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EXHIBIT 10.21
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT
The Employment Agreement (the "Agreement") between ICO, Inc., a Texas
corporation (the "Company") and Xxxxxx X. Xxxxxxxxx (the "Executive") dated
April 1, 1995, as amended by the First Amendment to Employment Agreement dated
June 14, 1996 and as amended by the Second Amendment to Employment Agreement
dated February 7, 1997, is amended hereby as follows:
Paragraph 6(b) of the Agreement is amended to replace the words
"three-year" in the first sentence thereof with "five-year."
Paragraph 6(d)(i)(C) of the Agreement is amended to replace the first word
thereof "three" with "five."
Paragraph 6(d)(iv) of the Agreement is amended to replace the fourth word
thereof "three" with "five."
Paragraph 6(d)(i)(B) of the Agreement is amended to replace the words "a
particular year" in the fourth line thereof with "the particular year in which
the termination occurs."
Except as amended by this Third Amendment, all other provisions of the
Agreement, as amended to date, hereby are ratified and affirmed.
In witness whereof, the Executive has set her hand hereunto, and, pursuant
to the authorization from the Compensation Committee of the Board of Directors,
the Company has caused these presents to be executed in its name on its behalf,
this 4th day of September, 1998.
/s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
ICO, Inc.
By: /s/ Xxx X. Xxxx
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Name: Xxx X. Xxxx
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Title: Sr. Vice President/Treasurer
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