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EXHIBIT 10.22
AMENDMENT TO EMPLOYMENT CONTRACT OF XXXXXX X. XXXXX
DATED JANUARY 20, 1995
This Amendment to the above Employment Agreement refers only to page two,
termination paragraph, which is deleted from the Employment Agreement of
January 20, 1995 and replaced with the following provisions:
Termination: If your employment hereunder is terminated by the Company for
cause, you shall receive your benefits hereunder which have vested through the
date of termination. If your employment hereunder is terminated without cause,
you shall continue to receive your then current salary for the remainder of the
contract and vested stock rights through the remainder of the contract, but you
shall not receive a bonus. Cause for these purposes shall be defined to mean
being convicted of a crime involving moral turpitude or committing a dishonest
act harmful to the Company.
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Xxxxx Xxxxxx
Director, Executive Committee
SEARCH CAPITAL GROUP, INC.
AGREED TO AND ACCEPTED THIS
DATE OF MAY 10, 1995.
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Xxxxxx X. Xxxxx
