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EXHIBIT 10.2
EXTENSION OF EMPLOYMENT AGREEMENT
WHEREAS, FPIC Insurance Group, Inc. (Employer) and Xxxxxxx X. Xxxxxxx
(Employee) are parties to an Employment Agreement under date of December 30,
1992, and
WHEREAS, said Employment Agreement stipulates that said Agreement shall
be extended for an additional year at the end of each calendar year upon
Employer's Board of Directors (Board) or a committee thereof giving notice to
Employee that it wishes to extend the Employment Agreement for an additional
year,
NOW THEREFORE, Employee is herein advised of the extension of the
Employment Agreement. It is agreed that the annual salary referred to in
paragraph 2(a) is changed to $450,000.
IN WITNESS WHEREOF, the parties have executed this extension as of the
7th day of November, 1998.
FPIC INSURANCE GROUP, INC.
Accepted:
By:
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Xxxxxxx X. Xxxxxxx
Attest: Attest:
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EXTENSION OF EMPLOYMENT AGREEMENT
WHEREAS, FPIC Insurance Group, Inc. (Employer) and Xxxxxx X. Xxxxx
(Employee) are parties to an Employment Agreement under date of December 30,
1992, and
WHEREAS, said Employment Agreement stipulates that said Agreement shall
be extended for an additional year at the end of each calendar year upon
Employer's Board of Directors (Board) or a committee thereof giving notice to
Employee that it wishes to extend the Employment Agreement for an additional
year,
NOW THEREFORE, Employee is herein advised of the extension of the
Employment Agreement. It is agreed that the annual salary referred to in
paragraph 2(a) is changed to $360,000.
IN WITNESS WHEREOF, the parties have executed this extension as of the
7th day of November, 1998.
FPIC INSURANCE GROUP, INC.
Accepted:
By:
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Xxxxxx X. Xxxxx
Attest: Attest:
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