Document:

<PAGE>
                                                                    EXHIBIT 10.X

                            AGREEMENT TO RESTATE THE
                         BALANCE OF CERTAIN COMPENSATION

THIS AGREEMENT, dated as of ________________, 200___, is made by and between
_______________________ (the "Executive") and El Paso Corporation (the
"Company").

                              W I T N E S S E T H:

WHEREAS, the Executive has been and continues to be a valued key executive of
the Company; and

WHEREAS, the Company intends to loan an amount to a trust created by the
Executive (the "Trust"); and

WHEREAS, the Executive agrees to restate the balance of certain compensation
payable to the Executive under the Company's [Deferred Compensation Plan]
[Supplemental Benefits Plan] as is set forth in paragraph 2 below.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree as follows, intending to be
legally bound, effective as of __________________, 200___.

1.       The Company agrees to provide a loan to the Trust. The terms of the
         loan shall be documented by a Promissory Note (the "Note") to be
         executed by the Trust.

2.       In consideration for the Company's promise to make the loan, [the
         Executive's account balance in the Company's Deferred Compensation Plan
         shall be reduced [to zero] [by $____________]] [and the Executive's
         interest in the Company's Supplemental Benefits Plan shall be reduced
         [to zero] [by $_____________]],effective as of the date of such loan,
         but shall not affect the Executive's right to continue to accrue
         benefits under said plan(s).

3.       If the Executive recognizes any taxable income as a result of entering
         into this Agreement, and if such recognition would generally result in
         an income tax deduction for the Company, then the Company shall make a
         payment to the Executive (or to the Executive's estate, if the
         Executive has died) equal to the amount determined by dividing forty
         percent (40%) of the taxable income by sixty percent (60%).

4.       The Executive agrees that (i) the Company has not advised the Executive
         as to any financial or tax risks associated with this Agreement or the
         Note to be entered into pursuant to this Agreement; (ii) the Executive
         has relied solely on his personal advisors in deciding to enter into
         this Agreement and the related transactions; and, (iii) the Executive
         (as his successors, heirs and assigns) assume responsibility for any
         tax or financial risks incurred by the Executive (or his successors,
         heirs and assigns) resulting from the transaction.

<PAGE>

IN WITNESS WHEREOF, the parties hereby execute this Agreement, intending to be
legally bound as of the effective date set forth above.

EXECUTIVE:                                  COMPANY:

                                            El Paso Corporation

                                            By:
------------------------------------          ----------------------------------
Printed Name:                               Printed Name:
             -----------------------                    ------------------------

------------------------------------        ------------------------------------
Date                                        Date

<PAGE>
                           BENEFIT PLAN(S) FROM WHICH
              AGREEMENT TO RESTATE BALANCE OF CERTAIN COMPENSATION
                       REDUCED AMOUNTS AND AMOUNTS REDUCED

                             PLAN(S) FROM WHICH
                                 RESTATEMENT                     AMOUNTS
                              REDUCED AMOUNTS                    REDUCED
NAME OF PARTICIPANT                (1)(2)                          ($)
-------------------          ------------------                  -------
Byron Allumbaugh          1995 Compensation Plan for            $1,820,000
                          Non-Employee Directors

H. Brent Austin           Supplemental Benefits Plan            $  600,000

Greg G. Jenkins           Deferred Compensation Plan            $  400,000
                          Supplemental Benefits Plan            $  100,000

Joel Richards III         Supplemental Benefits Plan            $1,000,000

Britton White Jr.         Supplemental Benefits Plan            $1,000,000

William A. Wise           Supplemental Benefits Plan            $5,000,000

(1) 1995 Compensation Plan for Non-Employee Directors means the El Paso
    Corporation 1995 Compensation Plan for Non-Employee Directors amended and
    restated effective as of January 29, 2002, as amended.

