EXHIBIT 10.12
Amendment of Employment Agreement
Effective as of July 10, 2001, that certain Employment Agreement entered into by
and between The viaLink Company (the "Company") and Xxxx Xxxxx (the "Employee")
made, entered into, and commencing effective as of September 25, 2000 (the
"Employment Agreement"), is hereby amended as follows:
1. The current base salary of Employee is hereby reduced by twenty percent
(20%). This is a temporary reduction, and the reduction shall cease, and the
previous rate of compensation of $190,000 per year shall resume, immediately
effective upon the Company's achieving cash flow break even status. At such time
the amount by which the Employee's salary shall have been reduced shall be
restored to the Employee in lump sum within one hundred eighty (180) days of the
Company's achieving cash flow break even status.
2. The bonus payment pursuant to the Employment Agreement shall immediately be
suspended. It shall be reinstated immediately upon the Company's achieving cash
flow break even status, provided that thee shall be no bonus payment
attributable to the Employee's performance from the period beginning as of April
1, 2001, and ending on the date the Company achieves cash flow break even
status.
3. In consideration for Employee's entering into this Amendment to the
Employment Agreement, the Company's Board of Directors grants the Employee an
option to purchase 20,000 shares of common stock of The viaLink Company pursuant
to the Company's current Employee Stock Option Plan.
4. Unless specifically amended herein, all other terms and conditions of the
Employment Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby,
have executed this Amendment of Employment Agreement effective as of the date
first above written.
The viaLink Company Employee
By: /s/ Xxxxxxx X. Xxxxxxxx /s/ Xxxx X. Xxxxx
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(Signature)
Title: Vice President Xxxx X. Xxxxx
(Print Name)
