SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT
Exhibit 10.75
SIXTH AMENDMENT TO EMPLOYMENT AGREEMENT
This Sixth Amendment to Employment Agreement (the “Sixth Amendment”) is made and entered into as of January 1, 2004 by and between Xxxxxxx-Xxxxxx Properties, Ltd., an Illinois corporation (“The Company”) a wholly owned subsidiary of Xxxxxxx-Xxxxxx Inc. a Delaware corporation, having an address of 0000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx Xxxxx, Xxxxxxxxxx 00000, (“Company”), and Xxxxx Xxxxxx, an individual (“Employee”).
RECITALS
WHEREAS, Company and Employee have entered into that certain Employment Agreement dated as of January 4, 1999, and amended January 1, 2001, March 15, 2001, January 3, 2003, September 5, 2003, and October 1, 2003, (“Agreement”) providing for the employment of Employee by Company pursuant to the terms of such Agreement; and
WHEREAS, Company and Employee have agreed that the terms of the Employment Agreement should be modified to change the Term of Employment.
AMENDMENT TO AGREEMENT
NOW, THEREFORE, for good and valuable consideration the receipt and sufficiently of which are hereby acknowledged, the parties hereby amend the Agreement, effective as of January 1, 2004 as follows:
1. Section 3 Term of Employment is amended such that the term of this Agreement is extended to December 31, 2004. Therefore, Section 3 of the Agreement is amended such that the termination date of December 31, 2003 is deleted and the termination date of “December 31, 2004” is inserted in lieu thereof.
Subject to the foregoing, the Employment Agreement remains in full force and effect, and Company and Employee hereby ratify and affirm the Employment Agreement in each and every respect.
IN WITNESS WHEREOF, the undersigned have executed this Sixth Amendment as of the date first written above.
THE COMPANY: |
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EMPLOYEE: |
XXXXXXX-XXXXXX INTERNATIONAL |
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/s/ Xxx Xxxxxx |
a California corporation |
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/s/ Xxxxxxx XxXxxxxx |
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Title: Chairman/ CEO |
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