AMENDMENT TO CONSULTING AGREEMENT
THIS AMENDMENT is made this 17th day of June, 1996, and effective as of
January 1, 1994, by and between United Asset Management Corporation, a
Delaware Corporation (the "Company") and Xxxxx X. Xxxxxxx (the "Consultant").
BACKGROUND
1. The parties hereto are parties to a Consulting Agreement dated as of
January 1, 1993 (the "Agreement").
2. The initial term ("Term") of the Agreement expired as of December
31, 1993.
3. Since the expiration of the Term, the parties have elected to
continue their relationship governed by the terms of the Agreement.
4. The parties wish to memorialize the terms of their relationship by
amending the Agreement to provide for the automatic renewal of the Term on a
yearly basis and to state certain other amendments thereto
AGREEMENT
For value received the parties hereby agree that the Agreement shall be
amended as follows:
1. Paragraph 1 of the Agreement is amended by adding the following
sentence at the end of the paragraph:
"The Term shall be automatically renewed for an additional Term of
one year on December 31 of each year, unless earlier terminated by
written notice by either party hereto in accordance with the
provisions of Paragraph 4."
2. Paragraph 2 of the Agreement is amended by adding the following
clause to the last sentence of the paragraph:
", as may be amended from time to time by agreement of the parties."
3. The penultimate sentence of Paragraph 3 of the Agreement is amended
so as to read in its entirety as follows:
"Services and expenses shall be invoiced on a quarterly basis to the
attention of Xxxxxxx X. Park."
4. Paragraph 5 is amended by adding the following at the end of
subparagraph (g) thereof:
"and such other locations as the Company and the Consultant agree."
All other terms and conditions of the Agreement shall remain in full
force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment, to take
effect as of January 1, 1994.
CONSULTANT
/s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
UNITED ASSET MANAGEMENT
CORPORATION
By: /s/ Xxxxxxx X. Park
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Xxxxxxx X. Park
Executive Vice President
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