{"id":39112,"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-enron-corp-and-james-v-derrick-jr.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-enron-corp-and-james-v-derrick-jr","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-enron-corp-and-james-v-derrick-jr.html","title":{"rendered":"Employment Agreement &#8211; Enron Corp. and James V. Derrick Jr."},"content":{"rendered":"<pre>\n           FIRST AMENDMENT TO EMPLOYMENT AGREEMENT\n\n\n     This Agreement, entered into and made effective as of\nMay 2, 1994, by and between Enron Corp. ('Company'), a\nDelaware corporation having its headquarters at 1400 Smith\nStreet, Houston, Texas 77002, and James V. Derrick, Jr.\n('Employee'), an individual residing in Houston, Texas, is\nan amendment to that certain Employment Agreement between\nthe parties entered into the 17th day of June, 1991, and\nmade effective as of June 16, 1991 (the 'Employment\nAgreement').\n\n     WHEREAS, the parties desire to amend the Employment\nAgreement as provided herein;\n\n     NOW, THEREFORE, for and in consideration of the mutual\ncovenants contained herein, the parties agree as follows:\n\n1.   The Term of Employment as provided for in Article 2 is\namended to provide that the Initial Term shall extend to and\nterminate on the last day of the month of August, 1997 or on\nany subsequent date as may be agreed upon in writing by\nEmployee and Company.\n\n2.   In consideration hereof, Company hereby awards to\nEmployee a grant of One Hundred Thousand (100,000) stock\noptions from the Enron Corp. 1991 Stock Plan effective May\n2, 1994, which is attached hereto as Exhibit 'A'.\n\nThis Agreement is the first amendment to the Employment\nAgreement, and the parties agree that all other terms,\nconditions and stipulations contained in the Employment\nAgreement shall remain in full force and effect and without\nany change or modification, except as provided herein.\n\n     IN WITNESS WHEREOF, the parties have duly executed this\nAgreement as of the date first above written.\n\n\nENRON CORP. \n\n\nBy:  RICHARD D. KINDER                 \n     Name: Richard D. Kinder\n     Title: President and Chief\n            Operating Officer\n\n\n\nJAMES V. DERRICK, JR.\nJames V. Derrick, Jr.                  \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":[9539,9544],"class_list":["post-39112","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__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39112","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=39112"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39112"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39112"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}