(2) Supplemental Benefits Plan means the El Paso Corporation Supplemental
    Benefits Plan amended and restated effective as of December 7, 2001, and
    Deferred Compensation Plan means the El Paso Corporation Deferred
    Compensation Plan amended and restated effective as of December 3, 1998, as
    amended.

<PAGE>
                                 PROMISSORY NOTE

  $________.00            HOUSTON, HARRIS COUNTY, TEXAS     ______________, 2001

                 FOR VALUE RECEIVED, the undersigned, [Name of Trust] ("Maker"
  or "Trust") having a mailing address of ____________________, Houston, Texas
  __________, promises to pay to the order of EL PASO CORPORATION, a Delaware
  corporation (together with its successors and assigns, "Holder"), at its
  address, 1001 Louisiana Street, Houston, Texas 77002, or at such other place
  as Holder of this Note may direct, at maturity (as provided below) the
  principal sum of _____________________________________________
  ________________ AND NO/100 DOLLARS ($___________.00), together with interest
  on said principal remaining unpaid hereunder and from time to time advanced
  and outstanding hereunder until paid, at the rate per annum as is set forth on
  Schedule A attached hereto.

                 Principal and interest on this Note shall be payable as
                 follows:

                 Interest on the unpaid principal balance of this Note shall
                 accrue commencing on the Loan Date (as hereinafter defined and
                 as set forth on Schedule A attached hereto) until such
                 principal balance is paid in full, and shall be due and
                 payable, together with the entire unpaid principal balance of
                 this Note, at maturity, which shall be the ninetieth (90th) day
                 following the death of the [Insured] [last survivor of the
                 Insureds] listed on Schedule A attached hereto.

                 Interest charges will be calculated on amounts advanced
  hereunder on the actual number of days said amounts are outstanding on the
  basis of a 365/366 day year, as the case may be. It is the intention of Maker
  and Holder to conform strictly to all applicable usury laws. It is therefore
  agreed that (i) in the event that the maturity hereof is accelerated by reason
  of an election by Holder, or if same is prepaid prior to maturity, or if any
  transaction contemplated hereby would otherwise be usurious under applicable
  law, then, in that event, all unearned interest and any other amount that
  would be excessive interest under applicable law shall be cancelled
  automatically or, if theretofore paid, shall either be refunded to Maker or
  credited on the unpaid principal amount of this Note, whichever remedy is
  chosen by Holder, (ii) the aggregate of all interest and other charges
  constituting interest under applicable law and contracted for, chargeable or
  receivable under this Note or otherwise in connection with the transaction for
  which this Note is given shall never exceed the maximum amount of interest,
  nor produce a rate in excess of the maximum rate of interest (the "Highest
  Non-Usurious Rate") that Holder may charge Maker under applicable law, and
  (iii) if any excess interest is provided for, it shall be deemed a mistake and
  the same shall either be refunded to Maker or credited on the unpaid principal
  amount hereof and this Note shall be automatically deemed reformed so as to
  permit only the contracting for, charging, receiving or collection of the
  maximum legal non-usurious rate and amount of interest. All sums paid or
  agreed to be paid to the Holder of this Note for the use, forbearance or
  detention of the indebtedness evidenced

                                                                ----------------
                                                                Maker's Initials
                                  Page 1 of 5
<PAGE>

  hereby, to the full extent allowed by applicable law, shall be amortized,
  prorated, allocated and spread through the full term of the indebtedness
  evidenced by this Note.

                 Maker agrees that the entire principal sum advanced hereunder
  shall be used to pay a premium on the life insurance policy (the "Policy")
  described in Schedule A attached hereto, and that no part of the principal sum
  shall be used for any other purpose. The "Loan Date" shall be the date on
  which the Holder advances the principal sum of this Note to Maker, or if Maker
  instructs Holder to pay such principal sum directly to the insurer issuing the
  Policy, the date on which Holder pays the amount to the insurer.

