Amendment to Employment Agreement
Exhibit 10.12a
Amendment to Employment Agreement
X. Xxxxxxx
THIS AMENDMENT (“Amendment”), dated as of May 1, 2020, to the Employment Agreement, dated as of November 4, 2019 (the “Agreement”), between The Xxxxx Xxxxxx Companies Inc., a Delaware corporation (“the “Company”), and Xxxxxxx Xxxxxxx (the “Executive”).
1. Amendment.
Section 3 of the Agreement shall be amended to reflect that for the period from May 1, 2020 through
October 31, 2020, the Executive’s Base Salary shall be reduced by 30%, to $306,250 for the six-month
period and therefore payable at the rate of $51,041.67 per month.
A.Except as provided above, all other terms and conditions of the Agreement shall remain the same.
B.Capitalized terms used in this Amendment shall have the meanings ascribed to such terms in the Agreement, except to the extent the term is modified herein.
C.This Amendment shall be subject to, and governed by, the laws of the State of New York applicable to contracts made and to be performed therein.
THE XXXXX XXXXXX COMPANIES INC. | |||||||||||
By: | /s/Xxxxxxx X’Xxxx | ||||||||||
Name: | Xxxxxxx X’Xxxx | ||||||||||
Title: | Executive Vice President – | ||||||||||
Global Human Resources | |||||||||||
By: | /s/Xxxxxxx Xxxxxxx | ||||||||||
Xxxxxxx Xxxxxxx | |||||||||||