AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AGREEMENT made and entered into as of this 5th day of June, 2000,
by and between XXXXXXX FOODS, INC., a Minnesota corporation (hereinafter
referred to as "Xxxxxxx Foods"), and XXXXXXX X. XXXXXXX (hereinafter referred to
as "Xxxxxxx").
WHEREAS, Xxxxxxx Foods and Xxxxxxx have heretofore entered into an
employment agreement dated as of July 15, 1999; and
WHEREAS, Xxxxxxx Foods and Xxxxxxx desire to amend Section 2 (a)(ii)
and Section 2 (b)(i) of said agreement to amend and clarify certain terms
thereof.
NOW, THEREFORE, in consideration of the premises and of the terms and
conditions set forth, the parties agree as follows:
1. Section 2(a)(ii) of the employment agreement between Xxxxxxx Foods
and Xxxxxxx is hereby amended by substituting for the phrase "substantially all
of his attention and time", the following:
three-quarters (3/4) of customary full time attention and time
2. Section 2(b)(i) of the employment agreement between Xxxxxxx Foods
and Xxxxxxx is hereby amended by substituting for the phrase "Effective
immediately, and during the Employment Period, the Executive shall receive an
annual base salary ("Annual Base Salary") of at least $270,000", the following:
Effective June 5, 2000, and during the Employment Period, the
Executive shall receive an annual base salary ("Annual Base
Salary") of at least $200,000
Except as otherwise provided herein, the employment agreement between Xxxxxxx
Foods and Xxxxxxx shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement the date
and year above written.
XXXXXXX FOODS, INC.
By /s/ Xxxx Xxxxx
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Its Vice President - Finance
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/s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