                 Maker agrees to take all reasonable steps to ensure payment of
  the Policy death benefit promptly following the [death of the Insured] [death
  of the last survivor of the Insureds], and further agrees to refrain from
  making any distributions attributable to the receipt of Policy death benefits
  to Trust beneficiaries or other parties until Maker has received written
  notification from Holder (such notification not to be unreasonably withheld)
  that the full amount due Holder under this Note has been received.

                 All payments hereon shall be made in lawful money of the United
  States of America to the order of the Holder at the address set forth above or
  at such other place as Holder may designate in writing to Maker from time to
  time. This Note may be prepaid by Maker in whole or in part at any time
  without penalty or notice. Whenever any payment to be made under this Note
  shall be stated to be due on a Saturday, Sunday or a day on which commercial
  banks in Texas are authorized or required by law to close (any other day being
  a "Business Day"), such payment may be made on the next succeeding Business
  Day, and such extension of time shall in such case be included in the
  computation of interest payable hereunder.

                 Maker agrees that the Policy shall be owned solely by Maker,
  that the Trust shall be designated as beneficiary to receive the Policy death
  benefit or any benefit paid at policy maturity, and that no other person or
  entity will have any interest in the Policy, except as otherwise provided
  herein. Also, Maker shall not surrender the Policy, in whole or in part,
  withdraw cash value from or borrow from the Policy), or otherwise pledge or
  encumber the Policy, except as expressly permitted by the terms of this Note.
  Maker further agrees that an event of default under this Note shall be deemed
  to occur upon the occurrence of any of the following events:

(1)      Maker fails to pay the Policy premium within the time allowed by the
         terms of this Note (including any extensions permitted hereunder).

(2)      Maker attempts to transfer all or any part of its interest in the
         Policy to any party, except that a transfer of Policy rights to a
         successor trustee under the terms of the Trust shall not be deemed a
         transfer for the purpose of this sentence.

(3)      Maker surrenders the Policy in whole or in part, or borrows from or
         withdraws cash value from the Policy or otherwise pledges or encumbers
         the Policy.

                                                                ----------------
                                                                Maker's Initials
                                  Page 2 of 5

<PAGE>

(4)      Maker reduces the face amount of the Policy without the consent of
         Holder, but only if the face amount reduction results in distribution
         of policy cash values.

                 The obligations created by this Note are obligations of Maker
  only, and no individual or entity who is a trustee of the Trust shall have any
  personal responsibility or liability with respect to this Note, except in such
  party's fiduciary capacity as a trustee. In addition, no beneficiary of the
  Trust, or creator of the Trust, shall have any personal responsibility or
  liability with respect to this Note, except to the extent of any Policy death
  benefits paid to any such beneficiary, in which case Holder may pursue
  available legal remedies to recover any such amount, if Holder has not
  received payment of the full amount due to Holder, for application to any
  amounts outstanding under this Note.

                 Maker, the creator of the Trust, and any trustee or beneficiary
  of the Trust shall not be responsible for paying any additional amounts as
  Policy premiums, even if it becomes necessary to do so to prevent the Policy
  from lapsing. However, any such party or Holder, in its sole discretion, may
  pay additional Policy premiums as it elects.

                 Holder may transfer or assign its rights under this Note to any
  individual or entity without the consent of Maker, and Holder shall give Maker
  notice of any such transfer or assignment; provided, however, that Holder
  shall not be liable to Maker for any failure to give any such notice, nor
  shall failure to do so impair the effectiveness of such assignment or
  transfer.

                 In the event of default in the payment of any installment of
  principal or interest when due hereunder, or upon the occurrence of any event
  of default under this Note or any document or instrument executed in
  connection with or as security for this Note, or upon failure in performance
  of any covenant, agreement, or obligation to be performed under this Note or
  any documents executed in connection with or as security for this Note, Holder
  may declare the entirety of this Note, outstanding principal and accrued and
  unpaid interest, immediately due and payable without any notice of any kind,
  including, without limitation, any notice of acceleration or of intent to
  accelerate, and failure to exercise said option shall not constitute a waiver
  on the part of Holder of the right to exercise the same at any other time.

