Exhibit 10.6
ADDENDUM
This Addendum amends that certain Employment Agreement dated September
1, 1996 by and between XXXXXXX X. XXXXX, XX. and NCO FINANCIAL SYSTEMS, INC., a
Pennsylvania corporation (the "Agreement"), and this Addendum shall be effective
as of May 1, 1998 (the "Effective Date").
For good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:
1. Paragraph 3 of the Agreement is amended by deleting the text of the
second paragraph thereof in its entirety and replacing it with the
following:
"The Employee shall become a part-time employee as of the Effective
Date, being required to devote three (3) business days per week to the
performance of his duties under the Agreement." The Term of the
Agreement shall remain as set forth in the Agreement.
2. Paragraph A of Exhibit "A" of the Agreement is amended by providing for
a Base Salary of $135,000 per annum, commencing on the Effective Date.
The Base Salary shall be payable in installments, in arrears, in
accordance with the Company's regular payroll practices, but not less
often than monthly.
3. In the event any term or condition of this Addendum is inconsistent
with any term or condition of the Agreement, the terms of this Addendum
will control. Except as stated above, all the terms and conditions of
the Agreement, including all restrictions and covenants, shall remain
in full force and effect and are incorporated herein by reference as
though set forth at length.
IN WITNESS WHEREOF, the parties have executed this Addendum to become
effective on the Effective Date.
NCO FINANCIAL SYSTEMS, INC.
By:_________________________________ ______________________________
Xxxxxxx X. Xxxxx, Xx.