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EXHIBIT 10.2
FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FOURTH AMENDMENT, made as of the 1st day of March, 1998, by and
between MECHANICAL DYNAMICS, INC., a Michigan corporation (the "Company"),
having offices located at 0000 Xxxxxxxxxxxx Xxxx., Xxx Xxxxx, Xxxxxxxx 00000,
and XXXXXX X. XXXX, of Brighton, Michigan ("Employee"), for the purpose
of amending that certain Employment Agreement between the Company and Employee
dated as of April 1, 1994, and amended by agreements dated as of March 1, 1995,
as of March 1, 1996, and as of March 1, 1997 (collectively, the "Employment
Agreement").
WITNESSETH:
WHEREAS, the Company and Employee desire to extend the Employment
Agreement and to confirm the same herein.
NOW, THEREFORE, in consideration of the foregoing and of the mutual
convenants contained herein and in the Employment Agreements, the parties
hereto agree as follows:
A. Section 2 of the Employment Agreement is hereby amended to extend
the term of said Agreement through March 31, 2000.
B. Except as expressly modified herein, the Employment Agreement shall
remain in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have duly executed this Fourth
Amendment as of the day and date first above written.
WITNESS: COMPANY
MECHANICAL DYNAMICS, INC.
/s/ Xxxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxxxxxxxxx
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Xxxxxxx X. Xxxxxxxxxx, CEO
EMPLOYEE
/s/ Xxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx