AMENDMENT NO. 2 TO
EMPLOYMENT AGREEMENT
This Amendment No. 2 to Employment Agreement is made as of the 22nd day
of January, 2004, by and between Xxxxxxx Enterprises, Inc., a Louisiana
corporation (the "Company"), and Xxxxxxx X. Xxxx (the "Employee").
WITNESSETH:
WHEREAS, the Company has entered into an Employment Agreement with the
Employee dated as of November 1, 2001 as amended by Amendment No.1 dated as of
April 1, 2002 (as amended, the "Employment Agreement"); and
WHEREAS, the Company, acting through the Compensation Committee of the
Board of Directors, and the Employee have agreed to an extension of the term of
the Employment Agreement, as set forth herein.
NOW, THEREFORE, for and in consideration of the continued employment of
Employee by the Company and the payment of wages, salary and other compensation
to Employee by the Company, the parties hereto agree as follows:
SECTION 1. Except as expressly amended herein, all of the terms and
provisions of the Employment Agreement shall remain in full force and effect.
SECTION 2. Article I, Section 2 of the Employment Agreement is hereby
amended to read in its entirety as follows:
EMPLOYMENT TERM. The Term of this Agreement (the "Employment
Term") shall commence on the Agreement Date and shall continue through
October 31, 2006, subject to any earlier termination of Employee's
status as an employee pursuant to this Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and signed as of the date indicated above.
XXXXXXX ENTERPRISES, INC.
By: /S/ XXXXX X.XXXXXXXXX
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Xxxxx X. XxXxxxxxx
Compensation Committee Chairman
EMPLOYEE:
/S/ XXXXXXX X. XXXX
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Xxxxxxx X. Xxxx