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EXHIBIT 10.7
AMENDMENT NUMBER THREE TO THE EMPLOYMENT AGREEMENT
BETWEEN
XXXXXXXX AND XXXXXXXX, INC.
AND
XXXXXXX X. XXXXXXXXXX
Effective October 2, 1997
XXXXXXXX AND XXXXXXXX, INC.
00000 XXXXX XXXXXXX XXXXXXXXXX, XXXXX 000
XXXXXX, XXXXX 00000
TELEPHONE: (000) 000-0000
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AMENDMENT NUMBER THREE TO THE EMPLOYMENT AGREEMENT
BETWEEN
XXXXXXXX AND XXXXXXXX, INC.
AND
XXXXXXX X. XXXXXXXXXX
Effective: October 2, 1997
This Amendment made this 2nd day of October, 1997, by and between
Xxxxxxxx and Xxxxxxxx, Inc., a Pennsylvania Corporation (the "Employer") and
Xxxxxxx X. Xxxxxxxxxx ("Employee").
RECITALS:
A. Employee and the Employer entered into an Employment Agreement effective
July 26, 1994.
B. Employee and the Employer amended the Employment Agreement effective August
1, 1994 and November 1, 1996.
C. Pursuant to the provisions of Paragraph 15 of the Employment Agreement,
Employee and the Employer desire to amend the Employment Agreement
further.
NOW , THEREFORE it is agreed that the Employment Agreement is amended
effective as of October 2, 1997 as follows:
l. Paragraph 2.A. Positions. is amended by restatement in its
entirety to read as follows:
A. Positions. Employee will serve as President and Chief
Operating Officer of the Employer.
2. Except as amended by this Amendment Number Three, the Employment
Agreement continues in full force and effect.
EFFECTIVE as of the day and year first above written.
EMPLOYEE: EMPLOYER:
XXXXXXXX AND XXXXXXXX, INC.
___________________________ By:________________________________
Xxxxxxx X. Xxxxxxxxxx Xxxxxx X. Xxxxxxxx, Xx.
Chairman of the Board and Chief
Executive Officer
____________________________ ____________________________________
Date Date
ADDRESS: ADDRESS:
0000 Xxxxxxxxxxx Xxxxx 00000 X. Xxxxxxx Xxxxxxxxxx, Xxxxx 000
Xxxxxxxxxxx, Xxxxx 00000 Xxxxxx, Xxxxx 00000
