ARTICLE 4 AMENDMENT OR TERMINATION OF AGREEMENTSplit Dollar Life Insurance Agreement • March 26th, 1999 • Ps Group Holdings Inc • Transportation services
FURTHER AMENDED AND RESTATED EXECUTIVE RETIREMENT AGREEMENT ----------------------------------------------------------- This Further Amended and Restated Executive Retirement Agreement is made this 25th day of March, 1999, by and between PS Group,...Executive Retirement Agreement • March 26th, 1999 • Ps Group Holdings Inc • Transportation services • California
PS GROUP, INC. 4370 LA JOLLA VILLAGE DRIVE SUITE 1050 SAN DIEGO, CALIFORNIA 92122 February 9, 1999 Mr. Lawrence A. Guske PS Group, Inc. 4370 La Jolla Village Drive San Diego, California 92122 Re: Employment Agreement Dear Larry: As you know, Section...Exhibit • March 26th, 1999 • Ps Group Holdings Inc • Transportation services
As you know, Section 10 of your Employment Agreement dated as of January 15, 1988, between you and PS Group, Inc. contains a definition of "Change of Control." In connection with the reorganization that resulted in the formation of PS Group Holdings, Inc. in 1996, it was PS Group, Inc.'s intention that your Employment Agreement would apply to a Change of Control of PS Group Holdings, Inc., as well as a Change of Control of PS Group, Inc. We now suggest that this intention be formalized. Your signature below constitutes your agreement that Section 10 of your employment agreement is amended to cover not only Changes of Control of PS Group, Inc., but also a "Change of Control" of PS Group Holdings, Inc.
