Attached files
Exhibit
10.15
Amendment to Costa
Employment Agreement
First
Amendment to Employment Agreement
This
First Amendment to Employment Agreement (this "First Amendment") is entered into
as of December 31, 2009 by and between Eastman Chemical Company ("Eastman") and
Mark J. Costa ("Costa") (collectively referred to as the "Parties") concerning
that certain Employment Agreement (the "Agreement") between the Parties entered
into as of May 4, 2006.
The
Parties agree that effective as of the date of this First Amendment, Section 6
of the Agreement is hereby amended to delete Section 6(a) (which provided an
annual personal travel allowance of $75,000) and restated in its entirety as
follows:
"6. PERSONAL BENEFITS AND
PROVISIONS. In addition to other payments and benefits provided
hereunder, (a) Costa will receive customary perquisites as provided to other
Eastman executive officers; and (b) the annual personal travel allowance of
$75,000 previously provided in Section 6(a) of this Agreement shall be included
in Costa’s annual cash compensation, comprised of his annual base salary and
target annual variable cash incentive pay."
Except as
amended by this First Amendment, the Agreement remains in full force and
effect.
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Norris
P. Sneed
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Mark
J. Costa
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Date
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||
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Senior
Vice President Manufacturing Support and Chief Administrative
Officer
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Executive
Vice President Specialty Polymers, Coatings and Adhesives, and Chief
Marketing Officer
|
139
Eastman
Chemical Company – CONFIDENTIAL INFORMATION