{"id":39772,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/enron-operations-corp-enron-ventures-corp-and-thomas-e-white.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"enron-operations-corp-enron-ventures-corp-and-thomas-e-white","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/enron-operations-corp-enron-ventures-corp-and-thomas-e-white.html","title":{"rendered":"Enron Operations Corp., Enron Ventures Corp. and Thomas E. White Jr."},"content":{"rendered":"<pre>                                                            \n           THIRD AMENDMENT TO EMPLOYMENT AGREEMENT\n\n\n     This Agreement, entered into and made effective as of\nJanuary 3, 1997, by and between Enron Operations Corp.\n('Company'), a Delaware corporation having its headquarters\nat 1400 Smith Street, Houston, Texas 77002, Enron Ventures\nCorp. ('EVC'), a Delaware corporation having its\nheadquarters at 1400 Smith Street, Houston, Texas 77002, and\nThomas E. White, Jr. ('Employee'), an individual residing in\nHouston, Texas, is an amendment to that certain Employment\nAgreement between the parties entered into and made\neffective as of July 1, 1990 (the 'Employment Agreement').\n\n     WHEREAS, the parties desire to amend the Employment\nAgreement to provide for assignment of the Employment\nAgreement by Company to, and assumption of the Employment\nAgreement by, EVC, and to make other amendments to the\nEmployment Agreement 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 Employment Agreement is assigned by Company to, and\nassumed by, EVC.  Any reference to the 'Company' in the\nEmployment Agreement shall mean EVC.  Employee consents to\nsuch assignment and assumption, and releases Company from\nevery obligation under the Employment Agreement.  EVC\nassumes every obligation of Company under the Employment\nAgreement.\n\n2.   The Term of Employment set forth in Exhibit 'A' to the\nEmployment Agreement is amended to provide that the Initial\nTerm shall extend to and terminate on the last day of the\nmonth of December, 2000 or on any subsequent date as may be\nagreed upon in writing by Employee and Company.\n\n3.   In consideration hereof, Company hereby awards to\nEmployee a grant of One Hundred Twenty-Five Thousand\n(125,000) stock options from the Enron Corp. 1991 Stock Plan\neffective January 3, 1997, which is attached hereto as\nExhibit 'A'.\n\nThis Agreement is a third amendment to the Employment\nAgreement, and the parties agree that all other terms,\nconditions and stipulations contained in the Employment\nAgreement, and any amendments thereto, shall remain in full\nforce and effect and without any change or modification,\nexcept as provided herein.\n\n\n\n     IN WITNESS WHEREOF, the parties have duly executed this\nAgreement as of the date first above written.\n\n\nENRON OPERATIONS CORP.\n\n\nBy: PEGGY B. MENCHACA\nName: Peggy B. Menchaca\nTitle: Vice President &amp; Secretary\n\n\n\nENRON VENTURES CORP.\n\n\nBy: PEGGY B. MENCHACA\nName:  Peggy B. Menchaca\nTitle: Vice President &amp; Secretary\n\n\n\nTHOMAS E. WHITE, JR.\n\n\nTHOMAS E. WHITE, JR.\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-39772","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\/39772","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=39772"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39772"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39772"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}