EXHIBIT 10.89
AMENDMENT NO. 4 TO
EMPLOYMENT AGREEMENT
BY AND BETWEEN
I.C. XXXXXX & COMPANY L.P.
AND
XXXXXX X. XXXXXXXXX
THIS AMENDMENT NO. 4, dated as of March 31, 2001, is made a part of
that certain EXECUTIVE EMPLOYMENT AGREEMENT, dated as of May 15, 1997, by and
between I. C. Xxxxxx & Company L.P. (the "Company") and Xxxxxx X. Xxxxxxxxx (the
"Executive"), as amended by Amendment No. 1 dated as of August 27, 1998,
Amendment No. 2 dated as of February 11, 1999, and Amendment No. 3 dated January
3, 2000, (collectively, the "Agreement"). It is intended by the parties that the
terms of this Amendment No. 4, to the extent that they are more specific than
the terms contained in the Agreement, or to the extent that they should conflict
with the terms contained in the Agreement, shall supersede the terms of the
Agreement. Section numbers utilized in this Amendment No. 4 correspond, where
applicable, to section numbers used in the Agreement.
W I T N E S S E T H:
- - - - - - - - - -
Accordingly, in consideration of the mutual covenants and
representations contained herein and the mutual benefits derived herefrom, the
parties hereto agree as follows:
1. Paragraph 2 is hereby restated in its entirety as follows:
2. TERM. This Agreement shall begin May 15, 1997 and shall
continue until May 15, 2002 (the "Employment Period").
Thereafter, this Agreement shall renew automatically from
Employment Year to Employment Year, subject to the right of
either party to terminate this Agreement as of the end of any
Employment Year upon sixty (60) days' prior written notice to
the other party. An "Employment Year" begins each May 15 and
ends on the following May 15.
2. The reference to May 15, 2001 in the first sentence of Paragraph 3
is hereby replaced with a reference to May 15, 2002.
IN WITNESS WHEREOF, the parties have executed and delivered this
Amendment No. 4 on the date first above written.
I.C. XXXXXX & COMPANY L.P.
By: I.C. XXXXXX & COMPANY, INC.
its general partner
By: /s/ XXXXXX X. XXXXX
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Xxxxxx X. Xxxxx, President
EXECUTIVE
By: /s/ XXXXXX X. XXXXXXXXX
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Xxxxxx X. Xxxxxxxxx
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