EXHIBIT 10.17
FIRST AMENDMENT
This First Amendment to the Employment Agreement of Xxxxx X. Xxxxxxxxx
("Amendment") is entered into by and between Xxxxx X. Xxxxxxxxx ("Employee") and
Mannatech, Incorporated ("Employer"), as of this the 1st day of January, 2002,
and amends that certain Employment Agreement entered into by and between the
Employee and the Employer, effective November 1, 1999.
ARTICLE I.
Paragraph 1, "Term" of the Agreement is hereby renewed until December 31,
2004.
Paragraph 2, "Compensation" is amended to reflect an increase in salary of
$40,000 to $340,000 per annum commencing January 1, 2002.
ARTICLE V.
Paragraph 13, "Notice" is changed to:
Xxxxx X. Xxxxxxxxx
0000 Xxxxxxxxxx Xxxx
Xxxxx Xxxx, Xxxxx 00000-0000
In all other things except the foregoing Amendment, the Agreement shall
remain in full force and effect.
Effective this 1st day of January, 2002.
MANNATECH, INCORPORATED
By:
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Xxxxx X. Xxxxxxxxx Xxxxx Xxxxxxxxx
Its: Co-Chairman
First Amendment - Solo Page