Exhibit 10.1.3
THIRD AMENDMENT TO
EMPLOYMENT AGREEMENT
The Agreement made as of October 1, 1991, by and between BALLANTYNE OF
OMAHA, INC. ("Ballantyne"), an Omaha corporation, with offices at 0000 XxXxxxxx
Xxxx, Xxxxx, Xxxxxxxx 00000 (the "Company"), and XXXXXX X XXXXXXXXXX, an
individual residing at 0000 Xxxxx 000xx Xxxxxx, Xxxxx, Xxxxxxxx 00000 (the
"Employee"), and amended on the 16th day of April, 1994, and on the 20th day of
July, 1995, is further amended, retroactive to January 1, 1996, as follows:
That portion of Paragraph 5 (b), which states:
"No participant may receive in any fiscal year, a profit
sharing amount that exceeds 150% of such participant's base
salary. (i.e., salary excluding bonuses, commissions,
overtime payments or any other form of compensation.)"
is hereby deleted in its entirety.
All other terms, provisions and conditions set forth in the Agreement of
October 1, 1991, and the amendments entered into on April 16, 1994, and July 20,
1995, shall be and remain the same.
IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment
to Employment Agreement on this 20th day of January, 1997.
BALLANTYNE OF OMAHA, INC.
BY: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx, Chairman
/s/ Xxxxxx X. Xxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxx, Employee
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