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EXHIBIT 10.6
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (the "Amendment"), dated
March 1, 1998, is entered into between Personnel Group of America, Inc., a
Delaware corporation (the "Company"), and Xxxxxx X. Xxxxxx, Xx.
("Executive").
WHEREAS, the Company and Executive are parties to that certain
Employment Agreement dated September 29, 1995 (the "Agreement"); and
WHEREAS, the Company considers it essential to the Company's best
interests to xxxxxx the continuous employment of the Company's senior management
personnel; and
WHEREAS, the Agreement currently provides that the initial Term of
Employment (as defined in the Agreement) for Executive expires on September 30,
1998; and
WHEREAS, the Company and Executive have agreed that it would be in the
Company's best interests to extend Executive's Term of Employment under the
Agreement for an additional three-year period expiring on September 30, 2001.
NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, the Company and Executive hereby amend the Agreement
pursuant to this Amendment and agree as follows:
1. Term of Employment. Paragraph 5 of the Agreement shall be amended by
deleting "September 30, 1998," in the third line thereof and replacing it with
"September 30, 2001," it being the intention hereof to extend the Executive's
initial Term of Employment under the Agreement for a three-year period to and
including September 30, 2001.
2. Miscellaneous. Except as otherwise set forth herein, the Agreement
shall remain in full force and effect in accordance with its terms from and
after the date hereof. All references to the Agreement from and after the date
hereof shall be deemed to include the Agreement as amended by the terms hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the day and year first above written.
EXECUTIVE COMPANY
PERSONNEL GROUP OF AMERICA, INC.
/s/ Xxxxxx X. Xxxxxx, Xx. By: /s/ Xxx X. Xxxxxxxx, Xx.
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Xxxxxx X. Xxxxxx, Xx. Title: Senior Vice President
Address:
0000 Xxxxxxxx Xxxx
Xxxxxxxxx, XX 00000