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                                                                  EXHIBIT 10(ii)

                              EMPLOYMENT AGREEMENT


EMPLOYMENT AGREEMENT, made and entered into as of the 21st day of January, 1998,
by and between PCS PHOSPHATE COMPANY, INC. (formerly Texasgulf Inc.), a Delaware
Corporation (the "Company"), and THOMAS J. WRIGHT ("Employee").


                              W I T N E S S E T H:

WHEREAS, the Company recognizes the Employee's contribution to the growth and
success of the Company has been substantial and desires to assure the Company of
Employee's continued employment, and

WHEREAS, Employee is desirous of continuing to serve the Company on the terms
herein provided;

NOW THEREFORE, in consideration of the promises hereinafter set forth, the
parties agree as follows:

1.       Employment. The Company agrees to continue to employ Employee, and
         Employee agrees to continue to serve the Company, subject to the terms
         and conditions set forth herein.

2.       Term. The employment of Employee by the Company as provided in Section
         1. hereof will be for a period commencing on the date hereof and ending
         on June 30, 1999, unless further extended or sooner terminated as
         herein provided.

3.       Position and Duties. During the term of this Agreement, Employee shall
         serve as President of the Company with general responsibility for all
         phosphate and feed operations. Employee agrees to devote all of his
         business time, skill, attention and best efforts during normal business
         hours to the business of the Company to the extent necessary to
         discharge the responsibilities assigned to him during the period of his
         employment hereunder, except for (i) service on other corporate, civic
         or charitable boards or committees not significantly interfering with
         his duties hereunder and (ii) usual, ordinary and customary periods of
         vacation.

4.       Compensation

         i.       Base Salary. Employee shall receive a base salary ("Base
                  Salary") at a monthly rate of $36,666.66 during the term of
                  this Agreement. The Base Salary shall be reviewed at least
                  once each year. Any increase in Base Salary or other
                  compensation shall in no way limit or reduce any other
                  obligation of the Company hereunder, and once established at
                  an increased rate, the Base Salary hereunder shall not
                  thereafter be reduced.

         ii.      Incentive Compensation: Bonuses. In addition to Base Salary,
                  Employee shall be entitled to participate in incentive plans
                  and stock option plans of Potash Corporation of Saskatchewan
                  Inc. ("PCS") for key employees of PCS and its subsidiaries in
                  effect from time to time.


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         iii.     Deferred Compensation. Employee will be protected for the full
                  amount standing to his credit in his deferred compensation
                  account as at February 29, 1996 and will be entitled to
                  payments, upon retirement, in accordance with the Texasgulf
                  deferred compensation program as it existed April 10, 1995.
                  Employee's compensation may not, after February 29, 1996, be
                  deferred.

         iv.      Expenses. During the term of Employee's employment hereunder,
                  Employee shall be entitled to receive prompt reimbursement for
                  all reasonable expenses incurred by Employee in accordance
                  with the policies and procedures of the Company.

         v.       Benefit Plans. Employee shall be entitled to participate in or
                  receive benefits under all of the Company's benefit plans,
                  policies, practices and arrangements in which Employee is
                  presently eligible to participate, or plans and arrangements
                  substituted therefor. Employee shall be entitled to
                  participate in or receive benefits under any pension plan,
                  profit-sharing plan, savings plan, life insurance, health and
                  accident plan, short or long-term disability plan or
                  arrangement or other benefit plan (collective, the "Benefit
                  Plans") made available by the Company in the future to its
                  executives or key management employees, subject to and on a
                  basis consistent with the terms, conditions and overall
                  administration of such Benefit Plans. The Company agrees to
                  secure payment by it of all non-qualified deferred
                  compensation benefits promised to Employee, including but not
                  limited to (a) benefits under any deferred compensation
                  agreements entered into between the Company and Employee and
                  (b) benefits under the Company's non-qualified excess benefits
                  pension plan, in a manner consistent with general corporate
                  practice to protect such benefits.

         vi.      Vacations. Employee shall be entitled to paid vacation in
                  accordance with Company's vacation policy as in effect from
                  time to time. Employee shall be entitled to all paid holidays
                  given by the Company to its employees.

         vii.     Perquisites. Employee shall be entitled to continue to receive
                  fringe benefits and perquisites, including without limitation
                  the use of an automobile and the payment by the Company of
                  initiation fees and dues for country clubs, luncheon clubs, or
                  similar facilities in accordance with the Company's policy
                  presently in effect.

