{"id":38905,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/employment-agreement-alexander-amp-baldwin-inc-and-robert-j.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-alexander-amp-baldwin-inc-and-robert-j","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-alexander-amp-baldwin-inc-and-robert-j.html","title":{"rendered":"Employment Agreement – Alexander & Baldwin Inc. and Robert J. Pfeiffer"},"content":{"rendered":"
                            AMENDMENT TO EMPLOYMENT AGREEMENT\n                            ---------------------------------\n\n\n               AMENDMENT (this 'Amendment'), dated as of October 22, 1998, to\n                                ---------\nthe Employment Agreement (the 'Employment Agreement') by and between \n                               --------------------\nAlexander &Baldwin, Inc., a Hawaii corporation ('A&B'), and Robert J. Pfeiffer\n                                                 ---\n (the 'Executive'), dated as of July 27, 1998.\n       ---------\n\n               WHEREAS, effective July 27,1998, A&B and the Executive entered\ninto the Employment Agreement which provided, among other things, for the\nExecutive to serve as Chairman of the Board, President and Chief Executive\nOfficer of A&B, and as Chairman of the Boards of Directors of A&B's principal\nsubsidiaries, Matson Navigation Company, Inc. ('Matson'), A&B-Hawaii, Inc.\n                                                ------\n('ABHI'), California and Hawaiian Sugar Company, Inc. ('C&H') and A&B\n  ----                                                  ---\nProperties, Inc. ('A&B Properties'); and\n                   --------------\n\n               WHEREAS, among the Executive's goals in entering into the\nEmployment Agreement were the mentoring of senior executives of A&B and its\nsubsidiaries and working with the Board of Directors of A&B (the 'Board') to\n                                                                  -----\nidentify a successor Chief Executive Officer in the event that John C.\nCouch was unable to return to his prior positions as Chairman of the Board,\nPresident and Chief Executive Officer of A&B; and\n\n               WHEREAS, on October 22, 1998, the Board, acting, with the\nassistance of the Executive, appointed a successor President and Chief\nExecutive Officer of A&B; and\n\n               WHEREAS, in light of the fact that the Executive, on October 22,\n1998, voluntarily relinquished the positions of President and Chief Executive\nOfficer of A&B and Chairman of the Board of Directors of A&B Properties, while\ncontinuing to serve as Chairman of the Boards of Directors of A&B, Matson,\nABHI  and C&H, A&B and the Executive desire to amend the Employment Agreement\nin certain respects.\n\n               NOW, THEREFORE, A&B and the Executive agree to amend the\nEmployment Agreement as follows:\n\n               1.   Position and Duties. (a) Section 2(b) of the Employment\n                    -------------------\nAgreement is hereby amended by deleting subsection (i) thereof in its\nentirety and inserting in lieu thereof the following:\n\n     '(i) During the Term, the Executive shall serve as Chairman of the Board\n     of A&B, and he shall have such duties and responsibilities consistent with\n     such position as may be assigned to him from time to time by the Board.\n     Among such duties and responsibilities shall be the mentoring of senior\n     executives of A&B and its subsidiaries.  During the Term, the Executive\n     shall also serve as Chairman of the Boards of Directors of Matson, ABHI\n     and C&H (for so long as A&B shall hold a controlling interest in C&H).'\n\n               (b)  Section 2(b) of the Employment Agreement is hereby amended\nby deleting from subsection (ii) thereof the first sentence and inserting in\nlieu thereof the following:\n\n     'During the Term and excluding any periods of vacation and sick leave to\n     which the Executive is entitled, the Executive agrees to devote such\n     attention and time during normal business hours as shall be reasonably\n     necessary to perform his duties hereunder.'\n\n               2.   Miscellaneous. (a) This Amendment constitutes a written\n                    -------------\n         amendment to the Employment Agreement executed by the parties thereto\nas contemplated by Section 7(a) of the Employment Agreement.\n\n               (b)  The captions of this Amendment are not part of the\nprovisions hereof and shall have no force or effect.\n\n               (c)  This Amendment shall be governed by and construed in\naccordance with the laws of the State of Hawaii, without reference to\nprinciples of conflicts of laws.\n\n               (d)  This Amendment may be executed in counterparts, each of\nwhich together shall constitute one and the same instrument.\n\n               3.   Full Force and Effect.  The Employment Agreement, as\n                    ---------------------\namended by this Amendment, shall remain in full force and effect.  In addition,\nas provided in Section 2(a) of the Employment Agreement, all of the Executive's\nand A&B's rights and obligations under the Second Amended and Restated\nEmployment Agreement dated as of October 25, 1990 between the Executive and A&B\nshall remain in full force and effect.\n\n               IN WITNESS WHEREOF, this Amendment has been duly executed by A&B\nand the Executive on this 10th day of December, 1998, effective as of October\n22, 1998.\n\n                               ALEXANDER & BALDWIN, INC.\n\n                              By: \/s\/ Charles M. Stockholm\n                                 Name: Charles M. Stockholm\n                                 Title: Chairman, Compensation and\n                                        Stock Option Committee\n\n                              \/s\/ Robert J. Pfeiffer\n                              ROBERT J. PFEIFFER\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[6618],"corporate_contracts_industries":[9526],"corporate_contracts_types":[9539,9544],"class_list":["post-38905","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-alexander---baldwin-inc","corporate_contracts_industries-transportation__shipping","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38905","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=38905"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38905"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38905"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}