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EXHIBIT 10(K)
AMENDMENT TO EMPLOYMENT AND DEFERRED COMPENSATION AGREEMENT
This is an Amendment to that certain Employment and Deferred Compensation
Agreement dated as of January 1, 1979, as amended on August 8, 1979 and on
September 14, 1994 (the "Agreement"), by and between XXXX INDUSTRIES, INC., a
California corporation (the "Company"), and XXXXXXXX X. XXXXXXXX ("Employee").
WHEREAS, the Company and Employee desire to amend in certain respects the
Agreement which sets forth the terms and conditions of employment and retirement
benefits of Employee.
IT IS THEREFORE AGREED:
A. AMENDMENTS
There shall be added at the end of Section 3 of the Agreement the following
sentence:
"At any time during the 1995 calendar year, Employee may request
a partial payment of the above sum payable upon his retirement
or death in an amount not to exceed one hundred and eighty-seven
thousand dollars ($187,000)."
B. OTHER PROVISIONS IN FULL FORCE AND EFFECT
All other terms and provisions of the Agreement shall remain in full force
and effect and shall not be deemed amended or modified hereby except to the
extent such terms and provisions may be inconsistent with this Amendment.
IN WITNESS WHEREOF, the undersigned has executed this Amendment as of this
26th day of September, 1995.
XXXX INDUSTRIES, INC.
By Xxxxxxxx X. Xxxxxxxx
---------------------------------
Chief Executive Officer
EMPLOYEE
By Xxxxxxxx X. Xxxxxxxx
---------------------------------
Xxxxxxxx X. Xxxxxxxx