                 No security taken for the payment of this Note shall affect the
  liability of any person liable for payment of this Note. Holder may require
  payment by Maker and any surety, endorser, or guarantor hereof without first
  resorting to any security for this Note, and no judgment taken against any
  such party shall terminate any lien, security interest or other interest of
  Holder in said security.

                 Maker consents to the release or discharge of any party liable
  hereon (including any of the undersigned) and to the release or impairment of
  any collateral for this Note by Holder.

                 All past due principal and interest on this Note shall bear
  interest from maturity of such principal or interest (in whatever manner same
  may be brought about) until paid at the

                                                                ----------------
                                                                Maker's Initials
                                  Page 3 of 5

<PAGE>

  Highest Non-Usurious Rate. To the extent the Highest Non-Usurious Rate is
  determined by reference to the laws of the State of Texas, same shall be
  determined by reference to the "weekly ceiling" (as defined and described in
  the Texas Finance Code Section 303.003, as amended, as limited by the Texas
  Finance Code Section 303.009, as amended) at the applicable time in effect;
  provided, however, that to the fullest extent permitted by all applicable
  usury laws, the Holder shall have the right to change, from time to time, by
  further written notice and disclosure to the Maker, the ceiling upon which the
  Highest Non-Usurious Rate is based to the extent it is based thereon. In the
  event default is made in the payment of this Note in whatever manner its
  maturity may be brought about, and it is placed in the hands of an attorney
  for collection, or is collected through probate, bankruptcy or other
  proceedings, Maker promises to pay all costs and reasonable attorneys' fees
  incurred by Holder as a result thereof.

                 Maker and every surety, endorser and guarantor of this Note
  waive, to the fullest extent permitted by law, grace, notice, demand,
  presentment for payment, notice of non-payment, protest, notice of protest,
  notice of intention to accelerate, notice of acceleration of the indebtedness
  due hereunder and all other notice, filing of suit and diligence in collecting
  this Note, and the enforcing of any of the security rights of Holder, and
  consent and agree that the time of payment hereof may be extended without
  notice at any time and from time to time, and for periods of time whether or
  not for a term or terms in excess of the original term hereof, without notice
  or consideration to, or consent from, any of them.

                 Any prepayment sums received by Holder shall be applied to the
  payments of any accrued and unpaid interest, with any excess applied to reduce
  the principal balance of this Note.

                 Time is of the essence with respect to all time periods set
  forth in this Note.

                 No modification or waiver of any of the provisions of this Note
  shall be effective unless in writing, signed by Holder, and only to the extent
  set forth therein; and no waiver shall be effective except in the specific
  instance for which given; and no failure Holder of this Note to exercise, and
  no delay in exercising, any right or remedy hereunder or under any other
  document, instrument or agreement shall constitute a waiver thereof on the
  part of Holder; nor shall any single or partial exercise of any right or
  remedy hereunder or under any other document, instrument or agreement preclude
  any other or further exercise thereof or the exercise of any other right or
  remedy.

                 Any notice, demand or request relating in any manner to this
  Note shall be in writing and shall be deemed effective (i) if mailed, three
  business days after being deposited in the mails, postage prepaid by certified
  mail, return receipt requested, or (ii) if delivered, upon delivery, in each
  such case to Maker or to Holder hereof at its address above stated, unless
  such address is changed by written notice hereunder.

                 This Note is made and delivered in the State of Texas, with
  reference to the laws of said state and it is understood and agreed that the
  legality, enforceability and construction hereof shall be governed by the laws
  of the State of Texas and the United States of America.

