50 of the Top 250 law firms use our Products every day
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 Logan W.
Kruger, (the “Executive”).
RECITALS
A. The Company and the Executive are
parties to an Employment Agreement, made as of December 13, 2005,
pursuant to which the parties agreed that the Company would employ
Executive as President and Chief Executive 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 .
|
|
Position . Executive shall be employed as the
President and Chief Executive 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 Board of Directors of the Company and shall be
responsible for the control, supervision and management of the
Company and its business affairs.
|
|
|
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 December 13, 2005,
(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 any financial interests, directly or indirectly,
in or perform any services for or on behalf of any business, person
or enterprise which undertakes any business in
substantial
|
|
