{"id":39114,"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-kenneth-l-lay.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"employment-agreement-enron-corp-and-kenneth-l-lay","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/employment-agreement-enron-corp-and-kenneth-l-lay.html","title":{"rendered":"Employment Agreement &#8211; Enron Corp. and Kenneth L. Lay"},"content":{"rendered":"<pre>           SECOND AMENDMENT TO EMPLOYMENT AGREEMENT\n\n\n     This Agreement, made and entered into on this 5th day\nof March, 1992, and made effective as of March 1, 1992, by\nand between Enron Corp. ('Enron'), a Delaware corporation\nhaving its headquarters at 1400 Smith Street, Houston, Texas\n77002, and Kenneth L. Lay ('Employee'), an individual\nresiding in Houston, Texas, is an amendment to that certain\nEmployment Agreement between the parties effective September\n1, 1989 (the 'Employment Agreement').\n\n     WHEREAS, the Employment Agreement incorporates the\nterms and provisions of a Stock Finance Agreement attached\nto the Employment Agreement as Exhibit C, as though recited\ntherein in their entirety; and\n\n     WHEREAS, the parties desire to amend a certain\nprovision of the Stock Finance Agreement;\n\n     NOW, THEREFORE, in consideration thereof and of the\nmutual covenants contained herein, the parties agree as\nfollows:\n\n1.   Section 2.04 of the Stock Finance Agreement is deleted\nin its entirety and the following is substituted in its\nplace:\n\n     'SECTION 2.04.  Interest.  The Borrower shall pay\ninterest, compounded annually, on the unpaid principal and\ninterest at an annual rate of seven and five-tenths of one\npercent (7.5%).'\n\n2.   This Agreement is an amendment to the Employment\nAgreement, and the parties agree that all other terms,\nconditions and stipulations contained in the Employment\nAgreement, as amended by any prior amendments thereto, shall\nremain in full force and effect and without any change or\nmodification, except as provided herein.\n\n     IN WITNESS WHEREOF, the parties have duly executed this\nAgreement as of the date first above written.\n\nENRON CORP.\n\nBy:  JOHN H. DUNCAN                             \nTitle: Chairman, Executive Committee of Board\n\n\nKENNETH L. LAY\n\nKENNETH L. LAY                                   \nEmployee\n\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-39114","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\/39114","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=39114"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39114"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39114"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}