AMENDMENT AND EXTENSION TO EMPLOYMENT AGREEMENT
Exhibit 10.36
AMENDMENT AND EXTENSION TO EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT AMENDMENT AND EXTENSION is entered into and effective as of the 8th day of March 2011, by and between XXXXXX NATIONAL CORPORATION, a Kansas corporation (“Employer”) and XXXXX X. XXXXXXX of Olathe, Kansas.
RECITALS
Employer desires to continue to employ Employee through 2021, and Employee wishes to continue employment with Employer through 2021, and from time to time, Employer and Employee have extended the Employment Agreement between Employer and Employee dated the 17th day of March, 1994.
AGREEMENT
NOW, THEREFORE, on the basis of the respective promises and agreements, the parties agree that the provisions of the Employment Agreement dated the 17th day of March, 1994 shall be extended and continue in effect to, and including, December 31, 2021.
All of the terms of the Employment Agreement dated the 17th day of March, 1994 shall continue in full force and effect with the exception of the following previous amendments:
1. The parties agree that Employee shall receive a salary increase of five percent (5%) per year for each year of this Amendment and Extension to the Employment Agreement.
2. The term of the Employment Agreement dated the 17th day of March, 1994 shall be extended to, and including, December 31, 2021.
3. The address for section 9.0 of Employer shall be changed to:19920 X. 000xx Xxxxxx, Xxxxxx, Xxxxxx 00000.
IN WITNESS WHEREOF, the parties have executed this Amendment and Extension to Employment Agreement as of the day and year first written above.
XXXXXX NATIONAL CORPORATION
By /s/ R. Xxxxxx Xxxxxxx
R. Xxxxxx Xxxxxxx
Its Chairman of the Board of Directors
EMPLOYEE:
/s Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
