Horsehead Holding Corp
EX-10.2
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<TYPE>EX-10.2
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<FILENAME>l36849aexv10w2.htm
<DESCRIPTION>EX-10.2
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.2</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>HORSEHEAD CORPORATION</B>
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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Second Amendment to Employment Agreement</B>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><U><B>Robert Scherich</B></U>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS">Dated: June&nbsp;22, 2009</FONT>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS, </B>Horsehead Corporation (the &#147;<U>Company</U>&#148;), and Robert Scherich (&#147;<U>Employee</U>&#148;),
entered into an employment agreement on November&nbsp;30, 2006 (as amended, including without limitation
pursuant to that First Amendment to Employment Agreement, dated December&nbsp;24, 2008, the
&#147;<U>Agreement</U>&#148;); and
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS, </B>the Company and Employee now wish to amend the Agreement to clarify certain details with
respect to Base Salary and severance matters in accordance with the provisions of Section&nbsp;21 of the
Agreement.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW, THEREFORE</B>, in consideration of the foregoing, of the mutual promises contained herein and of
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree to amend the Agreement as set forth herein.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>FIRST</U>: The first sentence of <U>Section&nbsp;3(a)</U> of the Agreement is hereby amended and
restated in its entirety to read as follows.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;During the Employment Period, Employee&#146;s base salary shall be $262,500 per annum (as the same
may be adjusted from time to time by the Board in its sole discretion, the &#147;<U>Base Salary</U>&#148;).
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>SECOND</U>: Except as specifically modified herein, the Agreement shall remain in full
force and effect in accordance with all of the terms and conditions thereof.
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;REMAINDER OF PAGE INTENTIONALLY LEFT BLANK&#093;
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN WITNESS WHEREOF, </B>the parties hereto have executed this amendment to the Agreement as of the date
first written above.
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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>HORSEHEAD CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ James M. Hensler
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">James M. Hensler&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD colspan="5">&nbsp;</TD>
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    <TD width="11%">&nbsp;</TD>
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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>EMPLOYEE</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Robert Scherich
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Robert Scherich&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
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