EXHIBIT 10(G)
AMENDMENT, dated as of February 14, 1996, to EMPLOYMENT AND CONSULTING
AGREEMENT dated as of September 1, 1988, between UNITEL VIDEO, INC. ( the
"Company") and XXXX XXXXXXX ( "Employee").
WHEREAS, the Company and Employee are parties to an Employment and
Consulting Agreement dated as of September 1, 1998 (the "Employment and
Consulting Agreement") whereby Employee is restricted with respect to his
ability to compete with the business of the Company: and
WHEREAS, the Company desires to amend the Employment and Consulting
Agreement to permit Employee to participate in his son's business on the terms
set forth in this Amendment.
NOW THEREFORE, the parties hereto agree as follows:
1. Consent to Participate in Business.
Notwithstanding the provisions of Section 11(a) of the Employment and
Consulting Agreement, but subject to the conditions set forth in the second
sentence of this paragraph, Employee may provide services to or be financially
interested in a video services business located in Southern Florida in which
employee's son has an equity interest (the "Video Services Business"). In the
event that Employee shall participate in the Video Services Business as provided
in the previous sentence of this paragraph and either (i) the Video Services
Business shall engage in business in the New York metropolitan area, the Chicago
metropolitan area, southern California or any geographic area in which the
Company shall in the future do substantial business as determined by the Board
of directors of the Company (excluding Employee) or (ii) the Board of Directors
of the Company (excluding Employee) shall determine in its discretion that it is
not in the best interest of the Company for Employee to continue his interest in
the Video Services Business, then upon receipt of notice from the Board of
Directors of the Company (which notice the Board of Directors may give or
withhold in its discretion), Employee shall cease providing services or
additional funds to the Video Services Business.
2. Miscellaneous.
Except as specifically provided in this amendment, all of the terms and
conditions of the Employment and Consulting Agreement shall remain in force and
effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment
on the date first above written.
UNITEL VIDEO, INC.
/s/ Xxxxx Xxxxxxx
By _______________________
Name: Xxxxx Xxxxxxx
Title: Senior Vice President Finance & Administration
/s/ Xxxx Xxxxxxx
______________________
Xxxx Xxxxxxx
