Third Amendment to Employment Agreement
EXHIBIT
10.60
Third
Amendment
to
This
Third Amendment to Employment
Agreement (the “Third Amendment”), is being entered into effective
December 10, 2009 by and between ImageWare Systems, Inc., a Delaware corporation
(the “Company”) and Mr. S. Xxxxx Xxxxxx Jr. (the “Executive”).
WHEREAS,
the Company and Executive entered into an Employment Agreement dated as of
September 27, 2005 and subsequently amended on September 27, 2008 and again on
April 6, 2009 (as amended, the “Employment Agreement”);
WHEREAS, the Executive
continues to perform valuable services for the Company and the Company desires
to assure itself of the continuing services of Executive; and
WHEREAS, in consideration of
the foregoing and in order to amend the terms of the Agreement and to provide
for the continued services of the Executive in accordance with the present
intent of the Company and the Executive.
NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, and in further consideration of the
mutual covenants contained in the Employment Agreement, the parties do hereby
agree that the Employment Agreement is hereby amended as follows:
|
1.
|
Section “2. Term
of Agreement” strike the
language “continue until December 31, 2009” and replace it with “continue
until December 31, 2011”.
|
|
2.
|
Except
as expressly amended herein, the Employment Agreement shall continue and
be in full force in all respects.
|
_________________________________
_________________________________
ImageWare
Systems,
Inc. S.
Xxxxx Xxxxxx
