Exhibit 10.4.7
AMENDMENT TO EMPLOYMENT AGREEMENT
This Amendment to Employment Agreement is executed on the 25th day of
October, 1999, by and between BALLANTYNE OF OMAHA, INC. ("Ballantyne"), a
Delaware corporation, with its principal offices at 0000 XxXxxxxx Xxxxxx, Xxxxx,
Xxxxxxxx 00000 (the "Company"), and XXX X. XXXXXXX, an individual residing at
0000 Xxxxx 000xx Xxxxxx, Xxxxx, Xxxxxxxx 00000 (the "Employee").
WITNESSETH:
That certain Employment Agreement entered into between the parties on
November 20, 1996, is hereby amended as follows:
1. Paragraph 4(b) of said Employment Agreement is hereby amended to
read:
"(b) Notwithstanding anything to the contrary provided herein, the
Company or the Employee may give the other 120 days' notice prior to
the end of the term, or of any extension or renewal thereof, of such
parties' intention to negotiate a new employment arrangement
commencing at the end of the term or to terminate this Agreement. In
the event no such notice is given, the term described at subparagraph
(a) above shall automatically renew for an additional year, and this
subsection (b) shall be applicable again within such extension."
2. Except for the changes herein set forth, all other terms,
provisions and conditions of said Employment Agreement of November 20, 1996,
shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have set their hands the date
above written.
BALLANTYNE OF OMAHA, INC.
BY: /s/ Xxxx X. Xxxxxxx
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President
/s/ Xxx X. Xxxxxxx
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Xxx X. Xxxxxxx
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