Exhibit 10.25
AMENDMENT TO
EMPLOYMENT AGREEMENT
The Employment Agreement (the "Agreement") of Xxxxxxx Xxxxx dated as of
May 18, 2001, is hereby amended as follows:
1. Section 9.1 of the Agreement is hereby amended to read as follows:
"9.1 The Employee agrees that during the Non-Competition Period (as
defined in Section 9.4 below), without the prior written consent of
the Company: (a) he shall not, within the Territory (as defined in
Section 9.5 below), directly or indirectly, either as principal,
manager, agent, consultant, officer, director, greater than two (2%)
percent holder of any class or series of equity securities, partner,
investor, lender or employee or in any other capacity, carry on, be
engaged in or have any financial interest in or otherwise be
connected with, any entity which is now or at the time, has material
operations which are engaged in the manufacture or sale of
automotive airbag products competitive with the Company; and (b) he
shall not, within the Territory (as defined in Section 9.5 below),
on behalf of any competing entity, directly or indirectly, have any
dealings or contact with any suppliers or customers of the Company
or its Affiliates."
2. All other provisions of the Agreement are hereby confirmed and
ratified.
IN WITNESS HEREOF, the parties hereto have executed this Amendment to
the Agreement as of the 29th day of September, 2003.
SAFETY COMPONENTS INTERNATIONAL, INC.
By: /s/ Xxxx Xxxxx
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/s/ Xxxxxxx Xxxxx
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Xxxxxxx Xxxxx
Figure 1 - Exhibit 10.25
