Exhibit 10.6.2
AMENDMENT NO. 1 TO
EMPLOYMENT AGREEMENT
Amendment No. 1 (this "Amendment") to Employment Agreement dated
November 1, 1997, by and between Xxxxxxx X. Xxxxxxx, Xx. (the "Executive")
and Condor Technology Solutions, Inc., a Delaware corporation (the
"Company"), is made as of this 5th day of March, 1998, between the Company
and the Executive.
WHEREAS, the Company and the Executive have entered into an
Employment Agreement dated November 1, 1997 (the "Employment Agreement"),
pursuant to which the Executive agreed to serve the Company for an initial
term of three years as its Vice President-Finance on the terms and subject
to the conditions set forth therein; and
WHEREAS, the Company and the Executive wish to amend the position,
compensation and termination provisions of the Employment Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and
representations contained herein, the parties hereto agree as follows:
1. Amendment to Section 1; Commencing with the effective date of this
Amendment, the words "the date hereof" contained in the second line of
Section 1 of the Employment Agreement are hereby amended to read as "March 5,
1998," such that the initial term of the Employment Agreement shall expire on
March 5, 2001.
2. Amendment to Recitals and Section 2(a); Commencing with the effective
date of this Amendment, the words "Vice President-Finance" contained in the
second line of the WHEREAS clause and the second line of Section 2(a) of the
Employment Agreement are hereby amended to read as "Vice President and Chief
Financial Officer."
3. Amendment to Section 3(a): Commencing with the effective date of this
Amendment, the monetary figure of "$110,000" contained in the third line of
Section 3(a) of the Employment Agreement is hereby amended to read as
"$135,000."
4. Amendment to Section 4(b): Commencing with the effective date of this
Amendment, subsection (i) of Section 4(b) of the Employment Agreement shall
be deleted, and the numeration of the remaining subsections of Section 4(b)
of the Employment Agreement shall be adjusted accordingly such that a
diminution during the Employment Period in the Executive's duties or
responsibilities as set forth in Section 2 of the Employment Agreement shall
no longer constitute a "good reason" for termination of the Executive's
employment.
5. Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of
which together will constitute one and the same instrument.
6. Governing Law. This Amendment shall be construed, interpreted and
enforced in accordance with the laws of the State of Virginia.
7. Entire Agreement. This Amendment, together with the Employment
Agreement, contains the entire understanding of the parties hereto with
respect to the subject matter hereof and supersedes all other agreements with
respect thereto. This Amendment shall be binding on the parties hereto and
may be amended or modified only by a written instrument executed by the
Executive and the Company.
[Signature Page to follow]
IN WITNESS WHEREOF, the parties have executed this Amendment as of
March 5, 1998.
CONDOR TECHNOLOGY SOLUTIONS, INC.
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: President and Chief Operating Officer
THE EXECUTIVE
/s/ Xxxxxxx X. Xxxxxxx, Xx.
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Name: Xxxxxxx X. Xxxxxxx, Xx.
