EXHIBIT 10.2
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment is dated as of June 12, 1997, and relates to the Employment
Agreement dated as of March 1, 1993, between BCT International, Inc., a Delaware
corporation (together with its subsidiaries "BCT") and Xxxxxxx X. Xxxxxxxxx
("Employee").
WHEREAS, the parties wish to amend the Employment Agreement in order to
extend the term of Employee's employment.
NOW THEREFORE, in consideration of the mutual covenants contained herein,
the parties agree as follows:
1. Terms defined in the Employment Agreement are used herein as defined
therein.
2. Paragraph 3 of the Employment Agreement is deleted in its entirety and
replaced with the following language:
3. TERM. The term of Employee's employment hereunder shall be
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through February 28, 2003, subject to the termination provisions
set forth in paragraphs 7, 8 and 9 hereof.
3. Paragraph 2 of the Employment Agreement is hereby amended to insert the
following language just prior to the final sentence of said paragraph in order
to set forth the minimum annual salary for Employee for the extended term of the
Employment Agreement:
Year ending February 28, 2001 $300,000
Year ending February 28, 2002 $300,000
Year ending February 28, 2003 $300,000
4. Except as amended herein, all terms and provisions of the Employment
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this amendment as of the date
first above-written.
BCT INTERNATIONAL, INC.
By: Xxxx Xxxxxx
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Xxxx XxXxxx, Director
