{"id":39041,"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-csx-corp-and-john-w-snow.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-csx-corp-and-john-w-snow","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-csx-corp-and-john-w-snow.html","title":{"rendered":"Employment Agreement &#8211; CSX Corp. and John W. Snow"},"content":{"rendered":"<pre>                        AMENDMENT TO EMPLOYMENT AGREEMENT\n                        ---------------------------------\n\n\n               AMENDMENT, dated this 17th day of April, 1997, by and between CSX\nCORPORATION,  a  Virginia  corporation  (the  'Company')  and John W.  Snow (the\n'Executive').\n\n               WHEREAS  the  Company  and  the   Executive  are  parties  to  an\nEmployment  Agreement  dated  as  of  the  first  day  of  February,  1995  (the\n'Agreement');\n\n               WHEREAS  the  Company  and the  Executive  desire  to  amend  the\nAgreement  to deal  appropriately  with  the  transactions  contemplated  by the\nAgreement  and  Plan of  Merger  by and  among  Conrail,  Inc.,  a  Pennsylvania\ncorporation,  Green  Acquisition  Corp.,  a  Pennsylvania  corporation,  and the\nCompany dated as of October 14, 1996, as subsequently amended.\n\n               NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:\n\n               1.     Section 2 of the  Agreement  is amended  by  adding a  new\nclause f. at the end thereof to read in its entirety as follows:\n\n                      'f. Final  Regulatory  Action (as defined in Section 3.b.)\n        approving  the  merger  (the  'Conrail  Merger')   contemplated  by  the\n        Agreement and Plan of Merger by and among Conrail,  Inc., a Pennsylvania\n        corporation,  Green Acquisition Corporation, a Pennsylvania corporation,\n        and the Company dated as of October 14, 1996, as subsequently amended.'\n\n               2. Section 5.c. of the  Agreement is amended so that clause (iii)\nshall read in its entirety as follows:\n\n                      'other  than  in the  case  of  the  Conrail  Merger,  the\n        Company's  requiring the Executive to be based at any office or location\n        other than as provided in Section  4(a) (i) (B) hereof or the  Company's\n        requiring the Executive to travel on Company business to a substantially\n        greater extent than required immediately prior to the Effective Date;'\n\n               3. Section 5.c. of the  Agreement is further  amended by adding a\nnew  clause  (iii) at the end of the final  paragraph  thereof,  and such  final\nparagraph of Section 5.c. shall read in its entirety as follows:\n\n                      'Anything    in   this    Agreement    to   the   contrary\n        notwithstanding,  a termination by the Executive for any reason shall be\n        deemed to be a  termination  for Good  Reason for all  purposes  of this\n        Agreement  if such  termination  occurs  (i) in the case of a Change  of\n        Control that is not a Regulated Business Combination,  during the 30-day\n        period  immediately  following  the first  anniversary  of the Effective\n        Date,  (ii) in the  case of a  Change  of  Control  that is a  Regulated\n        Business  Combination  consummated  pursuant to Final Regulatory Action,\n        during the 30-day period immediately  following the first anniversary of\n        the Final Regulatory Action (it being understood that the Executive will\n        have no rights  under this  paragraph in the case of a Change of Control\n        that is a Regulated Business Combination (x) denied by the Agency or (y)\n        for any other reason not consummated within one year of Final Regulatory\n        Action,  or (iii) in the case of the Conrail  Merger,  during the 30-day\n        period  immediately  following  the  second  anniversary  of  the  Final\n        Regulatory Action approving the Conrail Merger.'\n\n               4. The  Agreement  shall  remain in full  force and effect in all\nother respects.  The Executive  acknowledges  that this Amendment does not alter\nthe Executive's rights under any other plan,  policy or  program of the Company,\nand the  Conrail Merger shall not  constitute a Change of Control under any such\nplan, program or policy.\n\n               IN  WITNESS   WHEREOF,   the   Executive  has  hereunto  set  the\nExecutive's hand and, pursuant to the authorization from its Board of Directors,\nthe  Company as caused  these  presents  to be  executed  in its name and on its\nbehalf, all as of the day and year first above written.\n\n\n\n                                            -----------------------------\n                                            John W. Snow\n\n                                            CSX CORPORATION\n\n\n\n                                            -----------------------------\n                                        By: Mark G. Aron\n                                            Executive Vice President-Law \n                                              and Public Affairs\n\n\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7241],"corporate_contracts_industries":[9524],"corporate_contracts_types":[9539,9544],"class_list":["post-39041","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-csx-corp","corporate_contracts_industries-transportation__railroads","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\/39041","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=39041"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39041"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39041"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}