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EXHIBIT 10.15
AMENDMENT NUMBER 1
TO EMPLOYMENT AGREEMENT OF
XXXXX X. XXXX
Amendment Number 1, dated as of January 23, 1998 to Employment Agreement,
dated as of June 16, 1997 as previously amended (the "Employment Agreement"),
between General Nutrition, Incorporated (the "Company") and Xxxxx X. Xxxx
("Executive"). Capitalized terms used herein without definition shall have the
meanings assigned to them in the Employment Agreement.
WHEREAS, the Compensation Committee of the Board of Directors of the
Company by unanimous consent, approved an amendment of Executive's Employment
Agreement.
NOW, THEREFORE, in consideration of Executive's continued performance of
his duties as an officer of the Company, the Company and Executive hereby agree
that:
1. The Employment Period is hereby extended until February 1, 2002. All
references to February 3, 2001 in the Employment Agreement, are hereby changed
to references to February 1, 2002, except that in paragraph 3(a) Base Salary,
the base salary shall be $150,000 for both the fiscal year ending February 3,
2001 and the fiscal year ending February 1, 2002.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first written above.
EXECUTIVE GENERAL NUTRITION, INCORPORATED
By: /s/ XXXXX X. XXXX By: /s/ XXXXX X. XXXXXX
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Xxxxx X. Xxxx
Title: Vice President
Date: 2/3/98 Date: 2/3/98
Witness: /s/ XXXXXXXXX X. XXXXXXXX Witness: /s/ XXXXXXXXX X. XXXXXXXX
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GENERAL NUTRITION COMPANIES, INC.
COMPENSATION COMMITTEE
By: /s/ XXXXXX X. XXXXXXXX
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Xxxxxx X. Xxxxxxxx
By: /s/ XXXXX XXXXX
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Xxxxx Xxxxx
