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AMENDMENT TO SENIOR EXECUTIVE EMPLOYMENT AGREEMENT WITH MARTIN L. VAUGHAN, III

Executive Employment Agreement

AMENDMENT TO SENIOR EXECUTIVE EMPLOYMENT AGREEMENT WITH MARTIN L. VAUGHAN, III | Document Parties: HILB ROGAL & HOBBS COMPANY You are currently viewing:
This Executive Employment Agreement involves

HILB ROGAL & HOBBS COMPANY

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Title: AMENDMENT TO SENIOR EXECUTIVE EMPLOYMENT AGREEMENT WITH MARTIN L. VAUGHAN, III
Date: 11/5/2007
Industry: Insurance (Prop. and Casualty)     Sector: Financial

AMENDMENT TO SENIOR EXECUTIVE EMPLOYMENT AGREEMENT WITH MARTIN L. VAUGHAN, III, Parties: hilb rogal & hobbs company
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Exhibit 10.2

AMENDMENT TO

SENIOR EXECUTIVE EMPLOYMENT AGREEMENT

WITH

MARTIN L. VAUGHAN, III

This Amendment to Senior Executive Employment Agreement is made as of this 17 day of July, 2007, by and between HILB ROGAL & HOBBS COMPANY (the “Company”) and MARTIN L. VAUGHAN, III (the “Executive”).

WHEREAS, the Company and Executive entered into a Senior Executive Employment Agreement effective as of May 6, 2003, pursuant to which Company employs Executive as Chairman and Chief Executive Officer of the Company (the “Employment Agreement”); and

WHEREAS, the Company and Executive desire to amend certain provisions of Article III of the Employment Agreement relating to the compensation of the Executive.

NOW, THEREFORE, the parties hereto agree as follows:

 

  1. Paragraphs (C) and (D) of Article III of the Employment Agreement are hereby amended to provide as follows:

 

  (C) Ancillary Benefits .

The Executive shall also be entitled to vacations, participation in the Company’s Profit Sharing Savings Plan (401K), Executive Voluntary Deferral Plan, Supplemental Executive Retirement Plan and Suppl


 
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