                                                                ----------------
                                                                Maker's Initials
                                  Page 4 of 5

<PAGE>

                 The terms and provisions hereof shall be binding upon and inure
  to the benefit of Maker and the heirs, personal representatives, successors
  and assigns of Maker and Holder; provided, however, that Maker may not assign
  any of its rights or obligations hereunder without the prior written consent,
  in its sole discretion, of Holder.

                 EXECUTED EFFECTIVE the day and year first written above.

                                              "Maker":    [Name of Trust]
                                                     ---------------------------

                                              By:
                                                 -------------------------------
                                              Printed Name:_________, as Trustee

                                              ----------------------------------
                                              Date

                                                                ----------------
                                                                Maker's Initials
                                  Page 5 of 5

<PAGE>

                                   SCHEDULE A

                  LOAN INTEREST RATE:  _______% per annum, compounded
                  semi-annually, subject to the usury savings provisions of
                  this Note

                  LOAN DATE:

                  POLICY:

                           Insurer:

                           Policy Number:

                           Insured(s):

<PAGE>

                                 PROMISSORY NOTE
                                  LOAN AMOUNTS

<TABLE>
<CAPTION>

                                                                        AMOUNT          INTEREST
                                                                      OF LOAN(s)          RATE
NAME OF PARTICIPANT               NAME OF TRUST(s)                    ($)(1)(2)           (%)
-------------------               ----------------                    ----------        --------
<S>                        <C>                                        <C>               <C>
Byron Allumbaugh           The Lawrence Allumbaugh 2002               $3,276,000        5.41%
                           Trust; The James Allumbaugh 2002
                           Trust; The Alison Strobel 2002 Trust;
                           The Scott Heger 2002 Trust

H. Brent Austin            Brent and Joanne Austin Family Trust       $1,080,000        4.99%

Gregg G. Jenkins           Greg and Sheila Jenkins Family Trust       $  900,000        4.99%

Joel Richards III          Joel and Cathy Richards Family Trust       $1,800,000        4.99%

Britton White, Jr.         White/Odenthal Family Trust                $1,800,000        4.99%

William A. Wise            Wise 2001 Family Trust                     $9,000,000        4.99%
</Table>

(1) The amount reflected for Mr. Allumbaugh consists of four loans each in the
    amount of $819,000.

(2) The amount reflected for Mr. Wise consists of two loans each in the amount
    of $4,500,000.<PAGE>

                                                                    EXHIBIT 10.Y

                               EL PASO CORPORATION

                        INTERIM CEO EMPLOYMENT AGREEMENT

         This Employment Agreement (the "Agreement") is entered into as of March
12, 2003, (the "Effective Date") by and between El Paso Corporation (the
"Company") and you, Ronald L. Kuehn, Jr.

         1. Duties and Scope of Employment.

                  (a) Positions and Duties. As of the Effective Date, you will
serve as Chief Executive Officer of the Company. In addition, during the period
of your employment under this Agreement (the "Employment Term"), you will also
serve as Chairman of the Company's Board of Directors ("the Board") so long as
you are a member of the Board.

                  (b) Obligations. During the Employment Term and in return for
the consideration set forth in Section 3 of this Agreement, you will perform
your duties faithfully and to the best of your ability and will devote your full
business efforts and time to the Company. Notwithstanding the foregoing, you may
continue to serve as a member of the Board of Directors of any company on whose
Board of Directors you serve as of the Effective Date.

         2. At-Will Employment. The parties agree that your employment with the
Company will be "at-will" employment and may be terminated at any time with or
without cause or notice.

         3. Compensation.

                  (a) Base Salary. During the Employment Term, the Company will
pay you a monthly salary of $100,000 in accordance with the Company's normal
payroll practices as compensation for your services hereunder (the "Base
Salary").