5.       Termination

         i.       Death. This Agreement shall terminate automatically upon the
                  death of Employee, subject to the provisions of subparagraphs
                  6(i) and 6(v) hereof.

         ii.      Cause. The Company may terminate Employee's employment for
                  Cause. For the purpose of this Agreement, the Company shall
                  have "Cause" to terminate Employee's employment hereunder upon
                  (A) the willful and continued failure by Employee to
                  substantially perform his duties with the Company (other than
                  any such failure resulting from Employee's incapacity due to
                  physical or mental illness), after a demand for substantial
                  performance is delivered to Employee that specifically
                  identifies the manner in which the Company believes that
                  Employee has not


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                  substantially performed his duties, or (B) the willful
                  engaging by Employee in gross misconduct materially and
                  demonstrably injurious to the Company. For the purpose of this
                  paragraph, no act, or failure to act, on Employee's part shall
                  be considered "willful" unless done, or omitted to be done, by
                  Employee in bad faith and without reasonable belief that
                  Employee's action or omission was in the best interest of the
                  Company.

         iii.     Good Reason. Employee may terminate his employment for Good
                  Reason. For purposes of this Agreement, "Good Reason" shall
                  mean:

                  A.       without the express written consent of Employee, (x)
                           the assignment to Employee of any duties materially
                           inconsistent with Employee's present position,
                           duties, responsibilities and status with the Company,
                           or (y) over Employee's objection, a substantial
                           reduction of Employee's duties and responsibilities;

                  B.       a reduction by the Company in Employee's Base Salary;

                  C.       the failure by the Company to continue in effect any
                           Benefit Plan, unless a substitute plan or plans
                           provide Employee with a substantially similar level
                           of benefits;

                  D.       any failure of the Company to obtain the assumption
                           of the obligation to perform this Agreement by any
                           successor as contemplated in paragraph 8. hereof; or

                  E.       any purported termination of Employee's employment
                           that is not effected pursuant to a Notice of
                           Termination satisfying the requirements of
                           subparagraph (iv) below; and for the purpose of this
                           Agreement, no such purported termination shall be
                           effective.

         iv.      Notice of Termination.

                  Any termination by the Company for Cause or by Employee for
                  Good Reason or otherwise shall be communicated by Notice of
                  Termination to the other party hereto. "Notice of Termination"
                  shall mean a written notice which shall indicate the specific
                  termination provision in this Agreement relied upon and shall
                  set forth in reasonable detail the facts and circumstances
                  claimed to provide a basis for termination of Employee's
                  employment under the provision so indicated.

         v.       Date of Termination. "Date of Termination" shall mean the date
                  specified in the Notice of Termination; provided that if
                  within thirty (30) days after any Notice of Termination is
                  given, the party receiving such Notice of Termination notifies
                  the other party that a dispute exists concerning the
                  termination, the Date of Termination shall be the date finally
                  determined to be the Date of Termination, either by mutual
                  written agreement of the parties or by a binding and final
                  arbitration award.


