AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.3
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement (this “Amendment”) is entered into as of August
17, 2009 by CVR Energy, Inc., a Delaware corporation (the “Company”), and XXXXXX XXXXXX, an
individual (the “Executive”).
The Company and Executive entered into an Employment Agreement dated as of April 1, 2009 (the
“Agreement”). The parties desire to amend the Agreement as set forth below.
1. Amendment to Term. Section 1.1 of the Agreement is deleted in its entirety, and is
amended to read as follows:
“1.1 Term. The Company agrees to employ the Executive, and the
Executive agrees to be employed by the Company, in each case pursuant to this
Employment Agreement, for a period commencing on a mutually agreed upon date, but no
later than May 15, 2009 (such agreed upon date, the “Commencement Date”) and
ending on the earlier of (i) January 1, 2011 or (ii) the termination of the
Executive’s employment in accordance with Section 3 hereof (the “Term”).”
2. Ratify Agreement. Except as expressly amended hereby, the Agreement will remain
unamended and in full force and effect in accordance with its terms. The amendments provided
herein will be limited precisely as drafted and will not constitute an amendment of any other term,
condition or provision of the Agreement.
3. Cross References. References in the Agreement to “Agreement”, “hereof”, “herein”,
and words of similar import are deemed to be a reference to the Agreement as amended by this
Amendment.
4. Counterparts. This Amendment may be executed in any number of counterparts, each
of which will be deemed to be an original and all of which constitute one agreement that is binding
upon each of the parties, notwithstanding that all parties are not signatories to the same
counterpart.
[signature page follows]
The parties have executed this Amendment as of the date first written above.
CVR Energy, Inc. | ||||||
By:
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/s/ Xxxxxxx X. Xxxxxxx
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/s/ Xxxxxx Xxxxxx
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Xxxxxxx X. Xxxxxxx, | Xxxxxx Xxxxxx | |||||
Chief Operating Officer |
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