EXHIBIT 10.11(a)
AMENDMENT TO
XXXXXX X. XXXXXX
EMPLOYMENT AGREEMENT
EAGLE FINANCE CORP., a Delaware corporation (the "Employer"), and XXXXXX X.
XXXXXX (the "Executive"), entered into an employment agreement dated July 22,
1994 (the "Agreement"), under which they have reserved the right to amend the
Agreement upon written agreement.
WHEREAS, the Employer and the Executive wish to amend the Agreement to
change the base compensation amount.
NOW, THEREFORE, in consideration of the Employer continuing to retain the
services of the Executive on a less than full-time basis and the Executive
continuing to serve in the employ of the Employer and for other good and
valuable consideration, the parties hereto agree to amend the Agreement
effective January 1, 1997, as follows:
Section 2(a) is hereby amended to read as follows:
"(a) BASE COMPENSATION. The Executive shall receive an
aggregate annual base salary at the rate of seventy-five thousand
dollars ($75,000) payable in installments in accordance with the
regular payroll schedule of the Employer. Such base compensation
shall be subject to review annually commencing in 1998 and shall be
adjusted during the term hereof as the Board shall direct."
In all other respects, Employer and Executive hereby confirm the Agreement,
as herein amended, reserving to themselves the joint right to further amend or
revoke, in whole or in part, the Agreement and any amendment thereto.
IN WITNESS WHEREOF, the Employer and the Executive have signed this
amendment this 1st day of January, 1997.
EAGLE FINANCE CORP.
By: /s/ XXXXXX X. XXXXXXX
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Title: President
XXXXXX X. XXXXXX
/s/ XXXXXX X. XXXXXX
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