CKE Restaurants, Inc. Amendment No. 1 To Employment Agreement
Exhibit 10.3
CKE Restaurants, Inc.
This Amendment No. 1 (the “Amendment”) to Employment Agreement is made effective as of
December 6, 2005, by and between CKE Restaurants, Inc. (the “Company”) and Xxxxxxx X.
Xxxxxxx (the “Employee”).
RECITALS:
A. The Company and the Employee entered into an Employment Agreement, dated as of January
2004 (the “Agreement”).
B. The Company and Employee now desire to amend the Agreement as set forth below.
AGREEMENT
1. Term. Section 2 of the Agreement shall read in its entirety as follows:
“2. Term. The term of this Agreement (the “Term”) shall commence on
the Effective Date and, subject to prior termination as set forth in Section 7
below, shall terminate three (3) years following the date on which notice of
non-renewal or termination of this Agreement is given by either party to the other.
Thus, the Term shall be renewed automatically on a daily basis so that the
outstanding Term is always three (3) years following the date on which notice of
non-renewal or termination is given by either party to the other. The Term may be
extended at any time upon mutual written agreement of the parties.”
2. Definitions. Terms used but not defined in this Amendment shall have the
respective meanings assigned to them in the Agreement.
3. Counterparts. This Amendment may be executed in multiple counterparts, each of
which shall be deemed an original, and all of which shall constitute one Amendment.
4. Terms and Conditions of Agreement. Except as specifically amended by this
Amendment, all terms and conditions of the Agreement shall remain in full force and effect.
[Signature Page Follows]
IN WITNESS WHEREOF, this Amendment is executed by the undersigned as of the date first written
above.
| /s/ Xxxxxxx X. Xxxxxxx | ||||
| Xxxxxxx X. Xxxxxxx | ||||
| CKE Restaurants, Inc. |
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| By: | /s/ Xxxxx Xxxxx | |||
| Xxxxx Xxxxx | ||||
| Director and Chairman of the Compensation Committee of the Board of Directors |
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