Exhibit 10.1
AMENDMENT NO. 2
TO EMPLOYMENT AGREEMENT
Amendment No. 2 to Employment Agreement dated as of February 1, 1994 as
amended May 15, 1995 (the "Employment Agreement") between Xxxxxxx, Inc., an
Illinois corporation (the "Employment Agreement"), between Xxxxxxx, Inc., an
Illinois corporation (the "Company"), and Xxx Xxxxxxx.
WHEREAS, Xx. Xxxxxxx has been elected Chief Operating Officer and
President of the Xxxxxxx Group of Xxxxxxx Sports Inc. and the President and
Chief Operating Officer of the Company.
WHEREAS, the Employment Agreement, unless extended, expires on May 15,
1998 and the Company wishes to provide Xx. Xxxxxxx incentive to continue
providing excellent leadership to the Company and to extend the term of the
Employment Agreement.
NOW, THEREFORE, for good and valuable consideration receipt of which is
hereby acknowledged the parties hereto agree as follows:
(A) Section 2 of the Employment Agreement be and hereby is amended to
provide in full as follows:
"2. Term. This Agreement is for a term ("Term") commencing on
the date of this Agreement and terminating on May 15,
1999, or upon the Executive's earlier death,
disability or other termination of employment pursuant
to Section 11."
(B) All Other provisions on the Employment Agreement shall remain in full
force and effect.
Dated: September 11, 1997 XXXXXXX, INC.
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By: /s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
Its: Chief Executive Officer
EXECUTIVE
/s/ Xxx Xxxxxxx
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Xxx Xxxxxxx
