Sample Business Contracts

Employment Agreement [Amendment No. 3] - MAPCO Express Inc., Delek US Holdings Inc. and Uzi Yemin

Employment Forms

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Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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                       AMENDMENT NO. 3 TO EMPLOYMENT AGREEMENT

      THIS AMENDMENT NO. 3 (this "Amendment") to the Employment Agreement, by
and among MAPCO Express, Inc., ("Employer"), Delek US Holdings, Inc. ("Delek
US") and Uzi Yemin ("Employee), entered into and effective as of May 1, 2004,
and amended effective as of September 15, 2005 and February 1, 2006 (the
"Employment Agreement"), is dated as of April 17, 2006.

      WHEREAS, Employee, Employer and Delek US are parties to the Employment
Agreement; and

      WHEREAS, Employee, Employer and Delek US desire to amend certain terms of
the Employment Agreement as described below.

      NOW THEREFORE, in consideration of the mutual promises set forth in this
Amendment and intending to be legally bound, Employee, Employer and Delek US
agree as follows:

      1. Section 2(c)(2) of the Employment Agreement is hereby amended by
deleting the text of the section in its entirety and replacing it with:

            "Housing Allowance. Employer will provide Employee with a
company-provided house, rent-free, located at 108 River Court, Nashville, TN
37221-6701, or such other location reasonably acceptable to Employee.

      2. This Amendment to the Employment Agreement shall have effect as of the
date hereof.

      3. Except as otherwise provided herein, the Employment Agreement shall
continue unchanged and in full force and effect.

      4. This Amendment may be executed in counterparts, each of which will be
deemed an original but all of which together shall constitute one and the same
agreement.

                            [Signature Page Follows]


<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Amendment No. 3 to
Employment Agreement as of the date first above written.

                                        MAPCO EXPRESS, INC.


                                        By: /s/ Lynwood E. Gregory III
                                            ------------------------------------
                                            Name:  Lynwood E. Gregory III
                                            Title: EVP


                                        By: /s/ Tony McLarty
                                            ------------------------------------
                                            Name:  Tony McLarty
                                            Title: VP


                                        DELEK US HOLDINGS, INC.


                                        By: /s/ Lynwood E. Gregory III
                                            ------------------------------------
                                            Name:  Lynwood E. Gregory III
                                            Title: EVP


                                        By: /s/ Tony McLarty
                                            ------------------------------------
                                            Name:  Tony McLarty
                                            Title: VP


                                        /s/ Uzi Yemin
                                        ------------------------------------
                                        Uzi Yemin