EXHIBIT 10(B)(I)
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT, by and between Colonial
Commercial Corp., New York corporation, with its principal office at 0000
Xxxxxxxxx Xxxxxxxx, Xxx 000-X, Xxxxxxxxx, Xxx Xxxx 00000-0000 (the "Company")
and Xxxxx X. Xxxxxxx, residing at 00 Xxxxxx Xxxxx, Xx. Xxxxx, Xxx Xxxx 00000
(the "Employee") made as of this 15th day of September, 2000.
This is the first amendment for the above captioned employment
agreement dated as of January 1, 2000.
FIRST: The following section 3.07 Life Insurance shall be added to the
end of Article III.
3.07 Life Insurance. Employee has obtained a life insurance policy from
Security Mutual life Insurance Co., Policy #001260981 in the face amount of
$250,000. The Company shall reimburse the Employee for premiums that he pays for
this policy during the term of this employment agreement, upon satisfactory
evidence of such payments.
SECOND: Section 4.01(b)(ii) of Article IV shall be deleted in its
entirety.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and date first above written.
COLONIAL COMMERCIAL CORP.
By: /s/ Xxxxxxx Xxxx
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Title
/s/ Xxxxx X. Xxxxxxx
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(Employee)
