Exhibit 10.21
AMENDMENT XX. 0
XXXXXXXXX XX. 0 dated as of December 17, 1997 to the Employment Agreement
(the "Agreement") dated as of March 31, 1997 between LANCIT MEDIA ENTERTAINMENT,
LTD., a New York corporation ("Employer") and XXXXX XXXXXXX ("Executive").
W I T N E S S E T H:
WHEREAS, Employer and Executive entered into the Agreement on March 31,
1997; and
WHEREAS, Employer and Executive entered into Amendment No. 1 to the
Agreement on June 20, 1997 (Amendment No. 1); and
WHEREAS, the Board of Directors of Employer has approved the extension of
certain provisions of the Agreement; and
WHEREAS, capitalized terms used in this Amendment and not separately
defined shall have the meanings ascribed thereto in the Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree to
amend the Agreement as follows:
1. Each of Paragraphs 3(f)(iii), (iv) and (vii)(A) and 3(g)(ii) of the
Agreement is hereby amended to delete each reference therein to
"December 31, 1997" and replace each such reference with "March 31,
1998".
2. Section 2 of Schedule A to the Agreement, as amended by Amendment No.
1, is hereby amended to delete the reference therein to "December 31,
1997" and replace such reference with "March 31, 1998".
3. Section 1 of Exhibit C to the Agreement, as amended by Amendment No.
1, is hereby amended to delete the reference therein to "December 31,
1997" and replace such reference with "March 31, 1998".
4. Section 4(b) of Exhibit C to the Agreement, as amended by Amendment
No. 1, is hereby amended to delete the reference therein to "January
1, 1998" and replace such reference with "April 1, 1998".
5. Subject to the amendments effected hereby, the Agreement shall remain
in full force and effect.
6. This Amendment may be executed in counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and
the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first above written.
Attest: LANCIT MEDIA ENTERTAINMENT, LTD.
/s/ XXXX X. XXXXXX By: /s/ XXXXXXXX X. XXXXXX
Secretary Xxxxxxxx X. Xxxxxx
/s/ XXXXX XXXXXXX
Xxxxx Xxxxxxx
