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Exhibit 10.40
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CAMINUS LLC
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
This Amendment No. 1 to Employment Agreement is made as of November 8,
1999, by and between Xxxxx Xxxxx (the "Employee") and Caminus LLC, a Delaware
limited liability company and successor in interest to ZAI*NET Software, L.P.
(the "Company"), and amends the Employment Agreement by and between the Employee
and ZAI*NET Software, L.P., dated as of May 12, 1998 (the "Agreement").
1. The first sentence of Section 1.1 of the Agreement is hereby
amended by deleting "Executive Vice President" and
substituting "Vice President" therefor.
2. Section 1.2 of the Agreement is hereby amended by deleting
"President" and substituting "Senior Vice President, Director
of European Operations" therefor.
3. Except as set forth above, the Agreement shall remain in full
force and effect.
EXECUTED as of the date set forth above.
CAMINUS LLC
/s/ Xxxx X. Xxxxxx
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By: Xxxx X. Xxxxxx
Its: CFO
EMPLOYEE
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