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6.       Compensation Upon Termination or Death

         i.       If Employee's employment is terminated by reason of Employee's
                  death, this Agreement shall terminate, and no further
                  compensation shall be payable to Employee hereunder except as
                  specifically provided herein; provided, however, that
                  Employee's estate, heirs and beneficiaries shall be entitled
                  to receive the full amount of the Base Salary for the month in
                  which death occurs, the amount payable under the Survivorship
                  Plan and all other benefits available to them under the
                  Company's Benefit Plans.

         ii.      If Employee's employment shall be terminated for Cause, or if
                  Employee terminates his employment other than for Good Reason,
                  the Company shall pay Employee his full Base Salary through
                  the Date of Termination at the rate in effect at the time
                  Notice of Termination is given, and the Company shall have no
                  further obligations to Employee under this Agreement.
                  Employee's rights under Benefit Plans or other agreements
                  shall be determined by the provisions contained therein.

         iii.     If the Company shall terminate Employee's employment other
                  than for Cause, or if Employee shall terminate his employment
                  for Good Reason, then the Company shall pay to Employee as
                  liquidated damages in a lump sum on the fifteenth day
                  following the Date of Termination, the following amounts:

                  A.       Employee's full Base Salary through the Date of
                           Termination at the rate in effect at the time Notice
                           of Termination is given;

                  B.       in lieu of any further salary payments to Employee
                           for periods subsequent to the Date of Termination, an
                           amount equal to the product of (a) Employee's Base
                           Salary at the rate in effect as of the Date of
                           Termination, multiplied by the number of months,
                           including partial months, remaining in the term of
                           this Agreement;

                  C.       all reasonable legal fees and other reasonable
                           expenses incurred by Employee as a result of such
                           termination.

         iv.      If the Company terminates Employee other than for Cause, or if
                  Employee terminates his employment for Good Reason, the
                  Company shall retain in full force and effect for the
                  continued benefit of Employee and his eligible dependents and
                  beneficiaries, until the last day of the term of this
                  Agreement, the employee benefits under the Company's Benefit
                  Plans that they were eligible to receive immediately prior to
                  the Date of Termination, subject to the terms and conditions
                  of the Benefit Plans, provided that Employee's continued
                  participation or the participation of such eligible dependents
                  or beneficiaries is possible under the general terms and
                  provisions of such Benefit Plans. In the event that Employee's
                  participation or the participation of such eligible dependents
                  or beneficiaries in any such Benefit Plan is barred, the
                  Company shall arrange to provide Employee or such eligible
                  dependents or beneficiaries for such period with benefits
                  substantially similar to those which Employee and such
                  eligible dependents or beneficiaries would be entitled to
                  receive under such Benefit


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                  Plans. At the end of the period of coverage, Employee shall
                  have the option to have assigned to him at no cost and with no
                  apportionment of prepaid premiums, any assignable insurance
                  policy owned by the Company and relating specifically to
                  Employee. The provisions of this subparagraph 6.(iv) shall be
                  in addition to and not in limitation of the provisions of
                  subparagraph 6.(v) below.

         v.       If the Employee shall be terminated by the Company other than
                  for Cause, or if Employee terminates his employment for Good
                  Reason, or if Employee shall die after such termination and
                  during what would otherwise be the term of this Agreement,
                  then, in addition to the other payment provided for in this
                  paragraph 6., Employee and his eligible dependents and
                  beneficiaries shall be entitled to receive from the Company
                  benefits equivalent to the retirement and death benefits they
                  would have been entitled to receive under the Company's
                  retirement and death benefit plans if Employee had been
                  employed pursuant to this Agreement throughout the entire term
                  of this Agreement, or to the date of his death, as the case
                  may be.

         vi.      Employee shall not receive payments of Base Salary under this
                  Agreement for any period during which Employee receives
                  payments under the Company's short or long-term disability
                  plans.

         vii.     Employee shall not be required to mitigate the amount of any
                  payment provided for in this paragraph 6. by seeking other
                  employment or otherwise, nor shall the amount of any payment
                  provided for in this paragraph 6. be reduced by any
                  compensation earned by Employee as the result of employment by
                  another employer after the Date of Termination, or otherwise.

         viii.    Employee's rights under deferred compensation agreements shall
                  be determined by the provisions contained herein.

