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EXHIBIT 10(b)
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (Amendment) is entered into as
of June 25, 2001, between XXXXXXXX STORES INC., a Michigan corporation of
Jackson, Michigan (the "Company"), and P. XXXXXX XXXXX, of Chelsea, Michigan
("Xxxxx").
THE PARTIES HEREBY AGREE that the restated Employment Agreement between
them dated as of June 11, 1998, as amended effective April 11, 1999, April 16,
2000 and April 3, 2001 (the "Agreement"), is further amended effective June 25,
2001, as follows:
1. EMPLOYMENT AND TERM. Paragraph 1 of the Agreement is amended to read
as follows:
"1. EMPLOYMENT AND TERM. The Company employs Xxxxx as Chairman
of the Board, and Xxxxx agrees to serve in that capacity and/or in such
other capacity or capacities as the Board of Directors of the Company
deems advisable, for a term commencing October 31, 1996 and continuing
through April 15, 2002, unless terminated sooner pursuant to the
provisions of paragraph 5, for the compensation and on the terms set
forth in this Agreement."
Except as expressly amended hereby, the Agreement shall continue in
full force and effect.
IN THE PRESENCE OF: XXXXXXXX STORES INC.
/s/ Xxxxx X. Xxxx By: Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Its: Vice Chairman of the Board
/s/ Xxxxxxxx Xxxxxxxx /s/ P. Xxxxxx Xxxxx
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P. Xxxxxx Xxxxx
