Exhibit 10.19
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Amendment No. 2 dated as of September 1, 1998 to Employment Agreement dated
January 1, 1995 and amended December 11, 1997 (as amended, the "Agreement") by
and between Benihana Inc. and Xxxxxxx X. Xxxxxx.
Unless otherwise defined herein, capitalized terms shall have the
respective meanings assigned to them in the Agreement. The parties agree that
the Agreement shall be amended as follows:
1. The Agreement is amended by revising Section 1 of the Agreement as
follows:
1.1. Subject to the terms and provisions of this Agreement, the
Company will continue to employ the Employee for an extended term
continuing until October 31, 2001 (the "Employment Period").
2. The Agreement is amended by adding the following as Section 8:
8. Change In Control.
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8.1. In the event at any time after the Effective Date, a majority
of the Board of Directors is composed of persons who are not "Continuing
Directors", as hereinafter defined, and Employee's employment is terminated
by the Company other than for one of the reasons set forth in Section 4
hereof, Employee shall not be obligated to seek employment to mitigate his
damages, if any, to which he may be entitled for breach of this Agreement.
8.2 "Continuing Directors" shall mean (i) the directors of the
Company at the close of business on September 1, 1998, and (ii) any person
who was or is recommended to (A) succeed a Continuing Director or (B)
become a director as a result of an increase in the size of the Board, in
each case, by a majority of the Continuing Directors then on the Board.
Except as modified herein, the Agreement remains in full force and effect
in accordance with its terms without revocation or change.
IN WITNESS WHEREOF, the undersigned have executed this Amendment No. 2 as
of the date and year first above written.
BENIHANA INC.
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx, President
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
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