EXHIBIT 10.44
SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
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This second amendment to the Employment Agreement dated as of June 23,
1997 (and amended effective September 17, 1999) by and between Edgewater
Technology, Inc., formerly Staffmark, Inc. (the "Company"), and Xxxxxx X.
Xxxxxxx (the "Employee"), is made and entered into effective as of May 22, 2000
between the Company and Employee.
RECITALS
Whereas, the Compensation Committee of the Board of Directors of the
Company has determined that it is necessary and in the best interests of the
Company to amend the Employment Agreement as a result of various business
restructurings that have occurred and in order to make the Employment Agreement
more equitable following these business changes; and Whereas, this second
amendment has been approved by the Compensation Committee on behalf of the
Company's Board of Directors on May 22, 2000.
AGREEMENT
Now, Therefore, in consideration of the promises and the mutual
covenants and agreements contained herein, the parties hereto agree as follows:
1. Section 5 of the Employment Agreement, as amended, is further amended by
deleting the first sentence of the Paragraph and replacing it with the
following: "Subject to the right of the parties to terminate this Agreement
as set forth herein, the term of this Agreement shall begin on the date
hereof and continue until April 1, 2002 (the "Initial Term"), except the
Initial Term shall be extended by one (1) additional month for each full
month of service that Employee has completed during the term of the
Agreement, beginning with the month of April 2000."
2. The Employment Agreement (as amended by the first amendment dated as of
September 17, 1999, and as amended herein) contains the entire
understanding of the parties with respect to the employment of Employee and
supersedes all prior arrangements or understandings, written or oral, with
respect thereto. The Employment Agreement, as amended, may not be altered
or amended except by a writing, duly executed by a representative of the
Company who has been authorized to enter into such an amendment by the
Company's Board of Directors.
In Witness Whereof, the parties have executed this second amendment to the
Employment Agreement as of the date below, effective as of the date reflected in
the preamble above.
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
Date: December 1, 2000
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Edgewater Technology, Inc.
By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx
Title: Chairman and Chief Executive Officer
Date: December 1, 2000
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