7.       Confidential Information. During the course of his employment, Employee
         will have access to confidential records, data, formulae,
         specifications and secret inventions and processes owned and developed
         by the use in the course of the business of the Company and its
         subsidiaries and which will be disclosed to Employee in confidence.
         Employee agrees that he will not, during the term or after the
         conclusion of his employment by the Company, except as may be
         reasonably necessary or appropriate in connection with the performance
         by Employee of his duties as an executive of the Company or as may be
         authorized by the written consent of the Company, either directly or
         indirectly, use, publish or disclose, or authorized anyone else to use,
         publish or disclose, any proprietary knowledge or information
         concerning any such records, data, formulae, specifications, inventions
         or processes relating to the business of the Company and its
         subsidiaries.

8.       Successors: Binding Agreement.

         i.       The Company shall require any successor to all or
                  substantially all of the business or assets of the Company
                  (whether direct or indirect, by purchase, merger,
                  consolidation or otherwise), by agreement in form and
                  substance satisfactory to Employee, to expressly assume and
                  agree to perform this Agreement in the same manner and to the


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                  same extent that the Company would be required to perform if
                  no such succession had taken place. As used in this Agreement,
                  "Company" shall mean the Company as hereinbefore defined and
                  any successor to its business or assets as aforesaid which
                  executes and delivers the agreement provided for in this
                  paragraph 8. or which otherwise becomes bound by all the terms
                  and provisions of this Agreement by operation of law.

         ii.      This Agreement shall inure to the benefit of and be
                  enforceable by Employee's personal or legal representatives,
                  executors, administrators, successors, heirs, distributees,
                  devisees and legatees.

9.       Notice. For the purpose of this Agreement, notices and all other
         communications provided for in the Agreement shall be in writing and
         shall be deemed to have been duly given when delivered or mailed by
         certified mail, return receipt requested, postage prepaid, addressed as
         follows:

         If to the Employee:

                  Mr. Thomas J. Wright
                  3604 Ranlo Drive
                  Raleigh, North Carolina   27612

         If to the Company:

                  PCS Phosphate Company, Inc.
                  c/o Potash Corporation of Saskatchewan Inc.
                  500, 122 First Avenue South
                  Saskatoon, Saskatchewan S7K 7G3
                  Attention: Chief Executive Officer, PCS Inc.

         or to such other address as either party may have furnished to the
         other in writing in accordance herewith, except that notices of change
         of address shall be effective only upon receipt.

10.      Miscellaneous. No provision of this Agreement may be modified, waived
         or discharged unless such waiver, modification or discharge is agreed
         to in writing signed by Employee and an appropriate officer of the
         Company. No waiver by either party at any time of any breach by the
         other party of, or compliance with, any condition or provision of this
         Agreement to be performed by the other party shall be deemed a waiver
         of similar or dissimilar provisions or conditions at the same time or
         at any prior or subsequent time. The validity, interpretation,
         construction and performance of this Agreement shall be governed by the
         laws of the State of North Carolina.

11.      Validity. The invalidity or unenforceability of any provision of this
         Agreement shall not affect the validity or enforceability of any other
         provision of this Agreement.


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12.      Arbitration. Any dispute or controversy arising under or in connection
         with this Agreement shall be settled exclusively by arbitration in
         accordance with the rules of the American Arbitration Association then
         in effect. The decision of the arbitrator shall be final and binding on
         both parties. Judgment may be entered on the arbitrator's award in any
         court having jurisdiction.

13.      Headings. The headings contained herein are for reference purposes only
         and shall not in any way affect the meaning or interpretation of any
         provision of this Agreement.

14.      Sole Agreement: Upon the entering into this Agreement by both parties
         any previous contracts of employment between the parties are terminated
         and no longer of any force and effect.

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

                                                PCS PHOSPHATE COMPANY, INC.


                                                By: /s/
                                                   -----------------------------


                                                By: /s/
                                                   -----------------------------



                                                THOMAS J. WRIGHT

                                                /s/
                                                --------------------------------




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