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ADDENDUM TO EMPLOYMENT AGREEMENT
This Agreement is an addendum to that certain Employment Agreement (the
"Employment Agreement") dated as of August 3, 1998, between SHONEY'S INC., a
Tennessee corporation (the "Employer"), and XXXXXXX X. XXXXXXX (the "Employee").
W I T N E S S E T H:
WHEREAS, Employer and Employee wish to make a change to the Employment
Agreement, which change is more particularly set forth herein.
NOW, THEREFORE, for and in consideration of the covenants and agreements
set forth in the Employment Agreement and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, it
is mutually agreed as follows:
Section 3.2. BONUSES. Paragraph 3.2 of the Agreement is hereby amended by
deleting the second sentence in its entirety and replacing it with the
following: Eighty percent (80%) of the annual bonus may be earned upon the
achievement of the Business Unit objectives and twenty percent (20%) of the
annual bonus may be earned upon the achievement of Employee's personal
performance objectives (objectives that are within the job description and
agreed to by Employee and the Chief Executive Officer of Employer).
IN WITNESS WHEREOF, employee has hereunto affixed his hand and Employer has
caused this Addendum to be executed by its duly authorized officer as of the 1st
day of March, 1999.
EMPLOYEE: EMPLOYER:
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/s/ Xxxxxxx X. Xxxxxxx SHONEY'S INC.
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XXXXXXX X. XXXXXXX
By: /s/ Xxxxx X. Xxxxxxx
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Title: Executive Vice President, CAO
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