FIRST AMENDMENTEmployment Agreement Amendment |
|
|
You are currently viewing: This Employment Agreement Amendment involves
NYMEX HOLDINGS INC | NEW YORK MERCANTILE EXCHANGE, INC, | CHRISTOPHER BOWEN. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
|
|
|
Search Employment Agreement Amendment by:
Exhibit 10.1
FIRST AMENDMENT
This is the First Amendment to the Employment Agreement (the “Agreement”) dated March 1, 2006 entered into by and between NYMEX HOLDINGS, INC. and NEW YORK MERCANTILE EXCHANGE, INC, which have their principal place of business at One North End Avenue, New York, New York 10282 (collectively, the “Company”), and CHRISTOPHER BOWEN (the “Executive”).
Any capitalized terms used but not defined in this First Amendment shall have the meaning set forth in the Agreement.
This First Amendment is effective this 17th day of November, 2006. Except as set forth herein, all provisions of the Agreement shall remain unchanged and in full force and effect.
Paragraph 3.4(b) of the Agreement is hereby amended as follows:
|
|
3.4 |
Grant of Option. |
(b) If and when the Company completes an initial public offering or private placement of its equity securities, the Executive’s eligibility for, and the terms of, any equity grant shall be determined in accordance with the terms of the NYMEX Holdings, Inc. 2006 Long-Term Incentive Plan (“LTIP”) and the terms of any award agreement by and between the Company and the Executive entered in accordance with the terms of the LTIP, except as specifically provided herein.
Paragraph 4 of the Agreement is hereby amended as follows:
|
|
4. |
Termination upon Death
or Disability. If the Executive
dies during the Term, the Term shall terminate as of the date of death, and
the obligations of the Company to or with respect to the Executive shall
terminate in their entirety upon such
|
