AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit
10.50.1
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT to Employment Agreement, made and entered into as of January 1, 2001, by and
among The Kansas City Southern Railway Company, a Missouri corporation (“Railway”), Kansas City
Southern Industries, Inc., a Delaware corporation (“KCSI”) and Xxxxx X. Xxxxxxxx, an individual
(“Executive”).
WHEREAS, Railway, KCSI and Executive have heretofore entered into an Employment
Agreement, as amended and restated as of January 1, 1999 (the “Agreement”); and
WHEREAS, the Agreement makes reference in several places to Kansas City Southern Lines, Inc.
or to KCSL (either of which being referred herein as “KCSL”) which prior to January 1, 2001, was
the wholly-owned subsidiary of KCSI and the sole shareholder of Railway; and
WHEREAS, KCSL was administratively merged into KCSI as of December 31, 2000, and thereby
ceased existence as a separate entity.
NOW, THEREFORE, it is agreed by and among Railway, KCSI and Executive as follows:
1. Effective as of January 1, 2001, each and every reference to “Kansas City Southern
Lines, Inc.” or to “KCSL” or “KCSL’s” which appear in the Whereas clause and in paragraphs 3,
4(c)(ii),
7(b), 7(d)(ii) and (iii) and 7(e) of the Agreement is deleted, and, where necessary, the
conjunctive phrases
contained in each such clause or paragraph are appropriately modified consistent with the
deletion of each
such reference.
2. Effective
as of January 1, 2001, the final sentence of paragraph 7(d) of the Agreement is deleted.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the 1st
day of January, 2001.
THE KANSAS CITY SOUTHERN RAILWAY COMPANY |
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By | /s/ Xxxxxxx X. Xxxxxxx | |||
Xxxxxxx X. Xxxxxxx, President & CEO | ||||
KANSAS CITY SOUTHERN INDUSTRIES, INC. |
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By | /s/ Xxxxxxx X. Xxxxxxx | |||
Xxxxxxx X. Xxxxxxx, President & CEO | ||||
EXECUTIVE |
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/s/ Xxxxx X. Xxxxxxxx | ||||
Xxxxx X. Xxxxxxxx | ||||