AMENDMENT TO EMPLOYMENT AGREEMENT
This AMENDMENT TO EMPLOYMENT AGREEMENT ("Agreement"), dated September
17, 1997 between Xxxxxx X. Xxxxxxxxxxx, whose address is 0000 Xxxxxxxxx,
Xxxxxxxxxx Xxxxx, XX 00000 ("Employee" and/or "Skandalaris") and Noble
International, Ltd., whose address is 00 Xxxxxxxxxx Xxxxx Xxxxxxx, Xxx. 000,
Xxxxxxxxxx Xxxxx, XX 00000, a Michigan corporation (the "Company"), to be
effective March 1, 1997.
RECITALS
A. On or about April 2, 1997, Employee entered into an Employment
Agreement with Company (the "Agreement").
B. On or about June, 1997 the Employment Agreement was amended.
C. Employee and Company have agreed to amend the Agreement to
modify certain provisions of the Agreement.
NOW, THEREFORE, intending to be legally bound, and in consideration of
the mutual promises and representations set forth in this Agreement, the Company
and Employee agree as follows:
1. Non-Compete. The parties hereby agree that Article 4.01 of the
Agreement is amended as follows:
4.01 Non-Competition. For the period commencing on the date that
Employee's employment with the Company terminates, either voluntarily or
involuntarily, and ending on the third anniversary thereof (unless the
Employee is terminated by the Company other than for Cause (as defined
in Article III), in which case for the period commencing on the date the
Company terminates the Employee and ending on the first anniversary
thereof) Employee shall not (i) own, manage, operate, control, or
participate in the ownership, management, operation or control of, or be
connected, directly or indirectly, as proprietor, partner, shareholder
(other than ownership of not more than 5% of any class of securities of
a publicly traded entity which engages in a Competing Activity, as
defined herein), director, officer, executive, employee, agent,
creditor, consultant, joint venturer, investor or in any other capacity
or manner whatsoever, with any entity which engages in any business
which directly or indirectly competes with the business of the Company
or the Subsidiaries ("Competing Activity"), or (ii) directly or
indirectly as proprietor, partner, shareholder, director, officer,
executive, employee, agent, creditor, consultant, joint venturer,
investor or in any other capacity or manner whatsoever, solicit or hire
(in connection with or to be involved in any Competing Activity) any
person employed in the Company's or the Subsidiaries' business on or
after the date hereof.
2. Continuation. Except as provided herein, the Agreement shall continue
in full force and effect.
3. Conflict. In the event that the terms of this Amendment conflict with
the terms of the Agreement the terms of this Amendment shall control.
1
AGREED TO AND ACKNOWLEDGED the day and year set forth above.
NOBLE INTERNATIONAL, LTD. XXXXXX X. XXXXXXXXXXX
/s/ Xxxxxxx X. Xxxxxxxxxx /s/ Xxxxxx X. Xxxxxxxxxxx
------------------------------- ----------------------------
By: Xxxxxxx X. Xxxxxxxxxx
Its: Chief Financial Officer
