AMENDMENT No. 1 to
EMPLOYMENT AGREEMENT
THIS AMENDMENT No. 1 to
EMPLOYMENT AGREEMENT (this “Amendment No.
1”) is made as of March 19, 2007, by and between
Century Aluminum Company, a Delaware corporation (the
“Company”), and Michael A. Bless, (the
“Executive”).
RECITALS
A. The Company
and the Executive are parties to an Employment Agreement,
made as of January 23, 2006, pursuant to which the parties
agreed that the Company would employ Executive as Executive
Vice President and Chief Financial Officer (the
“Employment Agreement”).
B. Pursuant to
the terms of the Employment Agreement, Executive’s
employment would terminate no later than December 31, 2008,
unless extended by the mutual agreement of the
parties.
C. The Company
desires to provide that the term of the Employment Agreement
shall extend annually by one year unless either party
provides notice of termination to the other.
D. Executive
is willing to continue his employment on the terms and
conditions set forth in this Amendment No. 1.
THE PARTIES AGREE AS
FOLLOWS:
1. Section 1.1.
of the Employment Agreement is hereby deleted in its entirety
and replaced as follows:
“1.1
Position and
Term of Employment .
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A.
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Position . Executive shall be employed as the
Executive Vice President and Chief Financial Officer of the Company
and shall devote his full business time, skill, attention and best
efforts in carrying out his duties and promoting the best interests
of the Company. Executive shall also serve as a director
and/or officer of one or more of the Company's subsidiaries as may
be requested from time to time by the Board of
Directors. Subject always to the instructions and
control of the Board of Directors of the Company, Executive shall
report to the Chief Executive Officer of the Company and shall be
responsible for the day to day financial affairs of the company and
for the development of the Company's short and long term financial
plans.
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Executive
shall not at any time while employed by the Company or any of
its affiliates (as defined in the Severance Protection
Agreement between the
Company
and Executive dated as of January 23, 2006, (as amended and
restated, from time to time, the “SPA”),
incorporated in this Agreement by this reference), without the
prior consent of the Board of Directors, knowingly
acquire
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