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EXHIBIT 10(c)
First Amendment to Amended and Restated Employment
Agreement dated March 21, 1996, between
Metatec Corporation and Xxxxxxx X. Xxxxxxx
FIRST AMENDMENT TO AMENDED
AND RESTATED EMPLOYMENT AGREEMENT
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This is an amendment made effective March 21, 1996, to the Amended and
Restated Employment Agreement dated March 23, 1993 (the "Agreement"), between
Metatec Corporation, a Florida corporation (the "Company"), and Xxxxxxx X.
Xxxxxxx ("Xx. Xxxxxxx"), who hereby agree as follows:
Section 1. INCENTIVE BONUS PAYMENTS. The annual bonuses payable
to Xx. Xxxxxxx under Section 6 of the Agreement hereafter shall be payable in
quarterly installments, under the same general policies and procedures
applicable to the payment of incentive bonuses to the Company's other executive
personnel; provided that in the event Xx. Xxxxxxx receives payments for any or
all of the first three fiscal quarters in any fiscal year in an aggregate
amount which exceeds the annual bonus payable for that fiscal year, the Company
shall have the right to offset such excess against the amounts next payable by
the Company under the Agreement until such excess is fully recovered by the
Company or, if such offsets are insufficient to permit the recovery of such
excess, require Xx. Xxxxxxx to repay the unrecovered portion of such excess.
Section 2. CONSTRUCTION. In the event of any inconsistency
between the provisions of this amendment and the Agreement, the provisions of
this amendment shall control. Except as modified by this amendment, the
Agreement shall continue in full force and effect without change.
METATEC CORPORATION
By /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx, Executive
Vice President
/s/ Xxxxxxx X. Xxxxxxx
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XXXXXXX X. XXXXXXX
