EXHIBIT 10.24
AMERICAN VANTAGE COMPANIES
0000 XXXX XXXX XXXX XXXXXXXXX
XXX XXXXX, XXXXXX 00000
September 27, 2002
Xx. Xxxxxx X. Xxxxxxxxx
0000 Xxxxxx Xxxxxx Xxxxx
Xxx Xxxxx, Xxxxxx 00000
Re: Employment Agreement
Dear Xxx:
This letter shall serve to confirm and memorialize my
agreement, in my capacity as Chairman of the Compensation Committee (the
"Compensation Committee") of the Board of Directors of American Vantage
Companies ("AVC"), with you, in your capacity as an officer and employee of AVC,
that, notwithstanding the terms of paragraph 2(c) of the Employment Agreement,
dated as of April 1, 2002 (the "Employment Agreement"), between AVC and you,
that the term of the Employment Agreement be extended until November 30, 2002 on
the same terms and conditions as are set forth in the Employment Agreement, with
the exception of said paragraph 2(c). It is agreed among us that the reason for
such extension is provide AVC, acting through the Compensation Committee, and
you ample time to negotiate, execute and deliver a new employment agreement
between AVC and you for a term to expire on March 31, 2005, or such other date
as may mutually be agreed upon.
If the foregoing accurately reflects our agreement with
respect to the extension of the Employment Agreement, please indicate such in
the space indicated below.
Very truly yours,
American Vantage Companies
By: /s/ Xxxxxx Xxxxxxxxx
--------------------------------------
Xxxxxx Xxxxxxxxx
Chairman of the Compensation Committee
Acknowledged and accepted
as of the date first set forth above:
/s/ Xxxxxx X. Xxxxxxxxx
---------------------------
Xxxxxx X. Xxxxxxxxx
