Sample Business Contracts

Employment Agreement [Amendment No. 6] - Enron Corp. and Kenneth L. Lay

Employment Forms

Employment Contract. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
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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           SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT

     This Agreement, made and entered into and effective as
of the 22nd day of April, 1994, by and among Enron Corp.
(Company"), and Kenneth L. Lay ("Employee"), is an amendment
to that certain Employment Agreement between the parties
effective September 1, 1989 (the "Employment Agreement").

     WHEREAS, the parties desire to amend the Employment
Agreement to provide for Employee and Company to establish a
program for split dollar life insurance;

     WHEREAS, Employee has certain rights and benefits under
the terms and provisions of the Enron Executive Supplemental
Survivor Benefit Plan, the Houston Natural Gas Corporation
and Subsidiaries Executive Post-Retirement Salary
Continuation Agreement and the Houston Natural Gas
Corporation and Subsidiaries Executive Supplemental Benefit
Agreement which will terminate, and be superseded by the
provisions of the Split Dollar Life Insurance Agreement;

     NOW, THEREFORE, in consideration thereof, and of the
mutual covenants contained herein, the parties agree as
follows:

     1.   Contemporaneously with the execution of this
Agreement, Company and Employee shall execute and deliver a
form of Split Dollar Life Insurance Agreement ("Split Dollar
Agreement") attached hereto as Exhibit A.

     2.   Article 3, Section 3.3 Other Employee Benefits
shall be amended by adding the following language:

     As consideration for the Company to enter into the
     Split Dollar Agreement on behalf of the Employee,
     Employee irrevocably waives, renounces and forfeits any
     and all rights to benefits under the Enron Executive
     Supplemental Survivor Benefits Plan; the Houston
     Natural Gas Corporation and Subsidiaries Executive
     Post-Retirement Salary Continuation Agreement between
     Employee and Houston Natural Gas Corporation dated July
     1, 1985; and the Houston Natural Gas Corporation and
     Subsidiaries Executive Supplemental Benefit Agreement,
     excluding all rights as described under the terms and
     provisions of Section 2 of the Houston Natural Gas
     Corporation and Subsidiaries Executive Supplemental
     Benefit Agreement, between Employee and Houston Natural
     Gas Corporation dated November 12, 1984; all of
     Employee's rights with respect thereto are rescinded.

     3.   This Agreement is an amendment to the Employment
Agreement, and the parties agree that all other terms,
conditions and stipulations contained in the Employment
Agreement shall remain in full force and effect and without
any change or modification, except as provided herein.


     IN WITNESS WHEREOF, the parties have duly executed this
Agreement as of the date first above written.


ENRON CORP.



By:    JOHN H. DUNCAN        
Name:  John H. Duncan
Title: Chairman, Executive
       Committee of Board of
       Directors




By:    CHARLES A. LeMAISTRE  
Name:  Charles A. LeMaistre
Title: Chairman, Compensation
       Committee of Board of
       Directors




KENNETH L. LAY
Kenneth L. Lay