Exhibit 10.32

 

PENNICHUCK CORPORATION

AMENDMENT TO EMPLOYEE RETENTION AGREEMENT

 

      This Amendment to Employee Retention Agreement is entered into as of this
18th day of December, 2006 between Pennichuck Corporation (the "Company") and
Donald L. Ware ("Employee").

 

      WHEREAS, the Company and the Employee entered into an Employee Retention
Agreement dated October 3, 2006 (the "Agreement") providing for the payment of
compensation to the Employee under certain circumstances, and

 

      WHEREAS, the Company and Employee each desire to amend the Agreement.

 

      NOW, THEREFORE, in consideration of the mutual promises herein the parties
agree as follows:

 

      1.   Amendment. Section 2.2 of the Agreement is hereby amended to delete
from the first sentence the term "one-half" and the figure "$78,000.00" and
replace them with the phrase "twenty-four percent of" and the figure
"$38,000.00," respectively, so as to provide that the Retention Bonus will equal
twenty-four percent of Employee's "Base Salary" in effect at the time that the
Retention Bonus is payable, but such amount shall be no less than $38,000.00.

 

      2.   Ratification. Except as amended as provided in Section 1 above, the
Agreement is hereby ratified and confirmed.

     

EMPLOYEE

     

Date: December 18, 2006

 

By:

/S/ DONALD L. WARE

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Donald L. Ware

         

PENNICHUCK CORPORATION

     

Date: December 18, 2006

 

/S/ DUANE C. MONTOPOLI

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Duane C. Montopoli, President

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