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Exhibit 10.27
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT ("Amendment") to the employment agreement is made
and entered into as of the 18th day of May, 1999 between Multi-Color
Corporation, an Ohio corporation ("Multi-Color"), and Xxxxx Xxxxxx ("Employee").
R E C I T A L S:
A. Multi-Color and Employee entered into an employment agreement
(the "Employment Agreement") as of the 16th day of March, 1998.
B. Multi-Color has determined that it is in the best interests of
Multi-Color and its shareholders to amend the Employment Agreement.
NOW, THEREFORE, in consideration of the promises and mutual covenants
contained in this Amendment and the Employment Agreement and for good and
valuable consideration, the receipt of which is mutually acknowledged,
Multi-Color and the Employee agree to modify and amend the Employment Agreement
as follows:
1. Section 1 of the Employment Agreement entitled "Positions and
Duties" shall be amended by deleting Vice President of Operations and inserting
in lieu thereof, President.
2. Section 2, "Compensation", shall be amended by deleting $140,000
and inserting in lieu thereof $175,000.
3. The terms of the Employment Agreement amended hereto shall be
effective May 18, 1999. All terms of the Employment Agreement not specifically
amended herein shall remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the date first written above.
MULTI-COLOR CORPORATION
By: /s/ Xxxxxxx X. Cahrew, VP/CFO
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Secretary
/s/ Xxxxx Xxxxxx
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XXXXX XXXXXX
