AMENDED EXECUTIVE EMPLOYMENT AGREEMENT
This Amended Executive Employment Agreement ("Amendment Agreement") is
entered into as of this 14th day of November, 1996, by and between QUIXOTE
CORPORATION, a Delaware corporation (the "Company"), and MYRON R. SHAIN, of
Palos Hills, Illinois (the "Executive").
RECITALS:
WHEREAS, the Company and Executive are parties to an Executive
Employment Agreement dated as of June 24, 1991 ("Agreement"); and
WHEREAS, the parties desire to amend the Agreement to permit
Executive to accept outside directorships and to serve in such positions for
or without compensation;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, the parties agree as follows:
1. Section 2 of the Agreement is hereby amended as of the date
hereof to read as follows:
2. POSITION AND DUTIES. The Executive shall serve as
Executive Vice President-Finance, Treasurer and Chief Financial Officer of
the Company with such duties and responsibilities as may from time to time be
determined by the President with the approval of the Chairman. During the
term of this Agreement, the Executive will devote his entire time during
reasonable business hours to the performance of his duties under this
Agreement and will not, without the consent of the Board, engage directly or
indirectly in any other business for compensation or profit. Notwithstanding
the above, the Executive may accept outside directorships and serve in such
positions for or without compensation, and may engage in activities in
connection with his personal investments, as long as such positions and
activities do not interfere with the performance of the Executive's duties
hereunder.
2. Except as provided in Section 1, above, there shall be no
other changes to the Agreement.
IN WITNESS WHEREOF, the Company and Executive have executed this
Amendment Agreement as of the day and year first above written.
QUIXOTE CORPORATION MYRON R. SHAIN
By: /s/ Philip E. Rollhaus Jr. /s/ Myron R. Shain
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Its: Chairman and Chief Executive
Officer
ATTEST:
/s/ Joan R. Riley
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AMENDED EXECUTIVE EMPLOYMENT AGREEMENT
This Amended Executive Employment Agreement ("Amendment Agreement")
is entered into as of this 14th day of November, 1996, by and between QUIXOTE
CORPORATION, a Delaware corporation (the "Company"), and JAMES H. DEVRIES, of
Winnetka, Illinois (the "Executive").
RECITALS:
WHEREAS, the Company and Executive are parties to an Executive
Employment Agreement dated as of June 24, 1991 ("Agreement"); and
WHEREAS, the parties desire to amend the Agreement to permit
Executive to accept outside directorships and to serve in such positions for
or without compensation;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, the parties agree as follows:
1. Section 2 of the Agreement is hereby amended as of the date
hereof to read as follows:
2. POSITION AND DUTIES. The Executive shall serve as
Executive Vice President, Secretary and General Counsel of the Company with
such duties and responsibilities as may from time to time be determined by
the President with the approval of the Chairman. During the term of this
Agreement, the Executive will devote his entire time during reasonable
business hours to the performance of his duties under this Agreement and will
not, without the consent of the Board, engage directly or indirectly in any
other business for compensation or profit. Notwithstanding the above, the
Executive may accept outside directorships and serve in such positions for or
without compensation, and may engage in activities in connection with his
personal investments, as long as such positions and activities do not
interfere with the performance of the Executive's duties hereunder.
2. Except as provided in Section 1, above, there shall be no other
changes to the Agreement.
IN WITNESS WHEREOF, the Company and Executive have executed this
Amendment Agreement as of the day and year first above written.
QUIXOTE CORPORATION JAMES H. DEVRIES
By: /s/ Philip E. Rollhaus Jr. /s/ James H. DeVries
----------------------------- --------------------------
Its: Chairman and Chief Executive
Officer
ATTEST:
/s/ Joan R. Riley
- ----------------------
AMENDED EXECUTIVE EMPLOYMENT AGREEMENT
This Amended Executive Employment Agreement ("Amendment Agreement")
is entered into as of this 14th day of November, 1996, by and between QUIXOTE
CORPORATION, a Delaware corporation (the "Company"), and PHILIP E. ROLLHAUS,
JR., of Chicago, Illinois (the "Executive").
RECITALS:
WHEREAS, the Company and Executive are parties to an Executive
Employment Agreement dated as of June 24, 1991 ("Agreement"); and
WHEREAS, the parties desire to amend the Agreement to permit
Executive to accept outside directorships and to serve in such positions for
or without compensation;
NOW, THEREFORE, in consideration of the premises and the mutual
covenants hereinafter contained, the parties agree as follows:
1. Section 2 of the Agreement is hereby amended as of the date
hereof to read as follows:
2. POSITION AND DUTIES. The Executive shall serve as
Chairman and Chief Executive Officer of the Company with such duties and
responsibilities as may from time to time be determined by the President with
the approval of the Chairman. During the term of this Agreement, the
Executive will devote his entire time during reasonable business hours to the
performance of his duties under this Agreement and will not, without the
consent of the Board, engage directly or indirectly in any other business for
compensation or profit. Notwithstanding the above, the Executive may accept
outside directorships and serve in such positions for or without
compensation, and may engage in activities in connection with his personal
investments, as long as such positions and activities do not interfere with
the performance of the Executive's duties hereunder.
2. Except as provided in Section 1, above, there shall be no other
changes to the Agreement.
IN WITNESS WHEREOF, the Company and Executive have executed this
Amendment Agreement as of the day and year first above written.
QUIXOTE CORPORATION PHILIP E. ROLLHAUS, Jr.
By: /s/ James H. DeVries /s/ Philip E. Rollhaus, Jr.
-------------------------- ----------------------------
Its: Executive Vice President
ATTEST:
/s/ Joan R. Riley
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