ADDENDUM
ADDENDUM
WHEREAS,
Cabela’s Incorporated, a Delaware corporation (“Company”) and Xxxxx X. Xxxxxx
(“Executive”) have entered into that certain Executive Employment Agreement
effective the 1st day of
January, 2004 (the “Agreement”); and
WHEREAS,
Company’s Board of Directors (the “Board”) has determined by mutual agreement
with Executive to increase the base salary of Executive by 3.75%.
NOW,
THEREFORE, the Board and the Executive hereby agree to the
following:
1. Base
Salary. Section
3.1 of the Agreement shall be deleted in its entirety and replaced with the
following:
3.1
Base
Salary.
Executive shall receive a base salary of Two Hundred Fifty-Nine Thousand Three
Hundred and Seventy-Five Dollars ($259,375.00) per annum. Any reduction in base
salary shall be determined by mutual agreement between Executive and the Board
and must be reflected in an addendum to this Agreement. Any increase in base
salary shall be made by Board resolution and shall not require an addendum to
this Agreement.
2. Effective
Date. This
Addendum shall be effective at the beginning of the pay period for the Company’s
April 7, 2005 payroll.
3. Effective
Addendum. Except
as otherwise set forth herein, this Addendum does not supersede or amend the
Agreement, and nothing contained herein is intended to reduce, restrict or
otherwise affect any terms of the Agreement.
|
CABELA’S
INCORPORATED | ||
|
By: |
/s/
Xxxxx X. Xxxxxxx | |
|
Its: |
Vice
President
and
Chief Financial Officer | |
|
EXECUTIVE | ||
|
/s/
Xxxxx X. Xxxxxx | ||
|
Xxxxx
X. Xxxxxx |