                  (b) Bonus. You will be eligible to earn a target bonus of an
amount equal to 100% of Base Salary based on the achievement of Company and
individual performance objectives as determined by the Compensation Committee of
the Board (the "Bonus"). The Bonus, if any, will be payable upon the earlier of
(i) your continued employment through the first anniversary of the Effective
Date, (ii) at such time that the Company pays its annual bonus to other
similarly-situated executives of the Company or (iii) the start date of a
permanent Chief Executive Officer following the Company's appointment of such
individual (a "CEO Appointment"); provided, however, that you will only receive
a pro-rated portion of the Bonus if the Bonus is paid upon a CEO Appointment
(with the amount of the Bonus based on the number of full months (rounded up to
the nearest whole month) you were employed hereunder prior to the CEO
Appointment and assuming all performance objectives were fully met).

<PAGE>

                  (c) New Incentive Awards. Subject to approval by the
Compensation Committee of the Board, the Company will grant you under the
Company's 2001 Omnibus Incentive Compensation Plan (the "Compensation Plan") (i)
50,000 shares of restricted common stock of the Company (the "Stock Award"), and
(ii) a non-qualified stock option to purchase, at the per-share fair market
value on the date of grant, 125,000 shares of Company common stock (the "Option
Grant" and together with the Stock Award, the "Incentive Awards"). The Incentive
Awards will vest on the earlier of (i) your continued employment through the
first anniversary of the Effective Date, or (ii) a CEO Appointment. Upon any
termination of your employment hereunder, you will have three (3) years to
exercise any vested shares subject to the Option Grant. Except as specified in
this Agreement, the Incentive Awards will be governed by the terms and
provisions of the Compensation Plan and applicable grant letter reflecting your
Stock Award and your Option Grant (the "Grant Letter").

                  (d) Existing Options. It is understood that, as of the
Effective Date, you will no longer serve as the Company's Lead Director.
Accordingly, the stock options granted to you on account of your status as Lead
Director will terminate and be forfeited back to the Company pursuant to their
terms.

         4. Employee Benefits. During the Employment Term, you will be entitled
to participate in the employee benefit plans currently and hereafter maintained
by the Company of general applicability to other senior executives of the
Company. You will also continue to be eligible for the benefits provided in
Sections 4(c) and (d) of the Termination and Consulting Agreement entered into
by and between you and the Company on October 25, 1999 (the "Consulting
Agreement") pursuant to the terms and conditions of the Consulting Agreement.
Notwithstanding the foregoing, you will not be eligible to participate in the
Company's Key Executive Severance Protection Plan.

         5. Expenses and Perquisites. The Company will reimburse the reasonable
travel, entertainment or other expenses incurred by you in the furtherance of or
in connection with the performance of your duties hereunder, in accordance with
the Company's expense reimbursement policy as in effect from time to time. In
addition, during the Employment Term, the Company will maintain a furnished
corporate apartment for you in Houston, Texas (on a tax-neutral basis to you).
You also will be eligible to use the Company's airplane for business-related
travel and other business-enhancement travel pursuant to the policy adopted by
the Company's Compensation Committee from time to time. With the exception of
the foregoing, you will not be eligible to receive the perquisites provided to
other executives.

         6. Severance.

                  (a) Termination other than for Cause or for Good Reason. If
the Company terminates your employment other than for Cause, death or Disability
or you terminate your employment for Good Reason, then you will be entitled to
receive (i) a lump-sum payment in the amount of your accrued and earned, but
unpaid, Base Salary and benefits and (ii) a lump-sum payment in the amount of
one month of Base Salary. In addition, if such termination occurs prior to a CEO
Appointment, you will be entitled to (i) a lump-sum payment of a pro-rated
portion of your Bonus assuming all performance objectives were fully met, and
(ii) full accelerated vesting of the Incentive Awards.

                                      -2-
<PAGE>

                  (b) Other Termination. If the Company terminates your
employment for Cause, you terminate your employment without Good Reason or your
employment terminates due to your death or Disability, then (i) all payments of
compensation by the Company to you hereunder will terminate immediately (except
as to amounts already earned), and (ii) you will only be eligible for severance
benefits, if any, in accordance with the Company's established policies as then
in effect.

