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Exhibit 10.3
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
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This First Amendment to Employment Agreement, entered into as of this
1st day of May, 1997, by and between GLAS-CRAFT, INC., an Indiana corporation
(the "Company") and XXXXXX X. XXXXXXX ("Employee") is to evidence the following
agreements and understandings:
WITNESSETH
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WHEREAS, the Company entered into an Employment Agreement dated as of
November 30, 1994 that provided, subject to certain restrictions contained in
the Employment Agreement, for Employee's term of employment to terminate on the
third anniversary of such Employment Agreement; and
WHEREAS, the parties hereto desire to amend the Employment Agreement to
provide for the term of employment of Employee to be extended for six (6) months
to May 31, 1998.
NOW THEREFORE, in consideration of the mutual promises contained herein
and for other good and valuable consideration, the receipt, adequacy and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as
follows:
1. The first sentence of Section 2 of the Employment Agreement is
hereby amended to read as follows:
The term of this Agreement shall commence on the effective
date of COHT's initial public offering and shall terminate on
May 31, 1998, subject to the termination provisions of
Sections 6 and 10 and the other provisions of this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this First
Amendment to Employment Agreement as of the day and year first written above.
GLAS-CRAFT, INC.
By: /s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx, Assistant Secretary
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
