Document:

exv10w6

 

Exhibit 10.6

SECOND AMENDMENT

TO

EMPLOYMENT AGREEMENT

     THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (“Second Amendment”) made and entered into as of
this 1st day of December, 2005, by and between SCI EXECUTIVE SERVICES, INC., a Delaware
corporation (the “Company”) wholly owned by SERVICE CORPORATION INTERNATIONAL, a Texas corporation
(the “Parent”), and R. L. WALTRIP (the “Employee”).

W I T N E S S E T H:

     WHEREAS, the Company and the Employee entered into an Employment Agreement effective January
1, 1998, as amended by the First Amendment to Employment Agreement effective February 25, 2003 (the
“Employment Agreement”), and the Parent guaranteed payment and performance under the Employment
Agreement; and

     WHEREAS, this Second Amendment is intended to modify the Employment Agreement in order to
comply with the applicable provisions of recently enacted Internal Revenue Code Section 409A.

     NOW THEREFORE, in consideration of the premises and the agreements herein contained, the
parties intending to continue to be legally bound by the Employment Agreement as amended by this
Second Amendment, hereby agree, effective as of December 31, 2005, as follows:

	 	1.	 	Notwithstanding the applicable provisions of this Employment Agreement
regarding timing of distribution of payments, the following special rules shall apply
in order for this Employment Agreement to comply with IRC §409A: (i) to the extent any
distribution to the Employee is payable at a time he is treated as a “specified
employee” (as defined under IRC §409A) and to the extent such applicable provisions of
IRC §409A require a delay of such distributions for a six month period after the date
of such Employee’s separation of service with the Company, the provisions of this
Employment Agreement shall be construed and interpreted as requiring a six month delay
in the commencement of such distributions thereunder, and (ii) in the event there are
any payments under this Employment Agreement that are required to be delayed by a six
month period in order to comply with IRC §409A, the payments that would have been paid
during such six month delay shall be accumulated and paid to the Employee in a single
lump sum within five business days after the end of such six month delay, and (iii) the
Company shall not have the discretion to prepay any continuing payments otherwise
provided under this Employment Agreement.
	 
	 	2.	 	To the extent of any compliance issues under Internal Revenue Code Section
409A, the Employment Agreement shall be construed in such a manner so as to comply with
the requirements of such provision so as to avoid any adverse tax consequences to the
Employee.

 

 

	 	3.	 	It is understood and agreed that the Second Amendment to this Employment
Agreement shall not constitute “Good Reason” for purposes of this Employment Agreement.
	 
	 	4.	 	The terms and provisions of the Employment Agreement, as amended hereby,
continue in full force and effect.

     IN WITNESS WHEREOF, the Employee and, pursuant to due authorization from the Board, the
Company have caused this Second Amendment to be executed as of the date first above written.

	 	 	 	 	 	 	 
	 	 	R. L. WALTRIP	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ R.L. Waltrip	 	 
	 	 	 	 	 
	 

	 	 	 	“EMPLOYEE”	 	 
	 
	 	 	 	 	 	 
	 	 	SCI EXECUTIVE SERVICES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:

Name:
	 	/s/ Curtis G. Briggs
 

Curtis G. Briggs
	 	 
	 

	 	Title:
	 	Vice President	 	 
	 

	 	 	 	“COMPANY”	 	 

     Pursuant to due authorization from its Board of Directors, the Parent, by its execution
hereof, absolutely and unconditionally guarantees to Employee the full and timely payment and
performance of each obligation of the Company to Employee under the Employment Agreement as amended
by this Second Amendment, waives any and all rights that it may otherwise have to require Employee
to proceed against the Company for nonpayment or nonperformance, waives any and all defenses that
would otherwise be a defense to this guarantee, and agrees to remain liable to Employee for all
payment and performance obligations of the Company under the Employment Agreement as amended by
this Second Amendment, whether arising before, on or after the date of this Second Amendment, until
the Employment Agreement shall terminate pursuant to its terms.

	 	 	 	 	 	 	 
	 	 	SERVICE CORPORATION	 	 
	 	 	INTERNATIONAL	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:

Name:
	 	/s/ James M. Shelger
 

James M. Shelger
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 

	 	 	 	General Counsel and Secretary	 	 
	 

	 	 	 	               “PARENT”	 	 

2exv10w12

 

Exhibit 10.12

ADDENDUM TO EMPLOYMENT

AND NONCOMPETITION AGREEMENT

     This Addendum to the Employment and Noncompetition Agreement (“Addendum”) between SCI
Executive Services, Inc., a Delaware Corporation (the “Company”) and the undersigned executive of
the Company (the “Employee”), is executed as of December 1, 2005.

     The Company and the Employee have previously entered into an Employment and Noncompetition
Agreement (“Agreement”).

     This Addendum is intended to (i) supplement and modify such Agreement in order to comply with
applicable provisions of the Internal Revenue Code Section 409A, and (ii) extend the term of the
Agreement.

     This Agreement is modified effective as of December 31, 2005 as follows:

	 	1.	 	Notwithstanding the applicable provisions of this Agreement regarding timing of
distribution of payments, the following special rules shall apply in order for this
Agreement to comply with IRC §409A: (i) to the extent any distribution is to a
“specified employee” (as defined under IRC §409A) and to the extent such applicable
provisions of IRC §409A require a delay of such distributions by a six month period
after the date of such Employee’s separation of service with the Company, the
provisions of this Agreement shall be construed and interpreted as requiring a six
month delay in the commencement of such distributions thereunder, and (ii) in the event
there are any installment payments under this Agreement that are required to be delayed
by a six month period in order to comply with IRC §409A, the monthly installments that
would have been paid during such six month delay shall be accumulated and paid to the
Employee in a single lump sum within five business days after the end of such six month
delay, and (iii) the Company shall not have the discretion to prepay any installment
payments otherwise provided under this Agreement.
	 
