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EXHIBIT 10.55
AMENDMENT NO. 1
TO
EMPLOYMENT AGREEMENT
This Amendment No. 1 to the Employment Agreement dated as of November
4, 1996 (the "Employment Agreement") is made and entered into as of the _ day
of February _, 1997 among A I M Management Group Inc., a Delaware corporation
(the "Company"), INVESCO PLC, a public company incorporated under the laws of
England, to be known as AMVESCO PLC following the business combination
described in the Employment Agreement ("AMVESCO") , and Xxxxx X. Xxxxx, a
resident of Texas ("Global Partner").
WHEREAS, the Company, AMVESCO and Global Partner entered into the
Employment Agreement; and
WHEREAS, the Company, AMVESCO and Global Partner now desire to amend
the Employment Agreement in certain respects.
NOW, THEREFORE, for and in consideration of the mutual covenants and
agreements set forth herein and in the Employment Agreement and other good and
valuable consideration, the receipt, adequacy and sufficiency of which are
hereby acknowledged, the parties hereto covenant and agree as follows:
19. Section 4(g) of the Employment Agreement shall be amended to
read in full as follows:
(g) Except as specifically provided in Section 4(e)(ii) hereof, this
Agreement does not pertain to or modify any option plan or option
agreement.
20. Except as set forth herein, all provisions of the Employment
Agreement shall remain in full force and effect.
21. This Amendment No. 1 may be executed in two or more
counterparts, each of which shall be deemed to be an original and which
together shall constitute one and the same agreement.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment
No. 1 to be executed under seal as of the day and year first above written.
A I M Management Group Inc.
By:/s/ XXXXXX X. XXXXXX
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Title: President
INVESCO PLC
By: /s/ XXXXXX X. XxXXXXXXXX
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Title: CFO
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Global Partner
/s/ XXXXX X. XXXXX
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Xxxxx X. Xxxxx
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