[LETTERHEAD OF DPRC]
EXHIBIT 10.13
August 1, 1996
Xx. Xxxx Xxxxx Xxxxxx
Chief Executive Officer
Data Processing Resources Corporation
0000 XxxXxxxxx Xxxx., #000
Xxxxxxx Xxxxx, XX 00000
re: Amendment to Employment Agreement
Dear Xxxx Xxxxx:
This letter is intended to confirm our understanding and agreement with respect
to the amendment to the Employment Agreement dated August 1, 1995 (the
"Employment Agreement"), by and between you and Data Processing Resources
Corporation.
As agreed, Section 1 to Exhibit A of the Employment Agreement is hereby amended
effective August 5, 1996, to reduce the Base Salary from $225,000 per year to
$125,000 per year; provided, however, that solely for the purpose of calculating
the Bonus under Section 6 of Exhibit A, as set forth on Schedule 1 to Exhibit A,
the Base Salary shall be deemed to be $225,000 per year. All other provisions
of the Employment Agreement, including a target bonus of $225,000, shall remain
unchanged.
In accordance with Section 12.4 of the Employment Agreement, please confirm your
consent and agreement to the foregoing amendment by executing and returning a
copy of this letter to us at your earliest convenience.
Very truly yours,
/s/ XXXXXXX X. XXXXXXX
Xxxxxxx X. Xxxxxxx
Senior Vice President
and Chief Financial Officer
Agreed as of August 1, 1996:
By: /s/ XXXX XXXXX XXXXXX
---------------------
Xxxx Xxxxx Xxxxxx
ADDENDUM TO EMPLOYMENT AGREEMENT
DATED AUGUST 1, 1995,
BY AND BETWEEN DATA PROCESSING RESOURCES CORPORATION
AND XXXX XXXXX XXXXXX
INCENTIVE COMPENSATION PLAN:
Employee will be eligible for an incentive bonus payment upon achievement of
profitable growth of the Company within those guidelines and goals established
by the Company's Board of Directors. These goals will be defined as the
Consensus Estimate of Wall Street Analysts ("target"). In this respect the
incentive payment schedule could be as follows:
Maximum payout 100% of base salary
Target payout 60% of base salary
Threshold payout 33% of base salary
Bonuses payable, if any, with respect to a bonus year will be paid no later
than seventy-five (75) days after the end of such bonus year.
Eligibility for payment is contingent upon employment in good standing as of the
date of the normally scheduled bonus payment.
All other terms and conditions remain unchanged.
AGREED AND ACCEPTED:
/s/ XXXX XXXXX XXXXXX /s/ XXXXXXX X. XXXXXXX
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Xxxx Xxxxx Xxxxxx, CEO Xxxxxxx X. Xxxxxxx
CFO, Senior Vice President Finance
and Administration
9-2-97 9-2-97
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(date) (date)
