AMENDMENT NO. 1
TO EMPLOYMENT AGREEMENT
Amendment No. l to the Employment Agreement dated as of May 5, 1997 (the
"Employment Agreement") between Xxxxxxx Sports Inc., a Delaware corporation,
(the "Company") and W. Xxxxx Xxxx ("Xx. Xxxx")
WHEREAS, Xx. Xxxx has been elected Senior Vice President and General Manager -
Varsity Spirit Fashions of Varsity Spirit Corporation ("Varsity").
WHEREAS, the Employment Agreement, unless extended, expires on the June 19, 1999
and the Company wishes to provide Xx. Xxxx incentives to continue providing
leadership in 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 agree as follows:
1. Section 1 of the Employment Agreement be and hereby is
amended to provide in full as follows:
"1. Employment. This agreement is for the
two-year period (the "Employment Period")
commencing on June 19, 1999 and terminating
on June 19, 2001 or upon earlier termination
of the Executive's employment.
2. The Company's obligations under Section 2, "Inducement for
Employment" have been fulfilled by the Company.
Dated: August 2, 1999
XXXXXXX SPORTS INC.
By: /s/ Xxxxx Xxxxxxxxxx
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Xxxxx Xxxxxxxxxx
EVP & CFO
EXECUTIVE:
/s/ W. Xxxxx Xxxx
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