AMENDMENT NO. 2
TO
EMPLOYMENT AGREEMENT
Amendment No. 2 dated as of April 1, 1998 to Employment Agreement,
dated as of September 11, 1994 as amended by Amendment No. 1 dated March 8,
1995 (the "Employment Agreement") between Family Golf Centers, Inc., a Delaware
corporation with offices at 000 Xxxxxxxxxxx Xxxx, Xxxxxxxx, Xxx Xxxx 00000 (the
"Company"), and Xxxxxxx Xxxxx (the "Employee").
The Company and the Employee desire to amend the Employment Agreement
in certain respects as hereinafter set forth, on terms and conditions
hereinafter set forth. Accordingly, the Company and the Employee hereby agree
as follows:
1. Definitions. All Capitalized terms used herein which are defined in
the Employment Agreement and not otherwise defined herein are used herein as
defined therein.
2. Term. Section 1 of the Employment Agreement is hereby amended to
read in its entirety as follows:
1. TERM. The Company desires to engage Employee, and Employee
agrees to serve, on the terms and conditions of this
Agreement for a period commencing on the date hereof, and
ending December 31, 2001, or such shorter period as may be
provided herein. The period during which Employee is
employed hereunder is hereafter referred to as the
"Employment Period".
3. Compensation.
(a) Section 3(a)(5) of the Employment Agreement is hereby amended to
read in its entirety as follows:
(5) $175,000 during the year commencing January 1, 1998 and
ending December 31, 1998;
(b) Sections 3(a)(6) of the Employment Agreement is hereby amended to
read in its entirety as follows:
(6) $ 190,000 during the year commencing January 1, 1999 and
ending December 31, 1999;
(c) The following clauses shall be added to the end of Section 3(a):
(7) $ 205,000 during the year commencing January 1, 2000 and
ending December 31, 2000.
(8) $ 220,000 during the year commencing January 1, 2001 and
ending December 31, 2001.
IN WITNESS WHEREOF, the parties have executed this Amendment No. 2 as
of the day of the first year written above.
FAMILY GOLF CENTERS, INC.
By: /s/ Krishnan X. Xxxxxx
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Name: Krishnan x. Xxxxxx
Title: President
/s/ Xxxxxxx Xxxxx
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