EXHIBIT 10(o)(x)
AMENDMENT
This Agreement amends the First Amended Executive Exmployment Agreement
between the Employee and UST Corp. dated as of the 1st day of February, 1996
(the "Employment Agreement"). All capitalized terms used in this Agreement shall
have the meaning ascribed to them in the Employment Agreement unless otherwise
expressly provided herein.
1. Section 6.d.i and Section 6.e of the Employment Agreement are hereby
amended to provide that, in addition to base salary payable thereunder,
the Employee shall be paid an amount equal to the bonus which the
Employee earned for performance during the calendar year immediately
preceding the year in which termination occurs.
2. Section 6.g.i(1) of the Employment Agreement is hereby amended to
provide that, in addition to base salary payable thereunder, the
Employee shall be paid an amount equal to two (2) times the bonus which
the Employee earned for performance during the calendar year immediately
preceding the year in which termination occurs.
3. Except as expressly modified herein, the Employment Agreement, and all
of its terms and provisions, shall remain in full force and effect.
Intending to be legally bound, the parties have signed this Agreement as of
the 17th day of December, 1996.
UST CORP:
By: s/
------------------------------
Xxxx X. Xxxxxxxx
Title: President and Chief Executive Officer
EMPLOYEE:
s/
-----------------------------------
Employee
UST Corp.
00 Xxxxx Xxxxxx. Xxxxxx. Xxxxxxxxxxxxx 00000
(000) 000-0000 Telex 951494 UST BSN
