Contract
EXHIBIT 10(AA)(1)(a)
September
26, 2003
Ms. Dilek Samil
0000 Xxxxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxxx 00000
Re: Amendment to Executive Employment
Agreement
by and
between Dilek Samil and Cleco Corporation
entered into
January 1, 2002
Dear
Dilek:
The purpose of this letter is to confirm our recent discussions concerning
amendment of Section 3.6 of your Executive Employment Agreement (Agreement)
entered into January 1, 2002.
This Amendment is entered into as of this 26th day of September,
2003, by and between Dilek Samil and Cleco Corporation, a Louisiana
corporation, to amend that certain Executive Employment Agreement by and
between Dilek Samil and Cleco Corporation entered into January 1, 2002, as
follows:
Replace
Section 3.6 in its entirety to read:
"3.6 Termination by Executive. Executive may terminate this Agreement and her employment hereunder, other than on account of Constructive Termination, upon 30 days prior written notice to the Company or such other shorter period as may be agreed upon by the Chief Executive Officer and Executive. In such event, the Company shall (a) pay to Executive the amount described in Section 3.1a hereof, which said payment shall be made in the form of a single-sum not later than three days after such termination, and (b) provide to Executive the benefits described in Section 3.1e hereof. No additional payments or benefits shall be due hereunder, except as may be provided under a separate plan, policy or program evidencing such compensation arrangement or benefit or as may be required by law."
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Ms. Dilek Samil
Page 2
September 26, 2003
If this Agreement is acceptable, please acknowledge
your acceptance by signing below and returning an executed original to Xxxxx
Xxxxxx
Sincerely,
/s/ Xxxxx X.
Xxxxxx
Xxxxx X. Xxxxxx
Enclosure
Agreed to and accepted this
30th day of September, 2003.
/s/ Dilek
Samil
Dilek Samil
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