EXECUTIVE EMPLOYMENT AGREEMENT
This Employment Agreement ("Agreement"), including the attached Exhibit "A," is entered into between Enron Oil
& Gas Company, a Delaware corporation, having offices at 1400 Smith Street, Houston, Texas 77002
("Employer"), and Jeffrey B. Sherrick, an individual currently residing at 18822 Autumn Breeze Drive, Spring,
Texas 77379 ("Employee"), to be effective as of September 1, 1998 (the "Effective Date").
WHEREAS, Employer is desirous of employing Employee pursuant to the terms and conditions and for the
consideration set forth in this Agreement, and Employee is desirous of entering the employ of Employer pursuant
to such terms and conditions and for such consideration.
NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and obligations contained
herein, Employer and Employee agree as follows:
ARTICLE 1: EMPLOYMENT AND DUTIES:
1.1 Employer agrees to employ Employee, and Employee agrees to be employed by Employer, beginning as of
the Effective Date and continuing until the date set forth on Exhibit "A" (the "Term"), subject to the terms and
conditions of this Agreement.
1.2 Employee initially shall be employed in the position set forth on Exhibit A. Employer may subsequently assign
Employee to a different position or modify Employee's duties and responsibilities, provided that such assignment
or modification is consistent with that of an officer of Employer. Employee agrees to serve in the assigned position
and to perform diligently and to the best of Employee's abilities the duties and services appertaining to such
position as determined by Employer, as well as such additional or different duties and services appropriate to
such position which Employee from time to time may be reasonably directed to perform by Employer. Employee
shall at all times comply with and be subject to such policies and procedures as Employer may establish from time
1.3 Employee shall, during the period of Employee'