AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
THIS AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”), made as of this 1st day of
December, 2005, by and between Cronos Containers Inc., a California corporation
(“Employer”), and Xxxx X. Xxx (“Employee”),
W I T N E S S E T H:
WHEREAS, Employer and Employee entered into an Employment Agreement, dated as of April 1,
1999, as amended on December 1, 1999, December 1, 2000, December 1, 2001, October 15, 2002,
November 5, 2002, November 4, 2003, and July 8, 2005 (hereinafter, the “Employment
Agreement”); and
WHEREAS, pursuant to paragraph “First” of the Employment Agreement, Employer agreed to employ
Employee, and Employee agreed to serve in the employ of Employer, on an exclusive and full-time
basis, as the President of Employer, through November 30, 2006, subject to earlier termination
pursuant to the provisions of the Employment Agreement; and
WHEREAS, Employer and Employee desire to extend the term of the Employment Agreement;
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, Employer and Employee agree as follows:
1. Extension of Term of Employment Agreement. Employer agrees to employ Employee, and
Employee agrees to serve in the employ of Employer, on an exclusive and full-time basis, as the
Senior Vice President of Employer, subject to the supervision and direction of the President of
Employer or, if that office is vacant, to the supervision and direction of Employer’s Board of
Directors, through November 30, 2007, unless such period is sooner terminated pursuant to the
provisions of paragraphs “FIFTH,” “SIXTH,” or “SIXTEENTH” of the Employment Agreement.
2. Continuance in Force of Employment Agreement. Other than as specifically amended
hereby, the terms and provisions of the Employment Agreement shall remain in full force and effect.
[Signature page follows.]
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IN WITNESS WHEREOF, Employer and Employee have signed this Amendment, effective as of the day
and year first above written.
“EMPLOYER” | ||||||
CRONOS CONTAINERS INC. | ||||||
By | /s/ Xxxxx X. Xxxxxxx | |||||
Its | President | |||||
“EMPLOYEE” | ||||||
/s/ Xxxx X. Xxx | ||||||
XXXX X. XXX |
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