AMENDMENT TO MANAGEMENT MEMBERS AGREEMENTLLC Membership Agreement |
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NALCO HOLDINGS LLC | NALCO LLC | Mark W. Irwin. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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AMENDMENT TO MANAGEMENT MEMBERS AGREEMENT
CONCERNING
NALCO LLC
July 14, 2006
This Amendment to Management Members Agreement (the “Amendment”) is made between Nalco LLC (the “Company” or “Nalco”) and Mark W. Irwin (“Mr. Irwin”).
Whereas, Nalco LLC and Mr. Irwin entered into a Management Members Agreement dated on or about June 11, 2006 (the “Management Members Agreement”).
Whereas the parties wish to amend the Management Members Agreement.
Whereas terms not otherwise defined herein shall have the meanings indicated in the Management Members Agreement.
Therefore the parties agree as follows:
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a. |
“Applicable
Percentage” shall be modified to reflect as follows: (a) that for
purposes of the 20% tranche of B Units scheduled to vest on December 31,
2006, Mr. Irwin will be permitted the opportunity to vest at 75% of
these 2006 B Units at December 31, 2006, (b)
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