Exhibit 10.6
AMENDMENT NO. 1 TO EMPLOYMENT CONTRACT FOR XXXXX X. XXXX
THIS AMENDMENT NO. 1 TO EMPLOYMENT CONTRACT FOR XXXXX X. XXXX (the "Amendment")
is made and entered into by and between Fox Family Worldwide, Inc. ("we," "us,"
or "Company") and Xxxxx X. Xxxx ("you" or "your") effective June 19, 2000. This
Amendment is entered into with reference to that certain undated Employment
Contract (the "Contract") between you and us the Initial Term under which began
on September 1, 1999 and continues through May 31, 2002. You and we agree as
follows:
1. Amendment. Section 3(d)(3) of the Contract is amended to read in full
as follows:
"(3) Exercisability of Option. During your lifetime, the Option may
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be exercised only by you and may not be transferred, assigned, pledged
or hypothecated (whether by operation of law or otherwise) other than
by will or the applicable laws of descent or distribution, except that
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you may grant a security interest in, pledge and hypothecate the
Option in favor of Xxxx Xxxxx for the purpose of securing your
obligations to Xxxx Xxxxx under that certain Reimbursement and
Indemnity Agreement proposed to be entered into by you in favor of
Xxxx Xxxxx dated effective as of April 7, 2000, as such agreement may
be amended, amended and restated, substituted and/or replaced from
time to, and that you may transfer the Option, to the extent of
granting such security interest, pledge and hypothecation, and to the
extent of any exercise by Xxxx Xxxxx or his successors and assigns of
any remedies pursuant to such security interest, pledge and
hypothecation, and upon any transfer by reason of any such exercise by
Xxxx Xxxxx or his successors and assigns of any such remedies, the
transferee may exercise the Option on the terms set forth herein for
your exercise of the Option. If you die, subject to any transfer
permitted under the immediately preceding sentence, the Option shall
be exercisable by your executors, personal representatives, legatees
or distributes, as applicable."
2. Contract Remains in Force. The Contract, as amended by this Amendment,
shall remain in full force and effect.
3. Defined Terms. Capitalized terms used herein without definition shall
have the meanings ascribed to such terms in the Contract.
IN WITNESS WHEREOF, you and we have entered into this Amendment effective as of
the date first above written.
FOX FAMILY WORLDWIDE
Dated: 6/19/00 By: /s/ Xxx Xxxxx
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Name: XXX XXXXX
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Title: President and COO
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XXXXX XXXX
Dated: 6/21/00 /s/ Xxxxx Xxxx
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