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EXHIBIT 10.41
SUPERIOR (Logo) SUPERIOR INDUSTRIES INTERNATIONAL, INC.
0000 Xxxxxxx Xxxxxx - Xxx Xxxx, XX 00000-0000
(000) 000-0000 - Telex: 65-1454 - Fax: (000) 000-0000
December 15, 1995
Mr. R. Xxxxxxx Xxxxxxxx
000 Xxxxxxxxx Xxxxxx
Xxxxx xxx Xxx, XX 00000
Re: EMPLOYMENT AGREEMENT
Dear Xxxx:
As you know, you currently serve as Vice President & CFO of Superior
Industries International, Inc. (the "Company") pursuant to that certain
Employment Agreement entered into as of January 1, 1987 (the "Agreement") and
amended on December 12, 1988, on December 17, 1990 and on December 18, 1993
which, by its terms, will expire on December 31, 1995. Since your continued
employment with the Company is extremely valuable and desirable to the Company,
and since it is in the best interests of the Company and its stockholders to
maintain and secure your continued employment by the Company, and, in
consideration for the extension of the term of the Agreement and the other
benefits accorded to you thereunder, you are willing to continue your
employment with the Company, the Company and you hereby agree as follows:
1. EXTENSION OF TERM
Section 6(a)(1) of the Agreement is hereby amended so that the Term
of the Agreement be extended until December 31, 1997. Accordingly, all
references in the Agreement to December 31, 1995 as to the termination date of
the Agreement or the date for terminating any benefits, rights, privileges,
obligations or undertakings by or for either you or the Company pursuant to the
Agreement, as hereby amended by substituting December 31, 1997, therefore and
all dates or periods of time in the Agreement are hereby changed or extended, as
the cause may be, to a period of time subsequent to December 31, 1995.
2. OTHER TERMS AND PROVISIONS
Except as specifically changed by this letter, all other provisions
of the Agreement are and shall remain in full force and effect. Unless
otherwise or further defined in this letter, all terms defined in the Agreement
and used herein shall have the same meanings herein as specified in the
Agreement.
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Mr. R. Xxxxxxx Xxxxxxxx
December 15, 1995
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3. EFFECTIVE DATE
The effective date of this letter and the terms contained herein
shall be the date hereof.
Please acknowledge your approval and agreement to the above terms by
countersigning the enclosed copy of this letter where indicated, and returning
the signed copy to the Company.
"Company": SUPERIOR INDUSTRIES INTERNATIONAL, INC.
By: /s/ XXXXX X. XXXXXX
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Xxxxx X. Xxxxxx, President
THE ABOVE TERMS ARE
HEREBY APPROVED AND
December 15, 1995
/s/ R. XXXXXXX XXXXXXXX
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R. Xxxxxxx Xxxxxxxx
