EXHIBIT 99.1
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AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment is made this 9th day of September, 2005, by and between
Interline Brands, Inc., a New Jersey Corporation ("Company"), whose address is
000 Xxxx Xxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxx 00000 and Xxxxxxx X. Xxxx
("Executive").
WHEREAS, the Executive is currently an employee of the Company; and
WHEREAS, the Company and the Executive desire to amend and restate the
employment agreement entered into by, and between the parties, dated as of
December 15, 2004 ("Agreement"); and
WHEREAS, the Company considers it essential to its best interests and
the best interests of its stockholders to provide for the continued employment
of the Executive by the Company and to amend the Agreement; and
WHEREAS, the Executive is willing to accept and continue his employment
on the terms hereinafter set forth in this Amendment;
NOW, THEREFORE, in consideration of the premises contained herein and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Company and Executive agree as follows:
1. Section 4 of the Agreement entitled "BONUS" is hereby deleted in its
entirety and shall be replaced with the following provisions and
incorporated into the Agreement as the new and substituted Section 4:
"4. BONUS. With respect to each calendar year during the
Employment Term, the Executive shall be eligible to earn an
annual bonus award with a target of 50% percent of the Base
Salary, based upon and subject to the terms of any bonus program
established by the Board or a committee thereof from time to
time.
2. Except as modified or amended herein, the Agreement remains in full
force and effect. Nothing contained herein invalidates or shall impair
or release any covenant, condition or stipulation in the Agreement, and
the same, except as herein modified and amended, shall continue in full
force and effect.
3. This Amendment may be executed in one or more counterparts, each of
which shall constitute an original and all of which taken together
shall constitute one Agreement. The parties specifically agree that
facsimile signatures are acceptable and permitted and shall be
considered original and authentic. Each party executing this Amendment
represents that such party has the full authority and legal power to do
so.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment, which is
effective as of the date first above written.
INTERLINE BRANDS, INC. EXECUTIVE
By: /s/ Xxxxxxx X. Xxxxx /s/ Xxxxxxx X. Xxxx
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(Signature) (Signature)
Name: Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxx
Title: President and CEO Title: Senior Vice President
Date: September 9, 2005 Date: September 9, 2005
