Exhibit 10.9
Amendment No. 1 dated as of October 25, 1998 to Agreement
dated as of October 25, 1995 (the "Original Agreement") between
Insituform Technologies, Inc., a corporation organized and
existing under the laws of the State of Delaware (hereinafter
referred to as the "Corporation") and Xxxxxx X. Xxxxxxxxx
(hereinafter referred to as the "Employee").
W I T N E S S E T H
WHEREAS, the parties have entered into the Original Agreement
and desire to effectuate the amendments thereto hereinafter set
forth;
NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained herein, the parties agree as follows:
1. Paragraph B of Section I of the Original Agreement is
hereby amended by deleting the reference to "all of his business
time to the performance thereof" and substituting therefor a
reference to "an amount of his time substantially equal to one-
half of the time devoted to performance hereunder from the date of
this Agreement through December 31, 1998".
2. Paragraph A of Section II of the Original Agreement is
hereby amended by deleting the reference to "for a period of three
years thereafter" and substituting therefor a reference to "until
December 31, 1999."
3. Paragraph A of Section III of the Original Agreement is
hereby amended by deleting the reference to "an annual salary of
$250,000" and substituting therefor a reference to "an annual
salary of $125,000".
4. Paragraph A of Section VI of the Original Agreement is
hereby amended by deleting the reference to "1770 Xxxxx Xxxxxxx,
Xxxxx 000, Xxxxxxx, Xxxxxxxxx 00000" and substituting therefor a
reference to "702 Spirit 00 Xxxx Xxxxx, Xxxxxxxxxxxx, Xxxxxxxx
00000".
5. Except as set forth herein, the Original Agreement shall
remain in full force and effect and continue to bind the parties
hereto. This Amendment No. 1 contains the entire agreement of the
parties with respect to the subject matter herein and supersedes
all other understandings, oral or written, with respect thereto.
This Amendment No. 1 may be executed in counterparts, each of
which shall be deemed an original and both of which shall
constitute one and the same agreement.
IN WITNESS WHEREOF, the undersigned have executed this
Amendment No. 1 as of the effective date first-above written.
INSITUFORM TECHNOLOGIES, INC.
By s/Xxxxxxx X. Xxxxxx
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EMPLOYEE:
s/Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
