EXHIBIT 10.13
AMENDMENT NO. 1 TO EXECUTIVE EMPLOYMENT AGREEMENT OF XXXX X. XXXXXX
This is the First Amendment ("First Amendment") to the Employment
Agreement of Xxxx X. Xxxxxx entered into as of December 31, 2004 (the
"Agreement"), by and between First Cash Financial Services, Inc. (the
"Company"), a Delaware corporation, and Xxxx X. Xxxxxx (the "Executive").
This First Amendment shall apply prospectively and is effective as of March
9, 2007.
WHEREAS, Executive is presently employed by the Company pursuant to the
Agreement between the parties (said Agreement including all previous
amendments and/or addenda, if any), and the parties desire to modify the
Agreement as set forth below.
NOW, THEREFORE, in consideration of the mutual covenants and
obligations hereinafter set forth, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties agree as follows:
1. In paragraph 3(a) of the Agreement, after the term "President,"
insert the phrase "and Chief Executive Officer ("CEO")."
2. In the first sentence of paragraph 3(c), after the word
"President," insert the phrase "and CEO." In the last sentence of paragraph
3(c), after the word "President," insert the phrase "and CEO."
3. In paragraph 7 of the Agreement, after the term "$550,000," insert
the phrase "through December 31, 2005, $605,000 from January 1, 2006 to
December 31, 2006, and $700,000 beginning January 1, 2007."
4. Except as modified herein, the remainder of the Agreement shall
remain unchanged.
EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN GIVEN THE OPPORTUNITY TO
DISCUSS THIS FIRST AMENDMENT WITH HIS PRIVATE LEGAL COUNSEL AND HAS AVAILED
HIMSELF OF THAT OPPORTUNITY.
FIRST CASH FINANCIAL SERVICES, INC. EXECUTIVE
By:_____________________________ ______________________________
Xxxxxxx X. Xxxxxx Xxxx X. Xxxxxx
Chairman of the Board