         7. Definitions.

                  (a) Cause. For purposes of this Agreement, "Cause" means (i)
your non-performance of your duties hereunder to the reasonable satisfaction of
the Board as determined in good faith by the Board, (ii) an act by you that
constitutes material misconduct and is injurious to the Company, (iii) a breach
by you of a material provision of this Agreement, (iv) a material violation by
you of a federal or state law or regulation applicable to the business of the
Company which is injurious to the Company, or (v) your conviction or plea of
guilty or no contest to a felony. With respect to clause (i), two-thirds of the
Board (excluding you or your designee) must make such determination before you
may be terminated for "Cause."

                  (b) Disability. For purposes of this Agreement, "Disability"
means your inability to perform the duties and obligations hereunder because of
any medically determinable physical or mental impairment that can be expected to
result in death or that has lasted or can be expected to last for a continuous
period of not less than twelve (12) months, in each case as determined by the
Board (excluding you or your designee), in its discretion.

                  (c) Good Reason. For purposes of this Agreement, "Good Reason"
means (without your consent) (i) a material reduction in your title, authority,
level of reporting, status, or responsibilities, or (ii) a reduction in the
aggregate level of your Base Salary or Bonus by more than 10%, other than
similar reductions for other senior executives of the Company.

         8. Assignment. This Agreement will be binding upon and inure to the
benefit of (i) the heirs, executors and legal representatives of you upon your
death and (ii) any successor of the Company. None of your rights to receive any
form of compensation payable pursuant to this Agreement may be assigned or
transferred except by will or the laws of descent and distribution.

         9. Severability. In the event that any provision hereof becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or
void, this Agreement will continue in full force and effect without said
provision.

         10. Arbitration. You agree that any and all controversies, claims, or
disputes with anyone (including the Company and any employee, officer, director,
shareholder or benefit plan of the Company in their capacity as such or
otherwise) arising out of, relating to, or resulting from your service to the
Company under this Agreement or otherwise or the termination of your service
with the Company, including any breach of this Agreement, will be subject to
binding arbitration. You further understand that this Agreement to arbitrate
also applies to any disputes that the Company may have with you. You agree that
any arbitration will be administered in Houston, Texas by the American
Arbitration Association and that a neutral arbitrator will be selected in a
manner consistent with its National Rules for the Resolution of Employment
Disputes.

                                      -3-
<PAGE>

         11. Integration. This Agreement, the Compensation Plan, the Grant
Letter, the Consulting Agreement (as applicable) and any other agreements
incorporated herein by reference represent the entire agreement and
understanding between the parties as to the subject matter herein and supersede
all prior or contemporaneous agreements whether written or oral. No waiver,
alteration, or modification of any of the provisions of this Agreement will be
binding unless in writing and signed by duly authorized representatives of the
parties hereto.

         12. Tax Withholding. All payments made pursuant to this Agreement will
be subject to withholding of applicable taxes.

         13. Governing Law. This Agreement will be governed by the laws of the
State of Texas (with the exception of its conflict of laws provisions).

                   Remainder of Page Intentionally Left Blank

                                      -4-
<PAGE>

         IN WITNESS WHEREOF, each of the parties has executed this Agreement, in
the case of the Company by their duly authorized officers, as of the day and
year first above written.

COMPANY:

EL PASO CORPORATION

By:      /s/ Joe B. Wyatt                            Date:  March 31, 2003
         --------------------------------                   ------------------
Title:   Chairman, Compensation Committee
         Board of Directors

EXECUTIVE:

/s/ Ronald L. Kuehn, Jr.                             Date:  as of 3/12/03
------------------------------------------                  ------------------
Ronald L. Kuehn, Jr.

     Signature Page to El Paso Corporation Interim CEO Employment Agreement

                                      -5-

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