EXHIBIT 10(c)(16)
Amendment Sixteen to Insurance Processing Agreement
This document is Amendment Sixteen to the
Insurance Processing Agreement,
made and entered into effective June 1, 1993, and amended by Amendment One
to
Insurance Processing Agreement dated June 4, 1998; Amendment Two to
Insurance Processing Agreement dated September 25, 1998; Amendment Three to
Insurance Processing Agreement dated October 19, 1998; Amendment Four to
Insurance Processing Agreement dated December 15, 1998, Amendment Five to
Insurance Processing Agreement dated March 25, 1999, Amendment Six to
Insurance Processing Agreement dated May 10, 1999, Amendment Seven to
Insurance Processing Agreement dated June 24, 1999, Amendment Eight to
Insurance Processing Agreement dated August 5, 1999, Amendment Nine to
Insurance Processing Agreement dated October 1, 1999, Amendment Ten to
Insurance Processing Agreement dated January 31, 2000, Amendment Eleven to
Insurance Processing Agreement dated March 1, 2000, Amendment Twelve to
Insurance Processing Agreement dated April 19, 2000, Amendment Thirteen to
Insurance Processing Agreement dated July 31, 2000, Amendment Fourteen to
Insurance Processing Agreement dated September 25, 2000 and Amendment
Fifteen to Insurance Processing Agreement dated October 31, 2000, (the
“Agreement”), by and between American National Insurance Company (“American
National”) a Texas corporation, and Legacy Insurance Processing Group (“LMG”), a
California corporation.
In consideration of mutual covenants
contained herein, the parties agree as follows:
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“Section 6.1” of the Agreement is hereby deleted in
its entirety and the following new Section 6.1 shall be substituted
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“Subject to termination as hereinafter
provided, this Agreement shall remain in force and effect until the close of
business on January 31, 2001, the term of this Agreement. This Agreement
may be renewed by mutual agreement for additional successive terms of one
(1) year unless terminated by either party by prior written notice to the
other at least one hundred eighty (180) days prior to the end of the
initial term or the renewal term.”
Except as specifically amended hereby,
all terms and provisions of the Insurance Processing Agreement shall remain in
full force and effect.
IN WITNESS HEREOF, the parties hereto have executed this Agreement.
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| LEGACY MARKETING GROUP |
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AMERICAN NATIONAL INSURANCE
COMPANY |
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| By: |
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/s/ H. Xxxx Xxxxxxxx |
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By: |
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/s/ Xxxxx X. Xxxxxxx |
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| Title: |
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Chief Information Officer
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Vice President |
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| Witness: |
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/s/ Xxxxxxxxx Xxxxxxx |
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Witness: |
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/s/ Jynx Yucra |
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| Date: |
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November 29, 2000 |
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Date: |
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November 28, 2000 |
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