Amendment No. 10 to
Xxxxxx X. XxXxxxx Employment Agreement
WHEREAS, Xxxxxx X. XxXxxxx (the "Employee") and Consolidated Edison
Company of New York, Inc. (the "Company") entered into an Employment
Agreement effective September 1, l990 (the "Agreement");
WHEREAS, the parties to the Agreement desire to amend the Agreement to
increase the basic salary payable to the Employee; and
WHEREAS, paragraph 12 of the Agreement provides that the Agreement may be
amended from time to time by a written instrument executed by the Company and
the Employee;
NOW, THEREFORE, in consideration of the foregoing the parties hereto agree
as follows:
1. The Agreement is amended, effective September 1, l999, to increase the
Employee's basic salary set forth in clause (i) of paragraph 3(a) of the
Agreement from $890,000 per annum to $975,000 per annum, subject to all the
terms and conditions set forth in the Agreement relating to the basic salary.
2. In all other respects, the Agreement remains in full force and effect
as amended hereby.
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed
by its duly authorized officer and its Corporate seal to be affixed hereto, and
the Employee has hereto set his hand the day and year set forth below.
CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
By: Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Executive Vice President
By: Xxxxxx X. XxXxxxx
Xxxxxx X. XxXxxxx
Dated: July 27, 1999
Attest:
Approved by the Board the 27th day of July, 1999.
By: Xxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxxxxx
Secretary