Exhibit 10.2(iv)
AMENDMENT OF EMPLOYMENT AGREEMENT
This Amendment of Employment Agreement is made this 19 day of March, 2004,
by and between Navigation Technologies Corporation, a Delaware corporation (the
"COMPANY"), and Xxxxxx Xxxxx ("EXECUTIVE").
RECITALS
A. Executive and the Company entered into an Employment Agreement dated
April 17, 2000 ("EMPLOYMENT AGREEMENT").
B. The term of the Employment Agreement expires four years from the date
of the Employment Agreement.
C. Executive and the Company are discussing the terms and provisions of a
renewal of Executive's Employment Agreement, which may not be concluded before
the date that the Employment Agreement expires unless extended.
Now therefore, Executive and the Company agree:
1. Section 1.b.(i) of the Employment Agreement to the contrary
notwithstanding, the term of the Employment Agreement and Executive's employment
shall expire on May 17, 2004.
2. The Employment Agreement is affirmed, ratified and continued, as
amended hereby.
3. This Amendment may be executed in counterparts, each of which shall be
an original, but all of which together shall constitute one instrument.
IN WITNESS WHEREOF, each of the parties has executed this Amendment as of
the date first above written.
XXXXXX XXXXX
/s/ Xxxxxx Xxxxx
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NAVIGATION TECHNOLOGIES
CORPORATION
By: Xxxxxxx xx Xxxxx
Title: Chairman
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/s/ Xxxxxxx xx Xxxxx
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