EXHIBIT 10.19
2005 AMENDMENT TO
EMPLOYMENT CONTRACT
AMONG:
TIMET ▇▇▇▇▇▇ ▇.▇., a Societe Anonyme with offices at 62 Avenue ▇▇▇▇ ▇▇▇▇▇, 73400
Ugine, France (hereinafter referred to as the "Company"), represented by
▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇, President and Directeur General of the Company, and
TITANIUM METALS CORPORATION, a Delaware (USA) corporation, with offices at ▇▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ (hereafter referred to as
"TIMET"), represented by J. ▇▇▇▇▇▇ ▇▇▇▇▇▇, Chairman, President and Chief
Executive Officer of TIMET,
On the one hand,
AND
▇▇. ▇▇▇▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇▇▇▇, of French nationality, residing at ▇ ▇▇▇ ▇'▇▇▇▇▇▇▇,
▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ (hereinafter referred to as "▇▇. ▇▇▇▇▇▇▇▇"),
On the other hand.
PREAMBLES
A. The parties entered into an Amendment to Employment Contract executed as
of November 25, 2003 ("Employment Contract").
B. The parties now desire to further amend the Employment Contract as
provided herein.
AMENDMENT
1. Section 3 (a) of the Employment Contract shall be deleted and replaced
with the following:
"(a) Commencing January 1, 2005, ▇▇. ▇▇▇▇▇▇▇▇ shall receive an annual
gross salary of 315,000 (euro) (euros) payable in euros through the
Company's payroll system."
2. Except as expressly amended by this 2005 Amendment to Employment
Contract, the Employment Contract shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
March 14, 2005.
\s\ Christian ▇.▇. ▇▇▇▇▇▇▇▇
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Christian ▇. ▇. ▇▇▇▇▇▇▇▇
By: \s\ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
President & Directeur General
TIMET ▇▇▇▇▇▇
By: \s\ J. ▇▇▇▇▇▇ ▇▇▇▇▇▇
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J. ▇▇▇▇▇▇ ▇▇▇▇▇▇
Chairman, President and Chief
Executive Officer
TITANIUM METALS CORPORATION
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