EXHIBIT 10.15
SUPERIOR CONSULTANT HOLDINGS CORPORATION
Amendment to Employment Agreement
The Employment Agreement dated October 11, 2000, as amended, between Xxxxxx X.
Xxxxxxxxxx, RR4, Box 000 00xx Xxxxxx, Xxxxxx, XX 00000 and Superior Consultant
Company, Inc., a Michigan Corporation, is hereby amended as follows:
1. Section #1 shall be deleted in its entirety and replaced by the following:
Your employment with the Company shall commence as of October 11, 2000
("the Commencement Date") and will terminate on December 31, 2003. Except
as otherwise herein provided, you shall have no continuing right to
compensation and bonus. You shall have such responsibilities and perform
such duties appropriate to such position as shall be reasonably assigned to
you by the CEO of the Company. You will initially serve as President and
Chief Operating Officer. You shall devote all your working time and efforts
to the business of the Company. You represent that you are not bound by the
provisions of any non-competition, confidentiality or similar agreement not
heretofore disclosed by you in writing to the Company. You also represent
and warrant that you have never been convicted of a felony.
2. Section #2 shall be deleted in its entirety and replaced by the following:
Your salary shall be at the rate of $12,923.08 bi-weekly, payable in
accordance with the normal payroll practices of the Company and subject to
any payroll or other deductions as may be required to be made pursuant to
law, government order, or by your written agreement or consent.
3. The first paragraph under Section #4 shall be deleted in its entirety and
replaced by the following:
In the event that your employment with the Company shall be terminated by
the Company without Cause prior to December 31, 2003, and not as a result
of your death or Disability (as hereinafter defined), the Company shall
continue your salary (in bi-weekly installments) as if you were still
employed by the Company through December 31, 2003 or for a period of six
months from the date of termination, whichever is less. You shall be under
no obligation to seek other employment or otherwise to mitigate the
Company's obligation to continue your salary. The Company shall, during
this period of salary continuation, continue to provide you with health
insurance benefits on the same basis, including any Company-paid premiums,
as such benefits are provided to employees of the Company, except that such
salary continuation coverage period shall be coterminous and shall apply to
federally mandated COBRA continuation periods. Your rights under the other
benefit plans and programs of the Company shall be determined in accordance
with the terms of such plans and programs as then in effect. In the event
of such termination neither you nor the Company shall have any further
rights or obligations under this Agreement, except as set forth in Sections
5, 6, 7, and 8 of this Agreement.
4. This amendment becomes effective September 15, 2002. Terms of Employment
Agreement dated October 11, 2000, as amended, will prevail until September
14, 2002.
PROPRIETARY AND CONFIDENTIAL
5. Except as amended hereof, all terms and provisions of the Employment
Agreement dated October 11, 2000, as amended, remain in full force and
effect.
SIGNATURES:
Acknowledged and accepted for Superior Consultant Company, Inc.
/s/ Xxxxxxx X. Xxxxxxx CEO 9/20/02
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Name Title Date
I hereby acknowledge that I have voluntarily entered into this Amendment to
Employment Agreement after having a full and adequate opportunity to review its
provisions.
Acknowledged and accepted
/s/ Xxxxxx X. Xxxxxxxxxx President 9/20/02
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Name Title Date
PROPRIETARY AND CONFIDENTIAL
