Exhibit 10.60
CKE RESTAURANTS, INC.
AMENDMENT
TO
EMPLOYMENT AGREEMENT
This Amendment (the "Amendment") to Employment Agreement is made effective
as of February 1, 2005 (the "Effective Date"), by and between CKE Restaurants,
Inc. (the "Company") and Xxxxxx X. Xxxxxx (the "Employee").
RECITALS
A. The Company and the Employee entered into an Employment Agreement,
dated as of January __, 2004 (the "Agreement").
B. The Company and Founder now desire to amend the Agreement as set
forth below.
AGREEMENT
1. Bonus Calculation. Clauses (v) and (vi) of Section 4(e) of the
Agreement shall be amended in their entirety to read as follows:
"(v) If Actual Income is greater than 100%, but less than 120%, of
Target Income, Employee shall receive a bonus equal to the Current
Base multiplied by the percentage determined as follows:
100% + [% in excess of 100% x 150%]
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(vi) If Actual Income is 120% or greater of Target Income, Employee
shall receive a bonus equal to 250% of Current Base."
2. Definitions. Terms used but not defined in this Amendment shall have
the respective meanings assigned to them in the Agreement.
3. Counterparts. This Amendment may be executed in multiple
counterparts, each of which shall be deemed an original, and all of which shall
constitute one Amendment.
4. Terms and Conditions of Agreement. Except as specifically amended by
this Amendment, all terms and conditions of the Agreement shall remain in full
force and effect.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, this Amendment is executed by the undersigned as of
the date first written above.
/s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
CKE RESTAURANTS, INC.
By: /s/ Xxxxx Xxxxx
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Xxxxx Xxxxx
Director and Chairman of the
Compensation Committee of the
Board of Directors