	 	2.	 	To the extent of any compliance issues under Internal Revenue Code Section
409A, the Agreement shall be construed in such a manner so as to comply with the
requirements of such provision so as to avoid any adverse tax consequences to the
Employee.
	 
	 	3.	 	The term of the Agreement is hereby extended to December 31, 2006.

     EXECUTED as of the date first written above.

	 	 	 	 	 	 	 	 	 
	SCI Executive Services, Inc.	 	 	 	Employee	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	   /s/ Curtis G. Briggs
 

	 	 	 	    /s/ Thomas L. Ryan
 

	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	Curtis G. Briggs
	 	 	 	Name: Thomas L. Ryan	 	 
	Title:

	 	Vice Presidentexv10w14

 

Exhibit 10.14

ADDENDUM TO EMPLOYMENT

AND NONCOMPETITION AGREEMENT

     This Addendum to the Employment and Noncompetition Agreement (“Addendum”) between SCI
Executive Services, Inc., a Delaware Corporation (the “Company”) and the undersigned executive of
the Company (the “Employee”), is executed as of December 1, 2005.

     The Company and the Employee have previously entered into an Employment and Noncompetition
Agreement (“Agreement”).

     This Addendum is intended to (i) supplement and modify such Agreement in order to comply with
applicable provisions of the Internal Revenue Code Section 409A, and (ii) extend the term of the
Agreement.

     This Agreement is modified effective as of December 31, 2005 as follows:

	 	1.	 	Notwithstanding the applicable provisions of this Agreement regarding timing of
distribution of payments, the following special rules shall apply in order for this
Agreement to comply with IRC §409A: (i) to the extent any distribution is to a
“specified employee” (as defined under IRC §409A) and to the extent such applicable
provisions of IRC §409A require a delay of such distributions by a six month period
after the date of such Employee’s separation of service with the Company, the
provisions of this Agreement shall be construed and interpreted as requiring a six
month delay in the commencement of such distributions thereunder, and (ii) in the event
there are any installment payments under this Agreement that are required to be delayed
by a six month period in order to comply with IRC §409A, the monthly installments that
would have been paid during such six month delay shall be accumulated and paid to the
Employee in a single lump sum within five business days after the end of such six month
delay, and (iii) the Company shall not have the discretion to prepay any installment
payments otherwise provided under this Agreement.
	 
	 	2.	 	To the extent of any compliance issues under Internal Revenue Code Section
409A, the Agreement shall be construed in such a manner so as to comply with the
requirements of such provision so as to avoid any adverse tax consequences to the
Employee.
	 
	 	3.	 	The term of the Agreement is hereby extended to December 31, 2006.

     EXECUTED as of the date first written above.

	 	 	 	 	 	 	 	 	 
	SCI Executive Services, Inc.	 	 	 	Employee	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	   /s/ Curtis G. Briggs
 

	 	 	 	   /s/ Michael R. Webb
 

	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	Curtis G. Briggs
	 	 	 	Name: Michael R. Webb	 	 
	Title:

	 	Vice Presidentexv10w16

 

Exhibit 10.16

ADDENDUM TO EMPLOYMENT

AND NONCOMPETITION AGREEMENT

     This Addendum to the Employment and Noncompetition Agreement (“Addendum”) between SCI
Executive Services, Inc., a Delaware Corporation (the “Company”) and the undersigned executive of
the Company (the “Employee”), is executed as of December 1, 2005.

     The Company and the Employee have previously entered into an Employment and Noncompetition
Agreement (“Agreement”).

     This Addendum is intended to (i) supplement and modify such Agreement in order to comply with
applicable provisions of the Internal Revenue Code Section 409A, and (ii) extend the term of the
Agreement.

     This Agreement is modified effective as of December 31, 2005 as follows:

	 	1.	 	Notwithstanding the applicable provisions of this Agreement regarding timing of
distribution of payments, the following special rules shall apply in order for this
Agreement to comply with IRC §409A: (i) to the extent any distribution is to a
“specified employee” (as defined under IRC §409A) and to the extent such applicable
provisions of IRC §409A require a delay of such distributions by a six month period
after the date of such Employee’s separation of service with the Company, the
provisions of this Agreement shall be construed and interpreted as requiring a six
month delay in the commencement of such distributions thereunder, and (ii) in the event
there are any installment payments under this Agreement that are required to be delayed
by a six month period in order to comply with IRC §409A, the monthly installments that
would have been paid during such six month delay shall be accumulated and paid to the
Employee in a single lump sum within five business days after the end of such six month
delay, and (iii) the Company shall not have the discretion to prepay any installment
payments otherwise provided under this Agreement.
	 
	 	2.	 	To the extent of any compliance issues under Internal Revenue Code Section
409A, the Agreement shall be construed in such a manner so as to comply with the
requirements of such provision so as to avoid any adverse tax consequences to the
Employee.
	 
	 	3.	 	The term of the Agreement is hereby extended to December 31, 2006.

     EXECUTED as of the date first written above.

	 	 	 	 	 	 	 	 	 
	SCI Executive Services, Inc.	 	 	 	Employee	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	   /s/ Curtis G. Briggs
 

	 	 	 	/s/ Jeffrey E. Curtiss
 

	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	Curtis G. Briggs
	 	 	 	Name: Jeffrey E. Curtiss	 	 
	Title:

	 	Vice President

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