\n(46,000) Phantom Units in the form of and pursuant to the\nprovisions of the Phantom Unit Agreement and Grant dated\nFebruary 26, 1993 between Enron Corp. and Consultant (the\n'Second Phantom Unit Agreement and Grant').  The number of\nPhantom Units has been adjusted to be, as of the Effective\nDate, Ninety Two Thousand (92,000) Phantom Units, and the\nGrant Price of each Phantom Unit is Twenty Eight and\n125\/1000 Dollars ($28.125).  On the Effective Date, section\n5 of the Second Phantom Unit Agreement and Grant is deleted\nand the following is inserted in its place:\n     \n     '5.  Term of Grant.  Except as provided in Section 4\n     above, this Grant shall not be exercisable after\n     December 31, 1995.'\n     \n     6.    This  Agreement is an amendment to the Consulting\n     Services  Agreement  as  previously  amended,  and  the\n     parties  agree  that  all other terms,  conditions  and\n     stipulations  contained  in  said  Consulting  Services\n     Agreement  and  the previous amendments  thereto  shall\n     remain  in full force and effect and without any change\n     or modification, except as provided herein.\n     \n          IN WITNESS WHEREOF, the parties have duly executed\n     this Agreement as of the date first above written.\n     \n                              ENRON CORP.\n     \n     \n                              By:  RICHARD D. KINDER\n                              Name:  Richard D. Kinder\n                              Title:  President &amp; COO\n\n\n                              ENRON POWER CORP.\n\n\n                              By:  PEGGY B. MENCHACA\n                              Name:  Peggy B. Menchaca\n                              Title: Vice  President &amp; Secretary\n\n\n                              JOHN A. URQUHART\n\n                              JOHN A. URQUHART\n\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7454],"corporate_contracts_industries":[9535],"corporate_contracts_types":[9539,9541],"class_list":["post-38711","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-enron-corp","corporate_contracts_industries-utilities__gas","corporate_contracts_types-compensation","corporate_contracts_types-compensation__consulting"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38711"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38711"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38711"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}