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Exhibit 10.41
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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 Dr. Xxxxxxx Xxxxxxxx (the "Employee") and Caminus Energy
Limited, a company incorporated in the United Kingdom whose registered office is
Xxxxxxx Xxxxx, Xxxxxx Xxxx, Xxxxxxxxx XX0 XXX, Xxxxxx Xxxxxxx (the "Company"),
and amends the Service Agreement by and between the Employee and the Company,
dated as of May 12, 1998 (the "Agreement").
In conjunction with an Initial Public Offering ("IPO") of Caminus Corporation
("Caminus") the following are agreed to:
1. Commencing January 1, 2000 the Employee's Base Salary (as
defined in the Agreement) shall be pound sterling 150,000 per
annum, payable in accordance with the terms of the Agreement.
2. Through the fiscal period ending December 31, 1999 the
Employee will be entitled to an annual bonus as set forth in
Section 3.1 of the Agreement.
3. Commencing January 1, 2000 the second sentence in Section 3.1
of the Agreement which reads "The Employee shall be entitled
to an annual bonus payment (which is targeted at pound
sterling 83,000) in addition to his salary and other benefits,
with the actual bonus amount to be based upon a review of
performance by the Board following the conclusion of each
year" will hereby be deleted.
4. The Employee ten days after the IPO will receive a one-time
bonus of pound sterling 115,077.
5. 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/ Xxxxxxx X. Xxxxxxxx
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Dr. Xxxxxxx Xxxxxxxx
